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Home Buying in Jersey City : Real Estate Advice

  • All1K
  • Local Info93
  • Home Buying312
  • Home Selling25
  • Market Conditions36

Activity 299
Sat Sep 10, 2011
Alex Kushnir answered:
you question is related to immigration, not real estate. you are better off checking with immigration attorney. the green card is administred by federal agency, not state, and assume that the same rules apply to every state. although, I doubt, you can get it by buying real estate for yourself. openning a business is a different story, AFAIK ... more
0 votes 3 answers Share Flag
Wed Apr 10, 2013
Demond McClellan answered:
Hi Mary,

You're correct. There are some very good deals in that area...the current homes on the market are running in the $200k range. Depending on the size of home you looking for and the current short sales and foreclosure inventory you could spend much less. Basically when you are ready to really start looking you need to decide what size home you want and what is a comfortable price you can afford. I would be happy to guide you through the necessary steps so that we can begin a very efficient search to find you perfect property.

Best regards,

... more
0 votes 2 answers Share Flag
Sat Nov 17, 2012
Shanna Rogers answered:
Hi Chris.brook,

Short Sales can take anywhere from 30 days to 6 months (or more).

Good luck!

Shanna Rogers
SR Realty
0 votes 3 answers Share Flag
Tue Aug 2, 2011
Diane Maxon answered:
I think the St Peter's-Lincoln Park area is still undervalued. THere are some very beautiful pre-war buildings with large apartments at really good prices. I actually live in the area and would be glad to show you what's available. ... more
0 votes 5 answers Share Flag
Mon Jul 25, 2011
Scott Godzyk answered:
Your best bet is to click on the profile of the listing agent for the listing, and email them direct. they may not see your post here in voices but would be happy to answer your questions if you send them a direct message, ... more
0 votes 1 answer Share Flag
Mon Jul 25, 2011
Scott Godzyk answered:
Tony the no money down loans right now are VA and therte is a USDA loan that is no money down, FHA is 3.5% down, there ar eno more no money down or 80/20 loans. Your bets bet is to meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if there are any mortgage that you may quailify for.

please see my blog for tips and advice on getting a mortgage
... more
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Thu Jun 15, 2017
Dorene Slavitz answered:
Dear Satees,
Realtor is a licensed profession. Without a Real Estate license,you cannot collect a commission, this is true in every state. If you have a buyers agent, your agent will represent you..but be paid by the seller. There is really no reason not to use an agent on your purchase. There are no pros to this idea..only cons. ... more
0 votes 32 answers Share Flag
Wed Jun 29, 2011
Shirley Stewart answered:
approximately $400 for residential home inspection
0 votes 8 answers Share Flag
Tue Jun 14, 2011
Diane Maxon answered:
Your best option is to contact the local police department and get crime statistics from them. Let me know if there is any other help I could give you in your home search.
Diane Maxon 201-780-6594 ... more
0 votes 3 answers Share Flag
Wed Jul 22, 2015
Fred Glick answered:
FHA allows 3.5% and conventional can be had with just 3% down (with a slightly higher rate, but the latest and greatest program is a conventional loan with 5% and no monthly mortgage insurance. That's the cheapest way to go.

FHA has an upfront mortgage insurance of 1% that is financed in and the monthly is based on an annualized premium of 1.15%....very expensive!

The other difference has to do with seller assist. Conventional with less than 10% down is 3% max but FHA is 6%.

But, if you can do the 5% down conventional, do it!

Any questions, please email me or call me at 877-282-5789.

... more
0 votes 12 answers Share Flag
Thu Jun 2, 2011
David Burnham answered:
6 months seems a little high, but it is common to pay extra maintenance fees for new construction. Every condo has to have an operating budget as well as reserves and since the reserves are very small at the start, most builders put in that you need to pay 2 months worth of condo fees into the reserves at closing.

It is possible the 6 months includes prepaying the current month plus the next month at closing. This is common as well. Then there is another 4 months for reserves, which is a little high.
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0 votes 7 answers Share Flag
Sun Jun 5, 2011
Diane Maxon answered:
I have lived in Jersey City for 30 years, the last 10 in the Lincoln Park area. Of course there are many factors to consider when you are determining what is a good investment. If you are not currently working with a real estate agent, please give me a call
Diane Maoxn
... more
0 votes 1 answer Share Flag
Thu Apr 21, 2011
Mike HassanPour, Esq. answered:
unfortunately many people are using acronyms that do not generally mehean anything in the industry. RR could be one of them. If the party means Rate of Return then you should just treat it as a return on investment or ROI. ROI represent the income generated by the cash investment in a project. You could also treat it as net return on cash investment, kin of like Capitalization Rate.
Capitalization rate is calculated by dividing Net Operating Income (NOI) by the price. Of course NOI is the gross income less taxes, maintenance, and insurance. Almost any cost other than financing cost will be deducted from gross income to arrive at NOI.

I hope I have answered you question.

Michael HassanPour
... more
0 votes 4 answers Share Flag
Thu Mar 31, 2011
Tim Moore answered:
Happens all the time. The only way to find out for sure is with a survey. MLS data can be entered wrong, tax data can be incorrect and errors do occur. Have your agent research the size with the resources they have available to them. ... more
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Mon Mar 28, 2011
Dallas Texas answered:
Locating a Realtor is easy, all is based on the amount of your purchase, and ROI

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
... more
0 votes 5 answers Share Flag
Mon Mar 28, 2011
Anna M Brocco answered:
Consider interviewing in person a few local agents, or as many as needed, from different realty companies, then choose the one you like best; ask about scheduling around your needs, who will choose the properties to be seen, can you expect updates on new listings and recently sold properties, and how often will communication occur, etc.; ask about current sales in your areas of interest, negotiating strategies, etc.; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.... ... more
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Sun Mar 31, 2013
Maigie Niemann answered:
It could be up to about 3% of the purchase price, don't forget your lawyers fee will cost about $1,000 approx.
Title search & title insurance, surcharge, misc. fee... it adds up. ... more
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Sun Feb 27, 2011
Chris Arnt asked:
0 votes 0 Answers Share Flag
Tue Feb 15, 2011
Dallas Texas answered:
Probably best for you and your buyers agent preview the entire area therefore you can actually determine and see for yourself answers to all your questions.

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
... more
0 votes 3 answers Share Flag
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