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Home Buying in Morris County : Real Estate Advice

  • All66
  • Local Info4
  • Home Buying20
  • Home Selling1
  • Market Conditions4

Activity 328
Fri Aug 11, 2017
Kathy Burgreen answered:
Sat Jul 29, 2017
backinsjc asked:
I am looking for a single family home and wondering if Lake Hiawatha would be a good place to settle down. I am single and this will be my primary residence... but planning to rent…
0 votes 0 Answers Share Flag
Mon May 22, 2017
Heyjude965 asked:
I'm a strong buyer 807 credit score & had 30% cash to put down. Shoudnt I've been given a chance to counter offer, doesn't the seller want the most money they can get?…
0 votes 0 Answers Share Flag
Mon Mar 13, 2017
Smay answered:
Realtors, please! Better description of the physical area of the home (e.g., overlooks the freeway, next to high school) could help reduce the need to visit the home. I am an out of town buyer, so this is critical! I can't just jump in my car and drive by the home. The realtor needs to tell me the location attributes, or it needs to be in the listing.

Seems like there isn't much info in the listing except "in a cul-de-sac". In other words, the positive attributes only. But if you like showing lots of homes, I guess this could work for you.
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0 votes 11 answers Share Flag
Tue Feb 7, 2017
Pamela Bellah answered:
My advice: When interviewing agents to represent you- ask that agent how much money they have saved or gained their clients---the one you want to hire will show you verifiable financial value well in excess of these rebates offered. I like to advance my own client's interests using the opportunities made available by professionals who rely on rebates to earn business. Just yesterday I worked with an agent who used a form incorrectly which would have cost their seller $43,000 in lost revenue. As in every industry- it pays to do your homework. ... more
0 votes 25 answers Share Flag
Wed Dec 21, 2016
Maricris A answered:

I have emailed you regarding this concern.


Consumer Care Advocate
0 votes 1 answer Share Flag
Fri Dec 16, 2016
Hi Wilo3,

The best option is to do a gift of equity purchase.

Here's how it works. Let's say the home is worth $250,000. Your parents only owe $210,000 so that means they have $40,000 in equity. They can sell the house to you for $250,000 but gift you the $40,000 equity which is treated the same way as doing a $40,000 cash down payment.

Your parents can also pay your closing costs through seller concessions so your only out of pocket expense would be for your appraisal & home inspection.

Take a look at the recommendations from some of my past clients on my Trulia profile by clicking the link below my phone number.

Please feel free to contact me for more information or help.

John Burke
Senior Mortgage Banker
Lending in ALL 50 states
Great Plains National Bank
Apply Online:
NMLS# 787231
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0 votes 1 answer Share Flag
Sun Oct 30, 2016
Amy Lee Hoffmann answered:
In Colorado, you can always put in a back up offer but the market has been so hot that the original (first) offer usually closes. But of course there is always that slim chance the first deal falls apart and you can get the home of your dreams. ... more
0 votes 14 answers Share Flag
Thu Oct 27, 2016
Jennifer G. answered:
I purchased a unit here almost a year ago (4th floor). I really do love it here. It's peaceful, feels very safe and the management company was doing a great job responding to emails and issues. Unfortunately they're leaving next month and who knows how the next company will be.
Comparative to my old condo (where I lived 10+ years), this place is amazing. Well-maintained, the cleaning crew is always here and nice, the snow is plowed very quickly and multiple times...
As for hearing neighbors, I actually don't (and I have good hearing.). And one of my neighbors has young LOUD kids but I never hear them in the unit - I just occasionally hear them in the hall. It's not a big deal though.
I love my unit and building and would definitely recommend here. I know there's an ongoing lawsuit with the builder but aside from the monthly fee going up a little, it doesn't impact life here.
... more
0 votes 20 answers Share Flag
Tue Oct 18, 2016
Alan May answered:
That depends on the lawyer.

The attorneys that I work with, assuming that they haven't done a huge amount of work at that point, will either waive their fee, or will forward any amount owed to the next transaction (assuming that you're going to use them for a new purchase/sale).

Here's an easy way to find out: Ask them.
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0 votes 1 answer Share Flag
Sat Sep 10, 2016
Mariyaluci answered:
Within the Parsippany area, 438 new construction homes erected by 19 different builders in 36 different communities are waiting to be discovered. Let Move New Homes, the largest online new home directory, help you find that perfect abode. On Move New Homes, you can filter your search many different ways to find exactly what you want. Depending on how fast you need to move into a new place, you can browse the 82 quick move-in homes, or you can view the 107 available home plans. From there, you can choose your price, which will range from 194900 to 6104990. You can also choose a house based on square footage; in Parsippany, they'll go as small as 979 to as large as 4932 square feet. Finally, you can choose homes with 1 to 4 bedrooms and 1 to 4 bathrooms. With just a few clicks, you'll have a perfectly curated list of ideas homes for your needs.
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0 votes 10 answers Share Flag
Tue May 31, 2016
Rowllup answered:
I just bought a house that UNFORTUNATELY was being sold through local realty from cartus. They make the whole process way more cumbersome then if you bout just through a realty company. They make you do two walk throughs. They doing really negotiate. They wouldn't fix the items from the inspection that needed to be addressed. They gave me $1000 to go find a contractor to have it done after we moved in. They refused to close after but on the same day of the closing of our other house so we had to be homeless for 4 nights and pay out of pocket for a hotel. Then they wouldn't do the closing first thing in the morning. They made us wait until 1pm to close and start moving in. ... more
1 vote 12 answers Share Flag
Thu May 19, 2016
Ycicalese asked:
. I will be purchasing the home within a few months for the amount of the existing mortgage (approx., $50,000). Will the closing costs be based on the $50,000 or on the value of the house?
0 votes 0 Answers Share Flag
Sat May 14, 2016
Anne Shearman answered:
The local real estate broker has this information .
In Succasunna , it is listed on Garden State Multiple LIsting Service .
0 votes 20 answers Share Flag
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