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Here’s how the numbers look February 2017 vs. February 2018 in the Triangle Real Estate Market
 
February 2017 closed sales
2250  closed sales, 57 average days on market, average list price $273,945 average sale price $269,845
 
February 2018 closed sales
2249  closed sales, 30 average days on market, average list price $293,208 average sale price $289,171
 
Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us. Our phone number is 919-493-7633 and email is Michael@TeamMichaelSullivan.com
 
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4103 Beechnut Lane Durham, NC 27707 offered at $170,000

Move in ready! Great Five Oaks locations- 7 miles to Duke, 7 miles to UNC. Walk to shopping and dining. Enjoy the new enhancements being added to Old Chapel Hill Rd.- sidewalks and bike lanes. Walk to two city parks. Walk to pool, lake, gym, club, tennis and dog park. New paint through out. Updated HVAC too. New carpet on main level. Wide slat blinds in most parts of home. Fully fenced rear yard. Two private and designated parking spots. Two spacious bedrooms up. Very flexible first floor floorplan with a living room, dining area and bonus/flex space. Want to learn more or see inside? Call us 919-493-7633 or visit www.TeamMichaelSullivan.com

Here’s how the numbers look March 2017 vs. March 2018 in the Triangle Real Estate Market

March 2017 closed sales

3443  closed sales, 52 average days on market, average list price $279,718 average sale price $276,588

March 2018 closed sales

3314  closed sales, 27 average days on market, average list price $300,698  average sale price $298,001

Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us. Michael@TeamMichaelSullivan.com or 919-493-7633

Do you just love a traditional Cape Cod?  18 Dalton Ct. Durham NC 27705 is just that.  Here you’ll find a home built in 1986 with all of the charm and character of a home built many, many decades earlier.  At the front of the home are a spacious dining room and formal living room which flood with natural light.  The updated kitchen with its bamboo floors, center island, solid surface counter tops and stainless steel appliances is a cook’s delight and just says wow! There is a proper laundry room, a gorgeous family room, a half bath and a master suite, all on the first floor.

Upstairs are two huge bedrooms, each with a dormer and two bonus rooms.  The interior has been freshly painted, the carpets cleaned and the two HVAC systems are newer.

Need a safe play space…the cul de sac lot with fenced rear yard is perfect.  Need more information?  Want to see inside?  Call us at 919-493-7633 or email us at Michael@TeamMichaelSullivan.com

via 4607 Carlton Crossing Dr. offered at $339,900

4607 Carlton Crossing Dr. Durham, NC 27713 is a lovingly cared for home. There are dramatic spaces. Here you’ll find a light and bright interior with high ceilings. A split bedroom design with master suite that says wow offers great function and privacy.  Through out this home one finds fine finishes and moldings. The master suite has a trey ceiling in master and offers a nice retreat and ample space for a lounge.  This home has solar mitigating screens at back and a sun shade for deck. There is a huge unfinished attic with steps ready to use. The gourmet kitchen with built in oven and microwave plus Granite counters and lovely maple cabinets is a cook’s delight.
There is a graciously sized dining room and living room and great outdoor spaces are just steps from the breakfast area and living room. This home also offers an  office that sits at front with nice view and good light. Offered at $339,900.Care to see inside?  Call us today. 919-493-7633 or visit us at www.TeamMichaelSullivan.com 

As property managers we realize and recognize that we walk a fine line between respecting a tenants ‘home’ and right to quiet enjoyment along with our duty to protect our clients property.  One common misconception among new landlords is that the house and property is still their home. It really isn’t; the house is their property but the home belongs to the tenant.

Every four to six weeks we conduct an exterior inspection the properties that we manage and twice yearly we walk through the properties we manage.  Often what we see on the outside triggers action on our part.  If we see trash cans that have been left at the curb we notify the tenants to bring them in. If we see items stored on porches, decking or in yards we notify our tenants and demand compliance.  If we see vehicles lacking tags and plates we notify and demand compliance.  These routine pop by visits also help us keep a handle on who is living in our properties and if they are abiding by our policies and procedures.  We keep an eye out for pets and the tell tail signs that pets leave.

Kitty cats and dogs will often give up a non-compliant owner. Cats sit in windows, dogs bark and leave certain ‘evidence’ that they’ve been in a yard.  People will also give them selves away.  We do not permit smoking or vaping in any of our properties and often smokers will toss cigarette butts in the yard or on the driveway.  All of these actions trigger an inside visit to the home.

Our twice yearly walk through tours in the first and third quarters ensure that the home will be cleaned at least twice a year- hopefully. These face to face meetings with our tenants also allow us to listen to their concerns and voice our concerns to them.  It is often during these visits that we remind tenants that air conditioning filters should be changed every thirty days and that gardens and yards should be kept tidy.

Finally, we’ve noticed a very interesting phenomena with respect to tenant behavior just ahead of our walk through visits.  We’ve noticed that tenants submit many more repair request through our on line property management portal in the ten days preceding our visit to their home. Something about our visit triggers them to request items that may have slipped off their radar screen.  As cumbersome as having additional tasks on our to do list is; the benefit is that small, nagging items can be fixed before they become larger problems and I can live with that.

 

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