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08810 : Real Estate Advice

  • All21
  • Local Info1
  • Home Buying9
  • Home Selling4
  • Market Conditions1

Activity 20
Wed Jul 19, 2017
Alexys Hernandez answered:
YES A CREDIT SCORE SHOULDNT JUDGE SOMEONE CHARACTER . IVE RENTED TO PEOPLE WITH LOWER SCORES THERE ARE DECENT PEOPLE WITH HORRIBLE CREDIT. ITS ALL ABOUT HOW YOU FEEL THOUGH I GO OFF OF CHARACTER AND HOW I FEEL ABOUT A PERSON AND THERE CREDENTIALS AND WAY THEM ALL. ... more
0 votes 30 answers Share Flag
Sat Jun 24, 2017
Kathy Burgreen answered:
Not real clear as to what you mean by "mixed use" and what kind of help are you looking for? Since I'm a former realtor in the NYC area, I'm pretty knowledgeable with NJ. First you need to contact some local agents who can help you find a rental. Your best method is to visit some of the large name brand brokerages and ask the Office Manager or Broker to connect you with an agent who just got their license. New licensed agents will start their career with rentals because they need the experience and to develop a client database. Once they have a database of clients and some experience, they move up to buyers and sellers. Since you're looking for a rental, an agent who is just starting out will be your best bet.

The other issue is your budget. I know you're looking outside the immediate Manhattan suburbs but still in your area, don't expect rental prices to be cheap. It's not as expensive as the towns / cities along the Hudson River but prices don't drop that drastically until you are further south or west in NJ (Atlantic City area or Flemington for example). If you're on a voucher or can't afford the average rent, it will be very difficult.

Good Luck.
... more
0 votes 1 answer Share Flag
Thu Sep 17, 2015
Michael Dolan answered:
Is your home listed with an agent?
0 votes 1 answer Share Flag
Wed Mar 11, 2015
Vishal Maher Cell 732-277-9321 answered:
Hi,

You are asking a question to folks in New Jersey. You might want to ask the same question to folks in Hawaii.

Thanks
0 votes 1 answer Share Flag
Thu Dec 4, 2014
Vishal Maher Cell 732-277-9321 answered:
Thu Aug 16, 2012
Vishal Maher Cell 732-277-9321 answered:
It really depends on types of permits which are open.
0 votes 6 answers Share Flag
Mon Aug 22, 2011
Mary Petti answered:
Elvee,

First of all I think your friend should be the one asking the question, because some of your recounting of the events are not clear.

I do believe your friend (or you, through their explanation to you) misunderstood about the "warranty" (which you called insurance). The agency (company) does not provide a warranty on a home. An agent may sometimes provide one as a closing gift on a sale, but not on a rental.
Perhaps your friend misunderstood what the agent told him/her, that as an owner he/she could purchase a warranty, but honestly I don't believe any of the warranty companies issue one to the landlord to cover a rental property (I could be wrong however).

But if I understand correctly...

1) The house was listed for sale AND rent through the agent.

2) The house was rented to the tenant, with the agent providing the standard leasing agreement (with an option to buy??)

3) The owner still had the house on the market for sale, even after the lease was agreed to, and then the owner withdrew the "sale" listing agreement and just continued with the rental agreement and the tenant moved in.

4) The original lease is now up for renewal, and the original "rental LISTING agreement" has a clause that if it is re-rented/sold to the same tenant, the owner must pay the agent a commission again. It probably said something like this:

" Should there be a renewal of the lease.......an additional commission of ___ will be payable to the broker by the landlord, at commencent of the new term."
"Should there be a sale or exchange of the property between the tenant and the landlord, a commission of ___ will be due from the owner/landlord at passing of title"

NOT that this is legal advise, but IMHO if #4 applies, then I do believe that your friend owes commission to the agent for the renewal. Your friend entered into a legal contract when he/she signed the rental listing agreement. Withdrawing the "sales" listing does not absolve your friend of their obligation if the agent found a tenant while it was listed for rent and is now renewing the lease with that tenant.

I suggest two things:
First, have your friend call the BROKER/MANAGER of the agency, not the agent, and explain the situation calmly and in detail to see if this can be resolved amicably.
If there is no agreement on how this is to be handled, then have your friend contact an attorney about his/her legal obligation to the agent as far as renewal commission if concerned.

Hope that helps
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0 votes 3 answers Share Flag
Sun Mar 20, 2011
Jim Townsend answered:
If you're asking what time of year is best, clearly the spring is best. April 1 is usually a target date for my sellers. If you want to know if the market is right to sell then consider this;
The stock market is soaring right now (yes, soaring) Some of my equity investments are up 40%. Corporate earnings are up. Retail sales are strong, indicating a rise in consumer confidence. Jobs are on the rise. In my area (Princeton, NJ), forclosures are not a significant problem as in other areas. I concede that this is keeping downward pressure on sales. The currently unstable oil market has put a squeese on travel and food prices but no one knows if this will be a long or short term problem (other countries have increased oil output).
One main concern for potential buyers is the effect of interest rates on home affordability. When the economy starts to show improvement, prices will rise (they already have in the Princeton area!). If inflation is a fear then the Federal Reserve will increase rates. Just a small increase in rates and prices will bump buyers into a lower price range. Finally, Sellers become buyers unless you want to rent (you should have done that before the markets improve). If you sell at a discount then you will also buy at a discount. Barbara Corcoran (NBC Consultant and former broker) said you'd have to be "crazy" not to buy now, if you can afford it. I'm obviously bullish on the market but the fact that my business is showing a large surge, suggests that there may be good sales around the corner (fingers firmly crossed).
Jim

jimtownsendhomes.com
... more
0 votes 20 answers Share Flag
Wed Feb 9, 2011
Kathy Vetten answered:
If you want to sell your home, take a look at whos selling homes in your area, Look for Advertisment like billboards,, these are not cheap,, and the realtor spending this type of money, obviously is eager to list and sell... It only takes one ... and believe me, you wont be interviewing them.....He/or/She will be interviewing you... If you want to sell, you must listen and take the realtors advice.. they know the market, and they know what it will take to sell your home.. AND never judge a book by its cover...... Realtors like myself work 6 sometimes 7 days a week ..... One good word of Advice... JUST ASK THE REALTOR... "DO YOU WORK FULL TIME OR PART TIME?" YOU WANT A FULL TIME REALTOR.. and if they are busy working for you, they wont have a lot of time to constantly babysit you, but will give you periodic updates....... ... more
0 votes 19 answers Share Flag
Tue Feb 8, 2011
Jerry Barker answered:
You should define your question a bit more if your going to get some answers here, but try http://www.rentometer.com and see what info you get from that site.
0 votes 1 answer Share Flag
Mon Feb 7, 2011
Susan Norman answered:
There are no listings currently for sale in Dayton Center II. The last one was a 2 bedroom 1 1/2 bath Montvale home and it just went under contract. That home was listed for $259,900. Sales price will not be available until closing. I am a broker associate with Henderson Sotheby's International Realty in Cranbury, not far from your home. My area of concentration is Middlesex County. Give me a call if you would like me to visit and I can give you a more accurate analysis for your home.
Donna Levine 732-718-4559
... more
0 votes 4 answers Share Flag
Thu Jun 24, 2010
Vishal Maher Cell 732-277-9321 answered:
Keshav,

Asking questions is always good. You can always reach me with more questions at my Cell# 732-277-9321.

Vishal Maher
Richa Realty
0 votes 4 answers Share Flag
Wed May 5, 2010
Vishal Maher Cell 732-277-9321 answered:
Dear Keshav,

Bagu Nara !!
As a Civil and Construction Engineer and Licensed Realtor, It does not really matter If the house is 1985 Built as long as it is well-maintained, structurally sound, properly waterproofed Basement and good roof. Usually I make sure that all these things are in good shape while I see homes along with my Buyer. Also, for Foundations, you may want to make sure that preferably you get Concrete Pour foundation walls as compared to Concrete Masonry Units (Individual concrete Blocks). You can check this when you check the basement.
Also, for Roof, Timberline shingle roofs has Manufacturers warranty anywhere from 25 years to 30 years. This means, that If the roof was installed 10 years ago, You are good for next 15-20 years.
For any questions, You can contact me any time at my Cell# 732-277-9321.



Thanks,

Vishal Maher
Richa Realty
Cell# 732-277-9321
... more
0 votes 7 answers Share Flag
Fri Apr 9, 2010
Jeanne Feenick answered:
Hi there - yes, I recommend that you keep the process of getting permits on the seller's side of the equation. Township requirements vary, but permits are generally required where electrical and plumbing work is done. If that is not done correctly, it is not just a permit matter, but could also be a safety matter. If the owner did not get a permit for the work done, there could be tax implications, ie assessed recalculation, but also fines assessed to get the permits after the fact. So stick to your guns.

In terms of the CO, generally it is the seller that is required to get this in order to close. Often this boils down to an inspection by the fire prevention dept of smoke detectors, carbon monoxide detectors and fire extinguisher - that they are properly placed and functioning. Check out the town website for more info.

Permits are important and the lack of them catch up with you in time. If you accept the space without permits, you may have to deal with it when/if you decide to sell. So best to get this resolved now.

Good luck to you!
Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 9 answers Share Flag
Wed Nov 18, 2009
Vishal Maher Cell 732-277-9321 answered:
John

Never be sure and who knows, may be sri might still be looking......
0 votes 5 answers Share Flag
Tue Nov 17, 2009
Vishal Maher Cell 732-277-9321 answered:
Dear Sai,

I think you are talking about Blossom Circle property. The process of foreclosure is lenghty. It usually takes about 18-24 months to process with the foreclosure procedures depending on the bank. Besides that, lots of things may happen prior to the closing in a foreclosed property. Issues such as CO.
Chances are that the home may have multiple offers when listed under foreclosure.
I have sold several homes in Summerfield and If you or your friend is looking to buy, Just give me a call.
I am always available on my cell# 732-277-9321 from 6:00am -9:00 pm seven days a week.

Thanks,
Vishal Maher
Richa Realty
Cell# 732-277-9321
... more
0 votes 2 answers Share Flag
Thu Nov 12, 2009
Vishal Maher Cell 732-277-9321 answered:
Dear Hunts,

Currently there are no listings available in MLS in Single family homes in Summerfield.
I have sold several homes in past in this development.
Following are list of Closed (Sold) homes in Summerfield:
19 Scenic- $550k -Unfinished basement
15 Scenic- $570k-finished basement
1 Sequio drive- $555k- Unfinished basement
28 Larkspur dr- $590k-Unfinished basement

If interested in sending you properties in Summerfield as they are available for sale, Please contact me at my cell# 732-277-9321 or email me at vishal.maher1@msx.mlxchange.com

Thanks,

Vishal
Richa Realty
Cell# 732-277-9321
... more
0 votes 2 answers Share Flag
Thu Nov 12, 2009
Vishal Maher Cell 732-277-9321 answered:
Dear Buyer,

Two properties on Blossom circle were sold for $278k and $282,500 in last three months. These are both 2 bedrms, full basement properties.
I have sold several townhomes in Summerfield. I can definately assist you.
Please give me a call at my cell# 732-277-9321. My cell phone is always on from 6:00 am -9:00 pm SEVEN days a week.

Vishal Maher
Richa Realty
732-277-9321

www.vishalmaher.shutterfly.com
... more
0 votes 3 answers Share Flag
Thu Aug 28, 2008
Jason answered:
I am happy to say, it's all fixed. You should receive your emails tonight. Thanks for you patience.

Jason
~the email guy~
0 votes 3 answers Share Flag
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