I am seraching NoFee house rental in Long Island, NY for almost 3 months. No luck. Landlords asking 2months security deposit, 1 month's rent and 1 month brokers Fee. For an average rental of $2700, Tenant has to pay $10800 up front, plus sign an oil contract and pay all utilities. Its rediculous for a rental. I did not hire any broker. And I dont understand Fee for what service ? Brokers just put an ad on craigslist. I know it's an effort and time, but still can't justify $2700 for that effort. And even if brokers do hard work, why not charge landlord.? Why charge tenant ?
Anyways, what is the way to negotiate broker's fee, or not to pay fee ?... more
Hi Brett - Sounds like a good down payment and I understand the reasoning behind it. You should actually look at 20% down maybe $25% to make this happen. to keep some cash available. Check with one of my favorite mortgage people:
Mortgage Capital Partners
Craig should be able to answer all of your questions
Give a call if you need a Realtor to represent your purchase! I can show you all of what is available in the area!
Century 21 Burke Realty
There is also the Northeast corridor line in New Brunswick & at Jersey Ave. that go direct to New York without changing trains in Newark. I believe you have to change trains in Newark on the Raritan Valley line to go to New York Penn Station... more
If maintained properly, a septic system can last many many years. 20 years is not uncommon. But if it is not operating properly, you may have to dig a new drainage field, even a new tank. Depends on the scope of work and the distance to your house, a new septic system may cost from $30,000 to $60,000. You may have to apply for a new license if there is no permit for a backup septic system.
Find a local septic maintenance company and they will be happy to recommend a good contractor.
Here's 3 cents. When negotiating a FSBO, keep in mind the comps you utilize to figure your offer price reflect a prevailing 4-7% commission. So don't forget to remove that from the FSBOs asking price before even beginning the negotiation. You will often see that FSBOs price to the recent comps that paid a commission. Apples to oranges. A FSBO that is priced competitively with other similar homes listed by agents is, by definition, overpriced by the prevailing commission in the area. And buying a FSBO at the prevailing closed price of similar homes sold by agents means you just overpaid. Keep that in mind.... more
In NY, we pick and choose who pays what... but in most cases if you are heading out to get a rental listing, and tell the landlord that he or she will be the one obligated to pay the fee, they will just go hire another agent.... for free.
The ONLY time I really see the landlord pay the fee is on higher end summer/seasonal rentals.... more
Hi Kevin, my husband and I made a similar transition to the one you are considering about 15 years ago (ouch! - hard to believe its been so long!). We ended up in Warren (Somerset County) which lies between exits 36 and 33 on 78 and decided on a neighborhood close to the highway which made access to the highway terrific. My husband continues to commute into the city everyday - and generally chooses to use 78 to be "in control" of his commute. Neighboring communities include Watchung - just to our east, Basking Ridge, Bernardsville,Green Brook, Long Hill (Morris County). You'd be in good shape from any of these commuting wise. You've got great access to highways and trains, and buses. You'll find most price points in all of these communities - primarily single family homes but also townhomes in several of them as well.
A little further out and you come to Bridgewater - commute will be longer, prices will be lower. There is one section of Bridgewater that lies right on the Warren border - Martinsville - you'll find some new-er townhomes, but the homes will be older. Near the Bridgewater mall are new-er homes, but the living is pretty dense - quarter acre lots or less are quite common.
Your money will buy you more for sure as you head west, but you'll be adding to your commute. I just sold a couple that started their search in Bridgewater a home in Clinton - their search evolved and they ultimately liked the larger home and larger lot they were able to buy in Clinton. But for them, the commute worked, because they only had to get as far as Warren to work. Just did some looking with a couple in Pittstown - yes, a more rural feel. Not so with Hillsborough, it is more dense. Branchburg is just past Bridgewater - feeds into Somerville High School.
Although your children are young, schools will likely figure into your decision-making - you can find school info at my website www.feenick.com - just click on the School Info link. I find that many buyers I work with like to create a spread sheet to organize their thoughts/priorities - may help as you frame your search - obvious categories - Commute, Schools, Price, Home Features....
I'm familiar with all of these area - it is not uncommon for buyers to move through the communities along the 78 corridor as they pull their search into focus. It's a journey I've taken often and one I'd be honored to accompany you on. You can find me - and search freely all listings on the Garden State MLS - at my website www.feenick.com You can also reach me easily via Trulia.
Search and connect at www.feenick.com... more
Hi Ellen, hope to answer your inquery.............I am guessing that the 40 minutes you mentioned, from Basking Ridge/Bernardsville may be your place of business?..........there are wonderful communites that you would love well within 40 minutes and they all have their "speical" town functions...........besides the 2 mentioned, you can investigate Bedminster, Readington and much more........I would suggest keeping you close to the 287/78 corridor which the above towns mentioned are if I am correct in your job's position.............I work in all areas as well as reside in Bedminster........depending on what you are looking for in a townhouse would depend on which areas may interest you.......The Hills in Bedminster for example have great ammenities such as pool, tennis, full gym, biking and jogging paths as well as a golf course...........please let me know if I can be of further assisstance
Debra L Stagg
Hills & Valley
Office: 1031 Route 202, Branchburg, NJ... more
If the sellers are truly willing to assist you, have them grant you a use and occupancy so that you may move in and occupy for a reasonable fee until they have fully remediated and can provide all required documents. Understand that NJ has recently changed many of its ways it handles these cases. It used to be that DEP handled everything but I believe due to the back log of up to years they may now be allowing contractors who are certified to handle closure of the case. In any event I wouldnt rush to close. (I personally had a $300K clean up)... more
In fact there is a difference in cost between the towns with similar size units selling slightly higher in Bridgewater. Bridgewater is generally considered a more popular place to live than Branchburg for several reasons including: easier access to Routes 78 and 287, its own school system(Branchburg sends its children to Somerville High school) and a better top end of the market( there are more high priced homes(above 700K) then Branchburg. All that being said, if you are looking at a purchase from an investment viewpoint, either town offers promising returns if you make a wise purchase.... more