Certified Buyer Representative
Senior Real Estate Specialist
Century 21 Princeton Properties
Top 2% of Century 21 Agents Nationwide
A home that is priced right for the current market will sell. Depending on the positives and negatives of each individual home it may sell for more or less than others in the neighborhood - but it will sell if it is priced right!
As stated below - being close to a railroad can be either a positive or negative, depending on exactly how close it is. Also, while having a basement would normally be more desireable, there are plenty of homes on Long Island that do not have basements.
As for style of home - buyers have different requirements - some prefer colonials, some prefer ranches, some prefer split levels - and some prefer capes!
Ultimately - it comes down to whether you are purchasing this home to live in and enjoy or for investment purposes. If you are planning to hold the home for 2 years and then re-sell it in this current real estate market, you might do better to purchase a home in a more preferable location for resale. If, on the other hand you are planning to live in the home and enjoy it, and this home is within your budget, then you might consider it's purchase, knowing that you will most likely purchase it for less than a similar home that is a bit further from the railroad and has a basement and when the time is right you will sell it for less as well .
If you would like to discuss this further or have any other questions, please contact me by phone at (516)410-3594 or email at Arlynn@ArlynnPalmer.com.
Arlynn B. Palmer, ESQ, SRES, CBR, CMS, CNS
Associate Broker, REALTOR
Coldwell Banker Claire Sobel
(516)621-6300 x 205
How close to the railroad is it? And is that a positive or negative. If the house backs up to freight tracks, that's a negative. If it's 2 blocks from a commuter line, that's a positive.
As far as a cape, it depends in part on surrounding homes. If there are a bunch of other capes, that's good. If yours is the only cape within 15 blocks, that's not so good.
Similar situation with a basement. All things being equal, a basement would be desirable. However, I hope that you're paying less because it doesn't have a basement. And: Do other nearby homes have basements? If they generally do, that's a negative. If basements are relatively rare and yours is more the norm, that's a positive.
Finally, it's relatively easy to sell a home if it's priced low enough. On the other hand, if it's overpriced, then--no--it won't be easy. And that's probably the biggest factor in the equation.
Hope that helps.