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Home Buying in 08837 : Real Estate Advice

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  • Local Info8
  • Home Buying16
  • Home Selling1
  • Market Conditions0

Activity 15
Tue Apr 23, 2013
Vishal Maher Cell 732-277-9321 answered:
Dear Nitin,

Edison Glen Terrace is a good buy. Certainly close to Route 1. Has good potential to rent as well. As long as the unit is in well kep and well maintained condition, you as a Landlord will have less hastle with your tenants.
There are other areas besides Edison where you could get a better return on your investment. You will also get younger and well kept homes with the same price range.
Furthermore, there are several things you can do after you buy the condo for less hastle such as get a worry free plan from PSE&G. This is bought by the landlord or the tenant.
As a loan office, always remember you will need a minimum of 25% down to buy an investment property.
For any questions, whether real estate or mortgage, feel free to contact me.

Vishal.
... more
0 votes 6 answers Share Flag
Thu May 24, 2012
Asha Dave answered:
you can try Marget in edison
www.northedisonhouses.com
0 votes 1 answer Share Flag
Sun May 6, 2012
Poonacha U Bollera answered:
You have some very good answers here. There is no guarantee that just because you do not have termite now, you will not have termites later.
0 votes 7 answers Share Flag
Tue May 3, 2011
Nanda Joshi answered:
Hello Robert,

Feel free to contact Rich Simpson of Simpson Waastu Builders on 908 872 6521.
We build all over central NJ. He will be happy to answer your questions.

Nanda
0 votes 2 answers Share Flag
Fri Apr 22, 2011
Marc Paolella answered:
This is why it is a good idea to have an agent representing you even when you are buying new construction. If anyone else is considering buying a new home, contact an agent to represent you before going into any sales office. You want someone looking out for your interests. The builder's agents represent the builder, you should have someone representing you.

-Marc

Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors
201 Route 10 East
Succasunna, NJ 07876
Phone (direct): (973) 584-4235
Coolest map-based home search: www.marcpaolella.com
... more
0 votes 12 answers Share Flag
Wed May 5, 2010
Jeffrey Halpern answered:
Do you like the house? Is it at a price you are happy with? Does it fit your lifestyle? Then buy the house.
It is an easy cure at a cost between 1-2k. Well worht the years of enjoyment ever after. ... more
0 votes 10 answers Share Flag
Wed May 5, 2010
Vishal Maher Cell 732-277-9321 answered:
Dear John,

Currently in North Edison Area, there are a total of 8 Split level homes available in the market.
The lowest priced is at $455,000 and highest one is for $624,999.
You can search properties on your own at www.vishalmaher.com
For more information, Please feel free to contact me at my Cell# 732-277-9321.

Thanks,
Vishal Maher
Richa Realty
Cell# 732-277-9321.
... more
0 votes 5 answers Share Flag
Mon Feb 22, 2010
Vishal Maher Cell 732-277-9321 answered:
Hello Interested Buyer,

There is currently one townhome- 1 year old with 3 bedrms, full basement, 1 car garage with lots of upgrades including Granite counter tops, Stainless steel appliances etc,. with asking price of $450k.
If interested, Please contact me at my Cell# 732-277-9321 with any questions.
You can also check properties at my website at www.vishalmaher.shutterfly.com


Thanks,
Vishal Maher
Richa Realty
Cell# 732-277-9321
... more
0 votes 65 answers Share Flag
Mon Jan 18, 2010
Francesca Patrizio answered:
Mary,

There are other criteria to the tax credit than those discussed here. You also need to consider the price of the house you intend to purchase (cannot be above $800k), you and your spouses current income, etc. Here is the most comprehnsive link I have found to date that answers ooodles of questions regarding the tax credit.

http://www.federalhousingtaxcredit.com/faq2.php

Love and Peace,
Francesca Patrizio, Realtor, ePro, SRES
Francesca@PatrizioRE.com
... more
0 votes 11 answers Share Flag
Tue Dec 1, 2009
Vishal Maher Cell 732-277-9321 answered:
Dear Jiminey,

The section where Wilk Road is located; is called as " HEIGHTS".

For any additional information, contact me at my cell# 732-277-9321. Our office is based in Edison under 08837 zip code.

Vishal Maher
Richa Realty
... more
0 votes 1 answer Share Flag
Sat Jan 31, 2009
Sak answered:
Since I don't know your specifics, let's make some reasonable assumptions and calculate...

Assumptions:

1. Price of condo 200K
2. Tax = 3600/year
3. Mortgage Interest rate : 5%

4. Income you would get if you invest your home equity in other safe investment 5%
5. Insurance 1200/year
6. Maintenance fee 1200/year
7. Repairs 1200/year
8. apartment is rented for 2 years on an average and stays vacant for month after every 2 years for restoration
9. Cost of restoring 1200 every 2 years
10. you spend approximately 40 hours/year managing this apartment and that is worth 30/hour
11. your tax bracket 30%
12. you get rent of 1200/month

so following are approximate yearly income and expense calculations...

Income:

Rent = 14400
Tax saving = 7000 (approx deduction for mortgage interest and depreciation and other expenses)
Total Income : 21400

Expenses:

Interest part of your Mortgage Payment + Income you would have got from investing the home equity in bank deposit = 12000

Property Tax =3600

Insurance payment =1200

Monthly maintenance fee =1200

Repairs =1200

Cost of restoring the apartment after each lease term = 600/year

Cost of days apartment will stay vacant until you can rent again = 600/year

Your wages for time you will spend in managing this property = 1200

Total Expenses: 21400

Profit = Total Income - Total Expenses = 0


So it looks like it is 0 sum game as long as market value of your property does not change.
If it goes up, that will be your profit, if it goes down, that will be your loss.
In current environment you are more likely to make loss than profit.
... more
0 votes 2 answers Share Flag
Mon Jun 16, 2008
Victor Kaminski answered:
Roy, did you have a bad experience?

"I am amazed that not a single RE agent talks about how builders get low prices home to market. "
- Please clarify this statement, if there's a question in there I'd be happy to give me 2 cents.

You have to take builders quality and construction on a case by case basis, not all builders are good builders no matter what the price of the home is or where it's located.

What do you consider an "exciting floor plan"?
- Taste and Quality can be subjective depending who you're talking to.

Real Estate agents only have detailed information about homes they list, they can get you more information about the homes if you ask them to and are not working with 10 different agents....

Rule of thumb, if you don't show any loyalty or look like your planning on buying with the agent which is showing you homes, don't expect that agent to go out of their way to get you more info...

http://www.MarivicRealty.com
http://www.realrep.com/
http://www.homes.com/Agent/4243382/victorkaminski
http://www.trulia.com/voices/profile/Real_Estate_Pro-Edison-244708/
http://www.city-data.com/forum/members/victorkaminski-211209.html
... more
0 votes 8 answers Share Flag
Fri Mar 7, 2008
Deborah Madey answered:
I have seen 3 tests on the same property deliver results with great variation. If one of the tests delivered a high radon result, I would suggest remediation. The cost of a remediation system is nominal when weighed against the risk factors associated w/ radon.

The link will provide you more info about radon
Homebuyers guide to radon
http://www.epa.gov/radon/pubs/hmbyguid.html

General info on radon
http://www.epa.gov/radon/

Map of NJ and radon
http://www.epa.gov/radon/zonemap/newjersey.htm

Even if the seller retests.....will you still seek remediation? The best way for you to make that deicsion is to learn a bit more about radon.
... more
0 votes 6 answers Share Flag
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