svaish, Home Buyer in Garden City, NY

Thinking of buying a home in Holmdel with railway tracks in the backyard. how big of an issue could this be when it's time to sell the house?

Asked by svaish, Garden City, NY Tue Jul 2, 2013

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Zlvej41, Home Buyer, Holmdel, NJ
Mon Apr 25, 2016
Hi svaish,

Just found this post you wrote three years ago. I am in the same situation as you now, I am thinking of buy a house in Holmdel which is close to train track. The trains runs from 4am until midnight. Did you have any issue after you go to bed? It will be terrible if I got waken up by the train at night.

Did the NJ transit horn when passing Holmdel? The horn can be heard very clearly even from half mile away, think.

Not sure if you still follow this post. Thank you anyway.
0 votes
Unfortunately, you are right the horn is pretty loud and could be heard from a few mile distance especially at night. But.. people get used to things like that.
From re-resale perspective it is obviously a big disadvantage and I would rather choose something else.. I sell in Holmdel and surrounding areas - there are many options - dont be fooled but slightly better price - dont buy close to tracks or power lines
Flag Fri May 6, 2016
svaish, Home Buyer, Garden City, NY
Thu Oct 17, 2013
Just to close this loop, we actually moved into the house and the train is a NON issue. We barely hear it inside the house, and we are thrilled with the price we paid for a 4 bed house in Holmdel. With a little elbow grease our home will be amazing with just a few updates.
Thanks all for your help and advise.
0 votes
Glad it worked out for you. Again, welcome to Monmouth County!
Flag Thu Oct 17, 2013
Jeanne Feeni…, Agent, Basking Ridge, NJ
Thu Oct 17, 2013
Here is what I tell my buyers about anything that causes them to pause as you are now --- expect it to have the very same impact when it comes time to sell. You likely are considering more house than you would expect without this location issue. The compromise is for you to weight. But make no mistake, when the time come to sell a unchangeable location negative will impact your sale in two ways, it will reduce price and increase time to sell. Market conditions will decide on how great an impact it will have.

Good luck!
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Steven Cohen, Agent, Morganville, NJ
Thu Oct 17, 2013
Hugh issue. This could clearly be a turn off to a prospective buyer. Since you have noticed it you have to believe that most buyers will notice and factor that into their respective thinking
0 votes
Don Tepper, Agent, Burke, VA
Mon Aug 19, 2013
It can be a real big issue.

There are really two problems, only one of which can be overcome.

The first is the pricing. Yes, it's true that if you buy at a discount, you will also be expected to sell at a discount. That's the point Leonard is making. So you make sure you get that needed discount upfront, because that's what it'll take for you to have a chance to sell.

The second problem is more serious. You're going to be substantially narrowing the number of people who'll even consider buying. Same thing happens with houses close to highways or high power lines. Some people won't do it because of safety concerns--theirs or their children's. Or their pets'. Some are concerned that they won't be able to adjust to the noise and shaking of trains going through their back yards. And no matter how much you reduce the price, some people simply won't buy. That means if 20 people take a look at a similar house 3 blocks away, maybe only 10 will take a look at yours.

If you understand that and are getting a sufficient discount to cover the first point above (and you say you are), then you might consider moving ahead. But please understand the difficulty you'll run into when you want to sell.

Hope that helps.
0 votes
Leonard Duni…, Agent, Rumson, NJ
Mon Aug 19, 2013
Svaish, good for you! As long as you're going into this with your eyes wide open you should be happy.

So what if you're house sells for 10% less when you go to sell it- you're buying it now for 10% less and you'll get to enjoy living in it and living in Holmdel. Welcome to New Jersey, and welcome to Monmouth County.
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Jim Lavin, Agent, Holmdel, NJ
Mon Aug 5, 2013
The train the runs through Holmdel is a commuter NJ Transit line train normally you don't hear it as moves pass homes so quicklu you here a swiss. As for the train horn by Centerville Road crossing you can hear that noise on the other side of the parkway. The Parkway sound sounds like a running river all day. I have expensive listings that backs to both the train and the parkway and the homes are always priced 10% under an interior home lot. These homes are usually custom built not tract builder development homes. You do get more for your money.
0 votes
Thank you James, very helpful information!
Flag Tue Aug 6, 2013
svaish, Home Buyer, Garden City, NY
Sun Jul 21, 2013
Thank you all! We do love the house and it being on the tracks is the reason we can afford it. The train noise is really not an issue, it's once every 49 mins during peak times. We talked to the neighbors as well and they concur. We negotiated and are getting a decent deal!
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Sun Jul 21, 2013
Anything that causes you to pause will have the same effect on future buyers when you go to sell. Location issues can be real wild cards - you can change much about a house but you can't move those tracks.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Joan Congilo…, Agent, Freehold, NJ
Sun Jul 21, 2013
Holmdel is a great town, beautiful homes and has good schools. However, there are some homes that will possibly back to the train, the parkway or perhaps have a sloping lot. The best way to determine your comfort level is to wait and listen to the noise level and decide if it is tolerable to you. If it is something that you can live with and you really love the house than go for it but keep in mind that most appraisers will evaluate your home at a lessor value if it backs to a highway, train, or a busy road. So when it is time to sell, or even refinance your home's value will be discounted accordingly.
0 votes
John Radzik, Agent, Colonia, NJ
Sun Jul 7, 2013
Don't do it period. It will be nightmare to sell when that time comes. I'm an agent in the area. Feel free to contact me. Radzikrealestate@gmail.com
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Tue Jul 2, 2013
Anything that causes you pause will have the same effect when you go to sell. It will impact - probably is now - two things....price/value and time to sell.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
0 votes
Deborah Madey, Agent, Brick, NJ
Tue Jul 2, 2013
A similar house w/o tracks will sell for more. There will be some buyers who will have no interest in the property because of the tracks. There will be some buyers who will find the tracks tolerable and perceive their presence as a right to a discount.

Know that when you sell, some buyers will take a pass. Just as you are a buyer, there will be a buyer when you sell. And, that buyer will factor the tracks into their pricing. Plan on a bit longer period to sell and price right.
0 votes
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