I Was Offered a Massive Sum for My House. Here's Why I'm Not Biting

I live in the suburbs of New Jersey, and there's nothing particularly special about my town. I'm not saying it's a bad place to own a home -- the schools are good, and there are plenty of nearby amenities, from parks to restaurants. But my town happens to have a really high property tax rate, whereas most nearby towns don't charge as much.

That said, one thing that makes my town unique is that it offers easier access to New York City than most neighboring towns do. Not only are many streets -- mine included -- within walking distance to an express bus stop, but there's also a train. And while a lot of people are still working remotely as a result of the pandemic, that situation could change soon. As such, I do see why some suburban-bound buyers might favor my town over another.

Image source: Getty Images.

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