88A Whitehall Road | Pittstown NJ 08867

88A Whitehall Road, Pittstown NJ 08867 | Alexandria Twp, Hunterdon County
* FOR SALE – $257,000 *

Cul-De-Sac Building Lot  - 2.44 Acres with Pastoral Views. Foundation already built for a 4,175 sq ft / 4 Bedroom Colonial;  Price includes a full set of architectural drawings, initial building permits, a poured foundation set up as a “walk-out” basement and installed septic system.

Convenient to Interstate 78, the town of Clinton and village of Pittstown. Community it exempt from COAH contributions! Six additional homesites are also available as a separate purchase.

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Marketed By: The Hunterdon Realty Group | 908.782.0095 | Patricia Mortara – Broker Owner

88 Whitehall Road | Pittstown, NJ 08867

88 Whitehall Road, Pittstown NJ 08867 | Alexandria Twp, Hunterdon County
* FOR SALE – $750,000 *

SUBDIVISION with FINAL APPROVAL in Alexandria Township / Hunterdon County. SIX Building Lots from 1.75 to 3.75 Acres with Pastoral Views. Convenient to Interstate 78 and the Town of Clinton. Owner will Consider Joint Ventures. Exempt from all COAH contributions!

On-Site Improvements Include: Road Cut with Stone Base, Detention Basin Installed; Septic Systems Installed on Lot 5.01, and 5.02.  All Subdivision Engineering and Permits Completed.

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Click Here to View the MLS Listing Data

Marketed By: The Hunterdon Realty Group | 908.782.0095 | Patricia Mortara – Broker Owner

15 Stillwater Lane | Flemington, NJ 08822

15 Stillwater Lane, Flemington NJ 08822 | Raritan Twp, Hunterdon County

* SOLD *

Marketed By: The Hunterdon Realty Group | 908.782.0095 | Patricia Mortara – Broker Owner

 

Real Estate Commissions – You Get What You Pay For

Does it make sense to pay a full commission to your real estate agent in today’s market? Sellers, buyers and even agents are debating what should be charged to assist a consumer in completing a real estate transaction. Forget what the actual amount of the commission is. The bigger question is whether you should pay a ‘full fee’ when hiring a real estate expert to guide you through the complexities of today’s rapidly changing housing environment.

If a full fee was the rule in 2006 when completing a deal was so much simpler, why would you now consider cutting the fee of your agent in today’s tumultuous market? You are depending on this person to help you reach your goals in a sale or purchase. In 2006, buyers were willing to pay almost anything to a seller just to get into a home. Banking entities seemed to be willing to mortgage any property for any buyer. The process was rather simple.

Today, a person looking to buy or sell should be willing to pay a full fee for two reasons:

You need an expert guide if you are traveling a dangerous path!

The field of real estate is loaded with land mines. You need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a buyer willing to pay fair market value for your home at a time that there are mass inventories of foreclosures and short sales will take a true real estate professional. Finding reasonable financing can also be tricky in today’s lending environment.

Experts in any profession do not discount their fees; especially when the job is becoming much more difficult.

You need a skilled negotiator!

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible re-negotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.
When an agent is negotiating their commission with you, they are negotiating their own salary – the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family? If they were Clark Kent when negotiating with you, they will not turn into Superman when negotiating with the buyer or seller in your deal.

Bottom Line!

We believe that famous sayings become famous because they are true. You get what you pay for. Just like a good accountant or a good attorney, a good agent will save you money…not cost you money.

Compliments of THE KCM CREW | originally published on www.KCMblog.com

Purchasing a Home

When buying a home, it’s important to think carefully about your offering price—but also your offering terms. Most purchase offers define both. And in some cases, terms and conditions can represent thousands of dollars in additional value for buyers—or additional costs.

Terms may include inspections, requests for specific property repairs, or timing considerations, such as a conditional purchase clause (if, for example, you must first find a buyer for your current home).

DETERMINING A PRICE

Some buyers mistakenly believe there is a predetermined formula for offers—that offering prices should be X percent lower than the seller’s asking price or the amount they are really willing to pay.

In practice, your offer price actually depends more upon the basic laws of supply and demand. If many buyers are competing for homes, then sellers will likely get full-price offers and sometimes even more. If demand is weak, then offers below the asking price may be in order.

HOW TO MAKE AN OFFER

The process varies by state. In most cases, you complete an offer that your representative presents on your behalf. The owner, in turn, may accept the offer, reject it or make a counter-offer.

Because counter-offers are common (any change in terms can be considered a “counter-offer”), it’s important that you remain in close contact with your representative during the negotiation process so that any proposed changes can be quickly reviewed.

INSPECTIONS

Inspections are common in residential realty transactions. Depending on your needs and where you live, they may include:

  • mold inspections
  • “green” issues, including energy efficiency and eco-friendliness
  • surveys to determine boundaries
  • appraisals to determine value for lenders
  • title reviews
  • structural inspections
  • Structural inspections are particularly important. During these examinations, an inspector evaluates the property for any material physical defects and whether expensive repairs and replacements are likely to be required in the next few years.

For a single-family home, these inspections often require two or three hours. You should plan to attend too. This is an important opportunity to examine the property’s mechanics (plumbing, wiring, etc.) and structure, ask the inspector questions and learn far more about the property than is possible with an informal walk-through.

Compliments of Real Estate Buyer’s Agent Council of the National Association of REALTORS® - REBAC.net

Preparing for a Home Inspection

Everyone knows that a professional home inspection can uncover previously unknown problems, both major and minor, allowing issues to be addressed before the sale is complete. But by taking some important steps to prepare the property for inspection, homeowners can avoid some basic problems that might otherwise affect a clean inspection report.

Disclosures are a key component of any real estate transaction. Past problems including fire or water damage should be noted in the disclosure documents. Homeowners need to have access to building permits and plans issued for any major renovations; proof that such changes were done legally is extremely important. If there was work done that lacked proper permits, this will need to be disclosed as well. Have invoices and warranties available for major improvements, roofing, furnaces, and major appliances.

Routine exterior maintenance is an easy way to keep up with minor problems before they escalate. Prior to inspection, repair any damaged masonry on steps and walkways, and seal cracks in the driveway. Not only will the home look better, but future problems can be prevented. Recaulk around exterior doors, windows, and flashing, and replace any missing or damaged shingles.
Inside the home, relatively minor fixes can improve the home inspection results. Repair leaky faucets and fixtures, and recaulk around tubs and sinks. An electrician should inspect receptacles and switches and make any needed repairs. Replace any cracked or broken window glass, and loosen any windows that are painted shut. If there is a fireplace, have it and the chimney cleaned and checked by a professional. If the home inspector can’t see into the chimney because of soot buildup, they won’t be able to inspect it and may need to return after it’s cleaned.

Arrange service for the furnace and central air conditioning so that any issues can be addressed before the home inspection. If the home has battery-operated smoke detectors, install fresh batteries and install additional units if any are missing. Install carbon monoxide alarms if the home does not have them.

On the day of the home inspection, a few easy steps will facilitate the inspection process. First, allow sufficient time for the inspection. A professional home inspection will take two and a half to three hours on average, longer if the home is very large. Most homeowners choose not to be present for the inspection, though the potential buyer will usually want to be there. The homeowner will need to provide keys to any locked areas, and access to the attic, crawl space, storage sheds, the garage, and yard. Be sure that the inspector has access to components such as electrical panels, the water meter, and gas meter. Move objects from around the water heater, furnace, and central air conditioning unit so that the inspector can access them. In winter, clear walkways of snow and ice for safe access to the home.

Make arrangements for pets to be out of the home or in a crate for their own safety and that of the home inspector. Dogs in particular can be disruptive, and some may even be distressed by having an unfamiliar person in their “territory”.
It is always a good idea to store small valuables and medications out of sight and in a secure location for your own peace of mind. One option is to simply take them with you when you leave the home during the inspection.

Taking these steps can go a long way in preventing or addressing problems that could negatively affect the inspection report. An inspection-ready home presents itself best for evaluation and makes the entire process go more smoothly.

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Compliments of: Socrates Muller | Pillar to Post - www.PillarToPost-HunterdonSomerset-SM.com

 

Short-Sale Buying Guide

The short-sale buying guide for today’s housing market

A 10-step primer on short sales and the steps you will need to take to purchase one… By Bobbi Dempsey of Bankrate.com -

Foreclosure is a fairly well-understood process, but as “short sale” signs sprout like weeds, you may wonder what they are all about.

When a lender agrees to accept a mortgage payoff amount that is less than what is owed in order to facilitate a sale of the property by a financially distressed owner, it’s called a short sale. The lender forgives the remaining balance of the loan.  READ MORE

68 N Franklin Street | Lambertville NJ 08530

68 N Franklin Street, Lambertville NJ 08530 | Hunterdon County

* OFF MARKET *

Charming 3 Bedroom Vintage Colonial in a Quiet Section of Lambertville. Features: 9ft Ceilings, Pumpkin Pine Floors, Huge Gourmet Kitchen with Vaulted Ceiling, Jenn-Air Stainless-Steel Professional Range and 7ft Butcher Block Center-Island. Major Renovations Include: 2-1/2 Totally Remodeled Bathrooms, Newer Roof, Thermal Windows and Furnace / Central Air Conditioning System.

Antique Charm Combined with Modern Convenience and a Flowing Floor Plan thats Perfect for Entertaining. Over-Sized Very Large, Fenced and Private Yard with Brick Patio. Off-Street Parking for 3 cars. Walking Distance to Main St / Bridge St. PLUS there is a Detached Studio / Workshop with Electric and Heat… Perfect for the Artist or Craftsman!

Link to MLS Listing Data for 68 N Franklin Street 

Property Details

Address: 68 N Franklin Street
City: Lambertville
State: NJ
Zip Code: 08530
Bedrooms: 3
Bathrooms: 2-1/2
Basement: Full, Unfinished
Garage:

Marketed By: The Hunterdon Realty Group | 908.782.0095 | Patricia Mortara – Broker Owner

DIRECTIONS: From Route 202; Take Route 29 S (North Main Street) .8 mile to Left on York Street; Right on North Franklin. House on Left (Corner of Grants Alley)