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durham homes: Second Quarter Market Report on Durham Luxury Homes - 07/08/08 06:50 PM
From the Durham Luxury Real Estate blog....As we pass Memorial Day, the Summer solstice and Independence Day, the dog days of summer are upon us. We’ve also had more consecutive days with rain than many of us can remember. But even if drought fears have receded a bit, sales of luxury homes in Durham have been sparse and July and August are not typically strong months even in the best of times. Last year in the second quarter 15 homes in the $700,000+ category where sold in Durham. This year it was 7 and the dollar volume was down 49% from
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durham homes: Buying a Luxury Home in Durham - 06/11/08 09:50 PM
One section of the Newcomers Guide to Buying Luxury Homes in Durham posted on DurhamLuxRE.com specifically addresses some of the technical issues that can vary from state to state. The most important of these is the concept of agency. Until a few years ago, all real estate agents in North Carolina technically represented the seller in a transaction, even when that agent was engaged by the buyer. The real estate commission decided that buyers deserved equal representation and formally established “buyer agency” with its own set of practices and requirements. All licensed agents are licensed to represent either buyers or sellers
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Jay Zenner
Durham,
NC
More about me
Springtree Realty
Address: 3708 Lychan Parkway, Suite 206, Durham, NC, 27707
Office Phone: (919) 794-3351
Cell Phone: (919) 819-6666
Email Me
Durham...a great place to live.
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