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Beverly Meaux's Advice

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  • 106 Contributions
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  • 17 Helpful

Beverly Meaux wrote:

How much value does a 4th bedroom provide compared to a 3 bedroom home in Nutley, NJ? (North Jersey)

Answer
Hi user57514926,Hopefully your Realtor has been able to help you with comps in the immediate area and the town trend to help you in your decision. It's more than just the bed/bath stats involved in making an offer, especially when it's just a 1 bedroom difference between 3 & 4 bedrooms.For example, on sales since October 2012 the median price for 4bed/ 1.1 bath is $310K whereas for 3bed/1.1bath is $322K. At first glance, this would tell you 3bed/1.1bath homes are more valuable. But, we know that's not necessarily true don't we? It's condition, location of home, location of bedroom and baths, yard, section, etc. Being a good negotiator and helping you prepare a strong offer, feeling out the seller, all that is key to being a professional Realtor. Stick with yours and you will do well.Good luck.
March 26 2013
(0)

I need someone to assist me in pre-forclosure and foreclosure procedures.

Answer
Hi user0492343,It sounds like you're looking for a great deal for your cash. I suggest you partner with a professional who can crunch the numbers for you; guide you through the differences in the opportunities in regular sales, short sales, REOs; and knows how to stay on top of this changing market that's presenting multiple offers and completed short sales.Good luck!
March 26 2013
(0)

which is better on your credit, a short sale or deed in lieu?

Answer
Hi, As Realtors we can give you opinions, but you should talk to your short sale attorney and your tax accountant who understands the two.
March 26 2013
(0)

thinking of selling our home so should we buy new appliances?

Answer
You've already received a lot of good advice. Compare this to the comments you receive when interviewing agents. Good luck.
May 07 2010
(0)

Question about a Realtor

Response
It sounds like the first agent didn't do her job. The one that did, got the business. Keep on going with your purchase and don't look back.
May 07 2010
(0)

How do I decide between West Orange or Fair Lawn?

Answer
I know both towns. Live in West Orange now and use to live next to Fair Lawn. Our suggestion:1: Pick first based on the community atmosphere, close to job and/or any other criteria that's important to you.2: Decide upon the town(s) that offer what you're looking for the most. Go to the towns over the weekend (especially in nice weather like this). Walk around and ask people. They will give you some interesting answers. You will also see how you feel - does it excite you to be there or not.3: Search homes in the towns to see which town offers the best value.Ask, are you looking for the cheapest house or the best you can get in the town you love (or like a lot)?
May 07 2010
(0)

cheap house & high taxes vs. expensive house & low taxes

Answer
Hi,You probably have the answer you need by now. Here are 3 different schools of thought:1: it depends not on the taxes, but for what you get out of the property, the community atmosphere and the like. 2: you may pay off on the house and that's when the taxes will really become prominent. If it's high taxes now, it will probably be high/higher later unless the town does a rehaul. So when the market drops in price the taxes stay high and it's harder to sell your home.3: it's the monthly nut that matters. How much is coming out of your pocket each month.So, what did you decide?
May 07 2010
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i want a zestimate on a home

Answer
To see a zestimate of a home just type the address is Zillow's search bar and hit 'go'. The address will come up on a map and the zestimate will appear in a pop-up window. They aren't accurate most of the time but that's how you find them.
May 07 2010
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How do I bid on a short sale? My realtor has "advised" me to bid asking price. Is this normal?

Answer
You don't bid asking price just because it is a short sale. Your agent needs to check with the listing agent to see if this price is the bank-approved price or if the agent set the price based on a good comp. Your agent then runs comps to give you a sense of how good the pricing is, then you decide and let the bank respond if your offer is accepted by the owner.When your agent makes the initial call, he/she should be interviewing the listing agent to make sure a short sale is feasible and you are not wasting your time, money and energy.Good luck.
May 07 2010
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3 Houses down ... what are we doing wrong

Answer
May I ask just out of curiosity, how do you know what the house appraised for if you lost out on each bid? I've heard from a buyer recently that her mortgage person gave her an appraisal from his desk.
May 07 2010
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