Ideally you need a local real estate agent who has a track record in completing a lot of short sales. You should interview more than one. The real estate company they work for is less an issue than their own track record in completing many successful short sales. Have them supply references. You have one shot at doing this right. Make sure you are represented by a real estate attorney who also is experienced in short sales.... more
Dear Slimremy --- I'm guessing you are looking at Hovnanian's new homes near Seven president's Park? He's building a group of homes and townhomes that will help the area. Some of the sections are in need of an upgrade but after undergoing a facelift, enduring the eminent domain issue, and investing money and time to make the area more desirable, if you're a beach person I think you'll be pleased. Beware as you approach any new development with your checkbook. Do your homework, check with me for comp's, and you can get a nice deal these days. Good luck! -- John.... more
Dear "JL" ---- Long Branch has continued to move forward with its ideas and improvements. Being a seaside community and able to attract visitors and residents gives it an edge on many other communities. The more these improvements continue and the influx of constructive residents that want to keep the town on the improvement path continues, Long Branch will find itself ahead of the pack as we move forward. Many towns are struggling right now in these times. If you don't participate and make things better, you'll find yourself left behind. Becoming a part of the area will have it's rewards. Recognize the times we are in now. Prices, interest rates, and location make LB a good choice! Let me know when and if you're ready to really look at some quality properties. Thanks -- John... more
I work in the Remax office in Ursula Plaza in Long Branch and have checked the Monmouth MLS statistics for you, and they confirm my general opinion. The average closing price of single family homes from Jan '06 to March '10 have fallen approximately 20%. Condos and townhomes have fallen about the same. Of course, each and every property must be judged and value estimated independently. All homes are not the same, even all condos in the same building are not the same. It's important to utilize the information available to you, and research the properties when establishing value. If you're still interested in buying, I'd look forward to discussing your plans and see if I can help you.
The only public servant loans I am aware of is for police/fire, I am not sure if that extends to EMS. The best programs I have found were through the unions, I am a former Corrections Officer, and my PBA provided me with the contact. If your husband has a union, I would contact the union rep. If you have any questions or if I can help you find you next home, please call or email me. Thank you and good luck!
William F. Troy
Realtor Associate SRES, e-PRO, CDPE, Luxury Home Team
Veltri & Associates Realtors
1012 Cox Cro Rd.
Toms River, NJ 08755
Direct Dial (732)281-3067
Home Fax- (732)961-0089
"When only the very best will do!"... more
it does not have to be paid back if you occupy the house for 3 years. originally it could not be used for closing or downpayment. now,some lenders are offering a bridge loan which is to be paid back after credit is recieved. 10 states,including new jersey will allow it to be used as a second lien and may not exceed the total amount needed for down payment,closing and prepaids.... more
Property taxes are based on various factors, such as square footage,(# bdrm's & baths), year built, and also the tax rates differ in each town. Therefore, a condo selling for around 300,000 that has 2 bdrms may have lower or higher taxes than a 3 bdrm condo selling for 300,000 in another development, depending on such factors such as the location and the year the condo was built.
The township will most likely give you a temporary CO for the transfer of title only. But, if you are using a mortgage to buy it - the mortgage company may want the CO and Fire Inspection done prior to release of the funds.... more
The price is $189k, 3BR, 1Ba. new to the market.
If you are currently unrepresented by an agent, feel free to email me direct and I will send you the complete MLS listing.
Francesca Patrizio, Realtor, ePro
Beware with buying a modular home. Many modulars are considered to be mobile and a mortgage company will not lend on them because they depreciate in value just like a car. Unlike a home that USUALLY appreciates in value every year. Check with your County as well. Here in the midwest they allow very few modular homes because they don't stand up to our building codes. Example..many have wiring that isnt in conduit, they have very little insulation in the walls, plastic pipes instead of copper, all no-nos here! SO check with your County Building Department first to see which are approved manufacturers than make your decision.
That said, I have seen some gorgeous modulars with vaulted ceilings, 2 person jacuzzi tubs, etc. Dont make the mistake of not figuring ALL of your expenses. Its not as simple as buying a lot and a home. You need a septic or sewer systwm, you need a water supply or well, you need electric and gas, then you need someone to hook all of these up to your home, you need some sort of foundation or pad to put this home on, so do the real math , then decide. And yes lots are neogtiable.
Good luck!... more
The address to MLS 20847503 is 2820 W BANGS AVE - see attached link for additional information. West Bangs Avenue can be accessed from from Route 33 and will take you East towards Asbury Park. It's a very accessible to commuter routes and shopping.
I sell many homes in Neptune Twp. I know the area quite well. Please let me know if I can be of further assistance. Thanks for your question. HAPPY HOLIDAYS.
That home is in foreclosure / bank-owned. 2BR 1 Bath. OK location. Needs work and is being sold "as is". I don't know if there's an underground tank but can do some further research if you're interested. It's small but it's also the least expensive home in the area.... more
In New Jersey, a Realtor can only be paid, legally, by their broker. You can contact a local agent and ask for advice. There shouldn't be any charge. As agents, our income is paid as commission at a closing.
Sharon Kozinn... more
Sometimes they do and sometimes they don't, it all evens out in the end, a good realtor works hard for you every step of the way, you have to take into the consideration that the average commission is only 4-5k and you usually have to wait about 2months for that but in the meantime if you have a contract on a home you have to deal with the sellers problems and the buyers problems, the HOME INSPECTORS problems, the attorney's problems so on and so forth and after all that maybe, just maybe you will close if not then you have worked for free for two months, it's the old risk versus reward. So the question do realtors do very little and get paid allot? my answer would be NO. Oh almost forget not to mention the weeks on end you drive people around showing homes to people who decide to go buy a For Sale Buy Owner or just not buy at all, you see realtors don’t get paid until a deal closes so sometimes they don’t get paid for months.... more
Good pick.. I have had my eye in this area myself..
My opinion.. good area to get into.
Call me, lets take a look!
Broker / Sales Associate
Orange Key Realty
JSacktig@orangekey Realty.com... more
If you look at Long Branch there has been a lot of areas which have been revitalized. From what I understand there is a plan to update and work on Broadway. As far as being safe, I think the area is changing for the better and I have not heard or read of any serious issues. If you would like to see some homes, please contact me at 732 691 1668.
Most short sales are properties that are listing in the multiple list and are for sale through realtors. What is happening is that the mortgage that is owed is (or potentially is) greater than what the sellers expect to net in the current market. The bank needs to feel that the property was marketed properly and is being sold for market price - and the best way for that to happen is for it to be listed in the MLS. Most realtors should be able to do a search in their local MLS and give you properties that are being sold as a short sale. If you need any help finding someone good in your area, please email me and I'd be happy to give you some personal recommendations. Karen.Lampiasi@cbmoves.com... more