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Wenonah : Real Estate Advice

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  • Local Info0
  • Home Buying1
  • Home Selling0
  • Market Conditions2

Activity 8
Fri Apr 21, 2017
Kathy Burgreen answered:
As a former realtor, I'm all in favor of selling by owner and you can sell your home without a realtor. In your current situation, you are correct that you need to protect yourself first. The best thing to do is tell your buyers that you will continue to show your home and if they get their home under contract, you will accept an offer from them. Explain that you do not want to take a deposit because anything can happen with the buyers home (deals fall thru, financing mishaps, inspection issues, etc.). Also you have no idea how long it will take your buyers to sell their home. It could be anywhere from 1 week to 6 months or longer. That's their problem - not yours. Your goal is to sell your home for the most money quickly. The longer your home stays on the market, the tougher it is to sell. You need to avoid this at all costs. If you followed your husband's advice and accepted a non refundable deposit, that means keeping your home on the market (unsold) for perhaps a year because you have no idea how long it will take to sell the buyers house. Explain this to your spouse.

In the meantime, drop the price a bit for your home and find a new buyer. Make sure this buyer has a pre approval from a lender or if they are selling their home - make sure it is under contract.
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Mon Nov 17, 2014
kikis_m0m asked:
This question was asked from http://www.trulia.com/rental/3172698948-OAK-VALLEY-682-Montclair-Ave-Wenonah-NJ-08090
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Wed Jan 15, 2014
Eady Green answered:
Landlord should have c/o before rent that property to you
and you can ask landlord to make a copy of that C/O.
0 votes 5 answers Share Flag
Wed Jan 15, 2014
Eady Green answered:
Oak Valley is not a bad place to live, good school, nice neighbor,
My kids all went to Oak Valley School and they did great! Great teacher there.

If you looking for the house, it is reasonable price there. ... more
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Sat Nov 9, 2013
Larry Sarlo answered:
Int SF: 2,251

Lot Dim: 75X150

Tax Year 2013 Taxable Bldg Asmt $159,900 Total Bldg Asmt $159,900
Annual Tax $8,207 Taxable Total Asmt $259,700 Total Asmt $259,700
Taxable Land Asmt $99,800 Total Land Asmt $99,800

This is a short sale...

Call me to discuss any questions about how to make an offer...

Search Short Sales and foreclosure Deals at www.BuyNjShortSales.com

Larry Sarlo
RE/MAX Preferred
609-868-1171
lsarlo@comcast.net
www.larrysarlo.com
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Fri Nov 16, 2012
Catherine Watts answered:
It can be very confusing and not always in the best interest of the buyer. It is best to contact an attorney as the structure of the contract is key.
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Thu Mar 11, 2010
Donald Campbell answered:
Here’s a few tips for estimating the bill:

Besides what you pay for the house (or really what you borrow and then what you give the seller by way of deposit and at the closing), is what are called closing costs. They’re expensive in New Jersey as they cover all the extra things you have to pay for besides the new house.

First of all, it’s the costs to the lenders for their fees, (banks are always cheaper by a couple thousand dollars usually), which are lender fees (application fee, origination, mortgage insurance, if you borrowed 90% or more, appraisal fees).

Then there are the title costs which are the next highest items, $500 per thousand and approximately $300 for title search and endorsements.

In addition, there is your home inspector, surveyor, if necessary, attorney fee, cost of recording Deed and Mortgage and Notice of Settlement (estimate – $350) and surprise, surprise, finally the extra advance payments of taxes (usually 3 months, but can be 4, so take one-third of yearly taxes), and then there is about a month of mortgage interest.

If you estimate $10,000 for a house about $400,000, you’ll be close.
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Sat Aug 1, 2009
Keith Sorem answered:
G
Ask your Realtor to provide you with an Estimate of Seller's Net Proceeds. That should give you an approximate idea.
0 votes 6 answers Share Flag
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