Trulia said that is a public record, Which record? Records from 30 Years? The public data said clearly that for example " 56 Bentwood east court Albany NY 12203 " who was purchase January 2012, price $525,000, taxes record indicate $18,000. Home value $778,000. Those are recorded facts that can be verified and not your "own prefabricated data's." I am sorry but during our search to look eventual property's to buy, we were confused.
Trulia said one thing and reality is quite different.
I would pretty much prefer to read reals facts .... more
I am not sure what is meant by a rent v. buy index, but I came across a very interesting bit of information yesterday while reading :"Underwater Home" by Brent T. White. According to the author, econoists say that the rent/buy ratio should be 1 to1 or 1 to 1.5, somewhere in that range. In other words it should cost either the same or one and a half times more to own rather than rent. I can tell you that in some areas of Morris County New Jersey, that is the case right now, or very nearly the case.
I hope you find that information useful. It's a very good and insightful book.
Prices in that area are just about the same now as they were in April, 2009. So it depends more on what kind of deal you got and the possible improvements you've made since then. If you're selling, I would recommend putting a list price to start with at maybe 7-10% more than you paid at the time if the house is in similar condition. You can always adjust the price down if the market thinks it's too high. Of course to get a more accurate estimate you should have a real estate professional look at it.
Your best bet is to have a buyer broker who is expereinced in bank owned homes, they can search the mls for listings and update you as new listings come one the market. The other choice is to be able to contact the agents that are the leaders in listing bank owned properties in yoru area, tell them what you are looking for to see when new listings come in, they cancontact you immediately.
Please see my blog for tips and advice on buying bank owned properties.... more
It's possible that it's in contract, sold, withdrawn from the market, etc--any local agent can help you--contact any realty office(s) and inquire or contact any local Trulia contributor(s) directly and ask.... more
Hi, I am a Realtor in Oneonta, NY and we have alot of people who like to invest in the multi family units because we have 2 colleges and in the summer people come from all over the country to send their kids to baseball camps in Cooperstown and Oneonta and need places to stay. If you would like the listings emailed to you, send me your contact info, phone number and email and I can discuss it with you further.
We are also only 3 hrs from NYC, NJ, Long Island. I would be glad to help.... more
Oregon has been a little late to the dance. The Portland Metro area had the first decline this last quarter, 0.4%. It is not a big decline but it indicates that prices are not going up. What we are seeing more of is that the more expensive homes are not selling which is causing the average price to fall. Employment is the bigger factor. As long as there is good employment prices should hold steady. Hope this helps... more