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I bought my house 7 years ago at $120,000 in rural Eastern Ontario. My neighbor just sold a 2 bed, 2 bath for $379,000 (mine is 3 bed, 2 bath). Over the last year, I'm noticing in our town that houses we almost bought instead of the one we did (all around $120-150 at the time) have been selling in the last year for no less than $300,000. <\/p>\n
I guess what I'm wondering is, is there anything I should be doing or preparing for if my property has gone up in value as well? Coworkers are pressuring me to sell and enjoy a nice profit, but if I'm not mistaken, if everything has gone up in value in real estate am I really gaining anything? And then the pain in the butt of trying to find something and following up with all of the bidding wars sounds like a nightmare.<\/p>\n
On the other end, I'm wondering is there any frequency with which my house might get reappraised and I'm looking at higher taxes or higher insurance since I may have a more valuable piece of real estate?<\/p>\n
I bought this home 7 years ago after saving up for a while and I live a very modest life with a salary at $52K. I'm not looking to upgrade or have more, but I'd like to better understand my options.<\/p>\n<\/p><\/div>\n
submitted by \/u\/cwtguy <\/a> I bought my house 7 years ago at $120,000 in rural Eastern Ontario. My neighbor just sold a 2 bed, 2 bath for $379,000 (mine is 3 bed, 2 bath). Over the last year,...<\/p>\n","protected":false},"author":1,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25708"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=25708"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=25708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=25708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=25708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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