Hello: This home in Ridgewood is currently under contract but I would be happy to make a call on it if you want more information. As I am a very experienced real estate agent, and very familiar with Ridgewood and the surrounding towns, I am certain that I can help you with this or any other properties in Ridgewood or anywhere else. Please contact me at any time. Thanks.
Harriet Lewis, Realtor (201)707-5640(Cell)
You had Deed In Lieu in the past. How long you have to wait until you can buy your next house?If your loan is within the conventional limits, you can buy your next house after 2 years.If your loan is expanded,highcost,
No exact rule of thumb really....different paybacks in different real estate markets. You should really consult an experienced Real Estate agent who specializes in your neighborhood. In Denver kitchens go out of style in about 5-8 years....18 years ago it when I first became a real estate agent, golden oak was in with tile countertops, 10-13 years ago it was all about maple and granite tile, then it was cherry and slab granite, now its expresso or white cabinets and Caesar Stone. The investor that I work with puts in $12K-$15K kitchens in $500-700K homes in the urban neighborhoods where the buyers are young urban professionals or empty nesters that are moving back into the urban neighborhoods and those buyers LOVE them....for most people, at least in Denver, it's all about the current LOOK not about the best quality, and because the trends are changing so fast you might not want to put in a state of the art kitchen because no matter how much you pay for it now it will not be to the buyer's taste 10 years from now, so at the time of sale the buyers will discount the home because the kitchen is dated.
Removal could cause minor or major costs. For example we removed the tank from one house in New Jersey thinking it was not a big deal. However the company, which was NJ DEP approved, removed the tank and it showed evidence of leakage. Fortunately the house was insured for this event (policy was active in 1999) and our out of pocket expenses were minor compared to what the insurance paid over $15,000. When we sold another house, we were told that before we could sell we had to take care of the tank that had been abandoned before we purchased the house. This time we chose to clean and fill with foam and have soil test taken. We found out that oil tank remediation will vary from town to town in New Jersey and could change over time. So buyers beware and sellers be prepared.... more
Here you go: Notice to buyer/seller before sigining contract AKA Opinion 86, 7 page Nj Asso of Realtors Standard contract detailed, Addendum regarding possible Short Sale,NJ Asso of Realtors Standard Form of Informed Consent to Dual AGency, well testing if applicable, CIS Consumer Info, lead paint info.
Taxes are based upon the assessed value of a home. Assessments are based upon lot size, a properties square footage, improvements, etc. Although it may seem that the taxes in the Orchard School district are lower, tax values are based on a number of factors. To find your next Ridgewood home, go to: http://www.bergencountyhomesearcher.com/results.aspx?custom=30835&propType=SF&sort=listprice_asc... more
Please reconsider this option/path to homeownership. I do agree with Don to a point and emphasize the "right situation" aspect of his response. The majority of these deals are not beneficial to a potential buyer. Depending on how the contract is written, which most are geared toward the benefit of the current homeowner, how would you benefit short and long term? What happens if you miss one payment? It is a huge gamble. Put A LOT of thought in to it before moving forward. Sometimes just renting is really the best option. Good luck to you!... more
I'm interested to know if this home buyer is still around. I do short sales as an attorney and also foreclosure mediations for the court. Right now homeowners can take up to two years to delay a foreclosure sale and then at the last moment file bankruptcy which renders the entire situation moot.
If anyone is in a time "crunch" and needs to move, avoid foreclosures and short sales. Go to a home on the market traditionally. UNLESS you see the paper with the approval from the bank for a short sale (which some banks such as CHASE are now doing I have learned this month) proceed with caution and be extremely patient.
Good luck!... more
No. The only purpose of assessed values is to levy taxes accross the municipality as fairly as possible. That does not mean that they are fair, just a best effort of fairness. They don't take into consideration decor, layout, small improvements... that affect value. The best way for you to determine value is based on comparable homes that have sold and the easiest way to get those is from a qualified Realtor or appraiser.
Feel free to contact me for more information. I don't make money for referrals, just my inspections.
Mid Jersey Inspections
NJ Home Inspector Lic. #076900... more
Actually, I would not compromise the safety of third floor single-egress guests or my own family regardless of the zoning laws. It is patently unsafe to have sleeping areas on a third floor with no secondary egress such as a fire escape at the very least.
An alternative would be a fire sprinkler system.
Building and zoning provide minimum requirements. Adequate safety frequently mandates going well beyond these bare minimums.
Member, Worldwide ERC
Licensed Realtor NJ
Licensed Appraiser NJ & NY
Century 21 Joe Tekula Realtors
Agent of the Year 2008
Owner: Sands Appraisal Service, Inc.
Phone (direct): (973) 584-4235
web: http://www.marcpaolella.com... more
Jeff - Ridgewood is lovely and probably a good bet, but remember that Realtors and Loan Officers make money when you purchase a house - the more you spend the more they make. They'll always encourage you to buy. I'd speak to a financial advisor before cashing in your 401k to place it in real estate. Weigh your options. There are a lot of regions in the US learning that real estate is not necessarily the safest place to keep you money.... more
Hey Sandy.....good question. I say "go for it" as you won't know until you do. I'm not afraid to writie up a contract with confingencies as we are experiencing some unusual things happening in this crazy market.
By the way, not only have I been in Real Estate over 25 years I've also been a licensed appraiser so give me a call to see what your home is valued at. I'll do a market analysis for you at no charge. Then we can discuss moving forward.
Good luck in any case.
201-489-0256 direct line... more