All Forum Posts by: Eric Weireter

@Stephen Travers - If you're searching for an agent in that area, I've got a recommendation for you. If you head north and start looking in the Triangle market, I could help you there.

Hi @Stephen Travers - what part of NC?

Hey Ryan - Sorry this one didn't fall your way. Though, I'm sure you probably learned from the process. 

From your original post, I wanted to point out that NC does not have a standard 30 day DD period. The DD period is negotiable - in the Raleigh / Durham market we are frequently seeing anything from 7-14 days for DD and sometimes shorter for cash offers. 

I just don't want you to think that on your future offers you had to have a 30 day DD period as sometimes (among other things) a seller will accept the offer from the buyer who will close the quickest.   

@Account Closed That's unfortunate. That certainly wasn't our experience. I don't blame you for looking elsewhere, first impressions go a long way.

@Account Closed ... practice tests, practice tests, practices tests. Then when reviewing your results, figure out why the correct answer is what it is and what makes all the other answers incorrect. A lot of the time, the incorrect answers are due to a single word in the sentence - such as... except, most, always, etc.

Good luck!

Thanks @Dave Olverson!

Hi Aaron - As Dave eluded to, I'm an agent in the Durham market and have been working with Dave on locating something that fits him. Let's chat to see what you are interested in and see how I can help. Just shot me a PM with your contact info. 

-Eric

Hi Mary,

Here's a rundown of Durham:

Duke Park & Trinity Park - Definitely neighborhoods that have arrived. Great places to live. Definitely Pricey, but there are a few deals here.

Cleveland-Holloway - You could say "currently" arriving, but I think it has arrived for the most part. There are already houses in this area that cost as much as homes in Duke Park and Trinity Park. OTOH, this is definitely an area in transition, as many residents are not in the income bracket of where the neighborhood is trending. So, theoretically there are deals here, but the holdover property owners (not always the same as holdover residents) know what is happening in the area and prices for houses in need of complete reno houses are going up and up.

Albright - The transition is starting and yes it will take a while to fully take hold. The positive side is there are deals to be had here. The negative side is depending on how far from the downtown core you go, gentrification may take longer than you wish to arrive. I really like the potential of this area.

East Durham - I could see many out-of-town investors and even local investors overlook this area. After Albright arrives, this is the next logical move for gentrification. Prices here have risen somewhat over the past few years. This area is definitely not as "dangerous" as it was in recent years, but I imagine it would appear too sketchy for many investors.

Forest Hills - This has been an "arrived" neighborhood from the day it was conceived. I don't live there, but if you gave me enough money I'd be there.

Hope Valley Farms - Has a great location and lovely homes in the core part. Appreciation potential could be high on an older home. The area surrounding Forest Hills is pretty reasonable.

American Village - Just west of Duke's campus, large 80's-90s era family homes and the area south of campus bordering MLK but before you get to Hope Valley for affordable 2-3 bedroom houses on big lots. There is in-fill building happening all around American village.

The Lakewood area southeast of campus has gotten expensive but 2 blocks east are some bargains.

Woodcroft is always a safe bet but many of the houses are a dark/rustic style that are hard to update.

There are also some cool houses going up in the neighborhood just west of the ball-park on the other side of highway 147 around roxboro/mangum, I see that as an up and coming area due to proximity to downtown.

Let me know if I can help further!

-Eric

Hi @Bill Loeb - here's a rundown of the Durham market - which is where I'm located...

Duke Park & Trinity Park - Definitely neighborhoods that have arrived. Great places to live. Definitely Pricey, but there are a few deals here.

Cleveland-Holloway - You could say "currently" arriving, but I think it has arrived for the most part. There are already houses in this area that cost as much as homes in Duke Park and Trinity Park. OTOH, this is definitely an area in transition, as many residents are not in the income bracket of where the neighborhood is trending. So, theoretically there are deals here, but the holdover property owners (not always the same as holdover residents) know what is happening in the area and prices for houses in need of complete reno houses are going up and up.

Albright - The transition is starting and yes it will take a while to fully take hold. The positive side is there are deals to be had here. The negative side is depending on how far from the downtown core you go, gentrification may take longer than you wish to arrive. I really like the potential of this area. 

East Durham - I could see many out-of-town investors and even local investors overlook this area. After Albright arrives, this is the next logical move for gentrification. Prices here have risen somewhat over the past few years. This area is definitely not as "dangerous" as it was in recent years, but I imagine it would appear too sketchy for many investors.

Forest Hills - This has been an "arrived" neighborhood from the day it was conceived. I don't live there, but if you gave me enough money I'd be there. 

Hope Valley Farms - Has a great location and lovely homes in the core part. Appreciation potential could be high on an older home. The area surrounding Forest Hills is pretty reasonable. 

American Village - Just west of Duke's campus, large 80's-90s era family homes and the area south of campus bordering MLK but before you get to Hope Valley for affordable 2-3 bedroom houses on big lots. There is in-fill building happening all around American village. 

The Lakewood area southeast of campus has gotten expensive but 2 blocks east are some bargains. 

Woodcroft is always a safe bet but many of the houses are a dark/rustic style that is hard to update. 

There are also some cool houses going up in the neighborhood just west of the ball-park on the other side of highway 147 around roxboro/mangum, I see that as an up and coming area due to proximity to downtown. 

Let me know if I can help further!

-Eric

@Garrett White - Just sent you a message to see if I can be of any help.

@Greg Taylor Want to PM me your contact information? Even if this investor doesn't reach out - at least I could add you to my contractor list for future rehabs. Thanks!