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Old 01-08-2007, 04:19 PM
 
1,025 posts, read 4,085,665 times
Reputation: 662

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This question is for house and condo owners in Georgia only, please.

General location and year of purchase would be helpful, too, if you don't mind.
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Old 01-08-2007, 06:02 PM
 
Location: San Antonio, Texas
233 posts, read 1,224,027 times
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When we bought our house in March of 2004 in Columbus, Ga, we paid 129,000. We sold it July of 2006 for 187,900
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Old 01-09-2007, 08:58 AM
 
Location: NY to FL to ATL
612 posts, read 2,772,289 times
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We bought our home last July for $275,000 in Snellville. Comparable homes in our subdivision (with less land) are for sale anywhere from $365,000 to $420,000. We were very fortunate to find our home when we did.
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Old 01-09-2007, 09:11 AM
 
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I brought my house in the Grayson/Lawrenceville area near Tribble Mill Park in Jan 2006 and paid $243,000. The builder is selling the same house for $271,000.
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Old 01-09-2007, 11:17 AM
 
1,025 posts, read 4,085,665 times
Reputation: 662
Thank you!

I wasn't just being nosey.

This topic was Monday's "Question of the Day" at Wall Street Journal Online.
I thought it would be an interesting topic here as well.

The WSJ poll offered the following options:

A lot more
Slightly more
About the same
Slightly less
A lot less
I don’t own.

I prefer seeing numbers and dates, though.

It's great to see what a wise investment your homes have turned out to be.
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Old 01-14-2007, 12:47 AM
 
Location: Dunwoody, GA
9 posts, read 78,225 times
Reputation: 15
Cool Dunwoody home

Bought my 4 bedroom - 3000 square feet - home in DUNWOODY in 1979 for $80,000. Now it's worth around $350,000....IF I could sell it! LOL It's certainly a buyer's market. When I left Chicago...I sold my house the first day to the first person for my asking price!
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Old 01-14-2007, 08:43 AM
 
Location: Triangle, North Carolina
2,819 posts, read 10,376,169 times
Reputation: 1518
Quote:
Originally Posted by vered4 View Post
Bought my 4 bedroom - 3000 square feet - home in DUNWOODY in 1979 for $80,000. Now it's worth around $350,000....IF I could sell it! LOL It's certainly a buyer's market. When I left Chicago...I sold my house the first day to the first person for my asking price!

That is point on.
You will find appreciation in the Georgia Atlanta are average 4-6% per annum.
The issue is our local zoning boards will not stifle the out of control developers. Pricing is going up, up, up, due to concrete and timber increases.
My home, only 2 years old is now selling base, 41,000 more than I paid with upgrades. Issue, I could not sell if I tried. Neither could anyone else.

The out of control developers are building so much that re-sales are flat.
Good example is we had 3 individuals in my office fall under transfer, one to Florida, one to Chicago, and one to South Carolina. If it was not for our company relo (buy your home program) they would be in for a world of hurt. One employee who resides in Fulton County north sold back to the company offer since after 4 months on the market, he had one person look at the house. Why? there are 6 new developments going up within 2 miles of his house.

My suggestion to all is make sure you take your time if purchasing in the Atlanta metro area. I for one fell into the trap and feel embarrassed as an experienced home buyer. There was a re-sale that I really liked, found a new development with a great lot and pretty extras so I bought the new and passed on the nice re-sale with 1 acre. Today, I wish I bought the re-sale. I guess it's human nature, you go into the models and get all hot and bothered, wrapped up in the moment, ohhh, ahhh, buy! Then the ohh and ahh turns into oh my and ole craap. Why in my case? well when we bought we were told 121 homes in a nice setting. 6 months later zoning approves another 120 homes, 8 months later approves another 65 homes.
So the 121 homes turns into 306 homes. All of course on a 2 lane highway bordering yet new brand new developments coming into the frey.

Sorry for the dissertation. Make sure you take your time and check every and all possibilities.
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