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I don't know if this has been covered in another thread, but could you please tell me what price ranges are considered "hot" right now? Thanks so much!
It seems like anything that is around the $150,000 is going fast.
Homes under $300,000 in North Raleigh going fast.
Homes around $300,000 in Cary (I think this has to do with alot of the Fidelity transfers).
I just scheduled some showings for tomorrow in the price range of $200,000 to $225,000. Of the 13 that I had planned to schedule, 5 had sold in the last few days.
Thats what I've been finding but maybe others have found something different? I'd love to know.
I also agree with Vicki.
And I would add, One may "think" with the amount of houses for sale on the market here it is showing signs of being unstable. But every year we seem to see the houses get sold. And I do not think this year will be the exception to that. Not yet...
RescueDogsrule. I will look for that thanks for sharing. Becuase I know we have been high in ranking but now we made it to #1, thanks!
I read an article yesterday online ranking the best real estate markets. Raleigh was rated #1 for its robust market. Steady appreciation and a healthy local economy were among reasons for our top position.
I think it was Money Magazine, but I can't promise that's right.
Awww, thanks guys. Now someone explain to me WHO keeps giving me bad points and keeps saying that I'm "rude" and "mean". I don't mean to be but if you disagree with me, then you should post it and tell me why you think your opinion is correct and I'm wrong instead of just hiding.
Vicki
I can't give anything but positive points so it wasn't me. I do find it interesting that I've received 3 positive points and 2 negative for my contributions on this thread. Vicki, you must really tick people off.
I can't give anything but positive points so it wasn't me. I do find it interesting that I've received 3 positive points and 2 negative for my contributions on this thread. Vicki, you must really tick people off.
It seems that you either love my posts or you hate 'em. Either way...you can count on the 2 facts: that I know real estate and I ALWAYS tell the truth, no sugar coating here. Oh well. Thats life!!!
I found it by going to msn.com and clicking on "real estate" at the top of the msn main page.
By the way, it was a Forbes article, not Money magazine. Oops.
Have a great day!
Isn't there a big difference between selling and buying? Doesn't it take about 4 years to even break even on a home purchase? You pay X amount for closing, so it takes 4 years of your principal mortgage payments to equal what you paid for closing cost (This is not including down payment). If appreciation is flat lined or declining then you will most likely take a loss when you sell in 4 years. If appreciation is up even 1% most likely you will break even. I got taxed $2,200 when I sold my own. Transfer tax what will they think of next. I seen a thread about a 1% transfer tax. 1% of $300k I think is $3k you have to pay when you sell that property. I hope your Realtor tells you this or you will be in a big surprise when you review your selling statement. Imagen sitting at the closing table then bam $3k to taxes.
Do you still need to put 20% down or pay that crazy mortgage insurance? Most people don't even have 20% for a $100,000 home let alone 20% for $200k.
It has been my experience that Realtors would rather chop off their right hand than say housing is in a slump. Who is going to buy a house in a declining area. This is the largest incline in prices in history. Properties values won't go up for ever. Do your homework when you buy and don't trust everyone.
Frankly, I'm surprised that Fidelty transfers are associated with such a low house price point for Cary.
People can get a very nice house in Cary for $300K, especially moving from higher cost areas. A $300K house here would be $600K-$700K in Northern Virginia, for example. Maybe people are looking to improve their quality of life (i.e. mom stays at home instead of working), rather than buy a house for the same price as the one they sold?
I guess I'm in a very small minority - my house here cost less than half of what my previous house sold for (and less than what I paid for it, 5 years ago) and I'm very happy with the decision to stay "modest" and have a small mortgage.
People can get a very nice house in Cary for $300K, especially moving from higher cost areas. A $300K house here would be $600K-$700K in Northern Virginia, for example.
Not sure what moving from a higher cost area has to do with making a Cary home any more valuable, but I think I understand you are comparing areas and pricing.
We look at homes every weekend in Cary and I suppose one man's 'nice $300k home in Cary' is another man's shack. Not really a shack, but you are probably as aware as I am, Cary is an upscale area of the Triangle and no shortage of homes in $550-$1m and upward range.
My point was that unless these are customer service jobs or some such thing with Fidelty, I would be surprised to see a lot of Fidelty transfers buying up $300k homes in Cary.
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