501 Midenhall Way Cary NC

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501 Midenhall Way is a lovely home in the Wessex neighborhood of Cary.

Wessex offers large lots, custom homes, lush landscaping and a superb Cary location.  Wessex residents enjoy easy access to RDU Airport, Downtown Raleigh, RTP, NC State University, NC State Fairgrounds, NC Museum of Art, RBC Center, Carter-Finley Stadium, and shopping and retail.  Also nearby are Lake Crabtree County Park, Umstead Park, and North Cary Park, all accessible via easy access to the Town of Cary Greenways.

Wessex is also outside the Raleigh-Durham International Airport Air Traffic Noise Disclosure zones.  There may be an airplane overhead from time to time, but plane traffic is light enough that disclosure is not required.

501 Midenhall Way, based on the award-winning John Weiland Homes Waterton floor plan, has all the features you would expect in a fine upscale home in Cary:

• Hardwood floors
• 3 Sides Brick Exterior
• Granite Countertops
• 2 Story Family Room
• Side-loading Garage
• Gorgeous Master Suite on the Main Level with vaulted ceiling
• Generous Closet and Storage space on all levels
• Circular Drive on an Appealing Corner Lot
• Large Front Porch for Relaxing and Viewing the Neighborhood
• Private and nature-filled back yard

In addition, the owners have had the home inspected and performed the repairs. They also added significant upgrades for your comfort and reliability:

• Copper water supply lines replacing polybutylene
• Hurd Low-E windows throughout, including the patio door, replacing builder-grade windows
• Complete replacement of the HVAC systems with Lennox SEER 13 equipment, including all ductwork, electrostatic air cleaners, and humidification on the lower level.
• 75 gallon water heater in the Garage, with hot water circulator.  Never run out of hot water
• Security System
• Built-in Sub-Zero freezer in the huge laundry room

View the Triangle MLS Buyer Sheet for 501 Midenhall Way, MLS#1801212

And this home LOOKS great.  See the 501 Midenhall Way Slideshow:

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HUD Case Number 381-937917

200 Onondaga Court in Holly Springs, NC, is a HUD-Owned Home with a great floor plan and an interior flooded with light, a large fenced yard, and a side entry garage on a great corner lot.

HUD requires you to use a HUD-Registered agent to write and submit your offer. I am a HUD-Registered agent and would be glad to represent you as your Buyer’s Agent.

Built in 2000, 200 Onondaga Court offers many desirable features:

• Great location in a great neighborhood, the Oaks of Avent Acres
• 2167 square feet, 4 bedrooms, and 2.5 baths
• Plenty of hardwood floors
• Granite countertops
• Luxurious Master Suite
• Side entry garage with overhead storage
• Sunny Breakfast Room
• Two fireplaces
• Beautiful wooded fenced yard
• Shady front porch and great rear deck
• Easy exterior maintenance

See the Triangle MLS Buyer Report.

Call or email me to see it and let’s write it up! Currently, bidding is not yet open to investors.

Read “Working with Real Estate Agents” from the North Carolina Real Estate Commission

Mike Jaquish, REALTOR^®

919.880.2769

http://caryrealestatesales.com/

Broker Associate

KELLER WILLIAMS_® Realty Cary NC

505 Spencer Crest Court offers:

• 3252 Square Feet
• 5 bedrooms, including one on the main level
• 3 full bathrooms, all with tile
• Granite tops in the kitchen and master bath
• Stainless steel appliances, including gas cooktop
• Hardwoods on the main level and the entire staircase
• Excellent bonus room for media
• Large open 2nd level loft for reading nook, school desks, etc.
• Exterior is brick on four sides, with stone and fiber-cement accents
• Low maintenance lot, with reclaimed water irrigation and attractive landscaping
• Wonderful and convenient N Cary location

Access to points of interest is excellent, including Raleigh, NC State University, RDU Airport, NC State Museum of Art, the NC State Fairgrounds, Umstead Park, North Cary Park and Town of Cary Greenways, and Wake County Lake Crabtree Park.

505 Spencer Crest Court is located outside the RDU Air Traffic mandatory notification zones. There may be occassional air traffic, but not at a level that mandates disclosure.

Call me for a showing or more information:

Mike Jaquish, REALTOR®
919.880.2769

Broker Associate, KELLER WILLIAMS® Realty
Cary NC

For Sale By Owner?  FSBO in Cary NC?

We are seeing more and more Cary homeowners test the market with For Sale By Owner, AKA FSBO, offerings.

I think right now that approach takes some guts, as even the Cary NC real estate market is a little soft at some price points.  Hopefully, the FSBO Owner is trying to present more affordable home pricing to potential buyers and their Buyers agent.

But, I stop short of harassing For Sale By Owner sellers to convince them they are mistaken if they do not use me as their listing agent.  Whether they are listed on the Triangle MLS or not, I assume that most people are sharp enough that IF they want a listing agent, they will hire a listing agent.

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And smart Buyers want the home off the market so there is no back up offer to rock the boat and undermine their negotiations on inspections, repairs, appraisal, etc.

The rules from the Triangle MLS regarding Listing Status are clear: 

“Contingent” means it can be shown.  “Pending” means it cannot be shown, although there may still be contingencies.

• Contingent : Contingent status indicates that a property under contract is subject to an additional contingency or condition, i.e. “Contingent Sales Addendum”,  Due Diligence Period, etc. This status reflects a property available for showing and additional offers. A listing in Contingent status will not expire at the end of the listing contract term.  
• Pending : Pending status indicates that a property is under contract and is not available for showings. Listings in this status may include contingencies. The listing will not expire at the end of the listing contract term.   

Some Sellers have had enough of showing the home, and prefer to take it to Pending immediately.  That is understandable, particularly if there are young children, difficult schedules, or the Seller just feels that the contract is strong enough that they don’t need further market exposure while working through to closing.

But, the status of the Listing is ALWAYS the Seller’s choice.  A Buyer may try to negotiate the status, but it is not the Buyer’s unilateral call.

When a Buyer’s Agent asks me to take a Listing under contract to Pending status, when I have my Sellers’ approval, I always offer to do so.  I offer to do so as soon as all contingencies are removed, and their client’s Earnest Money is on the line with no protection other than delivery of clear title.

There is broad misunderstanding of the meanings of “Contingent” and “Pending” among members of the TMLS, and a good agent will learn the meaning of the terms, and stand firm for the client when warranted.

More often than not, the questioner means they would like to hear about homes upon which the lender has foreclosed, that are entered into the Triangle MLS when the bank is ready to sell them.  They often are looking for foreclosures in hopes that they can gain more affordable housing around Cary, NC.

I always want to say, “Yes,” and I always catch myself and say, Well, kinda…”

See, there is no provision in our Triangle MLS rules that require a listing agent to identify a home as in the foreclosure process, or as a bank-owned foreclosure, “REO.”

Some try.  Some don’t try.  Some try to obscure the status so they can semi-pocket the listing and get the Buy side commission, I think.

Triangle MLS has taken a recent measure towards clarity.  A “Special Conditions” field will go live on the MLS on November 3, 2009.  And in that “Special Conditions” field, it will be required to indicate if a home is a short sale.   The field also offers listing agents the option to indicate if a home is in the foreclosure process, or if it is already bank-owned. 

Frankly, I don’t get it.  I understand the Short Sale, if the list price is inadequate to cover outstanding liens and pay costs of the transactions.  That is a material fact that will impact the Seller’s ability to convey title.

What I don’t understand is:  Who is served by providing confusion regarding “In Foreclosure Status,” or that fact that a property is an “REO?”  With these two options being, well Optional, we will be in the same circumstance.  Unable to build a search for one of our hottest commodities currently: REO’s.

The intrinsic value in an MLS is the data, and the integrity of the data.  Providing opportunity to obscure data, and to corrupt the integrity of the data diminishes the value of the Listing Service.  It makes that data unreliable.

I’m hoping that this is an incremental change that foreshadows a move by the Triangle MLS directors to at some point make these fields mandatory, so we can search by In Foreclosure Process and REO statuses and gain reliable information.

Easy.  Behold:  The magic of IDX.  IDX is one of the functions of our Triangle Multi-List System.  You can search all listings from one agent’s website IDX solution.  Listing Agents purposely share listing information and data on the MLS with hopes that another agent will have a qualified buyer with the need for the listing.

And those MLS listings are shared through broker’s sites like mine via IDX, Internet Data Exchange.  So, I can show and sell almost any listing on the MLS.  And visitors to my site can view any listing on the MLS that is enabled through the IDX system.  And that is just about every listing.

IDX offers great flexibility to buyers.  Imagine picking 7 houses in Cary and Raleigh to view one evening after work.  And then imagine having to schedule to meet with an agent from each listing office, or multiple agents from one office if some of the listings were held in one office.  

Nightmare averted via good use of IDX.

You can call me, or any other agent who works with Buyers and we can arrange all the showings for you, for your convenience.  And you can engage one agent to represent you and your interests as your Buyers’ Agent.

The system also functions to offer Sellers the most possible exposure to their homes and other properties, with thousands of Realtors having access to show the property listings to their Buyers.

Sounds like a win-win-win-win all around to me!

IDX.  It is a Best Practice.  And on my site, with my “No Hassle Search,” you can search all day without obligation or without having to register, if you prefer not to.  Call or email me when something floats your boat!

And as of last week, Yahoo! is refusing to deliver them to folks who use Yahoo! email.  Seems too many Yahoo! clients have called agents’ MLS emails SPAM, and Yahoo! has blacklisted the Triangle MLS server.

Our good folks at the TMLS tell me they have contacted Yahoo! looking for help.  And they have received no response.  So now, as well as trying to help nice folks find housing, I’m also promoting Hotmail, Gmail, or other providers.  Not exactly the business niche I seek, selling email services…

Of course, folks can also use my site to search for homes, and set it to alert them to new listings.  That would be:  www.MikeJaquish.com

But I would be just as delighted if the TMLS folks could make peace with Yahoo!  That would give me a great blog to write!