Fayetteville NC real estate markets, like many other real estate markets in the United States, is experiencing a “buyer’s market.” A “buyer’s market” is when there are more homes on the market than those buying the homes. During a buyer’s market, those who wish to purchase a home can usually do so at much less than they can during a seller’s market.
Those looking for a nice country home under $75,000 can easily find what they are seeking in the Fayetteville NC real estate market. There are many lovely homes in excellent locations that fall between the $50,000 to $75,000 range. Many of these home owners will take much less than the asking price as there are over 250 homes in the Fayetteville area for sale within this price range.
A charming brick home in the Heritage subdivision in Fayetteville can be purchased for $75,000. This is the asking price and the seller will generally take less. The home I looked at was perfect for a family. It had three bedrooms, one and a half baths and had nearly 1300 square feet. It also had a very large lot that was surrounded by trees.
Unlike some of the investment homes that had much lower asking prices, the home I admired was fully updated with new windows and appliances. It had natural gas heating and central air. Although there was carpet in many of the rooms, hardwood floor lurked underneath the carpet and would not be difficult to expose and treat.
Even if I paid the full asking price of $75,000, with a down payment of $15,000, my mortgage would only be $360 per month. A pittance compared to what is generally paid in mortgage payments throughout the country. And that’s if I paid full asking price. If I managed to get the home at $60,000, which is quite probable as it has been on the market since July, I would only have to put $12,000 down and have a mortgage payment of only $288 per month.
Another charming brick home that caught my eye was in the Holly area. This had three bedrooms and one bath and 1300 square feet. I liked the location better in the Holly area home than the other as it had more trees surrounding the property and was quite nice. This home was a foreclosure and was listed at $52,000. If I paid full price, which is unlikely in a foreclosure property, I could put down $10,500 and have monthly payments of only $252.
If I got the home at $45,000, which is still high considering this is a foreclosure, I could have monthly payments that were a little over $200 a month!
Those who are looking for country living with warm, Southern hospitality, need not look any further than Fayetteville, North Carolina. Here you can find virtually any type of property that you want at a price much more affordable than most areas, especially in the North.
Fayetteville, NC real estate offers everything from single family investment properties for less than $10,000 to large estates at over $1 million dollars. Horse farms, old plantation properties, historical homes and cottages are all part of Fayetteville, NC real estate. Whatever your need in a single family home, the Fayetteville, NC real estate market has what you want. If you are thinking of relocating to the beautiful south, check out the Fayetteville, NC real estate market.
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