Hi arsharps, I'd be more than happy to assist you with finding a home in Linden.
As for safety information, you can always speak with the local police department or visit
www.city-data.com or www.spotcrime.com, as realtors are not allowed to discuss such information.
Licensed Realtor in NJ and GA
I can't give you exact reasons why there are so many for sale signs out in Sleepy Hollow. The listings we can access on the MLS rarely mention why people sell. I can give you some hard statistics though.
For Plainfield as a whole, the MLS currently reports 461 Active/Under Contract (426/35) single family listings and 204 multifamily listings (191 Active/13 Under Contract). Last year's sales volume for single family properties was 166, down significantly from 310 sales the year prior to that. Last year's sales volume for multifamily properties was 31 sales versus 71 the year before that. Median price levels have remained relatively stable for single family homes from $287,000 two years ago to $275,000 over the last year. Multifamily median price levels have plunged, however, from $371,000 two years ago to $285,000 over the last year. Marketing times are increasing as is evidenced by the median days on the market (DOM). Single family median DOM was 74 days over the last year and is now 81 DOM for the active/under contract listings. Multifamily median DOM was 60 days over the last year and is now 117 DOM for the active/under contract listings.
These numbers just represent a snapshot of what's happening in the Plainfield market area. Obviously though what becomes clear that there's an increase in single family inventory that would at last year's sales levels take more than two and a half years to move. This is higher than typical for the larger market area. The picture for the multifamily market is just as dramatic, except there sales values have taken a serious beating as well, whereas single family home pricing levels have remained relatively stable.
The reasons behind all this? Most likely we're seeing the effects of the subprime housing bubble being played out here at the local level. Sales volume seems to concentrate at the lower level of the available house pricing range in Plainfield and the more expensive homes rarely enter the market at the moment. Multifamily housing appears to be most affected, as financing for these has become increasingly difficult to obtain.
Hope this helps, but it's always nice to see the numbers match what you're seeing out there in the "real world". Good luck.
Jacobus "Jack" Vollenberg
RE Appraiser/RE Sales Associate
Vollenberg Appraisers/ERA Statewide Realty
Normally banks price the property well below value and receive multiple offers above the asking price.
Of course there are some Asset Managers that overprice.
Is it truly owned by the bank and not a pre-foreclosure short sale?
Find a local Realtor to help you asap and she can give you information about recent sales of similar properties so you can submit a viable offer. Make sure your offer has a preapproval from a well known lender like Wells Fargo, www.ThirdFederal.com. You shouldn't have to pay an application fee so if the lender asks you for money upfront, go on to the next lender.
Good luck!... more
I have sold numerous condominium in the Regency Village development. Please feel free to call me at 908-268-2124 or e-mail me at: email@example.com. I would be happy to help you!... more
The document that would have given you the RIGHT to move into the house is the lease that you have not signed yet. He'll have to give you the security deposit back, but he doesn't have to let you move in. If you have an attorney who can write a letter to the landlord for you demanding the return of the deposit, it might look more compelling than your writing to the landlord yourself. (In any case, seeing he has your money, it's probably a good idea that all correspondence be in writing.)
Good luck with this.
Joan Prout, MBA
RE/MAX Villa REALTORS
306 Grove Street
Jersey City, NJ 07302
800-671-0596 x1 (direct)
Besides your curiosity regarding Meadowbrook Village, which will be answered no doubt by a New Jersey Realtor, you are asking questions that are always important to buyers. But issues of safety and resale are in the eye of the beholder, how safe is safe? What is a good resale? To determine safety, call the Plainfield Police, and tell them you want to know about that area--do your homework. Ask them if they have many calls from that area, are there people living nearby who would be an issue for you and your family if you were to buy. They will tell you things that a Realtor would never know nor be able to disclose.
Good luck with your purchase.... more
HAHA..wait until the new tunnel is built into the city....Fact of life...delays on NJtransit. But its alot better than driving into the city. Just imagine if NYC goes through with the commuter driving "tax". What do you think will happen on NJtransit than?... more