Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Although I am not a realtor, I have been watching the market. I can definitely agree with the homes in the $150K range. Everything that is good is under contract in a day. It is a seller's market in that range for sure. The fact that inventory is low plays a big part as well. Supply and demand. Good news for sellers
I refinanced last year and my appraisal came in $5k less than what I paid in 2009 - despite putting a lot of $ into it. I have a new roof, new HVAC unit, remodeled kitchen with tile floor, one remodeled bathroom out of two, and new paint and crown molding in main bedroom. And my appraisal still came in low.
I pointed all this out to the appraiser too, but at the end of the day all she did was look at the comps in the area and go by that. Which makes me wonder why she even bothered to see the house in the first place, but that's another story..
The simple answer is you paid too much in 2009.
Also, just because you put money in a home doesn't mean you will get it back, despite what you see on HGTV.
"It’s becoming more and more common for houses to be snapped up by buyers days or even hours after they’ve been put on the market..."
For buyers, the market’s fast pace can often be stressful and make it difficult to snag their dream home. Buyers from the Upstate often understand how quickly houses can go when they’re put on the market, but out-of-town buyers “might have to lose a house or two before they realize the market they’re in,” Smith said.
Can attest. Co-worker put his house on the market last Thursday. Got a showing that night + an offer and a few thousand extra at closing. Then got 5 more showings on Friday and more on Saturday.
House is now under contract for full price + extra.
Yep. Just about three months ago I had an agent tell me I could probably get 107 for mine. Now with the market the way it is, she said I could get 130 easy. Ridiculous.
Dare I say that despite the crazy development near downtown they aren't building big enough or fast enough? The density is what kills me. Why are they still building single family homes in the areas surrounding downtown? Why are all of the apartment and condo buildings limited to 5 stories? If I were a developer and had land close to downtown I would just build it higher. We need some 20+ story buildings to begin to satisfy demand.
Moderator cut: link removed, please read our terms of service and wait with link/recommendations until you have at least 10 posts
I remember reading recently about the city management having a meeting to figure out what to do about the fact that downtown is running out of land. Well duh. I guess we will bulldoze the newly built homes in 5 years and rebuilt it the way it should have been done to begin with.
Our neighbor sold their house in 1 day, full offer in NOrthcliff in TR.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
