YOU
YOU KNOW,
YOU KNOW, BUYING A HOUSE THAT CAN BE A DAUNTING TASK WHETHER IT'S YOUR
FIRST TIME OR EVEN THIRD OR
FOURTH TIME BUT BUYING A
HISTORIC PROPERTY THAT COMES >>
WITH A UNIQUE SET OF CHALLENGES
IN OUR AREA >> HAS A LOT OF
THOSE.
SO I DECIDED TO GET SOME
PROFESSIONAL INSIGHT ON THIS AS
PART OF MY CHAT WITH TRY AND
REALTOR MELISSA GREER.
HI MELISSA.
THANKS FOR BEING WITH US TODAY.
ALL RIGHT.
YOU AND I TALKED ABOUT THIS AND
I DIDN'T REALIZE THAT THERE'S
SUCH A BIG DIFFERENCE WHEN
YOU'RE BUYING IN A HISTORIC
HOME AS OPPOSED TO A REGULAR
PALCE WHAT'S THE DIFFERENCE IN
THAT PROCESS?
WELL, THERE'S A LOT OF
SIGNIFICANT >> TO THE STORY.
IT HAS A NARRATIVE IN THERE
DIFFERENT LEVELS OF IF IT'S A
LANDMARK PROPERTY YOU GET SOME
TAX BENEFIT BUT IT REALLY IS A
DIFFERENT IT'S REALLY I LOVE
HISTORIC HOMES AND I LOVE THIS
STORY.
THEY TELL THEY ALWAYS HAVE A
NARRATIVE AND SOME OF THEM ARE
EVEN NAMED AND GET BY THAT IS
THE ADDRESS.
SO IS THIS THE CASE >> OF IT'S
WORTH WHAT SOMEONE WILL PAY FOR
IT KIND OF THING BECAUSE SOME
PEOPLE SENTIMENTAL YOU KNOW,
THEY MAY HAVE A TIE TO THIS
PARTICULAR PROPERTY OR THE
PERSON OR WHATEVER?
WELL, I THINK >> IT IS I THINK
SOMEONE WHO VALUES STORE
HISTORICAL FEATURES AND A STORY
AND KNOWING THAT LEVEL OF A
SPECIAL YOU KNOW, MEANING IS
GOING TO PAY MORE FOR IT AND
OBVIOUSLY SOMEONE THAT COULD
CARE LESS THE VALUE IS GOING TO
BE EXACTLY THE SAME.
SO BUT THE ONE THING ABOUT
HISTORICAL HOMES THAT THEY'RE
BUILT WITH INCREDIBLE MATERIALS
,THEY SURVIVED THE TEST OF
TIME.
SO THAT'S THAT'S THE THING IS
IF YOU LIKE QUALITY THEN THAT
ALMOST GOES HAND IN HAND >>.
NOW I WOULD THINK THE
INSPECTION IS EXTREMELY
IMPORTANT THE HISTORIC PALCE
JUST BECAUSE SOMETIMES WIRING
IN THAT TYPE OF THING TALK
ABOUT A LOT OF THESE HOMES IF
THEY WERE BUILT IN THE EARLY
19TH HUNDREDS HAVE HAD TO
UNDERGONE RENOVATION EVEN IN
THE YEARS IT MAY NOT BE PERFECT
BUT THINGS LIKE KNOB AND TUBE
WIRING, THINGS LIKE ANY AND YOU
KNOW, ISSUES AS FAR AS YOU KNOW
THE WAY THEY DID THINGS BEFORE
YOU'D WANT TO HAVE A REALLY
THOROUGH HOME INSPECTOR,
POSSIBLY A STRUCTURAL ENGINEER.
THE DESIGNS REALLY ARE NOT AS
SCARY AS PEOPLE WOULD SAY.
>> MELISSA, THANKS.
THIS IS AWESOME.
WE DO HAVE A LOT OF THOSE TYPE
HOUSES AROUND OUR AREA >>.
THE KEY WITH THE OLDER HOME
SOMETIMES IS THAT THE QUALITY
IN CRAFTSMANSHIP AND THE SOLID
WOOD THIS, THAT AND THE OTHER
YOU CAN'T GET ANY MORE EVEN
THEIR HARDWOOD FLOORS.
YOU CAN'T BUY HARDWOODS LIKE
THAT ANYMORE.
SO SOMETIMES THAT COST IS GOOD
AND SOMETIMES YOU KNOW IT'S A
IT'S A DOWNSIDE BECAUSE YOU
HAVE TO REFURBISH A LOT TOO.
SO YOU HAVE TO UNDERSTAND THE
CHALLENGES.
THOSE HOMES WERE BEAUTIFUL, BY
THE WAY.
ABSOLUTELY GORGEOUS.
AND I THINK IF YOU ARE GOING TO
LIVE IN A DISTRICT LIKE THAT,
YOU REALLY HAVE TO WANT TO BE
THERE AND HAVE THAT PASSION TO
KEEP UP WITH ALL THOSE UPDATES.
I PERSONALLY DON'T THINK I
WOULD WANT THAT STRESS BUT
BEAUTIFUL FOR THOSE WHO EITHER
I'VE ALWAYS WANTED TO BUY A
HISTORICAL HOME MY GRANDPARENTS
HAVE BEEN ONE FOR THE LONGEST
TIME IN MOUNT AIRY AND THEN
AFTER THEY PASSED ON TWO GUYS
CAME IN AND THEY RENOVATED IT
BACK TO ITS ORIGINAL FORM.
SO ALL OF THE ROOMS ARE BACK TO
THE ORIGINAL LAYOUT AND THEY
EVEN HAVE TIES TO THE YEAR THAT
IT WAS BUILT AND MODELED.
SO IT'S REALLY BEAUTIFUL AND I
JUST THINK THAT WOULD BE SUCH A
FUN PROJECT TO BE ABLE TO
RESTORE OUR HOME TO ITS FORMER
GLORY.
AND IF YOU LOOK PURCHASE ONE OF
THESE HISTORIC HOMES LIKE WE
JUST SHOWED, I WOULD IMAGINE
IT'S EVEN MORE DIFFICULT TO
PURCHASE NOW DURING THE
PANDEMIC BECAUSE YOU KNOW, THE
HOUSING MARKET HAS BEEN SO JUST
ONTH I DON'T EVEN KNOW WHAT THE
PREDICTABLE PROPER SELLERS BUT
IT'S A SELLER'S MARKET >>.
THERE WE GO, MATECUMBE SAVE THE
DAY.
AND IN FACT I TALKED WITH
MOLLERUS A LITTLE BIT ABOUT
THAT AND SHE HAD SAID THAT
GREENSBORO IN THE TRIAD IS NOT
USED TO THIS TYPE OF EXPLOSION
OF PRICES WHERE NOW THEY HAVE
BIDDING WARS.
YOU PUT YOUR ASKING PRICE OUT
AND PEOPLE ARE BIDDING ABOVE
THAT.
AND SHE SAID SHE HAS SEEN HOME
VALUES GO UP TWENTY TO EIGHTY
THOUSAND DOLLARS IN THREE
MONTHS, THREE TO SIX MONTHS.
SO THAT JUST MAKES ME NERVOUS.
YEAH, YEAH.
IF YOU'RE BUYING RIGHT NOW AND
THIS IS NOT JUST HERE THIS IS
KIND OF A NATIONWIDE THING BUT
THERE'S ALWAYS GOING TO BE
THERE'S A BUBBLE FOR THAT
RIGHT.
IT CAN BURST AND THEN THE
PRICES WILL DROP.
BUT SHE THINKS THAT GREENSBORO
SHE WAS IN GREENSBORO IN
PARTICULAR BECAUSE THAT'S WHERE
SHE WORKS WILL HOLD THEIR
VALUE.
IT'LL DROP A LITTLE BUT THEY'LL
HOLD THE VALUE WHICH IS GOOD
FOR PEOPLE THAT ALREADY OWN
PROPERTIES BECAUSE YOUR VALUE
WILL GO UP BY A PERCENTAGE THAT
IT NORMALLY DOESN'T GET INSIDE
INFORMATION VERY HELPFUL
INFORMATION FOR THOSE WHO MIGHT
BE LOOKING TO BUY A HOME I
BELIEVE BE READY TO PAY.
I WAS LOOKING TO BUY A HOUSE
LAST YEAR, MAN.
I'M TELLING YOU EVERY TIME I
BUY SOMETHING ON A WEBSITE I
PUT A CALL TO A REALTOR AND
THEY TELL YOU OH THAT'S ALREADY
GONE.
IT'S BEEN SOLD AFTER LIKE THREE
OR FOUR ATTEMPTS AFTER ABOUT
THREE OR FOUR WEEKS EXCUSE ME I
WAS JUST LIKE KNOW I'M JUST
TAKING MY APARTMENT LIKE I
DON'T HAVE BELEIVE IS