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Old 10-15-2016, 08:34 PM
GPC GPC started this thread
 
1,308 posts, read 3,414,272 times
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I'm not ready to move yet but I browse real estate listings to see how often a house comes on the market that I like. I don't want to buy a house that hasn't been updated since the 1950s. I really like this house:

138 Yoakum Ave, Farmingdale, NY 11735 - Home For Sale & Real Estate - realtor.com®

Is this house priced well? What would be a fair price to offer? Thanks!
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Old 10-16-2016, 06:39 AM
 
245 posts, read 319,990 times
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I was going to say 450 for a cape in farmingdale!? Until I saw how many favorites it has on zillow and redfin. Bet you this home is under contract within 2 weeks. Take a look at recent sales to be sure.
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Old 10-16-2016, 07:10 AM
 
Location: under the beautiful Carolina blue
22,672 posts, read 36,810,996 times
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Wow, I have a friend who bought a house the next street over for $100K in 1991. SMH.

A house is worth what someone will pay for it. In this case, that is close to half a million dollars. With taxes close to $10K.

If you're interested in houses in a given area, you should be looking at comps.
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Old 10-16-2016, 07:43 AM
 
3,288 posts, read 2,361,068 times
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It is what it is. We bought a split in Farmingdale 2 Years ago for $400,000. It's a nice house but Framingdale is as mediocre as it gets and I do not feel it was worth the cost. I wouldn't call Woodward parkway an award winning school and my kids go there. Again, it is a median school at best.

But, with all the upgrades, it looks nice and it will probably sell for at least 430,000. sell. Good luck.
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Old 10-16-2016, 12:00 PM
 
Location: Islip,NY
20,937 posts, read 28,438,415 times
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I really like the house. $449,000 seems fair but if it needed work then I'd say $449,000 is high. If I were to bid on it I'd bid $425,000 and see what happens. If I were just buying a house now I don't think I could even afford $449,000. In 2003 I paid $249,900 and I thought that was a lot.
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Old 10-16-2016, 11:39 PM
GPC GPC started this thread
 
1,308 posts, read 3,414,272 times
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Quote:
Originally Posted by blernard View Post
Until I saw how many favorites it has on zillow and redfin.
I've been on the zillow website before but I'm not sure what you mean by favorites. Can you elaborate? I see these line items listed under "FACTS":

Views since listing: 2,472
All time views: 2,517
41 shoppers saved this home

Is this what you mean or should I be looking elsewhere in the listing? Thanks.
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Old 10-17-2016, 03:20 AM
 
245 posts, read 319,990 times
Reputation: 258
Quote:
Originally Posted by GPC View Post
I've been on the zillow website before but I'm not sure what you mean by favorites. Can you elaborate? I see these line items listed under "FACTS":

Views since listing: 2,472
All time views: 2,517
41 shoppers saved this home

Is this what you mean or should I be looking elsewhere in the listing? Thanks.
That's what I mean. I think redfin calls it favorites. To me, it indicates a level of interest. As long as there are no surprises, it will sell for fairly close to ask.
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Old 10-17-2016, 04:09 AM
GPC GPC started this thread
 
1,308 posts, read 3,414,272 times
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Quote:
Originally Posted by blernard View Post
That's what I mean. I think redfin calls it favorites. To me, it indicates a level of interest. As long as there are no surprises, it will sell for fairly close to ask.
Thank you!
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Old 10-17-2016, 12:28 PM
 
1,143 posts, read 1,538,216 times
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That honestly seems fair to me. It's a nice looking house.
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Old 10-17-2016, 12:29 PM
 
1,051 posts, read 1,068,210 times
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I think it's priced well given the updates and lot size... but I'm not a realtor. Work with a buyer's agent to help you figure out an offer based on the comps.
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