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This site shows many great pieces of information about the Wake County Real Estate market. The numbers show that even during a slow market, Wake County homes rose an average of 4.67% in May 2008 over May 2007. This shows how strong of an appeal Wake County has and how even in times of national trouble, Wake County real estate remains a great investment and the place to be.
This site shows many great pieces of information about the Wake County Real Estate market. The numbers show that even during a slow market, Wake County homes rose an average of 4.67% in May 2008 over May 2007. This shows how strong of an appeal Wake County has and how even in times of national trouble, Wake County real estate remains a great investment and the place to be.
This data also shows a terrific 9% increase in prices in a single month!!! Your home is now worth 10% more than it was last month!!!! Buy now or be priced out forever!!!!
Or, as sls mentioned, learn that these numbers jump around quite a bit and are unreliable indicators of changes in home value since they don't take into account the ever-changing mix of homes that are sold each month.
All the charts can be netted down to the following:
1. If you have to sell get as much as you can!
2. If you don't have to sell, wait for a better selling market!
3. Your home is only worth what a 'buyer' is willing to pay for it, no more no less!
4. If your buying, pay what the house is worth to 'YOU'; not anyone else's estimate!
5. Make sure you know what is a 'want' versus a 'need'. Pay for the needs only!
This data also shows a terrific 9% increase in prices in a single month!!! Your home is now worth 10% more than it was last month!!!! Buy now or be priced out forever!!!!
Of course, anybody that knows anything about numbers and real estate knows you do not go by monthly numbers as they can be affected by the type of homes being sold. We go by yearly numbers to get the average, which show how strong the Wake County market is, even in a slow period. Glad I own and glad I own in Wake County, in particular Cary.
3. Your home is only worth what a 'buyer' is willing to pay for it, no more no less!
4. If your buying, pay what the house is worth to 'YOU'; not anyone else's estimate!
5. Make sure you know what is a 'want' versus a 'need'. Pay for the needs only!
Unless you are paying cash, a home is worth no more than what the mortgage lender's appraiser says it is worth.
And what is wrong with wants? People should understand wants versus needs, but there is nothing wrong with paying for something that is of value to you.
And what is wrong with wants? People should understand wants versus needs, but there is nothing wrong with paying for something that is of value to you.
Well said. I don't know whay so many people are hung up on only buying the absolute minimum to meet ones needs. If you have the means to buy want you would like to have, go for it. Good thing I am around to keep the economy moving.
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