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annienyc
LIF Adult
Member since 10/06 1347 total posts
Name:
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did we overpay?
hey ladies!
Now that houses are going DOWN DOWN DOWN in price, just wondering if we overpaid on our Lynbrook house.
Here is a web link -
http://www.vlshomes.com/listings/Pix_Popup_pub.cfm?in_listing=4457599
3 bed, 1.5 bath, unfin basement, deck
S.D. #20
outside is super cute - new siding, new roof.
we paid - 470k
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Posted 10/12/06 5:08 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: did we overpay?
I don't think so. It's a great house!
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| Posted 10/12/06 5:13 PM |
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dawnie
Barb-Never removing this pic!
Member since 11/05 3932 total posts
Name:
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Re: did we overpay?
I don't think so..
Beautiful house and Lynbrook Schools!
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| Posted 10/12/06 5:18 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: did we overpay?
I dont know what the market is like in your town - but more likely than not if you bought recently the value of your home has gone down a little. the good thing though is that if you are in it for the long term, I am sure purchasing this house will be a great investment.
I bought in January and had we waited we probably could have gotten a different house a little cheaper. But you know what? Someone else would have bought the house we bought. And I love our house. you just have to try not to look back and not worry about what you paid for the house as long as you love it!
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| Posted 10/12/06 5:19 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: did we overpay?
I went to a brokers open house here when it first came out. I wanted one of my buyers to see it. VERY cute house. Congrats!
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| Posted 10/12/06 5:20 PM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: did we overpay?
my step-daughter goes to school in Lynbrook. I remember seeing your house on MLSLI, it looks GREAT for that price. I know someone that paid 510,000 for the same size house in that neighborhood that needs new windows, siding, new heating & they just found out new plumbing & it truly looks like a barn. So I'd say you did well, are prices going lower, probably but if you're planning on living there & you don't have an off the wall loan it doesn't REALLY matter.
Congrats, its a nice house.
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| Posted 10/12/06 8:03 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: did we overpay?
I think I know which house that is and I love it! I don't think you overpaid, I love the front windows. I think we live close to each other
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| Posted 10/12/06 8:33 PM |
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annienyc
LIF Adult
Member since 10/06 1347 total posts
Name:
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Re: did we overpay?
NICE! How old are your dc? My ds just turned 1!
FM me...
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| Posted 10/12/06 8:36 PM |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: did we overpay?
if your moving within the year I woudl worry, but if your staying no problem
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| Posted 10/13/06 8:02 AM |
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Freddie
LIF Adult
Member since 3/06 1162 total posts
Name:
Freddie
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Re: did we overpay?
It seems like the end of last year was the peak, go onto Zillow to see what houses have sold for in your area recently (Newsday has listings every Sunday - but their online database is not as up to date)
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| Posted 10/13/06 8:41 AM |
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danielleandscott
My new 71 Super Beetle
Member since 5/05 13476 total posts
Name:
Scott
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Re: did we overpay?
Got any Pics of the exterior of the house?
I grew up in Lynbrook - District 20 is great. My mom used to teach at the highschool
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| Posted 10/13/06 10:06 AM |
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Jessee
LIF Adult
Member since 3/06 1260 total posts
Name:
Jessee
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Re: did we overpay?
Honestly, maybe - maybe now you can get something "bigger & better" for $470K, but it's a beautiful house, and if you're happy there, I wouldn't think about that too much.
There's always going to be a dip in the market when you think, "UGH, we should have waited", but there will also be times when your home is worth A LOT more than you paid and you'll be glad you got such a great deal.
Personally, I just think with the way real estate changes, you just have to do what you think is best at the time.
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| Posted 10/13/06 10:22 AM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: did we overpay?
Cute house - I love the enclosed porch.
Imo, a house is only worth what you're willing to pay for it. You felt that what you paid is what the house was worth - why question it now? Enjoy your home.
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| Posted 10/13/06 10:26 AM |
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