Asked by Jack Frounjian, 02172 • Sun Dec 30, 2007
The house is near metro west but relative to other boro's it's priced much lower. I found a house that is well priced because of the short sale status. I think it's valued approx 18% under what the owners payed in the peak market back in 2005. I like the house and even the neighborhood, however I have some concerns about the rest of the marlborough city. My house looks to be in a good condition and bordering southborough, but the rest of the city looks some what low middle class. In regards to return on investment, should I invest in a town like marlborough(middle class and low middle) or should I try to find a litle more upscale neighborhood in this area and pay more for the property in these market conditions.
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