The one in the affordability part is just an estimate, or perhaps a national average. Regardless, it would do you well to ignore it unless you can change it in the calculator (it's been a while since I played with that, so I can't remember), especially if you're looking in Maplewood where taxes are especially high.... more
Maplewood Housing Market February 2014The Maplewood housing market is a hot one. In fact, there are so many buyers right now that with inventory so low, homes can't be listed fast enough to sufficiently
I am going to disagree a bit with my peers - while I caution buyers and sellers that there is no direct straight line relationship between market value and township assessed, I would not dismiss a correlation between the two among comparable properties.
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It is highly recommended that Buyers use the services of a buyer's agent, in fact it doesn't cost the buyer any money to have an expert adviser to help with understanding the value of the home you may want to buy. I am an Accredited Buyer's Representative--ABR designation. You get the most bang for you buck when represented this way as ABR certified agents have extra training that is specifically earmarked to use when working with buyers.
That being said, sometimes you can still end up in a dual agency scenario (your agent works for a broker that is actually responsible for the transaction) even when you have taken the above steps as many of the agencies in the area are corporately owned and by definition, that can ironically make a transaction with two different offices a Dual Agency transaction.
By law, your agent is supposed to supply you with the Consumer Information Statement (CIS) that helps to explain the different types of "agency."
Lastly, you should have an increased chance of preventing this situation if you use a Keller Williams agency as there are each independently owned and operated (as a franchisee).
In the end, you need to be comfortable with the person you chose to represent you as that is what is truly most important and you never know, your agent may have the perfect listing for you!... more
You can appeal with a lawyer or on your own. If you choose a lawyer i can recommend one who is very successful with tax appeals. if you choose to do it yourself, i'd be happy to provide comparable sales for you to use with the town. maplewood has had a revaluation fairly recently so some properties have come up and some have come down. tax appeals need to be filed in the spring. i'd need more specifics to be able to speak to the situation you describe. please contact me and i'd be glad to help and also help you negotiate a better price with the seller agent. 201 600 8141... more
I am finding that would have considered a significant locational issue at one time has turned into a huge selling point in my market place. Buyers are looking for proximity to the train station and Meeker is close to both S. Orange and Mountain Station. If you need more information about the area please feel free to contact me. You can also check out my website for Maplewood and S. Orange homes: www.bestnjtowns.com.... more