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Princeton : Real Estate Advice

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  • Home Buying43
  • Home Selling4
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Activity 183
Mon Nov 1, 2010
Ibrahim Hughes answered:
As mentioned earlier, you will not be able to get any information that isn't public without having a legal interest in the property or without having written permission from someone with a legal interest in the property (i.e. homeowner or judgment creditor). The good part is that most of the information you need to answer your question IS public if you know where to look.

I have found that in many of the situations you described the following could be occuring; 1) it is currently going through the foreclosure process which could easily take a year or more in NJ. In this case the courts could be backlogged and the property held temporarily in "limbo" (i.e. the lender in the foreclosure case hasn't yet received final judgment from the courts which would move the case to the Sheriff's jurisdiction to be sold at auction), 2) The foreclosing attorney could be backlogged which results in a stall of the foreclosure as explained in #1, 3) The property owner filed bankruptcy (bk) which will stall the foreclosure until the lender files a motion to lift or vacate the stay thus removing the bk protection the homeowner may currently have against the lender.

If it's been a year or more I'm willing to be that the property owner filed BK. A realtor who specializes in foreclosure should be able to contact both the state and the NJ district BK court to see exactly where the property is in regards to foreclosure (assuming it's still active) and whether or not the property owner filed bankruptcy (respectfully).

Contact me offline if you need me to find out for you.

Ibrahim S. Hughes
EXIT Queens Realty
Bloomfield, NJ
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Wed Oct 27, 2010
Drew Cifrodelli answered:
This question was posted about three years ago in Oct. I'm curious how and why Trulia allows this to happen. This is not the first time I've seen this situation. I hope someone at Trulia is reading this. ... more
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Sun Oct 3, 2010
Monir Mamoun answered:
I know you can deduct points on your mortgage though not necessarily all at once. Check out IRS form 530 for that. I hope you find it of benefit. If you need an agent please contact me.
0 votes 5 answers Share Flag
Fri Oct 1, 2010
Anna Shulkina answered:
I have been selling homes in Princeton Landing for over a decade, with more than 115 homes sold to date. I also currently reside in this extremely popular development. As you will see, I am not only a realtor, but a very proud owner.

There are plenty of choices, ranging from condo apartments to large single family homes, in the price range from $200K to $700K. Princeton Landing boasts with so many different models and floor plans, sometimes it is difficult for a buyer to distinguish between the differences without Professional expertise. There is so much to learn, since every model has different floor plans, square footage and price.

My years of experience as a neighborhood specialist have helped many buyers find their perfect home. Many of my clients who sell in Princeton Landing do it so they can move to a different model in Princeton Landing, and those that move away often come back.

If you have any questions, please give me a call and I would be more than happy to provide you with floor models and give you an excursion through our Princeton Landing!

The Princeton Landing community is abundant with amenities of a 5-star resort; two swimming pools, four tennis courts, a basketball court, a clubhouse and numerous walking paths. Those looking for an active lifestyle will find what they need here and those searching to escape from the hustle and bustle can enjoy the fact that the people you see by your home on a day to day basis are mostly your neighbors. And just when it seems as if you would never want to leave this enclosed haven if you lived here, you realize that it comes with a priceless perk, its proximity to Princeton.

Every parcel has a different monthly fee. Our maintenance fee covers all exteriors including: decks, roofs, walls, common areas and a huge portion of our maintenance fee goes to our Award Winning landscaping.
If it is big city experience that you seek without wanting to live in one, two of America’s greatest cities are at your service. Both New York and Philadelphia are less than an hour away by car from Princeton Landing, with the trips being as straightforward as can be. Moreover, the Princeton Junction train station, servicing local NJ Transit and Interstate Amtrak trains, is 5 minutes away. Countless professionals commute to New York from the Princeton area every day having made the decision that it simply a nicer place to live. Whether it is for work or for play, you can be in either New York or Philadelphia in less than an hour and then back in Princeton Landing with a snap of a finger, able to enjoy among the serene natural setting that this community has to offer. Further, a Princeton Landing home will bring you the ability to place your kids in the West Windsor – Plainsboro school district, one that has been recognized with numerous awards as a leading public school district in the state and the country. Including a Princeton Mailing Address.
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Mon Jul 19, 2010
Cyril Gaydos answered:
Princeton, of course, But also smaller but quaint are Cranbury and Lawrenceville. Also Edision, Metuchen, Somerville. I can assist you with finding properties in any of these communities. Also Plainsboro and Robbinsville have attempted to create 21st century versions of a community. Plainsboro's New Librtary is part of the expanded dontoen commmunity as are coffer places, outdoor restaurants etc. ... more
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Tue Jul 13, 2010
Charan Bajwa answered:
Primus,

Based on your price range, you have many options for rentals. We have a few properties that are available and there are also a few on sale that may consider renting. If you are interested, you can give us a call and we'd be happy to assist.

Normal requirements for rental are credit check, employment verification (some may consider one of the two), and 1 to 1.5 month security deposit. These may vary though, and are at the discretion of the landlord.

Regards,
Charan Bajwa
(Broker/Owner) RE/MAX ONE
“Providers Of TRUE Value Real Estate Services”
4260 US 1 North, Suite 3,
Monmouth Junction (South Brunswick Twp), NJ 08852
(Between Ridge Rd and Raymond Rd)
Off: (732) 438-0001 Fax: (732) 438-0007
www.OneRealEstateNJ.com
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Wed May 12, 2010
Eric Branton answered:
I have many properties I can show you in Plainsboro if you don't yet have an agent!!
Sincerely,
Eric Branton
WEICHERT, Realtors
609-516-9502
0 votes 3 answers Share Flag
Wed May 5, 2010
Shalu Thaman answered:
Hi Ken,

I'm all for the heads up & this is an excellent example of how agents can use platforms like Trulia; in a spirit of a Win-Win.

I am reminiscing 2005 right now when my then broker was fighting broker reciprocity as hard as they could to "keep their listings".
Those were times they also thought the internet would replace Realtors.

Awesome ! Keep it coming ! ( I am giving you a high five :) )
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Wed Mar 31, 2010
Al Akerman answered:
Christina, while the loan can be done on one name, the bank may want the spouse to sign mortgage documents even if they don't go on the loan. Their immigration status won't affect anything even if they are required to sign.

Just as an FYI, a legal alien can get a mortgage.
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0 votes 6 answers Share Flag
Sun Mar 14, 2010
Kenneth Verbeyst answered:
Lydia,
I currently live in Princeton Twp and have done extensive research while appealing my own revaluation. To answer your question, will taxes increase from last year?, that depends upon many factors besides the budget and tax base. On an individual property basis it also depends upon how the value of that particular home is perceived to have changed relative to the rest of the community. Lets say for example the home you purchase is viewed as being worth 3 or 4 times what the old assessment was, your taxes will go up since most homes were worth about twice. If you go to appraisal systems inc web site you can find the property, it's proposed new value as well as comparable sales. Reassessments must be done every so many years (about 10 as I recall) but many municipalities are slow about doing these due to the high cost involved. TYpically they are ordered to do them by county as opposed to requesting permission. Reassessments are also done on an individual basis when the owners appeal their assessment. If the value is over $1,000,000 the owner can appeal directly to the state. If less, it is usually done at the local municipal level, then county ,then state level for appeals. The process isnt too complicated though there are time frames that must be met. Also if assessments are with in 15% of market value that is deemed close enough. ( though I recently heard from an appraiser that this is the case only for individual assessments and not as a part of municipality wide revaluations such as Princeton is doing. In Princeton currently appeals will go to the reval company before proceeding to County or state.
There are many nuances with the current reval and if you are currently in process of buying well below the proposed reval numbers I suggest you try to get the seller to begin an appeal process. I have seen some values that are quite a bit off of market value. (both too high and too low) In my own case my home was assessed even higher than when I bought at the peak of the market. In another a recently sold home that was torn down to build a very expensive home was revalued even less than what they paid for it during the period when they are supposed to be using as a benchmark. (Oct 08-Sept30 09)
email or call me if you would like specific properties information.
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Tue Mar 2, 2010
Tim answered:
This thread's reference to the National Realtors Association Chief Economist made me chuckle given that anyone who assumed the opposite of what he has predicted over the past few years would come true would have made a tremendous amount of money. If he's saying prices are on the way up, buckle your seat belts because that means we're about to go into a further freefall. ... more
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Tue Feb 9, 2010
Susan McKeon Paterson answered:
Hi Neha,

I want to introduce you to another great town to live in-Cranbury, NJ. It has convenient public transportation to NYC - It's 10-15 minutes to Princeton Junction train station and there is also very good bus service from the Park and Ride on Route 130 that's located only 5 minutes from the center of town. In addition, there is excellent access to the NJ Turnpike, exit 8A.

There isn't a lot of new construction in Cranbury but there are some new-ish homes that you might consider. It depends on your price range. Also, if schools are a consideration, Cranbury has one of the best in the area.

Best regards,

Susan Paterson
Keller Williams Realty
100 Canal Pointe Blvd
Princeton, NJ 08540
susanpaterson@kw.com
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Thu Jan 14, 2010
Rosemary answered:
try, Weidel Real Estate 609-737-1522x216 Stephanie Nicolai, Corporate Relocation Counselor, inform her,
Rosemary Rutherford sent you
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Fri Jan 8, 2010
Julie Harrison answered:
Thu Dec 31, 2009
Wayne Zelenak, answered:
Indigo,
Without seeing the property, condition, and location, no one can give good advise on your question. When I prepare a market analysis for my buyers and sellers, I view the home and prepare the report based on the individual home. Some homes have more amenities than others, some are in excellent condition. All of these will reflect the offer and acceptance of the home.

If you haven't purchased yet, contact me for professionial advise. My website below has a lot of information for you to make a choice to purchase.
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Thu Dec 24, 2009
Florencevassy answered:
I live on Ridgeview Road in Princeton.

I don't consider it walking distance to Nassau Street. I am still getting accustomed to having to drive everywhere (I used to live 30 minutes walking distance to downtown)
and relying on getting plowed out after a snowstorm.
On the other hand I like the peace and quiet and lovely trees. It is a very safe and upscale neighborhood. Please email me if you have any questions. Good luck!
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Wed Sep 30, 2009
Gloria Laughton Allston answered:
Pinks,
You have already purchased the townhome which means it has all (or most) of the features that were on your wish list. My suggestion is to relax and enjoy your new home.

I don't know if you made your purchase using a real estate agent but we tend to work with Active, Under Contract, and Sold comparables in the targeted market as well as personal knowledge of the area in order to help clients develop a reasonable offer.

I hope this helps.

Gloria Laughton Allston, REALTOR, GREEN, SRES
COLDWELL BANKER RESIDENTIAL BROKERAGE (Hillsborough)
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Wed Sep 30, 2009
Gloria Laughton Allston answered:
Hi Sri,

I hope by now you have found the ideal investment property. However, if you have not then I offer the following:

You did not indicate whether you are interested in commercial or residential investment. If the interest is residential, and you are willing to travel a little north, I suggest you consider the Franklin Township area because there are several properties on the market now that you might be interested in seeing.

Gloria Laughton Allston,REALTOR, GREEN, SRES
COLDWELL BANKER RESIDENTIAL BROKERAGE (Hillsborough)
www.CentralNJHomes4U.com
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0 votes 15 answers Share Flag
Tue Sep 29, 2009
Jerel Washington answered:
Hello Pinks,

First, if you used an agent to help you buy the house you should have looked at comps BEFORE you put in your offer. Whether you did or not DON'T HAVE BUYERS REMORSE NOW!
If you bought in WWP it is one of the strongest areas in Central NJ so be happy you got in at that price for a 4 bedroom, 3.5 Bath house... GREAT DEAL!

Now...
Robert is 100% correct! a "Good Deal" means so much to so many people. Is it Price & Value or is it function for price or is it square footage and price... where does condition come in? Do you include the school system in the value, the transportation, shopping, etc... ? Too many variables so it is too subjective of a statement/question. If you are in WW-P for a 4 bedroom 3.5 Bath... I would say that is a GREAT Deal depending on condition. I just checked the MLS and didn't see the property.

send me your address and I will tell you more information - unless you are pending so your agent & appraiser should be able to verify your deal.

MyRealtor@JerelWahington.com
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