Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in Rochester : Real Estate Advice

  • All355
  • Local Info32
  • Home Buying135
  • Home Selling26
  • Market Conditions15

Activity 25
Fri Nov 28, 2014
Mark Updegraff answered:
You cannot base the current value on what someone else paid. After the housing crash, we were left with many avenues for people to acquire below market real estate. These avenues include REOs, foreclosures, short sales, and distressed sellers to name a few.

If you are concerned with getting equity at the time of purchase you should focus on the asking price versus the assessed value. In the current climate you can still find assets for significantly less than the assessed value. These will typically be from those sources listed above, which are on the MLS and very competitive in regards to investment activity. The best deals with the most equity are tied up by investors the first day on the market. If you want one of these deals (and the ability to sell it a few years later for a lot more money) you need a REALTOR that has investment experience. I have been successful getting my clients deals like these even when they don't have the strongest offers (investors typically make full price cash offers with no inspection contingency). To do this, you really need someone that is extremely diligent and that works closely with their clients. I would be happy to consult anytime.

Sincerely,
Mark Updegraff
585-314-9790
... more
0 votes 1 answer Share Flag
Mon Jul 21, 2014
L-wannamaker@hotmail.com asked:
This question was asked from http://www.trulia.com/rental-community/9000063462/White-Oaks-West-Apartments-20-Silver-Birch-Dr-Rochester-NY-14624/
0 votes 0 Answers Share Flag
Tue May 20, 2014
mahaihong85 asked:
This question was asked from http://www.trulia.com/property/44340818-115-Mercury-Dr-Rochester-NY-14624?ecampaign=con_day_propertycomp_bk&eurl=www.trulia.com%2Fproperty%2F44340818-115-Me…
0 votes 0 Answers Share Flag
Sun Jan 26, 2014
Jonestina71 asked:
This question was asked from http://www.trulia.com/homes/New_York/Rochester/sold/21213870-51-Waterview-Cir-Rochester-NY-14625
0 votes 0 Answers Share Flag
Thu Jan 23, 2014
Csinger answered:
Hi Mark, I am a residential real estate appraiser in Rochester, NY, and I am also a licensed realtor and would be happy to help you find and/ or value properties in this area. Real estate in this area tends to be pretty low when compared to other urban areas. There are some areas that are more expensive, but then, of course, your investments would have a higher profit in those areas. In addition, Rochester has quite a few colleges and universities and properties in those areas often bring in higher rental profits as well. I'd be happy to discuss this with you further. Please email me at csinger.rochester.rr.com.
Craig Singer
Singer Appraisals
Rochester, NY USA
... more
0 votes 5 answers Share Flag
Tue Dec 24, 2013
Bill Walsh answered:
Harriett:

Yes this property is still available but for some reason Trulia listed a different price or maybe it has been updated since original listing. It is not $19,900 but $34,900. It is a short sale meaning the bank would have to approve any sale of the property. But, If you are interested in summiting an offer I would gladly help you.

Bill Walsh
Sales Agent/ Seven Valley Realty
585-750-8999
bwalsh@sevenvalleyrealty.com
... more
0 votes 2 answers Share Flag
Sun Dec 15, 2013
Josh Barnett answered:
Please expand on the question, all that is appearing is an address.
0 votes 2 answers Share Flag
Thu Aug 1, 2013
Bill Walsh answered:
Hopkins24 ?
There definitely will be units for November but right now the focuses is on filling available units for September 1 in that area. If you would like to contact me in the middle to end of September I would be happy to let you know what I have available or you could also check craigslist regularly some landlords will post early.

Bill Walsh
bwalsh@sevenvalleyrealty.com
Park Ave/Cornhill Rental Agent
... more
0 votes 1 answer Share Flag
Wed Jul 17, 2013
Jason Mancuso answered:
The 10 unit apartment building located at 706 W Main St in Rochester last sold in April of 2012. Do you have a specific question about this property? If you are looking for something similar please contact me at 585-208-1034 or jmancuso@wci-properties.com. Thank you. ... more
0 votes 1 answer Share Flag
Wed Jun 19, 2013
Mark Updegraff answered:
It will be highly dependent on location.

IMO Full Market Rate in Rochester NY as of June 2013:

1 Bedroom 675 - 800
2 Bedroom 750 - 1100
3 Bedroom 1050 - 1500
4 Bedroom 1300 - 1800

and will be dependent on square footage and location.

All lease agreements MUST include use of a stove and refrigerator.
... more
1 vote 1 answer Share Flag
Mon Jun 17, 2013
Bill Walsh answered:
Scherrycake:

This property is for sale and it is setup as a restaurant at the present time. The asking price is $39.900. If you need more information please contact me

Thank You,
Bill Walsh
Agent/Seven Valley Realty
bwalsh@sevenvalleyrealty.com
585-750-8999
... more
0 votes 1 answer Share Flag
Mon Jun 17, 2013
Bill Walsh answered:
Swanelaine:

Recent sales in that neighborhood have been from $105,000 to $130,000 depending on size, condition and property size. I would be happy to run a comparative market analysis for you for your particular property if you are interested at no cost to you!

Thank You,
Bill Walsh
Seven Valley Realty
bwalsh@sevenvalleyrealty.com
585-750-8999
... more
0 votes 1 answer Share Flag
Tue Mar 5, 2013
Suzzi Wagner answered:
This property is not for sale anymore. :)
0 votes 4 answers Share Flag
Thu Jan 3, 2013
Curt Amesbury answered:
Are you in need of a trustworthy property management company? Feel free to check out my web site at www.cemproperty.com

I can also help you find investment opportunities - this is a good time to buy in Rochester right now. ... more
0 votes 8 answers Share Flag
Mon Sep 10, 2012
Raymond E. Camp answered:
Good afternoon Magdalys Matos,

South Plymouth area has and is being revamped by the city of Rochester.

Also close to the UofR and Strong could become a good rental property.

Let me know if you have further questions or I may be of other assistance.

Ray Camp
... more
0 votes 2 answers Share Flag
Sat Jul 21, 2012
Anna M Brocco answered:
Perhaps your question was cut off...the referenced link is a public record, therefore contact any local agent/realty office with any questions....
0 votes 1 answer Share Flag
Wed May 16, 2012
Cathy Barton answered:
Need more information to make a workable stat for you. Are we dealing with a multifamily or single family home and a stat on one street does not give you good information. You will need at the least the block information and better yet the area info.

Ask a more difinitive question, I'll give you an answer you can work with.

Cathy Barton
Allison James Estates and Homes®

585-586-8850 My Direct Line
cbarton@rochester.rr.com
... more
0 votes 6 answers Share Flag
Wed May 16, 2012
Cathy Barton answered:
One of 2 ways, an agent can go back in records and compare other houses similiar to the subject property and create a value or you can go to the town or city assessment offices and look for the assesment at that time.

Cathy Barton
Allison James Estates and Homes®

585-586-8850 My Direct Line
cbarton@rochester.rr.com
... more
0 votes 4 answers Share Flag
Wed May 16, 2012
Cathy Barton answered:
Inman News released a report highlighting metro areas that are expected to “outshine
many other markets in real estate performance this year.” In its report, Inman News
scanned metro areas with populations over 150,000 to find where real estate sales volume is rising, job markets are growing, foreclosure activity is low, sales prices are appreciating,
and home affordability is at high levels
Here are the metro areas topping the list, including the third quarter 2011 median sales price and the percentage change in sales price year-over-year.
1. Raleigh-Cary, N.C.
Median sales price: $224,300
Median sales price change
year-over-year: 7.3 percent
2. Wichita, Kan.
Median sales price: $120,900
Median sales price change
year-over-year: 5.5 percent
3. Rochester, N.Y.
Median sales price: $123,400
Median sales price change
year-over-year: 1.4 percent
4. Des Moines-West Des
Moines, Iowa
Median sales price: $157,900
Median sales price change
year-over-year: 0.8 percent
5. Chattanooga, Tenn.-Ga.
Median sales price:
$128,700
Median sales price change
year-over-year: 7.3 percent

Not Bad...


Cathy Barton
Allison James Estates and Homes®

585-586-8850 My Direct Line
cbarton@rochester.rr.com
... more
0 votes 3 answers Share Flag
Wed Apr 20, 2011
Corinne Petterson answered:
The Rochester NY market has been consistently rated as Good Value. It is a relatively stable market. It didnt participate too much in the Real Estate bubble so missed out on the downsides of the Bursting. There is a great range of prices and styles of homes and Rochester has also been voted near the top of the Most Livable City and Shortest Commute times. Because of all the Colleges here it also has a very strong rental market. What's not to like? ... more
1 vote 3 answers Share Flag
1 2
Search Advice
Search

Followers

298