2007 built, 2500 sq. ft. foreclosure in Apex priced at $224,900. Price was reduced today by $30K, call me @ 919.208.8368.
To get on the list to be notified directly when these come up email me scott@changingstreets.com

This five bedroom, four bath Raleigh estate home for sale is priced at $599,900 and will be available for showings beginning 06/04/10 It is on .96 acre cul de sac, wooded lot, 3 car garage, no city taxes and more.
Located at 605 Downpatrick Lane, Raleigh, Shannon Woods subdivision
The luxury home market in Raleigh has been far from immune to the recent housing issues, and in my opinion are at the center of it right now. There will always be a market in Raleigh to absorb the $100,000 - $300,000 foreclosures on the market that is not an issue and the inventory of those homes has never gotten obnoxious.
Where I want to focus today is on the higher end homes, there is still a vibrant market for these just perhaps a little more discriminating and analytical. The $900,000-$1,500,000 home market in the Raleigh Area will always do well, there is just to much going on with the local economy. And with the market starting to see positive price and unit increases, if you ever wanted that type of home, now is the time.
Raleigh Luxury Foreclosures for Sale (this also includes Raleigh Short Sales)
Check them out, for more on this topic go to Raleigh.ChangingStreet.com/Blog.

Stephen Scott Hoyt, is a broker with offices in Michigan, North Carolina and Maui, his team has closed over 4,000 transactions for well over a quarter of billion in sales. He is also Short Sale and Foreclosure certified, in addition to assisting many homebuyers and sellers his clients include many national banks. Scott@ChangingStreets.com
Even with the huge surge in business due to the end of the tax credit there remain some very strong deals in the Raleigh REO space.
There are currently 200 active Raleigh area foreclosed properties on the market ranging in price from $30,900 to $2,699,000. The average foreclosure in Raleigh is 2371 sq ft 3 bedrooms, 3 baths and is priced at under $100 a sq ft.
Search all Raleigh foreclosed properties for sale with no sign in required here.
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The first time buyer tax credit has 16 days remaining! You must be under contract by April 30, 2010 and close by the end of June to qualify. If you have been thinking about it or wondering about it, or busy with other things, now is the time to act.
The best part is timing could not be better:
There are great deals on the market in, (Condos for less than rent plus the tax credit)
Many great Single Family Detached homes for fantastic prices (here are over 100 Raleigh homes listed between $100,000- $125,000)
All things (sales levels, inventory levels, number of showings, average sales prices) indicate we are probably at the bottom on pricing.
Mortgage rates are still great.
Someone could buy a townhouse for $100k, (here are 77 townhouses listed between 90,000-110,000) have a payment in the $800 range including taxes and insurance and get $8,000 tax credit, that would mean they live rent/mortgage payment free for 10 months not including next years deduction of interest on taxes. Not bad. Plenty of money to make your new place feel like home!
Take advantage of this tax credit, $8,000 in after tax money is great! We can help you get a mortgage approval, show you homes and make this happen if you want it to, goto www.ChangingStreets.com or call 919.747.4360. We work around your schedule.
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