Profile picture for Jim Flanagan

Jim Flanagan

Agent

Broker of Record (35 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Short-Sale

Advice

  • (23 Contributions,
  • 0 Best Answers,
  • 3 Helpful)

Contributions are sorted newest to oldest.

What is the best and worst time to put house on the market?

Answer

The best time to put your house on the market is when you want to move.  End of story.Supply and demand will dictate how much you will get...every time.Toms River currently has a 10 month supply of single family homes.  Which means if no other houses were to come on the market, it would take 10 months to sell off the existing supply of homes in Toms River, at the current sales pace.If you are serious about selling (need to move), price it right and it will sell, in any market, at any time.So, why are you considering putting your house on the market?

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Looking for Short-sale advice on home in ocean county NJ

Answer

Hi Brooke!A "short sale" is an option we haven't discussed yet.  Unfortunately, we would still face the same "challenge"; buyers who are reluctant to buy in waterfront communities at this time.Will it eventually turn around?  Yes.  When?  My best guesstimate for our waterfront communities in Toms River; another 1-2 years.Slainte,Jim

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What is the quickest and least expensive way to get a MLS number? What are the advantages?

Answer

Lucky,Do you just want an MLS number or do you need to sell your home?  There are a number of brokerages which offer flat MLS fees of $250-$350 but remember; you get what you pay for!  Just GOOGLE them and write a check but don't expect to sell.If you NEED to sell, you may have a 90 day window of opportunity to get your best price during this current "Foreclosure Crisis"?  BUT, you will NEED a "Full Service" broker who knows what they are doing and how to SELL in this market.  Also, it will cost you more than $350 but you just may SELL for the highest possible price!If you just want to LIST your home and see what happens, please reconsider:There are MANY people who MUST sell and they are being "injured" by an excess inventory of "distressed" homes and "discretionary" sellers.  If you would like more information about this "90 day Window", please don't hesitate to reply.Respectfully,Jim

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How do I take advantage of the foreclosure marketplace? Are there brokers who specialize in this?

Answer

Muhawk,Unfortunately, there is nothing "typical" when it comes to buying a "foreclosure" or "distressed property".  Time frames can range from just a few weeks for REOs (real estate owned) to many months for "short sales".  CASH is KING but financing is still a viable alternative in this market!  Your best bet is working with a local real estate expert experienced in the ways of the banks, asset managers and broad listing brokers.  Anyone can, and does, advertise themselves as a "Foreclosure Specialist".  I would call, or e-mail, a few local real estate brokers (with companies you have heard of) and ask to speak with someone that has at least an "SFR" Certification.  If they don't know what that is, move on to the next!Great timing!  Good luck,Jim

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I was wondering if anyone knows how the market is in toms river, new jersey for houses $700,00 plus?

Answer

CharltonCircle,I found your listing in the MLS and checked out the details and photos of your home.  You appear priced correctly and your co-broke offering is acceptable.  The pictures could be a little better considering the age and location of your home.  It says to contact you directly to show.  Are you, as the owners, in the home when it is being shown by agents?Unfortunately, you have alot of competition in Toms River:20 Similar Homes for Sale in Toms River 3 Similar Homes went "Under Contract" in the last 6 months. 3 Similar Homes Closed/SOLD in the last 6 months 6 Similar Homes Failed to Sell in the last 6 months.Average Days on the market for a home like yours; 158.However, based on the average prices for the homes above, I do not think your price is the issue.  Have you addressed these concerns with your agent?  What is their marketing plan?Respectfully,Jim

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is this home still for sale?

Answer

How soon do you want to move in to your waterfront home?  Do you need to sell your home to buy this home?  Are you aware of, and would you qualify for, the Home-buyer Tax Credit?Jim

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is this home still for sale?

Answer

Mlovcpa,Yes, it is:  http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=4244589908How long have you been searching for a waterfront home?

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Is there a listing agent?

Answer

Hi Colette8,Unfortunately, there are 3 homes listed for sale on that street and none of them are disclosed as "subject to bank approval".  Attached is a link which will take you to these homes:http://mls.momls.com/MonmouthReports/ListitLib/show_report.aspx?ID=4244589864There are sources that will report homes as in "pre-foreclosure" when a "lis pendens" or other document has been recorded against the property.  That doesn't necessarily mean the home will be "foreclosed" or sold as a "short sale".  It's all very confusing, I understand.  My advice is to consult an agent or broker who is experienced and knowledgable in "distressed properties".Hope this helped,

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