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Waldwick : Real Estate Advice

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  • Local Info3
  • Home Buying4
  • Home Selling3
  • Market Conditions0

Activity 25
Tue Nov 1, 2016
Maricris A answered:

The photos have been removed from our display as you requested.


Consumer Care Advocate
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0 votes 1 answer Share Flag
Sun Mar 20, 2016
1161par asked:
Tue Sep 1, 2015
Douglas Kirchner answered:
Hi - what are you are looking for in regards to Lindbergh? 28 is available are you sure you have the right address?

Here is my info please call me to discuss:

Douglas Kirchner

Best damn Realtor
C: 201-214-5949
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0 votes 1 answer Share Flag
Fri Jun 12, 2015
Christopher Pagli answered:
You'll have to speak to your bank to get the most accurate info as some banks do things differently.

0 votes 1 answer Share Flag
Mon Sep 15, 2014
Christopher "John" Kruk answered:
A "friend" is a tough one. I sell homes in an area where just about everyone knows eachother, so we would rarely see a true "arms length transaction". If you and your "friend" have no financial ties to one another, you might be able to make it work. Consult with a real estate attorney for legal advise before you start down this path. ... more
0 votes 10 answers Share Flag
Fri Sep 12, 2014
Scott Godzyk answered:
The only restriction may be if you were on the mortgage. Read the short sale paperwork for restrictions. If you wee not on the mortgage, you should have no liability to the amount shorted and there for no problems buying, if you were on the mortgage, then have a lawyer read everything to make sure. ... more
0 votes 7 answers Share Flag
Fri Sep 12, 2014
Steve Quintana answered:
Your LLC membership agreement may address insolvency or financial distress. If so, your situation would have to be analyzed under the terms of the membership agreement.
0 votes 7 answers Share Flag
Fri Sep 12, 2014
Steve Quintana answered:
The general answer is yes, your neighbor or friend can purchase your home in a short sale. Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario will be compared to the affidavit. ... more
0 votes 18 answers Share Flag
Fri Sep 12, 2014
Steve Quintana answered:
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes 18 answers Share Flag
Fri Sep 12, 2014
Steve Quintana answered:
Most short sale documentation has an arms-length transaction affidavit. Your proposed scenario would have to be compared with the affidavit.
0 votes 5 answers Share Flag
Fri Jun 13, 2014
Jeanne Feenick answered:
Keep doing what you are doing -it does vary by lender. Press your LO for a timeline - he/she certainly will be in the position to answer your question better than any of here. He/she should know average timeline for his shop.

Good luck - you are very close, congrats!
Jeanne Feenick
Unwavering Commitment to Service, Unsurpassed Results
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0 votes 2 answers Share Flag
Thu Jul 11, 2013
Fsbo answered:
Compare the home to other listings in the neigbourhood. Go see houses in the price range + $100,000. Consider the condition of your choice vs. the other homes. Alot of homes in the area have been upgraded. Are the upgrades worth the difference in cost to you? Also a lot of the houses in the area are slightly listed overpriced. I think the sellers are just trying to re-coup their investments from over-paying during the boom and renovation costs.
On the other hand if the homes are comparable but this one is priced $100,000 less, is it discounted because no one would pay full price to live on Rt 17?
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0 votes 8 answers Share Flag
Mon Nov 26, 2012
John Sacktig answered:
Fungi - I am assuming you mean December 3rd.

6 month rentals, 6 month furnished rentals are pretty hard to come by... especially looking to rent starting Feruary 1. and for a 6 month rental, you would have to pay the agent commission on top of it. You may be best served by looking into apartment complexes in the area that you want to rent. Realtors are not going to have anything for you for 6 months, 90 days from now.

The best taht will happen is that you will be sent listings.. 1 year lease listings.

Continue your due diligence, learn about apartment complexes that rent directly to you, that may be you best bet.!

Good Luck!
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1 vote 3 answers Share Flag
Sat Apr 28, 2012
Jay Shapiro answered:
The answer to your question depends greatly on how much you value the house. If you're a seller, don't be surprised if offers come in 20% below the asking price in hopes that the buyer will get a 10% discount.

With that being said, however, there are some homes that are priced just below market value as a way of driving the price up with competing bids. If you're working with an agent you trust, you can ask him or her for guidance. If the agent is a disclosed dual agent -- representing both the buyer and the seller -- he/she is limited to the advice that he/she can give since he/she is not supposed to put one party at an advantage over the other.

In the event you're a buyer who is working with a buyer's broker/agent whose loyalty is solely to you, then use his/her expertise to help you value the house under consideration to formulate your offer.

Try to remember: sellers are people, too, and the home that they are selling can be chocked full of memories. Even if you low-ball there is a way not to insult the seller and still get to "yes."

If there's any further way I can be of help, please call or email me.

Best wishes,

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0 votes 11 answers Share Flag
Sun Apr 22, 2012
Maria FORSBERG-VILLON answered:
If the barrier is not yet there it may have small chances to get funding and sounds to me like a large expense and as previously mentioned by the other responses you need to get permission from the town Zoning/building department. I would also recommend you use a company that is familiar in building these types of structures. ... more
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Wed Apr 11, 2012
Gina Chirico answered:

I'm not sure of the exact answer but if you were the homeowner last year that sold it in a short sale and now you want to buy it back, your biggest problem may be getting financing. A short sale impacts your credit score and your ability to borrow money to buy a home for a few years. I recommend speaking with a loan officer to see if you qualify for a mortgage at this time. ... more
0 votes 2 answers Share Flag
Wed May 25, 2011
Tom answered:
The Water Treatment plant services Waldwick and the surrounding towns. Waldwick and HoHoKus neighborhoods surround the treatment which is tucked away in a countrified setting off Wyckoff Ave. It uses a state-of-the-art filtration system and is as neighborhood friendly as possible. During the Fall, the town composts leaves in the area. When they turn over the leaves, sometimes there is a mulch-odor. The treatment plant often gets the blame. Since Waldwick is surrounded by HoHokus, Ridgewood, Saddle River, Allendale and Wyckoff. Waldwick continues to be the one the most sought-after communities in Northwest Bergen County. The Traphagen Elementary School was the only Bergen County elementary to receive the National Blue Ribbon Award in 2009. The town has its own train station, easy access to Route 17, its own High School and very active Sports programs, Civic Organizations and Religious organizations. Waldwick is known for its wonderful fields, top-notch track-n-field and its own "stocked" lake called Whites Pond. To clear your mind about the Water Treatment plant, they can be reached at (201) 447-2660. Ask for a tour of facility. ... more
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Sun Apr 17, 2011
Dan Tabit answered:
You would also pay a higher rate for the mortgage and be required to make a larger down payment. I don't know the accounting rules, but your accountant would. Before you buy some of their time, reconsider based on the higher mortgage costs. ... more
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Fri Apr 15, 2011
Terri Vellios answered:
No matter how off the offer is I encourage my sellers to respond. They don't always want to respond, but I'd rather leave it to the other side to drop out then on our side.

The only time I don't encourage the seller to respond is when there are so many other items in the offer that our counter would be basically a new offer. So I discuss it those points with the seller. I'll draft an email to the Buyer's agent pointing out, in addition to the price, these items would need to be "cleaned up."

I don't take anything personally and try to work with the other side when we can. Sometimes those investor bids (50% off market) are just too low to take serious.
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