Deaton Investment Real Estate & The Wake County Apartment Association

Wednesday, September 22, 2010

Front-Yard Parking a HOT Topic in Raleigh

An ordinance was proposed to the Raleigh City Council last year to further restrict parking in a residential front-yard. The topic has become a hot political issue that is not necessarily divided down party lines. If you own real estate in Raleigh and are not aware of this, read here to learn more.

Wednesday, September 15, 2010

Foreclosures are GROWING

Thought there were already a lot of foreclosures on the market...wait until next year. For the first eight months of 2010, the foreclosure rate is 14% higher than this same point last year. That means lenders will be taking these properties to the market to re-sell them at some point soon.

Thursday, September 2, 2010

Are "DEALS" finally making their way to the market

By our calculations and criteria (how much money we made this year vs. last) we are at 2 years and counting in this recession. Many sellers during this time have chosen to "hang on until things get better." This created a scenario where a limited number of properties were selling because buyers are not willing to pay a premium in this environment. So, it has been hard to tell how much prices have really fallen because there haven't been a lot of motivated buyers AND sellers to set the market.

However, things may be changing. Take a look at this recent N&O article. These comments suggest many sellers, particularly banks, have decided it's best to go ahead and sell their properties. More and more people are beginning to believe that this "downturn" may just be the "norm" for a while. This is creating an opportunity for buyers who have cash and are ready to pull the trigger on a "DEAL."