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08085 : Real Estate Advice

  • All15
  • Local Info4
  • Home Buying6
  • Home Selling0
  • Market Conditions1

Activity 9
Tue Nov 27, 2012
Janet Larsen answered:
Most rural areas have lower taxes. There are many variables. Older homes that have not had a 10 year reassessment may have lower taxes vs. a newer home or a home that has an addition or pool or other renovations. I would be happy to help with the home buying process and negotiating a great price for you.

Janet Larsen, Broker/Associate
Remax Connection
Sewell, NJ 08080
Cell: 856-261-6910
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Fri Sep 10, 2010
Dan Tabit answered:
SJ,
Generally if you change jobs but are in essentially the same line of work you should be okay. A lender will need to know this up front to avoid a lot of drama and uncertainty at the last minute. A difference in salary may affect how much you'll be approved for as your debt to income ratio will have changed.
If you change from a hourly position to a commission or bonus heavy position, they may not allow all the income or want you to be on the job for a while to prove it. If you change by choice, stay in the same type of employment and pay type.
If you or your husband loses a job during the shopping process, and that income is necessary to make the payments and keep the ratios in line with the banks requirements, you will not be approved until you are reemployed.
Your pre-approval is based on all conditions at that time being the same or better. Changes will affect the loan, but not necessarily cause you to be declined. It really depends on what the changes are and how strong of a candidate you were to begin with. I hope this helps.
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Tue Jun 15, 2010
Theresa Cannizzaro answered:
In this market builders are negotiating a fair amount but your best opportunity for the greatest discount is to purchase in the first phase and secondly if they have models they really want to get rid of, something that might have been started and not completed or sold by the previous builder. Good luck with the purchase and negotiating, stay tough.

PS: If you have a contract on your house you'll be in a much stronger position, or if you are able to sell it quickly(listing at or slightly below market value). If you need any help with a free, no obligation, market analysis, please let me know, thanks.
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Fri Mar 1, 2013
Joe Montenigro answered:
The Paparone family has been building in South Jersey for over 30 years, and I've sold a few of them in my 20+ years as a real estate broker. I'm sure they have many satisfied and many not so satisfied customers.... you can't dig a hole in the dirt without getting your shoes dirty once in a while and that applies to everyone.

I wondering (and I'm doubtful) that you'll actually get someone to give you a negative review in this forum.... and even if you did, would the review be credible or believable? Or perhaps someone with an ax to grind?

On a separate but related issue.....If quality is an important issue and knowing that "builder's grade" generally means "cheap" ....why buy a home that you have to upgrade the day you move in? Why not look at a bank foreclosure in a good area, buy it cheap and spend the savings on remodeling the home to your liking before you move in? Is it work? yes. But the advantages are many....but I'll save that for another post.

Good luck in whatever you decide !

I hope that's helpful... if so, click the "thumbs up" below,

Joe
---------------------------------
Joe Montenigro REMAX Home Team
Broker, GRI (856)374-2800 x106
Serving Gloucester Twp & Southern NJ
Read my Blog at http://hometeamNJ.com/blog
Meet me at www.facebook.com/JoeMontenigro
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Tue Dec 8, 2009
Kimberly Thomas answered:
Hi Brian,

I see that you currently live in Blackwood/Turnersville (given the zip code). Are you looking to move to Woolwich and concerned about whether it has public water and sewer or are you asking something else? Please advise and then I can help you.
Kim
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Tue May 12, 2009
Dana Schuster answered:
here are some basics:
(1) you put down a deposit(usually 10% of purchase, price,but negotiable)
(2) you agree to purchase the house within a certain period of time(usually 1 year,but again negotiable)
(3) you pay a rent which must be above market rate
(4)The deposit and extra funds are put into an escrow account which is used to build up your down payment
(5)At the end of the lease period you take your escrow funds and go to a conventional lender to obtain financing
(6) if you do not purchase,you forfeit your escrow funds

of course,the terms can vary from situation depending on what you negotiate with the seller. You should realize that this is usually more expensive in the short run than just renting or a straight purchase. this can be tricky & you can stand to lose a lot of money if things do not work out. if you are planning to go this route,you really need to work with an experienced agent who can negotiate the best terms for you & look out for your interests. This option is best for people with good income but poor credit.i
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Wed Apr 29, 2009
Paul Howard answered:
An inspection tells you the condition.
A certification is a statement (may include warranty) that it is ok or meets specified standards.

Those 2 inspections are not likely to be done by the same company. You need to know a lot more about the details of each - which you can get from qualified testing companies. Your Realtor should help you. Hopefully it is not the same real estate company that listed the house.

Paul Howard,Broker
NJHomeBuyer.com Realty
Cherry Hill NJ 08002
856-488-8444
www.twitter.com/paulhoward
www.companies.to/njhomebuyer
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Mon Jul 16, 2012
Viviana Katz answered:
If you are buying in a builder's subdivision, yes, those 3 sales definitely conflict the pricing issue, especially if they are production homes. If they each have special features or amenities, then they may complement each other. Make sure you visit each of the homes and compare for yourself the features & liabilities, then work with your agent to determine which best suits you. If you are paying cash, still consider an appraisal on your top choice. You may spend a few hundred dollars to learn you would have offered a few thousand more than needed. ... more
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