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Dodge
Premium
join:2002-11-27
reply to guppy_fish

Re: Easements question

said by guppy_fish:

Sorry, yes this is a great place to learn ... so, from someone that's owned over 30 property's I would say don't worry about the easements,

That's what I've gathered from this thread.

said by guppy_fish:

Didn't know or read real-estate was back to multiple full price offers in the NorthEast, then again may depend on the budget or price range.

Never really went away. Anything within reasonable commute distance to NYC just held the price. Places where prices theoretically fell, people just stopped selling unless they had to move.

Bob4
Account deleted

join:2012-07-22
New Jersey
Reviews:
·Optimum Online
You're overthinking this. It's not really a big deal. Look up the deed on the County Clerk's web site and see what (if anything) it says about who owns the easement.

Having said that, there are a bunch of people in Hunterdon County who are upset because the company that has the easement for two high-pressure gas pipelines under their property has decided to expand the easement to install a third pipeline and that pipeline will be right next to the peoples' houses. Like 5 feet away.

And Guppy, property values in New Jersey never really fell. Houses in my neighborhood are selling for higher than they were in 2006.

jeb9876

join:2010-03-28
Morrisville, PA
reply to Dodge
It is just wishful thinking that house prices in New Jersey have not gone down from the peak,even within reasonable commuting distance to New York.

Hightstown, right down the road from Englishtown, has just completed a reassessment because of property value drops from the last reassessment in 2008.

"The reassessment resulted in an average 17 percent decrease in values, Theokas said.

About half of the boroughs properties were devalued by 20 percent or more, he said."

»www.nj.com/mercer/index.ssf/2013···met.html

Just because many homeowners refuse to acknowledge reality doesn't mean that the value of their houses haven't dropped.

Dodge
Premium
join:2002-11-27
said by jeb9876:

It is just wishful thinking that house prices in New Jersey have not gone down from the peak,even within reasonable commuting distance to New York.

Hightstown, right down the road from Englishtown, has just completed a reassessment because of property value drops from the last reassessment in 2008.

"The reassessment resulted in an average 17 percent decrease in values, Theokas said.

About half of the boroughs properties were devalued by 20 percent or more, he said."

»www.nj.com/mercer/index.ssf/2013···met.html

Just because many homeowners refuse to acknowledge reality doesn't mean that the value of their houses haven't dropped.

Sorry to say but Hightstown is not a good comparison to Marlboro or Manalapan areas. School ratings are worse, taxes are somehow higher but the median income is below NJ average let alone Marlboro.

There is NJ and there is NJ. Every state has good areas and bad areas, grasping at an area that actually experienced decline in house prices does not create a good picture of the entire state.

Bob4
Account deleted

join:2012-07-22
New Jersey
reply to jeb9876
Hightstown? Ha, ha. No one wants to live there.