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Home Buying in New Brunswick : Real Estate Advice

  • All76
  • Local Info10
  • Home Buying28
  • Home Selling4
  • Market Conditions5

Activity 22
Thu Oct 25, 2012
Andrew Tisellano answered:
The role of your agent should be to guide you in the purchase process, show you other options, show comparable sales, give you advice on available services.
0 votes 5 answers Share Flag
Sun Oct 14, 2012
Don Tepper answered:
No, it doesn't mean that it's been sold. Then it would be listed as "Sold" or "Under Contract."

What it means is that it was listed and then, for some reason, the owner decided he/she didn't want it listed. Maybe they changed their minds about selling. Maybe--as you suggest--they decided to make repairs or rehab it, and then put it back on the market. Maybe they withdrew the listing during the winter, when they figured not many people would be interested. In short, there are a lot of reasons why it could be off the market.

If you're interested in such a house, go ahead and contact a Realtor. Your Realtor would then contact the listing agent and determine what's going on. And the bottom line is: Unless the owners absolutely decided not to sell, you can go ahead and make an offer . . . even on a property that's off the market.

Hope that helps.
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0 votes 4 answers Share Flag
Sat Feb 11, 2012
Steven Ford answered:
Typically there is a window to challenge assessed values on homes/condos every year. Contact the local county tax assessor's office and they can tel you the protocol.

Good Luck
0 votes 3 answers Share Flag
Mon Jan 30, 2012
Annette Lawrence answered:
Is the home occupied?
Yes - do your contract estimate concurrent with inspection.
No - you already have access. Your agent is able to get you in. Be advised, if you break-it you buy it.

Note: if you are not a licensed and insured contracter, it is unlikely a homeowner would want you on the roof, in the attic and opening the electrical box. They can be held liable for your mis-steps.

Your NJ real estate professional will be able to advise on the common practices in your state.
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0 votes 7 answers Share Flag
Thu Jun 7, 2012
John Sacktig answered:
Unknown -

The prices will be a little negotiable in your favor in the current market. Impact on 1 Spring St prices?

I know New Brunswick very well, Spring Street, The Heldrich, Hiram Square.. from top to bottom and know the buildings , pricing, sales and rentals... I have done them all. Spring St has already taken a huge hit overall in pricing when compared to the initial sale prices when this building went up. ( we can discuss details of what is going on privately) So, impact.. Not much.. it has already been done. The fees are what you need to look at.. quality of construction, parking and potential taxes.. Tax abatement at the Vue?

I think you would be better served to have an agent on your side to help make an informed decision.
A Realtor will not cost you anything, and you will to lose anything as you will not get a discount if you do not have one! Continue your due diligence.

Call or Email.

John Sacktig
Broker / Manager
Orange Key realty
Direct: 732-213-1409
JSacktig@orangekeyrealty.com
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0 votes 2 answers Share Flag
Fri Aug 30, 2013
Patric Santo Pietro answered:
Hello Lei,
Multifamily will usually give you the best return in your case for these reasons:
- The cash flow will be better and your vacancy risk will be less since you're not relying on only one rent stream.
- I suspect college students are more likely to live in groups than on their own which makes a one-bedroom less attractive.
- Multifamily properties usually have lower rent rates in comparison to single-unit condos and college students are all about lower rent rates.
- Tenants in single family rentals stay longer and decrease your turnover costs but this is no advantage to you since renting to college students leads to high turnover rates no matter what your property is.

Check out multifamily properties available for sale here: http://search.pspreal.com/i/9425/New_Brunswick_Multifamily

Patric Santo Pietro
Prudential New Jersey Properties
732-570-5442
patric@pspreal.com
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0 votes 5 answers Share Flag
Mon Apr 10, 2017
Laura Feghali answered:
Hello Infosphere,
I don't believe that you can obtain a Certificate of Occupancy if you do not own the home. The seller would have to do this before closing.

I suggest that you inquire with a real estate attorney on how to proceed as they can advise you best.

Good luck!

Laura Feghali
Prudential Connecticut Realty
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0 votes 11 answers Share Flag
Sun Jun 12, 2011
answered:
It depends on what the terms are on your HELOC, how much you plan on borrowing, and how long you plan on repaying it. Right now my guess is your HELOC rate is pretty darn low, however in time it will increase (usually along with the general trend of mortgage interest rates) and so refinancing at that point could result in a higher fixed rate then than you would be able to secure now. However if you are only talking about a small amount of money, then a gradual increase in interest rate on the HELOC may not result in paying more interest than you would have otherwise if you took out a regular mortgage and converted it's closing costs to interest charges.

Further, some HELOC's do not permit them to be used to acquire new real estate, you would need to consult with your HELOC's terms & conditions, or contact it's lender, to confirm if there are any prohibited uses for the HELOC funds. The reason why some HELOC's do not permit it is because in the past they have been used for the down payment, and then the remaining is financed on a mortgage, and when taking the new mortgage payment into consideration they no longer would have qualified for the HELOC. Your situation is a bit difference - because you aren't looking to use the HELOC as a down payment & take out more debt, you are just looking to finance it all on the HELOC.

Bottom line is you'll need to check the terms of your HELOC to see if it allows you to purchase new real estate with it, as well as compare the closing costs & carrying costs of financing it on the HELOC vs. if you took out a traditional mortgage.
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0 votes 2 answers Share Flag
Mon Dec 13, 2010
Dave Griswold/ Lisa Payne-Griswold answered:
Hi Rohit, Walking distance is tough in a condo. Remember the closer you are to a popular place the more expensive and less amenities it is. There are some great places near by. We';re not saying that there isn't any available, we're just saying you may do better in say Somerset,piscataway which is just a few mins. drive from Rutgers. Keep your options open.

All the Best
Dave & Lisa
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0 votes 5 answers Share Flag
Sat Jan 30, 2010
Pamela El-Ghoul answered:
Hello,
Some places to check are the newpaper, weichert.com, and realtor.com. Lastly Fran, if you connect with a realotr in that area, they will send emails to you based on your home buying needs and assist you with your search.
Good Luck to you!
Pamela El-Ghoul
Weichert Realtors
732-577-0440
... more
0 votes 9 answers Share Flag
Sun Jun 21, 2009
Sloane Weinstein answered:
Good morning Jade

As I provide you with a little info ..I have a few questions ...I see you are a home buyer in New Brunswick ..are you looking to stay in New Brunswick but want a home with land. There is an area of New Brunswick that is on the border of East Brunswick that is a deveopment with homes. It is no connected to Downtown...Is that something that would interest you. Or are you looking to get far away from New Brunswick.

What are you looking to spend and how many bed/baths are you in need of...Are you interested in any style of home...

Contact me with the info below Email sloane.weinstein@century21.com or Call me at (732) 995-4289

Thank you for your time ....Interested in finding you your perfect home.

Sloane Weinstein
Century 21 Worden & Green
Realtor Associate

Direct 732-995-4289
Email sloane.weinstein
... more
0 votes 1 answer Share Flag
Thu Jan 29, 2009
Jeanne Feenick answered:
Hi Eric, I am a certified relocation agent with Weichert. I have worked with clients before that have requested me and their firm and mine have worked out the details.

Bridgewater is the community that came to mind given your parameters - Raritan is just across Vanderveer and may also have possibilities - feeds into the same high school. The Vanderveer area has many advantages - newer homes, proximity to transporation and highways, and also shopping with the Bridgewater Common Mall close by and also Home Depot, Expo and my favorite Wegman's (fantastic grocery store), along with restaurants.

Another possibility may be Green Brook -feeds into Watchung Hills High School along with Warren, Watchung and Long Hill - which are pricier options for the most part. I think we can find options for you in these communities.

East Brunswick has good schools as well and I've sold homes there too.

Eric, if you'd like to explore the possibilities with me, please contact me and provide your email. You can find me online at www.feenick.com Click on the testimonial section to read what clients have had to say about their experience working with me.

I'd be honored to help you....

Best,
Jeannie Feenick
Search and connect at http://www.feenick.com

My suggestion is to spend some time in each of these communities to gauge which feels most like home.
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0 votes 5 answers Share Flag
Thu Feb 12, 2009
John Sacktig answered:
Hi Primatannya,

It depends on the location, I have a listing at One Spring Street that I have up for rent and sale... I am getting a lot of activity on the rental end.. the bottom has dropped out of the sale side of the building, but there is interest. I sold two units at Hiram Square, both were 2400 sq ft townhomes.. and they were sold pretty quick ( 90 days) .

Give me a location and I can give you comps in the area. Some of the new construction is moving also, but I think the builder still has units left.. so the competition would be with them.

Again, give me a better idea of what area / development in New Brunswick and I can give you better information.


Call, emial.. and we can discuss.

John Sacktig
Broker / Manager
Orange Key Realty
732-863-6969 office

732-213-1409 - Direct

JSacktig@orangekyrealty.com
... more
0 votes 3 answers Share Flag
Tue Dec 16, 2008
Marc Paolella answered:
Hi Primatanya,

Your agent will not be able to do a good job for you if he does not have Hudson County MLS access and geographical competence in that area.

If you decide to look in that area, you will need a new agent. You can either have your existing agent refer someone in that area or find one yourself.

But the bottom line is, if you choose a new area to live where your current agent does not provide service, that agent is out.

You are under no obligation to that agent if you decide that Hudson County is where you want to live.

Good luck!

-Marc
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0 votes 4 answers Share Flag
Sat Dec 6, 2008
Jillian Mason answered:
Call a mortgage consultant regarding FHA approved association. I recommend Tom Foley of Wells Fargo at 732-565-4814. I'd also do more research beforehand and visit the area during the day, at night, during the weekday, and on weekends. Look at the surrounding area as well and check sites such as city data for crime statistics. Best of luck! ... more
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Mon Aug 17, 2009
Jillian Mason answered:
Hi David. If you would like to call me and discuss price range and other requirements, I would be more than happy to work with you.
0 votes 6 answers Share Flag
Fri Sep 5, 2008
Joan Prout answered:
It's never fun to be sued, even if you win eventually. You (and your friend) could have saved yourselves a lot of heartache if you had signed a buyer agency contract with your REALTOR before she went on vacation, and if you had identified yourself as a client of that REALTOR when you visited the open house. If you had entered the public open house, handed the agent your friend's card and said, "My agent is on vacation. Here is her card. May I view the house?" The agent would have either honored the relationship or asked you to come back when your agent was back.

We often work with our friends, and, sometimes, we get a little lax with the paperwork because we know and trust each other, but, you can't expect others to know about our relationships. (That agent at the open house couldn't know you had an agent unless you told him.)

In NJ, you have a right to be represented by your own agent. If you have a buyer agency contract and your agent writes the successful contract on the house and follows the deal through to closing, she will be entitled to at least part of the "buyer side" commission. She may have to compensate the other agent in some way, though.

This problem will be worked out by the REALTORS after the closing (there is no commission to dispute until the property has sold.)

What YOU can do is ask your agent for some of her business cards and recommend her to other buyers. That way you will also be able to go into an open house confident that YOU can disclose that you are represented and her commission will be protected.

Joan Prout, MBA
Broker Associate
RE/MAX Villa REALTORS
Jersey City, NJ
mailto:Joan@JoanProut.com
800-671-0596x1
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0 votes 10 answers Share Flag
Wed Jan 14, 2009
Kenneth Verbeyst answered:
What is your question (s)
Mortgage industry is in constant state of change. Prices are falling and rates rising.
0 votes 3 answers Share Flag
Mon Dec 7, 2009
ReMax Country answered:
Hello Inna,
Townhome or Condo are both good investments. Piscataway is a good area and is only minutes to Rutgers campus. You will find in your price range more condo's available then townhomes. Here's a list of communities with available listings. Society Hill older townhomes. Maple Grove, Maple Woods newer condo's . Commons, Cantebury, ... more
0 votes 23 answers Share Flag
Mon Jul 28, 2008
Cheng answered:
Society Hill Piscataway http://societyhillatpiscataway.blogspot.com/ right next to Rutgers University would be one of the best condo/townhouse community for you. It has nice swimming pool, tennis court, and many neighbors are either Rutgers Univ students or professors; you would find it very comfortable living there.

361 LANCASTER CT http://maps.google.com/maps?f=d&hl=en&geocode=&saddr=new+brunswick+station&daddr=361+Lancaster+Ct,+Piscataway,+NJ+08854,+USA&sll=40.530138,-74.458159&sspn=0.010519,0.022295&ie=UTF8&z=14 2br 2ba condo just sold under attorney review while listed at $212,000.
... more
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