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Lavallette : Real Estate Advice

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  • Local Info3
  • Home Buying5
  • Home Selling1
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Activity 17
Fri Jul 15, 2016
Jcsanti1995 asked:
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This question was asked from this property: http://www.trulia.com/foreclosure/3212665497-234-Hayes-Ct-Lavallette-NJ-08735#photo-2
0 votes 0 Answers Share Flag
Sun Mar 2, 2014
Deborah Bajada answered:
approximately 1 and half hours,,, get off exit 98 on pkwy south to 35 south
0 votes 5 answers Share Flag
Fri Jan 3, 2014
answered:
I recently did a renovation loan on Carmel Dr for a client which includes raising the house. I can tell you the insurance was very reasonable and the buyer negotiated a great price for raising the house. I would agree each home is different, and I would be hapy to share more specifc details. ... more
0 votes 4 answers Share Flag
Sun May 5, 2013
Anna M Brocco answered:
Any local agent/realty office can provide such information, consider a call; you can also locate some area agents under the find a pro tab.
0 votes 1 answer Share Flag
Sun May 5, 2013
Diane Rosetto answered:
Yes...I understand and it can be a frustrating presentation. Although its very important to educate our sellers, sometimes they have an entire different idea of where their house is valued at. It's our job to give them the honest facts as we see them. In the end, the sellers set the price. This sometimes can come into play relating to price changes should the sellers decide to try the higher numbers. ... more
0 votes 9 answers Share Flag
Sun May 5, 2013
Diane Rosetto answered:
Ask the owners if they have their flood cert first. They may have flood certification at time of purchase. If not a flood certification has to be done by surveyor . Runs $450-$550 approx.
Flood Cert is valuable to ascertain proper height for ABFE . Make sure your flood cert has raised seal on document for validation.
... more
0 votes 2 answers Share Flag
Thu Mar 21, 2013
Jay Scangarella answered:
Katherine,
This is a great time to buy in the shore area-there are many deals to be had-many homes damaged by the storm will be sold as is- for the value of the land alone. Feel free to contact me
at 908-910-0232 to explore the options available.
... more
0 votes 4 answers Share Flag
Wed Jan 30, 2013
Valentina Gabela answered:
Joe

I am not sure if you are asking this again or if this is an old post. You need to be very careful right now. Many of the houses in those areas are going to be subject to elevation which is extremely costly.

If you are looking for a house in the barrier islands get really good advice from different people such as realtors, town hall, lawyers, builders and good reference to fema etc.. Talk to your insurance company as well.

There will be really good deals coming up. People who just want out. This makes opportunity for those with the capital and the risk tolerance. There is good risk and bad risk. Just make sure you proceed with all the knowledge that you can gather.

If you are seeking help you can contact me anytime.
908 334 8252

Best regards,
Valentina Gabela
... more
0 votes 15 answers Share Flag
Sat Aug 11, 2012
Chrismofflbi answered:
Hi Joe Youre probably in your home by now but in case not, Simply put, consider how well priced the home is in the current market. Offer 100% if it is priced on the money (Not a popular answer i know) Don't always assume all homes are priced 10-20% over market. Comps will tell you home values. I recently had a buyer who lost a 1.3 home because she refused to pay full price insisting the seller was being unreasonable when the owner wouldn't counter a 90% offer. Two months later the home gretly desired home sold for asking.
Some owners need time to realize they're priced over the market, so timing becomes important too. A home just on the market is exciting and attractive to a potential buyer, but they are often overpriced at first since many agents will take any listing no matter how overpriced it is. Any agent will tell you that the best listing to take is one that has changed hands 2 or 3 times already. The market has broken in the seller by then and forces the realization of the current market value.
Chris Moffitt
Realtor Associate
Oceanside Realty
Long Beach island, NJ
908 803 2914
... more
0 votes 5 answers Share Flag
Tue Dec 14, 2010
Ron answered:
I know modular builders who will build a complete home, turn key for $ 150.00 per square foot.
Call me.
Ron Youmans 732 325 4616
0 votes 4 answers Share Flag
Thu Jul 29, 2010
David Dorfman answered:
Depends.

In addition to the notes below about quality of construction and materials used:

1. Land costs
2. If you need approvals or variances- costs can run - you then take into account attorney fees, engineer fees, architect fees and the TIME it takes in many shore towns to get permits or approvals.

A good reason why you see many rehabs with part of the house remaining - like a four foot seection of the original structure.

Refer to the cost not per sq ft - but how much for a wooden box - the cost differential for a 2,000 sq ft house vs a 2,500 sq ft house is minimal.

A good design goes a long way.

a 7,000 sq ft house may be designed poorly - look impressive on the outside - and useless on the inside vs a 3500 sq ft house.

And you'd be paying a ton in taxes on wasted space - it's the NJ way.

Look around and think about what you like and don't like, then think again.
... more
0 votes 5 answers Share Flag
Thu Jun 3, 2010
Bruce Waller answered:
hello G6r,
mortgages on homes on land leases depend on the lenght of the lease and the condition of the home, there is a few more criteria items that a lender would need, but it can be done.
Which area are you looking? I know of only a few between bayhead and south seaside park.
I specialize in properties on the barrier island, contact me direct for any other questions.
bruce 732-600-5959
... more
0 votes 2 answers Share Flag
Thu Jun 3, 2010
Gerard Dunn answered:
Don gave a great answer!

One thing to add. Normally there has to be a minimum length remaining on the land lease that exceeds the term of the loan. So - if you are looking for a 15 year mortgage - and the land lease has only 10 years remaining - you will be out of luck....


Good Luck!

Gerry Dunn

Associate Broker
Maryland, D.C. and Virginia

gerry@MyPotomac.com
... more
0 votes 2 answers Share Flag
Wed Mar 25, 2009
Eric Birchler answered:
Rhys,

first thanks for buying one of our listings.

the listings you reference are corrected stated on the web site as they have a lavallette zip. i understand this is confusing but the searching systems label the property as 08735 because that is the correct zip. Please also note the property is labeled as Municipality: TOMS RIVER TWP You need to read into the full details of the listing. i'm truly sorry for the confusion and it is not done intentionally. please understand those listing were not found under the Lavallette Search on my site. it was either the "featured homes" or "north lavallette Toms River Twp Beaches" search.

this is my entire point. the search is different than the labeling. if you are looking for property for sale in the borough of lavallette and only in lavallette; not in Toms River Twp with Lavallette Zip Code then see this search;

http://www.birchlerrealtors.idxco.com/idx/2426/results.php?s…

we try to simplify the searching for our customers and this search will only show properties that are located in the municipality: Lavallette Boro. we get this question alot which is why we spent significant resources to custom make our web site. my web design firm and i spent many man hours getting the popular sale search page to show only the properties for sale in the actual Borough or Municipality as opposed to zip searching. Link to those searches is below.

http://www.birchlerrealtors.com/mls.htm

I wish you the best in your purchase and future searching. if you have any questions please feel free to call me.

Eric Birchler
Broker/Owner
Birchler Realtors
BirchRE.com
732-793-3333
... more
0 votes 9 answers Share Flag
Wed Jul 9, 2008
Kenneth Verbeyst answered:
Mike, it has been quite a while since homes' rental prices justified their purchase prices. Most investors were counting on appreciation. Take your time as I expect rental prices to climb and purchase prices to continue to decline. Let your agent know you will only consider positive or break even cash flow properties. ... more
2 votes 5 answers Share Flag
Tue Oct 30, 2007
Stephen Chmielowiec answered:
Check with Alamo Insurance Services in Toms River. Call Neil at 732-349-5505
0 votes 3 answers Share Flag
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