I don't know that you could could request them to replace it. I'm sure you could ask them about it. If it is still working you could maybe just have someone look at it and see if it would just need a few repairs. http://aceplumbing.com/heating-and-air-repairs... more
The normal practice is to have a real estate attorney come into the picture is when there is a signed contract between buyer and seller. At that point, the contracts are sent to both attorneys and Attorney Review begins.... more
Hi Ella, It does depend upon your price range. For instance I have a 5 bedroom, 3 full bath Bi Level home on Dodd Street in Verona, with a large addition. This home has an In Law suite on the ground level with 2 bedrooms, 1 full bath, a family room, office, laundry room and two walk outs, a large yard and deck, currently listed for $599k. All three of these towns are wonderful communities to live in, with higher rated school systems, and are priced higher then some of the other surrounding towns because of their location and school ratings as mentioned. Please fee to contact me for any additional questions or concerns I can answer for you. Always happy to help.... more
The lifetime gift exemption changes each year(5,250,000 for 2013). Your parents can give you the 100K and they still will not pay taxes on it. Form 709( gift tax return has to be filed) in order to comply with the IRS regulations.
Would be pleased to help you with financing. Your best bet would likely be a mortgage broker. I can recommend several to you who can help you get the best rate. You need a preapproval before looking for a home. That is the first step. Please contact me at (732) 642-4550 or by e-mail at email@example.com.... more
Conforming loan limits do vary for every county in the state. Essex County happens to be $625k. Any and all questions that you have regarding financing and loans are best forwarded to mortgage brokers. A guy I would highly recommend having a conversation with is Shane Force of Atlantic Home Loans. One of the few mortgage brokers who will not constantly hound you if you call him. 973-219-4195... more
As a buyer you will most likely be receiving the gifts at closing. A nice closing gift could be something such as a hammer and a bottle of wine. Because in NJ you are not allowed to give closing gifts worth more than $5 (We ALLLLLL follow this one) haha.... more
Land prices are usually not appraised because there is typically no financing available. It is very difficult to pay anything but cash (unless the cash is coming from another source such as an equity loan secured by another home). If you plan on building on the land, then perhaps the builder/developer can package it together and get construction financing and you can do an end loan on the whole deal. If you are planning to GC the job yourself you will need to own the land and then have the foundation in before you get any financing.
When buying a piece of property through a development company, are there other pieces just like it being sold for the same price? Premium lots can have an up-charge. Usually large development companies (over 100 lots in size) are not that negotiable because of standard pricing regulations with the State of NJ; however, individuals can resale at whatever prices they want and can discount below developer prices. You can check for these resales in other places. In a new development, it can take time to set values on land because they are not normally reported to the MLS--only resales are. Therefore it's hard to get true value except for what the developer is charging. You can always try to negotiate the best possible price with the developer. Are they offering financing on the land? This always helps if they are. Developers offer financing when the project is early in infrastructure because you may need to hold the lot for some time before you can build.
I don't really know enough to be of great help to you but I hope you can pick up some general info in this post.
We are working with a builder in Verona, NJ right now who is offering new homes in a subdivision where you can pick your lot.
We are well versed in new construction having owned our own construction company for many years.
Contact me if you need further info.
Although some companies can issue you a policy within days, If you are buying an older home give it a few weeks because an agent might have to come out to personally inspect the electrical box because in some older homes the electrical system was not upgraded to meet current standards. If the agent find this to be the case, you will not get a policy.... more
They all provide the same service. your other option is PSE+G worry free contract.
Home Warranty is great for new buyers for unexpected expense after just buying a home but in the long term very few people carry these policies.... more