Lake Park

Lake Park subdivision is located in north Raleigh.  It is conveniently located near Crabtree Valley mall, REX Hospital, RDU airport, Research Triangle Park, the RBC center, and 15 minutes from downtown Raleigh.  Lake Park is a medium sized community of homes that were built in the late 70’s and early 80’s.   It has a variety of housing styles including contemporary, traditional, split level, bi-level, cape cod, and ranch styles.  The lots are built on a wooded rolling terrain.  Sidewalks are on every street and several paths lead to Shelley Lake. There are a variety of recreational activities that one can enjoy.  Greenway trails that connect to many parts of the city, rental paddle boats and dock, soccer fields, Sertoma Art center and the playground.  The neighborhood has a swim club with a competitive swim team and activities for the whole family – including adult sand volleyball and tennis.  It’s in a great location for access to shopping, restaurants, movies, 440, 540, I40 and the airport.
Comments from a current resident: I purchased a home in Lake Park for the following reasons:

  • Access to Shelley Lake and the greenbelt trails
  • Generous lot sizes and an abundance of trees
  • Close-in location near shopping and restaurants
  • Affordability

Ready for Your Personal Tour of Lake Park?

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Lake Park

Click here to see all the current homes for sale!

Highland Oaks

The Highland Oaks subdivision in Cary, North Carolina, is located off High House Road near the intersection of SW Maynard Road & High House Rd (between Cary Parkway and Maynard Rd).  Nicely situated within walking distance to Bond Park and Greenway Trails, Maynard Crossings with restaurants, shops, and more!  In addition, Highland Oaks is convenient to RTP and RDU International Airport.

There are approximately 90 Executive-style, single family homes that range in price from the Low $400’s to over $650,000.  The neighborhood was developed from 2005 to 2007 by Pulte Homes.  Homes in Highland Oaks typically include 4-6 bedrooms, 3-6 full baths, fireplaces, bonus rooms, first floor guest suites, and daylight basements.

Ready for Your Personal Tour of Highland Oaks?

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Highland Oaks

Click here to see all the current homes for sale!

Triangle North Carolina Real Estate

Welcome to the Triangle area of North Carolina! Living here is truly like no other experience; not only does the Triangle boast large cities, such as Chapel Hill, Durham, Cary and  Raleigh, but the many small towns, such as Garner, the home of American Idol winner Scotty McCreery, provide the cozy feeling of relaxed, down home living while every amenity, entertainment and business is located only moments from your door. The Triangle, NC region is known nationally as one of the best placed to live. These  qualities make buying Triangle area homes so desirable.

Continue reading “Triangle North Carolina Real Estate”

Creative Land Investments

Tuesday is a special day for the Linda Craft Real Estate Team.  I fondly call it Team Tuesday. It is the day we all pile into our wrapped passenger van and ride around the Triangle area previewing our new listings in the Greater Raleigh, Cary, Wake Forest, Garner, Clayton, Apex and Holly Springs areas.  We sharpen our  Triangle Real Estate market knowledge,  share ideas and information for approxiamtely 3 hours every week.   A think tank of top professionals sharing their best practices.  neighboring Bass lake park pan 2

This past week one of my buyer agents,  JV Lavery, mentioned that prices on large tracks of land had dropped significantly and what a great time it was to buy land and hold it. He is so right but, I don’t know many developers  with $500,000 to a million dollars cash in the bank to buy land in these tight economical times. We all know land has always been a great investment and everyone I know is looking for something to buy cheap and hold onto for high profits later so we started brainstorming who could buy this well priced land.

Here Are Some Ideas On How To Buy Land:

1.   A group of individuals could buy the land to use as a hunt club. For the price of a yearly membership they could own acreage together. Use it to hunt now and hold it for a later sale when the value increases. Now that is a great real estate investment with no risk.

2.  A church could buy land now to hold for a future church plant

3.  A group of individuals could buy land to hold for future development or to sell when the next housing boom hits

4.  A family could buy land and put it into a family trust which would benefit their children

What are some other ideas you may have?  If you are interested in finding out about the best tracts of land for sale in the Greater Raleigh area please contact my team, JV Lavery or myself.  We would love the opportunity to work with you.

Have a great weekend,

Linda

Raleigh Luxury Real Estate Market is Down 15% to 20%

Just before Thanksgiving I met with 11 of the Top Real Estate Agents in the greater Raleigh area. We are all members of the Triangle Area Luxury Home Marketing Group. This group represents several real estate offices throughout the Wake County area. We meet once a month to tour each others homes for sale that are priced $750,000 and up. I have been a member of the group since it began in Raleigh back in 2004 and we always share what we are seeing in the market place.   luxury home

What is Happening With Luxury Homes Here in Raleigh?

This past meeting I asked everyone what percent they believe real estate values have fallen in the Raleigh, Cary, Apex and Triangle area. We all agreed prices have dropped 15% to 20% in the upper end and at least 10% drop in other price ranges. This is so much better than other areas of our country but, still very painful to folks who need to sell now. 28% of American home owners are under water and that number is expected to be in the 45% by the end of 2010.

If you know of anyone who needs to sell and finds themselves in this negative situation have them call me or visit my web site to learn about some of the solutions available. Several years ago we all believed Raleigh homeowners would be mostly bullet proof when it came to declining real estate values.   Now we know different. Ouch it really hurts!

Raleigh Home Sellers Are Going Beyond Staging

One thing I get asked alot by home sellers in my listing appointments is what they need to do to get their home sold.  Many people know to go ahead and pack away unneeded items, repaint the walls into neutral colors and others hire a professional home stagerStaging has been the huge buzzword with Raleigh Home Sellers ever since HGTV hit the air waves. staged kitchenTriangle Real Estate Agents  know that to get a home sold in a Buyers Market that a well-staged home has to be the rule rather than the exception. When you hear the word staging our minds image decluttering and furniture placement. However, with 10 houses for every one Raleigh home buyer that is not enough. “Refreshing” is the new trend for home selling success. Continue reading “Raleigh Home Sellers Are Going Beyond Staging”

What is up with Raleigh Real Estate?

Over the last several months many people have asked me if home sales have been picking up for the Raleigh real estate market.   While we have seen an increase in appointments scheduled to view our current inventory of  Triangle area homes for sale, we have not seen them turn into equal sales.  Home sales around the Raleigh region are still very sluggish and the luxury market  has been hit the hardest.  what is up

The Biggest Real Estate Problem We Have in the Raleigh Region

is that we are not seeing many move up buyers. This is causing many sellers to compete for a sold sign and has driven home prices down. The listing inventory of homes for sale is still high and many sellers have reduced their home prices several times and still are not sold. The average home list price to sales price is  96% if sold in the first 30 days and 89% if price reductions occur. With declining home values, low interest rates and tax credits you would think real estate here in the Greater Raleigh area would be booming but, it isn’t. Everyone is busy showing a lot of houses but, the truth is Triangle real estate home sales are still lower in 2009 than they were in 2008.  

Let’s Look At Some Contributing Housing Market Factors

1.  First Time Home Buyer and Tax Credit   Continue reading “What is up with Raleigh Real Estate?”

Home Sellers in this Economy Needs Tough Love

truth-loveEvery day in the Raleigh  area I meet with perspective home sellers.  However, in the current real estate market I find myself practicing “tough love” and being more of a counselor and consultant. I try to educate my home sellers to make sure they have realistic expectations so they do not end up with regrets in the end. Many times during the initial consultation I talk sellers out of putting their homes on the market and encourage them to wait until a better time. I show Raleigh area sellers the absorption rates for their location, age, square feet, architectural style, features and price range. I explain experimenting just to see what happens in a buyers market is another real estate listing about to fail.

Continue reading “Home Sellers in this Economy Needs Tough Love”