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Home Buying in Chatham : Real Estate Advice

  • All35
  • Local Info0
  • Home Buying18
  • Home Selling1
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Activity 21
Tue Feb 7, 2017
Pamela Bellah answered:
My advice: When interviewing agents to represent you- ask that agent how much money they have saved or gained their clients---the one you want to hire will show you verifiable financial value well in excess of these rebates offered. I like to advance my own client's interests using the opportunities made available by professionals who rely on rebates to earn business. Just yesterday I worked with an agent who used a form incorrectly which would have cost their seller $43,000 in lost revenue. As in every industry- it pays to do your homework. ... more
0 votes 25 answers Share Flag
Sat May 14, 2016
Anne Shearman answered:
The local real estate broker has this information .
In Succasunna , it is listed on Garden State Multiple LIsting Service .
0 votes 20 answers Share Flag
Thu Apr 10, 2014
Brian Rutter answered:
Lynn,

I have lived in Chatham for over 30 years, first in the borough and then in the township. The short answer to your question is that the most desirable neighborhood in Chatham is...Chatham. Both borough and township are in very high demand. To get more specific than that, I would need to know just what desirable means to you, and what your situation is. For example, if you plan to commute by train to New York, you definitely want to be in the borough, and preferably in walking distance to the train station. If you are looking for large, stately older homes, you want the area roughly between the train tracks and Watchung Avenue and between Fairmount and Hillside. (This does extend south of Watchung to the top of the hill). As a generalization, the township tends to have larger homes than the borough, because it was developed later. The Wickham Woods and Rolling Hills areas tend to have a little more prestige than other areas, but that difference has been minimized lately as the whole area has become more desirable.
As far as "sought after" elementary schools go, there are 3 elementary schools in town, and if you sampled residents you would get three different answers. (As an aside, these three schools are K through grade 3. Grades 4 & 5 are combined into Lafayette School, which would technically be an elementary school, but it isn't relevant to your question).
I would be happy to go over the desirable areas in more detail as it relates to your specific situation. Feel free to give me a call or email.
... more
0 votes 6 answers Share Flag
Wed Nov 27, 2013
Brian Rutter answered:
There is a lot of good information here, but let me see if I can add some insight. I have lived in Chatham for over 30 years. It is a great community, but prices have skyrocketed in the past several years, especially in the Borough. I have found that this is generally true for the areas along the Mid-town Direct (Morris & Essex) train line in eastern Morris County, while near-by towns that are not on the train line are more reasonably priced.
Several agents have suggested lowering your price range, but that may well mean getting less house (fewer bedrooms, smaller lot, more work needed, etc.) than you need. If you do not need to commute to New York City, I would suggest looking at towns off of the train line, If you do need to commute to New York City (and don't want to take the bus), you might want to consider towns along the Gladstone Branch, such as New Providence, Berkeley Heights, and Long Hill Township (Gillette, Stirling, and Millington). The Gladstone Branch also provides Midtown Direct service, although the service at off-peak hours is not as good, and may involve changing trains in Summit.
One thing to investigate if you are going to New York City is the parking situation at the train stations. There tends to be a waiting list for parking permits, and daily spaces fill up by 6:30 or so. I have worked with a number of clients who had thought of buying in, for example, Florham Park and driving to the station in Madison or Chatham. I had to tell them that this would only work if they were willing to go in VERY early.
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0 votes 15 answers Share Flag
Wed Nov 6, 2013
SSBLR answered:
Thanks All! We are going to go for the inspection. Definitely do not want to be penny wise pound foolish on this one...
0 votes 4 answers Share Flag
Mon Oct 28, 2013
bwhal answered:
I lived in Chatham for 22 years (up until 2007) and can confirm, as did others, that it is a very safe town. Unfortunately, however, during that period Chatham also experienced several murders. All of them were domestic disputes of one kind or another - and posed no safety hazard to the public - but I wonder if these have influenced the data being used by Trulia. ... more
0 votes 9 answers Share Flag
Sun Jul 28, 2013
Debra (Debbie) Rose answered:
Your best option is to call in several agents and discuss their marketing plans and commission structure.It can vary.

The only proper and legal response, due to federal anti trust laws, is that "all commissions are negotiable"...................because they really are!


Some have quoted what they believe to be "average rates" - don't be surprised if some agent will negotiate a different number with you.........that's why it's important for agents to never quote rates in open forums as it can be seen as an attempt at price fixing, even if that is not the intent.

Ask for references for 2 or 3 agents in your area.....if you can't get any references from friends, why not drive around and visit neighborhood open houses and meet the agents ... see how professional they are...........make an appointment to sit down and discuss pricing, marketing and commission.

Another option is to stop in 2local offices who do business in your area - ask to speak with the manager and ask them to recommend an agent from their office.

Select someone who has a proven track record...someone you feel comfortable with......and someone who tells you what you need to hear, not necessarily what you want to hear!
You can always find someone who will negotiate a lower commission then the next person, but in my opinion, that shouldn't be the main criteria you use in selecting your agent.

Best wishes!

Debbie Rose
Prudential NJ Properties
... more
0 votes 7 answers Share Flag
Sat Jul 28, 2012
Diane answered:
HI Abigail

Well I believe I have the perfect answer for you....I am smiling because I lived in Short Hills before I moved to Rumson many years ago... Quite honestly I never looked back.....Short Hills and the Summit area are lovely,however moving to Rumson is moving for a life style. They offer everything the towns you mentioned in Essex and Union Counties, without the traffic plus much much more......

Rumson is perhaps the best kept secret in New Jersey, offering top schools, and upscale environment, beaches, adorable town, friendly atmosphere, great access to NYC by boat, train or bus. Wonderful restaurents locally..Red Bank two miles away.......Two theaters, movies, boating etc. the list goes on and on,,,

Please contact me for further info...My husband and I are both full time agents in Rumson..Good luck

Diane 732- 859 2376
... more
0 votes 4 answers Share Flag
Thu Mar 10, 2011
Murray Plishtin answered:
HI Vivien,
Your first, and most important step is find a knowledgeable agent who works in the area you are interested in.
As my colleagues have pointed out, a short sale takes more time than a conventional one, and a good local agent to guide and assist you is a must.
Please don't hesitate to call if I can be of further assistance. 201-618-0309
... more
0 votes 8 answers Share Flag
Thu Dec 30, 2010
Murray Robertson answered:
If REC regulations prohibit buyer rebates, how are companies offering it?
0 votes 20 answers Share Flag
Tue Jul 20, 2010
Debra (Debbie) Rose answered:
Phil asked this question well over a year ago..........hopefully by now he is happily living in his new home
0 votes 9 answers Share Flag
Thu Jul 1, 2010
James Berman answered:
Hi Sharon...Im not sure what you mean by reduced prices? Can you explain what your meaning, ie list price reductions, sale price, number of homes that lower their asking prices compared to those don't, Are you comparing current data to anything? Are you thinking compared to 2007? Are thinking the town over all or just one section?


James Berman
www.thenjrealtorguy.com
... more
0 votes 6 answers Share Flag
Sat Mar 27, 2010
Sharon Cerverizzo answered:
I have a bright 2BR condo in Chatham, directly across from Kings. It had been listed with Weichert, but is nearing completion of that contract. Pls contact me at 973-462-3586 with any interest in seeing it or view http://sharoc.vflyer.com/home/flyer/home/2724761. Thanks! Sharon C. ... more
0 votes 3 answers Share Flag
Tue Feb 9, 2010
Patrizia Giassa answered:
Relocating is a big deal and you are smart to post your question here. Then you will have some options. My team and I have many years of experience and intimate knowledge of Chatham Borough and Township. Give me a call and visit my website for more information. Our team is ready to help you! ... more
0 votes 3 answers Share Flag
Tue Sep 29, 2009
Mary Grunmeier answered:
I work in Morris County, and I took a quick look at the history of this house, and you are quite right...this house has been on the market on and off since 2006, starting at $649,000. I'm familiar with the location, and it's wonderful. The last recorded sale was $559,000 in 1998. The best service I can offer you right now, is to make an appointment to see it, and then we can talk about its history and why the price is what it is. AND why it hasn't sold. I just don't see any easy answers on this one. But, I would be happy to work with you to find out. And, to find out what the right price to offer is. Please check my website at marygrunmeier.com

I've sold homes in Chatham, and I look forward to working with you.

Mary
... more
0 votes 2 answers Share Flag
Thu Sep 3, 2009
Debbie Woerner answered:
Dear Alex,
Thank you for your inquiry. My office has an excellant listing with significant lot size coming on the market next week. The perfect location to town/train/schools at an excellant price. Feel free to contact me for details and price by accessing my profile. Also feel free to check my web site at www.DebbieWoerner.com to note my experience as a top listing and selling realtor in Chatham. Best of luck--- You have selected an excellant community to live in! ... more
0 votes 4 answers Share Flag
Thu Jul 23, 2009
ATS Enviro answered:
If the house also has a heating oil tank you should have it inspected in addition to the home inspection. Home inspectors are not allowed to do this type of inspection. When selecting a co. to inspect the tank use a NJ licensed company with NJ licensed tank testing inspectors. Also if the tank passes the inspection you can use that to purchase a policy from ProGuard if the test was done by an authorized company. Even if the house has an aboveground tank it should be inspected using ultrasonic instruments that can tell if the metal of the tank is in good condition and meets the Federal criteria for aboveground tanks. The underground tank inspection is more complex. If there is an underground tank you can, after you take title; apply for NJ grant money available to pay for removal of the underground tank and installation of an aboveground tank.
Also if the property has a septic system you should have that inspected and this is another inspection that home inspectors may not do. Find a company that does the inspection and make sure the companies inspection results can be used to purchase a $25,000 septic insurance policy. Today there is only one company authorized ASI to do an inspection protocol that is acceptable to the septic insurance Company.
All of the home inspection companies mentioned in other replies are very good companies
... more
0 votes 7 answers Share Flag
Tue Jul 21, 2009
Jason answered:
I think we will be closer to the bottom by Summer 2010. No surprises this Labor Day...sorry :-(
0 votes 14 answers Share Flag
Thu Jun 18, 2009
Randy Hurley answered:
Hello Virginia,

Just curious, were you able to find the information you needed? How is your search for a home in Chatham going?

Randy Hurley
Coldwell Banker Residential Brokerage
e-mail: Randy.Hurley@CBMoves.com
... more
0 votes 5 answers Share Flag
Mon May 25, 2009
Susan Zanzonico answered:
I agree with Marc, Chatham Township has bigger homes with more land. Chatham Boro the homes are smaller and closer to the center of town...walk to town and train are possible. Both are great resale and value...depending on the type of lifestyle you'd like. The schools have good ratings. Give me a call to discuss, I know these towns well and can be reached on 973-214-5872. Best, Sue ... more
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