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I found a deal for myself...why can't I jump on it?!

By
Real Estate Agent with eRealty Inc.

I'm always preaching buy smart, buy low and look at foreclosures as an option.  I'm recently single and wasn't planning on buying again but...I found a deal near Falls Lake and North Raleigh.  It's too good to pass up but I've been "thinking" about it for 3 days now.

Why can't I seen to jump on it...

I suppose I see so many homes on the market for sale in Raleigh that I always feel there is a better deal coming soon.  What if this is the one that gets away though?

Making a decision to buy can be tough for anyone.  However, it's never been this tough for me, it's just a house right?

Wrong...my business partner looked at it yesterday with me and asks...it's perfect but can you make this your HOME?

I've always bought with $$$ in mind and not establishing a home.  This house is perfect in so many ways but that HOME thing has me stumped.  Wake Forest was a little bit further than I wanted to live but it's near Falls Lake and there are many other neighborhoods around this area.

 

wake forest home for sale

In Wake Forest and North Raleigh this home would normally sell for $425,000.  It's listed at $309k and I "think" I can pick it up for under $290k.  The rates are really great right now on a FHA loan with 3.5% down.

It's 4 bedrooms with a bonus and office.  The master is on the first floor and there are upgrades galore!  Hardwoods, double ovens, screened porch, acre lot, side entry garage, double walk in closets, Hardiplank siding and more...its a TON of home for the money.  The Wake County schools assigned to this area are great.  Wakefield middle and high school and Pleasant Union elementary.

The forelcosures I usually invest in need a ton of work.  This home needs some paint, a few lights and a fridge.  Easy stuff for me to handle on my own.

So the dilemma is, is it too much house for me?  Uhhhh, yes! But...it's a deal and I'm thinking this might be HOME!!! 

I'll keep you posted.

Posted by

Over $45 million in sales and counting.  Buy, Sell or Invest with the best.

Happy House Hunting!

 

 

 

 

 

Comments(4)

Barbara Michaluk
Weichert Realtors | Phone Direct 240-506-2434 | 301-681-0550 office - Silver Spring, MD
Leisure World Specialist / Full Service REALTOR

Erica, these are very interesting personal observations that you share.  I agree, that it's always interesting when we have the first hand experience rather than from the realtor point of view.

Oct 27, 2009 04:19 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

It seems you have put yourself in the hands of so many buyers-remember if it is truly the house you need to act now before it is too late. I wish you luck on your choice.

Oct 27, 2009 04:21 AM
Robert Rauf
CMG Home Loans - Toms River, NJ

I think we have a tendency to get in our own way and second guess everything in a RE transaction that is for us personally.  I like you partners idea. can you make it "your home" or is it just because it is a good deal?  I think that is important since you are buying a home, not an investment.... and it will be for the long run.

Oct 27, 2009 04:29 AM
Kathy Knight
Intracoastal Realty Corp - Wilmington, NC
BROKER, ABR, CRS, GRI, SFR, SRES

Ooohhh Erica - what a beauty - don't know if you can or should pass this one up.  THink it is a deal and would make a great HOME....will be looking to see what you decide...

Oct 27, 2009 12:56 PM