07044 : Real Estate Advice

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Dianne Andre…, Real Estate Pro in Mill Valley, CA
Dianne Andrews answered:
My parents are gifting us $100K for the down payment of our house; would they be charged a gift tax for doing this?
You should really ask your tax advisor, as agents are not really allowed to give what may be considered tax advice.
0 votes Share Flag Sat Jan 4, 2014 Home Buying in 07044
Keith Jean-P…, Real Estate Pro in East Brunswick, NJ
Keith Jean-Pierre answered:
Can anyone recommend a good home inspector in Essex county?
I have a good one I work with, he travels all over, just had him in Monroe and he just did the VP of M&M. Send me a message if you want his details.
0 votes Share Flag Sun Apr 7, 2013 Home Buying in 07044
Javier Menes…, Real Estate Pro in Melville, NY
Javier Meneses answered:
Who normally pays for the closing costs, seller or buyer?
Well typically closing costs are the buyer's responsibility. Though the seller has their own closing expenses they're responsible for, buyers are also responsible for their ow ... more
0 votes Share Flag Thu Oct 2, 2014 Home Buying in 07044
Tony Grech, Real Estate Pro in Southfield, MI
Tony Grech answered:
What is the "conforming" loan limit in Essex county? Also, what would be the difference in interest rate between a "conforming"
Essex County is what's known as a "high loan balance" county, and the conforming limit there is $625,500.

As far as the rate differences, there is no rule, but in general you should ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick answered:
Where I can see what price a recently sold house sold for?
If it is a listed property, the MLS will be the quickest source of that info. An agent can tap that for you. In time it will feed to other sites, but to close a transaction, the agent ... more
0 votes Share Flag Sun Apr 7, 2013 Home Buying in 07044
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
Does removing a bedroom and putting in a family room decrease the value of a home?
Usually removing a bedroom is not going to get you a gain in the property value. It will, of course, depend on many things but normally it is not something you want to do to increase th ... more
0 votes Share Flag Mon Oct 22, 2012 Remodel & Renovate in 07044
Cristian Nav…, Real Estate Pro in Nutley, NJ
Cristian Navas answered:
Real estate lawyer referral? Testimonials?
Hi Olimits - I've done many deals with a local Attorney here in Nutley that I recommend without reservation. John Gizzo is a full-time Real Estate Attorney who knows how to get a deal ... more
0 votes Share Flag Sun Sep 28, 2014 Home Buying in 07044
Cristian Nav…, Real Estate Pro in Nutley, NJ
Cristian Navas answered:
Conforming vs Jumbo Loans?
Hi Olimits - if you want to get the best answers for all of your Home Loan questions, I recommend you have a conversation with a Mortgage Professional.

Here's a great Mortgage Profe ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Andrew Tisel…, Real Estate Pro in clifton, NJ
Andrew Tisellano answered:
Recommend good mortgage brokers in Morris/Essex county area in NJ? Have Testimonials?
Craig Andriulli
Vice President
NMLS #212830
Bond Street Mortgage, LLC
NMLS #191351
Cell: 201-647-4180
Office: 201-918-4980
Fax: 201-918-4981
www.craig.bondstreetloans.com

... more
0 votes Share Flag Mon Oct 15, 2012 Financing in 07044
Bill, Other/Just Looking in Southampton, NY
Bill answered:
At what point do I need to get a real estate lawyer involved?
Your real estate broker can get you to offer and acceptance, after that you need an attorney to review the contract of sale and order title and facilitate the closing.
0 votes Share Flag Sun Nov 9, 2014 Home Buying in 07044
Karin Carson, Real Estate Pro in Montclair, NJ
Karin Carson answered:
If I am looking for homes in the 450k range in Verona. What other towns are similar that I should look in?
Although each town has its own unique characteristics and market performance, similar towns worth looking into are the Caldwells, Montclair, Glen Ridge, Maplewood, South Orange.

Be ... more
0 votes Share Flag Mon Apr 30, 2012 Home Buying in Verona
Ilia Wood, Real Estate Pro in Montclair, NJ
Ilia Wood answered:
what are the commuting options from Verona to NYC?
Dear Buyer,

There are a couple of options from Verona.

- You can take their NJtransit or DeCamp bus line which runs to NYC from Bloomfield Avenue. That is about 45 minutes into th ... more
0 votes Share Flag Fri Jun 18, 2010 Home Buying in Verona
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
What does Status Unknown mean on a house that's for sale?
Hi Willsmom
I don't know where you saw this "status unknown" designation, as it isn't part of our Garden State Multiple Listing System. Where did you see this?

. ... more
0 votes Share Flag Thu Jun 30, 2011 Home Buying in Verona
Thedrjojo, Home Buyer in Newark, NJ
Thedrjojo answered:
Do physician home mortgage loans still exist in NJ?
I am starting my residency in July, also looking at Essex County right now (in attorney review right now), and Huntington Bank is offering me a Physician Loan with exactly that - No dow ... more
0 votes Share Flag Sun Mar 1, 2015 Financing in Verona
James L Stec…, Real Estate Pro in Montclair, NJ
James L Steccato answered:
Can I negotiate with a broker on the sale commission when listing the house for sale?
Everything is negotiable Guy
However
Smaller commission=less marketing=longer time on market=lower sale price=an agent that will be weak in negotiating the best price for your home.
... more
0 votes Share Flag Sat Jun 20, 2009 Home Selling in Verona
David Ryan, Real Estate Pro in Atlanta, GA
David Ryan answered:
How Low do you go??
Lucy - I question if you have a real estate agent. If you do then they should be albe to pull you the most recent comps and let you see what final selling prices are.

If you do not ... more
0 votes Share Flag Sun Aug 30, 2009 Home Selling in Verona
Shar Rundio, Real Estate Pro in Mesa, AZ
Shar Rundio answered:
House on the market 1 month has had 25 showings and no offers.
Lucy,

In my experience if you've had 10 showings and no offers the market has rejected your price. You made a (difficult, I'm sure) but wise decision to adjust the price. Give it s ... more
0 votes Share Flag Tue May 26, 2009 Home Selling in Verona
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