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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Are you watching any houses go down - by 30k!
I bookmark houses on MLSLI with the selling price, taxes, and date - does anyone else do this and find the prices going down by as much as 30K?!
We've been watching this house:
http://www.mlsli.com/uniDetails.CFM?MLNum=1872815&saveid=359200&typeprop=1
And in the last 2 months (at least) it has gone down $30,000! The skeptic in me wonders why... It's north of the train station in Northport, is on a .37 lot, the kitchen isn't ultra-modern but it's obvious it's been upgraded, it has a basement, and the house looks very clean to me.
It's things like this that give me hope that we'll be able to comfortably afford a house next year when we're ready.
What's the largest amount you've seen a seemingly decent house go down?
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Posted 10/19/06 8:57 AM  |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Are you watching any houses go down - by 30k!
absolutely. prices are dropping like crazy. every time FH and I think about making an offer on a house, another one pops up on our MLS email that dropped that we like.
eta: that is one of the houses we are interested in. We havent seen it yet though. The beds are probably on the smaller side, but that is a bit lot.
Message edited 10/19/2006 9:01:30 AM.
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| Posted 10/19/06 8:59 AM |
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TheLorax
LOVE
Member since 2/06 5581 total posts
Name:
Suzanne / SuzBride
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Re: Are you watching any houses go down - by 30k!
our real estate agent said houses regularly drop in the fall because houses don't sell as easily in the winter, so sellers need to drop if they want to sell rapidly.
He said November is a great time to make offers (too bad we already made an offer in September because we fell in love!)
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| Posted 10/19/06 9:01 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Are you watching any houses go down - by 30k!
KP
This house in Kings Park dropped $24K in about a month, maybe less.
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| Posted 10/19/06 9:04 AM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
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LOVE being a Mommy!
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Re: Are you watching any houses go down - by 30k!
Yes - this happen with the house we just bought.
Within the last 6-7 months the price dropped about $35,000-$40,000 - and we were still able to buy the house at a cheaper price than what was listed!! 
There is hope!
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| Posted 10/19/06 9:09 AM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: Are you watching any houses go down - by 30k!
 WHOA!! 40k?!
Holey moley. I'm loving this... Makes me want to buy NOW though! 
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| Posted 10/19/06 9:13 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Are you watching any houses go down - by 30k!
Posted by greenfreak
WHOA!! 40k?!
Holey moley. I'm loving this... Makes me want to buy NOW though!
I know! I think prices will further decrease until the spring. then prices might creep back up.
FH and I are watiting until Dec/Jan to make an offer, unless something really enticing comes our way earlier.
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| Posted 10/19/06 9:18 AM |
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Marcie
Complete Happiness :)
Member since 5/05 27789 total posts
Name:
LOVE being a Mommy!
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Re: Are you watching any houses go down - by 30k!
Posted by greenfreak
WHOA!! 40k?!
Holey moley. I'm loving this... Makes me want to buy NOW though!
And we found out, last year the house was on the market for about $65,000 more than it was listed for when we bought it!! 
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| Posted 10/19/06 9:18 AM |
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Dragonfly75
I love Hypnobabies
Member since 3/06 2333 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
Oh, this house is in my neighborhood. I walk by it all the time. I don't *think* there's anything wrong with it. Might be a great deal for anyone who is interseted. A lot of houses in my nieghborhood just sold in the past month after being on the market for a while. I think what the pp said about falling prices in the fall is really true. People want to sell before it gets cold and people are too busy with the holidays to home shop.
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| Posted 10/19/06 9:21 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Are you watching any houses go down - by 30k!
I hope prices go down in the winter because we are looking to by in March. Fingers crossed!!
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| Posted 10/19/06 9:33 AM |
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ODonnell
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Member since 9/05 5983 total posts
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Re: Are you watching any houses go down - by 30k!
This house does look very nice, but I think $370K is still a lot to pay for a 2-bedroom house.
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| Posted 10/19/06 9:38 AM |
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lorich
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Member since 6/05 9987 total posts
Name:
Grammie says "Lora Gina"
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Re: Are you watching any houses go down - by 30k!
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| Posted 10/19/06 9:40 AM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: Are you watching any houses go down - by 30k!
Posted by ODonnell
This house does look very nice, but I think $370K is still a lot to pay for a 2-bedroom house.
I would too if the lot wasn't so big, and if it wasn't in an advantageous area with a good school district. Plus it has a full basement.
I would pay at least $350. for that. And it will be just the two of us, we don't need that many bedrooms. There's always the option of knocking down walls to make some spaces bigger.
Oh and the front porch would be perfect for my orchid collection!
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| Posted 10/19/06 9:48 AM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Are you watching any houses go down - by 30k!
It probably dropped in price b/c its a two bedroom house. I wouldnt pay 400K for a 2 bedroom house, no matter what town or SD its in.
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| Posted 10/19/06 9:59 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Are you watching any houses go down - by 30k!
Posted by greenfreak
Posted by ODonnell
This house does look very nice, but I think $370K is still a lot to pay for a 2-bedroom house.
I would too if the lot wasn't so big, and if it wasn't in an advantageous area with a good school district. Plus it has a full basement.
I would pay at least $350. for that. And it will be just the two of us, we don't need that many bedrooms. There's always the option of knocking down walls to make some spaces bigger.
Oh and the front porch would be perfect for my orchid collection!
i have to say i agree with this one
I think the price is pretty ok..
2 bedroom condos are going for just as much or higher in not as nice areas...
But the fact that it "dropped" ...well IMO it was over-priced to begin with then...
And that is the cause of the drop...
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| Posted 10/19/06 9:59 AM |
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MrsNaunie
Kai helps my father dump out.
Member since 9/06 1181 total posts
Name:
Lauren
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Re: Are you watching any houses go down - by 30k!
That house is adorable- so charming.
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| Posted 10/19/06 10:05 AM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
Posted by greenfreak
Posted by ODonnell
This house does look very nice, but I think $370K is still a lot to pay for a 2-bedroom house.
I would too if the lot wasn't so big, and if it wasn't in an advantageous area with a good school district. Plus it has a full basement.
I would pay at least $350. for that. And it will be just the two of us, we don't need that many bedrooms. There's always the option of knocking down walls to make some spaces bigger.
Oh and the front porch would be perfect for my orchid collection!
If you are buying it for the property, then I guess it doesn't matter how many bedrooms there are, because it looks like the existing structure has been extended already (dormers on each side). Definitely check it out if it's the location you want - that's what it's all about. But, you would be surprised how much room 2 people need. We bought a 3 bed just for the 2 of us and we use every inch. In fact, we are adding an extension already.
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| Posted 10/19/06 10:12 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Are you watching any houses go down - by 30k!
Posted by SweetTooth
It probably dropped in price b/c its a two bedroom house. I wouldnt pay 400K for a 2 bedroom house, no matter what town or SD its in.
There is a ONE bedroom listed at $379 In E. Npt.
people are nuts.
I do like that house though- it has a ton of property low taxes and good SD. I wouldnt pay $369K though - more like $339!
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| Posted 10/19/06 10:14 AM |
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Smileyd17
kids
Member since 5/05 20997 total posts
Name:
Mommy
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Re: Are you watching any houses go down - by 30k!
Im happy this is happening but is it me...Im still finding that the houses are still not worth what they are asking!!!!
We are having a hard time out there even with the price drop!
And the price drop still dont change the TAXES!
Message edited 10/19/2006 10:35:34 AM.
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| Posted 10/19/06 10:34 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
Posted by Meaghan729
KP
This house in Kings Park dropped $24K in about a month, maybe less.
I had a friend that grew up on that block. It is right next to the train tracks. Her house used to shake every time the train went by. I feel like it is still overpriced!
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| Posted 10/19/06 11:02 AM |
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Mrs-Beans
LIF Adolescent
Member since 7/06 812 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
Posted by Smileyd17
Im happy this is happening but is it me...Im still finding that the houses are still not worth what they are asking!!!!
We are having a hard time out there even with the price drop!
And the price drop still dont change the TAXES!
It is not just you-I feel the exact same way!
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| Posted 10/19/06 11:32 AM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
I just saw a house I looked at drop $43K! From 412 to 369.
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| Posted 10/19/06 11:55 AM |
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Dragonfly75
I love Hypnobabies
Member since 3/06 2333 total posts
Name:
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Re: Are you watching any houses go down - by 30k!
I haven't looked at this house, but if it's the one I'm thinking of -- it's a really good deal. It's definately the lowest price I have seen on a house in the neighborhood and I can't believe the taxes are so low!! If you're serious about buying I would check it out. Either there's something wrong with it, the sellers are really motivated or their dropping low in the hopes it will get bid up. We encountered this when we were buying in 2004 -- if the homes weren't getting much attention the owners would drop to a low price to encourage interest and bids -- it worked in 2004, who knows about today's market.
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| Posted 10/19/06 12:03 PM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: Are you watching any houses go down - by 30k!
Yes, there is a house we've been watching that within 2 weeks went down $30k!!!!!!!
ETA: I agree smiley... even with the price drops some of these houses are still way overpriced!
Message edited 10/19/2006 12:21:15 PM.
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| Posted 10/19/06 12:19 PM |
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greenfreak
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Member since 9/06 11483 total posts
Name:
greenfreak
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Re: Are you watching any houses go down - by 30k!
I don't know if it's my imagination, but I find the older colonials have less taxes if there haven't been many additions or changes.
My parents said the taxes for our house in Levittown went up a few thousand when they sold because of the changes they made to the house without the proper permits or something?
It doesn't look like much has been done to the house. But since it's empty, I'm sure they're motivated to get it sold too.
Kinda makes me wish we had a few more thousand for a decent DP and closing costs. I'd hate to look back on this a year from now and think... We should have bought it while we had the chance! 
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| Posted 10/19/06 12:21 PM |
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