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Home Buying in Lebanon : Real Estate Advice

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  • Local Info3
  • Home Buying4
  • Home Selling1
  • Market Conditions1

Activity 7
Fri May 2, 2014
Robert Kohrs answered:
Mon Apr 7, 2014
Jessica Wormeck answered:
Hi - Only 2 condos have sold in The Heights of Lebanon in the past few years (I was one of the agents who sold one of them). To answer your question, YES, it does matter that a large portion of the units are owned by one entity (the builder) and are rented out. It does not conform to regular lending guidelines, and therefore must be purchased under a lender's portfolio product. There are other considerations you should keep in mind too.

I am happy to answer any specific questions you have about the complex, as well as share my experience my buyer's had when purchasing a unit there.

Jessica Wormeck, Weichert
RealtorJessica@gmail.com
cell: 908-938-6535
... more
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Sun Jan 26, 2014
Elizabeth Van Blarcom answered:
The state of NJ does not require an attorney, but it is STRONGLY suggested. Rates vary from attorney to attorney. I suggest asking your realtor for a recommendation.
0 votes 7 answers Share Flag
Wed Sep 4, 2013
Marsha Bowen Washington answered:
Hi Jeevan,

Depending on your commute, there are many towns located within 30 miles of NYC. It will be helpful to know your price range and your home criteria.
0 votes 3 answers Share Flag
Wed Nov 17, 2010
Eugenia (Jean) Bonilla,ABR,SRES,ASP answered:
As a Buyer you will one day be a Seller. Make it simple and request the Seller remove the tank, then you won't have this problem.
0 votes 8 answers Share Flag
Fri Jan 4, 2008
Deborah Madey answered:
II frequently keep in touch with buyers for years after their purchase. In almost every instance where the initial contract did not work out, my buyers tell me they believe it was for the better because the home they never would have gotten the home where they currently live. This has rung true whether it was due to a bid war, inspection issues, or other reasons. The same may happen for you; the home you buy may work out perfectly. Good Luck. ... more
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Mon Dec 17, 2007
Rafi Footerman answered:
Permits have been required in NJ for over 30 years. The work you described would have required permits. As there is only one legal owner of a home, the current owner is responsible for all the conditions, regardless as to whether or not they did the work. You should contact the township (for any home you purchase) and ask if any permits were taken out for the property and if any are still open (no final inspection). Additionally, a good home inspector should identify any significant items that may have required permits.

Deciding to buy a home with issues has less to do with the issues themselves and more to do with the net cost implication. Most problems can be repaired/corrected so it's just a matter of factoring those costs when negotiating the sales price. After all, all homes have problems and it's better to know what they are and fix them then not to find them. Feel free to contact me for more information.

Rafi Footerman
Mid Jersey Inspections
732-906-4100
NJ Home Inspection Lic. #076900
... more
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