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Bayonne : Real Estate Advice

  • All154
  • Local Info14
  • Home Buying28
  • Home Selling3
  • Market Conditions9

Activity 68
Sun Mar 25, 2012
Aaron Visco asked:
Always looking to improve Im searching to see what atributes the public values most from their realtors?
0 votes 0 Answers Share Flag
Thu Mar 22, 2012
Wayne Odenbrett answered:
Sounds like the renovations are extensive. Your Friend/Contractor is smart to get it layed out properly by a professional. This will ease the whole process with the contractor and the bank. Its worth it. In the end, you will pay for the service, of course ... more
0 votes 3 answers Share Flag
Fri Mar 23, 2012
Amos Elroy answered:
The system cut off your question.

I am not a loan officer or mortgage person, and you would be best advised to ask your mortgage gal or guy about specifics.

To the best of my knowledge you can do structural changes as part of a 203K loan, however this would mean that you would need to be taking an FHA loan, which in turn means that you would need to use one of the units to live in yourself. Taking an FHA loan and not living on premisses would be fraud.

Also, please be mindful of the fact that normally structural changes would in most cases mean you could not take just an express 203K loan (I believe up to $39,000), but would probably need to apply for a regular 203K, which will take longer and postpone your closing.

I hope this covered some of what you were going to ask.



Amos Elroy, SFR (Short-Sale Specialist Certified)
Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411
http://www.HobNJRE.com

Twitter & Facebook: HobNJRE
... more
0 votes 4 answers Share Flag
Fri Mar 23, 2012
Steven Tamburello answered:
Brokers may have higher fees. But will be able to shop your info to multiple lenders in order to get you the best rate/deal. I have a couple lenders I know and trust very much in NJ. They have great track records and have proved themselves to me anyway. I would be happy to recommend. ... more
0 votes 9 answers Share Flag
Mon Mar 5, 2012
Amos Elroy answered:
Hi Lena,

The local MLS does not allow Realtors to re-post its listings publicly, but you can search in it at the following site www.HobNJRE.com

If you need any specific help, I would be happy to help. Please let me know.

Amos Elroy, SFR (Short-Sale Specialist Certified)
Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411


Twitter & Facebook: HobNJRE
... more
0 votes 1 answer Share Flag
Wed Mar 7, 2012
Andrea Alummootil answered:
City and backyard? What is your budget? You are looking way ahead of move date. Most rental listings active now are for April -may move date. But Bayonne has plenty of rentals.

Please check out our website

LIBERTYrealestate.com

Our office is number one in Hudson county for rentals and sales.
... more
0 votes 2 answers Share Flag
Fri Feb 10, 2012
Issa Musharbash answered:
Hi Elaine,
Estate sales can be a bit complex, but nothing to be afraid of. I can guide you through the process. You can reach me at my cell phone at 201-401-6567. I've done estate sales in Bayonne and I would be more happy to help you sell it.
Thanks,
Issa Musharbash
Century 21 Innovative Realty
... more
0 votes 5 answers Share Flag
Sun Mar 25, 2012
Amos Elroy answered:
Yes, Bayonne, isn't a bad choice for rentals at all. There are other areas that you should look at as well though. Please let me know if you would like me to present an analysis to you.

Amos Elroy, SFR (Short-Sale Specialist Certified)
Residential Real Estate Investment Consultant
Lic. Realtor Associate
EXIT On The Hudson Realty
(888) 462-6573 / (888) HOB-NJRE
FAX (888) 462-6573
Office 201-437-0411
http://www.HobNJRE.com

Twitter & Facebook: HobNJRE
... more
0 votes 3 answers Share Flag
Thu Mar 8, 2012
Corey Grushin answered:
Jforce2 it's not that diffiicult . I get them done all the time.
The loan just has to be put together completely by the mortgage company before it's sent to HMFA for their approval. The housing expense ratio and the total debt ratio are the biggest factor in getting the smart start approval. ... more
0 votes 3 answers Share Flag
Tue Nov 29, 2011
Voices Member answered:
Hi,

My name is Michael Zajac and I am a sales associate with Knecht Properties. It is impossible for me to tell you how much your home is worth without knowing more information about it. If you are interested in selling your home please call me at 732-757-7141 or e-mail me at michael@knechtproperties.com and I would be happh to assist you. ... more
0 votes 6 answers Share Flag
Sat Nov 19, 2011
Laura Lass answered:
In general, if you buy a rental with tenants you must also take on their current lease agreement. You will be required to notify them of a rent increase before their lease expires. Double check with your state laws to find out more in regards to the timing of when such notices need to be presented.

Good Luck!
... more
0 votes 4 answers Share Flag
Thu Aug 11, 2011
Anna M Brocco answered:
Since you state that you have an attorney, he/she can better advise than any us can; therefore consider a consultation...
0 votes 3 answers Share Flag
Sun Jul 17, 2011
Jane Shebroe answered:
Technically yes, unless you negotiate and sign a new written agreement between the new owner and yourself that states it will supercede the current lease.

Jane
http://www.RealTerrific.com ... more
0 votes 4 answers Share Flag
Sun Oct 2, 2016
Anna M Brocco answered:
Keep in mind that opinions are often subjective; if needed, consider revisiting the area more than once and at different times of day; then make your determination will the area suit your needs.... ... more
0 votes 8 answers Share Flag
Thu Nov 14, 2013
Jeanne Feenick answered:
If the seller is aware of a mold issue, the seller should disclose it. We use a Seller's Disclosure Statement as a framework for a seller to share/disclose what they know about their home. That disclosure is given to the buyer. While good info for sure, it does not replace a thorough home inspection.

Best,
Jeanne Feenick
Unwavering Commitment to Service
... more
0 votes 15 answers Share Flag
Wed May 25, 2011
Scott Godzyk answered:
You really need to read the lease and see if there are any paragraphs that deal with a release. If there is not anything in there, simply write a letter asking for a release, 30 days is minimum notice but 60 days is better. Tell them you will allow showings for new potential tenants and make it easy on them. Depending on your state law if the apt is left open, they could hold you responsible for that rent but if they rent it, they can only hold you for any time it was vacant and no rent was coming in, they cant collect from you and a new tenant for teh same time period, if in doubt, at least use the forst free meeting with a lawyer to get some direction. ... more
0 votes 10 answers Share Flag
Sun Aug 26, 2012
Diane Maxon answered:
This process can take up to 6 months or more. The amount of the down payment has no bearing on the length of time it will take to get to closing. If you are willing to be patient, you will eventually come to a closing. ... more
0 votes 21 answers Share Flag
Mon May 23, 2011
Mary Petti answered:
J

You have to apply on your own or through your mortgage rep. Realtors have nothing to do with your financing or what you qualify for.
0 votes 4 answers Share Flag
Wed May 4, 2011
Anna M Brocco answered:
Do review comps with your agent, make sure you are priced very competitively with other area units, if not adjust accordingly; also make sure the marketing maximizes your exposure. Make sure the property is neat, sparkling clean and clutter free; remove or rearrange any bulky furniture, do paint, remove/replace any old rugs if applicable, etc.; ... more
0 votes 4 answers Share Flag
Tue Feb 22, 2011
Don Maclary answered:
To be on the safe side, I would suggest finish divorce then buy.
0 votes 3 answers Share Flag
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