fair lawn: What really drives prices in Real Estate?
- 01/23/09 12:48 PM
Everyone knows that if you have a house in a great location, let's say on a pretty cul-de-sac with lots of trees and just a few neighbors in a town with a great school system and easy access to transit, then that house would be worth more than a house that backs up to the train tracks on a major street in the same town. As you've probably heard that's the old maxim, location, location, location. So the second house would take longer to sell right? Well, not necessarily. Real estate, like any other commodity is driven by consumer demand, in … (3 comments)
fair lawn: To Buy Or Not To Buy, Is That The Question?
- 01/22/09 03:31 PM
If you are afraid to buy a house while interest rates are at all time lows and real estate prices are on the decline, it could cost you thousands. The sad thing is that you won't know it until it's too late. Hindsight is always 20/20. A few years ago you couldn't buy a house in our area of the country for $350,000 unless you were a contractor who could fix the house up for cost. Today, there are plenty of houses available at this price and lower that aren't teardowns. This is a fabulous opportunity for so many people … (7 comments)
Thoughts on all things real estate, including buying and selling a home in Hawthorne, Fair Lawn, North Haledon or surrounding towns in Bergen and Passaic Counties. Advice for consumers to help make educated decisions about one of their largest investments.
Everyone knows that if you have a house in a great location, let's say on a pretty cul-de-sac with lots of trees and just a few neighbors in a town with a great school system and easy access to transit, then that house would be worth more than a house that backs up to the train tracks on a major street in the same town. As you've probably heard that's the old maxim, location, location, location.
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