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Home Buying in East Orange : Real Estate Advice

  • All149
  • Local Info18
  • Home Buying42
  • Home Selling2
  • Market Conditions8

Activity 44
Fri Jun 10, 2016
Homes50 answered:
Woodlands At Upsala/Towns
278 Woodland Avenue
East Orange, NJ 07017
0 votes 1 answer Share Flag
Wed Mar 30, 2016
Daniela042 asked:
Hi.. im looking for a 2 br apt in Northern NJ.. I have stable emplpyment with employer 15 years, excellent rental history, no convictions or evictions. Its just really hard finding an apartment…
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Tue Dec 29, 2015
Dan Tabit answered:
Patricia,
Your credit is good. The loan amount will depend on what other debt you might have and how much the lender wants you to have for minimal standard expenditures.
Assuming no other debt and a debt ratio around 41% (and this will vary based on the loan guidelines and residual income requirements) you would qualify for a mortgage payment around $1,050 per month.
If you plug that into a mortgage calculator, you can figure out how much you can borrow, but of course the rate, term and other factors also come into play.
This payment would have to include principle, interest, taxes, insurance and any home owners association dues.
To find out "how" start by talking to a lender and see if they suggest you apply in full. Once you do, you'll be on your way. Your bank probably has a mortgage department, if you start there you can find out easy enough, just don't stop there if you can get approved. Shop a bit, ask your Realtor for another lender.
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Sat Jun 13, 2015
Bethina answered:
You can find all property tax info here:

http://tax1.co.monmouth.nj.us/cgi-bin/prc6.cgi?&ms_user=monm&passwd=data&srch_type=0&adv=0&out_type=0&district=0700

Search by county, In this case Essex, then District and type in Street address of particular property you need. FYI East Orange property taxes are high for home value/ quality of schools. In my guess, it would be hard to make anything on an investment property (you'd probably break even) since property taxes are high but the area is bad and therefore cannot command high rents. Lots of rental vancancies here. Speaking honestly as a home owner in East Orange, I wouldn't have brought. ... more
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Thu Apr 2, 2015
DARLA5558 answered:
YOU WOULD HAVE TO GO TO PROBATE COURT AND APPOINT SOMEONE SUCH AS YOURSELF OR ONE OF YOUR SIBLINGS AS EXECUTIVE OF ESTATE AND EVERY WOULD HAVE TO AGREE ON IT
0 votes 7 answers Share Flag
Tue Jan 27, 2015
franciqueanais12 asked:
Sun Jan 4, 2015
wco14 answered:
If you call the office at Harrison Park Towers-- A Cooperative Building, they are often aware of the owners in the building who either are willing to lease/rent with an option to buy. I own a unit that currently has a couple that is only leasing, but is not interested in buying. Since I have relocated, my preference is to sell the unit. There is an issue: while my unit once appraiseed for $141,000, while I am not certain, the current market value is below $80,000. So, to relieve me of my mortgage, a buyer would need a sizeable cash payment, but would then have a mortgage of $250 to $300 a month. ... more
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Tue May 20, 2014
Andrew Tisellano answered:
Mon Feb 10, 2014
Jeanne Feenick answered:
In my experience, buyers are far more successful in negotiating repair requests if they are focused on those items that fall into structural, safety and/or environmental categories. Those are hard for a seller to refute.

Having said that, you as buyer have the right to ask for whatever repairs you like, and the seller has the right to respond. The seller is not obligated to do any but is more likely to respond to those that are NOT what is considered cosmetic in nature.

Good luck,
Jeanne Feenick
... more
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Sun Jan 19, 2014
hdarron908 answered:
Mon Dec 23, 2013
Basimah North answered:
Hi Khaleeka,

If you home is ready to be rented and is registered as a rental with your municipality where the home is located than by all means rent it out fast.

The first step you would want to take is making sure all the right legal paper work has been done with your local mulnicipality in which the property is located.

Next would be to make sure that you do a" walk-thru" to make sure your home is ready for renting and don't forget to create a checklist and take lots of pictures of the place before you rent the property. Why so that this will cover you as a Landlord in case any tenant vs. landlord drama happens. You always want to make sure the condition of the property "before & after" the tenant moves out. is as it was before they moved in.

Last once you have all your paperwork needed to now become a landlord all you have left to do is welcome your new tenant(s). with a cute gift like this pic here >>
... more
0 votes 4 answers Share Flag
Fri Jul 19, 2013
Loshauna1 asked:
Fri May 17, 2013
Veronica Barnett answered:
My landlord is asking for a 1.5 security deposit and the rent is $1400.00 a month, What should I give him?
0 votes 15 answers Share Flag
Fri Jan 18, 2013
Andrew Tisellano answered:
yes Stars live among us.
The next star could be in the home next door to your house.
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Thu Jan 17, 2013
maathiasso asked:
--
This question was asked from this property: http://www.trulia.com/property/3012616672-366-Dodd-St-East-Orange-NJ-07017
1 vote 0 Answers Share Flag
Mon Dec 10, 2012
Katonga.underwood asked:
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This question was asked from this property: http://www.trulia.com/property/1082215663-4-Upsala-Ct-East-Orange-NJ-07017
0 votes 0 Answers Share Flag
Wed Dec 5, 2012
Jeanne Feenick answered:
Only your lender can answer this question fully - so ask him/her. But generally my advice in this market is do what they say, provide what they request....all in a timely fashion.

Good luck and best,
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
... more
0 votes 1 answer Share Flag
Fri Oct 19, 2012
Marsha Bowen Washington answered:
Hi Vanessa,

I hope you are working with a real estate agent that is pulling comps for you before you present an offer. In addition, you should speak to your mortgage contact to find out if the appraisal company they are using is local. Some mortgage companies are using appraisers that do not have knowledge of the area and do not present the best appraisals. It's also possible the sellers have overpriced their homes too.

Good luck!
... more
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Fri Jul 6, 2012
Marsha Bowen Washington answered:
Hi Kamesha,

Unfortunately it doesn't matter if the property is a house or condo, each town including East Orange will base property taxes on a tax rate in which the tax assessor calculates the property taxes. ... more
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