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Market Conditions in Jersey City : Real Estate Advice

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  • Local Info94
  • Home Buying318
  • Home Selling25
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Activity 39
Mon Apr 8, 2013
Edith Karoline Jasser answered:
NOt sure I even understand your question...
Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE 
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties ---- EdithSellsHomes@gmail.com
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)
... more
0 votes 1 answer Share Flag
Fri May 24, 2013
Marsha Bowen Washington answered:
Real estate agents are not allowed to answer those questions, however a good resource to find out about neighborhoods is www.crimereports.com.
0 votes 2 answers Share Flag
Mon Feb 4, 2013
Michael Personette answered:
Contact me via email - we Sponsor school. You can go to two school in the area.

Mrp@grouptwentysix.com

We are located in Edgewater and tenafly .We sponsor school if qualified.
0 votes 3 answers Share Flag
Mon Feb 11, 2013
Debra (Debbie) Rose answered:
This isn't NYC, so residential rentals, for an agent, are not as lucrative.

If you're going to become a residential Realtor in NJ - imo - go into sales.

Best wishes.....
0 votes 4 answers Share Flag
Mon Feb 4, 2013
Jeanne Feenick answered:
Brokerages will vary on the "split" they pay agents. Your best bet is to speak to a number of brokerages and ask them to explain what your split will be when you begin and what it will take to improve upon that split. Also ask about any other expenses you may incur.

As a new agent, training will be very important so be sure to ask about training resources and mentoring as you learn the business.

I would be happy to speak to you about my own experience - I have been with two brokerages - the first a very traditional brokerage and now Keller Williams.

Good luck and best,
Jeanne Feenick
... more
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Tue Jan 8, 2013
De Vonte Williamson answered:
Hello. I get asked this question a lot regarding particular neighborhoods. You should check out the crime statistics with the local police department. Additionally, consider driving around the neighborhood during different hours of the day and night and talking to residents. Who better to ask then those who live there? Realtors cannot comment on the desirability of an area. I always advise my clients who are looking to relocate to a new neighborhood, to complete their own due diligence.

I hope this answered your question! If you have any further questions, please feel free to contact me by the ways below.


Wishing you all the best,

De Vonte Williamson , LSA
Proudly Serving Long Island
Coldwell Banker Residential
(631)384-3695
http://cbmoves.com/DeVonte.Williamson
http://devontesellsny.wordpress.com/
http://www.facebook.com/ISellNY
DeVonte.Williamson@cbmoves.com
"I Stand Behind Getting You Results!"
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Sat Nov 3, 2012
Diane Maxon answered:
It appears that this apartment is no longer available for sale, but is for rent only. If you are interested in purchasing, I can see if that would still be a possibility. Parking is available for $150 per month. ... more
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Tue Sep 4, 2012
David Leonard answered:
I own a two-family in the Heights near Ravine and Palisade. It's a nice area and seems to be gentrifying well. My advice is the Heights vs Union City. 6% - 8% COC return is common, with GRMs around 8 to be had. I've been investing for years and it is likely my next investment is up in the Heights area again. Will be happy to answer any further questions you may have and flesh out what I've said.

Best,
David Leonard
Weichert Realtors
273 Grove St, Jersey City
(718) 915-2855 (cell)
(201) 333-4443 (office)
... more
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Sun Jul 15, 2012
answered:
Please contact me at 9734414454
0 votes 2 answers Share Flag
Wed Jul 11, 2012
Laquita Baez answered:
Do you have a specific question you would like answered?
0 votes 2 answers Share Flag
Tue Sep 18, 2012
Gertrud Borchardt answered:
I am making offers right now. I think in the downtown area of Jersey City and in Hoboken we are past the bottom of the market. Already we see multiple offers and shorter time on market. Interest rates are still very low and prices are still very reasonable. I do believe that we are moving in the direction of a seller's market in prime locations. Hope that helps you in your decision making process! Good luck! ... more
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Sun Dec 19, 2010
Nader Rezai answered:
Between $20 & $25 sq'.
call me for details.

Call me direct at 201-736-5713
Nader

Nader Rezai/Realtor
Weichert Realtors, 273 Grove Street Jersey City, New Jersey 07302
o. 201-333-7012 x. 200
f. 480-275-3558
nader@hudsongold.com
www.HudsonGold.com
Search the Hudson County MLS like a Pro.
... more
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Sun Jul 15, 2012
David Leonard answered:
To answer the foreclosure question: if the property is already foreclosed on, you won't save any money. The banks get a BPO on the property from three agents, they pick one, and that's the price. Rarely do they negotiate, and the property is at market value. If you're talking about a short sale, you'll need an excellent agent or you'll be six months into the process and not get a house. The longer you wait, the more it will cost you. Look for an agent (like me!) who has the SFR designation (Short Sale & Foreclosure Resource). Two bedrooms are more popular for renters, and are better for resale - stick with those. You should look for something with a GRM under 12. I've been an investor for years, and trust me, stay away from GRMs of 16 and above. Although cash on cash return isn't the point of most rentals, you should still shoot for 4%, and all positive cash flow. Allow for 5% vacancy. And buy now in Jersey City, because by 2015 you won't be able to afford it. Questions? Give me a call - I've been at this a long time. Just not tonight. I have two dozen clients and I'm taking the night off after an exhausting day. Normally I answer the phone from 9am to 9pm 7 days per week.

David Leonard
Weichert Realtors
718-915-2855

dave@davidleonard.biz
... more
0 votes 10 answers Share Flag
Sat Oct 30, 2010
Ben S. answered:
What is the reason you are looking for the records? If it is for the purposes of valuation (an appraisal) you should be able to find the listing agent for these sales. From there, you may be able to obtain some of the public information. While I am not certain that this will be possible, it may be a good starting point if the information is needed right away.

Alternatively, you can call the county offices and ask them how long it takes to record purchase loan transactions. From there you should be able to set your timeline.

Hope this helps,

Ben
... more
0 votes 8 answers Share Flag
Fri Jun 25, 2010
Anna M Brocco answered:
It's always a good time to buy when you are ready and need to buy--today's interest rates are very appealing and who knows where they will be tomorrow--as for the future--unfortunately, none of us can answer with certainty as to where the market will head tomorrow or down the road. ... more
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Thu May 27, 2010
Karina Abad answered:
Hi Sonja. The answer to this question depends on many variables. What size lot? How many bedrooms? Does it have parking? Is it move in condition? Finished basement? Etc etc..
Yes you can rent out a property you own, how much will depend on the same factors I mention above.

If you'd like to reach me with any other questions and can be a little more specific, I'd be happy to help you.

Karina Anillo
RE/MAX Gold Coast Realty
... more
0 votes 7 answers Share Flag
Fri Oct 19, 2012
Walter Burns answered:
Franny,

It's impossible to tell what the outlook for the downtown Jersey City real estate market will be for spring 2011. Downtown Jersey City still has a large amount of supply in it with both re-sale and new construction. Several of the Crescent Court condos in the Village section are still available for sale. To give you an idea of the downtown Jersey City condo market, here are the sales stats from March 2010. I will have April's stats out next week once the month ends.

http://blog.livingonthehudson.com/2010/04/11/jersey-city-condo-update-march-2010/

Without seeing your condo and comparing it to other units that are available, under contract, and recently sold it is hard to say what the unit is worth today. I'll be happy to speak with you further if you wish. You can reach me at 201-694-8946.

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
201-694-8946 Mobile
www.livingonthehudson.com
... more
0 votes 11 answers Share Flag
Tue Jan 26, 2010
David Leonard answered:
How much is high?

It's all negotiable, and actually via the MLS we can't really find out what the average comission on the deal is, as the MLS only lists the buyer's agent side of the transaction. Just to yourself a favor and don't sign any agreements for 4%. If you're dealing with an agent like that, probably two things will happen: 1) they're so bad at negotiating and showing value, that when they're negotiating with your money they will really give it away freely, 2) the buyer's agent payout will probalby be so low that many agents won't even bother showing your property. Fewer showings, fewer offers, longer on the market, the less you get for your house.

If I can be of further help, please contact me, and best of luck to you in selling your house!

David Leonard
Real Estate Specialist, SFR
Weichert Realtors
273 Grove St.
Jersey City, NJ 07302
(201) 333-4443 (office)
(718) 915-2855 (cell)
DAVIDLEONARD@ME.COM
... more
0 votes 14 answers Share Flag
Wed Oct 14, 2009
Walter Burns answered:
M,

It all depends on the size of the unit, # of bedrooms/baths, and location within the building. For example, the price per sq.ft. of a studio is going to be different than a 2 bedroom within the same building. Also, condos with views of New York are going to have a different price per sq.ft. of units without a view.

Feel free to email me at the email address below with the details of the home you are looking to compare and I'll be happy to send you accurate information for the condo buildings you mentioned.

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
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Tue Jan 26, 2010
Kitsap answered:
barring a good smack upside the head...

Walk thrus on similar homes for sale, under contract or recently sold in their neighborhood and info on how long those have been/were on the market compared to listing price vs. sale price. ... more
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