5 hidden costs of owning a brownstone

There are few buildings more iconic in New York City than the classic brownstone, a type of building that emerged in the 1830s, when a new urban middle class of New Yorkers sought a home that looked fancier than brick and was more durable than wood. Brownstone, which is a type of sandstone that gets its dark brown color from high concentrations of iron, ...

On the House: On disclosure, and homes that languish on market

By Alan J. Heavens, Inquirer Real Estate Writer Lately, I have been going back to two things our listing agent drummed into my head when we were selling our last house. Disclose, disclose, disclose was one. The other: work with the agent, not against him or her, and that will help sell the house for a good price. There is a real estate disclosure ...

A New Weapon for Bidding Wars

By LISA PREVOST In response to the fierce competition for homes in healthy metropolitan markets like those surrounding New York City, some mortgage lenders are taking steps to put buyers who must borrow on par with those offering to pay in cash. Buyers in need of financing are finding they are at a disadvantage in competitive markets. Because inventory ...

Post-Sandy threat: Big insurance cost surge

Written by Katie Zezima and Meghan Barr TOMS RIVER, N.J. — George Kasimos has almost finished repairing flood damage to his waterfront home, but his Superstorm Sandy nightmare is far from over. Like thousands of others in the hardest-hit coastal stretches of New Jersey and New York, his life is in limbo as he waits to see if tough new coastal rebuilding ...

No. 1 Sales Agent for Flood Insurance: Sandy

By ANNAMARIA ANDRIOTIS First came superstorm Sandy. Next came a different kind of deluge. Insurance agents and brokers say calls from homeowners inquiring or applying for flood insurance—which isn’t included in standard homeowner’s-insurance policies—have picked up since Sandy hit the East Coast in October. Most of the demand is coming ...

DCA & HMFA Remind Homebuyers About “The Road Home New Jersey” Website

New Jersey RealEstateRama DCA & HMFA Remind Homebuyers About “The Road Home New Jersey” Website Article http://newjersey.realestaterama.com/ Launched by the DCA and HMFA in April, The Road Home New Jersey is a new consumer education initiative to help people navigate the home buying process, secure affordable home ownership and ...

Judges See Little Improvement in Foreclosure Procedures

Ruth Simon Judges See Little Improvement in Foreclosure Procedures Article In March, Mercer County, New Jersey General Equity Judge Mary C. Jacobson appointed a special master to make sure that foreclosure proceedings initiated by six large mortgage servicers comply with state law. Another New Jersey state judge is reviewing filings by two ...

How a Tunnel Would Help New Jersey Home Values

Antoinette Martin How a Tunnel Will Help New Jersey Home Values Article One major consideration for a buyer when home shopping is how long is the commute to work. The closer a home is to a station, the higher the price tag will be. The value would increase by approximately $19,000-$29,000 for homes near the New Jersey Transit lines. Building ...

Bayfront Perth Amboy Recovers

Antoinette Martin Bayfront Perth Amboy Recovers Article Shoreline real estate in New Jersey has a lower selling price than anywhere else in the state. This is mostly due to the preconceived notion that shoreline homes are more expensive than homes in other locations. This used to be fact, but the real estate market has changed things for the ...

A Low Tide for Home Sales in the Shoreline Market

Antoinette Martin A Low Tide for Home Sales in the Shoreline Market Article FOR the shoreline real estate market, by unvarying tradition, spring arrives early. Sometime in mid-January, in all four coastal counties — Monmouth, Ocean, Atlantic and Cape May — the number of listings begins to swell and rises in small waves, usually reaching ...