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Updated almost 6 years ago on . Most recent reply

User Stats

23
Posts
2
Votes
Matt Dubois
  • Greensboro, NC
2
Votes |
23
Posts

Canton Personal Residence/House Hack

Matt Dubois
  • Greensboro, NC
Posted

What's the market trend in Canton right now?  I'm looking for a personal residence that I can house hack - preferrably a 3br/2ba or one that has space I can upgrade to a 3br/2ba.  Prices to me seem to be a little high, yet I keep hearing that the market is slowing.  I'm not necessarily one for "timing the market" but at the same time I'm not in a huge rush and wondering if I should tough it out for another 3-6 months.

Today I looked at a potential property, it's a short sale, was purchased in 2007 for $275,000, currently asking $240,000.

A couple weeks ago I put in an offer (they barely countered, basically said nope.) on a 2br/1ba with no central air but plenty of room to make it a 3br/3ba (and a parking pad!) for $255,000 (seller pay closing) on a $265,000 asking price house.  I know I came in kind of low; they bought it in 2014 for $242,000.  Am I way off?  

It just seems to me that the sellers are still wanting too much for what seems to me to be a slowing area...  

  • Matt Dubois
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