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Home Selling in Trenton : Real Estate Advice

  • All97
  • Local Info20
  • Home Buying29
  • Home Selling7
  • Market Conditions7

Activity 8
Wed May 28, 2014
Lukasz Zdeb answered:
Depending how agressively the condo is listed. If you are looking for a quick sale, a great stragety is to price the condo under market value, market the property VERY WELL, and you will have a bidding war on your hands that will bring you back up to market value.

Any question feel free to reach out to me Lukasz.Zdeb@carringtonres.com
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Wed Apr 25, 2012
Irina Karan answered:
You got to talk to an attorney re. the way you are holding title to your property.
Depending on that, the attorney can advise you what can/should be done.

As realtors, we are not supposed to give legal advise. We can advise on many things that have to do with real estate and the process of buying/selling though.

If you have a combined hardship and the property is under water (I just had a similar situation - it was an ex boyfriend who was without a job), you can sell this property via a short sale.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
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Mon Aug 2, 2010
Jeanne Feenick answered:
Hi there - chiming in here post resolution just to say that your question is a good one and a great reminder to all - sellers and buyers alike to check on the credentials and experience of resources they engage - including their real estate agent.

I am always surprised when sellers walk in to an office and award their business - possibly the most important transaction of their life - to whomever happens to be sitting at the front desk. We call this "opportunity time" and we hope that during our time answering phones that someone like you will walk into our net. But as the phones have become very quiet the more experienced agents are less likely to be sitting there. Far more likely that you will find a new agent, or one with loads of time on her hands. In either case, is this really who you want to entrust the sale of your largest asset? Think about it, you don't hire the first person that walks through the door - using "a pulse" as the criteria for hire. Take the time to interview and select an agent. Once you sign the listing agent you are committed to working with that agent for the term of the listing, generally 6 months.

Safisfy yourself that the agent you are working with has the experience and skill set necessary to get the job done. Check that she is actively licenseed, ask for references AND call them.

Thank you for asking this question and prompting the discussion.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Thu Jan 28, 2010
Jack Vollenberg answered:
Location, location, location, isn't that always the case? I do see improvement in the Trenton market, but price levels are still set by bank-owned properties and the majority of the interest appears to be from investors as price levels for multifamily properties that need a rehab are just too good to pass up. My opinion is that you can definitely sell in this market but you may want a careful price analysis done to see if a sale would be at a price level that you're interested in. Feel free to contact me to set that up.

Sincerely,

Jacobus "Jack" Vollenberg
RE Appraiser - Vollenberg Appraisers
Realtor/REO Asset Manager - ERA Statewide Realty
Vollenberg@iname.com
Office (908) 968-0336
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Thu Oct 22, 2009
Dan asked:
0 votes 0 Answers Share Flag
Thu Aug 20, 2009
William Leigh Holt answered:
Dan: As you probably know, there have been a string of fires on Jersey street. I don't think that will affect the properties pricing. I really don't know anything about the situation in respect to the fires, except they have made the paper.

Here’s what I can tell you. I've sold houses in Trenton for years. Using the 08611 zip code, basically south Trenton, I find that about 230 residential properties are listed as available, with 46 selling in SIX months. That's about 30 month's inventory! Average sale price: $ 53,900, median sale price $41,000. This means a few good sales brought up the average. There are 25 pending deals. That about 16 a month, much better than 8 a month over the past 6 months. If you have several to sell and want an experienced agent in the area, we can talk.

609 278 5680

Bill Holt
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Sat Aug 8, 2009
Kenneth Szczeck answered:
Dan,
In general we are seeing some positive signs as far as markets statistics go in Mercer County. The available inventory numbers in Trenton, Hamilton, & Ewing have all come down significantly from 6 & 12 months ago, which is a good sign for stabilizing home prices.

The absorption rates vary by locations so, as one of the other posters pointed out, you location within the 08611 zip code can make a difference as to what your is occuring in your local market. The decrease in inventory and an overall increase in properties going under contract are both good signs of stability for our local market. (Absorption rate is a number measured in months that indicates how long it would take to sell all of the current inventory within the market. When you hear that we are in a "sellers market" or a "buyers market" this is tied directly to the absorption rate number).

There can be a lot of variation within a zip code though so if you are interested in a specific property than it needs to be looked at individually but if you are looking for general trends than there are some positive market indicators in Mercer county and specifically within the area that you are asking about.

If you want to look at active listings in a specific area my website has a property search tool that allows you to draw on a map and see all active listings within that designated area. If you want info on under contract or sold listings you can contact me directly and I will provide that info for you. My website is: www.hamilton-homesforsale.com

If you have questions or would like a market analysis on a specific property than feel free to contact me.

Ken Szczeck
Weichert Realtors- Hamilton
908-319-7516 cell
609-586-3700 x119 office
kszczeck@weichert.com
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Sat Sep 1, 2007
Ken Pujdak, CPA answered:
Al:

Transfer of assets is handled by the probate court. The state laws where your mom lived dictate who gets the property. If your mom passed on intestate, then the law usually gives the survivng spouse 1/2 and the other 1/2 is divided equally amoung the children. If you are the only heir then it should be easier for you to obtain 100% of mom's assets. If mom passed on testate and named you as the heir of the property, then the probate court would award you the property barring any contentions to your mother's will.

You really don't need an attorney to process a probate unless there is a contention to the will. The attorney can't change the deed, only the probate judge can.
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