There is an application process but below is a link to a brief overview if you want to own a low income home. http://www.lbhousing.org/owner.html. This is the link to the applications. http://www.lbhousing.org/housingapp.html. There are income guidelines based on family size. If you would like to call me we can move forward with additional research to get you started. My cell number is (908) 247-4233.... more
Kal - I think generally one could make a case for about a 10% decline in prices. But I could show you properties that decreased more than that, stayed the same, and even increased in value. Unless you get the same property to evaluate that sold during those time periods, you've got to consider buyer motivation, seller motivation, and the inventory at the time of the sales. I you're interested in getting an evaluation on your property, I could be more specific in determining value, but you're asking about Sept 2011, so I don't know why you want that. Let me know if you want my help. Thanks - John
Remax Long Branch office... more
I work in the Remax office in Ursula Plaza in Long Branch and have checked the Monmouth MLS statistics for you, and they confirm my general opinion. The average closing price of single family homes from Jan '06 to March '10 have fallen approximately 20%. Condos and townhomes have fallen about the same. Of course, each and every property must be judged and value estimated independently. All homes are not the same, even all condos in the same building are not the same. It's important to utilize the information available to you, and research the properties when establishing value. If you're still interested in buying, I'd look forward to discussing your plans and see if I can help you.