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Basking Ridge : Real Estate Advice

  • All74
  • Local Info9
  • Home Buying24
  • Home Selling3
  • Market Conditions2

Activity 69
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Thu Nov 10, 2011
Jeanne Feenick answered:
HI Prashanth, this is my market - yes, both towns are attractive, and your assessment is on the mark. In your price range you will have many more choices and get much more house in Bridgewater than in Basking Ridge. I know the inventory well in both towns and can say this with some authority.

Here is some great inf on both communities - you'll find market info, community demographics and school info.
MARKET INSIDER REPORT for Basking Ridge: http://www.searchhomesinbaskingridge.com/mimarket/zip/07920/

...and Bridgewater:
MARKET INSIDER REPORT for Bridgewater:
http://www.searchhomesinbaskingridge.com/mimarket/zip/08807/

Here is my recommendation, while the inventory will change over time, the basic composition will not. What you are seeing in types of homes that are availabe in your price range in these two towns will not change by waiting. Houses will come and go, but they will be replaced with comparable others.

I'd be happy to explore these two communities in greater detail with you - I know them well.

Best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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Ted Ark, Real Estate Pro in Bridgewater, NJ
Sun Aug 28, 2011
Ted Ark answered:
We moved from Bridgewater to Basking Ridge NJ about 9 years ago without regrets. Our children attended the Basking Ridge School school system grades 4-12. They had the opportunity to participate in the many community cultural and academic programs. You'll find plenty of fun activities offerred through Bernards Township website. The competitive school system provided our kids the educational tools and prepared them for the rigors of higher education. Good luck and hopefully we'll be neighbors. ... more
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Emily Erekuff, Home Owner in Menifee, CA
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
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Sat Jun 18, 2011
Jeanne Feenick answered:
Hi Kathleen, It is very likely that Ed may not be watching this question given the passage of time. I'd suggest you reach out to him directly via his profile - I'm sure he�39;d love to hear from you.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
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
Emily Erekuff, Home Owner in Menifee, CA
Wed Mar 2, 2011
Emily Erekuff answered:
Hi Jennifer,

I'm not aware of any bugs or problems regarding Trulia Voices alerts. If you aren't receiving alerts, or are experiencing other troubles, please let us know. You can send details to our Customer Service team via the link below.

Best Wishes,

Emily Erekuff
Community Moderator
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0 votes 3 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Feb 23, 2011
Jeanne Feenick answered:
Hi Poona, you are right in Debbie Rose's area of expertise if your search is shifting to Florham Park. You may want to post your question specifically to that area, it has been posted under Basking Ridge home buying here. If Basking Ridge is on your short list - and there are many reasons why if often is a top choice among buyers, and/or other Somerset County townhome/condo communities, I know them well and can - and would like to - help you.

Generally speaking, and to add some levity to the weight of this winter season, I would agree that township/condo ownership and its "snow removal included" advantage has really become appealing this winter! There are loads of options - and as Debbie stresses, so much of it depends on your personal preferences.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Louis Larosa, Real Estate Pro in Warren, NJ
Sat Feb 19, 2011
Louis Larosa answered:
For several years, Bernards Township (Basking Ridge) has had a contract with the Central Jersey Housing Resource Center to administer its affordable housing unit program. On its website, the CJHRC has a list of financial institutions that have indicated they will work with low and moderate income qualified individuals to obtain financing for these units. You may want to try this link:

http://www.cjhrc.org/pdf/FinancialInstitutionList.pdf

You can also try contacting the CJHRC directly (908-704-8901) to find out which lenders have successfully worked with purchasers and homeowners refinancing Basking Ridge units recently, as those lenders are most likely to understand and have programs in place to work with the affordable restrictions in place. In my experience, some lenders are unfamiliar with working with the restrictions, so I recommend asking your mortgage representative in the beginning to confirm whether their bank works with the restrictions. The CJHRC can also provide you with copies of the forms that the township will require (for example, the restrictive language to go into the deed, the repayment mortgage and repayment note), so your lender can verify in the beginning that they will give you a mortgage understanding the form restrictive documents will be required.

It may also be helpful to use the services of an attorney who has recently represented a buyer in an affordable housing unit purchase in Basking Ridge, since they will have been through the process and may best be able to assist and guide you. The CJHRC should be able to give you a list of those attorneys as well.

Best of luck with your purchase.
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Geo Gervasi,  in Millington, NJ
Mon Jan 24, 2011
Geo Gervasi answered:
Hello Poona,
Both Jeanne and Jennifer have provided some good answers to your question of where is a better value
in Basking Ridge, with regard to the Condo and Town home developments.

If there is something in particular you would like to know or see, please feel free to contact me.
I live in Spring Ridge and have been here since 2005.
Regards,
George
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0 votes 3 answers Share Flag
Geo Gervasi,  in Millington, NJ
Fri Jan 21, 2011
Geo Gervasi answered:
Nice!
You get the "Pontification" award!
You can add it to your plastic and wooden plaques...LOL!
0 votes 38 answers Share Flag
Marie Young, Real Estate Pro in Basking Ridge, NJ
Fri Jan 14, 2011
Marie Young answered:
I actually have a detailed breakdown by neighborhood. Please visit www.baskingridgeneighborhoods.com. The main differences are that in Bernardsville, while you have a few "subdivisions" it is primarily broken down into the in town location, and the Bernardsville Mountain, where you have larger lots and unique homes, from charming capes to estate homes. The in town location is reminiscent of Normal Rockwell paintings, with Victorians, Colonials and capes, and sidewalks. On the mountain, there really aren't sidewalks, and each home is unique rather than a subdivision. Laurelwood is one of few subdivisions of estate homes at the beginning of the mountain, and Chestnut Ridge is another subdivision of newer colonials. Basking Ridge has two primary areas, with a broad range in between. the Hills, where you have townhomes and larger homes on smaller lots (except for Beacon Manor which has large lots as well), and the rest of town, where you have many subdivisions including newer construction, 1970s classic colonials, a few condo associations, some Victorian Homes, and everything in between. They each bring their own excitement and generally, not only do my clients tend to choose a town rather quickly, but even an area in town that might best suit their needs. ... more
0 votes 6 answers Share Flag
Lyle Wolf, Real Estate Pro in Morristown, NJ
Sat Dec 18, 2010
Lyle Wolf answered:
Layah

If you want to find the owner of a property in New Jersey you can look it up by address in the following State Tax Website.

http://tax1.co.monmouth.nj.us/cgi-bin/prc6.cgi?&ms_user=glou&passwd=data&srch_type=0&adv=0&out_type=0&district=1401 ... more
0 votes 5 answers Share Flag
Albert Baron…, Real Estate Pro in Morristown, NJ
Wed Dec 8, 2010
Albert Baron III answered:
Wayne:
The housing market located along the NYC train line in Northern NJ is holding up pretty well. The old saying goes: location, location, location. Depending on your area of interest, some home prices may be steady to increasing and the farther you get from major transportation the prices may be decreasing. Since the pool of buyers is very small, it takes a longer time to sell a property at the desired price. It does not necessarly mean the home is overpriced (it may be) . THere is just a reduced buyer pool. Real Estate is very localized, so the buyers agent must provide local data to fairly evaluate a homes value. Not generalized data based on an economy as a whole. ... more
0 votes 20 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Oct 6, 2010
Jeanne Feenick answered:
A poster just asked about this today - will direct him to this inquiry as an example of what we all are seeing.

Hope you are well,
Jeannie
0 votes 20 answers Share Flag
Jennifer Bla…, Real Estate Pro in Basking Ridge, NJ
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
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Thu Aug 12, 2010
Jeanne Feenick answered:
Hi Ash, Basking Ridge overall continues to move at a higher rate of sale than surrounding Somerset County communities. This is true across all price points and has been consistently true throughout the market correction. As of this week, the rate of sale in Basking Ridge overall is 6 months, which is better performance than any other Somerset County community - and when you consider than 5-6 months to sell is considered reflective of a "normal market" (anything less a seller's makret; more a buyer's market) you can see that it is truly performing quite well. I believe that much of the reason it has been and remains in such demand is because of the magical combination of well respected schools, access to public transportation (two train stations and bus access to city), access to highways (78 and 287) and a variety of housing choices across price points.

Now on to "The Hills" - this PUD (Planned Unit Development) is hugely popular because it offers the new(er) home options in a community setting that offers well tended grounds and desirable ammenities. Properties in The Hills, if priced right (always true, nothing cures a pricing problem!) sell quickly. Case in point, in the last couple ot weeks a home came on the market on Honeyman and drew multiple offers during its first weekend on the market. My advice to buyers intereste din Basking Ridge and particularly in The Hills is to act promptly.

In terms of the specics of pricing on the home you are interested in - your agent should be helping you with this. Your offer should reflect market conditions and comparables. If you are not working with an agent, I know this area well and would be honored to help you. If you are working with an agent, this is part of the service she should be providing you.

One comment I would make is this - I believe that the homes that have basements will hold their value better than those that don't. You'll find both among the townhomes and lower priced single family homes in The Hills.

Link to Blog Post regarding Basking Ridge Single Family Home Sales for July:
http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/2010/08/basking_ridge_homes_sales_strong_again_in_july_-_see_results_here

Link to Blog Post regarding Basking Ridge Condo/Townhome Sales for July:
http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/2010/08/basking_ridge_condo_townhome_closed_sales_for_july_2010

Dont' hesitate to reach out to me if you'd like to discuss further.

Best,
Jeanne Feenick
Unwvering Commitment to Service
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Jerry Barker, Real Estate Pro in Atlantic City, NJ
Mon Aug 9, 2010
Jerry Barker answered:
go to www.njactb.org and do a public records search on the address and youll find out everything about the property.
0 votes 2 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Fri Aug 6, 2010
Jeanne Feenick answered:
Hi Frankie, doesn't look like you've been on Trulia lately but just in case you check back, I thought you would find my recent Blog Posts on activity in Warren and Basking Ridge to be interesting:

Basking Ridge: http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/2010/08/basking_ridge_homes_sales_strong_again_in_july_-_see_results_here

Warren: http://www.trulia.com/blog/jeanne_feenick_-_new_jersey/2010/08/warren_township_closed_sales_for_july_shows_progress_across_all_price_points

Basking Ridge has weathered the downturn much better than surrounding communities, including Warren. Both communities remain popular and in demand, but of 4 buyers I am now working with, 3 of them have prioritized Basking Ridge over Warren. I think in part this has to do with the fact that Basking Ridge has the access to train and bus service to NYC. Also the schools are very highly regarded, perhaps nudging over Warren in the view of many. And then there is "The Hills" - hugely popular - offering new(er) townhomes and homes at varying price points.

So if you are still considering a move - please reach out to me - I can, and would be honored to, assist you on all sides.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 9 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Thu May 27, 2010
Jeanne Feenick answered:
Hi Sharon, Jeanne Feenick here - suggest you post this in the Using Trulia section - you are apt to get a very quick response from the Trulia team. I"ve noticed a number of posts regarding disappointing search results so I hope that Trulia will focus on this as the success of the searching experience is essential to drawing and holding buyers.

Best,
Jeanne Feenick
Warren
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Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Apr 14, 2010
Jeanne Feenick answered:
Hi Ash, yes, I have a resource that I connected a buyer with and plan to use him myself to make improvements on my own home to ready it for sale. I'd be happy to connect you - you can reach me via my profile here on Trulia or directly at jeanne@feenick.com ... more
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