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07028 : Real Estate Advice

  • All5
  • Local Info0
  • Home Buying1
  • Home Selling3
  • Market Conditions0

Activity 5
Mon Jun 8, 2015
Carey asked:
Thu Feb 7, 2013
Joan Congilose answered:
Go to your local municipal building and usually the construction office or code enforcement will have the necessary paperwork you need to fill out & tell you what fees you need to pay in order to schedule an inspection. They will also check to see if you have any open building permits. Most towns will not schedule a CO inspection until all permits are approved and closed out. ... more
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Tue Jan 22, 2013
Gerri leventhal answered:
Be careful when renovating attics and basement. Especially if you are adding a bedroom.Usually appraisers do not consider rooms in the attic bedrooms for many reasons, so I would say to be financially cautious and make sure you can get your money back when it is time to sell. Anotherwords you usually can't add another bedroom to your appraisal, if the bedroom is in the attic or basement. In this current market I would get the home evaluated by a trusted realtor or a quick appraisal and make sure your renovations make good financial sense. I can't tell you how many times I walked into a home and the seller has put a huge amount of money into a renovation which adds little or no value. Sometimes it makes more sense to get another home, if you can't get your money back. I good rule of thumb is the 10% rule. If you buy a $500,000 home and it needs more than $50,000 in renovations , then you seek professional advice before continuing. Best of luck. ... more
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Thu Dec 25, 2008
1st time homebuyer answered:
I think I have figured out the answer to my own question. Architectural styles are clumped around similair time periods. It appears, in general, that newer homes are taxed higher than older homes. The colonial is at least 20 years older than the split level. ... more
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Fri Jan 18, 2008
Gl Buyer answered:
Here is a time line for events up to date:

August 2009: Offer was accepted, and House Inspection Report has findings including A/C and electrical conditions and others.

September 2009: Contract finalized. Seller agreed to repair four items including A/C & electrical conditions

October 2009: Glen Ridge Township rejected Seller's permits to repair A/C and electrical conditions because the applicants are unlicenced.

November 2009: Seller finlly filed permit to repair A/C, using non-standard permit form (we have no knowledge of the Form).
11.17.09 We sold our house and has a week Use and Occupancy. Packing, work with moving companies, discontinue utilties, notify child's school for change... Scheduled closing date 11.23.09.
11.18.09 Glen Ridge Building Department closed Seller's permit. Both Seller and GRBD told our attorney all inspections are completed and met GR requirements.
11.19.09 We found out that the permit only covers A/C repair, and we were mislead. Nothing is done on electricals.
11.20.09 Negotiate with Seller for breaching of contract, Seller refused to hornor the Contract. Contacted GRBD. Our attorney told us that time is running out on us, and Seller knows that it is very difficult and costy for us to store our belongs, rent a place, and drag our school age child along the whole process. Home Inspector and two electrians warned us that do not live in the house when the electrical conditions are not fixed.
... more
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