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Market Conditions in Morganville : Real Estate Advice

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  • Local Info9
  • Home Buying9
  • Home Selling2
  • Market Conditions2

Activity 5
Thu Mar 6, 2014
Sarah Pomphrey answered:
You may be able to find those stats at www.zipskinny.com by entering the zip code.
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Thu Mar 6, 2014
Sarah Pomphrey answered:
Contact a local realtor in that area. They can be very creative and make phone calls to see if any of the inventory would be willing to rent with an option. Good Luck!
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Sun Aug 9, 2009
Christine Markow answered:
Aao13,

As mentioned working with a real estate professional is recommended to get accurate comparables and values to help determine market value. Fair market value typically refers to what buyers are willing and able to pay - there should be appropriate adjustments made in comparision to that particular property based on the condition of the property as well.

Appraised value is important too and will play a role in you obtaining the necessary financing. You need to note whether some of the comps were sold "as is" and/or were out-dated compared to the home you're interested in.

Unfortunately, we don't know all the circumstances. Since you have seen this home - I'm assuming you have already been pre-qualified or approved for this price range. I would suggest offering the seller what you feel comfortable paying for the property - if the seller feels that's too low, they'll counter or just reject the offer. Your perceived value of the property should be considered too!

Christine Markow
ERA Statewide Realty
... more
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Fri Apr 4, 2008
Peter Bennett answered:
Have you considered a pre-rental home inspection? It is used mainly to document the condition of the property at the time of move-in, thence avoiding any conflicts at the time of move-out. This is especially useful for when you request all of your security deposit. It can also advise you of safety concerns, i.e. electrical, HVAC, trip/slip fall hazards. Contact me if I can help. Peter ... more
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Fri Mar 14, 2008
mmmm answered:
Buyer are shopping out there. If your question is are the prices of the properties in the area starting to go up? The answer is no and you could see another 3-5% adjustment in the coming months. It is still a very strong buyer's market. As for your location it is a more desirable location. Good Luck! ... more
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Market Conditions in Morganville Zip Codes

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