Slow Labor Day Weekend

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Went to look at 2 open houses over labor day weekend. There wasn’t much going on as to be expected, but I was hoping for more.

The first house was on a main street in Morris Township, was built in 1918 and had hardwood floors through out. It was a nice place, the floors were very creaky upstairs and in the finished attic(sp??). They were asking 475k and since it was the first house I’ve looked at in Morris Township I’m not sure how that price point stacks up. The house was on the market for 20 days and was vacant as the owners have moved out recently.

The second place was a condo in Morristown. I’m not looking for condos, but I saw it on my way home so I figured I’d stop in. Was a nicely setup 2 bed, 1.5 bath place. If I were looking for a first place as an OO I’d consider it at the asking price of $375. It was a FSBO and the guy showing the place (a friend of the owners) said they had already moved out and were carrying to mortgages now and would be very flexible on price.

The Open House Count is now up to 12 homes. Only 88 more to go!?!

What I have realized is just looking at the open houses isn’t good enough. I am going to start documenting which houses I’ve looked at and then on the first of every month take a look to see if any of them have sold and for what.

Scott Costello
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