Author	Message
Guest	Posted: Sat, Sep 27 2008, 4:04 pm EDT    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced; sold) Guest wrote: Anyone know what this one went for? I heard it's $800k.
Guest	Posted: Thu, Sep 18 2008, 11:49 am EDT    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced; under contract) Anyone know what this one went for?
Guest	Posted: Sun, Aug 3 2008, 2:45 pm EDT    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced; under contract) under contract.
Guest	Posted: Sun, May 11 2008, 8:21 am EDT    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) QueryJerry wrote: Does anyone know if this is still active? Seems like the owner isn't very motivated as asking hasn't been adjusted for large drops the market has seen. It is still active. If you are interest in this one, schedule a visit and make an offer if you like what you see. The owner might accept your offer.
QueryJerry	Posted: Sat, May 10 2008, 11:52 pm EDT    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) Does anyone know if this is still active? Seems like the owner isn't very motivated as asking hasn't been adjusted for large drops the market has seen.
Guest	Posted: Sun, Feb 3 2008, 8:47 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) Guest wrote: I don't know guys - I actually think this house is worth the price that is listed now. Look what houses are selling for in Princeton. We have a fantastic school system, close to mass transit systems, train, bus, turnpike. This is an estate home with a nice private backyard. Prime property in Cranbury. If you think this should sell for the mid 750's - keep dreaming - that is a steal. I don't understand the logic of your statement. You compare it generally to homes in Princeton (a different market) and talk about the schools as justifying the price. But why would you do that but ignore the specific comps of the homes that have sold in the exact same neighborhood as this one and are even the same floor plans built at the same time by the same builder? They are all near Princeton too and have the same schools but they also have substantially more in common with this home than any generic home in Princeton, etc. What is wrong with letting the facts speak for themselves? Of all the neighborhoods in Cranbury, none has more direct comps than Shadow Oaks. And homes there have been selling in the $700's, low $700's lately. As to the other poster who correctly points out that "all it takes in the right buyer," well, yeah, that's true of course. But you do have to look at the odds. Even the houses listing in the mid-$700's in this neighborhood sat for a while. So you have to play the odds that in a declining, buyers market where prices are on average 10 percent down and are forecast, specific to this area, to continue to decline at least for the next year to two another 10-15% further, that holding out for a buyer who loves this particular house enough to pay $100,000 over its neighborhood comps are long. But of course it is the right of the seller to hold out for whatever they want as long as they are okay with the possibility of it not selling...
aResident	Posted: Sun, Feb 3 2008, 4:32 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) Guest wrote: I don't know guys - I actually think this house is worth the price that is listed now. Look what houses are selling for in Princeton. We have a fantastic school system, close to mass transit systems, train, bus, turnpike. This is an estate home with a nice private backyard. Prime property in Cranbury. If you think this should sell for the mid 750's - keep dreaming - that is a steal. I discovered Cranbury (a "hidden gem") when I was looking to buy my first home. The year was 2001. Then, I had a toddler and a new born baby. I was looking for a town with good schools. I could not believe that I could buy a 4-bedroom, 1-acre home with a huge in-ground Sylvan pool for about $520K in a town that offers a Princeton high school education! I told my friends about it, and they did not believe that Cranbury kids attend Princeton high school. They asked me to double-check with the town before I signed the contract!
Guest	Posted: Sun, Feb 3 2008, 1:39 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) I like this house! Unfortunately, it's out of my range. I'll buy it if the price drops to $750K.
Guest	Posted: Sun, Feb 3 2008, 11:52 am EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) I don't know guys - I actually think this house is worth the price that is listed now. Look what houses are selling for in Princeton. We have a fantastic school system, close to mass transit systems, train, bus, turnpike. This is an estate home with a nice private backyard. Prime property in Cranbury. If you think this should sell for the mid 750's - keep dreaming - that is a steal.
Guest	Posted: Sun, Feb 3 2008, 11:37 am EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) The house is Va was a foreclosure that is banked owned. You cannot compare a selling price on a banked owned home to a privately owned home. The bank tries to get fair market value, but if they have too many in their portfolio they will just try to recoup their loss and sell it at way below the market (enough to cover the defaulted mortgage).
Guest	Posted: Sun, Feb 3 2008, 11:22 am EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) All it takes to sell a house is a qualified buyer who likes the house. If a seller does not have an urgent need to sell, then he/she is likely to hold the price high. There is a balance of risk and reward that goes into the decision process. I read in this week's BusinessWeek (p. 044) that Deutsche Bank sold a house in Woodbridge (VA) in December for $150K, less than half its last sale price of $315K (spring 2005). Why? Because the bank wanted to get rid of it to generate cash.
FYI	Posted: Fri, Feb 1 2008, 2:39 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) The buyers need to use their own judgment to determine what they want to pay for. All the info provided here is just opinion. I am sure an intelligent buyer (a buyer who chooses to buy a home in Cranbury must be an intelligent buyer. ) will not be swayed by anonymous posts here. Again, the key is to use your own judgment (it's your money!).
Guest	Posted: Fri, Feb 1 2008, 2:06 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) [quote="I wish this person who pretends to know so much about the real estate market would identify him or herself. Your making Cranbury look bad. [/quote]
Guest	Posted: Tue, Jan 29 2008, 10:43 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) Not suprising. It has been clear from the initial ask price that the people selling this house are out of touch with the market conditions. They must fit into the classic seller who looks at the comps way below their ask but then rationalizes that their house is somehow special and everyone will agree and pay $100-150K more than the market in their neighborhood. I predict this house, if it sells at all, will sell in the 700's, certainly not the 800's, so they still have a ways to go on the ask...
Guest	Posted: Tue, Jan 29 2008, 7:51 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) People sell houses in our area should watch "sell this house" on A&E or "designed to sell" on HGTV . It looks like a nice house until you look at the inside pictures. How do people think they are going to sell any house at any price when they show a front room that probably is a library or sitting room loaded with toys, or multiple pictures of the kitchen with laundry on the table. Clutter is a definite "NO NO" and leads to selling your house at a lower price than expected. Not only that, tax value does not equate to selling value of a home. Just because other areas of the countries have seen a decline in value, our area has really not.
tracker	Posted: Tue, Jan 29 2008, 7:19 pm EST    Post subject: Re: Cranbury home $849,900 (Shadow Oaks; reduced) The new price is $849,900.