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08831 : Real Estate Advice

  • All40
  • Local Info5
  • Home Buying21
  • Home Selling7
  • Market Conditions1

Activity 40
Thu Nov 13, 2014
Joan Congilose answered:
Hi Jana
You will need a certificate of continued occupancy and also a smoke alarm compliance certificate before you close on your sale. You can get the forms at the building dept at the Monroe Twp Municipal Building .You will have to fill out the forms and pay the fees before they will schedule the inspections for you. Usually you do this once your home is under contract and you know when your closing will be. If you have any questions or need help feel free to call me.

Joan Congilose
RE/MAX Central
Office (732) 972-1000 ext:364
Cell (732) 232-5277
... more
0 votes 1 answer Share Flag
Sun Sep 15, 2013
mesutter answered:
The Housing for Older person's Act (HOPA) which sets out the exemption in the Federal Fair Housing Law allowing 55+ housing states that in qualified housing for older persons 55+ 80% of the units must be at least occupied by one person aged 55 or older per unit. No more than 20% of units may be occupied by residents under age 55. If the community does not have more than 20% of the residents under age 55 you should be able to live there. Contact the management of the communities you are interested in.

From another poster on the web: "In my area of Northern New Jersey for example, Rockaway Township minimum age is 52, in Denville the minimum age is 48, in Wharton the age is again 52. As long as the community does not have more that 20% at these age levels you should be able to work it out. Communities are not allowed to advertise this, so many people are not aware of this set aside".

Good luck!
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0 votes 8 answers Share Flag
Wed May 1, 2013
Rohini Agarwal answered:
There is no association fee. The community charges $ 150 annually for retaining the water basin.
Please give me a call at 908-300-6802 cell to see this property with great schools and neighborhood.. ... more
0 votes 2 answers Share Flag
Fri Mar 22, 2013
Rhonda Rothschild answered:
No, the association fees at all the Adult Communities are generally within the same ball park, with the only difference being whether or not the association or the homeowner takes care of the maintenance of teh structure....if it is the homeowners' responsibility to repair the roof or siding, for example, the fees may be less. The golf courses all have their own membership and course fees and are generally not a requirement of the individual homeowners to pay additionally in order to maintain the golf course. Communities with a golf course do not generally have higher association fees. ... more
0 votes 3 answers Share Flag
Thu Jun 25, 2015
chjamesbuckner answered:
same issue, any answers anybody?
0 votes 6 answers Share Flag
Wed May 1, 2013
Nayna Bawa answered:
Hi Eric.

There are currently seven condos for sale at Monroe Manor. The price ranges from $155,000 to $270,000 for a 1-2 bedroom unit. The condo fee is $160/month and covers use of pool, playground, tennis and basketball courts.

If you are interested in viewing these units, please call me on my cell at 917-969-0093 or email me at ninasellsnj@yahoo.com.

Best Regards,

Nayna Bawa
"Nina"
New Jersey Realty, llc
917-969-0093
... more
0 votes 3 answers Share Flag
Wed Feb 27, 2013
Robert Blackburn answered:
Monroe Township is a large township with a variety of communities. There is a low crime rate throughout. There are also several communities for people over 55. Please, contact me directly at
RBlackburn@Comcast.net or (609) 903-4805 to discuss your needs.
... more
0 votes 4 answers Share Flag
Mon Feb 18, 2013
fmann47 asked:
Negotiated $45k in upgrades for new construction on a home. This represents more than 5% of the cost of the home. Can this be considered a seller credit (or concession). Lender infor...
0 votes 0 Answers Share Flag
Thu Feb 21, 2013
Keith & Kinsey Schulz answered:
They can appraise a home based on the building plans and specifications. We recently built our own home and it was appraised for the construction loan prior to closing on our lot or breaking ground. Linked below is the home build portion of our blog. It may give you some insight into the process. ... more
0 votes 2 answers Share Flag
Sun Feb 10, 2013
Frank Bianco answered:
Hi Paul! To begin with, you should know that this home is in one of Monroe's Adult Communities,where you must be at least 55 years old. (A second resident can be 48 years old).

The property you asked about was sold in April of last year. It was listed at $24,900, and sold for $21,250. I should point out that it was a very, very small, 3 room home. It was also a co-op. When someone buys a co-op, they are not actually buying property, but instead, they are buying a share in the cooperatived. It's like saying you are buying General Motors, when you buy a share of GM's stock. You own a share of the corporation, but you really don't own any "hard" assets. Also, the monthly maintenence fee is very high in co-ops, because it includes the property tax...(even though you don't own any "real" property. In the case of 20A Rossmoor Dr., the maintenance fee was $590.00 per month. Furthermore, there are more restrictions as to what you can and can't do with a co-op, than there are when you own a "Condo". A condo, means that you own the INSIDE of the home. We call it "paint-to-paint. You own the appliances, the flooring, the lighting fixtures, etc., where with a co-op, you don't own anything but a piece of paper......A share in the cooperative.

As of now, there are 15 homes available in the adult communities that are "Condos", each with at least 2 bedrooms, 2 baths and a garage, all priced from $64,500 to $100,000. Naturally, you can go much higher if you want to, depending on the specifics of the home you want.

If I can help you further, please call me on my cell phone, (732)-245-4440, or e-mail me directly at: frank.bianco@levinsonassociates.com.
... more
0 votes 2 answers Share Flag
Thu Jul 25, 2013
Tim Moore answered:
Compared to 2006? Our market peaked in 2006 and the sales prices have dropped 30-40% to prices not seen sine 2001. Perhaps this is true of Monroe as well. My guess is that it is. Buying at the bottom sounds like a better idea than at the top so maybe now is the time to be a buyer there. ... more
0 votes 6 answers Share Flag
Thu Aug 29, 2013
Keith Jean-Pierre answered:
Sure I would be happy to assist you Prasad. What exactly did you need assistance with in terms of Monroe real estate? Feel free to give me a call when you get a chance. My information is provided below. I look forward to working with you!

Sincerely,

Keith Jean-Pierre
Re/Max First Realty
Direct: (848) 391-6428
Keith@KeithJeanPierre.com
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0 votes 5 answers Share Flag
Fri Jan 4, 2013
Frank Bianco answered:
This home is in Clearbrook, which is one of Monroe's Adult Communities. The age requirements are for one resident to be at least 55 and the second can be 48 years old. If you would like to see this home, or any other home in Monroe, whether in the adult communities or outside of the adult commumnites, please call me on my cell phone, and I will be happy to help you.

Frank

Frank Bianco
Sales Associate
Levinson Associates Realtors
Monroe Twp. NJ

Office - 609-655-5535
Cell Phone - 732-245-4440
... more
0 votes 2 answers Share Flag
Thu Aug 9, 2012
Joe Cordova answered:
Conventional is the same as conforming loan. These types of loans are securitized by fannie mae and freddie mac. But Rossmoor is also in an eligible USDA area. This loan allows for no down payment. And the condo does not have to be fha approved. You can check the workshop below to learn more about the mortgage product. Or simply give me a call. Best of luck to you!

http://www.ezmeetingsonline.com/joecordova/?do=registration&webinar_id=38Mx2eUDhnGLxQNy

Joseph S. Cordova NMLS# 146855
Evesham Mortgage, LLC
22 South Maple Avenue
Marlton, NJ 08053
office: (856) 985-9944 ext. 103
direct fax: (206) 333-0946
cell: (856) 304-2381
www.joecordova.com
jcordova@eveshammortgage.com
... more
0 votes 2 answers Share Flag
Tue May 19, 2015
Alain Picard answered:
Kitchens are one of the top selling points in a home so an old kitchen will most likely make your home less marketable however like you said you most likely won't get back 100% of the investment. ... more
0 votes 17 answers Share Flag
Wed Jun 27, 2012
Nayna Bawa answered:
Hi Smita.

As an agent whose offices are both located in Monroe, I know the area very well. If you would like to get some listings for homes below $225,000, you can email me directly at nayna_bawa@yahoo.com. I can help you get your search started!

Best of Luck!

Nayna Bawa
New Jersey Realty, llc
... more
0 votes 1 answer Share Flag
Thu Jul 25, 2013
Alex Kushnir answered:
Mira,

The easiest that comes to my mind is to find a real estate agent who will do it for you and will help you along the way.

And it won't cost you a thing!
0 votes 6 answers Share Flag
Wed Apr 18, 2012
Janet Larsen answered:
First to clarify there are a few Monroe Twps in Nj. I handle the Monroe In Gloucester County. Generally you can estimate 3 percent but it depends on tAxes and association fees capital contribution that the retirement community may request. I would be happy to assist and refer a local lender that can go into specific details

Janet Larsen, Broker/Associate
Remax Connection.
Cell 856-261-6910
... more
0 votes 1 answer Share Flag
Mon Aug 5, 2013
Alpa Bhagat answered:
Tapan,
If you are willing to drive 20min there is Princeton Junction train station and also Bus Depot on Rt 130.
I have a copy of 2010 nj.com school ranks (it's done every two years) I can email you. Pls send me your email contact. ... more
0 votes 7 answers Share Flag
Fri Aug 17, 2012
Bennybricks answered:
MY COMPANY NAME IS BVL PROPERTY RESTORATION LLC...WE ARE LICENSED AND INSURED
FEEL FRE TO CONTACT ME, BEN AT 201-873-3311
0 votes 1 answer Share Flag
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