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Home Selling in West Orange : Real Estate Advice

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  • Home Buying75
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Activity 17
Mon May 1, 2017
Kathy Burgreen answered:
I'm a former realtor and unfortunately there is a misunderstanding of how Trulia works. Trulia is just a media website that hosts listings posted by owners, realtors and property managers. Trulia and Zillow are not real estate brokerages and have no control over the listings that appear on their website. They allow sellers, realtors, etc. to edit their own listings.

To get an estimate for your home, you will need to have a realtor provide one for you. Websites like Trulia, Zillow, etc. rely heavily on public information provided by your county to determine estimates for homes within every county in the U.S. Therefore, you need to understand that public information includes things like: number of bedrooms, bathrooms, lot size, square footage, single or multi family home, property taxes paid, last sold price, age of home, etc.

Public information does NOT include: condition of your home, layout, any upgrades / renovations (unless a permit was issued and recorded with your county); any neighborhood information, school district information, style of home, etc.

Because websites like Zillow and Trulia do not have the above information from your county, it is stated in writing that this information CANNOT be included in estimates for homes on their website. This means that their estimates can be anywhere from 10 - 50% off and therefore worthless/ Realtors, lenders, appraisers and home inspectors NEVER rely on estimates given on websites. Professionals have access to the MLS system and rely on MLS data instead. Realtors do spend time with buyers and sellers explaining the limitations of online estimates and why they are worthless.

The rare time online estimates come close is in condo buildings where the square footage is the same from 1 floor to the next and the lot size is the same.
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Sun Jul 24, 2016
Sally Grenier answered:
I'm sorry, but I don't really understand what you're talking about. This scenario sounds very confusing and I doubt anyone here can help you without knowing more info about the property and the contract you signed. So...Where is your REALTOR in all of this? Maybe you need to be asking him/her these questions?! ... more
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Sun Jul 24, 2016
Maryellenmorrow asked:
There are several plans to repay condo assoc but buyer assuming the worst possible scenario in calculations bringing me to zero profit. As seller I want to get a fair price not bringing…
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Tue Feb 23, 2016
Jeanne Feenick answered:
I have a coop deal in process now....was financed when initially purchased, and buyer intended to get mortgage and all went well but due to competitive forces, has shifted to cash.


There are lenders that do this - Coops are rate in NJ - common in NYC, but you can still get them done.

You may have identified your main issue - the ownership issue - I am not sure, but a lender could likely provide a better answer to you.
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Sat Feb 13, 2016
Jeanne Feenick answered:
No, I have never heard of this. Have your agent do some prequalification when appointments are made so you feel better about those visiting your home. Lookie Loos often become buyers.
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Sat Feb 13, 2016
Jeanne Feenick answered:
Yes, agree with Alan, if you are uncomfortable by the conduct of your listing agent, speak to the Managing Broker. Your relationship is at the broker level so a reassignment of some sort should be an option.

You should not feel uncomfortable in your own home.
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Sat Jan 30, 2016
Scott Godzyk answered:
The only problem is if you signed a listing contract, and you sold the home on your own, you may owe them a commission. You should ask for a full release of the listing in writing and make sure you sign it and then get the listing agents signature releasing you. ... more
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Sat Jan 30, 2016
Prophetess71 answered:
I have a similiar question. I will post it and see if we can get some good answers.
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Wed Sep 2, 2015
Randi Tanenbaum answered:
I am currently selling my property in West Orange for sale by owner- so no fee. Are you looking to purchase?
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Tue Jun 3, 2014
John Facchini answered:
Aggressive pricing could also be translated into positioning yourself in the market pricing just below general market value lets say 5% below would give you an edge over similar homes in your area also the theory is that advantage would create more volume of potential buyers with a result of multiple offers thus getting full price or even more. And no you do not have to accept . Acceptance is not just price driven it is also predicated on terms of the deal.

Best of Luck


John R Facchini
Full Time Realtor
Jrfproperties.com
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Thu Nov 21, 2013
Kyle Kovats answered:
All commissions are 100% negotiable in NJ but you'll be hard pressed to find anything below 5% because at that point it's hard for the agent to make money after all expenses incurred. Also, offering anything less than 2.5% commission to buyers agents sometimes will turn them off on your listing and rather than running to show their client your listing, they won't have as much urgency. ... more
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Thu Nov 21, 2013
Kyle Kovats answered:
Depending on your location in West Orange, you could have a large margin in home values even for identical homes. What section of town are you in, what style home, beds, baths, rooms, basement, yard size, garage, exterior, has there been recent updates, true master bedroom, hardwood or rugs, etc. If you'd like to know your homes value, give me a call and I can give you a good idea after a 5 minute phone conversation. ... more
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Mon May 13, 2013
Bev & Bob Meaux answered:
Robin,
I hope everything worked out well for you in your selection of a professional Realtor and you have been able to take advantage of this burgeoning market. I also hope the professional Realtor you ultimately chose gave you great service and guidance. Enjoy. ... more
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Wed Sep 14, 2011
Debra (Debbie) Rose answered:
HI again Charlie

If your head is spinning with all these tidbits of information, I'm not surprised, because mine is too!

Know that closed sales have ranged from a low of $275,000 for an Adams unit (1/11) to a high of 380,000 & 390,000 for 2 Adams units, both with finished walkout basements (cosing dates, 9/10 & 12/10).

For a complete list of active, under contract..... and closed sales,along with a list of accompaning agent names, please reach out to me.......or anyone else......or to all of us!
You can have this information in an organized fashion, in front of you, so you can analyze it, and decide how you want to proceed, and whose marketing plans you want to compare and contrast.

Best wishes............
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Thu Apr 7, 2011
Laura Giannotta answered:
You'll find this links helpful. Although it deals with tax appeals in Little Egg Harbor, the process is the same throughout the state.

http://www.trulia.com/blog/laura_giannotta/2011/02/little_egg_harbor_tax_appeals_the_nj_tax_appeal_process

Get tax comparables from before 10/1/2010, but as close to that date as possible. Make sure you have the sold price, and sellers concessions and the deed recording date.

Laura Giannotta
609-384-6121
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Thu Jul 29, 2010
Robert Northfield answered:
Hello: It would be rare to find 2 bedroom homes on 1/2 acre. However, to get information on sales at http://www.MyRealPropertyValue.com
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Fri May 8, 2009
Cathi Allebe answered:
Zora,
If you go to my website I track the West Orange Market each month and post the charts. www.allebehomes.com I have all sold sales in West Orange as recently as March...going as far back as 2004.
The icon is on the bottom right of my site. I update these monthly. If you have any questions about the West Orange market or any other markets in that area I would be happy to assist you. Contact me any time.
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