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Home Buying in 07030 : Real Estate Advice

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  • Local Info34
  • Home Buying120
  • Home Selling10
  • Market Conditions10

Activity 192
Sat Mar 5, 2011
Jerry Barker answered:
I would imagine it could hinder it but im not sure, its something that you'll have to research on your own. If you know what your goals are as far as what you want to get from this property then you can research the rent control and see if it is going to stand in your way or not. ... more
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Wed Mar 2, 2011
Cissy Isaac answered:
It appears 611 Bloomfield Street is under contract as of 2/7/2011. Hoboken doesn't reassess properties after a sale as a general rule. That being said, it is always best to check with the City of Hoboken to find out what the projected taxes will be. Should this situation come up again, please know that the listing agent should be able to give you the information on any existing applications for a tax abatement.
Hope this helps.
... more
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Wed Feb 23, 2011
Laura Feghali answered:
Hello Popsiclepants,
If you are working with a real estate agent to represent you; then he will be able to discuss with you what similar properties have recently sold in that neighborhood so that you will have a better idea of what the fair market value would be on the property that interests you (it's called a Comparative Market Analysis).
The agent would also be able to research the sales history on the home so that you would know what the current owners paid for the property and when they purchased.
With this knowledge you will be able to determine if your offer is reasonable.
Hope this helps.
Good luck!

Laura Feghali
Prudential Connecticut Realty
... more
0 votes 3 answers Share Flag
Fri Dec 17, 2010
David Leonard answered:
That's a great idea - according to the Otteau Valuation Group our area we'll have a critical shortage of apartments somewhere around 2015, which is good news for people who buy before then. Even this year, downtown Jersey City condos median price went up nearly 3%. Hoboken has 48 listings in this range, about half are near the PATH station, the other half, well, it's a bit of a walk. I'm a total stat nerd (I own investment property so my nerdiness is a little self-serving), so if you want to know where such property has been trending lately and where it is predicted to go, I'd be happy to talk that over with you. Contact info is below.

David Leonard
Weichert Realtors
718 915-2855
201 333-4443
www.davidleonard.biz
dave@davidleonard.biz
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0 votes 4 answers Share Flag
Fri Nov 12, 2010
Nader Rezai answered:
Hi Jean, Hoboken is a good investment because it is only one square mile of desirable living and it becomes a matter of supply an demand. However, when choosing a home, wouldn't you consider quality if life? Like how do you feel about spending 80 minutes a day commuting? Also, depending on where in Brooklyn you work, does the same amount of money have equal buying power? For instance many people move out of Manhattan because they can get more space for the same amount of money and to them more space equals better living. My point is that when considering buying a home, there could be factors beyond the monetary factors that weigh in on what will bring you the most value when buying a home. ... more
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Thu Nov 18, 2010
John Walin answered:
around myy area, a closet needs to be bigger than a box to count as a closet and in turn as a bedroom.
0 votes 5 answers Share Flag
Thu Nov 18, 2010
Karina Abad answered:
Hi Leah! Thank you for your question.
It can depend on the architect sometimes. Not all architects and developers measure square footage the same. Some count from the wall in - closets included. Some count from a quarter of an inch or more outside of the sheet rock then inside the walls.
For the most part square footage is measured from the walls in and closets are included before doors and all walls are put up. Square footage can change because of last minute adjustments and floor plan changes and the deed and condo docs are not always the same.
I am not sure what you mean by open space, I think you mean space that you can actually walk through. In that case, then yes because again, closets are included in that number.
So a 1080 sq foot home could have only say 900 square feet of livable space.
Outdoor space such as terraces and patio's are never counted in square footage - or I should say, SHOULD never be counted in square footage. Although, once in awhile I will see a listing that does count the outdoor space, but that is incorrect. Outdoor space is measured separately.
Also, just want to note, that when an appraiser comes in to appraise the home, he or she will also measure the space to count square footage and draft a floorplan. Most of the time, their number does not match up with what the docs say.

Hope this was helpful!
Don't hesitate to reach me if you have any other questions.
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0 votes 5 answers Share Flag
Fri Jan 29, 2016
Tim Robbins answered:
Marie

The elevation Certifcate is to show if you need flood insurance you can receive one by calling a Survey company your agent or title company should know someone to call. This is needed to determine the flood level of the home you are buying it will determine if you must purchase flood insurance along with homeowners coverage.

Hope this helps

Tim Robbins
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0 votes 17 answers Share Flag
Mon Sep 27, 2010
Matthew Franklin answered:
This is probably a question you should ask directly to the issuer of the pre approval. I would imagine the time you expect to be on disability will come into play. It's best in these situations to be upfront and honest about everything with your mortgage broker. You may also want to seek a 2nd opinion from a different lender just to double check.

Good luck,

Matthew Franklin
Realtor Associate
Halliburton Homes
609.313.2993
Matt@halliburtonhomes.com
http://www.trulia.com/profile/MattFranklin/
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Tue Aug 24, 2010
Alicia Chmielewski answered:
I can't speak with certainty for NJ; however, in Texas you can buy contingent to selling your current home. Unfortunately, sellers may not be as enclined to accept your offer without a firm closing date.

As for values, there isn't any "set price" for any real estate. Your best to hire a real estate agent who can research the values of properties (brownstones) within the areas you like.
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0 votes 1 answer Share Flag
Sat Jul 17, 2010
Walter Burns answered:
Sam,

It is my understanding that the space you are referring to will become a park. I recommend checking with the City of Hoboken regarding a time-lime for the park's completion.

http://www.hobokennj.org/departments/environmental-services/parks/

Sincerely,

--
Walter J. Burns
Realtor-Associate
Weichert Realtors
Hoboken, NJ
201-653-8488 Ext: 230
201-694-8946 Mobile
www.livingonthehudson.com
... more
0 votes 2 answers Share Flag
Thu Jul 22, 2010
Michael Klein answered:
I have many cients who live in that area and are very happy. Not only is it a nice neighborhood but you re very close to both the light rail and shoprite. if i can be of any assistance to you please do not hesitate tio contact me ... more
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Fri May 28, 2010
Jerry Barker answered:
Try checking out this website http://www.realtytrac.com or hire a local realtor, thats your best bet.
0 votes 4 answers Share Flag
Wed May 26, 2010
Michael Klein answered:
$30K to $38K is still pretty much the going rate.....If you have any other questions, please feel free to contact me......Michael Klein...Liberty Realty. (201) 320 - 5371
0 votes 6 answers Share Flag
Thu Nov 18, 2010
Jason Stevens answered:
Any agent in your area can run a search of the local MLS and see which sellers are offering a lease with an option to buy/rent to own. Be prepared to have money to put down as a down payment/option money. Most sellers require it in these types of deals. Also make sure that whatever house you decide on, that when the time comes to exercise the option you are in a financial situation to be able to get approved by a lender. If not all the money you put into the rent to own could be at risk. Good luck and get a buyers agent that has handles rent to owns on your side. It costs you nothing...

Jason Stevens, GRI,ABR
... more
0 votes 9 answers Share Flag
Fri Oct 8, 2010
Debra (Debbie) Rose answered:
Liwm you asked this question already - I responded - this is a duplicate
You might want to delete this one.
0 votes 16 answers Share Flag
Mon May 10, 2010
Walter Burns answered:
Mp,

While we cannot predict where the market is heading, I can say that I am seeing some really great prices right now in the Hoboken area. The supply of re-sales is still high enough to where I am seeing some good deals out there compared to 5 years ago.

Also, interest rates remain rather low if you were considering financing the property.

Feel free to search all of the Hoboken condos here to compare what is available for sale in certain price points.

http://www.livingonthehudson.com/area/hoboken

Please let me know if you have any additional questions. I'll be happy to assist.

Sincerely,

Walter J. Burns
Realtor-Associate
Weichert Realtors
Hoboken, NJ
201-653-8488 Ext: 230
201-694-8946 Mobile
www.livingonthehudson.com
... more
0 votes 5 answers Share Flag
Mon Dec 20, 2010
Fred Glick answered:
Even though the seller pys the commission, your agent's fiduciary responsiblity is to you.

If you get the hebejeebees about your agent, then cahnge agents.

Remember too that you will have a 3 day period in NJ to have an attorney review your agreement of sale before it becomes final.

Good luck,

Fred Glick
... more
0 votes 50 answers Share Flag
Wed Apr 21, 2010
Karina Abad answered:
Hello Brian! Thanks for your question. Property video's are still sort of a newer thing here for real estate agents. It is completely up to the individual agent to create a video and post on you tube and advertise a link. Not all agents are up to techy speed like in some areas. And while we are seeing some more agents do this, it will be a while before this becomes the standard for listing practices.

Perhaps you can schedule a private appointment to see the home in person. I'd be happy to help you if you can be in the area, depending on your situation.

I hope tihs was somewhat helpful!!

Regards,
Karina Anillo
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken, NJ 07030
... more
0 votes 7 answers Share Flag
Fri Apr 16, 2010
Karina Abad answered:
Hello Kimchee, I've seen your questions here before looking for a real estate agent that works Weehawken. Are you looking for a multi or single family?
I grew up in the area and know it well. I'd be happy to have a conversation with you to see if I fit your needs.

Please don't hesitate to reach me.

Karina Anillo
RE/MAX Gold Coast Realty
56 Newark Street
Hoboken, NJ 07030
P (201) 795-5200 xt 332
... more
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