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Newark : Real Estate Advice

  • All316
  • Local Info32
  • Home Buying126
  • Home Selling15
  • Market Conditions10

Activity 242
Thu Jul 26, 2012
Jamell Alcantara asked:
Thu Jul 5, 2012
Wayne Odenbrett answered:
A CO is required everywhere in NJ. At least, they want to be sure there is a working CO Detector, Smoke Detectors and Fire Extinguisher. It is the owners responsibility to make sure this is performed.

Some towns do a more extensive inspection. To find out more, give town hall a call.
They are alwyas very helpful.
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Tue Jun 26, 2012
Barbara Anson asked:
I am a Broker at Barbara Anson Realty & Assoc. They would like to see this property and what is the selling price.
Barbara Anson
PH. 941-737-7059 Cell Office 941-322-1661
0 votes 0 Answers Share Flag
Sun Jun 16, 2013
Alex Kushnir answered:
Your CO will has its expiration date. In case you need short extension (1-2 months), some township will extend its expiration date for a small fee ($25 in my case). Call your township Building Dept for up to date information ... more
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Wed Jun 13, 2012
Laquita Baez answered:
Hi Candace, the mls is currently showing about 6 homes available in Newark in your price range that
are not short sales. Feel free to contact me directly for more info. Thanks

Laquita Baez
Weichert Realtors
474 Morris Ave Summit, NJ 07109
Office: 908-277-1200
Direct: 973-687-7095
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Thu Jul 25, 2013
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed, you can however try blogging about the property; if and when you do list with an agent, he/she can post it for you, ask; or consider any flat fee realty company that feeds into the site. ... more
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Wed Jun 27, 2012
Orin "Jay" Mingo answered:
Tue May 15, 2012
Marsha Bowen Washington answered:
Hi Richard,

If you want assurance that a condo complex will accept FHA, you should have your mortgage rep check for you. I believe they have access to a database which lists the condo communities that are FHA compliant.

Best,
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Sat May 5, 2012
Ibrahim Hughes answered:
Hi. The primary difference is that with a 'stand alone' house like a ranch, colonial, victorian etc you own the house, the land and everything in between (including the airspace - down to the plumbing). With a townhouse/condo (both referred to as 'condominums' in legal terms you own the 4 walls and everything in between. With the rest of the property you are in a sort of a 'co-op' situation where you share ownership with the other condo owners. There are also other issues/concerns to take note of when buying a condo vs house such as HOA (home owner association) fees and condo rules. There are more details involved but those are the primary differences in my professional opinion.

And condominium complexes do differ in pet policies. Society Hill in Newark does allow pets while the Pointe in Union (if I'm not mistaken) does not.
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Thu May 10, 2012
LookingtoBuy answered:
Crime crawls over all areas of Newark. Your best bet is to check out the area during the day and at night., especially since it's getting warm. You can't live in fear, but if you don't feel safe in the area, its best not to be there.

Hope this helps!
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Mon Dec 24, 2012
Kyle Poskitt answered:
Please call to discuss your needs. We have many 3 & 4 BR apartments
Rickey D. Cooper. ILoveClosinf4U
973.493.7347
0 votes 2 answers Share Flag
Wed Aug 7, 2013
Claudia Borges answered:
Dear Jessic,

At the moment, there are no 3 bedrooms apartments in the Ironbound Section on the market. I will keep checking for you and I will notify you as soon as something shows up on the market.

Thank you,
Claudia Borges
CAPY Realty
Cell#908-414-6811
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0 votes 1 answer Share Flag
Tue Apr 10, 2012
Garry Edwards answered:
Fay,
It is my understanding that the landlord can increase your security deposit under certain restrictions. I base this on the following:

"Limit on amount of deposit
The most a landlord can collect as a security deposit is one and one-half times the monthly rent. Cite: N.J.S.A. 46:8-21.2. There are no exceptions to this limit. Sometimes a landlord will try to collect more security money from a tenant at the time the landlord raises the tenant’s rent, in order to have the security keep pace with the rent increase. The law now says that the most additional security money that a landlord can get in any one year is 10 percent of the current deposit. Cite: N.J.S.A. 46:8-21.2."

But your question refers to senior public housing. My suggestion we be to confer with a legal service or attorney to get a definitive answer.

Garry Edwards
Exit Realty Lucky Associates
973 493-0204
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0 votes 1 answer Share Flag
Sat Mar 31, 2012
Ibrahim Hughes answered:
Hi. First let me suggest that you speak with an attorney regarding matters such as this. I am not an attorney.

Second, I'm sorry for your loss. Did your Mother leave a will? Was she a resident of Essex county? Assuming the answers to my questions are no and yes respectively you will want to go down to the Essex county Surrogate's office on MLK Blvd in downtown Newark and probate your Mom's estate via administration.

But again this is best done by an attorney as a lot will depend on how the deed to the house reads, what debts(if any) are attached to the estate and whether or not there are other heirs involved. If there are, are you guys in agreement with you taking over the house (and thus the estate)?

Lots to discuss here. Feel free contact me and we can talk further.
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0 votes 6 answers Share Flag
Wed May 30, 2012
Ibrahim Hughes answered:
Hi. As a realtor and investor who works and volunteers in Newark (among other towns and cities) I can honestly opine that the city is poised for continued growth in its future. Particularly, in "attractive" areas like Downtown, the Ironbound and Ivy Hill. Newark's taxes are relatively low and the city is currently undergoing impressive revitalization placing it on the national (perhaps even global) radar of Investors, artists and philanthropists. Surely you've heard of Mark Zuckerberg's $100 million gift to Newark schools, NJPAC, the Prudential Center, the new Marriott Courtyard hotel being built downtown and the recently announced $120 million Teacher's Village.

Combine that with the opinions of several market analysts who believe that many markets have bottomed out and the real estate market in general is starting to rebound.

While there are no guarantees about Newark's or any other market's future, I would say that in my opinion certain parts of Newark are a good bet for your money. Of course that still means that you have to crunch your numbers and buy right.

If you require any assistance with investigating Newark further for a possible investment or home purchase, feel free to contact me. I'd be more than happy to help:

Ibrahim S. Hughes
Rock Realtors
Realtor Associate
4 Bloomfield Avenue
Bloomfield, NJ 07003
Tel: (908) 578-1981
Fax:(908) 320-7997
Email: ihughes1970@gmail.com
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Tue Feb 28, 2012
Keiyaniah Byron asked:
Mon Feb 27, 2012
Garry Edwards answered:
The inconvenience to your tenets can keep to a minimum by keeping informed of what is happening with the sale and having an agreement that they will be noticed in advance (usually 24 hours) of any showing.

Me and my brokerage have been very active in North Newark area. Please contact me if I can be of any assistance.

Garry Edwards
Exit Realty Lucky Associates
973 493-0204
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0 votes 6 answers Share Flag
Mon Feb 20, 2012
Ed Beck answered:
Email me. edb@americanrealtyservicesgroup.com

Edward A. Beck
Foreclosure Specialist/Realtor® Associate
American Realty Services Group, Inc.
25 Route 22 East Suite 220
Springfield, NJ 07081
Phone: 973-258-0888
Fax: 973-258-0761
Cell: 201-725-5224
edb@americanrealtyservicesgroup.com
www.americanrealtyreo.com
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