Cranbury Forum | Bulletin | Info Sharing
[Click here to bookmark this page: http://cranbury.info]
▪
Cranbury School
▪
Cranbury Township
▪
Cranbury Library
▪
Cranbury.org
▪
Cranburyhistory.org
(Press Ctrl and = keys to increase font size)
Search
Register (optional)
Log in to check your private messages
Log in
[http://cranbury.info]
->
House For Sale
Post a reply
Username
Subject
Message body
Emoticons
Font colour:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
White
Black
Font size:
Tiny
Small
Normal
Large
Huge
Close Tags
[quote="Guest"]There are two homes within a block or so of this one on S. Main both asking $675,000 and that haven't moved quickly at that price and both have bigger lots, bigger houses and more rooms and a pool in one case.[/quote]
Options
HTML is
ON
BBCode
is
ON
Smilies are
ON
Disable HTML in this post
Disable BBCode in this post
Disable Smilies in this post
All times are GMT - 4 Hours
Jump to:
Select a forum
Topics
----------------
News | Events
School | Parenting
Blogs by Cranbury Residents
Shopping | Good Deals | Price Talk
Home Sweet Home
House For Sale
Home Sales Pricing Records
Financial | Stocks | Mutual Funds
Cool Bytes & Bits
Garage Sale | ForSale Ads | Things to Trade
Tech Related (PC, Internet, HDTV, etc.)
Interesing and Fun Stuff to Share
What's Your Favorite?
Interests | Hobbies
Cranbury History
Radom Thoughts | Sports | Kitchen Sink
Amazon Deals
Local Business Info
----------------
Local Business Ads (FREE)
Support
----------------
Daily Sponsored Message & Amazon Ads
About Us | Your Privacy | Suggestion | Sponsored
Test Area (Practice your posting skills here)
Topic review
<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Wed, Apr 27 2011, 3:20 pm EDT<span class="gen"> </span> Post subject: Re: Cranbury home $725,000 (S. Main Street)</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest wrote:</b></span></td> </tr> <tr> <td class="quote"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest wrote:</b></span></td> </tr> <tr> <td class="quote">There are two homes within a block or so of this one on S. Main both asking $675,000 and that haven't moved quickly at that price and both have bigger lots, bigger houses and more rooms and a pool in one case.</td> </tr></table><span class="postbody"> <br /> <br />Thanks, very helpful. Any idea what I should offer?</td> </tr></table><span class="postbody"> <br /> <br />In the end what a home is worth is ultimately a subjective decision of the buyer and seller. Often sellers expectations are unrealistic and whether they ultimately sell comes down to how much they need to. They may withdraw from the market being the fair market values they were offered were “fire sale” prices or trying to “steal” the house, because they lack a rational perspective on the market. Or a buyer may fall in love with a house or be absolutely committed to the market and like it more than their other options and be willing to pay a premium to market. <br /> <br />In this case this house is directly next door to a larger house from the sale vintage that is listed for $50K less. That house was on the market last year, asking around the same price as this one is now if memory serves, and withdraw from the market before coming back on a month or so ago. <br /> <br />This house listing for $725K assessed at the peak of the market in late 2006 for $578K then was later reassessed down to $538K. It may be even lower this year, I don’t know. Zillow.com, which estimates home values based on a complex algorithm of local comparable sales, house size, lot size, # of rooms, tax assessment, etc., currently estimates the house as worth $557.5K, with an upper “range” of $597K. I am not suggesting either of these data points is the true FMV of the house but they are useful information in assessing it. For point of comparison, the house next door assessed in 2006 at $630K then last year at $587K and has a Zillow estimate of $594K (up to $653K). And its starting ask is $50K less. <br /> <br />I personally would not pay more for this house than the two large ones along the same part of the street, all on the same side of the street. And my guess based on how high the ask is the sellers of this house do not have realistic expectations and would not consider a fair market offer. But you never know, they could just have some odd strategy of setting the ask very high versus their take. If you’re interested in the house, it never hurts to offer something more realistic knowing they may not take it. Try not to fall in love with a house that you don’t know whether the sellers or serious about selling. I would probably make an offer in the high-$500’s. <br /> <br />Good luck. This is prime home selling season so a lot of houses will come on the market over the next month or so.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Wed, Apr 27 2011, 1:57 pm EDT<span class="gen"> </span> Post subject: Re: Cranbury home $725,000 (S. Main Street)</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest wrote:</b></span></td> </tr> <tr> <td class="quote">There are two homes within a block or so of this one on S. Main both asking $675,000 and that haven't moved quickly at that price and both have bigger lots, bigger houses and more rooms and a pool in one case.</td> </tr></table><span class="postbody"> <br /> <br />Thanks, very helpful. Any idea what I should offer?</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Wed, Apr 27 2011, 9:12 am EDT<span class="gen"> </span> Post subject: Re: Cranbury home $725,000 (S. Main Street)</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">There are two homes within a block or so of this one on S. Main both asking $675,000 and that haven't moved quickly at that price and both have bigger lots, bigger houses and more rooms and a pool in one case.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Tue, Apr 26 2011, 8:32 pm EDT<span class="gen"> </span> Post subject: Cranbury home $725,000 (S. Main Street; gone?)</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"><img src="http://p.rdcpix.com/v02/la46d2d43-m0m.jpg" border="0" /> <br />$725,000 <br />Beds: 3 <br />Baths: 1.5 <br />Lot Size: 0.16 Acres <br /> <br />Age: 150 year(s) old <br />1 total full bath <br />1 total half bath <br />9 total rooms <br />2 stories <br />Type: Detached <br />Family room <br />Kitchen <br />Master Bedroom is 16x14 <br />Living room is 15x15 <br />Dining room is 15x15 <br />Family room is 15x14 <br />Kitchen is 16x11 <br />Den is 15 x 7 <br />Basement is Full, Unfinished <br />1 car garage <br />Forced air heat <br />Cooling features: Central Air Conditioning <br />Inclusions: Dishwasher, Kitchen Pantry, Refrigerator <br />Approximate lot is 45X157 <br />Lot size is less than 1/2 acre <br />Existing Structures: Spring House <br />Utilities present: Public Water, Public Sewer <br />School District: Cranbury Twp <br />Parking space(s) <br />Basement <br />Dining room <br />Den <br />Hardwood floors <br />MainFloorBathroom <br />Master Bedroom <br />Living Room <br />Energy Info: Ceilng Fan(s) <br /> <br /><a href="http://www.realtor.com/realestateandhomes-detail/29-S-Main-St_Cra_NJ_08512_M65551-98305" target="_blank">http://www.realtor.com/realestateandhomes-detail/29-S-Main-St_Cra_NJ_08512_M65551-98305</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
Search
Register (optional)
Log in to check your private messages
Log in
Search
Register (optional)
Log in to check your private messages
Log in