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Cream Ridge : Real Estate Advice

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  • Home Buying4
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Activity 15
Fri Mar 6, 2015
Christa Mcsorley asked:
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This question was asked from this property: http://www.trulia.com/rental/3174906735-LOVEMAN-33-Sanders-Ln-Cream-Ridge-NJ-08514
0 votes 0 Answers Share Flag
Thu Feb 28, 2013
Alison Hillman answered:
Hi there-

I would recommend you work with an agent, hope this helps: http://www.trulia.com/voices/directory/08514-agent--43705

Ali, Community Manager
0 votes 1 answer Share Flag
Tue Jun 12, 2012
Erin Taffin answered:
Typically it is the buyers agents responsibility to inform you of the area especially if you are not familiar; however, if the agent can prove that he/she had no knowledge of the noise issue then the point is mute. If the agent acting is a dual disclosed agent, that is listing for the seller AND representing the buyer also, then of course the agent would have to disclose or at least indicate that there is sometimes an occurance during special events of noise to be above normal.

For instance, Raceway Park locateed in Old Bridge on the Manalapan border offers jet funny cars and speed racing and when an event is hosted ie/every Wednesday night in the summer and on weekends in the summer the noise is at an extreme for neighbors. This is definately something to be disclosed.

As for the air rights being on the flight pattern an attorney would have to advise. I hope all works out.

Erin.Taffin@SothebysRealty.com
... more
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Mon Jun 11, 2012
Jacques Ambron answered:
No actually if you had a buyers agent then they absolutely should have informed you. That to me is a serious breach of trust and a really poor representation of your interest. I hope they have insurance. Talk to a lawyer about this. I'd be curious if your agent knew about the problem. ... more
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Mon Jun 11, 2012
Jacques Ambron answered:
the broker has a fiduciary responsibility to the seller and should not be telling you about such things, unless there is material defect that wasn't disclosed then the broker would be at fault, otherwise it's your responsibility to check out your purchase and the neighborhood you are buying in. We have some neighborhoods that are under flight paths, the broker should not say to a prospective buyer "gee, before you buy, you do know there is an airport nearby?". Obviously others have bought around you so it's obviously not a hidden problem. ... more
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Sat May 5, 2012
John Sacktig answered:
No need for apologies Connie, see where it reads 08514 .. zip code.

It is a fact that Craigs list has the highest amount of real estate rental scams on the internent.

But, maybe South Padre Island Texas has 6 or 7 listings on Craigs List. But here in NY & NJ we proabably see a little more traffic.

That is why that agents should answer local quesitions..
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0 votes 8 answers Share Flag
Sat Nov 14, 2009
Jeanne Feenick answered:
Ni there Nsa162, agree with prior posters, sounds like confusion on the part of the sellers attorney/seller. You have closed, proceeds disbursed, check to septic in hand - title transferred. No, don't think terms can/should be negotiated after the fact.

But, these are details of the negotiation and closing that we agents can only offer our general feedback and opinions, but negotiating and documenting points like this prior and through close is exactly why you have an attorney - talk to him/her pronto. Hopefully in the process the attorneys captured this agreement in writing.

Good luck to you.
Best,
Jeannie Feenick
"Unwavering Commitment to Service"
Find success at www.feenick.com
... more
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Tue Nov 10, 2009
John Sacktig answered:
Jeanne has explained this perfectly with no further explanation necessary.

A few observations though.. Your realtor should have explained to you that a verbal offer is not anything except a verbal offer. You should have, upon deciding on that house on Saturday, went back to the Realtors office, wrote a contract and sent to the seller to get it signed and into attorney review. (or at least on Sunday)


Now, your best shot is to make a higher offer while it is in attorney review -or- keep it for a back up offer in case something goes wrong with the current deal. I always tell a buyer, if you are serious about a property.. move quick, get it into and out of attorney review asap.
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Thu May 14, 2009
Luke Allison answered:
If you are buying a home that already exists then I think that the product you are referring to is a renovation loan, not a construction loan. I will answer your question from that angle:

Renovation loans are not much different than a conventional loan. You can borrow up to $417,000 and usually the minimum renovation amount is around $50,000. You lock in on your fixed interest rate from the start so there is no need to refinance. Here is an example:

Purchase Price: $150,000
Renovation Cost: $200,000
Total Price: $350,000

Down Payment - 10%: $35,000
Loan Amount $315,000

At the closing, the seller gets paid their price and the renovation amount gets set aside and moved into a bank-held escrow account. Your builder (and you will need a licensed GC) will then make draw requests over about 6 months to pay the costs of the renovation. If you use less than the alloted amount then the remaining balance will be reduced from the principle and the loan revised to adjust the payments.

I hope that was what you were looking for....
Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com
... more
0 votes 1 answer Share Flag
Tue Feb 12, 2008
Weiming Wong answered:
It is all real estate agents' duty to the sellers to continue to market their home until it is closed - part of state regulation (both NJ and I believe also part of codes of conduct Nationional Association of Realtors). Depending on the MLS board, it is a MLS violation to leave the listing status as active when there is a contract on it. ... more
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Mon Nov 5, 2007
Diane Glander answered:
8 single family homes closed between 8/1 and 10/31. Average Days on Market was 145, Average Sales Price was $708,953. List/Close Price (Avg) % was -3.0. If you would like a full report on these properties, reach out to me via my website below or through Trulia. ... more
0 votes 1 answer Share Flag
Sun Nov 4, 2007
Jeff B answered:
Pat, 6 Arlenes Way has not sold but is currently on the market for $824,900, with an original asking price of $849,900.
0 votes 1 answer Share Flag
Fri Oct 19, 2007
Sylvia Barry, MAS,CIPS,SRES answered:
Hello pat,

I am in California. For us, if a buyer has the 'first right of refusal', you can still make an offer, and if the seller is interested in your offer, he has to go to the first buyer and see if the first buyer can match or exceed your term, whther it's price, timing, contingency, etc; does not matter. If the first buyer says yes and delivers, then you will have to wait. If not (they refused), then your contact, after negotiation, kicks in.

Yes, the realtor, and/attorney will need to disclose that that the seller has an agreement with the first buyer for first right of refusal. To protect you, before you present your offer terms to the seller, have them sign an agreement NOT to disclose the terms on your contract to the first buyer. If they agree, then you can present your offer.

However, since I am in California, take it with grain of salt. Hopefully NJ agents will reply to you.

Best,
Sylvia
... more
0 votes 5 answers Share Flag
Sat Sep 8, 2007
Deborah Madey answered:
Pat,

If I were your representative agent, I would gladly phone the listing agent and gain up to the minute status info for you. Since I am not your agent, I am limited to the data presented in the MLS, which I provided in my initial post.

The job of a sellers agent is to promote a property to secure the highest price and best terms. The job of a buyers agent is to negotiate the best price and terms for the buyer. What you are asking for is activity data on a property and that info is not recorded in a database that any of us Trulians can acess.

However, if you have an agent, your agent can certainly call the listing agent for additional detail. Since I am not your representative, such would not really be appropriate for me to do. However, if there is a way that I can help you, you are more than welcome to phone or email me directly.

We have agents who work your area, or I would be glad to help you further myself.

Regards,
Deborah Madey - Broker
Peninsula Realty Group
732 530-6350
Deborah@PeninsulaFirst.com
... more
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