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Scotch Plains : Real Estate Advice

  • All43
  • Local Info10
  • Home Buying18
  • Home Selling1
  • Market Conditions1

Activity 20
Mon Sep 29, 2014
Matthew Simone answered:
Tue Apr 2, 2013
Tressa "TERI" Malone answered:
Very insightful questions. First, property taxes are not changed when a house is sold. Reassessment is generally done if/when the county demands it. The primary factors affecting the assessed value of a property are:
* square footage of finished spaces
* number of bath fixtures
* Lot size
* number of garage spaces, and whether attached or detached
* amenities such as decks, centrally air

One more thing: because home sale prices dived significantly over the past 6 years, many homeowners have successfully appealed their taxes.

Hope this helps
Teri Malone, Weichert Realtors
732-423-2792 cell
Teri@Westfield-Area-Homes.com
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Wed Dec 11, 2013
Tressa "TERI" Malone answered:
Scotch Plains is a great community with good schools and many community-based activities. My previous buyers rave about the Y's activities as well as those sponsored by the JCC.

Properties on the "north" side of Scotch Plains -- closer to Watchung Reservation--, tend to be less expensive primarily because (a) property lot sizes are often smaller and (b) if they are north of Rt 22, they are further from the train station and the "downtown business" area.

As for Elementary Schools in SP, the two that are ranked the best are Coles and McGinn, both of which are on the south side. That said, however, those on the north side are also considered good schools.

If you are not already working with a Realtor, I am happy to offer my services. There is no charge to buyers, and I will be able to help you find the best home for you at the most reasonable price. I can also offer you alternatives in terms of towns, depending on your price range.

You may contact me directly on 732-423-2792 (text or phone), or via my email: terimalone@optimum.net.

Teri Malone, Weichert Realtors
732-423-2792
terimalone@optimum.net
... more
0 votes 9 answers Share Flag
Sun Feb 26, 2012
Mike Criscitiello answered:
As an agent and long time resident of scotch plains myself the answer to your question is yes. Actually scotch plains has a pretty decent size asian population. The demographics of the town are as follows.

White alone - 17,774 (77.9%)
Black alone - 1,825 (8.0%)
Asian alone - 1,795 (7.9%)
Hispanic - 1,229 (5.4%)
Two or more races - 183 (0.8%)
American alone - 9 (0.04%)
Native Hawaiian and Other Pacific Islander alone - 6 (0.03%)
Hope this helps call me if you have any questions.

Read more: http://www.city-data.com/city/Scotch-Plains-New-Jersey.html#ixzz1nTyEU6bM
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0 votes 1 answer Share Flag
Sat Aug 5, 2017
Alain Picard answered:
If you really want the property you should give your best offer because when the bank asks for the best and final offer they are about to make a decision on who's offer they are going to accept. A lot of times there is more then one party interested in the property and there are multiple offers. ... more
0 votes 16 answers Share Flag
Sun Feb 19, 2012
Ron Thomas answered:
You should tell her; she hesitated, she lost.
Buyer's Agreements are not that common;
You seem to be honest and loyal; that is what we ask.
Good luck in your search.
0 votes 5 answers Share Flag
Sat Jan 21, 2012
Andrea Alummootil answered:
Hi Katb,

Most tenants will start 4/1 but if you like to do things in advance, you can start mid March. Most of the listings now are for Jan to end of Feb move ins.

Hope this helps you.

Andrea Alummootil
Liberty Realty LLC
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0 votes 6 answers Share Flag
Mon Aug 15, 2011
Lyle Wolf answered:
To get the answer to a "legal" question you need to ask a local attorney.Your homeowner's insurance might also be affected so you need to check with your insurance person. Proceed carefully with an attorney's advice and counsel. ... more
0 votes 5 answers Share Flag
Wed Mar 2, 2011
Tara L. Dieringer answered:
If you only have two bureaus reporting a score, then any mortgage lender will use the lower of the two scores as your mid-score. Some mortgage loan programs and/or mortgage lenders require a borrower to have all 3 bureaus reporting a score in order to originate a loan. Not ALL programs and/or lenders require this, but some do.

Creditors don't have to report to all three credit bureaus, so they typically report to the credit bureau (or bureaus) to which they also subscribe. You can try asking your creditors to report your account information and monthly payment history to a credit-reporting agency. Not all will do that. So, in the future, before opening a new account, ask if your on-time payments will be reported monthly to all 3 credit bureaus.

Hope this helps! Best of luck to you!
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0 votes 4 answers Share Flag
Tue Nov 16, 2010
Jennifer Blanchard answered:
Take the train from Westfield or the bus - NJ Transit has service through Scotch Plains -- from Mountain Avenue to Port Authority Bus Terminal.
0 votes 1 answer Share Flag
Wed Jun 23, 2010
Hal Benz answered:
HI PJ,

I'm not sure what you're referring to by an "x" property. That said, how much is the surveyor charging? The truth about flood zones is that they can be a moving target. The big insurance companies have gotten hammered with claims in recent years, so they often change their coverage requirements. I've seen lots of situations lately where the requirements changed during the current owner's possession. So while he didn't need flood insurance, the next guy would. I even had a situation where the lender suddenly required flood insurance for a condo on the 7th floor of the building!

It's also possible that this has nothing to to with flood insurance at all. Do they want to do an addition? The location of the creek could have an impact on what they could and couldn't do, so the survey could be important (although they should have known this earlier in the game!)

It all comes down to your motivation to sell. The Scotch Plains market has slowed. New reports came out today showing that nationally, pending home sales are down...WAY down! So if you have a solid buyer at the table, and the cost of this survey isn't too crazy, you might want to consider it. Maybe you could share the cost?

There is probably nothing in your contract that would obligate you to offer anything. But your buyer might be able to get out if the deal if there was suddenly flood insurance required that they didn't expect. (I'm not a lawyer. I suggest you call yours to discuss). But keep in mind that it's almost July. The next buyer could be a long way off.

You never want to "win the battle and lose the war"...
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Sat Apr 10, 2010
Pat & Steve Pribisko answered:
Retain a Buyer's Agent. The Buyer's Agent protects your interests, yet the Seller (in this case a bank) pays the commission. So, you have all of the important assistance you need free of charge. ... more
0 votes 5 answers Share Flag
Mon Mar 8, 2010
Marilyn Holda-Fleck answered:
NJ Transit has bus service through Scotch Plains -- Bus #114
goes along Mountain Avenue to Port Authority Bus Terminal.

I'd be happy to assist you in finding a home in Scotch Plains
that is a short distance from bus route -- there are several currently
on the market in different price ranges.

Marilyn Holda-Fleck
Prudential New Jersey Properties
Cell: 908-456-0779
mholdafleck@comcast.net
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0 votes 2 answers Share Flag
Mon Jan 4, 2010
Melissa Jenkins answered:
Hi Veronica,

I just did a search in the system and have found quite a few rentals in the Fanwood/Scotch Plains area. l can e-mail them to you if you would like. I can narrow the search by the type of rental you are looking for (mulitiple family, single home rental, apartment, etc.). Please send me your e-mail address and I'll forward them over.

Thank you.

Melissa Jenkins
Sales Associate
Keller Williams Cornerstone Realty
Office: 908-359-0893
Cell: 908-642-2222
E-mail: jenkinsmelissa@comcast.net
Web Site: http://melissajenkins.yourkwagent.com
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0 votes 7 answers Share Flag
Fri Feb 22, 2013
Ivonne Nadal answered:
Hi Richard,
Since there are many homes on the market for sale, some of these homes are also listed for rent. Although not many are advertised with a rent/buy option, this is still something that you should explore. If you're working with a local agent, I would suggest that you have your agent explore this option for you. There maybe some sellers in your area, that would consider this option. Best of luck !
Ivonne
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0 votes 3 answers Share Flag
Wed Jul 29, 2009
Erik Farber answered:
Hello there,

I would suggest speaking with several agents to see who is the most responsive, the most knowledgeable and....bottom-line....who you feel most comfortable with. Some agents are more tech savvy than others. Some are not very tech-savvy, but have years and years of experience which can also be valuable, obviously. During the course of a real estate transaction, whether selling or buying, you will spend a great deal of time with your agent and in communication with them. Make certain it is someone you feel you can trust. To that end...I happen to live in Scotch Plains myself and list and sell a lot of homes in the area. I invite you to take a look at my website, and if you would like to further discuss your search, please feel free to contact me.

Warm regards,

Erik Farber
Weichert Realtors
emfarber@gmail.com
Cell: (973) 420-1156
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0 votes 10 answers Share Flag
Wed Apr 29, 2009
Jeanne Feenick answered:
Hi Siva, Scotch Plains is a desirable community for commuters - you've got the Fanwood and Westfield Train Stations near by, and the very desirable Westfield downtown as well for dining, shopping, and cultural events in general -- a very hot urban suburban spot.

I'm working with buyers now in Scotch Plains and we are finding the well priced (ie, realistically priced) homes that stand out among competing inventory are moving very quickly so aware as you are looking. As for this specific area, I suggest you judge for yourself - drive it at various times of day - generally I'd say Scotch Plains in a general sense if all good, but some areas will likely appeal to you more than others. Price will also reflect location.

Don't hesitate to reach out to me directly Siva - I'd be honored to assist you!

Best,
Jeannie Feenick
Search and connect at www.feenick.com
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Sun Mar 22, 2009
Gina Suriano Barber answered:
Raj, Is the home a Bilevel? This particular style of home does not have a basement. If this is the case, I don't think it will affect resale value. However, if the home is a different style that typically has a basement, it may be an issue. Most homes in Scotch Plains do have basements, so if you are one of the few without one, you just need to make sure you account for that in your pricing when you are ready to sell. As far as a one way street, I don't really see that as a negative. In fact, some people may actually like that so there is more control over the traffic flow. Being close to a house of worship may be a negative for resale value, but it really depends on the hours of operation. If there is only activity there on the weekend, it may not be a huge issue. Also, does the home face the property, or do you see it from the backyard or side yard? This can make a difference on desireability. Overall, if the current price reflects your points of concern, you should be fine. Just make sure you are not overpaying for a property that may take a bit longer to sell down the road. ... more
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Wed Jun 10, 2009
Carolyn answered:
Not sure about the buses, but the parking situation at Fanwood isn't bad.
They re-sell parking passes every year, starting around October 1 or November 1 (not sure) for Fanwood residents only. About 2 weeks later, they open it up to Scotch Plains residents and everyone else. But I'm pretty sure there is always a good amount available for the Scotch Plains residents before they sell out.
You could potentially purchase one from someone who has it and doesn't need it by posting at the train station. I do believe they sell out every year, but it doesn't hurt to contact the Fanwood police station and they can give you more details. So, even if you don't have one for 2009, you can easily get one for 2010 just by purchasing one when they go on sale. And there is daily fee parking on the south side for $5 per day.
Other towns do have long wait lists. We once considered Westfield and their police station said it was a minimum of 3 years on a list just to get a permit at a lot blocks away from the train and about 5 - 7 years to get the lot at the station.
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Mon Feb 13, 2012
Deborah Madey answered:
County offices record the names of the buyer/seller, the sales price, lot and block, address, taxes, and mortgage/lien info.

You can get this online, but it takes time for the online sites to be udated.

if you need recent info, your best bet is a Realtor.
... more
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