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Princeton Junction : Real Estate Advice

  • All37
  • Local Info1
  • Home Buying17
  • Home Selling3
  • Market Conditions3

Activity 26
Tue Dec 30, 2014
Patricia Flotteron answered:
My realtor brought a client in when the contract was active and now after the contract expired the client has given me an offer through the realtor ..the realtor is asking for 4% because she said she is representing the buyer and me . based on the very low offered price I can only afford to give her 2% - do I have to pay her 4%? ... more
0 votes 9 answers Share Flag
Wed Dec 3, 2014
Shalu Thaman answered:
Hi Jitendra,
Feel free to contact directly
As a first time , out-of-area home buyer, a first hand conversation about the area & your lifestyle needs , price range comes ahead of the home search , as ours is a very competitive area.
ShaluThaman@gmail.com
... more
0 votes 1 answer Share Flag
Tue Apr 2, 2013
Shalu Thaman answered:
Windsor Ponds is a townhome community & Le Parc is an upscale detached/ single family home community. There are condos available for purchase in West WIndsor but these would be in Canal Pointe mostly. 2 Bedroom townhomes are available in other communities as well but these are mostly over 10 years old.
The communities above are in West Windsor township.

Condos in Princeton range from brand new construction to older , sometimes renovated properties , with or without garages.

If you have specific requirements & a defined price range that would easily help narrow down the options.

For more, please contact directly.

Shalu Thaman - Realtor,ePRO
Keller Williams Princeton Real Estate
Cell # 609.577.5861
Fax # 609.613.5907
http://PrincetonHomeNj.com
http://www.linkedin.com/in/shaluthaman
... more
0 votes 6 answers Share Flag
Tue Apr 2, 2013
Shalu Thaman answered:
Dear Lookingforhouse ,

Please review the agents experience, past reviews & posts on this board for style/work ethic & obtain references from their past clients in areas that you may want to buy.

The value of an agent representing a buyer in these times, comes from their knowledge of financing,potential pitfalls in a transaction, market & price trends, communities & value in terms of future resale.

Hope this helps.


Shalu Thaman - Realtor,ePRO
Keller Williams Princeton Real Estate
Cell # 609.577.5861
Fax # 609.613.5907
http://PrincetonHomeNj.com
http://www.linkedin.com/in/shaluthaman
... more
0 votes 6 answers Share Flag
Sat Jul 7, 2012
Kenneth Verbeyst answered:
Bwillstead,
you may want to confirm that if it is just Plainsboro that will work for you. In addition west windsor/Plainsboro is covered by 2 high schools so if that is a concern make that known. Be aware also that the maximum you can have held for security deposit is 1.5 x the monthly rent. (pet deposits are illegal if they cause deposit to exceed that ) ... more
0 votes 3 answers Share Flag
Mon Jun 4, 2012
princetonhome asked:
Tue Oct 25, 2011
Kenneth Verbeyst answered:
private I know of a few opportunities in the Princeton area and immediate surrounding. (some I have honor of listing other merely knowledge of) I suggest you interview agents and meet with them to see first hand how they can advise/assist you. I also own 4 properties, some are better than others. Your investing potential may be limited by your assets and your abilities. Feel free to email me with questions. (I wont push what I believe to be excellent investments on this forum as I have no reason to spot light such opportunities. ) ... more
1 vote 2 answers Share Flag
Tue Oct 18, 2011
Trupti Gandhi answered:
Good move Joe!

Agents and Commissions are all very comparable... What you really need to do is see who YOU would like to deal with.

Selling a house is not overwhelming if you find an agent who you could relate to and would like to work with!

All the best interviewing all who answer your q here!
... more
0 votes 13 answers Share Flag
Thu Oct 28, 2010
Jeanne Feenick answered:
Hi AG, sounds to me as though you have come to your own conclusion wiht the help of the responses. I would just add that while being on a busy road negatively affects value and time to sell, two houses in from the road wouldn't necessarily be discounted. Best to approach any home purchase with a sound pricing analysis for the particular property under consideration - and use comps as closely aligned to that property as you can. Certain locations can create discounts to others - on a busy road, proximity to power line - or premiums - nestled at end of quiet cul de sac.

I just spent some time in the Plainsboro, West Windsor, Princeton Junction area previewing homes for a client of mine and over half of the homes had one "consideraton" or another - power lines, backing to school grounds, close to busy road. In densely populated areas, these considerations are not uncommon - we've got more and more people, and less and less land to develop.

Keep looking, and I suggest work with an agent that you trust to guide/assist you with the pricing evaluation.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 10 answers Share Flag
Wed Jun 23, 2010
Joyce Begg answered:
Tue Jun 1, 2010
Jerry Barker answered:
I think Jeanne said it best, planes, trains, and automobiles are great, but they don't mix well with real estate.
0 votes 7 answers Share Flag
Thu Mar 25, 2010
Sondi answered:
I think the 2-BR houses in Jefferson's link are from a 55+ community, not homes that are available to just anybody regardless of age.

Taxes are high in PJ. You're mostly paying for the right to live in a highly ranked school district. Mine are $7442 and that's for a starter-home type property. ... more
0 votes 6 answers Share Flag
Wed Jan 6, 2010
Sat Vasan answered:
Are you still looking for a home of this description?
I have a home exactly fitting this requirement that I'm seeking to sell.
Please email me at satishsri@hotmail.com.
0 votes 5 answers Share Flag
Mon Nov 16, 2009
Debra (Debbie) Rose answered:
Well Dunes, may I say on behalf of all of my fellow NJ agents below........thank you for your kind words!

(by the way -the check is in the mail, and it's signed by all of us!)
0 votes 7 answers Share Flag
Fri Jul 31, 2009
Kenneth Szczeck answered:
Dewayne,
the next stop after Princeton Junction on the train line is the Hamilton Train Station. An express train from Hamilton will get you to NY Penn St. in about 60 minutes.

Your 300,000 will go much farther in Hamilton area You would be looking at 3-4 BR, 2+ bath, single family homes at that price point in Hamilton.

If you are interested in searching properties or getting local info about either Princeton Junction or Hamilton my website has good local info & property search tools: www.hamilton-homesforsale.com

If you see anything that you are interested in or have any general real estate questions feel free to either e-mail or call me directly. I service all of Mercer County & Middlesex County.

Ken Szczeck
Weichert Realtors- Hamilton
www.hamilton-homesforsale.com
kszczeck@weichert.com
609-586-3700 x119 (office)
908-319-7516 (cell)
... more
1 vote 2 answers Share Flag
Wed Jul 22, 2009
Sol Skolnick answered:
The FHA (Federal Housing Administration) in the Department of Housing and Urban Development (HUD) has a special mortgage program for the purchase of “fixer-uppers” known as the Single - Family Rehabilitation Loan program (203k). There is also a program 203b, known as The Energy Efficient Mortgages Program (EEM).
The increasing of the FHA loan limit to $729,750 for 2009 makes these programs potentially more useful, than in the past, in our area. HUD does not lend the money to you directly but insures the loan that you receive through an approved broker or from a lender.
The HUD 203(k) program allows qualified buyers to purchase the property with protection should the repair and renovation process cost more than expected. The borrower can put down as little as 3.5% of the loan amount. The down payment can be a gift (not a loan) from a family member, employer or charitable organization.
The proceeds of the loan may include the projected value of the property when the rehabilitation is complete, remodeling costs and certain closing costs. The loan can also include a contingency reserve of up to 20% of the total remodeling costs to cover appropriate unanticipated work and/or change orders. This loan has a feature that allows you to include up to six mortgage payments added to the cost of the rehabilitation work. The amount of mortgage payments built into the loan may not exceed the number of months estimated to get the work completed. Unlike loans that require problems to be cured before funding the purchase the 203k allows you close on the home and complete the improvements later.
The money isn’t paid out all at once. The costs of the purchase are covered, but the remaining funds are deposited into an escrow account. Escrowed funds are released to the contractor during construction through a series of draw requests for completed work. To ensure completion of the job, 10% of each draw is held back; this money is paid after the lender determines their will be no liens on the property.
The Energy Efficient Mortgages Program (EEM) can be used either for the purchase or refinance of your home. The program is designed to finance the cost of adding energy-efficiency features to new or existing housing. Savings is measured by sing the home energy rating system (HERS) or an energy consultant. Up to $200 of the cost of an energy inspection report may be financed through the new mortgage. The improvements can be included in the mortgage if their total cost is less than the total dollar value of the energy that will be saved during their useful life. The cost of the improvements that may be eligible for financing as part of the HUD mortgage is either 5 percent of the property's value, not to exceed $8,000, or $4,000, whichever is greater. An EEM can also be used in conjunction with the FHA Section 203(k) rehabilitation program.
In order to qualify for FHA either of the insured loans described above the borrower must provide full documentation to prove income as a wage earner or a business owner. There is no provision for stating or approximating income. The lender will also require proof of assets in instruments such as checking and savings accounts, stocks, bonds, mutual funds, certain life insurance policies, other investments and qualified retirement plans. A credit report will also be examined to determine how you have managed debt.
The front-end ratio, comprised of the total payment of Principle, Interest, Taxes and (homeowners or hazard) Insurance (Homeowners Association dues when applicable for a condo) is referred to by the acronym PITI. Your PITI may not exceed 29% of the gross income of all borrowers. The back-end ration is comprised of PITI and all recurring monthly debt such as auto, personal, student loans and repayment of credit card and other revolving debt. This may not exceed 41% of the gross income of all borrowers.
... more
0 votes 3 answers Share Flag
Sat Jul 4, 2009
William Leigh Holt answered:
Sondi

Bravo! The floors may look so nice you won't want to sell.

I'll look up Mrsandless for a referance out, since you were so pleased.

Bill Holt
0 votes 6 answers Share Flag
Sun May 31, 2009
Jerel Washington answered:
Do you mean The Estates at Princeton Junction (Toll Brothers) or a different Neighborhood?

As of today 5/31/2009 Here are the numbers...
12 Active
Price: 569k - 1.195M
Avg Days on Market 71
Listed in last 30 Days 4
3 pending sale
2 temporarily off the market

10 Sold / Settled in last 6 months
Average Settled Price to Original Price Ratio: 91.97%
Average Settled Price to Last List Price Ratio: 96.29%

Median Settled Price to Original Price Ratio: 92.62%
Median Settled Price to Last List Price Ratio: 96.48%

Hope this helps:

Jerel Washington
Keller Williams Realty - Princeton
609-933-9044 C:
609-987-8889 x234 O:
... more
0 votes 1 answer Share Flag
Mon May 25, 2009
Kenneth Verbeyst answered:
Check lot size as new state regs I believe require 2 acre min lot size. most older systems were put in under less strict standards. If you need to remove system and replace where current is, the removed material is treated as hazardous waste which is expensive to deal with. TYpical life for these systems are about 30 years but depend upon how used and maintaned. If city sewer is available for similar price home with other equal features I would opt for sewer. Usually though septic served lots are larger (that is the trade off) new systems could run under 20K for conventional system (for 4 bed home) to twice that depending (raised bed for example). If it has a well that is another story. ... more
1 vote 1 answer Share Flag
Tue May 27, 2008
Shalu Thaman answered:
I'm guessing you are buying directly with the builder...........and they already saved by not paying a realtor who would heve represented you.
But then , if you had signed the registration form in the first place( having gone to the sales office without an agent) the builder would not have 'allowed' a Buyer's agent to represent you in the first place. ... more
0 votes 2 answers Share Flag
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