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Home Buying in Ocean City : Real Estate Advice

  • All189
  • Local Info13
  • Home Buying50
  • Home Selling9
  • Market Conditions6

Activity 38
Sat Apr 27, 2013
Leo Nicholl JR. answered:
That's a great question. I'm not quite sure why it was never rebuilt. I do know over the years many residents of the Southend have campaigned over the years to have it put back to its original conditon. It may actually be privately owned, but don't hold me to it... Hopefully someone can offer some more insight, I'm curious myself. ... more
0 votes 3 answers Share Flag
Fri Jan 18, 2013
Leo Nicholl JR. answered:
The Santa Barbara unit is not miles...it is just a few short blocks!!
0 votes 4 answers Share Flag
Tue Nov 27, 2012
Audeliz Angie Perez answered:
What's the reason for such a long settlement date? Is it because they have to sell a home before buying? Do they have a lease they must honor? If I was in your position, I would remind myself to remain level-leaded and find out why. Also, ask for a sizeable amount be held in escrow do that you have some reassurances that they will follow through with their commitment to buy.

I once had a buyer ask for 6 months and it worked out just fine.
... more
0 votes 12 answers Share Flag
Sat Nov 9, 2013
Laura Feghali answered:
Hello Joanne,
So sorry to hear about your home being flooded due to the superstorm. I would not recommend repairing the water damage yourself as mold can develop and be very toxic.

I suggest that you contact FEMA which is offering assistance to those whose homes were damaged or destroyed by the storm.

Here is their contact information:

By phone: Call 1-800-621-FEMA (3362). For those with speech or hearing disabilities, the number is 1-800-462-7585. These lines are open every day from 7am to 10pm.

Best wishes to you!

Laura Feghali
Prudential Connecticut Realty
... more
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Thu Nov 8, 2012
Eric Booth answered:
www.OCNJCARE.org 1-855-622-2730 is helping with any questions or assistance
0 votes 1 answer Share Flag
Wed Oct 24, 2012
Edward ( Augie ) Augsberger answered:
Are the utilities seperate? If not the would need to be. At least the electric and gas. The sewer and water can be a common expense to the 2 units.

To break the 2 units down to 2 condos you would need to get an attorney to get you a set of condo docs drawn up, figure a budget for the building and divide the expenses based on the square footage of each unit. You will need to get a surveyor to identify what % each unit is of the building. He will identify common and limited common elements to the building . These items will be inserted into the condo docs.

If you need a local attorney, let me know.

Edward ( Augie ) Augsberger
WEICHERT COASTAL
CAPE MAY COUNTY
609-338-1189
609-523-1112
... more
0 votes 10 answers Share Flag
Tue Mar 18, 2014
Joan Farrell answered:
Dmitriy,
Part of the due diligence in considering the purchase of any condo is to obtain the type of information you are asking about. In fact, the standard agreement of sale provides for review of condo budgets, special assessments, and the general fiscal health of the association. In Ocean City, many condos are part of a duplex where there are only two units and generally no condo fees but simple splitting of costs. If you are interested in a particular condo complex, I would be happy to work with you to help you get the information you need to understand all of the financial implications of such a purchase.

Joan Farrell
Monihan Realty
Ocean City NJ
800-255-1311 office
609-517-7644 cell
joan@monihan.com
... more
0 votes 7 answers Share Flag
Sun Jul 10, 2016
Andrew Tisellano answered:
Jersey Shore without a doubt. Jersey shore has limited land. When economy comes back rentals and prices will double and triple again.
0 votes 9 answers Share Flag
Thu Aug 23, 2012
Alison Hillman answered:
Hey Joanie-

Which condo are you referring to? Do you have a listing you can show us so that we can help you?

Thanks,
Ali, Community manager
0 votes 2 answers Share Flag
Thu Aug 23, 2012
Jim Olive answered:
As with many things, Helen, it all depends! Did the deal fall through for one of the reasons that the contract was contingent on? For example, if you had an inspection contingency, got the inspection results, found that there was a flaw you were unwilling to deal with, you can break the contract and get your deposit back. Similarly, if you could not get a loan on the property (whether it was due to your credit or a low appraisal of the house) and you had a financing contingency in the contract, you are released and the deposit is returned. If the deal fell through, however, because you just got cold feet, then you risk losing the deposit. Best of luck...Jim ... more
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Fri Oct 12, 2012
Leo Nicholl JR. answered:
0 votes 5 answers Share Flag
Sat Aug 11, 2012
Tim Moore answered:
Good luck with it, then keeping them all happy and agreeable and it will not be easy. Co-ops or fractional ownership or that stuff is tough because everyone must agree. You might be better finding a time share which is about the same thing. ... more
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Tue Dec 24, 2013
Debra (Debbie) Rose answered:
In northern NJ we routinely use attorneys to handle our closings.

Other areas in the state - southern NJ is one - use the Title Companies - check with your agent to see what he or she recommends.

Best wishes..........
... more
0 votes 16 answers Share Flag
Mon Jul 23, 2012
Michael Rayno answered:
The property in quextion is a short sale, owner owes more than it is worth.
It is in a very old building and has no off street parking.
Hope this helps you
Mike Rayno
Prudential Fox & Roach Realtors
mjr@ocnj.com
... more
0 votes 3 answers Share Flag
Fri Sep 7, 2012
Rick Adams answered:
It is always easier to use a local lender , no matter where you are buying. A lender who is experienced with lending in a specific area already has the answers to many of the questions that could arise, making the process much smoother for you, and them, to complete the processing of the loan.

Rick Adams, REMAX at the Shore
3301 Bay Avenue , Suite B
609-398-7100...Cell 609-602-0684
www.radamsteam.remax-nj.com
richardadams@remax.net
... more
0 votes 5 answers Share Flag
Fri Sep 7, 2012
Nicole Presnall answered:
Karen, I am the listing agent on this property and would be happy into answer all your questions on this unit. 609-827-3119 if you have a momet to talk? Thanks! Nicole Presnall
0 votes 3 answers Share Flag
Mon Mar 26, 2012
Michelle Mitchell answered:
John,
A home inspetion is always a good idea. You just never know what you will find.
Ask your Realtor to recommend one.
Michelle
0 votes 14 answers Share Flag
Thu Apr 26, 2012
Nicole Presnall answered:
Our MLS system allows us to enter new listings and changes live so it constantly updates. You can register on our website at www.thepresnallgroup.com and put in a narrowed down criteria and it will email you everyday when a new or reduced listing hits that is a match, rather than getting bombarded with info that is not relative to you. Our customers love it because they sign in whenever the want and the info is there for them at their convenience as well as we give our clients a heads up on any new listings out of our office before they go in the MLS. If your schedule is crazy we can register you through a simple phone call at your convenience. Please feel free to check out our testimonials and qualifications, we would be happy to be your choice Realtor at the shore! ... more
0 votes 9 answers Share Flag
Thu Apr 26, 2012
Robert Bond answered:
Erin
I would be happy to send you daily updates for Ocean City. Please feel free to either call me 609-289-2916 or email me robertbond@verizon.net.
Thank You
Robert Bond
RE/MAX of Ocean City ... more
0 votes 18 answers Share Flag
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