Camille Miller's nj real estate FAQ

Typically in NJ we do not refer to square footage in a house listing.  The reason for this is there is no "rule of thumb" that every agent follows.  I've seem agents take the measurements of the outside of the home as well as others that include basements and garages. In short, there was a law su...

An agent can not negotiate a buyer rebate. It must be granted by the broker BEFORE the relationship begins. This law was not passed for agents to give back their hard earned money but to allow discount brokers to compete in the state like Redfin and the old Foxtons models. I don't think we will s...

You can ask your agent to give you a signed sheet from the seller that your offer was rejected. I often ask the seller to sign the front page of an offer as "rejected" for proof of presentation. I don't know your agent but I highly doubt that a good agent would risk their license by not presentin...

Recently I signed a purchase contract for a house. The seller came back saying per NJ law there is a grace period of closing dates up to 10 days, which gives them the right to postpone the closing date. Yes, it true. "on or about" is interpreted as 10 days in either direction. Ask your attorney a...

If the list price is $100,000 it means you offered $90,000.  The contract will say $100,000 so you will be asking the mortgage company to finance $100,000 (or the percentage you will need to close the property). In the special provision section the contract will stipulate that the seller contribu...

It's always a good time to invest in real estate but now is a rather unique time.  For the first time in history prices are decreasing at the same time mortgage rates are declining allowing you, the Buyer, more purchasing power.  Real estate should always be looked at as a longer term investment....

It's a buyer's market. $280,000 on a $310,000 is not a low ball offer.  As a buyer you offer and pay what you feel the home is worth not what the seller feels their home is worth.  Your agent should help you determine the best price for a home and where to start in the bidding process.  My best a...

About Home Owner's Insurance: 1. Homeowner's insurance protects the home including furniture and in some cases even appliances. Buying a home owner's insurance policy will give you peace of mind should you ever need to replace your home and/or its contents. 2. There are many insurance companies ...

The good news is we are at bottom in NJ and clearly on the road to recovery.  Although the tax credit and low interest rates have created an artificial bubble since October '09 and continuing through the next 60 days, NJ real estate sales is showing a recovery (in most counties of the state).  Ho...

A Quitclaim Deed is used to convey an interest in real estate. A Quitclaim Deed does not include any promise or guarantee by the person making it (i.e. the Grantor) about the nature or quality of that interest, or even if any interest exists at all. This type of deed may be useful in cases where ...