Skip to main content

Do I buy a house in Asheville right now?

So I was under contract for a primary residence in Asheville prior to Helen. The house seems to be okay and the neighborhood does as well. We still need to get a new inspection and such but I’m afraid the market will crash as people start to move out of town or off load their vacation homes. I know we are so lucky given everything, but I don’t want to make a dumb mistake. Should I back out and lose my due diligence and call it a day and wait until we see what happens or go ahead with what I think is a perfect house? Should we try to get a lower price even though we are 15k under asking right now? It’s a new build with a year long builder warranty.

A lot of Asheville is actually okay. No clean running water almost anywhere in the city yet, but it seems like the city will bounce back in a year or two. Surrounding areas not as much

submitted by /u/CollectionQuirky1783
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1g8m3b8/do_i_buy_a_house_in_asheville_right_now/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...