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Port Monmouth : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying2
  • Home Selling3
  • Market Conditions1

Activity 14
Mon Jan 6, 2014
Joan Congilose answered:
Hi Debbie
There haven't been any recent sales on Brainard over the past few months. Of the homes on the market there right now there is quite a broad range in prices on that street. Some are priced lower than those in move in condition and are being sold as is because they were affected by Sandy. If there is a particular home you are interested in or you need a market analysis on your home feel free to contact me.

Joan Congilose
RE/MAX Central
(732) 232-5277
... more
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Thu Oct 31, 2013
Theresa Capuano answered:
Hummm. That's a small home. I can tell you that a 1,040 home with 3 bds 1 bth on a 125x100 ft lot in Port Monmouth, NJ is currently listed at $200,000.00. Hopefully that will help.
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Sat Sep 7, 2013
Leonard Dunikoski answered:
Jim, Port Monmouth has been hurt by perceptions of what happened in much of coastal Monmouth County in Super Storm Sandy. On top of that, for years and years folks have talked about living on the "dry side" and the "wet side" of NJ Route 36. Although there's some truth to these perceptions, there also are parts of Port Monmouth that weren't affected by Sandy, and which are dry. Current prices have been depressed by some unfounded perceptions, so buyers may have a "window of opportunity" to get some good values. On the other hand, those perceptions aren't going to change over night, so don't count on rapid price appreciation.

If you're considering a condo community, The Dunes is a great place to look at. It was the first complex in this area to be built high above the flood level, and several of the units are direct water front with beautiful unobstructed views of Sandy Hook Bay and NYC in the distance.

If you do decide to look at homes or condos in the Port Monmouth, Atlantic Highlands etc. area, look for a Realtor who's a local expert and make sure he/she asks about your needs in terms of schools, transportation, etc.

Leonard “Len” Dunikoski, GRI
REALTOR® Associate
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739 (cell) (732) 530-6686 (office)
... more
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Thu Apr 12, 2012
Allisonrowe answered:
Hi Lisa -
Call Gary Thomson - Re/Max in Middletown cell 908-601-6932. He was our long time agent and aided in the short sale of my home in Port Monmouth 2yrs ago...
He has an AMAZING legal team and the local expertise needed to get the job done within an acceptable time frame....

... more
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Tue May 10, 2011
Gregorio Denny answered:
You've asked this in 3 different variations so I'm unsure what you are actually trying to accomplish. If your mortgages total 380K with a value of 420K, you can refinance to an FHA mortgage. If your BK was discharged 2 years ago you may be eligible to do so assuming you meet the other criteria. An FHA refinance can be done in 30 days or less depending on other factors. You should find a loan officer in your area and discuss all the details of your transaction with them. ... more
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Tue May 10, 2011
Gregorio Denny answered:
Tue May 10, 2011
Camille Marotta answered:
Your rate is based on your credit score. If your score is 640 and above you will not pay a higher rate. We have numerous FHA lenders (GMI is a banker) that offer credit scores as low as 580 on FHA mortgages. When the score is below the 640 there may be a slight adjustment in the rate. As for the mortgage insurance you will have to pay the mortgage insurance for 5 years. The mortgage must be a rate and term meaning that you will only be able to pay off your existing mortgage and the closing cost as the loan to value is 91.66%. A cash out would require a 85% loan to value.

For additional information please contact Camille Marotta 732-837-1102 GMI Home Loans, LLC
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Tue May 10, 2011
Camille Marotta answered:
Your credit score and your loan to value will determine if you will go conventional or FHA. Most often after a bankruptcy FHA is the chosen lender. You will not be penalized rate wise for the bankruptcy but if the credit scores are under a 640 there may be a slight add on to the rate. We need to have all of the facts to be able to give you the most accurate advise. If you would like additional information or a no obligation appointment, please feel free to contact me.

Camille Marotta
Sr. Mortgage Originator
GMI Home Loans, LLC 732-539-9300
... more
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Thu Apr 7, 2011
Daniel Benbrook answered:
Dear Hazelgray, As a resident of Port Monmouth I have tremendous pride in my community. Port Monmouth is a wonderful town with much to offer from the schools to the parks to the commuting opportunities and these are just a few to mention. I would love the opportunity to continue this conversation and answer all of your questions and meet your needs.
Daniel Benbrook
Coldwell Banker
732 865-4637
... more
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Sun Nov 28, 2010
Virginia asked:
Tue Jul 27, 2010
Susan Costa answered:
Hi Hazelgray - if you have a sales contract, be very careful - exclusive right to sell - you may have to pay 2 commissions. If it is a Buyers Agency - thisis not a contract - if you are not happy with the realtor, tell them and move on. Good luck, if I can be of assistance pleasecontact me. ... more
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Thu Oct 29, 2009
Francesca Patrizio answered:

I'm sorry it has taken this long for anyone to answer your question.

In my experience typically a "swale" runs throughout a coummunity of homes and if the township did it's job, it should not affect any individual home.

In the communities within which I serve, swales are commonplace and I must admit that the homes surrounded by such swales are not affected by water seepage into the homes provided they were structured property. Therefore, I must say, that you are justified in being concerned, but this should not dissuate you from buying the home of your dreams . . . however, it will require additional due diligence.

Should you desire to speak in depth about this matter, please feel free to contact me direct.

Love and Peace,
Francesca, ePro, SRES
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Fri Dec 12, 2008
Laura Giannotta answered:
If the property is bank owned, were all necessary documents submitted with your offer. If the home is owned by a bank located outside of the US it could take quite a while. Your agent should be checking every few days to make sure no documents have been lost and the contract and associated information is winding its way through the process. ... more
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Sun Dec 7, 2008
Scott Godzyk answered:
Simply go to the town hall and ask to see the tax card, as well you can then go to the building department and see if there are any permits on file. it could be that the assessment was done prior to the addition or it was built without a permit as stated, Here you will get the answer to put your mind at rest. good luck with working things out ... more
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