Home Buying in Verona : Questions & Answers

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Calvin James, Home Buyer in Orem, UT
Calvin James answered:
Just did a home inspection; the furnace is over 40 years but it is still in working condition. Can I request the sellers to replace the furnace?
You can, but that doesn't mean they'll do it. You also do want it to be done cheaply. I would have a furnace repair shop look at it. An old furnace can be a time bomb! http://www.da ... more
0 votes Share Flag Thu Nov 13, 2014 Home Buying in 07044
John Westrich, Real Estate Pro in Wyckoff, NJ
John Westrich answered:
At what point do I need to get a real estate lawyer involved?
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 a ... more
0 votes Share Flag Sun Nov 9, 2014 Home Buying in 07044
Sabrina Puleo, Real Estate Pro in New Jersey
Sabrina Puleo answered:
Hi, How difficult is it to find a mother/daughter home or home with an in-law suite in towns like Verona, Livingston or Nutley?
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 ... more
0 votes Share Flag Mon Oct 6, 2014 Home Buying in Verona
TERRY MCCARL…, Real Estate Pro in Cape Coral, FL
TERRY MCCARLEY answered:
why does it "depends" when it comes to gift tax?
Questions regarding tax matters should be addressed by an accountant - real estate agents can't give tax advice or legal advice.
0 votes Share Flag Sun Sep 28, 2014 Home Buying in 07044
Matthew DeFe…, Real Estate Pro in 07110
Matthew DeFede answered:
Real estate lawyer referral? Testimonials?
Darren Dibiasi on Centre St in Nutley.
0 votes Share Flag Sun Sep 28, 2014 Home Buying in 07044
Linda Grey,…, Real Estate Pro in 32128
Linda Grey, Realtor, e-Pro,SFR answered:
Please email me the taxes on this home. Thanks.
When inquiring about taxes it is always best to provide a full property address that way someone can assist you with some knowledge about the property.
0 votes Share Flag Sat Feb 15, 2014 Home Buying in Verona
isaac.levinz…, Other/Just Looking in New York, NY
isaac.levinzon answered:
My parents are gifting us $100K for the down payment of our house; would they be charged a gift tax for doing this?
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 ... more
0 votes Share Flag Sat Jan 4, 2014 Home Buying in 07044
Randy Cohen, Real Estate Pro in Marlboro, NJ
Randy Cohen answered:
I am first time house buyer. Currently I am living in NY but would like to move to North Bergen, NJ and buy an apartment.
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 b ... more
0 votes Share Flag Fri Dec 20, 2013 Home Buying in 07044
Andrew Tisel…, Real Estate Pro in 07024
Andrew Tisellano, Broker/Assoc answered:
What is the luxury property tax value in Houston?
Try asking this question under a Houston zip code
0 votes Share Flag Thu Dec 19, 2013 Home Buying in 07044
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
$100K is almost half of the sales price of the apartment
which apartment?..............and, what is your question regarding this apartment?
0 votes Share Flag Mon Dec 16, 2013 Home Buying in 07044
Lee H. Schaf…, Real Estate Pro in Randolph, NJ
Lee H. Schaffer CMPS, CMHS answered:
Just wondering, where does the closing usually take place?
Closings usually take place at the buyer's attorney office.
0 votes Share Flag Wed Nov 27, 2013 Home Buying in 07044
Mary Black, Real Estate Pro in Lake Zurich, IL
Mary Black answered:
How far in advance should I schedule my final walk through with the sellers?
I like to do it after they have moved out so there are no unexpected issues. either the night before or morning of.
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Kyle Kovats, Real Estate Pro in Roseland, NJ
Kyle Kovats answered:
Conforming vs Jumbo Loans?
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 m ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Kyle Kovats, Real Estate Pro in Roseland, NJ
Kyle Kovats answered:
What is the etiquette when it comes to giving closing gifts? Should you give a gift as a buyer? If so, what type of gift should be given?
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 giv ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Kyle Kovats, Real Estate Pro in Roseland, NJ
Kyle Kovats answered:
If a buyer has asked for seller concessions, who shoulc be marked on the contract for specific items--appraisal, ILC, etc.?
Usually we see the attorney's handle all the sellers concessions. Contact your attorney in this type of situation.
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
Kyle Kovats, Real Estate Pro in Roseland, NJ
Kyle Kovats answered:
What is the "conforming" loan limit in Essex county? Also, what would be the difference in interest rate between a "conforming"
$625,000. Anything over that would be a jumbo loan.
0 votes Share Flag Thu Nov 21, 2013 Home Buying in 07044
The Bolcar T…, Real Estate Pro in Montclair, NJ
The Bolcar Team answered:
A development co. that owns the land. Do development co. normally negotiate? How do I negotiate a price? Do I need an appraisal?
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 su ... more
0 votes Share Flag Wed Jul 31, 2013 Home Buying in 07044
Jennifer Fiv…, Real Estate Pro in Red Hook, NY
Jennifer Fivelsdal answered:
How long does it usually take to get a homeowners insurance policy issued?
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 electri ... more
0 votes Share Flag Fri Jun 7, 2013 Home Buying in 07044
Andrew Tisel…, Real Estate Pro in 07024
Andrew Tisellano, Broker/Assoc answered:
Can anyone recommend a trusted / good reviewed 3rd party home warrany company (specifically for protection on central A/C units and gas furnace)?
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 ... more
0 votes Share Flag Wed May 1, 2013 Home Buying in 07044
Michael R. P…, Real Estate Pro in Woodcliff Lake, NJ
Michael R. Personette answered:
Does the mortgage home appraisal list what the rebuild value of the home is?
Look at the Wellsfargo 203k loan
0 votes Share Flag Mon Apr 22, 2013 Home Buying in 07044
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