Q:

What are some tips for buying real estate in Greenwood Lake?

A:

Quick Answer

The New York State Attorney General lists these tips for buying a house in New York: take a local course on home ownership, don’t be pressured by real estate agents, and research the selling prices of nearby homes. Get a home inspection or tour the house with a knowledgeable friend, and don’t simply accept the representations of the seller, ask questions, and use an attorney.

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Full Answer

Greenwood Lake is a seven-mile lake located on the border between New York and New Jersey. It is located 50 miles northwest of New York City. The population of Greenwood Lake is stable at 3,100, as of 2015. According to Zillow, housing prices on the lake range in price from $200,000 to $2 million, as of 2015. The average housing price for Greenwood Lake more broadly is $210,000 according to Zillow, and $282,000 according to Livability. Local housing prices declined after the 2008 U.S. recession, and have been slow to recover.

VillageofGreenwoodLake.org has a local business directory, a community calendar, employment opportunities, information on schools and recreation activities. Greenwood Lake is known for its boating, hiking, swimming and water-skiing, Other favorite activities are fishing, ice skating and snow-sledding. The local Newberry School district is rated 4 out of 10 by Livability, and the Monroe-Woodbury Central School district is rated 8 out of 10.

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