I would consider researching this area further with an agent that can also explain further the market activity in your area. I would be available to walk you through the data for your area. Feel free to call me.... more
I disagree with the previous assessments of the area. The town homes are surrounded by apartments and $500k+ homes. Also, the apartments are not intermingled with the town homes, there is a separate drive dividing the neighborhoods. I have a good friend who after his divorce bought a home there and is happy by all accounts. The unit while very old has been completely updated inside so that's important. Also, keep in mind that I don't think Hamilton is a good comparison if you are concerned about schools. Lawrence has a superior school system at all levels. I do agree however that the selection of town homes in Lawrence is not as good as in other areas such as Plainsboro, Hamilton etc.... more
Assuming that you do not have a lot of equity in your home, and that in this market you are not going to be able to sell your condo for more than you owe the bank.... you will need to crunch numbers and figure out, if you
actually a) are allowed to rent in your building b) for how much you potentially could rent it out c) would you cut even with the rental income to pay all your expenses loan and taxes and assessments?
Furthermore discuss with your lender or several lenders, if you actually rent (how much equity is needed in the current condo) and will you then still get a loan for the purchase of the next property, and do not forget to consider that your rental income is taxable income!
So without exact numbers it is hard for us on this venue to give you good advice!
A Realtor can help you with the information on how much rent you could rent it out for.... and the lenders
can help you whether this is from the lender's stand point workable for you...
Good luck to you!
Edith YourRealtor4Life and Chicago Connection
Working always in the very BEST interest of her clients
To give you a fair price, an agent would need to come inside to take a look. You can start by receiving information via email of what has sold in the last 6 months, what is pending and what your competition would be. But an agent needs to assess your unit in person to give you an accurate price. Also, your motivation comes in to play when pricing. Are you just feeling out the market, or are you getting relocated and have a definitive time frame in mind?
Ask friends and family for a referral or look around Trulia. Visit agents profiles from your area and see who is experienced selling your development and neighborhood. Then interview a few agents to see who you think you will be able to work best with. Be sure to get a marketing plan so you know what you'll be paying them for.
Good luck!... more
I am a resident of Lawrence Square Village and I have seen the prices of the units vary. The sale price of your home will depend on any upgrades you have and location. I would suggest that you select a Realtor and have them show you comps that are similar to your unit. You want to look at what has sold in the last 6 months and what is on the market now.
Long & Foster
Princeton Junction, New Jersey
The Woodmond community is one of the nicest in the Lawrenceville area. They are beautiful townhomes in a lovely area. Price wise, townhomes in Woodmont are averaging around $360,000 with avg taxes around $6500. The strategic location of the area is also great because you are close to Rte. 295/95 and the Rte. 1 corridor for shopping and restaurants. Princeton is a great college town with fine shopping and restaurants and you are also minutes from the Delaware River and historic New Hope and Lambertville.
For additional information call the HOA at 609-895-1046 ir visit my website below.... more
I'm sure you won't believe this answer... If priced right the home will sell within 30 Days regardless of where it is. If priced for $1.00 the home will sell in minutes (I'd buy it myself). Many Realtors will NOT admit it but price is 95% of the marketing. It is the #1 Attention Grabber...
If you want to sell your house spruce it up, clean it up, list the home for 30% UNDER your competition. Make sure you HIRE the right full time agent who knows how to get you the exposure by blanketing your property on 90+ Real Estate websites, and Real Estate portals, faxes, eFliers etc.. and I will guarantee you will have multiple offers that will bid the price up to where the market demand will take it. usually 93-95% of what you would normally list it.. Now.. If you have upgraded Kitchen, Bathrooms, Carpets, Windows, Appliances, Furnace and the like it will bid out quickly.
The beauty of this is that YOU as a home owner don't have to sell if you don't like the final number. You take the guess work out of the whole process, your home will sell in 1 week or less and you steal the buyer away from the other homes that are listed.
In a DOWN MARKET which we are in, the first one out WINS!!!
Jerel Washington, Realtor
Marketing Specialist (no such legal title in NJ)
Keller Williams Realty - Princeton
100 Canal Pointe Blvd, Suite #120
Princeton, NJ 08540
609-987-8889 x234... more