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Home Buying in Clementon : Real Estate Advice

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Activity 26
Sat Apr 9, 2016
Kathy Burgreen answered:
You can go to the Open House BUT don't expect to put an offer on it tomorrow. Some education 101:

1. It takes time to get pre approved by a mortgage lender. Lenders will verify employment, salary history, credit history, credit scores, savings and/or investments, debt to income ratio, tax returns, etc.

2. Go to www.annualcreditreport.com and pull your credit report. It's free and you're entitled to 1 free report per year. Review it and make sure it's accurate. Better you know it before the lender does. Next, go to My FICO & get your FICO credit scores. Lenders have their own method of getting your credit scores but FICO is the best consumer one. You will have to pay for this. Your scores need to be above 620. Preferably above 700.

3. Lenders base their interest rates & fees on your credit scores and overall financial picture. If your scores are low (below 620) and/or you had a short sale, foreclosure, bankruptcy, judgement, etc. do expect lenders to charge you higher interest rates and additional fees because it's a form of punishment for having low scores. If your credit scores are higher & you have cash available, you will be happy because you will get low interest rates & low fees.

4. At the Open House, do NOT tell the agent too much information. The less talking, the better. You should use a phony address & telephone number when signing in. Use your business address & phone #. The reason is agents use their sign in lists to contact you and attempt to get you to sign an agreement with them. You want to find your own agent - not the one at an Open House. You can observe this agent but you also need to interview others. Prepare what you will say and what you will keep to yourselves so one person doesn't blurt out something that was off topic.

5. Remember the agent on duty at the Open House has a contract with the seller and does not owe you any responsibility or answer questions that may hurt the seller. That's why I said don't talk too much & say something you will regret. Also don't sign anything except the sign in sheet.
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Thu Apr 16, 2015
Barb Saccomanno answered:
Hello,
Normally inspections don't take place until a sales contract is in place and signed by all parties. The buyer will perform their inspection and negotiate the repairs with the seller. As long as both sides can come to an agreement on those repairs that the seller will or will not do then the contract stands. If after some negotiating the buyer is not happy with the seller's response to their repair requests then the contract can be canceled and the escrow money returned.

Good Luck,

Barb Saccomanno
ReMax Main St. Realty
Moorestown, NJ 08057
(856) 313-0088
(856) 866-2525
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Mon Apr 13, 2015
Jrrich asked:
Wed Apr 8, 2015
Jeanne Feenick answered:
Thu Jun 26, 2014
Andrew DiBenedetto answered:
Hopefully by now you have received an answer. However, it's not uncommon for the bank to take their time to get an appraiser out to the property to give you a approval on the price you offered. I hope you the best of luck and please don't hesitate to ask any questions you may have. ... more
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Thu Jun 26, 2014
Andrew DiBenedetto answered:
Hi Odessa. I just wanted to check in to see how you were doing. Has your credit improved? I'm sure you have been working hard to get yourself in a position to get a pre-approval but would like the opportunity to speak with you and give you some insights on how to help you in your situation. ... more
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Tue Jun 10, 2014
Samuel Wolf - Sam answered:
I have a ton of options for first time home buyers! give me a call (856) 994-7335 or email me; swolf.therealtor@gmail.com so we can discuss all the possibilities available..
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Wed Mar 5, 2014
John Reeves - YOUR HOME SOLD GUARANTEED answered:
Check on these links for your search:

http://www.trulia.com/for_sale/Blackwood,NJ/1p_beds/SINGLE-FAMILY_HOME_type/

http://www.realtor.com/homesforrent/Blackwood_NJ/beds-2/type-house-rentals

http://www.ziprealty.com/homes-for-sale/list/philadelphia/by-city/Blackwood,NJ/detailed
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Mon Apr 8, 2013
Jasmin Henderson answered:
There are many homes to rent or buy in this area. I have lived in this area for 13 years and believe that I am the best real estate professional to help you find the home you're looking for.

Call Me
Jasmin Henderson
267-767-3108
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Sat Dec 29, 2012
Larry Sarlo answered:
Clementon borough 08021
CCMUA charge of $81...
The town also has a sewer charge and water is serviced thru The borough itself.

However you may be talking about Gloucester Twp which is different and many times refereed as Clementon because of the post office zip code used. It also has Clementon as a post office 08021 and 08012 and 08081. If the address of the home you are referring to is in Glo Twp your water is serviced thru Aqua Water Co and the sewer is Glo Twp and CCMUA

For local sewer, water and CCMUA (Camden County Municipal Utility Authority) you can expect a $200 charge every quarter (3months)

Search foreclosures and short sale here: www.BuyNJShortSales.com

"Nobody Sells More Real Estate than RE/MAX"

Search the MLS on your phone by Text: In the subject line on your mobile phone- LSAR1 -to number 87778 ... hit send... A GPS feature for listings at your finger tips

Larry Sarlo When you want it Sold Fast!
RE/MAX Preferred
609-868-1171 call / text / email 7 days
lsarlo@comcast.net
www.larrysarlo.com
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Thu Sep 20, 2012
answered:
Good morning,

Yes, those rules are in effect. But if the short sale Lender doesn't have a complete package from the Homeowner, or the Homeowner's negotiator is clueless about how to move a short sale along, then you're dead in the water with the Lender until that package is submitted completely and perfunctorily.

The very few of these transactions I've worked on delayed in EVERY single case because of the Homeowner's lack of responsiveness.

When my clients I'm working with here in New York express interest in buying a short sale I'm frank with my advice and response: DON'T DO IT. Nightmare on Elm Street was a Disney movie when compared to the short sale process.

Trevor Curran
NMLS #40140
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Mon Mar 28, 2011
Caroline Choi answered:
I'm afraid the answer to this one is 'depends.' Is the listing agent working with a 3rd party negotiator? Has the seller gotten all the requested paperwork into the bank, along with your offer? How many banks are involved? If there are any delays in getting the right paperwork to the bank, this could definitely delay the process. If there are multiple banks involved, it will take longer to get approval on them too, and sometimes you're playing tetris with the deadlines for the approval to make it all work out!

I think the biggest thing in a short sale is to be flexible -- that being said, they could approve the short but come back at a higher price too. Hang in there and good luck!
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Wed Mar 23, 2011
Robert Lee answered:
Mon Jan 24, 2011
Janet Larsen answered:
Yes, you need an experienced agent! 203K loans have a very detailed process, such as specific licensed contracter estimates itemized. The appraisal is done in two-fold, 1st for the current value, 2nd for the value with work completed, which determines the amount mortgaged for the renovation. This work needs to be completed within a certain period of time. It is also essential to have a very knowledgeable lender involved, as you will be assigned a case worker to assist in the process. If I can help, please contact me.

Janet Larsen, Broker/Associate
Remax Connection
856-261-6910
njrealtorjan@comcast.net
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Fri Nov 12, 2010
** Jeremy Gryvatz ** answered:
Call a mortgage banker as soon as possible. Have documents ready. Only a lender will be able to answer that question for you
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Fri Nov 5, 2010
Robert Greenblatt answered:
Hi Angela. I am very familar with Lindenwold and the surrounding area. Feel free to contact me for some no-obligation advice.

Robert Greenblatt
Keller Williams, Cherry Hill
0 votes 2 answers Share Flag
Thu Aug 12, 2010
Diane Glander answered:
Looks like you are a buyer. The basic difference in a lease with option vs a lease purchase is that at the end of the term you are either locked into buying or you have the option to buy. So, for flexibility sake, a lease option is better than a lease purchase. As a buyer in a down market, you should be sure that the price you are writing into the lease is a good one. These days most sellers will not entertain that type of offer as it should be below current market pricing. ... more
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Thu May 6, 2010
Jerry Barker answered:
Once a mortgage is in place they dont allow the deed to be altered. Any changes you make could be null and void, and a waste of your time. Follow the advice thats already been given and consult with a real estate attorney before proceeding. ... more
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Mon May 3, 2010
Cpunkin answered:
Thank you..Dp2 for your answer..I also think I need to get with a real estate agent in the South Jersey area who is familiar with this process..Is there any one out there who is?
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