Home Buying in 08820>Question Details

Prashanth, Home Buyer in Edison, NJ

How much should I offer for a 3BR, 2.5br, 20-year old townhouse in north edison?

Asked by Prashanth, Edison, NJ Wed Apr 2, 2008

No garage and no basement.

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The realtors always give us such a diplomatic answer. Dude, townhomes in edison are very much in demand. There are too many desi folks with a pile of cash saved in the bank, are moving in to edison. I dont think you will get anything for less than 375K, unless its really crappy.
1 vote Thank Flag Link Wed Apr 2, 2008
all u need to do is to checkout the townhouse community that u like, drive thru it and u will see the different areas, that will determine price + upgrades. with westgate at this point , price also reflects supply and demand. with westgate, there is very little supply, remember some look at the RR tracks, some enjoy the 4 seasons right from their LR with an unobstructed view of the woods.
1 vote Thank Flag Link Wed Apr 2, 2008
You need to get your own agent, that is solely representing you and they can help you formulate a realistic offer.
Good Luck.
Sharon Kozinn
Web Reference: http://www.sharonkozinn.com
1 vote Thank Flag Link Wed Apr 2, 2008
i have done a lot of research on selling prices. my home is in westgate, backs up to woods, does have a finished basement, already waterproofed, designer w/w carpeting, open loft. every thing updated. Floor to cathedral ceiling whire stone fireplace. i have just listed it at $384,500 and have already received offers BEDORE our first Open House.
1 vote Thank Flag Link Wed Apr 2, 2008
I have to agree with both prior answers. You definitely need a buyer's agent representing you and you offer should be based on the most recent sales comps and then adjusted accordingly due to the market declination (about 1/2-1%) per month from under contract date not the closing date.
Good Luck!

Gina Chirico - PNJP
Caldwell Office
973-228-1000 ext 132 (office)
1 vote Thank Flag Link Wed Apr 2, 2008
Hi Prashanth, Are you talking about Heatherwood Villas? Your offer should be based on location, condition and the comparables in that development.
1 vote Thank Flag Link Wed Apr 2, 2008
Did you just buy this Heatherwood Villas http://heatherwoodvillas.blogspot.com/ townhouse? 4 Marigold Ct 3br 2hba townhouse just sold under attorney review at $349,900 3-29-08
0 votes Thank Flag Link Wed Apr 2, 2008
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