Written by:
Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864
Email: darleen@darleenmc.com
I don't know about you, but it is sooooo depressing to turn on the television or read about the record number of foreclosures in the United States.
I'm happy to say that the Sky is NOT falling in Wake County, North Carolina (where the 12 municipalities of Raleigh, Cary, Apex, Fuquay-Varina, Garner, Holly Springs, Knightdale, Morrisville, Rolesville, Wake Forest, Wendell, and Zebulon) are located!
In North Carolina, foreclosure rates are almost certain to climb. However, we are quite fortunate in Wake County. In 2007, fewer than 1,400 homes actually made it to the Courthouse steps as foreclosures, according to a manager in the Special Proceedings Division at the Wake County Clerk of Superior Court.
As a real estate professional, each week, I receive quite a few emails and phone calls from new investors seeking hugely discounted deals. The truth is, many foreclosure properties aren't a bargain at all, and are often sold at or near retail value. (Yes, it's true!) In addition to the unpaid mortgage, items such as the foreclosure attorney's fees; back taxes; homeowner association dues; etc.; are added into the price-increasing the property's cost as much as $40,000.
If you are a real estate investor looking for investment property, rather than setting out solely to purchase a "foreclosure", a savvy real estate agent can help you research a good investment that meets your needs.
Call me. I'll be glad to help you.
Darleen McCullen, REALTOR®, Broker
Keller Williams Realty
Phone: 919.454.8864
Email: darleen@darleenmc.com
Website: http://www.darleenmc.com/
Photos courtesy of RealEstateClipArt.com
Disclaimer: Opinions expressed by those who are part of the ActiveRain community, including those providing comments relating to this blog, are their opinions and their alone - and do NOT reflect the opinions of Darleen McCullen and Keller Williams Realty. Darleen McCullen and Keller Williams Realty are not responsible for the accuracy (or lack thereof) or content provided by others.
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