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Wharton : Real Estate Advice

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  • Home Buying2
  • Home Selling1
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Activity 4
Thu Jun 7, 2012
Ian A. Wolf answered:
Well, only you can really decide where you want to live. Wharton is near the Rockaway Mall and it also has a small downtown. There is a train to NYC in Dover and there are many buses available as well. One site which may help you compare the areas is zipskinny.com. Stanhope also has bus to NY and Train is available in nearby Netcong. Stanhope is also around Lake Musconetcong which has great bass fishing and is a state park. There is a downtown in Netcong also. I grew up and reside in Rockaway Twp which is the same High School as Wharton(Morris Hills), and I do business and have listings in both towns, so if you contact me, I can give you more insight based on what you are looking for.

Hope that helps.
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Sat Aug 21, 2010
Ian A. Wolf answered:
It is possible to have your taxes lowered, and it is something that is best done with an attorney. I live in Rockaway, and know the area well in Wharton. I'd be happy to help you determine the feasibility of success by checking and making sure the comps exist to justify lower taxes. I can also refer you to the attorneys I know that do tax appeals often and can advise you of the process. Just email me, and I'll be happy to help you anyway I can. ... more
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Mon Mar 30, 2009
Vicky Chrisner answered:
I think you fall under last year. It it is a technicality worth talking to a tax accountant on.... but ultimately, this was an 08 purchase, and I suspect any acccountant would agree (but if you find out differently, will you let me know?)

Technically, the sale doesn't even need to be recorded to be legal. (I am not suggesting NOT recording it, there are lots of reasons why it should be recorded, but it doesn't affect the legality of the title transfer).

Find out now... but look at the bright side.... you can claim the interest points, etc. attributable to the purchase in 2008, which theoretically will get you a refund - now, not in a year. Having money today is always better than getting money tomorrow. Really, it's not a bad consulation prize.
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Fri Feb 27, 2009
Jeanne Feenick answered:
Hi Scott, if an attorney assisted you with your closing, he/she should be able to help you. Also, consult with an accountant because I've heard some comments that suggest that the $8,000 credit may work for Dec. '08 closings, but I am not certain of that. I've not seen that in writing, but I have heard it mentioned so it sure is worth investigating.

Best,
Jeanne Feenick
Search and connect at www.feenick.com
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