I am looking for a home in Rutherford and we saw this one we are interested. When I asked our agent to run a?

Hy
Home Buyer
07110

CMA for me, she didn't say she wouldn't do it but instead said it is hard to compare this one with other houses in Rutherford because this is a newly renovated one and a lot other houses at my price range with same number of BR and BTh are much older. Then she sent me all lists being sold or under contract with the same # of BR. I would not consider what she send me as a CMA, would I? But on the other hand, I wonder if at my price range I should lower my expectation.

Can somebody tell me at around $500k, what I can get in Rutherford? I am looking for something newer, with 4 BR and 2 BTH, on a quite street. Am I being unrealistic? Thanks.

Answers (3)
First to answer: Bill
Linda Gallo
Agent
Bergen County, NJ

Why wouldnt you consider what she sent you as what the market is saying now. I think she did exacly what she should have. Have you considered looking at a home that you can renovate to your specifications.
Rutherford has some older homes with large properties that can be transformed into what your asking for.
The school system, train and location is a definite plus.. Have you considered adding on to property.
Try seeing what a builder would charge to add on ... The property will definetely increase in the coming years and then you have escrow.. Any which way .. view more homes.. with your agent and check out what it cost to do it as opposed to have it already.. If your a working couple with kids and no time.. pay for what it has now
If you are handy and have time.. call in the advise of a qualified builder... Nutley is good taxes are higher , prices of homes are lower... no train.. Agent

Tue Jul 21 2009, 18:19
Meraz Nair
Other/Just Looking
7306

Rutherford properties are usually listed on njmls not gsmls. I saw a fully renovated 3 BR/2BR ranch, listed for 399K. I offered 371K --didn't get it. I heard the house went under contract for 399,900. Also, keep your options open for Nutley, really beautiful town with excellent schools and much nicer parks. Alos, it is more walkable than Rutherford.

Mon Jun 15 2009, 21:23
Bill
Agent
07876
FIRST ANSWER

Hy,

The gsmls only has 4 listings in rutherford. None of the houses are newer. You might want to expand your search slightly to hopefully have some more choices.

Mon Sep 29 2008, 15:06

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