I'm looking for a condo at the paulus hook area. IS now a good time to buy? or will the price decrease in the future? Any opinion is welcomed.?

Asked by Autist, New York Mon Jun 14, 2010

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Steve Salzer…, Agent, Hoboken, NJ
Fri Jun 25, 2010

There are many factors to be considered when deciding when to buy. Having not spoken to you to understand your personal position, family needs, or expectations it will be difficult to coach you.

However, in general If you plan to buy and sell in a year or two then you may want to consider renting, unless your accountant has advised a purchase as a tax shelter based on your earnings. In the short term the pressure on pricing will be to remain flat at best if not downward.

If you are looking to buy a home and stay for 4-5 years or more then now is one of the best times in recent history with ample supply to choose from, flexible sellers, and above all the best interest rates in 40+ years... now becomes a great time to buy.

My office is in Hoboken and I live in the arts distric in downtown JC. If you have more questions or care to review your options in more detail let me know.

Steve Salzer
Re/Max Gold Coast Realty
Cell 201-563-3900
Web Reference:  http://hudsonnow.com
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Jerry Barker, Agent, Atlantic City, NJ
Tue Jun 15, 2010
While all real estate markets are subject to local terms and conditions, here is my overall on e year outlook: http://flipping-real-estate.suite101.com/article.cfm/2010_re…

And here is my overall ten year outlook: http://mortgagesloans.suite101.com/article.cfm/foreclosures-…
Web Reference:  http://www.sjrates.com
0 votes
Anna M Brocco, Agent, Williston Park, NY
Mon Jun 14, 2010
It's always a good time to buy when you are ready and need to buy--today's interest rates are very appealing and who knows where they will be tomorrow--as for the future--unfortunately, none of us can answer with certainty as to where the market will head tomorrow or down the road.
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