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05-03-2009, 09:08 AM
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Senior Member
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Join Date: Mar 2009
109 posts, read 52,066 times
Reputation: 16
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Anyone familiar with Glen Rock?
Does anyone know how negatively property values go down for houses in Glen Rock that are either by Hwy 208, on a busy road or back up to a train track? It seems a lot of houses have this issue, and I wanted to check if anyone knew if property values are less negatively impacted in this town vs others with these issues. Friends and family have been telling me to stay away from such houses, but my realtor said in Glen Rock it's not as much of an issue - it's a small town with: many main roads, 2 commuter train lines, and a highway going through it, and so proportionately, many houses in GR have one or more of these issues. I've seen some nice houses, but don't want to end up buying a bad investment with poor resale value. Sorry for the long description, but can anyone offer some knowledgeable insight who is familiar with this town/area? Thanks in advance.
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05-03-2009, 08:37 PM
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Show Must Go On
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Join Date: Apr 2006
Location: Bergen County
561 posts, read 764,241 times
Reputation: 128
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Are you buying an investment property or a home to raise your family in? While we all think about resale value and things like that, you should really ask yourself if you are OK with living near a highway, on a busy road, near a train track. Personally, I wouldn't do it even if 1,000 people told me if was OK.
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05-03-2009, 09:19 PM
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Senior Member
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Join Date: Mar 2009
109 posts, read 52,066 times
Reputation: 16
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thanks, i think i just wanted to justify buying a house i liked so much, but have been told all around that it's a bad investment decision. i'm okay with letting it go now, it's just so nice and cute, but if resale value is too unpredictable, i don't want to always wonder how hard it'll be to get out later on. so, i'll stop now, thanks for all the helpful insight.
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05-04-2009, 06:15 AM
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Real Estate Agent
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Join Date: Aug 2007
Location: Westwood, NJ
241 posts, read 170,375 times
Reputation: 82
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If you love the house and love the town, then buy. You are the one who is going to live there, not your family and friends. Plus, if you plan on staying in the house for a long time, don't worry so much about the resale value. House prices flucuate over time, and we are in down market right now.
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