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Dayton : Real Estate Advice

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  • Local Info0
  • Home Buying9
  • Home Selling4
  • Market Conditions4

Activity 39
Wed Feb 15, 2017
Michael Abramsky answered:
Don't just go by the credit score, take a look at the credit report in order to determine whether the renter is in a good enough financial place to pay their rent on time every month. Are the credit scores low because of late payments and a foreclosure from a few years ago or does the renter have court judgments, tax liens, charged-off credit cards and past due debt in excess of $200,000? Don't let a score dictate whether someone is a good renter or not. Look inside the actual report and find out why the score is low. ... more
0 votes 28 answers 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:
Mon Sep 29, 2014
Vishal Maher Cell 732-277-9321 answered:
The Closest supermarket with pharmacy I believe is the Stop N Shop. I would recommend to drive by the area for more information or speaking with someone who lives around that area.

Vishal. ... more
0 votes 3 answers Share Flag
Fri May 30, 2014
Vishal Maher Cell 732-277-9321 answered:
It could be either Cross roads North or Cross roads South.
0 votes 1 answer Share Flag
Tue Mar 25, 2014
Samantha Yakobchuk answered:
Check out www.walkscore.com -- it's a wonderful resource and tells you the distance of restaurants, grocery stores, parks, drug stores, and the like.
0 votes 1 answer Share Flag
Sat Mar 8, 2014
Leonard Dunikoski answered:
Four Seasons is an Adult Community (minimum age 55)- is that what you're looking for, or are you looking for a condominium community that's not age-restricted?

Leonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739 (cell) (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com
@ListWithLen
... more
0 votes 3 answers Share Flag
Thu Nov 21, 2013
Vishal Maher Cell 732-277-9321 answered:
Hello Keshav,

Though this question was asked back in 2010 and you never received a response from any realtor, I thought that I should respond.
Summerfield is in Dayton (zip code 08810), Monmouth Walk is in Monmouth Junction(zip code 08852). They both are in South Brunswick Township.
Summerfield is a younger community compared to Monmouth Walk.
Not much difference in the HOA Fees.
Property Taxes in Summerfield are slightly higher than Monmouth Walk between the similar square footage Townhomes. Obvious reason is that Summerfield is younger.
Summerfield in closer to NYC Park-N-Ride compared to Monmouth Walk
They have different Elementary Schools. Please go to www.greatschools.org to check school information.

I hope this helps and If you still have not purchased any home or looking to buy, please contact me at my cell# 732-277-9321.

Vishal.
... more
0 votes 2 answers Share Flag
Thu Nov 21, 2013
Vishal Maher Cell 732-277-9321 answered:
Hello Ganesan,

Let me know If I can be of any help in selling or buying a home in Summerfield for you. Feel free to contact me anytime at 732-277-9321.

Thanks,
0 votes 4 answers Share Flag
Thu Jul 25, 2013
Gary Geer answered:
Jason Hart,
We need more information to respond. Was your home a short sale waiting for lender approval?
0 votes 3 answers Share Flag
Mon May 6, 2013
Vishal Maher Cell 732-277-9321 answered:
Hi,

In past one year following "Barrington" model with finished basement were sold in Summerfield :

2105 Dahlia Circle- sold for $392k closed on 1/4/2013

202 Yarrow circle- sold for $403k closed on 11/28/2012

Last "Chatam" Model sold with finished basement per MLS was:

1306 Dahlia Circle for $405k on 8/5/2011.

I hope this helps !!

Should you have any further questions on Summerfield or any other communities in south brunswick, please let me know.

Thanks,
Vishal.
... more
0 votes 1 answer Share Flag
Thu Aug 30, 2012
Vishal Maher Cell 732-277-9321 answered:
Hi Naina,

I've sold several townhomes in Summerfield. There are Two Models in Summerfield in 2 Bedrms. The ones with loft called "Dover W/Loft" and the ones without the Loft. Both have Basement.

The last Dover w/Loft models were sold for $340k (Finished Basement) in past One Year and for $315k and $316k (Unfinished Basement)- little over a year ago.

I hope this helps !!

If you wish to see any homes in Summerfield or any other development in South Brunswick, I will be more than happy to assist you.

Vishal.
... more
0 votes 3 answers Share Flag
Tue Aug 21, 2012
Vishal Maher Cell 732-277-9321 answered:
Hi,

The 2 bedrms,2 baths and partial basement in quincy circle should rent anywhere between $1800 to $2000 per month.
Any additional questions, Please feel free to contact.

Vishal. ... more
0 votes 2 answers Share Flag
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
... more
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
Thu Feb 10, 2011
Gina Chirico answered:
Dahlia,

I've been reading through many of your questions you've been asking. Obviously you are relocating to Texas so you need to sell your house. In order to sell your house there's plenty of factors to consider like pricing it right, marketing, easy to show, etc. If you list it without an agent, how are you going to advertise your house is for sale and more importantly, who's going to pay for your advertising? Who's going to make sure that everyone who knocks on your door is a credible, ready, willing and able buyer? Are you going to let just anyone in your house? Who's going to negotiate on your behalf? Do you work? If yes, who's going to filter the call you will be getting on your home? Can the home now only be shown in the evenings or weekends? These are some examples of thee value of a real estate agent.

If you owe more than or close to what your house is worth then I understand for financial reasons you want to and need to cut back but what if you don't sell it in time to move? Will you stay here? Will you rent it?

Make appointments with some agents in your area. Talk to them, ask them questions, let them run the numbers (CMA) on your house to see what its worth. Maybe you do have more equity in the home than you think or perhaps its even less than what you thought. You need to come up with a game plan and your secondary plan in the event the first one doesn't go right (the house doesn't sell, etc.). Sherman Anti-trust laws prohibits agents from discussing commissions on a public forum, or even amongst ourselves. Commissions are negotiable and are between you and your agent so as I said above, contact a few agents and take it from there but don't choose based solely on commission - without the right pricing and marketing, your house may not sell and then what?

Good luck,

Gina Chirico, Sales Associate
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office
Gina@GinaChiricoRealEstate.com
... more
0 votes 5 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
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