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Home Buying in 08879 : Real Estate Advice

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  • Home Buying8
  • Home Selling2
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Activity 7
Javier Matal…, Real Estate Pro in Westfield, NJ
Thu Aug 20, 2015
Javier Matallana answered:
A property Priced Right should get an Offer within 17 days from Listing date.
0 votes 15 answers Share Flag
Ali Qureshi, Real Estate Pro in Pleasanton, CA
Fri Feb 27, 2015
Ali Qureshi answered:
It depends on the location. Lately, I have not see a great welcoming response from buyers for having a pool because of life style changes, high maintenance cost, lack of time, etc..
0 votes 22 answers Share Flag
Todd Kessler, Real Estate Pro in South Amboy, NJ
Wed Jan 8, 2014
Todd Kessler answered:
I own homes in South Amboy and have never paid an additional fee for garbage collection. There is municipal garbage collection in South Amboy. You will have a separate bill to the city for sewer charges in South Amboy in addition to your tax bill and you will pay a separate water bill to Middlesex Water Company. There are some towns in our area, such as Old Bridge where you do have to hire a private garbage company to cart your trash (at a cost of about $70-$125 / qtr depedning on the company). To confirm you can call the Public Works Department or, if you are working with a realtor, ask them to double check for you. I recently sold 420A Catherine Street and the garbage was being picked up without an extra charge. There is a possibility that the listing agent on the house you are looking at was unsure if there was an extra charge in South Amboy and they played it safe by choosing "extra charge" ... more
1 vote 2 answers Share Flag
Mary Petti, Real Estate Pro in Edison, NJ
Wed Oct 20, 2010
Mary Petti answered:
Balalji,

Hard to answer with little info...BUT.. I am going to mae an assumption here.

IF the contract wasn't accepted by the bank yet, but they are making you sign additional addendum to present to the bank WITH your offer, then they are giving you the heads up that it can take 2-3 weeks to have bank approval of your offer, and then you have an additional 17 days to get the formal appraisal and loan commitment.
That means that you need to start on your mortgage application process (which will include the appraisal) as soon as you have your offer sent to the bank. Since a foreclosure usually doesn't allow for any repairs after home inspection, they are giving you in essence 4-5 weeks for the approval to be obtained which is very doable.

I have seen the banks grant a 7 day extension on this contingency and even the closing date (they usually give 45 days from acceptance of your offer to close).

I would make sure I was using an attorney and RE agent that are familiar with the process and have them be in close contact with the sellers agent, (and he/she in turn with the bank) to make sure you are protected along the way. Hope that helps.
... more
0 votes 8 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Oct 20, 2010
Jeanne Feenick answered:
Very likely that it is listed on two MLS systems - as an example, in my market, there are several communities that are wisely listed on both the Garden State and the Middlesex MLS';, two different systems and two separate MLS numbers. Usually though a broker/agent will specify one MLS as the primary feed to resources like Realtor.com. What I encounter as when clients find a listing on Realtor.com at times is a number that is not an MLS number at all, but rather what I think is likely a broker generated id number. In these cases, I advise my buyer to send along the link and I do the research on the MLS to find the listing.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 9 answers Share Flag
Ken Lowe, Real Estate Pro in Naples, FL
Wed Oct 20, 2010
Ken Lowe answered:
Number of bedrooms would increase value but not by $100,000. In the same complex a variation of that amount based on unit size, location in the building and view is not unusual. In my market, it is common for a variation of 100,000 for a view of the ocean as compared to a parking lot view. ... more
0 votes 12 answers Share Flag
Balaji, Home Buyer in Parlin, NJ
Sun Oct 10, 2010
Balaji answered:
really? Townhomes retain value better than single family?
0 votes 9 answers Share Flag
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