Triangle House Hunter Articles

Below you will find articles on housing market research, tips for home buyers and sellers, new technology, and local events!

 

April 12, 2017

Snapshot of Off Market Properties

We always come across a bunch of off market properties, either for sale by owner or just not listed yet. See below to find a quick snapshot of these:

Duplex in Walltown, Durham - 200k

3 bedroom/one level in Governor's Village Chapel Hill - 410k

3 bedroom plus bonus room house in Parkside, Chapel Hill - 399k

2 bedroom townhouse near downtown Chapel Hill (investment property) - 130k

3 bedroom/one level fixer upper off Garrett Rd Durham - 190k

4 bedroom two story fixer upper off of W Club Blvd, Durham - 250k

3 bedroom two story townhouse near Old Chapel Hill Rd, Durham - 190k

4 bedroom newer home near Mebane - 235k

Feel free to contact us if you would like more info on any of them. 

Dec. 1, 2016

Interview with Patrick Walsh, Triangle Home Inspector

Patrick Walsh (License #3461) is a great home inspector and resource for homeowners in the Triangle, NC area. He serves Raleigh, Durham, Chapel Hill, as well as the surrounding towns such as Hillsborough, Mebane, and Apex. We were excited to interview him to see what home buyers and sellers should be on the lookout for while buying or selling a home.

Where did you go to school and/or grow up?

I grew up in Northeast Ohio, studied business at Kent State University, and relocated to Chatham County NC after college. I have a farm near Pittsboro, and have sold organic vegetables and chicken at the Carrboro farmers market for many years.

How did you get started in home inspections, and what do you love about the profession?

I have a done home remodeling and repairs throughout the Triangle for the past 25 years. I’ve helped many homeowners complete the list of repairs after their home was inspected, and a few years ago a real estate agent said, “You should become an inspector!" I love this job and sharing my knowledge of home systems with folks buying a home. I enjoy the excitement of searching for clues to tell the story of a home.

What makes you different versus the competition?

I have the experience and know how to talk with people. I realize that buying a home is an emotional experience and I try to help buyers put into perspective the condition of a home without being alarmist.

What are your favorite hobbies outside of inspecting?

Music! Music! Music! I have played and sang music my whole live. I’ve traveled the world to perform at many bluegrass festivals. I started the Kickin Grass Band in the 90’s and have released 5 CD’s.

What are some common difficulties you run into while performing a home inspection?

Sometimes sellers don’t realize what is involved with a home inspection. When closets, attics, basements, and crawl space areas are packed with personal items, it makes it difficult to inspect electrical panels, water heaters, HVAC systems, and more.

Recommendations to people who are about to get a home inspection?

If you’re having a home inspected, I recommend attending the inspection if possible. It gives the opportunity to talk about the home’s defects and prioritize the repairs. Of course the home inspection report will have many pictures, descriptions, and recommendations, and I’m always available to talk about the home even after you move in.

Where do you see yourself and your business going in the next few years?

I hope to continue inspecting homes for many years. I enjoy being a part of our triangle community, and I look forward to meeting new neighbors.

Pictured: Patrick Walsh scoping out a crawlspace for a client.

Nov. 18, 2016

Triangle Real Estate Market Update October 2016

Oct. 13, 2016

Triangle Real Estate Market Update September 2016

Sept. 13, 2016

Google Fiber Coming to Morrisville First!

After seeing miles upon miles of google fiber being laid throughout the Triangle as I drive around to various showings and listings, it's nice to hear that google is finally ready to begin signups. They are starting in Morrisville (nicknamed the heart of the Triangle) in the next few weeks and are offering fiber internet and TV for $140/month, fiber internet only for $70/month, and slower fiber internet (which is still pretty fast) for $50/month.

They have just finished laying the fiber outside our office, and I can't wait until we get to signup as well!

Aug. 30, 2016

Triangle Real Estate Market Update July 2016

Feb. 5, 2016

NC Oil Tank Removal and Deed Restrictions for Residential Real Estate

It was very common to use heating oil as a source of heat in homes built in the mid 1930’s through the 1980’s. The oil was stored in an above ground (AST) or underground (UST) oil storage tank next to the home or underground on the property. When the home’s heating system was updated to more efficient gas or electric heat, the tanks were shut off with the remaining oil left inside. 

Today’s buyers and sellers should be aware of the status of oil tanks on property because oil leakage can contaminate the soil and ground water around the tank for years. North Carolina state law demands immediate clean up by a licensed professional when leakage is discovered or land use deed restrictions must be placed on a property. Deed restrictions from underground oil tank leakage can negatively impact the value of a home and property as well as its appeal to potential buyers.

The Triangle (Raleigh, Durham, and Chapel Hill areas) was one of the areas where heating oil was used most frequently. Chris Boshoff, President of Cohesion Environmental Services says that “The Department of Environmental Quality says there are anywhere from 200,000 to 500,000 oil tanks in North Carolina. By comparison, there are less than 50,000 gasoline tanks like you’ll find at gas convenience stores.”  He estimates that, “More of 50% of the homes in the Triangle had heating oil. Durham is full of them as is Raleigh, Garner, Cary and Chapel Hill.”

Often a current owner may not even be aware there is a tank on their property because it was shut off before they owned the home. Boshoff goes on to say “This issue most often comes up during real estate transactions. Or a homeowner reports rain has leaked into the tanks, pushing oil into crawl spaces.”

Prior to negotiating the purchase or sale of your home, be sure to research the status of heating oil tanks. That way you can decide whether to remove the tank and possible contamination before the sale, or sell as-is. The Ryan Cassidy Group has handled many real estate transactions in the Triangle involving underground oil tanks. This is one of many issues our experienced real estate advisors can help you resolve with a minimum of stress and delay.

Jan. 1, 2016

Triangle Real Estate Market Update November 2015

Jan. 1, 2016

Raleigh Real Estate Market Update November 2015

Nov. 22, 2015

Durham Real Estate Market Summary October 2015

According to the Multiple Listing Service data for the Durham market, in October 2015 nearly all metrics for the real estate market showed a positive increase versus October 2014. The market continues to be strong with 8.5% growth in New Listings, a 3.7% increase in Median Sales Price to $188,750 and a 5.4% increase in Average Sales Price to $218,129.

The market also seems to be holding steady and is not experiencing wide price swings with the Percent of Original List Price Received only increasing 1.3% to 96.4%. So apparently sellers are pricing their homes realistically and close to what the market will bear.