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    All Forums | Investments

    East Coast Real Estate

    «First Previous 12
    Wake2002
    wallstreetcappers
    accventures
    montedamastiff
    KOAJ
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    «First Previous 12
     
    Wake2002
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    Posted: Jan. 27, 2008 - 10:59 AM ET #26

    Wall,
           Out of all the places in the country to move, you're picking  my area, haha.  I feel honored.  I live in KOP (just bought there this past May).  I looked in all the same areas you did, Collegeville, Conshy and KOP, etc. and settled in on KOP.  Can't beat the low property taxes.  I'm not sure about Conshy, but in Collegeville, be prepared to pay a little more than twice as much in taxes a year than you would in KOP for a similar valued property.  The mall and all of the businesses are huge in keeping property taxes down.  The only draw back is you won't find too many houses in the KOP area with more than a quarter acre of land.  Me, I don't mind this as it means less yard work, haha, but I know its more important to others. 
     
           I am far from an expert in real estate, but from a novice's point of view (and you can take it for what it is worth) Conshy was supposedly one of the hot places of the area 3-4 years ago with alot of new construction, condos etc., so I think you may have missed out on the timing there a little.  Its a nice area though, some decent restaurants, pubs etc. 
     
           Anyways, good luck with the move, and if you wanted some recommendations on the area, let me know.  I grew up in Wynnewood (Lower Merion area), so I also know the main line pretty well, and my parents just moved out to Delaware County, so I know a few things about the Broomall, Newtown Square, Media, Springfield area as well if you were interested.
     
           
    Reply
    Wall,
           Out of all the places in the country to move, you're picking  my area, haha.  I feel honored.  I live in KOP (just bought there this past May).  I looked in all the same areas you did, Collegeville, Conshy and KOP, etc. and settled in on KOP.  Can't beat the low property taxes.  I'm not sure about Conshy, but in Collegeville, be prepared to pay a little more than twice as much in taxes a year than you would in KOP for a similar valued property.  The mall and all of the businesses are huge in keeping property taxes down.  The only draw back is you won't find too many houses in the KOP area with more than a quarter acre of land.  Me, I don't mind this as it means less yard work, haha, but I know its more important to others. 
     
           I am far from an expert in real estate, but from a novice's point of view (and you can take it for what it is worth) Conshy was supposedly one of the hot places of the area 3-4 years ago with alot of new construction, condos etc., so I think you may have missed out on the timing there a little.  Its a nice area though, some decent restaurants, pubs etc. 
     
           Anyways, good luck with the move, and if you wanted some recommendations on the area, let me know.  I grew up in Wynnewood (Lower Merion area), so I also know the main line pretty well, and my parents just moved out to Delaware County, so I know a few things about the Broomall, Newtown Square, Media, Springfield area as well if you were interested.
     
           
     
    wallstreetcappers
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    Posted: Jan. 27, 2008 - 2:35 PM ET #27

    Wake,

    Thanks!

    We lived out in Spring City so I remember taxes quite well..also looking at some houses online I was estimating taxes at 1k a month..maybe a hair less, maybe more.

    Collegeville is nice, but I would prefer Conshy or KoP, the problem with KoP if you want new or newer the price is higher dramatically, that or the houses are OLD and small..

    Made a trip out there recently and found a Gambone development off Egypt and Germantown Pike..nice but too expensive.

    Gambone considers themselves a mid to upper builder, but I dont after seeing upper builders in this area. Gambone cheaps out many features..the place we had built was lacking in many areas, compared to say a Toll brothers house.

    If I had a little more dough I would probably try and slide down towards Villanova/Gulph Mills/Malvern/Paoli area..but those are either small and old or expensive too.

    We have to get this house moving before consider there though.
    Reply
    Wake,

    Thanks!

    We lived out in Spring City so I remember taxes quite well..also looking at some houses online I was estimating taxes at 1k a month..maybe a hair less, maybe more.

    Collegeville is nice, but I would prefer Conshy or KoP, the problem with KoP if you want new or newer the price is higher dramatically, that or the houses are OLD and small..

    Made a trip out there recently and found a Gambone development off Egypt and Germantown Pike..nice but too expensive.

    Gambone considers themselves a mid to upper builder, but I dont after seeing upper builders in this area. Gambone cheaps out many features..the place we had built was lacking in many areas, compared to say a Toll brothers house.

    If I had a little more dough I would probably try and slide down towards Villanova/Gulph Mills/Malvern/Paoli area..but those are either small and old or expensive too.

    We have to get this house moving before consider there though.
     
    accventures
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    Posted: Jan. 29, 2008 - 8:24 AM ET #28

    I have had some good success buying condos and homes in the coastal georgia area where I live.  I rehab them and flip them.  I will not do a deal unless I can buy it, rehab it and put it back out on the market for an attractive price.  I also use a flat fee MLS deal that allows me to get the property in the local and realtor.com MLS for $499.
     
    I will not make an offer ona  property unless I can net at least $15k on it.  I did two in 2007:  one was $18k and the other was $21k.  Not too bad for side money.
    Reply
    I have had some good success buying condos and homes in the coastal georgia area where I live.  I rehab them and flip them.  I will not do a deal unless I can buy it, rehab it and put it back out on the market for an attractive price.  I also use a flat fee MLS deal that allows me to get the property in the local and realtor.com MLS for $499.
     
    I will not make an offer ona  property unless I can net at least $15k on it.  I did two in 2007:  one was $18k and the other was $21k.  Not too bad for side money.
     
    accventures
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    Posted: Jan. 29, 2008 - 8:25 AM ET #29

    Not sure about other areas but the foreclosure auction thing where I live is VERY crowded and competititive.  It's a better bet to hook up with some smaller community banks so that they call you when they take something back.
    Reply
    Not sure about other areas but the foreclosure auction thing where I live is VERY crowded and competititive.  It's a better bet to hook up with some smaller community banks so that they call you when they take something back.
     
    montedamastiff
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    Posted: Feb. 2, 2008 - 10:46 AM ET #30

    Wall, I live in central NJ on jersey shore. Doing general contracting and in process of getting home inspection liscense.  Construction is slow.  I don't know your time frame but prices are starting to drop big time.  Example, I have friend who listed for 719 dropping to 650.  What happened here, was people refinaced,got equity loans and spent the money like it was candy.  I know foreclosures will be hitting shortly.  If your interested in central NJ. I could keep my eyes open. Let me know.
    Reply
    Wall, I live in central NJ on jersey shore. Doing general contracting and in process of getting home inspection liscense.  Construction is slow.  I don't know your time frame but prices are starting to drop big time.  Example, I have friend who listed for 719 dropping to 650.  What happened here, was people refinaced,got equity loans and spent the money like it was candy.  I know foreclosures will be hitting shortly.  If your interested in central NJ. I could keep my eyes open. Let me know.
     
    montedamastiff
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    Posted: Feb. 2, 2008 - 10:49 AM ET #31

    Fish, I bought a prop in Naples,   Trying to sell, what a blood bath.  Sold one in Boca,  Parkland.  It wasn't good.
    Reply
    Fish, I bought a prop in Naples,   Trying to sell, what a blood bath.  Sold one in Boca,  Parkland.  It wasn't good.
     
    montedamastiff
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    Posted: Feb. 2, 2008 - 10:56 AM ET #32

    Coverditty, My wifes company is in Alpha. Her NJ company was bought by company in Alpha.  What is life like in Alpha?  Main company came in and slashed 50 jobs. She is safe for now. But a transfer there is not out of question.  Been in NJ most of my life. But man the cost of living is getting out of hand. Don't know if I could handle culture shock.
    Reply
    Coverditty, My wifes company is in Alpha. Her NJ company was bought by company in Alpha.  What is life like in Alpha?  Main company came in and slashed 50 jobs. She is safe for now. But a transfer there is not out of question.  Been in NJ most of my life. But man the cost of living is getting out of hand. Don't know if I could handle culture shock.
     
    wallstreetcappers
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    Posted: Feb. 2, 2008 - 11:27 AM ET #33

    Thanks!

    Not looking in NJ, rather outside Philly in the close suburbs.

    Prices here are getting killed day in and out..to the tune of 200k in the last year or so for the house we have.


    Reply
    Thanks!

    Not looking in NJ, rather outside Philly in the close suburbs.

    Prices here are getting killed day in and out..to the tune of 200k in the last year or so for the house we have.


     
    KOAJ
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    Posted: Feb. 4, 2008 - 9:32 AM ET #34

    wall - NJ real estate article
    Reply
    wall - NJ real estate article
     
    wallstreetcappers
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    Posted: Feb. 4, 2008 - 11:36 AM ET #35

    Whats with the 30 yr old Specter avatar?


    Reply
    Whats with the 30 yr old Specter avatar?


     
    wallstreetcappers
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    Posted: Feb. 4, 2008 - 11:45 AM ET #36

    Good article..sounds like NJ is even more overpriced and taxed than Pennsylvania.

    Housing auctions?? might have to look into that too.
    Reply
    Good article..sounds like NJ is even more overpriced and taxed than Pennsylvania.

    Housing auctions?? might have to look into that too.
     
    KOAJ
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    Posted: Feb. 4, 2008 - 2:19 PM ET #37

    spector is going to bend belichick over in senate hearings

    as a jets fan, id like to make sure that everyone knows who arlen spector is and the good work he does

    NJ is insanity...taxes are awful and north jersey thinks they are new york even though they are a 30 minute bus ride to the port authority...so they ask NY prices


    Reply
    spector is going to bend belichick over in senate hearings

    as a jets fan, id like to make sure that everyone knows who arlen spector is and the good work he does

    NJ is insanity...taxes are awful and north jersey thinks they are new york even though they are a 30 minute bus ride to the port authority...so they ask NY prices


     
    montedamastiff
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    Posted: Feb. 4, 2008 - 3:50 PM ET #38

    Koaj,  I downsized my house 4 years ago.  In my former house for 5 years.    Year one taxes, 7500    Year 5  12,000    When I sold , I was told it was going to be 19,000 in next year.  By the way, I had to pay for garbage pick-up and never in 5 years did I get city to pick yard debri.  It is crazy in this state.
    Reply
    Koaj,  I downsized my house 4 years ago.  In my former house for 5 years.    Year one taxes, 7500    Year 5  12,000    When I sold , I was told it was going to be 19,000 in next year.  By the way, I had to pay for garbage pick-up and never in 5 years did I get city to pick yard debri.  It is crazy in this state.
     
    KOAJ
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    Posted: Feb. 5, 2008 - 10:36 AM ET #39

    monte - i am worried abotu taxes when i buy

    from what i read, towns actually raise prop taxes based on assessed land value but they never lower your taxes when land value declines

    ive heard from friends that in NJ you can actually take the town to court to get them to lower your prop taxes
    Reply
    monte - i am worried abotu taxes when i buy

    from what i read, towns actually raise prop taxes based on assessed land value but they never lower your taxes when land value declines

    ive heard from friends that in NJ you can actually take the town to court to get them to lower your prop taxes
     
    Fish Naked
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    Posted: Feb. 5, 2008 - 10:52 AM ET #40

    Quote Originally Posted by montedamastiff:

    Fish, I bought a prop in Naples,   Trying to sell, what a blood bath.  Sold one in Boca,  Parkland.  It wasn't good.
    Monte...as you may be aware, ammendment one passed last week. Portability, the only good thing in it, could help things turn around. I wanted to sell our house in Broward county 2.5 years ago when we could have gotten about 450k and move to Georgia or the Carolinas, but the wife said no. I don't think we could get 325k for our house now. I feel your pain.
    Reply
    Quote Originally Posted by montedamastiff:

    Fish, I bought a prop in Naples,   Trying to sell, what a blood bath.  Sold one in Boca,  Parkland.  It wasn't good.
    Monte...as you may be aware, ammendment one passed last week. Portability, the only good thing in it, could help things turn around. I wanted to sell our house in Broward county 2.5 years ago when we could have gotten about 450k and move to Georgia or the Carolinas, but the wife said no. I don't think we could get 325k for our house now. I feel your pain.
     
    montedamastiff
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    Posted: Feb. 5, 2008 - 11:48 AM ET #41

    Thanks Fish,  Thinking about Carolina.  I like flipping.  Do the work myself.  Now everyone is trying to flip.  I made cardinal mistake speculation in Fla.  not my game.  Bandwagon jumpers always lose. It's like betting sports.  If you didn't get line at 6 don't lay 10. Had friends make money in Fla. at that time a monkey could of made money. 
    Koaj, I have heard of that also. Need comps of neighbors and try to fight. My new house year 1 taxes 3700.  Year 4  5200.
    Reply
    Thanks Fish,  Thinking about Carolina.  I like flipping.  Do the work myself.  Now everyone is trying to flip.  I made cardinal mistake speculation in Fla.  not my game.  Bandwagon jumpers always lose. It's like betting sports.  If you didn't get line at 6 don't lay 10. Had friends make money in Fla. at that time a monkey could of made money. 
    Koaj, I have heard of that also. Need comps of neighbors and try to fight. My new house year 1 taxes 3700.  Year 4  5200.
     
    wallstreetcappers
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    Posted: Feb. 5, 2008 - 12:24 PM ET #42

    Down here Maricopa county has been moving assesments higher and higher and higher..getting close to actual selling prices for tax year 2009.


    Reply
    Down here Maricopa county has been moving assesments higher and higher and higher..getting close to actual selling prices for tax year 2009.


     
    boiler-room
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    Posted: Feb. 5, 2008 - 6:35 PM ET #43

    Quote Originally Posted by Fish Naked:

    Monte...as you may be aware, ammendment one passed last week. Portability, the only good thing in it, could help things turn around. I wanted to sell our house in Broward county 2.5 years ago when we could have gotten about 450k and move to Georgia or the Carolinas, but the wife said no. I don't think we could get 325k for our house now. I feel your pain.
         i own a house that i rent out in the daytona beach area,,,not much of a tax break,,they will go from about 3200 to 3100,,portibility is good though,,,,,,i laugh when people complain that those taxes are high,,,living in nyc and growing up in bergen county nj where my moms house was taxes were like 9 grand,,,,talk to some of my friends and people i know in fla and they complain about the high taxes,,then when u tell them their police,  etc.. etc...schools etc,, will be cut they freak out,,,,they dont realize u cant have it both ways,,,safe town ,,excellent schools etc.. cost money,,taxpayer money ,,,,,,my answer is keep my extra 100 bucks and keep the town services good and safe and the schools grade a
    Reply
    Quote Originally Posted by Fish Naked:

    Monte...as you may be aware, ammendment one passed last week. Portability, the only good thing in it, could help things turn around. I wanted to sell our house in Broward county 2.5 years ago when we could have gotten about 450k and move to Georgia or the Carolinas, but the wife said no. I don't think we could get 325k for our house now. I feel your pain.
         i own a house that i rent out in the daytona beach area,,,not much of a tax break,,they will go from about 3200 to 3100,,portibility is good though,,,,,,i laugh when people complain that those taxes are high,,,living in nyc and growing up in bergen county nj where my moms house was taxes were like 9 grand,,,,talk to some of my friends and people i know in fla and they complain about the high taxes,,then when u tell them their police,  etc.. etc...schools etc,, will be cut they freak out,,,,they dont realize u cant have it both ways,,,safe town ,,excellent schools etc.. cost money,,taxpayer money ,,,,,,my answer is keep my extra 100 bucks and keep the town services good and safe and the schools grade a
     
    KOAJ
    KOAJ
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    Posted: Feb. 18, 2008 - 8:01 AM ET #44

    wall - went to see a few houses yesterday. the talk amongst agents is that Fannie/Freddie raising their loan limit to over 700k will save the industry. (no chance)

    my guy had 7 deals scheduled to close in october, 5 fell through...

    he said its worse now...he wont even speak to anyone without them getting preapproved
    Reply
    wall - went to see a few houses yesterday. the talk amongst agents is that Fannie/Freddie raising their loan limit to over 700k will save the industry. (no chance)

    my guy had 7 deals scheduled to close in october, 5 fell through...

    he said its worse now...he wont even speak to anyone without them getting preapproved
     
    wallstreetcappers
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    Posted: Feb. 18, 2008 - 12:48 PM ET #45

    Ive heard PA still is strong, not that I am even close to selling..the market here keeps crashing, worse every month.


    Reply
    Ive heard PA still is strong, not that I am even close to selling..the market here keeps crashing, worse every month.


     
    Stuckey
    Stuckey
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    Posted: Feb. 18, 2008 - 1:14 PM ET #46

    Malvern, my area
    Reply
    Malvern, my area
     
    wallstreetcappers
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    Posted: Feb. 18, 2008 - 1:21 PM ET #47

    Stuckey,

    Considering that exact area.

    Either KoP, Malvern, Conshohocken..close to the 202/76/476

    Problem is the prices are either way high, or the houses are way old and small or you have to go to Pottstown to find a deal.

    Considered a development off Germantown Pike and Egypt from Gambone. Had a house from them last time we lived out there..
    Reply
    Stuckey,

    Considering that exact area.

    Either KoP, Malvern, Conshohocken..close to the 202/76/476

    Problem is the prices are either way high, or the houses are way old and small or you have to go to Pottstown to find a deal.

    Considered a development off Germantown Pike and Egypt from Gambone. Had a house from them last time we lived out there..
     
     
    sasquatches1
    sasquatches1
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    Posted: Feb. 23, 2008 - 8:37 AM ET #48

    coverditty, you can buy a $250K house in Alpharetta for $125k?  That's a great area. 
    Reply
    coverditty, you can buy a $250K house in Alpharetta for $125k?  That's a great area. 
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