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Home Buying in Summit : Real Estate Advice

  • All61
  • Local Info5
  • Home Buying26
  • Home Selling4
  • Market Conditions1

Activity 33
Mon Aug 17, 2015
Armin Lusinyants answered:
Hi, You may consider New Providence/ Berkeley Heights, Chatham, Madison, Livingston, Summit, Millburn. All provide an easy commute to NYC, parks, activities and GREAT schools.
Feel free to call or email me for more info and a complimentary neighborhood tour ;) !

Best Regards,
Armin Lusinyants
973-303-9779
alusinyants@gmail.com
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0 votes 1 answer Share Flag
Tue Feb 10, 2015
Michael Dolan answered:
Most banks want you to show residency. I can put you in touch with some of my lenders if you'd like. We can run your situation past them and see what they can do. I've seen some of my resources work their magic. ... more
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Sun Dec 28, 2014
USMortgageRanger answered:
Hi Chris,

You cant go by what these site post as property taxes as most time there are using estimations and old tax records. It is best to talk with a Lender get qualified first then word with a Agent to identify the property that you would be interested in, this was you would have the correct taxes and any other HOA fees in the total payment calculations.

As an FDIC bank that make loan nationwide we are here to help you make the best decision for your family based on sound responsible, knowledgeable financial guidance. I can be reach at 469-347-3572 for further no obligation consultation.
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Sun Dec 22, 2013
Harriet Lewis answered:
Demarest and Cresskill are both excellent towns, though it depends whether or not you wish to commute by bus or train, as they have bus lines only.These are townsin which I routinely work/ Tenafly would be another choice of towns nearer to the Bridge for commuting. If you prefer transportation by train there are many other towns which you can select from in Bergen County which will also meet your criteria depending on your budget.
As I am a very experienced real estate agent I am certain that I can help you in your search and to assist you with more information and in any town you might choose to explore, if you have not already found your home.

Please contact me at any time:
Harriet Lewis, Realtor (201)707-5640(Cell)-Trulia Top Recommended Agent
hrlconsult@yahoo.com
Coldwell Banker Residential Brokerage
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Wed Dec 18, 2013
Barbara Lewis answered:
0 votes 7 answers Share Flag
Thu Oct 24, 2013
Edith Miller Angelo answered:
It may be that the seller was hoping to get enough for the home so as not to HAVE to go into a short sale, and when he accepted your offer, and he divied up the expenses he didn't have enough to pay the bank in full. Sometimes a short sale is a question of as little as $10,000. Banks are slow, seem to be able to do whatever they like and if the selling agent is not working with an attorney who is familiar with the particular bank (Only four banks own the majority of the mortgages in NJ; they bought them up from smaller banks.Agents are supposed to advise you of a short sale but if it was not a short sale at the listed price the agent probably did not know they would have to go that route. If you can find out for me the bank that holds the lien and the attorney they are using you might have better luck convincing the seller to use a different attorney. It is rough. I closed one that was listed at $329,999, the bank agreed to take $268,000 in December but when the market picked up in January the bank just did a turnabout and said they would not take less that $315,00. Needless to say we were all caught by surprise and the $268,000 buyer did not not qualify for the $315,000 and I had to put it back on the market and start over. Luckily since the market HAD picked up we found another buyer quickly. You may have to switch attorneys to one that has more experience with Short Sales. A lot of people use a relative to close their sale but the relative is mainly a divorce attorney and really doesn't have real estate at the top of his game. I'll be happy to talk to you. http://www.eangelo.remax-nj.com
http://www.facebook.com/Edith.ReMax
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Thu Oct 24, 2013
Edith Miller Angelo answered:
Gated communities tend to be VERY expensive or in areas that require a 'gate'. There are lots of wonderful town home opportunities in New Jersey. (my son just moved TO Jersey City from Manhattan) If you give me a call we can talk about what towns and price ranges will work for you.
http://www.eangelo.remax-nj.com
http://www.facebook.com/Edith.ReMax
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0 votes 10 answers Share Flag
Thu Oct 24, 2013
Edith Miller Angelo answered:
Summit is not a town of 'medians'. There are homes from $250,000 up to five or more million so giving you the median price that far back is impossible unless you can give me the particulars of a home you are interested in. Our records probably don't go that far back online but I have been a realtor since 1981 and have a pretty good memory or I can go to town hall and see what I find after you get me some more information. Give me a call if you like: http://www.eangelo.remax-nj.com
http://www.facebook.com/Edith.ReMax
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Mon Oct 21, 2013
Bev & Bob Meaux answered:
That's such a relative and subjective question that only you can answer. Check out the town's site http://www.summitdowntown.org/ about what's happening and go to some of the activities. (If you google you will find many sites that promote what's happening in town.) While there stop in to some open houses to see what's being offered and talk it up with the real estate agents hosting. Have fun. ... more
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Mon Feb 11, 2013
Debra (Debbie) Rose answered:
Sarah - since you asked this back in October....and if you're still here reading this - where did you wind up?
0 votes 21 answers Share Flag
Mon Oct 22, 2012
Diane Glander answered:
Sometimes, you can pay a tuition at the public school you are interested in. Call them to find out.
0 votes 4 answers Share Flag
Tue Aug 7, 2012
Laquita Baez answered:
Its possible. I work with many foreign and out of state buyers with purchasing homes here.
Downpayment depends on the type of loan you are securing.
Consult with a mortgage lender to assist you.
I can refer Joe Dunn with Weichert Financial Services/ 908-277-1200/ jdunn@weichertfinancial.com

Laquita Baez
Licensed Realtor in NJ and GA
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0 votes 3 answers Share Flag
Sat Jun 25, 2011
Jeanne Feenick answered:
My favorite links:

NJ Monthly High School Rankings 2010: http://njmonthly.com/articles/towns_and_schools/highschoolrankings/top-high-schools-2010.html

NJ Dept of Ed Report Cards: http://education.state.nj.us/rc/

Star Ledger School Report Card: http://www.nj.com/news/index.ssf/2009/02/tough_new_state_tests_spur_hig.html

Great Schools: http://www.greatschools.org/new-jersey/

NJ School Directory: http://www.state.nj.us/education/directory/

Come on over - life is grand in NJ!

Best,
Jeanne Feenick
Unwavering Commitment to Service
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0 votes 8 answers Share Flag
Thu Jan 20, 2011
Ray And Karen Levy answered:
Hi Kungfugeisha!

In my experience with B of A they send an initial approval that must be approved at higher levels of management.

Unfortunately B of A may not even know how many investors are involved and the research is fairly time consuming.

See if you can get your case escalated.

In a couple of cases I've informed them that the buyer is getting nervous and it would be helpful if we could get some extra attention to this file before they walk.

With all that said, it is really a waiting game.


I hope I gave you a couple of things to try.

Hope your sale is closed VERY soon!


Best Regards,
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0 votes 6 answers Share Flag
Wed Oct 27, 2010
Anne Shearman answered:
Sat Jul 3, 2010
Shannon Fahey answered:
Hi Varun:

I live in Summit and am also a Realtor. If you are looking for a good buy, they do come up. I know there was an auction on a home on Morris Ave. not so long ago. There is also a stunning new construction home on Baltusrol for just under 1 million dollars. A month or 2 ago, there was another home on Summit Ave that was priced 30 - 40% less than market price and they wanted a cash offer fast...and they got one in about a week. A year ago an Inn on Springfield went for 30 - 40% lower than market and was purchase in about a week too.

There was also a home in Millburn (next to Summit) that had a home priced at 50% of market and it was listed foraround $300 if I remember.

Off the top of my head, these are the properties I remember.

If you are looking for a great deal, I'd be happy to let you know when I see one. Send your contact info to my email at fahey.shannon@yahoo.com.

Shannon Fahey
Weichert Realtors
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0 votes 4 answers Share Flag
Sat Jan 30, 2010
Weichert Realtors answered:
Jamie: With all due respect, you will get what you pay for. I can show you a number of them within a few miles of Summit. You can contact me at: "ffesta@weichert.com." Regards, ... more
0 votes 6 answers Share Flag
Wed Jan 27, 2010
Paul Vickery answered:
Prefab and modular homes are often confused, but once erected the differences tend to blend together. Prefab could be quite a few smaller components like walls and roof trusses built up in a factory then assembled on site. Modular components, which could be considered 'prefab' can be generic components, or can full custom. The biggest drawback to modular designs is restrictions on size as they must be able to travel over the highway system. A small two story home might have only four modules. Again, once assembled, and site finished, the concerns should be over.

As noted by another agent, of concern is how well the components were mated together, and what percentage of the home was constructed in a factory and how much was finished on site.

Check out an article on this subject in 'Fine Homebuilding' this month. It gives the pros and cons of modular construction. Personally, I would not be concerned as this method of construction has improved over the years and can no longer be associated with components like a 'double wide'.

Make sure your home inspector follows through on the suggestions that fellow Realtors have made.

Paul Vickery - Agent

Prudential New Jersey Properties
Summit

(908) 273 0400 X238
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