Zillow Advice: Buying Process - Is this home purchase worth it? http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ Zillow Advice | Zillow Real Estate It probably is not worth ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ It probably is not worth it, if you are relying on Zillow zestimates. &nbsp;You need a local Realtor to work with you. &nbsp;The seller pays them, you do not, and they can potentially save you thousands with expert price opinion and local knowledge of the market. Mon, 17 Dec 2012 14:04:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-17T14:04:00Z Lets recap:1. You've been ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ Lets recap:<br/><br/>1. You've been looking for quite some time so presumably you've seen lots of similar condos, both online and in person so by now you should have a sense of market values.<br/><br/>2. You can comfortably afford this<br/><br/>3. You love it.<br/><br/>My question to you is, What are your concerns?<br/><br/>To get a better sense market values so that you can feel more comfortable making a good decision then have your agent provide you with a current Comparative Market Analysis (CMA) comparing similar homes that are on the market, under contract / pending to close and have sold within the last 3-6 months.<br/><br/>You should also discuss with your agent the overall process of purchasing a condo in Hoboken and the strategic and tactical ways of making an offer that will not only get accepted, but also give you the best deal in the current buying environment.<br/><br/>We are at historical low inventory levels and buyers are burning through our current inventory so my advice is to try to make a decision on this home ASAP!<br/><br/>Happy home shopping....<br/><br/>Eddie -<br/><br/> Fri, 14 Dec 2012 16:47:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-14T16:47:00Z The only way to know for ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ The only way to know for sure is to look at comparable properties that have sold in the last 3-6couple months. In my area you can buy 3000 square foot of new upscale construction, in a very nice neighborhood for that amount... needless to say it sounds very high to me! However it may be the going rate where you're at. Ask your agent for closed sales, and or higher in appraiser. Good luck and enjoy your new home. Fri, 14 Dec 2012 14:47:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-14T14:47:00Z If you are working with a ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ If you are working with a buyer agent ask the agent to do a comparative market analysis, which is free, or have an appraiser do an appraisal which involves a few hundred dollars.&nbsp; Good luck! Fri, 14 Dec 2012 14:35:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-14T14:35:00Z Im partial to the suggestion ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ Im partial to the suggestion of PAYING a third party appraiser to inform you on the value of a specific property - if it comes down to that. A full appraisal may not be needed, only help in evaluating if a specific property is worth it or not. <a rel="nofollow" href="https://www.asc.gov/National-Registry/FindAnAppraiser.aspx">Here is a link to find</a> an appraiser. <br/><br/>BUT whether you go with an appraiser OR Realtor, make sure they are local and deal with similar units all the time. Fri, 14 Dec 2012 02:39:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-14T02:39:00Z The hardest and longest listings ... http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ The hardest and longest listings I have ever had are 1 bedroom, 1 bath properties. I don't know values in your area at all, but feel that the price sounds high for what you are getting.<br/><br/>Have your agent show you recent (less than 3 month old) comparable sales of 1/1 properties that have actually closed escrow and look at days on market and price reductions to get a feeling of the true value.<br/><br/>Is this a house or a condo you are considering? Fri, 14 Dec 2012 01:12:00 GMT http://www.zillow.com/advice-thread/Is-this-home-purchase-worth-it/471260/ 2012-12-14T01:12:00Z