As more and more people move to the Triangle, the real estate market is as competitive as its ever been.
AND THE SUN PEEKING THROUGH AFTER STORMS JUST PASSED THROUGH. >>> THE TRIANGLE’S RED HOT REAL ESTATE MARKET IS FORCING BUYERS TO BRING BIG MONEY TO THE TABLE. THEY’RE BRINGING 10s EVER THOUSANDS OF DUE DILIGENCE CASH. >> SOME ARE EVEN BUYING SIGHT UNSEEN. EVEN 1 MILLION OVER ASKING PRICE. WRAL’S MATT TALHELM FOUND OUT WHAT IT TAKES TO GET YOUR DREAM HOME. >> REAL ESTATE EXPERTS ARE CALLING THE TRIANGLE ONE OF THE FASTEST-GROWING, HOTTEST HOUSING MARKETS IN THE COUNTRY. AND THAT’S PUMPING UP PRICES. >> HIGHEST ASKING I’VE GOTTEN OVER LISTING IS $102,000 OVER. >> $72,000. >> JENNIFER GOT THAT MILLION OVER OFFER FROM THE FIRST BUY ARE WHO WALKED IN THE DOOR THE DAY IT WENT ON THE MARKET. >> A LOT OF HOUSES ARE GOING BEFORE THEY HIT THE MARKET. WHERE A BUYER IS APPROACHING THE SELLER AND SAYING, YOU NAME YOUR TERMS. >> Reporter: A NEW ANALYSIS FROM ZILLOW FINDS 1.5% SOLD FOR 30% OR MORE OVER ASKING LAST MONTH. THAT TRIPLED FROM THE FIRST QUARTER. >> PEOPLE COMING FROM OUT OF STATE, WHO ARE ABLE TO PAY THAT $100,000, $150,000 OVER ASKING WITH NO PROBLEM. >> Reporter: BUT COMPARE THE TRIANGLE TO THE HOTTEST MARKET. SAN FRANCISCO TOPS THAT LIST WITH 7.4% OF SALES SOARING 30% OVER LISTING PRICE. BUFFALO AND AUSTIN ROUND OUT THE TOP 3. >> IT STILL IS MORE AFFORDABLE THAN A LOT OF MAJOR MARKETS IN THE COUNTRY. AND IT PROVIDES A LOT OF IN- DEMAND AMENITIES THAT PEOPLE ARE LOOKING AT NOW. >> THESE ARE CUSTOM MADE MAHOGANY DOORS. >> BROKER KIMBERLY COOK COOKED UP A RECIPE. >> THE RECIPE IS THE DUE DILIGENCE FEE. WHICH IS A NONREFUNDABLE FEE. YOU WRITE THAT CHECK TO THE SELLER AND THEY CASH IT IMMEDIATELY. >> BUYING A DREAM HOME IS STILL WITHIN REACH. BUT NOT FOR THE WARY. >> YOU NEED TO HAVE PATIENCE IN THIS MARKET. STAY DETERMINED. HAVE HOPE, BUT ALSO REALIZE YOUR DREAMS WILL BE CRUSHED A FEW DIMES. >> I ASKED THE REALTORS IS THERE A SLOWDOWN IN SITE? AND EVERY SINGLE ONE SAID, NOT
