Home Buying in Lavallette : Questions & Answers

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Lee Gallman, Real Estate Pro in New Jersey
Lee Gallman answered:
will all home purchases now have to be raised? will insurance be costly ?
I recently did a renovation loan on Carmel Dr for a client which includes raising the house. I can tell you the insurance was very reasonable and the buyer negotiated a great price for ... more
0 votes Share Flag Fri Jan 3, 2014 Home Buying in Lavallette
Diane Rosetto…, Real Estate Pro in Lavallette, NJ
Diane Rosetto GRI, ABR answered:
Why aren't realtors pricing homes for todays market? They price them high and then have to go back and reduce
Yes...I understand and it can be a frustrating presentation. Although its very important to educate our sellers, sometimes they have an entire different idea of where their house is val ... more
0 votes Share Flag Sun May 5, 2013 Home Buying in 08735
Diane Rosetto…, Real Estate Pro in Lavallette, NJ
Diane Rosetto GRI, ABR answered:
flood certifcate who to call
Ask the owners if they have their flood cert first. They may have flood certification at time of purchase. If not a flood certification has to be done by surveyor . Runs $450-$550 appro ... more
0 votes Share Flag Sun May 5, 2013 Home Buying in 08735
Jay Scangare…, Real Estate Pro in Lavallette, NJ
Jay Scangarella answered:
looking to purchase foreclosure or not in Lavallette or nearby. How will this affect my homeownsrs insurance post Sany. Is thi a good time to buy?
This is a great time to buy in the shore area-there are many deals to be had-many homes damaged by the storm will be sold as is- for the value of the land alone. Feel free t ... more
0 votes Share Flag Thu Mar 21, 2013 Home Buying in Lavallette
Valentina Ga…, Real Estate Pro in Sea Girt, NJ
Valentina Gabela answered:
I would like to spend between 1 and 1.5 MM for a house in Lavalette,mantoloking,etc Looking for a great deal. Which agent would like to work with me

I am not sure if you are asking this again or if this is an old post. You need to be very careful right now. Many of the houses in those areas are going to be subject to elevati ... more
0 votes Share Flag Wed Jan 30, 2013 Home Buying in Lavallette
Bruce Waller, Real Estate Pro in Toms River, NJ
Bruce Waller answered:
Can one get a mortgage on leased land properties? How much is a land lease?
hello G6r,
mortgages on homes on land leases depend on the lenght of the lease and the condition of the home, there is a few more criteria items that a lender would need, but it can ... more
0 votes Share Flag Thu Jun 3, 2010 Home Buying in Lavallette
Gerard Dunn, Real Estate Pro in Potomac, MD
Gerard Dunn answered:
Got a real estate question? Get answers from locals, experts and real estate pros.
Don gave a great answer!

One thing to add. Normally there has to be a minimum length remaining on the land lease that exceeds the term of the loan. So - if you are looking for a 1 ... more
0 votes Share Flag Thu Jun 3, 2010 Home Buying in Lavallette
Kenneth Verb…, Real Estate Pro in Princeton, NJ
Kenneth Verbeyst CRS GRI ABR SRES GREEN Broker-Assoc answered:
Why is it that when I look at the price of a home in NJ as an investment, the potential rent(s) from the?
Mike, it has been quite a while since homes' rental prices justified their purchase prices. Most investors were counting on appreciation. Take your time as I expect rental prices to cli ... more
2 votes Share Flag Wed Jul 9, 2008 Home Buying in 08735
Stephen Chmi…, Real Estate Pro in 08724
Stephen Chmielowiec answered:
does anyone know what companies are still writing homeowners for a barrier island house?
Check with Alamo Insurance Services in Toms River. Call Neil at 732-349-5505
0 votes Share Flag Tue Oct 30, 2007 Home Buying in 08735
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