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Raleigh Real Estate - If it seems to good to be true it probably is! Life Lesson Learned

By
Real Estate Broker/Owner with BSR Real Estate Group

Raleigh Real Estate - If it seems to good to be true it probably is!  Life Lesson Learned

Alot of people dream of moving to Mayberry why not?

  • Theres Aunt Bee
  • A reliable mechanic
  • A friendly sherrif
  • A quiet fishing hole
  • A barber with a steady hand
  • Main Street is always friendly and never a traffic jam.

I have a client who dreams of a small horse farm with minimum 5 acres. We have been looking for land in their price range. Today we found IT we found 33 acres in the country, within miles of Mayberry, and an old farm house to boot.

The price was unbelievable, the house looked real cute.

The buyers stayed up all night dreaming about the possibilities.

So I made the appointment.

The picture made the house look like "Terra" but it was bad REAL BAD.  I mean no floors, no heating system, nestled between to trailer parks. The pictures and the description does not mention the trailer parks.

The truth with real estate when it Seems to be good to be TRUE it often is!!

Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Rebecca... this is so true. But I don't understand with not only sellers, but the agent that lists this house. What are they thinking?  I know about desperate times and desperate measures, but come on....  this goes the same for rates and fees. When a loan officer promises something that seems to good....

jeff belonger
Dec 15, 2007 06:01 AM
Rebecca Savitski
BSR Real Estate Group - Cary, NC
NC Real Estate Listings

Jeff -

We have this battle all the time 3 bedroom with bonus or advertise 4 bedroom? Its deceiving -

Dec 15, 2007 06:31 AM
Ginger S
Wilkinson & Associates, Wilmington NC - Wilmington, NC
Wilmington NC Real Estate & Relocation~
Rebecca, I have never seen a lisitng mention if the location is poor. Sorry it dod not work out better.. You are so right about the old adage if it seems to good ....
Dec 15, 2007 06:16 PM
Tracy Santrock
Santrock Realty Group Inc. , - Cary, NC
Raleigh - Cary Broker

You betcha Rebecca! Most people thinking of investing here think it's dirt cheap but not anymore.  You get what you pay for.

Congrats on 100K and Happy New Year!

Dec 30, 2007 11:49 AM