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Home Buying in New Jersey : Real Estate Advice

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  • Home Buying1K
  • Home Selling174
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Activity 9,223
Yesterday at 2:25pm
Tanmitcheboo asked:
Yesterday at 12:39pm
Earlean M Stalks answered:
I have a broker who told me that I would have to sign a disclosure and give her a copy of my seed or HID settlement paper. Is this true?
0 votes 50 answers Share Flag
Mon Sep 18, 2017
Maciel2 asked:
Mon Sep 18, 2017
Digitalbeachbum answered:
After WWII homes being designed for returning troops was originally supposed to be circular and made of light weight aluminum. However, because the genius designer (Buckminster Fuller) who designed the Dymaxion house was a perfectionist he never submitted the plans to the US Government by the deadline. The contract to build the homes were instead given to a different contractor who instead built cheap, wooden, square homes.

Wooden homes are terrible and too often poorly made. They are made to satisfy the basic code requirements which are often lacking in consideration for hurricanes and tornadoes. Even with improvements in materials, circular or domed houses are much better resisting high winds.

Using poured concrete with reinforced rebar is much better with a square home or domed. The structures are more stable and resist fire and bugs. They are also more stable with their internal temperature lowering your costs on electric.
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Mon Sep 18, 2017
Dqui377708 answered:
Still looking for an answer if a mortgage lander makes less when utilizing a first time buyers smart start grant program. Or does the fact no one answered actually give me an answer?
0 votes 2 answers Share Flag
Sun Sep 17, 2017
K.sterrett answered:
My kids are buying a home FHA and found one listed for $155,000 and they offered $168,000 and still did not get the property?
WHY ???
I don't think it was meant to be because of this but they are just devastated as bid more than anyone else!
How much over asking will cash buyers offer ? We think that may be what happened and it just sucks for the person who doesn't have a fortune in their pocket!!!
It's not right at all !
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0 votes 16 answers Share Flag
Sun Sep 17, 2017
Dqui377708 asked:
Sat Sep 16, 2017
Ear3d2001 asked:
I'm a cash buyer looking to purchase a condo in Atlantic City. Because of all the recent casino closings the market here has dramatically dropped for various reasons, taxes, opportunity,…
0 votes 0 Answers Share Flag
Thu Sep 14, 2017
Alan May answered:
No... once you make the offer, and it's been accepted in writing .... they cannot change the price.
1 vote 1 answer Share Flag
Thu Sep 14, 2017
Home5268 answered:
I wanted to add some further details.

I exited the contract during the inspection period based on some issues found in inspection.

Later the seller reached out to me and explained that the original issues had been fixed and they wanted to know if I was interested in purchasing the home now. They explained that they intend to sell the home as a 'for sale by owner'.

I am not sure what was signed on their side with the seller's realtor but on my side the only thing signed was a transaction broker agreement. I don't believe there was any exclusivity clause included. The seller noted that they did not want to use a realtor at all. Would I potentially be liable for any commissions based on "Procuring cause" or any other clause? If anything my thought is that the realtors would have a case with the seller and not myself?

Thanks for any help!
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0 votes 1 answer Share Flag
Mon Sep 11, 2017
JG asked:
I'm looking to get a 5% down conventional mortgage on the basis of upcoming employment starting in the end of October. My first paycheck will not come in until the end of November.…
0 votes 0 Answers Share Flag
Sun Sep 10, 2017
Kathy Burgreen answered:
Real estate agents in NJ don't work with Rent To Own because they only get paid when a home sells. Also most homeowners are not interested in becoming landlords - they need to sell their home to buy another one. You need to continue renting until you qualify to buy. ... more
0 votes 1 answer Share Flag
Sat Sep 9, 2017
Kathy Burgreen answered:
You can buy a home for yourself / your family that you will live in and you can sell your own home by yourself. You do NOT need a realtor's license to do either one. Having a realtor's license is for representing somebody else (not yourself) in a real estate transaction. The reason for the license is because you are taking on a fiduciary and ethical responsibility for somebody else which also carries legal responsibilities and consequences.

When representing yourself to buy your own home to live in - if you screw up or make a mistake - you're not going to sue yourself - are you? The only advantage of having a license to buy your own home is access to the MLS system and if you were an active realtor, you would have access to listings before the public does.
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0 votes 2 answers Share Flag
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