Need help with the appropriate value of a house...Realtors or anyone really (Cary: wood floors, sales)

[melijane]

We are currently renting a house and the landlord has aske dif we would be interestedin purchasing the house at the end of our lease. the terms are very good as he is offering to apply 100% of our rent until the end of the lease(October) to the down payment. We think the pricing is a little high compared to what we have seen listed. Obviously we realize that is only half the picture and would be interested to know recent home sales or for a realtor to give us some advice on a fair value.

Details:

.75 wooded acre
2200 sq ft
2 car garage
3 BD
2.5 ba
Built 1989
Zip 27539
Conveient location-considered Apex-just over the Cary border
Reasonably updated-wood floors down, new-ish carpet upstairs, kitchen renovated with corian

Can you help??

[MikeJaquish]

You really need a market value appraisal, even though your lender will make you pay for another one.
It may be the best $350--$400 you could invest.

[StanFischlerHockE]

I would call an appraiser rather then look for answers on citydata. There are to many variables to consider to give an accurate estimate.

[andyselec]

try zillow and wake county tax records

[Beermat]

as a starting point look at the recent sale prices in your neighborhood on the Wake County real estate website. At least you will have a rough oreder of magnitude value for nearby homes in recent months - then get an appraisal.

[J. Trent Hicks]

Hire a reputable realtor immediately to protect yourself and your future finances.

[melijane]

We have thought about getting an appraisal as well. Though we would like to have some idea before dropping $800 between appraisal and inspection. Does anyone have a good reccomendation?

[gibsonlespaul]

Comparables!!! in real estate it's all about what other people have paid recently in the same subdivision/area which reflects current market value. Be careful and get a good lawyer-do not go in it alone!!! A buyer's agent may help too-

[melijane]

Ok just looked at Wake Coounty. Is the approximate value on there correct?

[melijane]

Originally Posted by gibsonlespaul

Comparables!!! in real estate it's all about what other people have paid recently in the same subdivision/area which reflects current market value. Be careful and get a good lawyer-do not go in it alone!!! A buyer's agent may help too-

Its hard in this development-the houses are very varied....well on Zillow anyway