Real Estate in Triangle Area (Raleigh, Durham, Chapel Hill, NC)
Listings for the sale of real estate in triangle area (Raleigh, Durham, Chapel Hill, NC) homes has been a cinch for fifty years. Building has been booming ever since the establishment on July 1, 1957 of the Research Triangle Park ( RTP ) area known as the Silicon Valley of the East. Originally, this technology heavy district was begun as a way to attract businesses in an effort to halt the area's brain drain of recent college graduates. Now modern homes blend with older ones to create wonderful small town or moderate sized city environments for those with one of the more than 39,000 jobs in this RTP area.
Despite the prime location of this real estate market--driving distance from two distinct recreation areas (mountains or seashore)--prices remain cheap compared to other similar areas. One contributing factor to this huge savings may be the modern tendency toward the selection of discount real estate brokers. This or use of a flat-fee listing is a great choice for those wishing to save money and still have the advantages which the Multiple Listing Service (MLS) can offer. The For Sale by Owner (FSBO) signs are a further indication that a buyer may find substantial savings in buying from this seller. That's more money to spend on vacation at nearby Myrtle Beach resorts or to take the kids up to Dollywood Amusement Park in Pigeon Forge--both within easy driving distance. Those choosing a home from a home seller who has used a flat fee listing will tend to ask themselves, "Is this the best way to sell my house?" when they are ready to move again.
The city of Raleigh has some interesting home loan options which are offered at low or no interest in selected neighborhoods. These are income based and are intended to revitalize these areas. Check out the city's website (www.raleigh-nc.org) for a look at some of the forward thinking redevelopment plans which are already completed and some which are still underway.
The city of Durham considers itself to be the "City of Medicine" because of its more than three hundred health care companies. These provide $1.5 billion yearly in local wages. This new image has also evolved since the creation of the Triangle Research Parks during the 1950's. Previously the area derived most of its income from agricultural sources primarily tobacco and cotton. A thriving modern city now stands amidst the remnants of the older city. Chapel Hill lies in close proximity to Durham and is the third city of the triangle area. It is a city of people who are proud of their homes and community spirit thrives. The city boasts summer concerts, recreation, bike trails and other city services including excellent bus transportation.
Keep in mind that the burgeoning economic development in the triangle area is a direct result of an attempt to keep college graduates from leaving the state. Hence, it is worth pointing out the educational opportunities there. These include Duke University, North Carolina Central University, Durham Technical Community College all in Durham. Chapel Hill is home to the University of North Carolina. Finally, North Carolina State University, Meredith College, Peace College and Wake Technical Community College are all located in Raleigh.