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Oakland : Real Estate Advice

  • All25
  • Local Info3
  • Home Buying8
  • Home Selling1
  • Market Conditions2

Activity 10
Fri Jan 25, 2013
Hugo W Meza answered:
Hello John,

No new homes in Oakland on the MLS. The only competition you might get are the few news ones in franklin lakes.

The highest sold in Oakland from my two MLS system is $ 867,500
The highest available in Oakland on my MLS is 1,200,000

i would be more than happy to give you a more detail analisys.

you can give me a call to 973-689-4667
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Sun Jul 22, 2012
Pat & Steve Pribisko answered:
Are you referring to a home that has had a fire or a house that is tainted by cigarette smoke?
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Wed Mar 7, 2012
Marsha Bowen Washington answered:
I am having some success with leads from my own company website, Coldwell Banker. I have yet to see much reaction from the social media outlets.
0 votes 11 answers Share Flag
Fri Feb 1, 2013
Peter J Rogers answered:
Oakland is a fine town Its the far west side of Bergen county but since rtes 287,208 and 202 straddle the town its pretty easy to get anywhere you want to go. Commuting is ok too. Express buses to NYC are available and its easy reach to the transport hubs on Rte 17 in Ramsey and on Rte 23 in Wayne.
Houses vary in price from a little over $300,000 to well over $1 million and many have nice size lots - more than most Bergen county towns.
School system is fine. The town is a member of the 3 town Ramapo Regional High school group ( the other 2 towns are Wyckoff and Franklin Lakes) Theoretically you can send your child to either Ramapo or Indian Hills High Schools but Indian Hills is actually right on the border of Oakland and Franklin Lakes so that is the logical choice. Both schools score very highly in test scores.
Town is one of the most open and rural of the Bergen county towns which attracts a lot of residents.
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Sun Jul 22, 2012
Peter J Rogers answered:
Its never too soon to start looking but don't get too excited because the last thing you want to do given current market conditions is to set your heart on buying a property before you have put your existing home up for sale.
Familiarise yourself with the area you want to move to and identify where you would like to buy.
Since house prices are so volatile at the moment you want to avoid comitting to either side of a buy/sell situation.
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Sat May 16, 2009
Peter J Rogers answered:
Well it depends on a lot of factors. How long has it been on the market? Has the owner lowered the price already? If so how many times? How does it stack up to comparable houses? Is it a short sale? Is it a foreclosure?
See what I mean without that info its hard to advise. Roughly speaking 10% or less might be a good start but you need a gooed realtor to get the info you need and advise you accordingly.
Regards
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Fri May 2, 2008
Marc Paolella answered:
Hi Andrea,

From Oakland you have 2 choices, drive yourself in or take the commuter bus from downtown. Driving in during the rush hour will take you about 75 minutes, and closer to 90 minutes to downtown. If you take the 8AM bus from Oakland, it will take an hour and a half to get to the Port Authority, then a 15-20 minute subway ride to downtown.

If you don't have to leave during the rush hour, you can knock 15-25 minutes off the drive. I would have to say that commuting from Oakland will be a bit of a grind.
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Sat Apr 26, 2008
Marc Paolella answered:
Probably 35 minutes, unless you hit heavy traffic. 15 minutes or so down 287 to Parsippany, then about 20 from there to West Caldwell.

Marc Paolella
Relocation Director
Licensed Realtor NJ
Licensed Appraiser NJ & NY
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235 (forwards to cell when mobile)
Phone (office): (973) 584-7580
Fax (973) 584-5092
e-mail: marc2000@verizon.net
text: 914-588-3787
web: http://www.marcpaolella.com
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Tue Mar 25, 2008
Melinda J. Robison answered:
Shar, this is a great question for an insurance agent. There are a lot of factors involved with insurance. For example, how much would the property cost to rebuild if the house was to burn down? Not too crazy if you are buying a new house, but some of these historical homes I have sold are almost double of what my buyers are purchasing the home for. That makes the rate kind of high.

The insurance agent will need to know square footage and all sorts of information that you usually can find right on the listing card that you get from your real estate agent. Year built etc. I highly suggest getting in contact with a few different insurance agents and see where you can get your best deal. Just be sure you are comparing apples to apples.

I hope this information helps! Best Wishes to you!
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Sun Mar 10, 2013
Betsie Taber answered:
I know this is not going to be a popular answer but I should warn you about any site that pretends to be accurate and up-to-date about foreclosures because they all rely on the same data that realtors have access to. Our MLS system just reformatted the information it provides about houses for sales to separate houses that are now in foreclosures. This is why a Realtor comes in very handy. There are many properties that are in foreclosures and that have not been yet made public. This is where contacts with banks might be another smart way to go.

The question you should ask yourself is "why do I want to look at foreclosures"? If it's where you think that all the great deals exist, you are mistaken. Foreclosures can be a huge headache. Ask you attorney about the redemption period? Ask anyone who has dealt with a Bank-owned property about the speed at which they (the banks) answer. Ask anyone in the banking system how they make decision about negotiating offers made on foreclosed properties? You'll be stunned.

Do yourself a favor. Consult an expert. And please don't rely on those fly-by-night operators that will promise the road to riches by investing in foreclosures after having invested a few thousand bucks in their infallible system. If they had such a great system, why would they share it with you? A system runs on its own.
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