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Market Conditions in Edison : Real Estate Advice

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  • Local Info26
  • Home Buying197
  • Home Selling19
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Activity 34
Mon Apr 10, 2017
Abi73ra asked:
I notice so many grid lines and towers in N Edison but prices seem to be soaring always. So many new homes near tower and lines. Am I missing sth here? Why are property prices not affected…
0 votes 0 Answers Share Flag
Wed Feb 18, 2015
Michael Dolan answered:
You can take Woodbridge Ave to S. Main St. which will bring you right to the station. There is currently nothing available in the Centerplace complex.
1 vote 2 answers Share Flag
Fri Nov 15, 2013
Anna M Brocco answered:
Perhaps your question was cut off; for helpful school information see links www.greatschools.org
www.schooldigger.com
1 vote 2 answers Share Flag
Thu Jul 25, 2013
Trevor Curran answered:
Good morning jameslisa5531,

I’m no real estate agent, just a humble Mortgage Banker, but I can give you some guidance on your search for the right rental apartment.

In my experience in the real estate trade, I’ve discovered that the consumer is best served by adopting some simple strategies, whether you’re buying a home, selling one, or renting an apartment.

First: remember that real estate agents work on commission. The better quality agents---and those with the most experience---will be testing you from the initial contact to determine if you’re serious and will commit to using their services. Why? Because real estate is like any other business; you don’t sit at a table in a restaurant to read the menu without actually buying food at some point. It’s the same concept: the experienced real estate professional has to earn a living by renting apartments to serious and qualified prospective renters.

Therefore, the smart consumer should be well-prepared and committed to respecting the real estate professional’s time. Prepare yourself with three fundamentals: amenities, location, and price.

Know your requirements for the apartment you wish to rent in terms of amenities (one bedroom versus three bedrooms; elevator building or private house), location (proximity to public transportation or need for parking), and price. If you present yourself as well-prepared you’ll have a better chance of working with an experienced agent who will work hard to find you the right apartment.

Second, start with the internet---especially TRULIA.com---but stay “local.” Here on TRULIA.com you can easily find a local professional by clicking on “FIND an AGENT” at the top of this page. There you can hone in on a seasoned professional in exactly the area where you wish to rent your apartment.

TRULIA provides exceptional tools to help you as a consumer understand the quality of the professional you’re working with. Read the agent’s profile; check out the recommendations from previous clients; get to know the level of experience of the agent and the areas that agent covers.

Third, real estate agents are prevented by Federal regulations from answering certain types of questions. They cannot discuss schools or school districts, crime statistics, and a variety of other issues prohibited by Fair Housing regulations. If your agent is vague when you ask certain types of questions, now you know why.

Finally, demonstrate your level of seriousness to your real estate agent. Show up on time for your appointments to view apartments. If you’re required to submit documents for the Landlord to review with your rental application, get them into your agent’s hands pronto. Not only does this help you potentially get one step ahead of a competing renter, but you’ll be viewed by the Landlord as a responsible renter. Landlords prefer responsible renters, don’t they?

I hope that helps you improve the results of your search for an apartment, and helps you with a better quality experience.

Trevor Curran
NMLS #40140

*If you thought my answer was helpful, please give me a “Thumbs Up” or “Best Answer.” Thanks!
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Sun Mar 17, 2013
Angeline Li answered:
condition of the house such as upgrades, location and market situation will affects the price of your house. However, I don't think your house being in the school area will be a negative. In fact, I am working with a few buyers who are particularly looking for houses that's in the Woodbury, Woodbrook section.
Call me or email me for more questions.
Angeline Li
NJAR Bronze Award of Year 2012
Nextage M3 Relaty
1910 Oak Tree Road,
Edison, NJ08820
... more
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Mon Nov 19, 2012
Howard Finkelstein answered:
LINDENEAU ELEMENTARY SCHOOL ( SUBSCRIPTION BUSING AVAILABLE ), HERBERT HOOVER MIDDLE SCHOOL ( BUSING AVAILABLE ), AND EDISON HIGH ( SUBSCRIPTION BUSING AVAILABLE.

HOWARD FINKELSTEIN

C-21, JOHN ANTHONY AGENCY
732-715-5339
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0 votes 1 answer Share Flag
Wed Dec 8, 2010
Jeff Cannell answered:
I think we are at bottom now. Anyone who is looking for a house now in edison or more specifically North Edison should move to purchase right now. It's winter and prices will not go down any further. They are at rock bottom. The interest rates have started to go up slightly on a 30 Year fixed.

Hey, I've just listed my house. Call me if your serious, and are pre-approved for a mortgage. 908.797.7143. I'm also on forsalebyowner. 15 Lavender Dr. Edison.
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Sun Oct 24, 2010
Poonacha U. Bollera answered:
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Fri Aug 6, 2010
Gina Chirico answered:
Poonacha,

Where are they getting their information? From a public tracking site like Realtytrac? I often get contacted by potential buyers who found a pre-foreclosure on a site like Realtytrac which shows a home in lis pendens or pre-foreclosure. I explain to them exactly what lis pendens or NOD means and that the home may not actually be for sale but that the owners simply defaulted on their mortgage.

Hope that answers your question.

Gina Chirico, Sales Associate
Lattimer Realty
973-715-1158 cell
973-575-6353 ext 17 office
Gina@GinaChiricoRealEstate.com
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0 votes 4 answers Share Flag
Fri Aug 6, 2010
Kate Reilly Lund answered:
Dear Poonacha:
The Foreclosure cycle is a very long and tedious process from Lis Pendins to Auction with many stages in between. It could take a year easily and that is why some short sales go on for months and months without even having responses from banks.

You need to know which stage the Foreclosure is in and if in fact the owners are in negotiations with the bank for payment plan or relinquishing the property.

People today misunderstand also that a Foreclosure is going to be "given away" at a remarkably low price. Even Sheriff Auctions bring reasonable prices on homes.

We need for the banks to slowly release the Foreclosures into the marketplace so that the Supply and Demand factor is regulated without having a glut of homes and inventory that cannot be absorbed in many communties.

The answer to your question is that Realtors have to do their homework in searching the actual situation the home is in and what path to pursue the property is the correct one. Tax information is a valuable asset to finding out the status. We should be very careful and respectful of homeowners who may be in the first process of Foreclosure and working to rectify that situation.

As a Realtor you should be aware of REO properties that are coming on the market at reduced prices and clearing out that inventory getting a good value for your Purchaser and helping to restore the stabilized prices in your own community and be less focused on chasing Foreclosures that are not ready to be sold.

I hope this is helpful to you Poonacha, I am also a Realtor in Edison and would be privileged to work together with you one day.

Kate Reilly Lund
RE/MAX
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0 votes 2 answers Share Flag
Wed Aug 4, 2010
Jeffrey Halpern answered:
Jacs,
Ever consider Morris or Union County. Lots of townhouse choices in your price range and easy NY commute with many towns on NY direct train lines. I am here ot help.
Jeffrey
0 votes 10 answers Share Flag
Fri Apr 23, 2010
Rd answered:
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Thu Dec 31, 2009
Sak answered:
Home Buyer,

Another 13% drop in edison seems unlikely. Also as mary pointed out, it will depend on your exact location. south edison might be more likely to fall than north edison for example.

also in my opinion, market movements matter very less to you because you are selling your existing house and buying new one. what i mean by that is, assuming you sell your 300000 house and buy 400000 house and market drops by 10% then your house price would have anyway dropped 30000 in your old house but now it will drop 40000. so actual additional risk for you will be only 10000.
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Fri Dec 18, 2009
John Sacktig answered:
Hi Gstapal,

Exactly as Gil explains. And we all have opinions.. See attaached links to see what is avaialble.. Very low prices! After going back a few years and seeing these in the $270's... now to see 205, 210,000. I feel that we are comig to the bottom. I am seeing a huge increase in buyers out there... I have been showing homes and condo's the past few weeks in great numbers.. with people making offers.. at Christmas time! THis usually is the down time in the market and thatbeing said.. I feel we are going to see a host of new savvy buyers ready for the new year. I believe this January will be a busy month... THe time to look at waterford is now.

Active Properties: http://msx.mlxchange.com/Pub/EmailView.asp?r=1396477416&s=MSX&t=MSX

Recent Closed: http://msx.mlxchange.com/Pub/EmailView.asp?r=1059535245&s=MSX&t=MSX

Call or email to discuss further!

John Sacktig
Broker / Manager
Orange Key Realty
Office: 732-863-6969
Cell: 723-213-1409

JSacktig@orangekeyrealty.com
... more
1 vote 3 answers Share Flag
Fri Jul 31, 2009
Wayne F. Smith answered:
Ram,

Good for you! Well, I posted in Nov. of 2008 after your decision (unkown to me) and it appears that I may have been pretty darn close in my analysis. I want to believe that this analysis is/was more than "even a blind squirrel finds a nut every now and then" or "even a broken clock is right twice a day."
I really study this industry and am glad to see that the study and thought process holds water.
... more
0 votes 25 answers Share Flag
Thu Jul 16, 2009
Cheng answered:
By the way, Edison Hollow South and Edison/Blueberry Village http://edisonandblueberryvillage.blogspot.com/ are 5 minutes walk to Edison Train Station http://edisontrainstation.blogspot.com/ ... more
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Sun May 17, 2009
Tim Honeycutt answered:
I grew up in NC and I am very proud of that fact. But when one does a comparison of living the NYC metro area really wins despite all the expenses involved in living here: Better infrastructure, better support services, and ease of commute.

In my entire home county in NC, there is only one hospital which for me was a 30 minute ambulance ride and that was after waiting 30 minutes for the ambulance in the first place. If you required the services of a University level medical center, that ambulance ride was over 90 minutes AFTER you are stabilized at the county hospital. If you needed the police, the county sheriff’s deputy could probably be at your door in 30 minutes. And while everyone complains about the commute here, I really did not find it much different in my home town. (My job was 30 minutes from my front door.)

A decent movie theater was to be had in my hometown, but if it did not have what I wanted to see, then the next one was …you guessed it, a 30 minute drive. We didn’t have any fancy restaurants in town and you guessed it, a 30 minute drive to find one. I grew up with well water that was actually brown when it was left untreated—not to mention the electrical cost of getting it out of the ground as bad as it was. Country water finally made it to my childhood home in the mid-80’s, but county sewer is still decades away. And trust me, one has not lived until one has tried to pass a perk test on what amounts to well drained swamp land.

Cable TV finally made it to my childhood residence in the 1980’s, before then, I did not even know what a PBS station was. There is no such thing as mass transit in my home town, there was an attempt at a bus service in a neighboring town, but it went bankrupt due to lack of ridership. That town also boasts of a modern airport with huge 15-30 passenger prop planes taking off 3 times a day. To reach a major airport is with what you would consider a modern jet service is a three hour drive.

Growing up, I had the choice of exactly one school so there was no question of how good the school district was. And to get to school was about an hour bus ride. My grandfather bought over an acre of land when he bought, but the state came through and took half of it for the one major highway in my part of the county. If an accident closed down that highway, there was no such thing as an ‘alternate route’ to work.

All the infrastructure you take for granted here cost money.
Tim, proudly living in Yankee land.
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1 vote 18 answers Share Flag
Thu May 14, 2009
NBW answered:
Zack-Considering what did in fact happen to WM and City National, would you like to recant your sarcastic comments?
0 votes 20 answers Share Flag
Thu May 7, 2009
Sak asked:
Does anybody have statistics on what % of home owners in new jersey have been kicked out of market due to foreclosures and how long it will take them to come back to market (i mean after…
0 votes 0 Answers Share Flag
Wed May 6, 2009
Sak answered:
look at the graphs in this article

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

the resemblance is amazing
0 votes 1 answer Share Flag
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Market Conditions in Edison Zip Codes

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