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Home Buying in Morristown : Real Estate Advice

  • All85
  • Local Info4
  • Home Buying27
  • Home Selling4
  • Market Conditions2

Activity 39
Amy Lee Hoff…, Real Estate Pro in Castle Pines, CO
Sun Oct 30, 2016
Amy Lee Hoffmann answered:
In Colorado, you can always put in a back up offer but the market has been so hot that the original (first) offer usually closes. But of course there is always that slim chance the first deal falls apart and you can get the home of your dreams. www.coloradohousesales.com ... more
0 votes 14 answers Share Flag
Lennyandjenn…, Home Owner in Morristown, NJ
Sat Apr 9, 2016
Lennyandjennifer asked:
drmarcello134, Home Owner in Morristown, NJ
Mon Jan 5, 2015
drmarcello134 answered:
0 votes 18 answers Share Flag
Chad Roberts, Real Estate Pro in Henderson, NV
Tue Dec 16, 2014
Chad Roberts answered:
Know your budget. When looking at homes for serious contention prior to purchase, you could have a contractor come with you to price out what the home could cost per repairs. Keep in mind that estimated price may likely increase. Be sure to have a home inspection. Let some the repairs fall on the buyer's behalf. Take on the project you can take part in as well.

Regards,
Chad Roberts
Broker/Salesperson
Realty One Group
... more
0 votes 6 answers Share Flag
Irene P. Heu…, Real Estate Pro in Morristown, NJ
Tue Dec 16, 2014
Irene P. Heuneman, CRS, GRI answered:
Morristown has a lot to offer to a variety of buyers. Morristown offers single-family homes, condos, townhouses and multi-family homes as well. The advantage to Morristown is that the whole town is easily accessible to restaurants, houses of worship, shopping, specialty stores, You can live in the center of Morristown, or on the outskirts of the town, and still be in close proximity to the train to New York as well as major highways. I have worked in Residential Real Estate for 30 years and I would be happy to help you look for a property. My cell is 1-973-476-8761 and I am with Weichert Realtors in Morristown, N.J. Thank You -- Irene P. Heuneman,CRS,GRI,BPOR ... more
0 votes 3 answers Share Flag
fosterkicks99, Other/Just Looking in 78052
Tue Sep 2, 2014
fosterkicks99 answered:
There are rules and regulation about what a seller has to disclose and to whom. Unfortunately some people take advantage of that. They leave out details like that because they technique don't have to inform you. That's why the house inspection up front is the best way to go. If you don't entirely trust the pest people they got, see about getting someone you do trust.

Michael Foster http://www.pestendinc.com
... more
0 votes 9 answers Share Flag
Rahul & Smit…, Real Estate Pro in Morristown, NJ
Thu Feb 6, 2014
Rahul & Smitha Ramchandani answered:
0 votes 8 answers Share Flag
Jeanne Feeni…, Real Estate Pro in Basking Ridge, NJ
Wed Dec 11, 2013
Jeanne Feenick answered:
Scott Godzyk, Real Estate Pro in Manchester, NH
Wed Nov 20, 2013
Scott Godzyk answered:
You should speak with a lawyer who can first advise you about the contract and if you can get out of it legally. Then they can give you advice about leaving and or divorce. Good luck working things out ... more
0 votes 6 answers Share Flag
Albert Baron…, Real Estate Pro in Morristown, NJ
Thu Aug 29, 2013
Albert Baron III answered:
Financials should be first. What would your Cap Rate be based on financing ?
0 votes 18 answers Share Flag
Elisa Stelwa…, Real Estate Pro in Morristown, NJ
Tue Aug 20, 2013
Elisa Stelwagon Buckley answered:
As Katrina mentioned, it's hard to understand the question so apologies if I misunderstand... but sounds like you're saying the sellers want to sell it directly without using NJ standard real estate contract and maybe in an attempt to avoid brokers fees. In NJ, it's legal for owners to sell their own houses, but all sales are subject to federal, state and local laws and regulations. If you purchase without a contract to protect YOUR interests (versus the seller's), you're doing so at very high risk. For example, you can add to a contract that you retain right to home inspection and if defects are found that seller will not repair, you have right to back out of contract, etc. If you're getting a mortgage, you'll need a clear title to the property... etc. You should use a buyer's agent or in the very least, use a real estate attorney to represent YOU in any real estate purchase. ... more
0 votes 2 answers Share Flag
Elisa Stelwa…, Real Estate Pro in Morristown, NJ
Thu Jul 25, 2013
Elisa Stelwagon Buckley answered:
Denville has a downtown area with shops and restaurants and more likely to find something at $250K. You might even run into Kevin and Danielle Jonas. :)
0 votes 10 answers Share Flag
Ann Ryan, Real Estate Pro in Doral, FL
Mon Feb 18, 2013
Ann Ryan answered:
You might want to check out New Home Source, they're creating database to make such searches easier. However, at least in Florida, most of the time the builders are reaching out to agents BEFORE the real marketing even starts on the development. They're missing at least half the new construction. ... more
0 votes 1 answer Share Flag
Sonia, Renter in Scottsdale, AZ
Tue Jan 29, 2013
Sonia answered:
Hi Ralph, when purchasing a Home, it's always wise to know when the House was built, or renovated with what upgrades. Neighborhoods in Morristown are always growing and improving. If you took the time to have a home inspection and found problems or issues that your budget can't meet, then it's time to re-think your initial purchase price.

I hope this advice helps with your purchasing concerns. Regards,

C. Sonia Billeci
Platinum Realty Services
Randolph, Morris County, NJ
973-895-3700
973-903-8061 - Cell/Text
... more
0 votes 6 answers Share Flag
Joanne Berna…, Real Estate Pro in Northfield, NJ
Tue Dec 11, 2012
Joanne Bernardini answered:
Have you considered attending some of the school events (sports games, plays etc.) and striking up a conversation with other parents who have kids in the schools your are considering? You'll get Info straight from the mouths of those with first hand knowledge! You can also make an appointment with the school counselors too! ... more
0 votes 7 answers Share Flag
Joanne Berna…, Real Estate Pro in Northfield, NJ
Tue Dec 11, 2012
Joanne Bernardini answered:
The mortgage market is at historic lows! So is the interest rate you are earning on your savings! I think your best bet is to speak with your financial advisor and have them show you how much money you can save over the next 30 yrs. by buying a home at todays low interest rates. The numbers are staggering! ... more
0 votes 7 answers Share Flag
Catherine Mo…, Real Estate Pro in Morristown, NJ
Sat Jul 21, 2012
Catherine Montgomery answered:
Typically, it's best to determine if the "things" in question are cosmetic or will they affect the structural integrity of the home. If it's cosmetic in nature then you may not have a lot of latitude to negotiate on those points. If it does affect the structural integrity of the home then you have several options. However, if you feel that the agent, acting in a dual agent capacity, is not representing you to your satisfaction on these issues then you can request that his/her Manager work with you as your representation to resolve these concerns. ... more
0 votes 14 answers Share Flag
Margret Brady, Home Owner in Morristown, NJ
Mon Jul 2, 2012
Margret Brady answered:
Morristown is the county seat.

Local residents of the Town and the Township share the cost of the schools, which for Morristown residents is more than half their tax bill.

The county taxes are seperate for each town in the county based on their assessed valuations.

The local portion covers all other services such as police ,fire etc.

Town services also include servicing the non-tax paying facilities in Town such as the hospital, the county court facilities not covered by the sheriffs office, the churches and all those non-profit groups headquartered in Morristown such as Family Service, Visiting Nurse and Private Schools and social clubs. Everytime they expand, they take another tax paying property off the tax rolls and the remaining property owners make up the difference. As the county grew, the groups serving county residents expanded also but since they are located in Morristown, it is the local community that provides their services at the local taxpayers expense.

Another problem in an economic downturn, is that commercial properties are taxed according to the their income. When their income goes down they can get their taxes reduced. Homeowners are taxed according to the value of the land and buildings. In a small town, land is scarce and therefore more valuable.

The taxes for the school portion of the tax is not based on the number of students but the value of the tax base. As office buildings in the Township were vacated, their values went down. Morristown's values have gone up with the addition of more new construction downtown, therefore even they they have fewer children in the system, their share of the school tax has gone up.

So Morristown taxpayers are forced to pay a premium to live there. It may not be fair but I still would not want to live anyplace else. Morristown seems to attrack the best people, its population is more diverse, caring, creative and friendlier than anyplace else in the area. Its truly a special place.
... more
0 votes 3 answers Share Flag
Albert Baron…, Real Estate Pro in Morristown, NJ
Mon Apr 30, 2012
Albert Baron III answered:
I have lived and worked in the Morristown area for over 30 years. And I have lived in Morristown itself for abourt 22 years. There is a wide variety of homes in that range and in Roxbury. Just give me a call and I would be glad to get you preapproved so we can schedule a buyer consultation and then we can begin our search ! ... more
0 votes 30 answers Share Flag
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