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Middletown : Real Estate Advice

  • All96
  • Local Info12
  • Home Buying27
  • Home Selling1
  • Market Conditions5

Activity 53
Sun Mar 31, 2013
Ms. Waters asked:
This question was asked from http://www.trulia.com/property/1082147810-34-Manhattan-Ave-Middletown-NY-10940
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Wed Jan 16, 2013
John Olivero answered:
Can you negotiate? Everything is a negotiation. Depending on your situation, the owner’s situation, the current market environment, current pricing compared to current value and timing are some factors involved to finding your answer and or how much negotiation will be reasonable or advantageous.

Is now the right time? The answer to this question is... it depends. Are you ready, willing and able to purchase now? Have you discovered and exercised your purchasing options? Why do you want to buy at all? How much will your mortgage be? How much would it cost to rent a similar property? How long do you plan to live there? Why a townhome and not a home? What are your concerns in purchasing now? Will prices go lower? Interest rates higher? What will that do to your purchasing power?

Not trying to be difficult here. Finding the right time to buy is dictated by your very personal situation and circumstances because no one knows what the short or long term future will hold. Without putting the time to analyze whether now is the right time for you or not, the short answer will be... the right time is when you are ready.
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Mon Jan 7, 2013
Asa Lennon answered:
depending on school district, the cost is about175-200,000 in the middletown school district..and about 225-250 in the pine bush or minisink valley school districts.. the taxes are different for the school districts..in the city taxes are about 4-5,000 outside the city theget a little higher. Average days on market in the area is about 190 days... ... more
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Thu Mar 7, 2013
Amoy Chin answered:
Hi Joe,
Please call our offices we have some leads that we can share with you.. Happy Thursday. 845 497 8380
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Mon Jan 28, 2013
Anna M Brocco answered:
For an accurate answer try contacting the local police department...
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Sun Dec 8, 2013
Alan May answered:
How much you "have" to put down, it up to your lender, your credit score, and the type of loan you're taking out. Talk to your lender.
0 votes 9 answers Share Flag
Wed Oct 3, 2012
Dominick Tufano answered:
Too many other items involved in that, would have to know all the details, municipals, mortgage being put together and many other questions. Please feel free to give me a call to discuss. 914-443-7622 ... more
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Fri Jan 18, 2013
Paddy Pizappi answered:
Middletown High School is the only one available to Middletown residents
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Tue Jul 17, 2012
Asa Lennon answered:
Never heard any complaints, however, the area is not taxed any differently, there is no flooding because it sits at the top of the hills near Davidge Park.Crime and schools cannot be discussed by a REALTOR. you can find school info here.. http://www.asasplaces.com/Nav.aspx/Page=/Schools/Default.aspx ... more
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Sun Jul 8, 2012
John Olivero answered:
Area home values increasing or decreasing depends on the criteria you are using to determine this. Are we looking at month to month, quarter to quarter or year to year sales results? Are we considering the number of transactions without consideration as to whether or not this number is up or down? And so on...

As to values of homes increasing in other areas surrounding Orange County but not in Orange County I will remain skeptical. Quite honestly, with the exception of Manhattan, I don't see that they are.

To address Middletown in particular as a viable investment option now or in the near future I say let’s look at the numbers. In the City of Middletown in the past six months there have been 78 properties either sold or under contract to be sold. (41 under contract, 37 sold). 22 of these properties are under $100,000.

If you look back 3 cycles of 6 months each you will see in sold activity alone 49 units, 43 units and 51 units. That's an average of 46.5 closed transactions in each of the past 4 six month periods. Or 7.7 each month or 1.8 a week.

I think if these transaction numbers would compare to activity in other areas, Middletown would look strong.

So I guess the question would be... What are your thoughts on a real estate investments? Is it to live in yourself or to rent out? What type of return on your investment would be needed for it to be a good investment for you? (Not always about what you pay, but how much you make and how long you hold on to it, etc.)

Depending on your answer will depend on whether or not this is a good time for you to invest in real estate in Middletown. It seems 1.8 other people each week are thinking YES!

Good Luck.
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Mon Jun 18, 2012
Christopher Pagli answered:
Hi, Agents are [prohibited by license laws from commenting on crime and safety. We can give you resources to formulate your own opinion. You can visit www.HomeFair.com and click on the city reports section for in-depth crime stats and area demographics. Another option is www.SpotCrime.com.

Chris
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Mon Oct 13, 2014
Asa Lennon answered:
I recently sold a condo there..They too have lost value..Its not Canterbury knolls..its been all homes in our area have lost value over the last four years. My own home has lost near 100,000 since 2006. The last two months have shown a modest uptick in home values, but we are years form seeing the same kind of values we saw in 05 and 06. ... more
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Wed Apr 18, 2012
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
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Tue Jun 26, 2012
Anna M Brocco answered:
If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods. When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand...
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
... more
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Thu Mar 1, 2012
Inquisitive Mind asked:
The lender has a 3% maximum 3rd party closing cost contribution cap. the seller agrees to pay for multiple home improvements that exceed the 3% cap. If the improvements are documented i...
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Mon Feb 20, 2012
Terry McCarley answered:
It depends...the home could be overpriced, underpriced or priced just right. Contact a local Realtor® to represent you - they can run a CMA and help you determine a fair price to offer. ... more
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Thu Feb 16, 2012
Anna M Brocco answered:
Depends--in order to determine a fair offer review comps with your agent, recently sold similar properties in the immediate area; see what the data suggests, and go from there; be aware that if a property is priced on target, or slightly below, multiple offers may occur. ... more
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Fri Feb 17, 2012
Anna M Brocco answered:
What is your agent advising....also consult with your attorney; in order to obtain a clear title, any existing violations need to be rectified by the seller, unless agreed/negotiated otherwise.... ... more
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Sun Jan 29, 2012
Anna M Brocco answered:
Consider working with an agent of your own; he/she can provide suitable listings, any necessary information, schedule showings, etc.; also don't overlook some traditional sales as some may end up being a much better bargain. Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. ... more
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