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Home Buying in Atlantic County : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling2
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Activity 245
Fri Jul 14, 2017
Leibo828 asked:
Wed May 31, 2017
Alan May answered:
Being a first-time buyer is not a negative... but poor credit can be. But before you presume that you're doomed, talk to a local loan officer and ask. Your credit might not be as bad as you think. ... more
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Sun May 28, 2017
Kathy Burgreen answered:
First of all, have you thoroughly investigated the demographics of Atlantic City? The entire area has plenty of low income residents and many are on Section 8 which is government assistance. Residents cannot afford high rents and the unemployment rate is high.

You need to investigate whether there is enough people who are looking to rent AND can afford the high rents that you want. For those residents with jobs, what is their income? Are residents employed in lower income jobs or higher income professional jobs? The lower income jobs cannot afford high rents.

As for honoring the current lease - yes, it's the law. You also need to notify the tenant a specific number of days before the lease expires as to whether or not you will renew it and for how much.
... more
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Mon Dec 5, 2016
Alysse Musgrave answered:
It's the seller's responsibility.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
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Sat Jul 30, 2016
Sally Grenier answered:
First, you need to talk to a REALTOR, who can do a CMA (comparative market analysis) for FREE. An appraiser will charge you $400-500 and will NOT tell you what you need to do to sell it. An appraisal just to have an appraisal is a waste of money. Plus, any buyer is likely going to be getting a mortgage and their lender will require their own appraisal (that the Lender has to order for the Buyer). They can't use yours if you order one.

Talk to a couple good Realtors and get their opinions.

Good luck!
... more
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Thu Jul 14, 2016
Jenn.robbins31 asked:
Tue Jul 12, 2016
Scott Godzyk answered:
You should start by meeting with a local and trusted loan officer who can pre qualify you and let you know what type of mortgages may be available, FHA is only 3/5 % down, conventional loan are 5% and VA and USDA are no money down. ... more
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Thu Jul 7, 2016
Ron Bess asked:
interested in the Seashore Club, Boardwalk in Atlantic City, NJ
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Wed Jun 29, 2016
Dana Lindberg answered:
Some lenders accept 580 but needs another compensating factors. You should talk to a lender to get first-hand responses.






-----
Dana Lindberg
CFS Mortgage - http://www.cfs203k.com ... more
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Thu Jun 23, 2016
Rauchs answered:
Wed Jun 15, 2016
Dejajanee answered:
A financial institution must be approved by USDA in order to be eligible for providing home loans in rural areas under its residential program guidelines. Find USDA lenders in New Jersey at http://usdalenders.org/new-jersey-nj/ ... more
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Wed Jun 1, 2016
Vaibhav Sheth answered:
Wed May 18, 2016
Teacher1 asked:
Wed May 11, 2016
Iuravarzari asked:
Hello, we are 3 students from Moldova looking for a 2 bedroom apartament to rent for 4 months; with refrigerator, washing machine, WiFi, bathroom, in a maximum area of 1 mile from Margaritaville…
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Thu May 5, 2016
Joanne Richardson-Lapent asked:
My husband and I live in Phila. but want to purchase our first home in NJ, near some water. Is it true that we would need 20% down and will not be considered first time home buyers, since…
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