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Posts Tagged ‘Selling Homes’

Oil spills and Real Estate
Politics aside, the BP Oil Spill in the Gulf of Mexico is having a ripple effect through the entire economy. Real estate doesn’t exist in a bubble and the mess in the gulf is proof positive of this. You see it all boils down to capital and the allocation of capital and the free flow of capital. Right now and for the foreseeable future, capital will be tied up in areas of than real estate.
Two weeks ago the phone started to ring, in the course of two days, four people inquired about my residential real estate listings here in the Triangle of North Carolina. Sadly, none of these people were interested in buying homes. They were all, leaving everything behind in Florida and starting over; they either wanted to rent or rent to own. Like the dust bowl of the Great Depression all of these people related to me that they were cutting their losses and getting out of the area to protect their health and the health of their children.
Here’s the capital tie up. The real estate market in Florida crashed about four years ago, people were short in the values of their homes, and they owed more than those homes were worth in many instances. The real estate market in the gulf regions of Florida had started to recover on a slow mend back to “normal.” Normal is still a far cry from the boom of five years ago. Realistically capital in real estate was pretty nonexistent; people didn’t have equity to sell their homes, incur moving expenses and purchase new homes, but there was a light at the end of the tunnel. Little did any of us realize that light was a freight train guised as a massive oil spill in the gulf, which let any air left out of an already deflated real estate balloon. When folks feel the need to cut and run and leave everything behind there is going to be a heck of a cost incurred.
Pundits are fast to point out all that’s changed in the Gulf of Mexico and the Gulf States of the US. So, I’ll pundit too; real estate has changed in that region and the effects will ripple across our economy and perhaps a worldwide economy.

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One Year H.S.A. Warranty w/ $100 deductible. This home sited on 2.4 wooded acres sparkles through and through. The rear yard is partially fenced providing a safe play space and who wouldn’t love the low traffic cul de sac. Through out there is fresh paint, freshly cleaned carpets, sun filled living spaces, two huge master suites both up with private baths. Attached to one suite is a large office area. A two tiered deck at the back of the home makes for a great outdoor gathering spot and the sunken living room with masonry fireplace is warm and inviting. Want to see inside, call or text today, 919-608-2372

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Durham NC Open House Saturday June 5th, 2010 from 2 until 4pm
4124 Pin Oak Dr. Durham NC 27707
Come out and see this lovely townhouse with a one car garage.
For additional information phone or text Michael at 919-608-2372 or email MSullivan@fmrealty.com or visit www.TeamMichaelSullivan.com or www.TeamMichaelSullivan.net

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4316 Beechnut Lane Durham NC 27707
Wow! A ranch style, end unit townhouse, right across from the lake, two blocks to the pool and club house and a light bright open and airy interior.
4316 Beechnut Lane has hardwood flooring in the foyer, dining room, hallway and kitchen. The living room with its two story vault has new wall to wall carpeting. The entire townhouse has been recently painted inside and looks really fresh.
The two bedrooms are split affording maximum privacy and the master suite has its own private bath.
4316 Beechnut Lane has a fully fenced rear yard and a lovely patio. As for Five Oaks, the neighborhood offers pool, tennis, a lake, a gym, a yoga studio, Dog Park and many activities. Visit the recreational association at www.FiveOaks.com
To learn more about Five Oaks and all of the wonderful amenities that it has to offer phone or text Michael Sullivan at 919-608-2372, Michael’s email is MSullivan@fmrealty.com

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6515 New Sharon Church Road Rougemont NC 27572
Serenity now! 6515 New Sharon Church Rd. is sited on 8.25 gently rolling acres. This Cape Cod has a new roof and newer heating and air conditioning. The main level of this home has a bedroom and full bath. There are hardwood floors in the foyer, living room and dining area. There is also a gas burning fireplace in the formal living room. Imagine morning coffee in the ceramic tiled sun room looking out onto nature’s splendor.
The second level of this home offers two huge bedrooms and a full bath. The lower level/basement offers a huge family room, or bonus room, or workout room or gym, you name it the space is large and flexible. The basement is daylight walk out and also has a gas burning fireplace and a wood stove along with a proper laundry space.
6515 New Sharon Church Rd. also offers a detached two car garage with a second story that would make a great storage space.
To see inside this great home, call or text Michael Sullivan at 919-608-2372 or you can email him at MSullivan@fmrealty.com
Visit Michael on the web at TeamMichaelSullivan.com or TeamMichaelSullivan.net

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A great guy, a friend of mine and a terrific REALTOR has a house for sale at 212 Brook Lane Durham, NC 27712 and is in the Willowhaven neighborhood.  This place is truly amazing and really deserves talking about.

The home comes in just under 2000 square feet and was built in 1970.  The property is approximately ten minutes from Duke University and Duke Medical Center.  The main level is comprised of a huge formal living room, a dining room that was once formal a large updated kitchen and a generous family room.  Features on this level include, Oak hardwood flooring, Granite counter tops in the kitchen, new cabinets in the kitchen, high end appliances, new lighting fixtures, a ceramic Art Deco backsplash and décor paint colors. 

Out the back of the house is a deck that runs 46 feet long by 15 feet wide and is just waiting for half of it to be made into a screened porch.  The back yard is level and several trees have been removed to open up the space.  Additionally there is a one car, carport. 

The second level is comprised of three bedrooms and a secret room.  There is new carpet in the bedrooms. All of the bedrooms have been updated with new lighting fixtures and an attic space above the carport has been finished as a secret room.  The space although unheated is finished and would make a cool homework room or home office.

The master suite is where this home really shines.  There is a huge ceramic tiled shower, the walls in the bath are Travertine Tile, there is a farmer’s type bath tub, complete with jets and a flat panel television is positioned so one could soak and watch television.  The master bath used to be the fourth bedroom so that gives you an idea of the size of this room.  Additionally all of the bath cabinetry both up and down is of the highest quality and it really shows. 

Systemically the house is completely updated with new heat and air conditioning, a newly renovated sand filter septic system with current permitting and all new windows.   The exterior and interior paint is fresh and the property just sparkles. 

Interested in taking a look?   Call or text me at 919-608-2372 or email me at MSullivan@fmrealty.com 

Interested in Raleigh, Durham real estate, visit www.TeamMichaelSullivan.com

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