The Hoboken & Downtown JC Open House Google Map for Saturday, March24th & Sunday, March 25th, 2012
Categories: Hoboken Condos
The Original and Best Open House Google Map!
Courtesy of the Turoff Realty Team
No need to register! No form to fill out!
Just click on the map below to see every Open House in Hoboken this weekend:
Click HERE to see the Downtown Jersey City Open House Map
When you look at the maps, place markers are color coded:
- Studios & 1BRs are red
- 2BRs are green
- 3BRs & Bigger are yellow
- New listings are marked with a Push Pin icon (in the same color scheme.)
Click the “Address”, “Price” “Bed” or “Details” columns to sort the list of open houses in ascending or descending order.
Click on the location marker for:
- open house date
- time
- unit size
- asking price
- link to all the info found on the MLS and more (from ourHobokensBestHomes.com IDX feed.)
Who Represents Whom?
Did you know that the agent hosting an open house is the Seller’s agent? Whether it is the actual listing agent or any other agent from the same company, that person legally represents the sellers. Not only that, the hosting agent – by law – has a fiduciary duty to the seller to get that seller the highest possible price for that property. Do you think it might be a conflict of interest for that same person to then represent you? Many people think so. In fact, in many states (other than NJ) it is illegal for the same agent to represent the seller and also work with the buyer.
If You Thought Sunscreen & Condoms were the Only Protection You Need – You Are Wrong!
Interested in new construction – like Maxwell Place or Hudson Tea? Before you walk into the Toll Brothers Sales Office know what you are getting in to! Once you talk to the sales office – even casually – they WILL NOT compensate your agent if you go back with an agent. Of course, you should go back with an agent because:
1. The sales office works NOT for you but for the developer! They are Toll Brothers’ agent – not yours!
2. Despite what you may have heard or come to believe, Toll Brothers is NOT going to cut you a deal if you work with them without an agent.
Looking at resales? Did you know that when you go to an open house you can see the property at the open house on your own and then go back to it with your own agent? So if you see something you like at an open house you find your own agent who does not work for the seller. By the way, if the host says “oh, it’s not my listing, I’m not the seller’s agent” they are just flat-out wrong. The listing agreement a seller signs is between the seller and the brokerage company (Century 21, Coldwell, Remax, etc.). EVERY agent from that firm is the seller’s agent! So protect your interests. You’re making one of the biggest financial decisions of your life.
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Some Factors Fannie Mae Thinks are Important When Buying or Selling your Hoboken Condo
Categories: For Buyers, Hoboken Condos
Interest Rates for Hoboken Condos are Low – BUT
In order for a buyer to get the best possible rates, the building must conform to certain Fannie Mae imposed guidelines. So if you are out shopping for a condo, some of the questions you should be asking include:
- Is there any commercial space in the building?
- If so, how much (% of total square feet)?
- Are units in the building rented out or owner occupied?
- Fannie Mae does not want more than 49% rental.
- Is there an ongoing environmental issue? Even one that has been remediated but requires monitoring?
- Has any litigation been brought by or against the condo association?
- Are any of the unit owners delinquent in their maintenance payments?
- Does one owner own more than 10% of the units in the building? Small buildings with only 3 or 4 units always run into this one.
- Are any of the units rented out by the condo association itself? This may be considered engaging in commercial activity.
If any of these conditions exist, it is an issue. If several of them exist, it may be a real problem. They are seen as increasing the lender’s risk and therefore Fannie Mae will not buy the loan. All important questions which a smart buyer will ask up front. Even if exceptions will be made, the interest rate a buyer will pay is likely to be higher than the going rate as a result.
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The Weekly Wednesday Wrap-Up – Hoboken Condo Sales and Activity for the Week of March 21st, 2012
Categories: Hoboken Condos
This Week’s Condo Sales & Activity versus last week’s:
231 active Hoboken condo units – vs. 230 last week
- 13 DABOs (Deposit Accepted By Owner i.e. under contract) vs. 9 last week
- 10 Sold vs. 3 last week
- 23 New listings vs. 30 last week
- 6 Price change vs. 12 last week
- 4 Expired listings vs. 3 last week
1 Bedroom & Studio Condos
9 New listings
3 Price Changes
97 Active
6 DABOs
- 551 Observer Hghwy., 4M listed Oct 28 for $270K; reduced Dec 20 to $250K;
- 416 Monroe St., 4R listed Mar 7 for 310K;
- 723 Washington St., 5 listed Feb 29 for $329K;
- 1115 Willow Ave., 411 listed Sept 27 for $385K;
- 2 Constitution Ct., 513 listed Feb 22 for $419K;
- 1500 Washington St., 10P listed Feb 21 for $459K;
7 Sold
- 209 Bloomfield St., 2 listed Jan 11 for $275K; sold for $240K;
- 537 Garden St., B listed Jan 17 for $279K; sold for $263K;
- 232 Park Ave., 7 listed Dec 15 for $266K; sold for $265K;
- 812 Grand St., 312 listed Oct 22 for $350K; reduced Nov 16 to $340K; sold for $330K;
- 708 Garden St., G listed Dec 22 for $375K sold for $347K;
- 1201 Willow Ave., 5R listed Nov 17 for $359K; sold for $353K;
- 940 Bloomfield St., 2 listed Jan 25 for $430K; sold for $420K;
2 Bedroom Condos
13 New listings
3 Price changes
111 Active
6 DABOs
- 63 Madison St., 5 listed Feb 1 for $280K;
- 461 4th St., 2W listed Oct 5 for $325K; reduced Dec 30 to $315K;
- 635 6th St., 3C listed Mar 5 for $449K;
- 1100 Clinton St., 301 listed Jan 25 for $499K; reduced Feb 27 to $490K;
- 412 Washington St., 3C listed Mar 19 for $515K;
- 405 Jefferson St., 1 listed Feb 21 for $689K; reduced Mar 5 to $679K;
3 Sold
- 403 Monroe St., 2R listed Sept 13 for $312K; reduced Nov 11 to $300K; reduced Nov 16 to $291K; reduced Dec 14 to $279K; sold for $265K;
- 1200 Grand St., 527 listed Jan 6 for $525K; sold for $515K;
- 1125 Maxwell Ln., 455 listed Jan 1 for $1.075Mil; sold for $980K;
3 Bedroom & Bigger Condos
1 new listing
No Price changes
23 Active
- 1034 Clinton St., 201 listed July 21 for $499K;
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