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Home Buying in 07731 : Real Estate Advice

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  • Local Info2
  • Home Buying17
  • Home Selling4
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Activity 11
Fri Apr 28, 2017
lyndaverrecchia asked:
You need to update the photos on this property as compared to Zillow and Realtor.zom
0 votes 0 Answers Share Flag
Sat May 16, 2015
cj0271 answered:
while a few condo's have made good investments I recommend never buying one. You are at the mercy of the condo association as far as costs and what you can and can not do, plus very poor parking in almost all of them and when prices fall, they drop the furthest and fastest . A single family home may be a bit more expensive, but that cost is usually far less than maintenance, association fees or special assessments that may be used for things you do not want or use, like a pool, a bus, new plantings a trip or to repaint all the units pink.

If you want to paint your door blue you must ask permission or face fines they will levy on you. Have a motorcycle, pick up truck , canoe or boat? lots of condo associations ban them all from being near your unit and some rent parking for $100 a month or more to keep them, usually in unguarded or non fences non secured areas
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0 votes 12 answers Share Flag
Sat May 16, 2015
cj0271 answered:
never for short sales as aside from the debt owed to them they have no legal standing to sell the property or legal obligation to maintain it until they foreclose.


After foreclosure some do some do not which is why many towns passed ordinances in the Last 6 years regarding bank owned property to allow then to fine the owners if the property is not cared for and kept neat and clean. the home next door to my friend was foreclosed 7 years ago. The bank has not yet tried selling it and never cuts the weeds that were once a lawn or otherwise maintains it at all unless she calls the town and complains .


However they all pay insurance and property taxes and sewer bills as well as code violation fines such as unsecured property, high grass, litter, junk cars etc
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0 votes 6 answers Share Flag
Sat May 16, 2015
cj0271 answered:
some do, some do not which is why many towns passed ordinances regarding bank owned property to allow then to fine the owners if the property is not cared for and kept neat and clean. the home next door to my friend was foreclosed 7 years ago. The bank has not yet tried selling it and never cuts the weeds that were once a lawn or otherwise maintains it at all. ... more
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Sat May 16, 2015
cj0271 answered:
you can try a few ways. Ask the seller to fix the problem or ask for a price reduction.


In everyplace I know of that require CO's a recent certification/proof of the quality of well water and the septic being pumped are required, so you need them both before closing


If there are higher offers you may lose the deal. but telling you there are higher offers may be a line of bull droppings just to try to dissuade your efforts. Problem is you'll never know. If your heart is not set on this place, try. If it's a perfect home in other ways just ask for them to fix it and if they do, you're in


The buyers situation matters a lot. If they need or want to sell fast you are the best bet as you put money down, have either a mortgage approval or cash, paid for tests and are likely out of attorney
review.


Personally I'd ask the seller to fix the septic and provide proof of doing so, just because it's easier, HOWEVER I bought a home a few years ago that was advertised as needing a new septic system costing around $14,000 in several estimates the sellers got. I bought the house for $45,000 . considering the high cost to replace the septic system , sure I could find someone to do the job far cheaper


I tried the water and over several months while remodeling the home and found no problems..... until one day after it was finished I took a shower while the dishwasher and the clothes washer were both on. All that water at once caused the drain water to back up. I noticed a wet spot in the otherwise dry ground dug it up and saw all it was, was an old pipe going to the septic tank was made of a tar paper type of pipe that tree roots crushed into to literally 'eat sh...' LOL . New PVC pipe cost about $20 and 2 hours digging the old pipe up with 1 hour to install it and back fill. No more -problems since that happened in 1998. Anything you do will be a gamble, so buy at the bottom dollar counting on the highest costs for all fixes, improvements and remodeling costs and you should be just fine
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0 votes 7 answers Share Flag
Fri Nov 23, 2012
Marion answered:
Its hard to say what it will cost in your area. Material can be estimated by the installation is different from place to place. Heres a link for average cost estimates - http://tiny.cc/roofcost
For best results; get a bunch of bids and pick a good company with reasonable pricing.
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0 votes 3 answers Share Flag
Sat Jul 28, 2012
Diane answered:
Hi

Unfortunately you may not contact the bank involved....With new regulations the banks have the upper hand and all the financials regarding the sellers are kept private......This is a lenghty process, My best advice to you is have a great relationship with your attorney and agent and express your concerns to them regarding the time factor.

Good luck to you and I hope everything goes well..

Diane
agent
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0 votes 6 answers Share Flag
Wed Mar 7, 2012
Francesca Patrizio answered:
PS: the listing does NOT say that the bank accepted the offer and again, having dealt with many short sales that have imploded, I feel u still have a chance if this property is still in "review" with the bank.


Francesca Patrizio, Broker Sales Associate, ePro, SREs
GLORIA NILSON REALTORS, REAL LIVING
Francesca @PatrizioRE.com
732.606.2931 (Direct/Cell 24 - 7 )
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0 votes 10 answers Share Flag
Tue Sep 27, 2011
Gina Chirico answered:
Congratulations Mike!

As stated below I recommend contacting the utility company and they should be able to provide you with an estimate of what your monthly bill will be. That number can obviously go up or down depending on your usage. You can also ask the sellers to see a copy of their most recent utility bill.

Congrats again and good luck,

Gina Chirico, Sales Associate
Lattimer Realty
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0 votes 4 answers Share Flag
Fri Jul 3, 2009
Amber Noble Garland answered:
Hi Joey:

It's great that you noticed the jump in HOA fees (home owners association), because often time buyers don't realize how important they are in the overall picture.

Every HOA group has it's share of issues, but many are HOA's are run seamlessly. Then you have other instances (often times in newer construction communities) where the HOA group may not be run as efficiently. These are the types of communities you want to be cautious about. Not only will a poorly run HOA be headache for you while you live in that community, but if you try to sell your home it could make it difficult for you to attact new buyers if your HOA develops a questionable reputation.

Cedar Glen is a community that is going through some serious challenges right now. As was already mentioned, it has been alleged that the homeowner's association was mismanaged. HOA fees increased dramatically, home values decreased significantly and now many of the home owners are frustrated.

If you're looking for a townhome around the mid $200K's (specifically in the Howell / Freehold areas), I'd like to recommend you consider other communities that seem to have HOA organization with more history. Some that come to mind include Strickland Farms, Independence Square, Patriot's Point, Wyndham Place, Adelphia Greens, Poet's Corner or Raintree.

If you're interested in Manalapan perhaps you should consider Knob Hill. Here's an attractive 1st floor golf view "Augusta" model I just listed ->>>> http://amberlovesrealestate.com/view-my-listings.asp?listing_id=1110235372

Please let me know if I can be of assistance to you in your home search.

All the best,
Amber

AMBER NOBLE-GARLAND
Weichert Realtors
455 Route 9 South
Manalapan, NJ 07726
917-723-5645-cell
732-831-6176-private fax

http://www.AmberLovesRealEstate.com

"Your Reliable Resource For NJ Real Estate, Local Info & More"
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0 votes 2 answers Share Flag
Wed Feb 25, 2009
John Sacktig answered:
Wayne,

I asked some people in the tax field and I have sort of a left, right answer from both of them.
This is opinions discussed between people and not to be misconstrued as fact.

As I understand it, you own personal property when you have this mobile home and "this year" you can qualify for the tax credit if you are a first time homebuyer. O.k.. Sounds good so far.. the other conversation discussed whether the mobile home was classified previously as a first "home" - or real property. both say no.. which would lead us to believe that you did not previously (under the guidelines) purchase a first home and therefore would be eligible.

But, as I said before.. these are two conversations with tax / accountant people and myself a Realtor.. so there is nothing much to go on other then telling you that you should actually speak to a professional about this before you move forward.

Good Luck
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