Waldwick : Questions & Answers

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John Kruk, Real Estate Pro in Hackettstown, NJ
John Kruk answered:
Can I sell my house to a friend who will rent it back to me. I'm doing a short sale.
A "friend" is a tough one. I sell homes in an area where just about everyone knows eachother, so we would rarely see a true "arms length transaction". If you and your "friend" have no f ... more
0 votes Share Flag Mon Sep 15, 2014 Home Selling in 07463
Scott Godzyk, Real Estate Pro in 03109
Scott Godzyk answered:
my ex husband short saled the house I am now renting, the new owners want to sell the house. Can I purchase the house from him?
The only restriction may be if you were on the mortgage. Read the short sale paperwork for restrictions. If you wee not on the mortgage, you should have no liability to the amount short ... more
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
If we have to short sell our house, how will it effect my membership in an LLC business?
Your LLC membership agreement may address insolvency or financial distress. If so, your situation would have to be analyzed under the terms of the membership agreement.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
Can a neighbor or friend purchase my home in a short sale?
The general answer is yes, your neighbor or friend can purchase your home in a short sale. Most short sale documentation has an arms-length transaction affidavit. Your proposed scenari ... more
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
can i short sale my house to my girlfriend or friend and move back in?
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
Is a short sale to a friend with the intention of buying back the property from them in a few years illegal?
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes Share Flag Fri Sep 12, 2014 Home Selling in 07463
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Jeanne Feenick (908) 337-0943 answered:
How long does it take to get the "Clear to Close"?
Keep doing what you are doing -it does vary by lender. Press your LO for a timeline - he/she certainly will be in the position to answer your question better than any of here. He/she ... more
0 votes Share Flag Fri Jun 13, 2014 Home Buying in 07463
Fsbo, Real Estate Pro in New York
Fsbo answered:
Would you buy a home listed $100,000 lower than assessed value, it's located on the corner of a highway, & i'd get out of renting.?
Compare the home to other listings in the neigbourhood. Go see houses in the price range + $100,000. Consider the condition of your choice vs. the other homes. Alot of homes in the area ... more
0 votes Share Flag Thu Jul 11, 2013 In My Neighborhood in Waldwick
John Sacktig, Real Estate Pro in 08816
John Sacktig answered:
My husband wil be travelling from Norway to New Jersey this weekend and would like to look at property to rent on Monday 3rd Nov, can anyone help?
Fungi - I am assuming you mean December 3rd.

6 month rentals, 6 month furnished rentals are pretty hard to come by... especially looking to rent starting Feruary 1. and for a 6 mon ... more
1 vote Share Flag Mon Nov 26, 2012 Rentals in Waldwick
Jay Shapiro, Real Estate Pro in Tenafly, NJ
Jay Shapiro answered:
What percentage less do buyers offer when bidding on a home for sale? Do you offer less for any home your interested in for sale?
The answer to your question depends greatly on how much you value the house. If you're a seller, don't be surprised if offers come in 20% below the asking price in hopes that the buyer ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Waldwick
Mia Forsberg…, Real Estate Pro in Hackensack, NJ
Mia Forsberg-villon answered:
The home interested in needs to have a privacy/sound barrier put up. What are the chances the town would supply this? And who do you talk to?
If the barrier is not yet there it may have small chances to get funding and sounds to me like a large expense and as previously mentioned by the other responses you need to get permiss ... more
0 votes Share Flag Sun Apr 22, 2012 Home Buying in Waldwick
Gina Chirico, Real Estate Pro in Fairfield, NJ
Gina Chirico answered:
Can a previous homeowner make an offer on a property that is up for sale but, it was sold a year ago as a short sale & arms length?
Paula,

I'm not sure of the exact answer but if you were the homeowner last year that sold it in a short sale and now you want to buy it back, your biggest problem may be getting fina ... more
0 votes Share Flag Wed Apr 11, 2012 Home Buying in 07463
Tom, Real Estate Pro in waldwick, nj 07463
Tom answered:
is there an odor problem with the Waste Treatment plant for the houses nearby?
Martin,
The Water Treatment plant services Waldwick and the surrounding towns. Waldwick and HoHoKus neighborhoods surround the treatment which is tucked away in a countrified setting o ... more
0 votes Share Flag Wed May 25, 2011 In My Neighborhood in Waldwick
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Is it possible to rent a property to my fiancee (at fair market value) and then live in it also?
Griffen,
You would also pay a higher rate for the mortgage and be required to make a larger down payment. I don't know the accounting rules, but your accountant would. Before y ... more
0 votes Share Flag Sun Apr 17, 2011 Rentals in 07463
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
How do my fellows negotiate when a competitor presents a bid well bellow market?
No matter how off the offer is I encourage my sellers to respond. They don't always want to respond, but I'd rather leave it to the other side to drop out then on our side.
... more
0 votes Share Flag Fri Apr 15, 2011 Home Selling in Waldwick
12345, Home Seller in 07463
12345 answered:
part 2 Of can i short sale my house to my girlfriend and move back in...... She will be paying cash at market value
I will let everyone know how it works. Thanks for all the help
0 votes Share Flag Fri Mar 11, 2011 Home Selling in 07463
Rian Muleback, Real Estate Pro in Portland, OR
Rian Muleback answered:
How do my fellows negotiate when a competitor presents a bid well bellow market?
I like this question as it has brought many good answers and I thank all of you for the info. As for me, any offer is a welcomed sight as it gets dialogue going. It is my fiduciary du ... more
0 votes Share Flag Thu Nov 18, 2010 Home Selling in Waldwick
Jeremy Drobe…, Real Estate Pro in Kalamazoo, MI
Jeremy Drobeck answered:
Can a friend who buys then sells my short sale home to my sister, who would rent it to me.?? Would this be legal?
Just the fact that you have to ask that question, should tell you something. Why not just stay in your home? Or Just find a different home or better yet a place to rent until you can ... more
0 votes Share Flag Wed Oct 20, 2010 Home Selling in 07463
Sean Farley, Real Estate Pro in 07446
Sean Farley answered:
What is the average length of time on the market for home sales in Waldwick?
Mary- still evaluating Waldwick's current time to sell. Let's take our conversation one or two steps farther. When trying to figure out how long your home will be on the marke ... more
0 votes Share Flag Tue Oct 19, 2010 Home Selling in Waldwick
Sean Farley, Real Estate Pro in 07446
Sean Farley answered:
Does a short sale need to be disclosed when listing the house? Does it need to be disclosed prior to the purchase agreement being signed seller and?
Hi- Yes, it is necessary to disclose this fact when selling your home and your LTV (loan to value) has flipped. This notifies agents and consumers that the Seller will be the first poin ... more
0 votes Share Flag Tue Feb 23, 2010 Home Buying in 07463
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