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Home Buying in Jersey City : Real Estate Advice

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  • Local Info93
  • Home Buying317
  • Home Selling25
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Activity 299
Sun Jan 6, 2013
Martin Albalah answered:
it depends where and how many bed rooms and the building
Marty Albalah JADF 2014327000
0 votes 5 answers Share Flag
Sat Jul 7, 2012
Mark Finne answered:
I am. What would you like to know? Feel free to reach out at your convenience...I'm stepping out to show a couple of properties, but then, back in the office until about 7pm if you care to meet in person...
Best regards,

Mark
... more
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Sun Jun 10, 2012
Michele Messina answered:
Hello Chuck,

Jersey City is a terrific place for an investment property. There is a huge trend going on with people moving closer to NYC. If you would like to spend a little time on the phone we can discuss what type of investment would be a good fit for you. Please keep in mind that just because a property states it is bank owned or a short sale does not mean it is going to be the best investment. If your looking to purchase this type of property you want to be sure your dealing with agents that understand the necessary steps and pricing for such types of properties. I have closed on Short Sales in Jersey city and closing on a Bank Owned Property this week. Each transaction that I worked on I was sure to make sure the financials were in place before hand and put in plenty of time on research.

What type of home would you like to have during the week. Are you looking of a condo, townhome, residential property?

Do you like waterfront property?

Is outdoor space of importance to you...will you need parking for a car?

There is plenty of opportunity but it is important to talk about what is going to feel most comfortable for you.

Sounds like a wonderful lifestyle Jersey City during the week and Saratoga Springs on the weekends.

It would be my pleasure to help you... I started Real Estate in downtown Jersey City in 2005 worked on a great development with a team collectively selling 170 condo's in 2 years and now I've grown my business from Hudson to Bergen County.

I do have knowledge of investment properties have worked with developers and get to work with interesting people everyday and do what I love!

I look forward to hearing from you.

Warm Regards,
Michele Messina
Re/Max Villa Realtors
932 River Road
Edgewater, NJ 07020
office 201-886-2008 ext 342
or
Re/Max Villa Realtors
306 Grove Street
Jersey City, NJ 07302
office 201-946-2700
mobile201-970-6064
micheleamessina@gmail.com
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Thu Jun 14, 2012
Yvonne Parker answered:
Hi,
Yes I do. Please contact me, and I will give you his information plus two others! yparker@libertyrealestate.com. Glad to help!
0 votes 3 answers Share Flag
Thu May 31, 2012
Martin Albalah answered:
You can call me on my cell for details Marty 9734937786
0 votes 2 answers Share Flag
Tue Sep 17, 2013
jgifford answered:
I had a condo there about 10 years ago. As a single professional woman, I didn't have any problems with that building whatsoever. Not sure what the current prices are going for, but I loved the apartment and thought it was a nice place to live prior to buying a house. ... more
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Sat Jul 7, 2012
Linden Moe answered:
Hey HL,

Im originally from BK..and that market is on fire..

I sell in exchange and downtown jersey city now..
So Im admittedly a little biased..

Both areas have uber invetment potential..
However I give the edge to Downtown Jc and exchange place..

1 reason..commute to manhattan and the financial district
exchange place is ten minutes to the financial district by Path..

and with manhattan rapidly climbing back up in real estate values..
where do you think these young professionals will move?

Follow the money..
here are some units in Exchange and Downtown Jc......
you can buy a luxury waterfront unit for 399,000
and rent it for about $2500
or you can buy a brownstone closer to 299000
and rent it for about $2000

those are strong cash on cash return on investment..dont you think?
check these out..

http://www.gardenstatehomesearch.com/listings/areas/1801,1806/community/Downtown%20Jersey%20City/propertytype/CONDO/minprice/250000/maxprice/500000/beds/1/baths/1/
... more
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Sun Oct 7, 2012
Mark Finne answered:
Typically, yes, it's harder, but not necessarily more expensive. There's no such thing as an identical condo and co-op, though...Since one is ownership in real property, one is ownership of shares in a corporation...
Reach out to me directly if you wish, for a proper consultation. I have the experience in both New York and New Jersey.
Best regards,

Mark
... more
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Wed May 2, 2012
Suzanne MacDowell answered:
It kind of depends on a lot of factors. How far along are you in the process. If you are within the three day 'attorney review' period, then nothing. If you did a home inspection, and issues were brought forward that are so concerning to you that you no longer want the house, then probably nothing or very little. But, if you are just having buyers jitters, and you want out for no particular reason, then the consequences could be serious. You could lose your deposit. Or you could get sued. I hope you are using a realtor and an attorney. Talk to both of them about your particular situation to make sure you know exactly what the consequences will be in YOUR particular situation. ... more
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Wed May 2, 2012
Kevin Dowd answered:
Does your garden level property have private use of the backyard? For many buyers, they are willing to take a garden level apartment in exchange for a nice backyard. Is the back wall of the property below grade as well? If it's not, it may help the unit breathe and it will help to reduce dampness in the property. ... more
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Sun Oct 7, 2012
Tim Moore answered:
I would think as a first step you would need to speak to a lender that does 203K loans to be sure what you are wanting to do would qualify. 203K is a rehab loan and it sounds like you are looking for lots more than rehab. Lenders that do 203K have someone who knows the ins and outs of 203K loans and they usually have an approved list of contractors. I would talk with the lender in detail before you move out on your own. ... more
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Tue May 1, 2012
Victor Rezabala answered:
Sun Apr 22, 2012
Helen Cocuzza answered:
Are you working with an agent that is familiar with the short sale process? They should be able to explain but to briefly give you some info , the bank will take their time every step of the way, you will indeed get a home at a great price but you do have to be patient, there are 1000's of short sales , short sale offers & foreclosures being brought into to the banks every day & they are reviewed and given to lets call it a short sale committee that reviews your offer, the mortgage/cash any liens, tax pay offs, anything that has to get put into the amount of sale before they will agree upon settling for that offer . (which is why most short sales will take multiple offers/bids) . Im not too sure on the U & O agreement havent done that with any short sales and I have done tons of short sales (both sides of the table). but you should expect to wait anywhere from a couple of weeks to even 2/3 months for a response. Nothing you or your agent can do - its just the banks process unfortunately.

Good Luck !
... more
0 votes 6 answers Share Flag
Thu Apr 12, 2012
Eric Schatz answered:
One possible pro, depending on the situation, is that you have some control over the finishing touches on the property, so it can be customized for what you like when you move in.

An obvious con is that you can't see what the finished product looks like before you commit.

I would think that if it's a builder that has good reviews/recommendations, ie a builder that you trust, it's a solid option.
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Sun Sep 11, 2016
Anna M Brocco answered:
Depends, what is the view worth to you......
0 votes 4 answers Share Flag
Mon Jun 22, 2015
Victor Rezabala answered:
Now is the time to buy with Market prices slowly increasing. I work mainly with investors in the Hudson County area, if you want to talk and get the ball rolling, call or email anytime.
917.209.9391 - vrezabala@hotmail.com
... more
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Thu Apr 12, 2012
Kenneth Verbeyst answered:
I suggest you contact local housing authority. They are the ones with jurisdiction. (they may also consult with building inspectors there.
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Wed Mar 21, 2012
Scott Godzyk answered:
FIRST thing is there is no such thing as a fully approved short sale unless there is an offer that has been accepted by the bank as in price and terms and the seller has been approved to complete them. When it is said a seller is preapproved to complete a short sale they may give preliminary approval that what they submitted is ok biut it may not have been verified that they have a true hardship. The bank may agree to a price however without an offer that meets all guidelines, there can not be a full approval.

There is NO reason a seller to go at a short sale alone without a listing agent as the bank pays the commission. A short sale usually needs a great agent and a great attorney negotiating it to get approved, to get an approval alone without any help is very rare.
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Mon Mar 12, 2012
Tony answered:
The answer is no. Upfront Mortgage Insurance is actually added to the loan amount that you borrow. It isn't money that you would have to come to closing with. The big difference is the monthly MIP. You would have this added to your monthly payment where there usually isn't a monthly MIP payment with a Homepath mortgage.

Where you do save in closing costs is that Homepath usually doesn't require an appraisal and every other type of financing does.

Tony Nardini 732-740-4107
... more
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Wed Mar 14, 2012
David Leonard answered:
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