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Mountainside : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling1
  • Market Conditions0

Activity 12
Mon Jun 30, 2014
Debbie Clark, MBA answered:
I am finding there are quite a few investors entrenched in the market here, re-doing a home and then flipping it for asking or above if the house was updated correctly. I sold a house in Springfield where a small group of investors bought it, re-did it from inside out, and I negotiated the sale for my buyers in a multiple offer situation. I am finding this also big in Montclair and Maplewood.

For the investors, the key is that the numbers have to be right and the timeline for making the necessary improvements has to be tight.
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Tue Jun 24, 2014
Anna M Brocco answered:
Keep in mind that square footage costs do vary, and don't account for location and other considerations; therefore, it's really in your best interest to also review closed recently sold similar properties in the immediate area, and their final sales price... ... more
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Thu May 8, 2014
John Facchini answered:
Joan,

Mountainside has few foreclosures one way would be to watch unpaid property taxes posted in the legal section of a union county paper , if their behind on the taxes chances are their behind on the mortgage payments. But this could become a daunting task to follow. Is the reason trying to find a great price? Your best and most efficient course should be to work with an agent who would have a grasp of the goings on with in the town also knowing what hits the market such as short sales or fixer uppers . Foreclosures are usually offered at a bidding style auction sometimes prices surpass value since there are many bidders engaged. Hopefully this gives you some help.

Best Regards

John R Facchini
Full Time Realtor
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Thu Apr 24, 2014
John Facchini answered:
Mark,


Worth is really seen as value . What value do consumers see in your property.Value is the price someone is willing to pay to fill a desire or need. Best way to calculate the value of your home is either a certified appraisal or a certified market analysis . A competent agent in your area should be happy to provide a current CMA on your property. Basically what are consumers currently paying for a similar home in your area.

Hope that served some help.

Best Regards

John R Facchini
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Wed Feb 12, 2014
Weichert Realtors answered:
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Tue May 15, 2012
Rosejains answered:
FHA-insured mortgages go into foreclosure every day. Mortgages with insured loans from the Federal Housing Administration (FHA) that go into foreclosure represent unlimited opportunity for experienced and novice investors alike. You can access the complete list of FHA foreclosure homes on the HUD Home Store site. http://www.hud.gov/

Web Reference: http://fhamortgageinfo.com/
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Mon Feb 27, 2012
Weichert Realtors answered:
Mary Anne, did you ever find a Modern Townhome in Union County? Or, were you able to locate a foreclosure in Mountainside? Are you a buyer in this market? If not, would you kindly tell us why not? Thank you in advance for your reply to this inquiry. Regards, ... more
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Fri Sep 16, 2011
Mary Petti answered:
Sean,

If the house was totally rebuilt in 1980's, even if the foundation is original, the build date is 1980's not 1940's (tho many agents will put some reference about that in the listing, tho it's not necessary). The house should be priced according to what is it, where it is, how many bedrooms/baths etc,.

If you bought a resale that was built in 1940, then gutted the place and replaced electrical, plumbing, kitchens, baths, floors etc,.... when you went to sell it would you expect to get less because it's original build date was 1940???
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Sat May 14, 2011
Susan Massa Broker answered:
Marvelous Mountainside a strong community with affordable taxes. The overall design of the Community is winding tree lined street creating a lovely environment. The community is built along the ridge of the Watchung Reservation Park and one of the highest elevations from the shoreline. A view to the New york City skyline is beautiful and can be seen from a unobstructed view in the Park Area. The Elementary Schools Deerfield and Beechwood are among the best and the High School of Governor Livingston in Berkeley Heights has a wonderful reputation and high accredited. A good solid foundation here to live your life
www.welcomehomewithsusan.com www.njhomehoswcase.com more info and for school reports
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Sun Aug 15, 2010
Jeanne Feenick answered:
Gosh this post is so old, Ken has likely purchased or move on - but since it has been resurrected, I would respond that I would generally rate the location closer to the reservation better than the one close to 22. But the particular street and attributes of the property and home will make a big difference.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Tue Aug 10, 2010
Lisette Guzman answered:
I've never had an objection to the animals which mainly are some deer etc.
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Tue Mar 2, 2010
Lisette Guzman answered:
Hi

I wanted to share this with you. Mountainside was ranked # 8 best place to live in NJ and #1 in Union County.


http://njmonthly.com/articles/towns_and_schools/best-places-to-live-2010.html.

Good luck!
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