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Bridgewater : Real Estate Advice

  • All78
  • Local Info10
  • Home Buying38
  • Home Selling1
  • Market Conditions6

Activity 98
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Mon Feb 22, 2010
Jeanne Feenick answered:
Hi P, you are in a very narrow price band for single family homes in Bridgewater regardless of status - ie, traditional listings or foreclosed properties. I am currently working with several first time buyers in this band and so I know the inventory well. I am a certfiied Short Sales & Foreclosure Resource (SFR) and have assisted buyers with the successful close of three short sales in 2009 and so I have the knowledge to help you. In addition to the 3 I closed, I worked with another 3-4 buyers who identified short sales and foreclosures as an area of focus, and we after submitting short sale offers, we continued our search at my urging. In all of these cases, we found, negotiated and in many cases closed on our traditional deal before even hearing back from the bank!

I'll give you the same advice I give my other buyers - we can surely include short sales and foreclosures in our scope, but do not limit yourself to them. Here is the realty - foreclosure is the final state of the process, and if we do find a foreclosed property - ie, bank owned that interests you, then we may be able to get you under contract in time for the tax credit (April 30 deadline to be under contract, June 30 to close transaction to qualify) When the bank has taken the property into inventory, they want to move it quickly. Banks list foreclosed homes on the MLS, they have no reason not to utilize every channel to try to sell the home, so they are publically listed. The various services that offer foreclosure info capture information from the first state of lis pendens - which signals the beginning of the process. The home is not available then and chasing this data and these homes will just distract and slow you down. It is after exhausting all options, including the sheriff sale that the bank takes the property. Hot properties may get snapped up before they make it through the pipe but it is not likely you'll get a chance with those.

Short sales are very different and I do not recommend a short sale if you have any interest in the tax credit. I will watch these for you too, if there is a short sale that has already been preappoved by the bank, it may stand a chance of a reasonable closing timeframe.

So, bottom line, align yourself with an agent that knows the market well. I know the market, I have experience with the inventory and challenges of this entry level price band in Bridgewater and the surrounding area. Please reach out to me if you would like to work together.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Find success at www.feenick.com
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0 votes 1 answer Share Flag
John Sacktig, Real Estate Pro in New Jersey, NJ
Fri Jan 8, 2010
John Sacktig answered:
Hi Bella, of course.. you should consult with an Attorney.

My personal opinion and it looks like everyone else here has stated, you have no signed lease, so you should be o.k. with no issues. the lanlord may try a scare tatic or two on you.. but there is nothing signed, period.

It is unfortunate about your job loss and I hope you straighten that out soon. Good Luck!
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2 votes 10 answers Share Flag
Courtney Orl…, Real Estate Pro in Basking Ridge, NJ
Wed Aug 19, 2009
Courtney Orlando answered:
visit www.allnewjerseylistings.com and hopefully you will find what you are looking for there!! Best of luck!!
0 votes 7 answers Share Flag
Courtney Orl…, Real Estate Pro in Basking Ridge, NJ
Wed Aug 19, 2009
Courtney Orlando answered:
Call Liz Kubec with Bank of America at 908-507-7992. Best in business.
0 votes 5 answers Share Flag
Donna Haigh, Real Estate Pro in Bridgewater, NJ
Mon Jul 6, 2009
Donna Haigh answered:
Yes there is a pre-foreclosure at 18 Bond Street in Bridgewater. Give me a call and I will explain the process to you...it's too much to go into through email.

Donna Haigh
Realtor

908-227-8990 (cell)
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0 votes 1 answer Share Flag
Lisa Tempesta,  in Parsippany, NJ
Thu Jun 11, 2009
Lisa Tempesta answered:
Kathy,

I see a lot of great answers here, but thought I would add some addtional information for you. You didn't mention whether or not the offer was a verbal or written one, nor if you signed a contract. If you accepted a verbal offer, but contracts were not exchanged, this is a really easy question. You do not have to accept. With an offer to purchase, there are a lot of different items associated with the offer. You might be happy with the price, but not happy with the terms. Maybe they are not putting 20% down and you are afraid they won't be able to get the mortgage. Maybe they didn't give you a preapproval letter for the mortgage. Maybe you don't like the closing date they chose. Or maybe you just decided not to move. Whatever the reason is, if you don't have a written contract, you don't have to move forward.

If you have already signed a contract, then hopefully you received an Opinion 26 and you know that within the first 3 business days, you are entitled to have an attorney review period. Even if you signed a contract without an attorney, it is a wise decision to have an attorney represent you. If you are already in attorney review and you decide you do not want to move forward, you can cancel the contract without recourse, still without any reason. Once you get passed the attorney review period, it gets more difficult to answer this. But that is what the attorneys are for. They are there to wade through the legality of your contract. Just based on your post, it doesn't sound like you are that far into the process.

The best advice you have gotten on this board is to speak with an attorney. Especially if you don't have a real estate agent that is helping you to navigate through the sale of your home. And even if you did have an agent, they can only give you real estate advice, not legal advice.

Good luck with your potential move. And if you need any additional help, please feel free to contact me.
Sincerely,
Lisa Tempesta, Broker-Salesperson
Realtor® -Associate
Coldwell Banker Residential Brokerage / 2200 Rt. 10 West, Parsippany, NJ 07054
(973) 267-3030 x 129 / (973) 267-4161 fax / (973) 668-6322 cell / skype id lisa.tempesta / text 9736686322
connect with me on linkedin.com / plaxo.com / facebook.com

www.lisatempesta.com
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0 votes 10 answers Share Flag
Justlooking30, Other/Just Looking in Wisconsin
Thu Mar 19, 2009
Justlooking30 answered:
I agree with most of the posters here that you can put anything in a contract you want subject to the overall law, but I know as a long time renter in the middle to upper rental market that I would NEVER sign a contact with those conditions. I provided a substantial security deposit up front, with the expectation that I would take reasonably good care of the home or risk reduction of the deposit. I'm charged a rent amount that covers costs plus a profit margin. Seems fair to me.

I realize that there is some risk in renting, but you should manage your repairs in such a way that ensures they get taken care of in a way that spreads out the cost without putting that on your tenants. I realize this is much harder for individuals/small companies with a limited amount of properties, but you should look for other solutions regardless.

If you make the tenant responsible for the repairs REGARDLESS of cause, you really run the risk of tenants not reporting issues that could be missed by you on exit and turn into much more serious problems later on. Ido a fair amount of repairs on my own, but I know that if I was asked to pay for a repair for a situation I was not responsible for creating, I certainly wouldn't call my landlord about it. Fortunately, I'm in a position where I can pick and choose who I rent from. With your solution, you're limiting yourself to those who don't have better options.

Just a renter's opinion. Good luck.
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0 votes 8 answers Share Flag
Christine Ma…, Real Estate Pro in Reseda, CA
Sun Sep 21, 2008
Christine Markow answered:
Vishan, just wanted to see how things turned out with your Bridgewater property you were selling last fall? I hope you reviewed all the great responses everyone in the Trulia Community have given you throughout the past year. As the market has stabilized over the past year, it's going to be wise to have your current agent run new comps/market analysis at least once a month to re-evaluate the area of your home if it's still on the market for sale. As mentioned, not only should you look at what has sold in the past 6 months (max.) but also what properties received offers recently (Under Contract) as well as what other Active homes are currently listed to see what your home is competing with. If you haven't sold your home, and are not working with any agents, I'd be glad to run the new data for you. Please don't hesitate to contact me with any other questions either!

Christine Markow
ERA Statewide Realty
Office: (908) 874-7797, ext 519
christine.markow@era.com
http://www.newjerseyhousehunt.com
http://learningaboutrealestate.blogspot.com
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0 votes 8 answers Share Flag
Christine Ma…, Real Estate Pro in Reseda, CA
Sun Sep 21, 2008
Christine Markow answered:
Myar, I just wanted to check -in and see how your rental situation turned out? If you're still interested in marketing your home as a rental (possibly even rental with the option to buy), let me know! I'd be glad to find current information about the rental price range for Bridgewater. There are many first time homebuyers that are still on the fence as to whether they want to buy right now, so the "rent with the option to buy" offer sometimes is very appealing to them. I'm available for any real estate questions, so please don't hesitate to contact me!

Christine Markow
ERA Statewide Realty
Office: (908) 874-7797, ext 519
christine.markow@era.com
http://www.newjerseyhousehunt.com
http://learningaboutrealestate.blogspot.com
... more
0 votes 3 answers Share Flag
Mary McKiern…, Real Estate Pro in Hillsborough, NJ
Sun Aug 24, 2008
Mary McKiernan 9086169665 answered:
Since Florida prices are at an all time low I am sure you got a great deal! I may personally be interested in your home. Call me at 908-616-9665
0 votes 10 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Fri Aug 15, 2008
Jeanne Feenick answered:
Hi Bob, my area of particular specialty is Somerset County. Having recently done a similar search for a buyer looking for similar parameters - under $400K, large piece of property, I'm familiar with the options. I would be happy to send you listings via the Garden State MLS. I suspect that your interest in a "big property" may be an interest in a private location -- is this true? If so the options are limited and I can help you sort through them, since I am familiar with the area and have visited the properties in this price range recently.

Let me hear from you! I stand ready to assist you...

Best,
Jeannie Feenick
Weichert Realtors
Search and connect at http://www.feenick.com
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0 votes 2 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Jun 18, 2008
Jeanne Feenick answered:
Hi Ellen, as you can gather, there are loads of options to choose from in Bridgewater - most have pools in the community, but fewer have family rooms.

Bridgewater is a vast area - Loft Farms is in the Martinsville Section which would be closer to Warren - exit 33 off of 78, and further east than the vast majority of the options by a margin. The space is great - larger units, many with finished basements, garages, and a pool. They are pricier than options further west.

The bulk of the options will be in a collection of communities nearer to the Bridgewater Mall.

Prices vary with size, location and amenities - ranging from the $200's to over $500K.

I have assisted sellers and buyers with condos and townhomes in the area, and would welcome the opportunity to assist you. You can search at www.feenick.com and also get a sense of how the market is moving there - click on "Local Market Commentary" and you'll see Bridgewater Condos and Townhomes in the mix.

Best,
Jeannie Feenick
Weichert Realtors
www.feenick.com
Cell 908-337-0943
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0 votes 6 answers Share Flag
Jane Wynn, Real Estate Pro in Hillsborough, NJ
Wed Jun 11, 2008
Jane Wynn answered:
Hi, My name is Jane Wynn with Century 21 Worden & Green. All three areas are quite comparable. Bridgewater may offer lower taxes. Bridgewater has quite a few TH for sale, but Clinton may offer a little less congestion. Call me, I would be happy to email some listings to you. ... more
0 votes 5 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Tue May 13, 2008
Jeanne Feenick answered:
Hi John, I'm an agent with Weichert specializing in Somerset County. I'd like very much to assist you. Currently there are 56 single family homes in Bridgewater priced under $400,000 and homes are moving quite well in that price range. You'll find updated market condition statistics and more at my website www.feenick.com I've got a IDX link to the Garden State MLS so you can search for properties there.

Send me quick email and I'll get to work with a finetuned search of homes that meet your criteria.

Hope to hear from you.

Best,
Jeannie Feenick
Weichert Realtors
jfeenick@weichert.com
Search and connect at www.feenick.com
Cell 908-337-0943
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0 votes 1 answer Share Flag
Martha McDon…, Real Estate Pro in Summit, NJ
Tue Apr 29, 2008
Martha McDonnell answered:
Those numbers are based upon your market area, go to www.Otteau.com, click on market trends to view Bridgewater current statistics.
0 votes 11 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Mon Apr 21, 2008
Jeanne Feenick answered:
You've found her! I encourage you to visit my website and click on the Testimonial button to read what buyers have had to say about their experience working with me - you'll find happy homeowners from Bridgewater and Bedminster in the bunch. My interest in assisting you is sincere Matt and I hope to hear back from you! ... more
0 votes 6 answers Share Flag
Joseph Bonia…, Real Estate Pro in Green Brook Township,...
Fri Feb 29, 2008
Joseph Boniakowski answered:
Why are you posting false and misleading advertisements? Your advertising a condo on this site as "walk to Finderne Train Stn" and there is no such place as Findern train station. On Craigslist. you posted the same condo rental at 3 Columbia Drive #3B in Bridgewater listed by Iliana Rapp an Agent at Weichert Realtors as Millie's listing from a different company without the knowledge or permission of either person. There are other ads posted by you that don't make sense. I've spoke with other Real Estate Agents who claim you have contacted them and pretended to be a buyer only to obtain information about listings. Who are you ? wjcheng@optonline.net ... more
1 vote 1 answer Share Flag
Donald Hansen, Real Estate Pro in Gillette, NJ
Sat Jan 19, 2008
Donald Hansen answered:
There are rentals from $1850 to $5000 available in Bridgewater with at least three bedrooms. Do you have a range that you are looking in so that I can refine the search for you?
1 vote 1 answer Share Flag
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