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Home Selling in 08820 : Real Estate Advice

  • All212
  • Local Info16
  • Home Buying122
  • Home Selling17
  • Market Conditions7

Activity 24
Thu Feb 26, 2015
Andrew Tisellano answered:
attorneys usually charge a flat fee that includes the review process and the closing
for buyers $900 - $1200 for sellers $700-$1000. some charge additional for faxes and letters
0 votes 4 answers Share Flag
Wed Nov 28, 2012
Andrew Tisellano answered:
Most towns have a way for you to expedite the CO inspection
ditto to what Gloria said
0 votes 8 answers Share Flag
Wed Jan 9, 2013
Andrew Tisellano answered:
pseg worry free is just as good as some of the home warranty.

other companies are

2-10 Home Warranty is another good company 800.795.9595

Home Warranty of America
Tel: 888-492-7359
... more
0 votes 4 answers Share Flag
Mon May 14, 2012
Patric Santo Pietro answered:
What's the condition of your unit? Which floor is it on? Is your unit bigger or smaller square footage-wise? What's your maintenance fee? Details would be helpful.
0 votes 6 answers Share Flag
Fri Mar 2, 2012
Diane Glander answered:
Fresh paint and refinished hardwood floors bring you the biggest bang for your buck! Declutter as much as you can, too. Think Pottery Barn look and you'll do well.
0 votes 2 answers Share Flag
Sun Apr 21, 2013
Kate Reilly Lund answered:
There has been a decline in the past six months of the property prices at Westgate and Westgate II. There is no longer a substantial difference between the earlier and later communities in pricing, some different but not a substantial difference. In the middle of 2010 (June to July) the average of the sold prices was $330,000 with some selling as low as $315,00 and some as high as $360,000. I'm referring to the averages, not the median prices. Presently the high is in the $335,000 and the low has unfortunately gone below $300,000. There were some foreclosures sold there that decreased the prices, but those variables are not setting the prices. Sellers that have been highly motivated have been setting the prices. You are stretching your expectations to ask for a "good one" for less than $280,000. As with any community there are major differences with their location, their condition, the privacy factors etc. Only a Buyer can determine what a "good one" is.

Westgate is a still a very strong marketplace since the number of units that are existing in the overall community are large, the amount of sales are very small in retrospect. It has always had a large volume of motion and is a good community for many reasons.

It sounds as though you may be looking as a For Sale By Owner. If you are, you are depriving yourself of the good services that are offered to you by a licensend Realtor who is really familiar with the community. There are so many details related to the sale and purchase. For the same price of home you are not necessary doing yourself a favor. PS. Who is getting the so called saving? The Seller or the Buyer.

Do yourself a favor and work with a professional. You'll be led to the best related professionals that are necessary for your transaction.

I've watched the growth of North Edison and have worked with Westgate, The Oaks, The Maples, and all of the other townhouse complexes since they were built and had their first private sales.
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0 votes 6 answers Share Flag
Wed Jan 9, 2013
Latika Archuleta answered:
Tue Aug 17, 2010
Mary Petti answered:
R2010

What type of home is it..is it a split, colonial, or a bi-level?

I would be happy to come and do a market analysis for you free of charge. It realy depends on several other factors. I live in Edison (since 1983) and I know the area well. Give me a call. 908-675-0167

For the record. the 2-story homes in the last 60 days sold between 4479K and $779K
Bi-levels and splits between $479 and $519K.
... more
0 votes 4 answers Share Flag
Thu Mar 22, 2012
Jennifer Blanchard answered:
Hi Karen,
Different states have different rules - and I'd advise you to ask a real estate attorney. However, I think, that the buyer will have a right to terminate if they are not willing to accept the cess pool. Good luck - septic issues stink!
Jennifer
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0 votes 7 answers Share Flag
Wed Mar 24, 2010
Jerry Barker answered:
I doubt that you can negotiate the management fee but it is certainly worth a try, I would call them up to speak to someone and explain to them your situation. Have you listed the property for sale with a Realtor, if not thats what I would do, its probably the only way you would be able to sell it in this market, there simply isn't enough buyers out there to sell property by owner these days. ... more
0 votes 1 answer Share Flag
Wed Feb 10, 2010
Mary Petti answered:
Gary,

Westgate is a highly desirable development as you well know. Sales prices in the last 3 months ranged from $300,000 (needed upgrading, right next to the tracks) to $365,000 (completely redone top to bottom, away from the trains...was gorgeous!!). Days on the market (from list date to contract signing , not closing) ranged from 44 to 101 days.

Current listings range from $329-$349K.

As far as rentals, the last 6 months rentals have ranged from $1800 to $2000 per month, and even going back as far as the last 18 months the average was $1900/month.

Whether to rent or sell outright depends on several factors, not the least of which is your financial situation, if you have a place to go in mind, and of course if you are willing to become a landlord with all that it entails.

For more thorough information, give me a call and I we can make an appointment to meet for a free, no obligation market analysis. I have listed and sold a few units in the development and know it quite well.
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Wed May 27, 2009
Brian Teyssier answered:
0 votes 50 answers Share Flag
Mon Oct 4, 2010
Gil Lopez answered:
Hello:
I would be happy to assist you in determining the value of your condo. In order to to a thorough job, I should visit the property to see first hand the improvements that you have made. Once I have determined the features of your property I can compare it against recent sales in the development for units of a similar size and condition. I also compare it against current properties on the market to determine what your competition is. It is critical that you position your property so that it is the first one visited by prospective buyers in Waterford.

Please give me a call on my cell phone (908-510-0639) or send me an e-mail (gillopez@prunewjersey.com) and we can get started on determining the market value of your home.

Best regards,
Gil Lopez

Prudential NJ Properties
3 Amboy Av
Metuchen NJ 08840
... more
0 votes 4 answers Share Flag
Mon Oct 27, 2008
Jillian Mason answered:
Send me an e-mail at jillian@jillianmason.com and I will look it up for you.
0 votes 3 answers Share Flag
Wed Jan 14, 2009
Kimberly "KIM" Wojcik answered:
Hey NJ Home,

Get estimates to compare, do you need instulation and removal of flooring? All that should be on the estimate. As far as my experience has shown me, refinished hardwood has always benefit my seller clients. But you must also consider your budget and what is best for you. So get the three estimates and consider what is best for you budget, if the hardwood refinish is in it, go for it! Good luck with you sale! ... more
0 votes 11 answers Share Flag
Thu Sep 24, 2009
Gil Lopez answered:
The units currently on the market in Westgage run from a low of $339,900 to a high of $379,900. All units have 2 bedrooms with the number of bathroom varying from a bath & a half up to 3 full baths. Obviously the condition of the interior (bathroom/kitchen upgrades, wood floors, condition of carpeting, etc..) as well as the number of levels in the unit and locatio of the unit in the development (is it an end unit or not) are key to determining value. I will be happy to provide you with further details on specific listings if you send me your contact information. ... more
0 votes 13 answers Share Flag
Wed Jul 2, 2008
Mary Petti answered:
Rich
It depends on a few more factors. Interior condition (like updated kitchen/baths, lot size, etc ) and how close you are to the main roads. It also depends on the actual condition of the house.

Just for a beginning, I did a search of 4 br 2.5 bath colonials with a basement in 08820. Location parameters were between (north to south) Oak Tree Rd and the trains (by St. Joes, ) and between (east to west) Plainfield Rd and Grove Ave.

There are 2 currently listed at $599K and $525K, but the $525 needs work and is on the corner of a fairly busy street. There were four closings since January. Closed prices were $535, $582, $535 and $475K. Again the $475 K sale needed updating. Average days on the market (till a contract) was 47 with the longest being 67 days. Bear in mind a closing then takes anywhere from 60 to 90 days after a contract is signed.

I have lived in North Edison since 1983, am active in local issues, and know the area well. I would be happy to sit down with you and go over a comprehensive market analysis with no obligation.
Email me or call me at your earliest convenience,

Mary Petti
Realtor-Associate
Prudential NJ Properties
3 Amboy Ave
Metuchen NJ 08840
cell: 908-675-0167
email: PruMaryNJ@aol.com
... more
0 votes 3 answers Share Flag
Fri Aug 8, 2008
Gil Lopez answered:
In all real estate contracts, one of the contingencies is that the buyer secure a mortgage commitment. It is my understanding that once the bank or mortgage co. issues a commitment letter, that satisfies the contractual requirement. Although a signature is required by the lender to indicate that the buyer accepts the mortgage commitment, if the buyer does not sign the commitment, they can not back out of the transaction since the issuance of the commitment letter satisfies the contractual requirement. ... more
0 votes 5 answers Share Flag
Sun Oct 2, 2016
Diane Glander answered:
I have seen the rates vary. They are generally cheaper down here in Monmouth County than up North by you. For buyers it ranges from 600-1000 and for sellers it's more.
It's really important to get an attorney that specializes in real estate closings. Get a recommendation from your agent. As the seller you not only want to protect yourself legally, but you want to get out of review as quickly as possible. ... more
0 votes 9 answers Share Flag
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