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Williamstown : Real Estate Advice

  • All61
  • Local Info4
  • Home Buying20
  • Home Selling5
  • Market Conditions0

Activity 36
Mon May 10, 2010
Tobby Fried answered:
Hi There,

No signs are allowed on the property. It is still available if you are interested. 773 505-7468.

Tobby

Whatever you "checked" that said off market does not pertain to this unit. There have been recent closings in the building. ... more
0 votes 6 answers Share Flag
Wed Nov 2, 2011
Richard Lecinski answered:
Sounds like you already have a lawyer talk with him first. I would think if you have a contract, not just a offer, then the seller is bound by that contrat.
0 votes 7 answers Share Flag
Fri Feb 19, 2010
Anna M Brocco answered:
If you redo the countertops it may not match the rest of your kitchen--instead consider the basic cosmetics first for the entire house--fresh coat of paint if needed, neat, clean, clutter free, remove or reposition any bulky furniture, sparkling clean foors, remove old carpets if applicable, etc. and don't forget about the exterior curb appeal--remember to price your property on target for today's market. ... more
0 votes 15 answers Share Flag
Tue May 12, 2009
Tim Ambrose answered:
Hi Brenda,

Not knowing much about the area or the condition of the homes, I'd say you are on the right track based on the comps you mentioned. Hire a local realtor to look into the situation and have him/her represent you and submit an offer. You might find you can offer less than the 240k.

Hope this helps.
... more
0 votes 3 answers Share Flag
Mon Oct 31, 2011
Laura Giannotta answered:
Hi Brenda, I guess you're talking about financing. Does the home need alot of work, can a Certificate of Occupancy (CO) be obtained without a great expence? If so you could go for a traditional mortgage, they require a CO. If you go for VA, FHA, or USDA loans their inspections are more in depth and might require more dollars.

Speak to a mortgage rep, speak to several. There are a number of programs that might be available to you that are specific to your location and situation.

Laura Giannotta
Keller Williams Atlantic Shore
... more
0 votes 3 answers Share Flag
Mon Oct 31, 2011
Dawn Bricker answered:
Most banks will not work with you or even negotiate in regards to a contingency offer. Your best bet would be to develop a plan B and see if you can purchase without selling your existing property. Possibly negotiate a settlement date out a little further than normal, that would also give you some time to sell you current property.
hope this help

follow my @ twitter.com/dawnbricker
... more
0 votes 5 answers Share Flag
Sat May 9, 2009
Kimberly "KIM" Wojcik answered:
Good moring Brenda,

Suggestions regarding lowing taxes on any property, ask the township tax assessors office procedure of appealing property taxes. In my area, the property owner has the right to appeal the tax assessment which in turn may lower the taxes on a particular property. Our township has a link in the township webpage with forms and intsructions on how to appeal your tax assessment. Property owners can print out the forms, fil them in and back the information with comparable solds properties, submit the form to the township assessors office as well as the Ciunty by April 1 of the year. A few of my clients have done this in the past few years, they did succeed in lowering the assessment on thier homes, which in then lowere the property taxes. I do not know if all townships in New Jersey work the same way, but it is worth the phone call to the tax assessors office. You probably can get the phone number from the township website or directory assistance for the tax assessors in the township. Good luck. ... more
0 votes 5 answers Share Flag
Sat May 9, 2009
Chris Mabry SRS,e-PRO answered:
Brenda,
Chances are that if a home is a foreclosure then it will be listed for sale by a real estate agent hired to represent the bank and market the property. Unless you are attempting to buy the home at auction or trustees's sale. When buying a foreclosure listed by a Realtor, the process is pretty much the same as a regular sale, with a few exceptions. The bank is the seller. Communication with the will probably take a little longer. You may be competing with other buyers who are going after the "great deal". Also, the sale is very likely to be "as-is, where-is" meaning the bank offers no warranty, disclosures or guarantees on condition. What you see is what you get. A thourough home inspection by a qualified inspector is very important. A For Sale By Owner is likley to be much different than a sale involving agents. Neither the buyer or seller will have professional representation, meaning a lot of liability. Also, you will be responsible for negotiating directly with the seller, researching all neighborhood info, comps, etc. etc. A local real estate agent is a very valuable asset to assist you. Many agents can still represent you on a FSBO, but their compensation has to be negotiated. Sometimes the seller will even be willing to pay your agent for bringing you to the property. Depending on your state's laws, sometimes a title company can facilitate the sale. They can handle all of the neccessary paperwork for a fee. Sometimes you will need a real estate attorney. Consult a local real estate professional or a title company in your area to have them answer these questions for you. But keep in mind, a Realtor is a very valuable asset to help guide you through the process. Good luck! ... more
0 votes 3 answers Share Flag
Mon May 11, 2009
Laura Giannotta answered:
The simple answer is yes. I've had offers accepted on foreclosure properties that were nearly $20,000 under asking. What you need is a comparative market analysis to determine the value of the property.

Laura Giannotta
Keller Williams Atlantic Shore
... more
0 votes 7 answers Share Flag
Sun May 3, 2009
Paul Howard answered:
An 'average' percent off is of no value even if you knew it. It would be very reckless to discuss the amount of an offer with respect to the asking price before knowing quite a lot about:
the house and the condition.
The comparable sold homes prices
the comparable homes asking prices
the activity in the area
the price history of the home
the experience of the listing agent
any information obtainable about the situation of the seller
and possibly much more.

A 'rule of thumb' will lose you money.

Paul Howard, Broker
NJHomeBuyer.com Realty
Cherry Hill
856-488-8444

Member: National Association of Exclusive Buyer Agents
http://www.naeba.org
... more
0 votes 6 answers Share Flag
Fri Jun 19, 2009
Camille Miller answered:
Sun Apr 12, 2009
Larry Sarlo answered:
A trend analysis from a realtor is best. You can do some of this yourself online thru Zillow or Trulia but they are not so efficent. so be careful. You can get a good idea just from solds in the area. But a trend analysis is almost science. Nothing forecasts the future economic.

Are you working with a realtor?


Larry Sarlo
Weichert Realtors Turnersville
609-868-1171
www.lsarlo@comcast.net
... more
0 votes 2 answers Share Flag
Tue Mar 3, 2009
Gregory Bain answered:
Gee, that bad credit thing is just going to kill you. In my opiniion you can only find a rental with option to buy at this point. The $10,000 would work only if you had good credit. You may seek a for sale by owner that is willing to negotiate the terms, but I would advise against it. Why not save the 10 grand and continue to save for a while and repair the credit? If it is damaged because of medical - sometimes that can be overlooked, but if you owe money - you have got to pay it off. If the bad credit is from bankruptcy or previous poor billing payments then you fix it one day at a time. If you have a hard time finding a rental you can sweeten the pot by putting up more as pre-paid rent. Don't be in a hurry - this too shall pass. ... more
0 votes 8 answers Share Flag
Tue Oct 21, 2008
Paul Howard answered:
I'm curious about why you would think there is anything wrong with them auctioning the property. Even if you offered what they were asking they didn't sign a contract with you so what legal issue are you asking about? ... more
0 votes 7 answers Share Flag
Wed Nov 19, 2008
Gina Chirico answered:
Dannie,

I'm assuming since you are looking to rent your property - you own another home to live in? I'm not sure what your carrying costs are for the house (if you still have a mortgage, taxes, etc.) and if so, will you be able to recoup your carrying costs from the rental income? If yes, then it may be a good idea.

I'm not familiar with the current rental prices in your area nor am I familiar with the Gloucester market. You should contact an agent in your area (some agents may also respond to this post) to find out the rental prices. Again, you should consider listing it for rent with an agent. I'm not sure how rentals are handled in your county but in North Jersey it is typical that the renter pay the broker fee thus causing the landlord not to incur any fees to list a rental. Hopefully an agent in your area will shed some light on that issue.

If you do not rent it? What will you do - list it for sale? You can list it for both rent and sale and should it rent before it's sold - withdraw it from the sale market.

Good luck.

Gina Chirico
Prudential NJ Properties
973-715-1158 cell
973-239-7700 ext 132
GinaChirico@PruNewJersey.com
... more
0 votes 8 answers Share Flag
Mon Oct 31, 2011
terryriw53 answered:
Caleb,

You didn't mention price or the details of the house, so I will presume you are referring to a 3 to 4 bedroom house in Williamstown (Monroe Twp). On an average, in the past 6 months those type of houses have either pending sales or settled in about 80 days. Of course this is affected by many factors besides price (the average price of the houses that sold in about those 80 days was approx $120,000) are condition and location, just to name a few key ones.
If you have any additional questions, please don't hesitate to give me a call because I do specialize in Williamstown (inlcuding other areas of lower Gloucester and Camden Counties).
... more
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