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Glen Gardner : Real Estate Advice

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  • Home Buying0
  • Home Selling2
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Activity 10
Sat Jul 23, 2016
Jaclyn Lee asked:
My boyfriend and I rented a condo that was destroyed in a fire by our neighbor. We are now living with family and debating on purchasing a home less than 150k. My boyfriend gets paid on…
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Wed Jul 2, 2014
Kenneth Verbeyst answered:
ultmately all responsabilities are yours. Your attorney did their review of contract so as to protect you as appropriate. Your agent did their job presumably by bringing you a ready willing and able buyer. Your agent is likely keeping in contact as is attorney with other side to follow up on buyer's contingencies. Inspections and municipal certificates are likly your duty but speak with both your attorney and agent, Different ones work differently. You should be asking them this question rather than here as the answers may vary. ... more
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Mon Jan 27, 2014
Elizabeth Van Blarcom answered:
Good morning,
I am a realtor in Clinton, NJ and am happy to discuss what you home could potentially bring on today's market. It's called a Comparative Market Analysis or CMA. I can provide a complimentary CMA to you. Please contact me for more information or to schedule an appointment. ... more
0 votes 7 answers Share Flag
Sat Nov 2, 2013
Annette Lawrence answered:
There are many pricing strategies used to create outcomes that benefit the seller and allow the professionals involved to apply their highest level skills.
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Do you know what strategy is in play?
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If you don't, then you need to know what fair market value is.
Fair market value is NEVER revealed on aggregate websites or taxing authority websites.
Fair maket value is NEVER revealed in a bank ordered appraisal.
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Fair market value is what a willing seller and able buyer agree upon.
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It it's 'the' house, 105% sounds great.
If it's a opportungity house, 93% is a good starting point.
If you just got out of that seminar, yoiu know you are going to offer 60% of Fair Market Value minus repair costs.
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Be aware, the price is only one important element in the offer. The structure of your offer is important.

Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
Move to the Front of the Line (http://FirstLookHomes.us)
... more
0 votes 7 answers Share Flag
Wed Jun 8, 2011
Jeanne Feenick answered:
If you want to sell on your own, you'll need to do the work on your own. A flat fee firm will get you online, you will provide the pics and text to put in their template.

Your online presentation is huge - consider working with an agent. Homes that are marketed aggressively tend to sell for more than those that aren't.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 2 answers Share Flag
Sun Jul 18, 2010
Marc Paolella answered:
$100-$200 per square foot for a nice Colonial with the usual trappings. $150 would be typical.

-Marc

Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors

Phone (direct): (973) 584-4235
Coolest map-based home search: www.marcpaolella.com
... more
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Thu Jul 16, 2009
Kenneth Szczeck answered:
The listing realtor should disclose if the sale is going to become a "short sale" situation. There are many levels and types of "defaults". In NJ the first step in a foreclosure filing is called a les pindens and it is recorded with the county clerk. The foreclosure process can take several months from the time the les pindens is filed and there are several ways to stale and/or stop the proceedings. As a buyer you should be careful when bidding on or buying a property that is distressed and you would certainly want to purchase title search & title insurance (this is required if you are going to be financing the property with a mortgage). It may be best to consult a buyers agent (realtor) to assist you with placing an offer and then using a real estate attorney to help you close the deal. Buyers agents commissions are usually paid by the sellers and real estate attorneys generally charge a flat fee for buyers. ... more
0 votes 3 answers Share Flag
Wed May 6, 2009
Barbara Fisher answered:
Kathy,

Is the house currently listed for sale?

Notices of default are public record. That is how Realty Trac and other sites get the information. Go online to your local county's web site. You can probably search from there. If your county ( or wherever your local records are kept) is not online, pay them a visit with the address, block and lot if you know it, and the owner's name. It is public information and you can do the research yourself. A notice of default is entered early in the game. The homeowners still have a lot of options available. For example, mortgage modification, forbearance etc. I'm not sure if it will get you any "bargaining power". You must also be prepared to wait 4 months and longer, if the sale becomes a short sale. By that I mean, the seller cannot satisfy the mortgage amount owed with the proceeds of the sale of the house. Banks are overwhelmed by defaults and short sales.

You will have more bargaining power with a property that has been taken back by the bank and is now an REO, or bank owned property. Banks are not in the business of home ownership, they want the money back in the bank account!

The best way to figure price is to have an experienced agent guide you in the value of the house. REO and distressed properties are valued differently because of the condition of the home and the urgency to sell.
... more
2 votes 2 answers Share Flag
Mon Jun 23, 2008
Jeffrey Vroom answered:
Hi there!
This link will help you out. www.califonborough-nj.org
If you are looking for a home check out www.jeffreyvroom.com for all the homes listed on the gsmls.
i work out of the Clinton Weichert office and will be happy to help in your search.
Just contact me at jeffreyvroom@yahoo.com
Sincerely,
Jeff
... more
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