Buying a Home

Information and advice for home buyers, including financing, inspections, attorney review, negotiations, and the home-buying process.

Buying a Home Need a Few Extra Days After Closing? A Rent-Back Might Be the Answer. Closing day doesn’t always mean moving day. Sometimes sellers have sold their homes… but can’t move into their new homes yet. Clients usually say they’re afraid of being “homeless” or having to spend a ton of money on hotels & household storage. So what can you do? One solution is called a rent-back agreement (also […]
Buying a Home “When You Buy a Mercedes, Do You Take an Agent?” At a real estate closing recently, someone made everyone laugh. “When you buy a Mercedes, do you take an agent?” It’s a fair question. Most people don’t hire someone to help them buy a car. So why should buying a home be any different? Because beyond the price tag, the two purchases have surprisingly little […]
Buying a Home A Tank Sweep May Be One of the Best Investments You Make During the Home Inspection A Tank Sweep May Be One of the Best Investments You Make During the Home Inspection When most people think about a home inspection, they picture someone checking the roof, heating system, electrical panel, plumbing, windows, and appliances. But there’s another inspection that’s easy to overlook—and in many parts of New Jersey, it’s well worth […]
Buying a Home What happens if the housing market changes after you’ve signed a contract? Worth Noticing What happens if the housing market changes after you’ve signed a contract? Imagine you sign a contract to buy a home for $600,000, but your closing isn’t for another six months. Scenario #1: Home values increase by $50,000 before closing. Would the seller ask you to pay another $50,000? Most people would probably […]
Buying a Home Is AI Affecting Mortgage Rates? ONE REASON mortgage rates haven’t eased much yet: The scale of current AI investment. Billions are being poured into infrastructure (buildings, energy, etc.), which is keeping some pressure on inflation – and that feeds into interest rates. Housing isn’t driving this, but it definitely feels the effects, especially here in Central Jersey.
Buying a Home Smile, You May Be on Camera: Surveillance During Home Showings One of the first things I tell buyers before we enter a home is: “Let’s save all comments about the house until we’re outside.” The reason is simple. Many homes today have some form of surveillance. It may be a Ring doorbell, an Alexa device, a security system, indoor cameras, or smart home technology that […]
Buying a Home Radon: What It Is, Where it Comes From and Why We Test If you’ve bought or sold a home, you’ve probably heard of radon. Many people know it has something to do with basements and health concerns, but few people understand what radon actually is. The good news is that radon very manageable once you understand it. What Is Radon? Radon is a naturally occurring gas. It […]
Buying a Home The Fed Left Rates Unchanged Yesterday. What Does That Mean for Home Buyers? You may have heard that the Federal Reserve (“the Fed”) left interest rates unchanged yesterday. What does that tell us? In simple terms, it suggests that inflation has improved but is not yet fully under control. At the same time, the economy remains relatively healthy, so the Fed is taking a “wait and see” approach […]
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Buying a Home North Edison Townhouse Market Watch As of today, there are approximately 10 three-bedroom townhomes available in North Edison NJ (08820). Two properties that may attract buyers looking for value in today’s market are 1701 Deerfield Drive and 21 Carriage Place. Both offer 3 bedrooms and approximately 1,500 square feet of living space. 21 Carriage Place is currently on the market […]
Buying a Home “That Little ‘However’ Clause” • “Who Should Pay for CCO Repairs?” • “The Blank Space in Paragraph 9” That Little “However” Clause Who pays for CCO repairs in a New Jersey home sale — and the blank space most people skip right past There’s a single blank line in the Statewide New Jersey Realtors® Standard Form of Real Estate Sales Contract that almost nobody stops to read carefully — and it can quietly […]
Buying a Home What is a Non-Warrantable Condo? If you’re shopping for a condominium, you may come across the term “non-warrantable condo.” The phrase sounds technical and intimidating, but the basic idea is actually quite simple. A non-warrantable condo is a condominium community that does not meet certain requirements used by many traditional mortgage lenders. The key point is that the issue is […]
Buying a Home Attorney Review in New Jersey: What It Is and Why It Matters If you’re buying or selling a home in New Jersey for the first time, or if it has been a while since your last move, you may hear the term “Attorney Review” and wonder what it means. The good news is that Attorney Review is a normal part of most residential real estate transactions in […]
Buying a Home High-Tension Power Lines and Property Values One of the questions I am frequently asked by home buyers is about buying a home near – or in view of – high-tension power lines. Some buyers are OK with it – and some are not. My role is not to tell you what to think – it’s to help you understand the consideration […]