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Property Q&A in Neptune : Real Estate Advice

  • All33
  • Local Info3
  • Home Buying15
  • Home Selling3
  • Market Conditions2

Activity 9
Tue Apr 29, 2014
n.crowder1 asked:
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This question was asked from this property: http://www.trulia.com/rental/3152040645-1126-State-Route-33-6-Neptune-NJ-07753
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Sun Sep 1, 2013
Deborah Madey answered:
If you ask the property owner, you will get one answer. If you ask several buyers, you will likely get several other answers, most of which will be lower.

An appraiser will provide an appraised value based upon PAST and recent sales, but in a market like this, a buyer's offer may exceed appraised value. If so, the market value that the buyer is willing to pay is the true value, not the appraised value. A lender may only be willing to lend on the appraised value, but that does not validate market value.

In the end, the amount that the buyer is willing to pay in an open market when the buyer is an arm's length distance from the seller is the true value of a home.

REALTORS often advise a range based upon other sales, but none of us know what the final sale price will be until there is a sale. When comps support a higher price, a seller might be willing to sell below that price if/when other terms carry significant relevance. i.e accept as is with no repair request, assume c/o responsibility, closing at seller's preference - be that a short or long time frame, etc.
... more
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Thu Apr 25, 2013
njwom answered:
I saw a sign for sale by owner and was just wondering about it
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Tue Jan 8, 2013
Andrew Tisellano answered:
Not sure why you have this question 3 times? Can you be more specific when you say Demo.
0 votes 1 answer Share Flag
Thu Sep 15, 2011
Dennis Knight answered:
To acually answer a question. The property was last bought in July 2007. At that time it was advertised as being well maintained and having a new driveway with granite block curbing. Photos would seem to indicate the roof may have been at least 5 years then. That would place it at the 10 year or so area now. The HVAC is central air with forced hot air. Since the house is 1959, there could be iron pipes but more likely copper plumbing with lead solder. That would lend itself to some lead contaminant over night in the water standing in the pipes, but is a small amount that flushes with running the tap in the morning before drinking. Also, because of the year built, it should be expected to have lead-based paints and finishes. Not necessarily unfixable, but, would require a lead inspection for a determination. ... more
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Sat Nov 28, 2009
Patricia Lipert answered:
Dear Heather,

This home does not appear to be on the market yet. Feel free to contact me so that I can arrange to notify you when it becomes available.

Patty Lipert
Heritage House Sotheby's International Realty
Patricia.Lipert@SothebysRealty.com
732-216-6917
... more
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Sat Oct 24, 2009
Toni Pecoraro answered:
Hi:

Are you looking to list this property or are you looking to put a offer in on this property.. Also are you currently working with an agent??

Thanks

Toni
0 votes 3 answers Share Flag
Mon Jan 19, 2009
Diane Glander answered:
There are no interior pictures on the MLS. If you are relocating to the area and are not working with another Realtor, I would be happy to get them for you. Please reach out to me via Trulia or my website. ... more
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Fri Dec 19, 2008
John Sacktig answered:
If there is an oil tank, the bank as the new owner of the property may be responsible to remove and or test it to make sure there are no environmental issues that you would have to deal with. Otherwise they could have this property on their hands for a time to come and have to remediate.

I had recently sold a bank owned property that was found out to have a small level of Radon gas there was a water issue in the basement. We had estimates prepared and the bank creditied us the amount for the repairs. They would have had to disclose and remediate these issues for the next buyer.

Have a good agent in your corner that has experience in these matters.

Good Luck

John Sacktig
Broker / Manager
Orange Key Realty
Office: 732-863-6969
Direct: 732-213-1409
... more
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