Hue Condo Update Part II

Friday, 15 January 2010 18:27

Triangle Real Estate Market News

The Hue is now writing contracts as of last week.  Just got notice today that they are getting very aggressive to hit their numbers and are paying all closing costs for buyers plus a fridge, washer & dryer - from email below:

Effective immediately, Hue is paying the following buyer's nonrecurring closing costs:

Property Tax Proration thru June 30, 2010
2 months of Home Owner Association fees
HOA Move-in fee
Lender and other fees as follows:
Commitment fee
Appraisal & Credit Report
Flood Certification
Title Insurance
Legal Fees
Recording/Transfer Fees
Stamp/Revenue Taxes

They are also promoting the first time home buyer tax credit - which could be another $8,000.  I'd be cautious on this - as you have to close on the unit by June 30th, 2010 - and with some many pieces to fall in place, this might not happen in time...but it could be another real sweetener.

If you have any questions about Hue, just give me a call at 919-669-7993 or send me a note.