All Forum Posts by: Gil Lieblich

I would look into getting approval for the meter and then judge the costs. that being said no meter no point. You cant split the utilities in my opinion as there is no fair way to figure out who used what.

As others have said I don't believe they are allowed to not show it for any reason. if you have a written offer they are obligated to present it to their client. I am not sure if this is state by state and I am not sure if the seller can direct the agent to not show any offers below a certain point. To add to it If i recall the agent is obligated to show the offer with in 24 hrs of receiving it. Again not sure if this is state by state or if there are certain circumstances as would make this not the case.

when you meet an agent they need to disclose to you on whether they are serving as a buy or dual disclosed agent. in theory the buyers agent serves as your agent looking out for your interests alone. If they are serving as a dual agent they can only relay the information between both parties but can not reveal to you information that may put the seller at a disadvantage. For example if the agent lists a house for 100k but knows the seller would take 90k he can not tell you as that is acting in one parties interest but if he was a buyers agent he can talk to you and advise you that you should offer .... as a dual agent they are more of an intermediary that serves both parties to get a deal done. So its good to have a buyers agent if you need advice or help. But if you find a place you like at a good price in theory yes a sellers agent may be willing to drop a little of his commission to get a deal done because he would be getting the full 5-6%. Either way its important to have a good attorney that makes sure everything is done right and you are protected.

I see you are in Hillsborough, is that the location of your property? I am actively looking in central Jersey and the last few months prices are coming back. Now is that a short term thing or long term rebound i dont know. But something to consider is that what you feel the market will be like in a year as well where rates will be. If the value of your condo go up then so will any home you may want to buy in a year. if you are capable of buying a home now and holding your condo even at a loss there are risks like with anything else. Will rates go up, is your condo maintenance and taxes going up will you be able to sell in a year? I see now things are not only slowing going up as far as prices but they are not sitting on the market for too long and lots more offers. I have missed many potential deals recently because i was a little slow to make a move.

Not sure if i helped but just my two cents with the current market in our area.

Welcome Josh,
the site is a great resource and you will learn a lot. I am a little familiar with the Israeli market as I have some family there who owns property. I know prices had gone up a lot in recent years and its a tough market atleast in the main cities like Tel Aviv. So definitely do your research and good luck.

Not sure if i missed something but why won't the daughter be a live in 30 yrs ? If th emom is with it enough to talk terms at 82 isnt fair to assume the daughter will be around in 30yrs?

In my most recent property the tenant had so much stuff with her and the area has some issues. I put in the lease that i asked the tenant to get renters insurance which she agreed to but i never asked for confirmation. Is this something you all do... ?

Have you attended these groups... I get the emails from NJRESN but have not attended a meeting yet.

I think you want to always keep relationships on a positive note and signing the contract makes a big difference because now she has to go back to her broker and explain as well. that being said let's not forget that its very important for an agent and agency to maintain a good reputation in the community. So it is just as important for her that you feel that the deal was handled fairly and appropriately. I know of some agents that would say that finding the buyer is the "easy" part but the work and phone calls and all the time is worth a full commission. I dont agree with that. i think agents work for free a percentage of the time as people dont always buy etc... Its part of doing business. I hope if she is one of the good ones who respects the job she will accept your offer. (I would offer her what you think is fair rather than asks her what she thinks because she will most likely say more and its harder for you to say no but if you make an offer it may look greedy if she says she wants more)
I had a license years ago and I think as long as you are upfront then an agent knows referrals mean a lot in this business and she knows you are likely to share this story which will look good for her.

My two cents... I think the condo is a little easier as a newbie ( i am still some what a newbie) Most of what others have stated is what i would make note of.
that being the case I will give you an example of the cons... I purchased a condo in 2005 at what was a fair price at the time as it was move in ready and after years of searching it was my best shot. Now the issue is fast forward years later my taxes have gone up 50% and my maintenance has gone up 50%. Now i am living in at as i would probably just break even in renting it.
Now maybe its my fault it was my first property in a less than ideal time.
On the other hand I have purchased a couple other properties since then and condos are easier as far as in general there is less risk in my opinion of a major expense (new roof even plumbing or electric a 1000 sq ft property is not as bad as a multi or sfh)
I think for me the major pro for me was doing research it was easy to get accurate comps on the exact same properties and so i knew where i stood on how good of a deal it was.