Hey guys! I've lived in Raleigh for about 2 years and my mother and I have just signed the contract to purchase a home in Raleigh at 407K. The house was in the 370-390 range for asking(i'm masking this for anonyminity) but my mother fell in love with it, there with multiple other offers, so we went in aggressively + wrote the sappy letter + did the due diligence fee (NC specific thing if you're unsure of what this is).
The house is kind of small - 1485 square feet, but has a couple things that are nice. It has a nice pool, a decently large outside deck, solar power, and a tesla power battery bank. It has 0.69 acres of land and no HOA so we're going to put a fence around the back of the property to make it more livable and safe for our dog. The neighorhood is very calm and quiet, it is relatively close to the highway to get to downtown Raleigh but doesn't have sound of traffic due to being on a long cul de sac type road and further embedded in it. The house has 3 beds 2 bathrooms.. The inside is in good condition but the kitchen is a little small. I thought about posting the link to Zillow but I don't want to be doxxed or be dangerous - but maybe that's me overthinking it.
I wanted some outside POVs on the overall house. I'm thinking because of the land - 0.69 acres, and Raleigh behind a very hot market and no HOA, that this was a really solid investment and it is likely to further go up in value and certainly retain value.
Thoughts?
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source https://www.reddit.com/r/RealEstate/comments/1cbrlju/howd_we_do_raleigh_3_bed_2_bath_407k_069_acres_of/
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