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Home Buying in 08759 : Real Estate Advice

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  • Home Buying11
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Activity 9
Thu Jun 22, 2017
Lizcurry72 asked:
Fri Sep 14, 2012
Ronald Shaffery answered:
Hi Maryanne,

As Maria correctly stated, their are various rules in the many communities and you might be able to buy one and move in when you are 55. In addition, there are also a couple of newer communities that have very limited exemptions that can sell to 48-54 year olds. They are gobbled up very quickly but I can make a few phone calls for you to see if they have any openings. ... more
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Thu Sep 6, 2012
Helen Cocuzza answered:
Hello Tom,
I just went through this on a sale 2 weeks ago: they do a pretty basic inspection, if you want to get a more detailed inspection say for mold, any crawl space issues, foundation/structural, window defects, plumbing issues, electrical wiring (detailed inspection) , if there is a fireplace , termites, etc. this would all be done by a Home Inspection not by the towns C/O dept.
It is pretty much your call, if the house appears sound it very well could be, if it is older, or you see issues already of course you should get one, on the other hand, if you know any contractor friends, famlly members et, they can do a similar inspection for you as well.

Good Luck!
... more
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Thu Sep 6, 2012
Helen Cocuzza answered:
Just so everyone else knows also, Technically you do not need an attny to close most any houses, but it is recommended due to house issues such as inspection defects that come up , prperty rights such as on a waterfront property or one with an easement, liens that may be, short sale & foreclosure issues usually as well would be beneficial to utilize an attny. Co -ops are leased so they are not necessary. ... more
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Thu Jul 5, 2012
Ronald Shaffery answered:
The prices in the Crestwoods should not rise significantly in the next few years. I can tell by your question that you already know a lot about the co-ops . They will always be a good deal for the money due to the fact that you can not get a mortgages to purchase one. In any market,when you need a cash buyer you have to have a lower price point due to the limited number of possible buyers. ... more
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Sun May 27, 2012
Ronald Shaffery answered:
Working with Lexington Law is a good step in the right direction. There are really a lot of variables with traditional financing and with seller financing. I see you are already in Whiting so you probably know about the co-ops in the Crestwoods. I know a couple of good mortgage brokers that have had success with "outside the box" financing. I would be happy to give their phone numbers to you if you like. Good luck. ... more
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Mon Aug 30, 2010
Jerry Barker answered:
I personally think prices will decline steadily over the next decade, heres my 2011 real estate outlook published online, it lists four reasons why values will continue to drop: http://www.suite101.com/content/the-2011-real-estate-outlook-a279655 ... more
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Sat Apr 4, 2009
Gregory Bain answered:
I am sure if the "studio" were in NYC a mortgage would be found. I am also sure that if the studio were in NYC the price would be 5 times higher. Therefore, the problem is not with the studio style apartment but the mortgage amount. It is easier to get a mortgage of $300,000 rather than one for less than $100,000. If I am wrong, please let me know. I would be interested in all the facts to this purchase problem. Thanks for posting. ... more
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