How much should I offer

Mon, 25 May 2009 20:31:00 GMT

Hi Everyone,
My fiance and I have found a property in Northern New Jersey that we would like to make an offer. I just do not know what that offer should be. The property is located in Hackensack, NJ and it is listed for $325,000.00 is a short sale the town appraised it at $415,000.00. We do not know how much to offer, since the house is in a good location but does need a lot of work.(It's a big old house).

Thanks in advance.

2 replies

Everything is rosy in Bergen County per local Association of Realtors

Wed, 31 Dec 2008 16:21:00 GMT

After the big news fromÂ Case ShillerÂ and some ridiculous broad statements from some that everyone has lost 18% of value over the past year--something even more ridiculous comes out of the report: Bergen County NJ is stablizing because it only dropped 6.25% over the past year (negligable change over the past 2 months) while the NY Metro dropped 7.5% (.9% over the past 2 months). Â From the Bergen Record:

But in Bergen County, thereÂ are signs of hope, says Bill Gilsenan, director of RealSource Association of Realtors in Waldwick, which serves 3,500 Realtors.

According to the New Jersey Multiple Listing Service, county-wide median home prices stayed stable in September and October at around $420,000 and dropped only 6.25 percent over the last 12 months, compared to Case-Shiller's higher 7.5 percent for the New York area.

What a cause for celebration!Â

1 reply

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How much should I offer

Everything is rosy in Bergen County per local Association of Realtors