Raleigh area house's appreciate alot in two years!

[ctgator]

Originally Posted by scottinmass

I have been looking on Realtor.com at houses in the 400-500k range and then check the Wake county records on what they were purchased for and compare that to what they are asking now. Many house's that were built new in 04 ,now are asking $125k more than they paid for them. I also check the tax bills for these and they have been appraised for less than what they bought them for. Does this seem correct? If they are asking 500k for a house that they paid $375k for 2 yr's ago, What should we offer them? I know it's what the market will bear, but these are not houses that were just upgraded, they were built with all the nice stuff to begin with. Would it just be better to have one built instead of buying one of these newer used houses?

Thanks, Scott

Scott -

Do you happen to have the link for the Wake County records website?

Thanks for your help!!

[shaylahc]

Originally Posted by ctgator

Scott -

Do you happen to have the link for the Wake County records website?

Thanks for your help!!

It's www dot co dot wake dot nc dot us

Looks like the link is now www dot wakegov dot com

[scottinmass]

Prices are going up in Raleigh area and need to move within a year. I heard from my Realtor friend here and she said prices in our area were appreciating 6% yearly. That is Sturbridge,Ma. area. Hope she is right when we sell next spring....