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In My Neighborhood in New Jersey : Real Estate Advice

  • All1K
  • Local Info90
  • Home Buying1K
  • Home Selling174
  • Market Conditions25

Activity 361
Sun Oct 8, 2017
Kathy Burgreen answered:
As a retired realtor, let me educate you on some facts that active licensed realtors will NOT or cannot tell you:

Reality is owners who sell within the first 3 - 5 years after buying their home will LOSE money selling their home. It takes a few years depending on the local market to gain equity where you can sell your home for a profit. If selling quickly after buying, in most housing markets (not all), the seller will need to bring money to close the sale.

Buyers will look at recently sold homes that are similar to yours and in similar condition before submitting an offer on your home. Unfortunately if you recently bought your home, the price you paid will be used as a comparable. Therefore, every buyer who submits an offer will use the price you paid - then LOWER their offer. This means you will need to accept a buyer who is paying less than what you did.

For the reasons above, my question is - did you view the home before buying it? Did you have a home inspection? Did you have a walk thru just before closing? All these things are done for a reason. The reason being that the buyer has plenty of time to cancel the transaction and walk away BEFORE closing on the home. Therefore, my question is - why didn't you take advantage of these opportunities so you wouldn't be in your situation now. Your situation was easily preventable. Nobody forces you to buy the home. Buyers are responsible for verifying everything BEFORE signing any closing documents.

Bottom line - yes you can sell your home. However, expect to take a lowball offer and you will need to lower your asking price - possibly to less than what you paid. I just feel bad because you are going to lose thousands of dollars selling. As for selling itself, you can use Zillow, Trulia & other websites to post your home for sale or use a realtor.
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Thu Sep 28, 2017
Nancy Leder answered:
Depends where it is..... Certain parts of Chambersburg are worth more than others and depends what condition its in...
0 votes 1 answer Share Flag
Wed Sep 20, 2017
Ummehani.sadarwala asked:
We would like to have ease of commute to NYC and have a small family with 1 infant. would love to families with similar demographics around us.
0 votes 0 Answers Share Flag
Tue Sep 19, 2017
Leahl1993 asked:
Mon Sep 18, 2017
connoranne answered:
it took me about 3 months to get mine removed, i went with a company called Select Us i didnt try to get it removed myself. what was great about going with a company and not doing it myself was that a judgment that i didn't know about had came out of no where and they also helped me settle it before it hit my credit... they where really great ... more
1 vote 8 answers Share Flag
Fri Aug 11, 2017
Kathy Burgreen answered:
Don't count on it! The public school systems in the NYC suburbs (including NJ) have been the same since the 1970's - 1980's. Before then, most suburban school districts were 90%+ white. Then between the 1980's - 2000's, a lot of white flight took place in some suburbs and those suburbs became heavily minority. From the early 2000's politicians have tried various methods to improve the schools and most of them failed. The result today is there is a HUGE education gap between those school districts in wealthy mostly white neighborhoods and schools in low income mostly minority neighborhoods. Yes, this includes Hoboken.

The real shame of it is that Mark Zuckerberg, CEO of Facebook announced on Oprah that he was donating $1 million to fix Newark public schools a few years ago. Well, now that the money was spent, the public schools in Newark are just as bad as they were before Mark donated $1 million.

So to answer your question - if $1 million cannot fix the school system in Newark, what makes you think anything will change in nearby Hoboken? If home's are cheap in Hoboken, there is a reason for it.
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0 votes 1 answer Share Flag
Tue Aug 1, 2017
Mary answered:
Hi,

I have received your follow up request regarding the incorrect street view of the property. Please be advised that I have manually removed the street view of this property and the photos of your home is not appearing anymore.

https://www.trulia.com/homes/New_Jersey/Pitman/sold/663474-522-S-Broadway-Pitman-NJ-08071

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
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0 votes 1 answer Share Flag
Sat Jul 22, 2017
Rmmatera315 asked:
Thu Jul 13, 2017
Celeste Iapichino answered:
Work with a reputable real estate agent and you won't need to use Trulia. The agents screen properties and help you avoid situations like this.
0 votes 4 answers Share Flag
Wed Jul 5, 2017
Tenisha Perry answered:
Thu Jun 22, 2017
Richard Webb answered:
Mon Jun 5, 2017
Sirishas_s asked:
I am looking for a house in this community. I have kids ages 7 and 3. Are there kids in this age in the community?
0 votes 0 Answers Share Flag
Tue May 9, 2017
Uragenius asked:
We are doing a conventional renovation loan but the contractor validation process is the same as 203K, I believe. Please let me know who you recommend.
0 votes 0 Answers Share Flag
Sat Apr 8, 2017
Kathy Burgreen answered:
Try calling the local police department / fire department for that town. Look up the non emergency phone number. They will tell you the location of the nearest fire station.
0 votes 1 answer Share Flag
Mon Mar 6, 2017
Mlpoandl answered:
This place is a nightmare and it all stems from management. They do not care/concern themselves about their properties and show it by not acting on the needs of their tenants. They are rude on the phone, tell tenants to submit their 30 day notice if they do not like how they "run" their "business" and then hang up the phone after rudely dealing with the people who pay part of their yearly profit. I have never in my life dealt with management whom employs staff that do not provide proper upkeep. They also have an awful parking issue which spills into the side streets of Metuchen and Edison. They cite "We have 312 families and only 150 spots so it's your problem not ours." This is a frustrating environment and one to steer clear of as it seems to only be getting worse! ... more
0 votes 11 answers Share Flag
Wed Feb 15, 2017
Angelica P answered:
Hi,

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Thank you for using Trulia!

Angelica
Consumer Care Advocate
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