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Market Conditions in Rockland County : Real Estate Advice

  • All36
  • Local Info3
  • Home Buying14
  • Home Selling1
  • Market Conditions2

Activity 12
Fri May 31, 2013
Keith Jean-Pierre answered:
Annual taxes on this property are $10,534. Good luck in your home search.
0 votes 2 answers Share Flag
Fri May 31, 2013
allan erps,ABR,SFR answered:
Hello, for this property on 73 Burda taxes are a bit over 14,000 dollars, without any exemptions. it is also a foreclosure. the other listing on 3 Drexel court the taxes are bit over 11,000 dollars. that 1 is my listing and there are currently four offers being negotiated, but nothing has been accepted. If you care to see either or both properties please be in touch and I will make the arrangements. I will gladly show you any properties you wish to see, Allan ... more
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Wed May 29, 2013
allan erps,ABR,SFR answered:
Hello Norah, I would have to look at recent comps to answer that question. however, get in touch with me & I will provide you with all the answers you need, and be happy to show it to you or any other property as well. Allan ... more
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Tue Jan 25, 2011
Vanessa Saunders answered:
Only if the property is priced right in the first place. Bank appraisals only take into consideration the listings that have sold in the area that are comparable but also lookat those that fail to sell too - so if a house is overpriced and a buyer will pay that price to get it - it doesn't necessarily mean that the sellers loaner will give them the money to do so. Even cash buyers are looking very closely at comps and even having their own appraisals donem My advice to you is to get three CMA's from three diferent agents as to what their price opinion is on a certain property - then you will begin to get a good idea. Good luck! And be sure not to overpay in a market that is still trending downwards... ... more
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Wed Sep 2, 2009
Justin Waywood answered:
itt is all relative. To prove my point i will buy any property at any price if I get my terms. In other words i iwll pay one million for your duplex if I dont have to put any money down, and I can collect the rent for thrity years before making any payments and I can cancel my obligations at any time

I own a lot of rentals. i have over paid many times if the terns justify it.

But if you are only interested in cash-out deals, you have to make your property more appealing than the competition.

In this market I will buy properties with real cash flow. Price accordingly and you should snag your buyer.

Good luck
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Mon Jan 5, 2009
Carmen Di Biase answered:

While few areas have escaped the overall decline due to the current financial market, the Nyack market area remains healthy. The average selling price is $671,343, the median $550,000. There are good values out there and more entry level homes available than in recent years. ... more
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Mon Feb 11, 2013
Joanna Lane answered:
You need to ask the listing agent, this is proprietary information unless listed on MLS, in which case any cooperating broker who is part of the MLS has access to to the information.
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Mon Aug 18, 2008
Eric Vazquez answered:
Buying a house now or in a few years really depends on your needs. First question to ask yourself is how long do you plan to live in the house? If it is only for a couple of years or for several years - enough to ride the market back into an upswing? I can't say that it is a good market or bad market right now, some areas are feeling a decline, and others are holding steady.

Buying on the short term in a down market may not build you equity and may net you a loss. However, buying on the long term, enough to ride the market back into an upswing, you fare better at building equity over time. If you already own a home too, and need to upsize into something bigger, buying up in a down market may also be a move to consider. As the market turns back, so does your equity postiion.

Of course there would be mortgage factors to consider as well. Possibly discussing your needs with a financial advisor may help you determine if now is the best time for you. I service Orange and Rockland counties, if you would like a more specific evaluation of your area, I would be happy to be of service.
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Wed Mar 5, 2008
Jesse C. Turnquist answered:
A declining market is where the values of the homes have been reduced through short sales, foreclosures or drastic underbidding from list price. Declining also means that a bottom has not been realized and therefore further eroding of value is almost certain. From a lending perspective, if there is certain to be lower value in the foreseeable future, they reduce the amount they are willing to lend by a marginal amount...typically 5%. So if the maximum allowable financing was 100% for a certain product, that would be reduced to 95%.

I hope this helps!
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Sun Apr 5, 2009
Gail Gladstone answered:
Closing costs are tied into the sales price of the property and can be estimated at about 4%.
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Sun Feb 2, 2014
Pam Winterbauer answered:
Trulia does not have rentals on this site. You may want to check on craigslist, or the on line version of the local paper in spring valley.
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Tue Mar 16, 2010
Bill Smith answered:
Marty has the right stats, if you want to look at some of those you can check em out on this link:
theres ten of them on here, you can switch between them using the box at the bottom left hand part of the screen, and by clicking on the pictures you can switch between them as well.
Thank you,
Bill Smith
Keller WIllaims realty
... more
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