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Home Buying in Bayonne : Real Estate Advice

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

Activity 25
Thu Apr 25, 2013
Jeffrey Lee answered:
Hello HC,
The 411 on Bayonne is that over the last 15 years the town has an 78% appreciation and offers an encouraging outlook for home-buyers and sellers. Excellent alternative for Staten Island residence that work in New Jersey, location and town development speak for it self since 1998...

Zabriskie Avenue is located in the Bergen Point District of Downtown Bayonne, which displays suburban neighborhood located near the Bayonne Bridge and participates with the blue ribbon Henry Harris School Zone.

I'm excited to share with you that I have one of the top 5 listing in Bayonne, which is located on Zabriskie Avenue.  Please see my remarks on the property to get an idea of how desirable the neighborhood is.

Unparalleled Luxury priced to sell... this will not last... 5 large bedrooms, 3 full baths, 2 kitchens, wood burning fireplace, central air, 3 zone heating, central vacuum system, intercom system,in-ground heated pool, security system with cameras, 1 car garage, total square footage of living space equals 3,512 sq-ft, on three lots of land, one of which is build-able. Tax appeal filed for 2013 has a pending status.

It was my please contacting, responding to you, feel free to contact me with any other question or concerns with your real estate wants and needs. If you would like shoot me over your email and I'd be happy to send you listings that may interest you, based upon your criteria.

Truly,
Jeffrey V. Lee
Weichert Realtors Bayonne
(C) 201-218-3254 (Direct Number)
(E) j.lee@weichert.com
(W) bundle-of-rights.com
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Tue Oct 16, 2012
Annette Lawrence answered:
The Realty Trac fee is not that high. if your finances are that tight you may be buying too early.
Besides, you would find the service to be woefully inadequate and not at all satisfying in regards to the clarity of the property status'.

Your best bet is to contact a local real estate professional in the area you wish to purchase.
They can actaully connect you to the homes that are ACTUALLY for sale. They even have tools to dig through the distressed statuses to give you early notice opportunities. Many of these homes will require an offer be submitted through a real estate professional. And, if you don't know the process and practices of each of the banks involved, you will end up on Truila asking, "Why was my full price offer kicked to the curb?"

Of course real estate professionals do this as a business, not a hobby, and expect compensation. But you know that already, didn't you?
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Tue Apr 17, 2012
Tim Moore answered:
I have been full time in real estate for the past 24 years and the commissions have not varied much at all. 6% is not all that universal and not that common in our market and it is, of course, totally negotiable. Predicting the future has not been easy for me since spring 2000 when my crystal ball broke. ... more
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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
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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
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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
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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...
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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
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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
Fri Jan 14, 2011
Bill Carey answered:
Yes there are ways FHA has a program to rehab if the property qualifies. Why this property that needs work when there are hundreds in great condition that you can buy 30%-40%-50% off?

***Here is a better way search for your next home. Look in the "Short Sale /Foreclosure" market you may save 30% -40% -50% on the home purchase price. There are plenty of excellent short sale/foreclosures in in every city to find the one for you may take a little time and alot of work for your real estate agent but it will be well worth it for you.

As a buyer "Short Sales" & "Foreclosures" are all about the money, the money you can save versus buying a retail MLS home. If you can't save 40% - 50% - 60% on a home including any repair or cleanup cost you should run away. There are too many excellent choices for a qualified buyer.

I have sold and purchased "Short Sale" & Foreclosure" homes in beautiful condition fully furnished where the sellers just walked they wanted out. Also homes that were junkers but the deal was too good to pass up it's all about the $$$.

My wife and I live in a home we recently purchased as a "Short Sale" it was alot of paperwork and time for me the agent. But in the end the bank reduced the amount they were owed on the loan by $325,000 we got a great deal. The home did not need any repairs as most foreclosures do it was move in beautiful condition. With "Short Sales" be flexible your time frame and with the location to get the best deal.

Thank you,
Bill Carey, Broker/Realtor
Cell 704-905-0740
Fax 866-343-5945
Bill.Carey@HendersonProperties.com l http://www.HendersonProperties.com
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Wed Jul 28, 2010
Anna M Brocco answered:
If you need your agent and he/she is not returning your calls, do contact the broker owner or office manger of the realty company and express all your concerns. What is your attorney suggesting as to the missing seller--is there a power of attorney with an attorney or the other party, etc., without many details, you may wish to consult with your attorney, he/she is your best source of advice. ... more
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Fri Dec 16, 2011
Scott Godzyk answered:
You really should have a buyer broker who is well experienced with shorts sales or will need an attorney to review the paperwork to make sure everything is complete and compliant with the banks guidelines.

You also want to make sure the sellers listing agent is expereinced in short sales as well as the negotiator for the seller is well expereinced. if teh seller is trying to complete a short sale by themselves, there is only a very slim chance they could ever make it work without assistance of a professional.

The seller has to be approved to even conduct a short sale, the deed needs to be checked to see if there are any liens, the offer price needs to be at or near market value and you need to know if the bank has assigned a negotiator and if they have completed an appraisal or bpo yet. The short sale can take 3-6 months, so make sure you have the time and patience.

Please see my blog for more tips and advice on how to get a short sale approved.
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Tue Jul 13, 2010
Mary Petti answered:
Sun Mar 21, 2010
Robert Greenblatt answered:
Hi Chang. New Jersey has 2 different common practices. In North Jersey it is typical to have a attorney invloved in the process. In Southern New Jersey, (typically south of Trenton), many transactions close without the direct assistance of an attorney. Title comapnies commonly arrange for deed preparation with a local attorney; sellers responsibility. In all real estate transactions, it is always a good idea to have an attorney invloved.

What part of New Jersey are you interested in?

~Robert Greenblatt
Keller Williams
Cherry Hill, NJ
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Fri Jun 5, 2015
Walter Burns answered:
Samurai,

The Bayonne Building Department must inspect and issue a Certificate of Occupancy on the house or condo before a closing can take place.

Here is the contact information for the Bayonne Building Department. I recommend contacting them with any specific questions.

http://www.bayonnenj.org/commdev3.htm

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

Sincerely,

--
Walter J. Burns
Realtor-Associate
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
347-4-HUDSON Direct
347-448-3766 Direct
201-694-8946 Mobile
201-653-4154 Fax
walterburns@gmail.com
www.livingonthehudson.com
... more
0 votes 5 answers Share Flag
Mon Nov 9, 2009
Barbara Tulko answered:
That's a really tough question, but I do know that Bayonne is undergoing a brand new rebirth with much new residential and more importantly, commercial development. If the theory turns out to be reality, all of this development (in particular, the commerial) should bring in much tax revenue and therefore, eventually, cause a leveling off (and hopefully lowering) of some existing homesowner's real estate tax bills.

In the meantime, prior to much of the development (particularly on the Hudson River portion of Bayonne's waterfront), there was a military installation, which has now been replaced (and continues to be replaced) with tax paying residential and commercial properties.

I'm not an expert on why taxes are what they are, but this seems quite logical, given the circumstances.

Regards,
Barbara Tulko
RE/MAX Villa Realtors
201-218-4009 (cell)
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Mon Jun 8, 2009
Walter Burns answered:
Jacqueline,

The only way to find out is to make an offer on the house you like and have your agent fight for you to get the price you can afford. Are there recent sales to support the price you want to pay? I recommend asking your Realtor for a comparative market analysis showing recent sales of similar homes.

At the end of the day, a property is only worth what a buyer is willing to pay. The buyer will determine value. The asking price of a home by a seller does not indicate true market value. It may higher or lower.

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

Sincerely,

Walter J. Burns
Realtor-Associate
Weichert Realtors
1 Newark St.
Hoboken, NJ 07030
201-653-8488 Ext: 230
201-694-8946 Mobile
201-653-4154 Fax
walterburns@gmail.com
www.livingonthehudson.com
... more
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Tue Aug 11, 2009
Ruth Bonapace answered:
There is a light rail system that is very good. Is she interested only in Bayonne? If you contact me we can go over more details so that I can better assist you. I deal with a lot of first time buyers n the area.
Ruth Bonapace
ruthbonapace@gmail.com
21 741 5269
... more
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