What To Expect At Closing and Final Walk Thru | Condominium | Real Estate NJ

Congratulations you made it to close! So what can you expect on the day of your closing? Read on to find out.

"Closing", which is the day you sign all the documentation and take ownership of the property you are purchasing.

BEFORE YOUR CLOSING
Your attorney, either the evening before or the morning of, will alert you as to the final amount that you will owe at closing, which will be due in the form of certified bank funds or you can arrange for a wire transfer. This will be a large amount as it combines the remainder of your down payment and all of your closing costs.

Shortly before your closing you'll want to do a walk thru with your real estate agent, so be sure to schedule this at least a day in advance. Your walk thru, depending on the size of the home and whether repairs needed to be made, can last anywhere from 10-25min.

AT THE WALK THRU
You are there to carefully look over the home for any new possible damage that may have occurred when the sellers moved out, or from the unit being vacant.

You'll also bring with you a list of items that the seller agreed to rectify prior to closing, and check that these items were done. In cases where you are not able to detect whether a repair was completed, schedule in advance for your home inspector to come back in with you to check for you, or ask them if you can call them during the walk thru.

Hopefully all is well and you can head straight to the closing. If there is a problem, alert your real estate agent who will then immediately alert your attorney as to the issue. Usually, the attorney can work out a solution by the time you arrive at your closing. In rare cases where the issue is pertinent, your closing can be stalled until an acceptable agreement is reached.

AT YOUR CLOSING 
A few people may be present:
You
Your attorney
Your real estate agent
The other party (seller)
Seller attorney
Seller real estate agent
Title Company
Mortgage Rep

Your attorney will review with you all of the documents that pertain to your sale or purchase. If you are the buyer, he or she will review with you your entire closing package page by page, usually giving you a summary of what the document you are signing means. If you have any questions be sure to ask, but this paperwork is standard and required by mortgage and government regulators. He or she will also review with you what's called the HUD line by line, so you understand where your money is going (closing costs) and how these figures were calculated.

Your closing will typically last anywhere from 30 to 60min. If a party is late then you can certainly run over, or if there is a problem like issues during the walk thru.

But, let's assume all goes well and you've signed the final page needing your signature. Congratulations! You'll be handed over your keys to your new home and on your way to enjoy.


I hope this gives you some ease and now you know what to expect at a closing and final walk thru!

Hoboken Community Event - Thanksgiving Dinner Donation! RE/MAX Gold Coast Thanksgiving

RE/MAX Gold Coast Realty 5th Annual Turkey Dinner Drive   Let's put the "give" in Thanksgiving.  Please help us provide 100 families in need with complete Thanksgiving Dinners!   For the past 5 years RE/MAX Gold Coast Realty has been supporting local families in need by collecting turkeys and other food items for the holiday.   Please help us provide 100 families in need with complete Thanksgiving Dinners! Bring an item from the donation list below. Anything you can bring will be greatly appreciated and will go a long way!  DONATION DROP-OFF INFO: Starting now through November 25th donations may be dropped off at our office located at  56 Newark Street in Hoboken.   Monday - Friday 10am - 8pm Saturday & Sunday 10am - 5pm HOW YOU CAN HELP: There are a few ways to help:    - Donate and/or collect any of the needed items    - Donate and/or collect money so we can do the shopping    - Volunteer your time to help us shop for items with funds collected    - Volunteer your time on November 25th to help us assemble the baskets     Items Needed: - Turkeys (10 - 15lbs) - Stuffing (14 oz) - Boxed Mashed Potatoes   (15.30 oz.) Canned Whole Potatoes - Canned Veggies: French Cut Green Beans, Peas, Carrots, Corn (29 oz.) - Canned,cut yams (40 oz.) - Chicken Broth (48 oz) - Cranberry Sauce (16 oz) - Gravy Mix (1.2 oz) or Jarred Gravy (16 oz) - Mushroom Soup (10 oz.) - Canned French Fried Onions (1 can) - Spices: Thyme, pepper, rosemary, parsley - Oval roaster pans (large) - Martinelli's Sparkling Cider - Entenmann's Apple or Pumpkin pies  (please check dates on these) -Fresh Vegetables & Pies accepted 11/25 only - $50 donation feeds an entire family. Let us shop for you! Last year we provided 90 full meals to families in need. With your help we can reach our goal of 100 this year!   Thank you in advance for your help and support in this great cause!  RE/MAX Gold Coast Realty 56 Newark Street Hoboken, NJ 07030 P. 201-795-0100 F. 201-795-0100 sales@hobokenproperties.com www.HobokenProperties.com Special Thanks To:  The Hoboken Rotary for assisting us in this special event! Pilsener Hause for granting us the space to set up the baskets!

417 Adams St | Hoboken Condo For Sale | $284,900 | Slideshow

New Hoboken Loft Rental Building Opens It's Doors To Artists

The doors of the Artisan at 1400 Clinton and 1440 Grand St open today. Names after the base that this marketing group are looking to attract, the Artisan offers one two and three bedroom apartments plus retail space and ten apartments were designed as live/work spaces for artists.

The apartments range in price from $2300 up to $4400 for a three bedroom. They are outfitted with hardwood floors, washer and dryers plus floor to ceiling windows and a lucky few have private roof decks. While the prices don't seem artist friendly, the addition of work/live spaces are a smart move and will likely be snatched up quickly by successful artists looking to stay in the area. And what a great location just walking distance to the Monroe Arts Center, the Biergarten, The Hoboken Movie theater, Carpe Diem and just 5 minutes to the Lincoln Tunnel. 

Construction is expected to be completed this month. I think it's a great addition to the on going 14th St Viaduct beautification project which is providing green space and pedestrian walkways to give this once abandoned industrial area a community vibe.

Hudson Tea Condo For Sale - New Listing! $879,000

I just listed this spectacular residence for sale at 1500 Washington St #11D. This beautiful home is a rarely available West side corner unit on a high floor, offering sunny exposure and views of Hoboken, Jersey City and downtown New York City plus the Hudson River. It offers 1305 sq ft, two bedrooms two baths with renovations galore. 

Brand new hand distressed hardwood floors throughout offer richness. Opened kitchen area that allow for great entertaining is outfitted with solid wood cabinets, high end appliances and a granite breakfast bar connecting to a true dining space.

Large bedrooms on opposite ends allow for privacy.

Dramatic 13 foot ceilings and over-sized windows really give this unit the wow factor.

Attractively priced at $879,000

Please come stop at my open house this Sunday October 6th 12-2:30pm or contact me directly for a private viewing.

Jersey City Real Estate Market Update September 2013

Jersey City Real Estate Market Update September 2013

If I could describe the current real estate environment in downtown Jersey City I would say it's cut throat. To say the market is competitive is an understatement. Multiple bids, acceptances and then cancelling because a new, higher bid came in is the norm. Buyers, you must hire a savvy agent if you are wishing to compete and find a home to call your own. Sellers, as long as you price your home accordingly, you can be confident you will receive your asking price if not better.

Sales: For the month of September DTJC saw a total of 51 units close. The Median List Price was $499,000 and the Median Sold Price was HIGHER at $507,500. This means if you are making an offer on a property, you must, you must must (unless it's overpriced) start at asking price if you are going to be the winning bid. Scary, yes.

Median Days on Market was 28 days.

Pending:
For this same month DTJC 45 units changed their status from active to under contract. Their Median List Price was $549,900 and the Median Days on Market was 28 days.

Hoboken Real Estate Condo Market Update September 2013

Hoboken Real Estate Condo Market Update September 2013

Hoboken's real estate market remains hot. Best to strike while the iron is hot as mortgages are low and it is a great opportunity for both sellers and buyers. Although for buyers you will need patience and your wits about you!

Sales:
For the month of September Hoboken saw a total of 98 sales. The Median List Price for all units sold was $561,950 and the Median Sold Price was $560,919. The lowest and highest sales were $265,000 and $1.580Million respectively.

The Median Days on Market was 28 days.

Pending:
The same month, 76 units changed their status from active to under contract. The Median List Price was $533,066. The Median Days on Market was 27 days.

Logo Post

Finally implementing my logo courtesy of Eileen SanFelipe into my emails and templates! 

Ribbon Cutting Ceremony for 1600 Park Ave - Hoboken's Newest Park Addition

You're invited to a ribbon cutting ceremony, or more importantly to enjoy Hoboken's newest park and outdoor recreation area at 1600 Park Avenue!

Officially opening September 3rd at 4pm, 1600 Park offers more than 2 acres of mixed use outdoor space including a multi use field, dog run, mound and a slide hill plus bleachers for spectators. It is ready for soccer, men and women's lacrosse and t-ball, plus minor league baseball. There are restrooms and a new traffic signal has been installed to provide safer access for pedestrians wishing to access the park.

You'll be able to park your bicycle at the park as well and there is a parking garage nearby on 15th and Garden and another closer to 14th along the waterfront.

What do you think about the newest Hoboken public park space on Park Ave?  Will you be using it? Still some time to enjoy before the cold months roll in!