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07920 : Real Estate Advice

  • All23
  • Local Info1
  • Home Buying6
  • Home Selling4
  • Market Conditions2

Activity 20
Sun Jul 16, 2017
Istrategist56 asked:
Tue Apr 18, 2017
Gespiotta asked:
I have updated my information on Zillow and Trulia has to list my home at 26 Chestnut Court as under contract at this time. How long do you take to update????
Thank you.
gespiotta@gmail.com
0 votes 0 Answers Share Flag
Tue Apr 4, 2017
James Nicklaus answered:
From a home owner point of view and who recently moved 3 x's in the last 2 years, my wife and I are very knowledgeable w/the housing markets we had to navigate. After reading a lot of the reply's to this question, I have to disagree w/most of them. The BLUF (military for bottom line up front) is that the over riding factor is the appraisal value. We have found that there are MAINLY only 4 factors that determine this number: # of BR's, # of baths, sq footage, comp values. Anything else is minor. Meaning that, in our opinion, you will only get a fraction return on upgraded kitchen and baths.
For example: if you have 2 houses in the same area and built at the same time w/the same parameters (sq footage, # baths, #BRs) and the one with the dated kitchen and bath and is selling for 200k. The other house has ploughed 50k + into the kitchen and bath. I would say that the updated house will sell for no more than 10k more (and this is being generous). It will definitely sell faster, no doubt, but the owner just took a 40k hit. Is it worth it? We would say, NO.
Our advice is, DO NOT ask this question to a real estate agent or bathroom/kitchen contractor. You must ask an appraiser. And trust me, the 4 points that I mentioned above are what it's all about.
What a seller can do is to put a face lift on what is there. New paint, toilet, counter top, floor and items that may cost some but are a fraction of a major gut job. A face lift of a kitchen/bath combined should be under 5k and then put you in a much better position to sell and you save 45k.
The only time we think a major gut job is worth it is if the areas are really shot and you will be living in the property for 20 + yrs in order to use and enjoy the update yourself. Then, because of inflation the property will naturally raise the value enough (hopefully) in order to eventually recoup the cost.
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0 votes 19 answers Share Flag
Wed Nov 2, 2016
Maricris A answered:
Hello,

Currently, we do not have a tool for the consumers to remove their home photos by themselves. Please provide your complete property address and I will be able to assist. You may also send your request together with your complete address via the link below.

Regards,

Maricris
Consumer Care Advocate
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0 votes 1 answer Share Flag
Sat Oct 15, 2016
Damon Duvall answered:
You're going to hear this worded different ways but I say selling a home comes down to Pricing, presentation and availability. Think of how you would shop for a home. After you have a general idea where you want to live you look at what you can afford or want to spend. Then if you have a good agent the agent looks at surrounding properties to make sure you don't offer to much. If the price you are asking is to high the buyer substitutes another property for yours. You lose.
Secondly your presentation. It starts with accurate but great photos. They should have a flow and pull the prospective buyer into your home. I like to do them in the order that they buyer will see the house in upon entering the home. However you don't want the buyer to be disappointed after seeing the photos and comparing the home to them. I.e. Your home should look like it did when photographed and, "unpersonalized". Which is a means uncluttered.
Then your home needs to be made and kept available for viewing. Open houses only sell 8%-10% of homes but they do help. Do all of these and make sure the title is lien free. Then your home will sell if properly priced.
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0 votes 1 answer Share Flag
Thu Aug 18, 2016
Neil Roxas answered:
Hello,

Unfortunately, we didn't get enough information about your problem to resolve the issue. Please provide us with the complete property address.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/

Thank you for using Trulia!

Neil
Consumer Care Advocate
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0 votes 1 answer Share Flag
Sun May 22, 2016
Dietric Williams answered:
In California we would submit a notice to close form. Essentially the said party has three days to close or the deal can be cancelled. You'll lose some money from inspection, etc. but its sometimes a good resource to get the other party to get a move on. ... more
0 votes 3 answers Share Flag
Tue Jun 2, 2015
Austin Partain answered:
Once you set up a trulia profile, you should be able to add listings.
0 votes 1 answer Share Flag
Fri May 29, 2015
Anna M Brocco answered:
If the property was listed with a broker ask the agent to remove the information, or contact customer service directly http://www.trulia.com/help/ask/ Be aware that photos may appear in other sites as well, therefore you may wish to Google your address. ... more
0 votes 1 answer Share Flag
Sat May 23, 2015
Jennifer Blanchard answered:
There is no set ratio of land to building - at least not in BR as far as assessments go. The assessors office divides the town into about 200 distinct neighborhoods...an acre in one place might be valued for tax purposes very differently than an acre across town.

I have found that the people in the assessors office are very easy to talk to and open with information. Your best bet would be to call them directly.

Jen
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0 votes 1 answer Share Flag
Wed Apr 30, 2014
Maria Tsabrova Buyers Rebate answered:
The point is that now when the RE season has started you don't want to loose maximum exposure of your home on the market. If you consider paying commission to Buyers agents go ahead and get your listing on MLS. You don't owe a selling commission though and our listing service along with open house signs and agent hosted open house is just $395. A very small investment to help your house sell much faster and for the more money! ... more
0 votes 5 answers Share Flag
Thu Feb 6, 2014
Shalu Thaman answered:
The computations are based on different factors & for different purposes, thus assessed value is not an accurate measure of market value.

A way to understand how this works is to look at it from another perspective ; If the list price was $100,000 LESS than assessed value, would a buyer pay the assessed value for the purchase price ?

Assessed values are based on valuation of the land + improvements on the structure.
Market value is the saleble price that a buyer would pay, based on the existing market condition

Shalu Thaman - Realtor,ePRO,ABR,SRES
Keller Williams Princeton Real Estate
Cell # 609.577.5861
Fax # 609.613.5907
http://PrincetonHomeNj.com
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0 votes 11 answers Share Flag
Tue Aug 28, 2012
Mary Petti answered:
Bill,

I agree that you should also speak to a local realtor to get an idea of what he/she can do for you as opposed to selling on your own.
1 vote 5 answers Share Flag
Sun Jun 10, 2012
Louis Larosa answered:
Many buyers have questions about the difference between assessed values, list prices and sale prices. Some facts to keep in mind:

- Assessed values are as of October 1 of the year past. List prices can fluctuate over the year, and if demand becomes very high or drops off in a certain neighborhood, list prices may go up or down accordingly. Also, a homeowner may have made updates after Oct 1, so the assessment does not always take into account all upgrades.

- Often the Township assessor is not able to get access to a home forcing the assessor to estimate. For example, for one of my buyers, I checked the Township's property tax record card to confirm the square footage for a home for sale in the Hills. The assessor had not been able to tour the home, so they estimated the basement was fully finished and based the home's tax assessment on that; however, only a small portion of the basement was actually finished.

- List prices and sale prices are also usually different. A tax assessment does not mean that an interested buyer will be willing to pay the seller's list price. In some cases, homes will have to have price reductions before it comes into line with market values. In other cases, there may be bidding wars where the sale price ends up higher than the list price.

I recommend looking at tax assessments only as a broad guide, because you cannot assume the assessment is the true current value of any home. Reviewing recent sale prices of comparable homes is the best way to evaluate whether a home's list price is reasonable, overpriced or underpriced.

If you are considering making an offer, or would like to know values of a specific area or neighborhood, ask a local real estate agent to send you the selling information for comparable homes that have sold in the past six months in the same area or neighborhoo of a home you like.

When I work with buyers, I often send them the listings from recently sold homes so they know actual current market values of comparable homes, by looking at location, pictures and sale prices. Ask your agent for this information, or feel free to contact me if you are not working with an agent yet.
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0 votes 6 answers Share Flag
Wed May 16, 2012
Carrie Martinelli answered:
Hello Maky-
My husband does this commute daily so I am very familiar witih the traffic pattern. He leaves our house in Basking Ridge (in The Hills section which is the southernmost part of Basking Ridge off of exit 22 on 287) at 7:10-7:20. If he leaves later than that he is subject to getting caught in the congestion of 287S. He arrives at his office in North Brunswick on Georges Road by 7:50-7:55. The balance of the time is spent on Easton Road or River Road where traffic can be much more challenging. So if you are getting off and heading straight to campus then it shouldn't take you more than 25-30 minutes, the further down those other roads you go, that is where you will loose time.

Please do not hesistate to contact me if I can help you in your search.
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0 votes 8 answers Share Flag
Thu Jul 21, 2011
Emily Erekuff answered:
Hi Jennifer,

I'm sorry you are frustrated by this. Maintaining listing quality definitely requires us to strike a delicate balance and that can be difficult to achieve. Our system follows rules to remove listings that appear to be stale from our site, however I agree that such rules aren't perfect in every case.

I will be sure to share your feedback and suggestions with my colleagues in the hopes that we can improve these current rules to better serve customers who are clearly active on our site and likely to maintain a high level of listing quality and accuracy.

Best Wishes,

Emily Erekuff
Community Moderator
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0 votes 1 answer Share Flag
Wed Mar 30, 2011
Jeanne Feenick answered:
Regina is right - the Spring market has been delayed this year due to the rough winter weather. Usually, we would be further along. But it is underway now, and if you are interested in buying in 2011 the Spring Market will be the time that you see the greatest influx of inventory. There are more homes to consider, and more buyers in competition to buy. The smartest sellers price wisely right out of the gate. Homes that are priced right are selling quickly. We are feeling the effects of pent up demand - buyers are active and interested in doing deals.

If you are a seller, the delay in the Spring Market has created a sweet spot for listing now - many sellers have delayed their listing plans by several weeks/months because of the rough winter. Sellers that have listed or are now, are enjoying more attention with less competition. That will change as more listings hit the market.

I am telling my sellers, list now, capitalize on the "sweet spot". And if not ready, then move as quickly as possible since the most robust period of any calendar year for selling a home is the Spring Market.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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1 vote 10 answers Share Flag
Tue Oct 5, 2010
Jennifer Blanchard answered:
Hello there, Nosey Neighbor,

The market drives assessment, not the other way around! I wrote about it awhile back:

http://basking-ridge-real-estate.com/blog/basking-ridge-real-estate-info/tax-assessment-relative-to-sale-price-is-there-a-connection/

See you Friday!

Jen
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0 votes 16 answers Share Flag
Wed Jul 8, 2009
Bill Niziolek answered:
All home sales ae public records. You can use the following link to look up any Land Records & Deeds in NJ by county or zip. Unfortunately, agent information is not available. Another source is a Local Weekly Newspaper as I see others have suggested.

http://publicrecords.onlinesearches.com/New-Jersey-Land-Records-and-Deeds.htm

Good Luck,
Bill
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0 votes 10 answers Share Flag
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