House prices in N. Chelmsford and more... (Lowell, Westford: estate, places)

[kdsingh]

29 married. No kids

We are buying a house in North Chelmsford. Although we were looking else where, we ended up locking this one. Its a 4Br/2B and and I think its a good deal.

Although I am buying back at 2004 price (even though seller did a lot of upgrades) and I am wondering if I have been getting some sleepless nights as to value of the house going down in coming months. Is that a possibility a lot of people are wondering? I keep hearing towns like Chelmsford have held their values. What are other homeowners here are feeling?

thanks.

[Irena.M]

Originally Posted by kdsingh

29 married. No kids

We are buying a house in North Chelmsford. Although we were looking else where, we ended up locking this one. Its a 4Br/2B and and I think its a good deal.

Although I am buying back at 2004 price (even though seller did a lot of upgrades) and I am wondering if I have been getting some sleepless nights as to value of the house going down in coming months. Is that a possibility a lot of people are wondering? I keep hearing towns like Chelmsford have held their values. What are other homeowners here are feeling?

thanks.

[SIZE=2]The home values are relatively tough to predict, basically buyers determine that.
Chelmsford has seen its own price reductions like all other places. Just that you are buying at 2004 price is one indicator. Keep in mind 2004 was still booming real-estate market. Chelmsford prices are influenced by the proximity to Lowell on one side (cheaper) and Westford on the other side (more expansive).
If you are buying for a long term and you (think) know that you are getting a good value than do not loose sleep over it.
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