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Bridgewater : Real Estate Advice

  • All79
  • Local Info10
  • Home Buying39
  • Home Selling1
  • Market Conditions6

Activity 58
Tue Jan 27, 2015
Mitch Larrivee answered:
YES! There are many options. Some home sellers are even willing to rent to own -to avoid having to go to a foreclosure situation or even just to have the burden of selling off their shoulders.

However, it sounds like you are more interested in buying a home. Just because it isn't as easy to find financing as it used to be, you still have options. One of many examples is homepath properties. These usually get you in the '3% down' range. You should contact your mortgage broker (if you don't have one your real estate agent can help) to see what your options are before going straight to rental.
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Sat Dec 18, 2010
Jeanne Feenick answered:
Hi Sam, I see that no one has responded - so let me take a stab at this. My comments will be limited to properties currently listed actively in the MLS. There are a total of 232 active listings in Bridgewater, of those 25 require lender approval. This category is meant to specify that the sale must be approved by the lender because it is either a short sale or bank owned property. The prices range from a low of $99,900 to a high of $929,000, but only two are over the $500,000's. The distressed market's reach is broad.

Short sales can be complicated and uncertain, and often take a long time. Bank owned properties are more manageable and a sale can generally be consummated in a normal 60-90 day period.

If you would like a list of listed properties in Bridgewater which require lender approval, contact me and provide your email address and I will be happy to provide it to you.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Wed Dec 15, 2010
answered:
Did you have a mortgage contingency clause in your contract? If you are on medical leave, you may not be able to obtain a mortgage. The time limit for this may have passed, so speak to your attorney about this aspect as it applies to getting your $11,000 back. ... more
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Mon Oct 4, 2010
Howard "Bucky" Buchanan answered:
Heidiho-

The first thing I would do is contact the bank and find out if indeed you were a co-signer, or a co-applicant. Depending on the bank, and the type of loan you took out, that may have bearing on what needs to be done to the loan. Many banks used to allow you to have the loan modified, as long as the remaining spouse was able to qualify on their own. This would mean that your ex would need to approve of the request, then qualify after income verification and credit background check.

However, every bank is different, and lending has changed in recent years. I would start by calling and talking to a loan representative, or if a smaller local bank, stopping in their offices.

If all else fails, have your attorney that handled the divorce send a letter to the bank making the request.

Good luck!

-Bucky

Howard "Bucky" Buchanan, SFR
Weichert Realtors
Mobile: 908-566-5547
Office: 908-735-2552 x208
eFax: 908-847-0239
http://www.buckybuchanan.net
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0 votes 1 answer Share Flag
Mon Sep 27, 2010
Jeanne Feenick answered:
Hi Sv, I've sold homes in both areas - the couple who bought in Bradley Gardens is very happy with their decision, they both home school and use the public schools and it seems to be working out. You are very close to highways and shopping, including the Bridgewater Commons Mall and WEGMAN'S - who doesn't love Wegman's??

I believe that the Finderne section feeds into Adamsville elementary, but I suggest that you check on the school assignment by calling the school district. When I recently did that to answer an inquiry for a buyer, I was directed to a transportation line - and given the address, they could answer definitively on school assignment.

You'll find information on the community overall at the Township website:
http://www.bridgewaternj.gov/

I think you will find a different feel in these two neighborhoods - so good to do your own research and also just explore to determine what area feels most like "home" to you.

A good resource for comparing and contrasting schools is the Star Ledger School Report Card:
http://www.nj.com/news/index.ssf/2009/02/tough_new_state_tests_spur_hig.html

In terms of safety and crime, suggest you call the police department.

I you would like further assistance, I'd be happy to help.

Best,
Jeanne Feenick
Unwavering Commitment to Service
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Mon Sep 6, 2010
Helen Cocuzza answered:
Hello Sv, where do you wish to look for these properties?

Helen Cocuzza Realtor Associate
Professional Staging & Relocation Dept
DIrect: (732) 232-1614
Email: Hcocuzza@maryholder.com ... more
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Wed Sep 1, 2010
Sandra O'Keefe & Johanna Wiseman asked:
0 votes 0 Answers Share Flag
Fri Aug 6, 2010
JUSTA LEATY answered:
This property , 423 Foothill Road, Bridgewater, NJ, was withdrawn (pulled out of the market), on 6/11/2010, and was put back on the market (listed again), the same day (?), actulally it is under contract (pending) since 6/25/2010 closing on 8/16/2010. This information obtained from the GSMLS report.

Thank you,

Justa Leaty
ERA Reed Realty, Inc.
Realtor Associate
SFR Certified
(908)917-2957 cell
(908) 769-0011 Office
justa.leaty@erareed.com
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0 votes 1 answer Share Flag
Sun Mar 31, 2013
Annie Becker answered:
Hi Pam,

I've recently looked at this question in my market of Newport RI and found that consistently over the last 2 years, the sale price vs. list price has averaged 93%. Note that the list price is the most recent list price and could have been lower than the initial asking price. An agent in your area can do similar research in the MLS and advise you on how to set the price of your home. These numbers are important because overpricing the house will end up with the seller likely getting less for their home than they would have if it was priced correctly and attractively from the beginning.

Best of luck,

Annie
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Sun Dec 11, 2011
Scott Godzyk answered:
The problem is there is no price set yet, if the appraisals and brokers price opinions have come back, it wonbt be a problem as tehy have something to base value on. If they do not have any idea of what the value is yet, they will most likely hold or return your offer until they do.

Depending on which company they are using for an asset management company is how quickly they will respond and if tehy will answer your offer prior to setting a price.

You shoudl accompany your offer with a brokers price opinion and a letter with any pictures explaining why you offered what you did and how you came up with your value. a list of repaors, quotes and estimates will help back up your offer.

As far as answering times, it depends on the company they are using, in most cases i hear within 24 hours, sometimes teh same day, but usually never more than 2-3 if it is a weekend or holiday.

good luck with your offer
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0 votes 1 answer Share Flag
Sun Oct 17, 2010
Debra (Debbie) Rose answered:
Hi Levi
I think Morristown might be a town to consider - perhaps parts of Parsippany, too..........these choices may put you in the 30 min commute range in either direction. Of course, at rush hour that 30 min. might turn into 45 for one or both of you. The distance is about 19-20 miles from Morristown to Newark and Bridgewater.

Another option is Springfield - it is closer to Newark (about 10 miles), and 19 miles to Bridgewater. Your price range could work there, as well.

There are other towns in the vicinity of these towns that might work, too...........this is just to get you started!

Good luck..........
Please feel free to check out some links on my website for more information on towns in NJ........if I can be of help, please let me know.

All the best,
Debbie Rose
Prudential NJ Properties
email: Debbie.Rose@PrudentialNewjersey.com
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0 votes 22 answers Share Flag
Mon Jun 28, 2010
answered:
I am not sure how many people are really rushing to buy a home who haven't been looking around. I think those that will rush to go to contract are the ones who have been looking around, possibly either bidding too low, or not wanting to pay the price that is being asked, hoping prices will come down. Because the market has begun to stabilize, they are not seeing the price reduction they are hoping for. They now realize that it is time to make the offer to make sure they are in contract by that time.
On the other hand, maybe they are someone who was working on their credit, or hoping for a bonus so they could buy something, maybe even getting their tax refund. Yes, this is the most important transaction of their lives, but that is up until this point. I think that many young couples don't realize that their first house doesn't have to be their "dream house". And, that $8000 can come in pretty handy.
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Thu Jan 17, 2013
Jennifer Blanchard answered:
Hello Amr, I think you can claim the house as yours and make the corrections. Good Luck! Jennifer
0 votes 5 answers Share Flag
Fri Jan 8, 2010
Jeanne Feenick answered:
Hi Bella, I'm sorry to hear that you have lost your job. Without a lease signed by both parties, I believe you should be ok, but as with any legal matter you should consult with an attorney.

Good luck to you,
Jeanne Feenick
Unwavering Commitment to Service
Search the MLS at www.feenick.com
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0 votes 10 answers Share Flag
Sun May 9, 2010
Sean Dawes answered:
Festivus,

Best bet is to plug in both addresses in google maps here http://maps.google.com/maps?hl=en&tab=wl

you can select by car or public transportation to find an answer




Sean Dawes
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0 votes 7 answers Share Flag
Wed Aug 19, 2009
Bonnie Fitzgerald answered:
Every mortgage company has different programs, with varied costs involved. Your best bet is to check with a couple of companies and compare programs, rates,fees, etc.
If you are working with a Realtor, he/she can help you determine the best options for you, and may be able to recommend someone companies they have worked with in the past.
Good luck in your house hunt!
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0 votes 4 answers Share Flag
Fri Aug 1, 2014
Jeanne Feenick answered:
Mike, I'm ready and with all of my listings sold or under contract I have the capacity to dedicate myself to selling or renting your condo. Please contact me today, I am available to meet right away and suggest we get you listed immediately. As I previously advised, first time buyers are extremely active now as they feverishly work towards finding and closing on their purchase in time to qualify for the Federal Tax Credit. The availability timing of your condo and the price point wil make you most desirable to this buyer pool, but with deals taking 60 days to close, we want to get moving. And yes, I will list your condo for both sale and rent.

You can reach me via Trulia or email me directly at www.feenick.com - better yet, call my cell 908-337-0943. I will also feature your home in my TruliaPro ad which in just the last 30 days alone has reached 19,000 searchers on Trulia.

I'm attaching a link to a summary of my approach - I have an article I'd like to send you as well - provide your email and I'll send it along, or better yet, I can hand deliver when we meet - published in the current addition of NJ Realtor it speaks to the importance of online marketing and features three agents including me, and I am the only Somerset County agent in the bunch. No one will do more for you in this area and rest assured that it is in additon to, not at the expense of all of the traditional marketing that I will deliver.

My approach: http://jeannefeenick.weichertagentpages.com/Content/Content.aspx?ContentID=433078

Look forward to hearing from you.

Best,
Jeannie Feenick
"Unwavering Commitment to Service"
Somerset County Expert
Weichert Realtors - Warren Office
Cell 908-337-0943
Search and connect at www.feenick.com
NJAR Circle of Excellence 2007, 2008
Weichert Executive Club (Top 5% of Weichert agents)
Weichert Million Dollar Sales & Marketed Clubs
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Mon Jul 6, 2009
Donna Haigh answered:
Yes there is a pre-foreclosure at 18 Bond Street in Bridgewater. Give me a call and I will explain the process to you...it's too much to go into through email.

Donna Haigh
Realtor

908-227-8990 (cell)
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Thu Nov 13, 2014
Lynn Dicton answered:
Mike, I've had both rentals and sales in Finderne Heights in the past year. A recent 2 Bedroom 1 1/2 bath sale went for $165,500. There were 2 recent rentals of 2 bedroom 1 bath units, renting for $1190 and $1250. If you have good tenants and you don't have to sell, I'd say hold on to them for now. If you have questions call me on 908-400-6060. ... more
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Tue Apr 27, 2010
Beth Rosener answered:
If you have verbally accepted, no you do not have to proceed. However, if you have a written contract, you will need to know what that contract says about performance...so check it carefully! ... more
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