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Market Conditions : Nationwide Real Estate Advice

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Activity 26,607
Yesterday at 4:05pm
Kathy Burgreen answered:
As a retired realtor in Westchester, you are going about this the wrong way. Do NOT focus on cost per square foot. You need to learn that contractor's prices are very expensive in this area and the cost of land is very expensive. The cost for materials, supplies, etc. is cheap. What you need to do now is contact some local contractors and get estimates of what they charge. Then add 10 - 20% because you will go over budget. Better to have an additional 10 - 20% above their estimates so you don't go broke.

Don't forget to add in costs for permits, architects, inspection fees, etc.
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Wed May 24, 2017
Kathy Burgreen answered:
As a retired NYC realtor and life long area resident, let me save you time and you can skip the graphs. You need to know the following:

New York City - Manhattan is the most expensive especially south of 96th St. Prices start decreasing north of 96th St. At the north end, safety becomes an issue and I would recommend you visit the neighborhood at different times of the day or night and on different days of the week. Your safety comfort may be different than mine. Also visit the local police precinct and ask them about the neighborhood.

Brooklyn and Queens - Because Manhattan is so expensive, buyers jumped to Brooklyn and bought everything in sight. Now sections of Brooklyn is just as expensive as Manhattan. There are neighborhoods where safety is an issue. Again, visit the local police precincts and ask about safety / crime. Neighborhoods: Bensonhurst, Bedford Stuyvesant, Flatbush, East New York - all need a visit to the local police department. If walking around the neighborhood, check for things like housing projects, welfare places, immigration services, halfway houses, etc. They seem to be clustered in these neighborhoods.
Queens - Since Brooklyn is now expensive, buyers are flocking to Queens while the prices are still good. It's now getting pricey like Brooklyn & Manhattan. Like Brooklyn, a visit to the local police precinct for the following neighborhoods: Jamaica, Flushing, etc.
Staten Island - not real familiar with this but Staten Island has more houses and few co-op or condo buildings. Very residential.
Bronx - Much cheaper to buy than Manhattan, Brooklyn and Queens. South of Fordham Rd. is a safety issue. A visit to the local police precinct is necessary. If you can afford it, the nice areas to buy are Riverdale, Pelham Parkway, Allerton Ave., Throgs Neck, City Island and Bedford Park.

The suburbs (Nassau County / Long Island; Westchester County; Rockland County and New Jersey) - All of the suburbs is much cheaper than anything in New York City. You will get more living space / more square footage and pay 1/2 the price. However, the property taxes will be very expensive. The reason is the school districts are much better than New York City public schools and property taxes pay for it. Housing prices vary widely depending on how good the public school district is. The suburbs also have easy public transit to Manhattan. Most commutes take 30 min. to Penn Station or Grand Central. There are plenty of buses so you don't need a car immediately.

Good Luck
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Wed May 24, 2017
Kjohnson answered:
Just last year I was told by Lake County Appeals 20% of what they would save you. Just received my email and it has gone up to I believe 37.5%....they have their hands in it too. If you found or have found better please post ... more
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Tue May 23, 2017
Lorilee Hoort answered:
I think you should get it approved for tiny home lots there is so much need for that and you would sale fast
0 votes 30 answers Share Flag
Mon May 22, 2017
Peterleung asked:
Mon May 22, 2017
Tim Le answered:
I just finish build a custom home in Tukwila 98168 3800 sq. ft walk out basement 9 foot ceiling for $120 sq/ft in 05/05/2017,, Just get more bids
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Sun May 21, 2017
Tom Fortener asked:
Sun May 21, 2017
Chris Kaufman answered:

Palm Coast is centrally located between St. Augustine & Daytona, either is about 30 mins away north & south of us, finding work within a 30 min commute should not be a major hurdle if local Palm Coast offices are not hiring at the time.

They just opened two brand new dental buildings not more than a year ago and despite what others may tell you - we can afford orthodontic work here in Palm Coast.

School wise - I have two kids and each attended different high schools - Matanzas & FPC ( due to my family moving from one side of town to the other ).. If as a Parent, you ever want to get coffee and discuss High Schools let me know..

FYI - Palm Coast is broken up into different neighborhoods/subdivisions are most often called by the first letter of the street names... As an example, you may hear someone say the "E" section. This refers to Cypress Knolls where essentially all of the streets in that neighborhood begin with the letter "E". Pine Lakes - the streets begin with "W" so it's the "W" section. and so on and so on.

Sorry to hear about your husband, and if you would prefer a "team" of Realtors to assist you in moving to Palm Coast feel free to contact the Mako RE group - we excel at getting the job done one person simply can not do on thier own.
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Fri May 19, 2017
highstream answered:
I was mistaken. The mobile home park was built by my family then sold long ago. So the question of current value also includes any potential for development of a new project on the land. ... more
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Wed May 17, 2017
Chris LaPee answered:
Hmm. Maybe the assessment laws vary state-by-state, but in Missouri, each county's assessor must determine biennially the fair-market value (FMV) of real property using the comparison sales method or, if that is impossible, the cost method (cost of construction less depreciation plus value of land). I think someone called this the replacement value. And, in some instances, the assessor will use the income method (cash flows discounted to present value).

The assessed value ("AV") is a percentage of the FMV as determined by the county's appraisers using one of the above methods. The assessment rate for residential, real property in Missouri is 19% of its FMV.

So, while I am sure states vary to a degree in their exact methodologies in levying taxes against real property, I am confident that all states associate the AV to the FMV. Any other method makes little sense.

So, in conclusion, I think everyone here is wrong. In Missouri, a quick and easy way to estimate the FMV of real estate is the following equation: AV/.19 (assessed value divided by 19 percent).
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Sun May 14, 2017
Multitradeco answered:
no one should have 9 cats in 1 home, no one wants to be your neighbor either, what a mess
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Sat May 13, 2017
Shahramberjis answered:
Thu May 11, 2017
Ejfernandes asked:
Thu May 11, 2017
pjohnston495 asked:
This home sold during that time but there is no evidence of this. Who is hiding this information. from reporting a home sale? I have been noticing this type of behavior for some time.…
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Tue May 9, 2017
Teo Georgiev asked:
I know you allow users to see which counties are currently the most expensive as a heat map but is there a way to see which areas have gotten significantly more expensive in the last 10/20…
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Tue May 9, 2017
Eugenekiel answered:
I'm an Engineer and found this question very useful, answers too. Do you have an office, or working out of your home?
0 votes 4 answers Share Flag
Tue May 9, 2017
Creep answered:
I would like to get some more information
on moving into a new house. What are the steps I'll need to make in here?
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Mon May 8, 2017
Lorri answered:
If it's the Big Island, it is subject to Volcano eruptions and earthquakes. Black Sands beach completely disappeared during an eruption. You take your chances on the Big Island. That being said, it is my favorite island. ... more
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