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Home Buying in 07030 : Real Estate Advice

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  • Local Info34
  • Home Buying120
  • Home Selling10
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Activity 113
Thu Sep 14, 2017
Home5268 answered:
I wanted to add some further details.

I exited the contract during the inspection period based on some issues found in inspection.

Later the seller reached out to me and explained that the original issues had been fixed and they wanted to know if I was interested in purchasing the home now. They explained that they intend to sell the home as a 'for sale by owner'.

I am not sure what was signed on their side with the seller's realtor but on my side the only thing signed was a transaction broker agreement. I don't believe there was any exclusivity clause included. The seller noted that they did not want to use a realtor at all. Would I potentially be liable for any commissions based on "Procuring cause" or any other clause? If anything my thought is that the realtors would have a case with the seller and not myself?

Thanks for any help!
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Tue Jun 13, 2017
Jessia2001 answered:
Thu Jul 21, 2016
James Hagarty answered:
Luchi -

Yes.

See Buyer's Agency Agreement line 6.

"This Agreement will expire ___ (120 days from signing if not filled in) or by prior written notice by either party. "

Hope that helps, and happy hunting!

Source: NWMLS Form 41A
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Sun Jun 19, 2016
Tim Bal asked:
I am considering making an offer on a one bedroom unit where the bedroom is very large with two large windows and the adjacent living room is large with one large window, and could theoretically…
0 votes 0 Answers Share Flag
Fri May 6, 2016
Maria Tsabrova Buyers Rebate answered:
Not sure which agreement you refer to..If it is what I think of then it is for your information only. It is not an actual agreement. But please read it and you should be able to find an answer to your question right in the document or consult an attorney ... more
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Fri May 6, 2016
Maria Tsabrova Buyers Rebate answered:
I would not say it is out of reach within your budget. The market is extremely fast in both areas though. You see it- you like it- you grab it. Good value places fly within a few days on the market - only overpriced ones stay longer.
I would be happy to help and cover your closing costs as well. You will get about $8000 from me towards your closing costs if I help you finding a home.
Looking forward to hear from you. Maria
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Thu Feb 18, 2016
condoowner asked:
If I want to buy a Hoboken basement apartment in flood zone with a mortgage, I would have to buy flood insurance, correct? But I heard some rumors that basement apartment has no flood coverage?
0 votes 0 Answers Share Flag
Fri Jan 29, 2016
Bshaw answered:
Find Surveyors that do Elevation Certificates here: http://smartvent.com/locator

Also, you should check out www.yourfloodrisk.com to see if you qualify for lower flood insurance rates. ... more
0 votes 17 answers Share Flag
Sun Dec 20, 2015
Stacey Berger asked:
Sun Nov 29, 2015
thinz answered:
Yes, any real estate document requiring signatures that is not executed has no meaning.
Tom Hinz www.shortsaletosell.com
0 votes 2 answers Share Flag
Fri Nov 27, 2015
Kari McCoy answered:
Creating a current market evaluation of the property to make sure you do not over pay. Make sure you are able to obtain the loan. Make sure you are able to make the monthly payments and taxes without hardship. Write a good offer. Negotiate back and forth with the listing agent with your best interest in mind. Help you with property inspections. Help you negotiate on any needed repairs. Keep you with in your contingency periods to that you do not loose your earnest deposit monies.
Help you stay in contract so you do not loose out on the property in the middle of the transaction. Help you with all the seller disclosure and any government mandated disclosures and laws regarding to the particular property. Make sure that your loan papers are correct and not over charging you. Make sure your closing papers are correct. Bring you to the closing table on time.

I wish you the best in your property purchase!
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0 votes 6 answers Share Flag
Mon Oct 19, 2015
TreesOnTheBeach answered:
This is old, but I feel I have to reply... if she did not sign the agreement (i.e. her name does not appear on the paperwork anywhere), I think she would be free to buy.
0 votes 13 answers Share Flag
Thu Aug 27, 2015
Daniel Boyer answered:
Yes, anytime a property transfers it can be re-assessed by the County Tax Assessor. Usually, they will base the taxes on the purchase price of the home you buy, however other times they will conduct their own appraisal of the property and can base it on what they feel is the current market value. Plus, don't forget that you will receive a "Supplemental Property Tax Bill" in the mail about 3-6 months after you purchase for the difference of the taxes you paid during the escrow and what your actual new taxes are. Best to always call the County Tax Assessor to get exactly how they operate. ... more
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Sat Jun 20, 2015
Kash Vaidya, MBA answered:
Even though its close to bus and park you should also consider what other options renters have in that area. Also ask yourself the question, "Would I rent this place?"
0 votes 3 answers Share Flag
Wed Apr 8, 2015
Dan Tabit answered:
Jim,

Rental scams are common here and on any site that allows the general public to post. Please be very cautious with deals that seem too good to be true. NEVER send money expecting keys back by mail. You can search the address in any search engine to see how the homes are advertised elsewhere. If one listing is much cheaper than other places, it's likely a scam.

Read the scam warning Trulia posts. I've attached a link to it below.

When you find a questionable listing please go to the More button on the listing and then hit the FLAG button on the listing page to warn Trulia and others or email it to Rentalfraud@Trulia.com.
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Wed Jan 7, 2015
Rajshree Banerjee answered:
Hi-

Not sure if you ended up buying or walking away. But exterior is as important as the interior actually on 1st impressions its far more impt. As thats the 1st thing that meets the eye when someone comes to visit you, OR you come home everyday from work, or vacation. Brownstones in Hoboken are loved by buyers- one of the reasons IS exterior appeal too.

If the exterior is really ugly maybe you could get a contractor and ask their opinion on the cost and options to change/repair etc. If its fixable for a price you are willing to pay, then why not.




--
Rajshree Banerjee
Weichert Realtors- Exchange Place, Jersey City
251, Washington Street, Jersey City NJ 07302
860-328-0857 (C)
Email: WalkableLiving@gmail.com
FB us: facebook.com/WalkableLiving
Follow us: twitter.com/WalkableLiving
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Wed Jan 7, 2015
Rajshree Banerjee answered:
Hi Jim-

Going to the builders agent won't really get you loyalty from them A builders agent is the builders agent, its their fiduciary duty to work for the builder and get them the best amount of money.

I think you should try to work with your present agent. Try talking to him and ask him to explain why he is or isn't negotiating. Maybe he/she can offer more insight into their modus operandi. If it absolutely seems that your present agent is not working for you, seek out an honest and smart buyers agent. I say that because you need someone with integrity AND who's smart, efficient and knowledgeable about the RE game.

Make sure you read carefully into the buyers agency agreement if you have signed any. Also, if you do end up going to another agent, you get written proof from your agent- stating he is willing to let you go and work with someone else.

Please feel free to email me or call me if yo need more info. I will be more than happy to help you and guide you, about the situation.



--
Rajshree Banerjee
Weichert Realtors- Exchange Place, Jersey City
251, Washington Street, Jersey City NJ 07302
860-328-0857 (C)
Email: WalkableLiving@gmail.com
FB us: facebook.com/WalkableLiving
Follow us: twitter.com/WalkableLiving
... more
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