What you should do before buying a home on a lease option?

• Get a title report. That should tell the buyer whether the seller can deliver the title when the time comes and what the outstanding liens are. If there are extensive tax or mechanic’s liens on the house, that could be a red flag.
• Get an appraisal. This will ensure that the house is worth the agreed-to price.
• Get an inspection. If the foundation is cracked or the furnace needs replacement, you’ll want to know that before you sign a contract.
• Seek legal help. You should approach it like you are buying a home; a real estate attorney can help you avoid any contract missteps.

From CNN Reports

These custom built townhomes now offer pre-construction incentives on the first building of 4 residences.  There will be only 20 residences in total when The Tradition of Old Town is completed.

Unit 15 – Hedgerow Cottage – $1,270,000 – less 220k = $1,050,000
Unit 16 – Willow Cottage – $1,143,000 – less 193k = $950,000
Unit 17 – Dove Cottage – $1,165,000 – less 200k = $965,000
Unit 18 – Twin Pines Cottage – $1,180,000 – less 210k = $970,000

Our town homes range in size from 3,100 to 5,200 square feet with finished living space above a detached 2-car garage. Each residence is custom designed and constructed for maintenance-free cottage living. Membership to the exclusive Pinehurst Resort & Country Club is included giving each homeowner access to six golf courses including Donald Ross’ famed Number 2. As a member of Pinehurst, homeowners will enjoy privileges at the Pinehurst Golf Academy, the Spa, The Marina, Member Pools, Tennis, Croquet & Lawn Bowling and Private Dinning overlooking Donald Ross’ legendary Pinehurst Number 2.

For more information contact Bill Sahadi of Fore Properties at 910 638-0888 or Michael Doninger, Developer/Broker at 919 280-3086.  Be sure to peruse our state of the art web site to view floor plans, DVD’s & architectural drawings at www.thetraditionofoldtown.com.

The Tradition of Old Town Pinehurst

Twenty new luxurious, maintenance-free residences nestled in the midst of historic Old Town, each with a membership to the exclusive Pinehurst Country Club.

The Tradition of Old Town Pinehurst

Fore Properties Realty Inc., a member of Leading Real Estate Companies of the World® is proud to announce the addition of Mike Doninger to their broker sales team, and Fore Properties affiliation with the marketing of The Tradition of Old Town, Pinehurst’s new upscale luxury townhouse community.

Doninger, in tandem with Wayne Haddock of Pinehurst Homes, Inc. is developing The Tradition of Old Town, a unique and upscale 20 town home project. Ground breaking ceremonies were held on Oct. 23rd and the grand opening the Design Center showroom was held this past Thursday evening.

Wayne Haddock of Pinehurst Homes, Inc. was carefully selected as the builder for The Tradition of Old Town. Pinehurst Homes, Inc. is the only builder honored with 11 straight Home builder awards, including 15 awards for Home of the Year from the Moore County Home Builders Association.
“My home is in the Village of Pinehurst. The preservation of the Village is a top priority of mine. I have restored numerous homes in the Village and take great pride in the final product. The Tradition of Old Town is a town home project consisting of 20 individual units. Each unit was designed featuring a historical home in the Village. I am extremely proud to be associated with a development group whose intent is to maintain the architectural ambiance of Pinehurst. They are committed to deliver a well built, upper end product that we can all be proud of. This is a great start for the New Core Historical District that will set precedence. I am proud to be a part of it. The permit that was pulled for this project is the 25th for Pinehurst Homes, Inc. in the historic district. We are very proud of this distinction” says Haddock

“The Tradition of Old Town will be a world class community in a world class Village honoring the history and spirit of Pinehurst and ushering in another page to the town’s storied history. Mike is doing everything possible to honor that tradition and will be a very familiar presence on site, shepherding the property to its completion.” Bill Sahadi, owner/broker of Fore Properties adds.

Mike Doninger enthusiastically speaks about his project. “The Tradition of Old Town is the culmination of a dream of mine to combine my love of golf with my chosen professions of real estate and land development. I have a deep respect and appreciation for Pinehurst’s rich history and reputation as one of the world’s foremost golf Meccas.

There are only twenty town homes being offered and all come with a membership to the Pinehurst Country Club. This membership includes access to six Pinehurst golf courses, including world famous Pinehurst No. 2. In addition, Pinehurst Country Club members enjoy access to tennis, lawn sports, dining, social activities, pools, beach club and spa facilities.

Some of the features of these 20 custom residences, which range from 3100 – 3700 sq. feet, include state of the art appliances, bathroom & kitchen fixtures, European tile, granite surfaces, hardwood flooring, two car garages with optional buildable space above for home/office, recreation room or live-in help purposes. “Although these homes come with every conceivable option we will work closely with our future owners to further customize any facets of the homes they choose, comments Cindy Baker, Allied Member, ASID, and owner of CJ Designs located in the Historic district of Fayetteville.

“On a long term basis, and in conjunction with future planning, The Tradition of Old Town will continue to capture and preserve the feeling that Pinehurst evokes. That will never change.” comments Sahadi.

For more information about The Tradition of Old Town, please contact Mike Donninger at 919 280-3086 or Bill Sahadi at 910 638-0888.