We bought a 4 bedroom home in Princeton Jtn Estates,Princeton Junction NJfor 650K.Although our home will be

Asked by Truliauser, Princeton, NJ Mon Dec 3, 2007

ready on Sep2008. I am thinking..if we made a mistake
of purchasing it this year. Not sure how much the prices will drop.
Any suggestions..

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5
Mary, , 08534
Thu Dec 13, 2007
I assume you are buying a home, not an investment property, so one of the first questions you should ask yourself is "Do you like the home?" " Do you like the neighborhood?" If you answer yes, then you did not make a mistake. Good luck in your new home.
Web Reference:  http://www.suedehaven.com
0 votes
Tony Lee, Agent, Hamilton, NJ
Sat Dec 8, 2007
I'm glad others agree with my answer
0 votes
Deborah Madey, Agent, Brick, NJ
Sat Dec 8, 2007
If you are planning on holding this property for a long time, I would expect the market to show stability. In the short run, there will may be volatility.
0 votes
Tony Lee, Agent, Hamilton, NJ
Sat Dec 8, 2007
Truliauser,
Princeton Jtn Estates is in a stable area. According to Trend MLS. Princeton Jtn has some what little to modest change in the last 3 years. I belive that because of the location being near the Train Station, Rt. 1 and the great schools it is one of the desirable areas to live. Let me ask you this. How long are you planning to live in your new home?.........As we all know no one has a crystal ball. However I do know the Real Estate market will someday raise again.
Web Reference:  http://www.tonyslee.com
0 votes
Shalu Thaman, Agent, Princeton, NJ
Mon Dec 3, 2007
It depends on what model you bought & what upgrades you got or if you got the builder's base model.

Also, depends on what lots are remaining & what models can be built on those lots...........however the prices of homes not yet sold would vary depending on the features/upgrades that the home sells with.

Having said that builders are motivated to offer incentives to new buyers with the objective of reducing their inventory, one might imagine as there are resales avaialble in this community as well.

The Grenwich model varies in size, design,layout & features fromt he Mansfield & while both are currently showing active on the MLS , there are lots & homes that the builder may be selling directly via their sales office. ( not on the MLS) ......so you need to get a complete picture by doing your own research.
Web Reference:  http://www.SoldByShalu.com
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