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Re: 2017 Reval ~ Property Inspections
#1
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Quite a regular


This thread is about reval not tax abatement. Thanks for pushing your agenda!

Posted on: 7/19 7:08
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Re: Appliance repairman?
#2
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Quite a regular


it sounds quite dubious when your first post on this forum is a recommendation..

Posted on: 7/18 12:36
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Re: Can I withdraw after seller accepts my offer
#3
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Quite a regular


To be more clear - The buyer mentions how much he/she plans to finance and signs on it, before it is accepted by the seller so you can't just arbitarily later increase that number.

However, in case you DO NOT get financing from the bank for the amount that you mentioned in the offer letter, signed and accepted, usually there is a contingency language around it for you to refuse the transaction. Check the offer letter.

Posted on: 7/18 11:17
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Re: Can I withdraw after seller accepts my offer
#4
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Quite a regular


The first thing an attorney does in the 3 day period is make the offer null and void, which doesn't mean that the offer is cancelled but that now there is no timeline for buyers and sellers to align on any outstanding issues. It can be done within 2 days or 20 days . You get the idea.

Once that process is over, you are stuck unless you find something in inspection and do not align with the seller on who should pay.

Posted on: 7/18 2:29
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Re: Water Leak Sensors for Under Sinks/Water Heaters
#5
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Quite a regular


I use samsung smartthings , and they work great to provide a notification about the leak. It can be used with IFTTT app to send an email, sms or phonecall in case something happens.

However, in the heater, we have a sensor with actuator to really cut off the water supply. Obviously more expensive and not remotely monitored.

Posted on: 6/13 13:56
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Re: 2017 Reval ~ Property Inspections
#6
Quite a regular
Quite a regular



Quote:


Depends on rates, if you assume your buyer is borrowing and has a fixed monthly nut in mind. $12k more in tax means $1k less in borrowing power. At 4.5% on a 30 yr, $1000 gets you $200k. So assuming the buyer has the extra downpayment, they're budget is $200k less than it was pre-reval.

Yvonne, prove what you're saying, otherwise it's more lies. Tax liens are sold at auction and the residual after taxes and loans are paid is returned to the owner.


Quite correct. So assuming $24K taxes at 1.9% taxes, the property would be at $1.26M. $200K reduction (because of increase in tax from 12 --> 24K) would be around 16% reduction in the property price or the new price would be $1.06M with new taxes around $20K @1.9%.

Quite circular. By the way, because of reduction of taxes from $24K to $20K gives you $4K to renovate the place!

So yeah, 15% decline assumption is around correct + $4K in your hand.

Posted on: 5/23 22:01
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Re: 2017 Reval ~ Property Inspections
#7
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Quite a regular


wtf is wrong with people who feel reval is a suffering? Who here can't understand the difference between % and $$? Please enroll in a 5th-grade class.

1. As an individual, an avg DTJC resident who has been sitting on his/her property since last reval was getting away with paying lower than the fair share of taxes in light of their increasing property value even after paying the same rate (%).

2. As a neighborhood, DTJC was paying a higher share (in $$$) of state because there are a lot more residents with higher value now and also driven by recent transactions at current market value + not to forget new construction that has come up in the last 30 years on both rental and condo side (Yes, even after the abatement, $ amount becomes substantial for e.g. 1% of $1000 > 2% of $400)

What is common in the above two statements? Those who are in DTJC and have been sitting on their property since last reval are the ones who are REALLY GETTING AWAY WITH IT so far.

So they should STFU, pay up and everyone then starts from the same line. Simple.

If the taxes are too high, probably your home is too expensive for you to live in. Then, just sell it, monetize the gain and buy a place where you can pay the taxes.



Posted on: 5/23 10:29
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Re: 2017 Reval ~ Property Inspections
#8
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Quite a regular


How would PILOT? My bldg. has tax abatement and even the recently sold apts (and hence the reflected current market price) are paying around 1%-1.2% in taxes instead ~2%. Would this reval impact such properties as well?

Posted on: 5/17 21:59
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Re: Anyone know of a peditrician who is anti-vaccine or vaccine neutral in JC?
#9
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Quite a regular


https://arstechnica.com/science/2017/0 ... get-vulnerable-community/


Measles outbreak rages after anti-vaccine groups target vulnerable community



Minnesota is experiencing its largest measles outbreak since the 1990s following a targeted and intense effort by anti-vaccine groups there to spread the false belief that vaccinations cause autism.

As of Thursday, health officials reported 41 confirmed cases, nearly all unvaccinated children from a Somali immigrant community in Hennepin County. The community has for years been a target of anti-vaccine groups, aided by Andrew Wakefield, a fraudulent former physician.

In the early 2000s, the large Somali immigrant population had high vaccination rates. But in 2008, fear that their children were suffering from higher rates of autism swept through the community. Though research later concluded that autism rates were not unusually high in the community, anti-vaccination activists pounced on the panic. The activists held community meetings and invited Wakefield to visit with scared families. Vaccination rates dropped from 92 percent in 2004 to 42 percent in 2014.

Wakefield, a former British doctor who now lives in Texas, is considered the founder of the modern anti-vaccination movement. In 2010, around the time he was visiting the Somali community, he was stripped of his British medical license for falsifying a 1998 study. The study fraudulently alleged that the measles, mumps, and rubella (MMR) vaccine caused autism. Wakefield was paid to produce the study to aid a money-making legal scheme, which ultimately failed. The study was retracted, and Wakefield was also found guilty of dozens of other counts of professional misconduct, including abusing autistic children.

Despite the shocking misconduct and retraction, the harmful belief that life-saving vaccines cause autism lives on.

In a presentation Sunday night to the Somali community, anti-vaccine activist Mark Blaxill played up the threat of autism while glossing over the real risk of measles, The Washington Post reports. “When you hear people from the state public health department saying there is no risk, that [vaccines] are safe, this is the sort of thing that should cause you to be skeptical” Blaxill said.

Health experts in the community have looked on with shock and horror. During some meetings, they were barred from attending.

“It’s remarkable to come in and talk to a population that’s vulnerable and marginalized and who doesn’t necessarily have the capacity for advocacy for themselves, and to take advantage of that,” Siman Nuurali, a Somali American clinician who coordinates the care of medically complex patients at Children’s Hospitals and Clinics of Minnesota, told the Post. “It’s abhorrent.”

Measles is a highly contagious viral infection that generally causes fever, cough, a runny nose, and a rash. About a third of cases develop complications, including diarrhea, blindness, inflammation of the brain, and pneumonia. In rare instances, it can be fatal. The Centers for Disease Control and Prevention recommend children get a dose of MMR vaccine between 12 and 15 months, then again between ages 4 and 6. The vaccine is very safe and effective, with two doses being 97 percent effective at preventing infection.

Posted on: 5/6 14:55
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Electrical Heater inspection mandatory?
#10
Quite a regular
Quite a regular


I installed an electrical heater from 1800 heaters and got a letter from them yesterday that it needs to be inspected and asked me to get it done, and then contact them in case of any issues.

I know vent cleaning etc are required but is the inspection for electrical heater also required periodically?

Posted on: 5/2 10:46
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Re: Landlord Charge for AC Unit Installation
#11
Quite a regular
Quite a regular


Also, legally the AC unit becomes the property of the landlord as "chattel" (attachment to a property) unless they are trade fixture (doesnt seem in your case) or you have specific permission from the landlord that you still can take it when you leave the unit. This doesnt need to be written in any lease.

I would strongly suggest that you take landlord's permission. If this goes to court, you may not only use this AC unit, there will be ground for eviction AND you may loose security deposit if there is any damage to the new windows (setting aside the liability issue, which in itself is a big thing).

If it goes to consumer court, don't rely on the lease as "capture all". This should be of more concern to you as Landlord has now specifically asked you to refrain from doing the installation on your own.


Posted on: 5/2 10:41
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Re: 2017 Jersey City Development Maps
#12
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Quite a regular


thnx

Posted on: 4/17 15:08
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Re: Before/After kitchen by Basic Builders!!!
#13
Quite a regular
Quite a regular


at least try harder...

Posted on: 4/13 23:07
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Re: $512K payout for top Jersey City cop renews call for reform
#14
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Quite a regular


Quote:

EasyGibson wrote:
It's unbelievable that anyone ever thought it would be a good idea to allow people to cash out days from 30 years ago at current salary rates. It's a giant retroactive raise.


why? $100 today ain't worth $100 30 years back?

Posted on: 4/13 17:20
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Re: Gulls Cove 2
#15
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Quite a regular


Quote:

JPhurst wrote:
A few years back the developer tried to convert phase 2 to rentals. But he needed the residents to vote for such a change. We weren't having it.

There was a lot of concern that Phase 2 would remain unbuilt for a prolonged period of time and we would be in a situation where the developer controlled the board for that period. However, phase 2 is being built. Completion date has been put off a couple of times, but the work is being done, and the units are being purchased.

Point being, in the not so distant future, we will have a majority resident board that we should have had years ago. We will have to carefully look at the books and the structure as the building as a matter of due diligence. But overall, it seems like a good building in a good location. I can't represent that there is not some structural defect or financial shenanigans that will make living here untenable, but so far so good.

You can PM or call me if you like.


Did the builder change the construction plan or building materials after realizing that it is not going to be a rental? The reason I am asking this is because quality of a rental is far inferior to than that of a condo building (thin walls, applicances, etc )

Posted on: 4/7 20:09
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Re: Gulls Cove Light rail side
#16
Quite a regular
Quite a regular


Funny, no one answered OP's question. There's another post few lines down about the noise level on 18 Park coming from the same light rail station. Gulls Cove is a condo so may be better soundproofing, eh?

Just to pile up, use White Noise app on ios/android.

Posted on: 4/6 15:49
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Re: 18 Park?
#17
Quite a regular
Quite a regular


One BD apt floor plan is awesome. For 2 BRs I would go somewhere else (check out Liberty @ Windsor, etc). The ones in 18 Park are quite small.

Posted on: 3/31 15:06
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Re: FSBO 1Bd @ GullsCove South Facing
#18
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Quite a regular



Quote:

gullscove1018 wrote:
Thats the comps actually ... the last unit in my line just sold for $680K without parking... Prices have gone up... Phase 2 is over $950 a sq/ft (was raised over the weekend) -- and thats for a North Facing Unit... so my South Facing unit @ $869/sqft is a bargain. I have done my research :)


If you are talking about your line (18), the one on 11th floor (1118) went for $655K (or ~$840 psf) last month, and it included parking. Your listing price looks like a good place to start with, and see the best that you can get from there. Your floor should anyways be above $640K (based on Nov'16 sale, 780 sq ft, 917, no parking)

Posted on: 3/29 23:52
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Re: Door recommendation for open Den area
#19
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Quite a regular


Quote:

MDM wrote:
My wife picked those sliding barn doors for the master bedroom (currently being worked on). They look pretty slick, but some are kind of pricey.


Please let us know how they turn out inside a condo with a pic! I'll probably spend some time looking for a nice barn door.

Posted on: 3/29 23:18
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Re: FSBO 1Bd @ GullsCove South Facing
#20
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Quite a regular


Holy cow! I read the comments below on $869 psf aint crazy. And I am not even mad. If this goes through that means ~ 20% appreciation in not even one year! May the force be with you.

On pictures, I found that increasing the brightness and exposure usually make them look like much more professional and better-looking pictures. Happy clicking!

Posted on: 3/29 23:15
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Re: 260+ in JC to Lose Jobs when Amazon's Quidsi's Closes in June
#21
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Quite a regular


what about my diapers.com gift cards?

Posted on: 3/29 23:10
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Re: FSBO 1Bd @ GullsCove South Facing
#22
Quite a regular
Quite a regular


I'll be frank. $869 psf is crazy. Yes, even at these times. More so when even the parking is not included. Moreover, when it is a 1bd.

If you are doing a FSBO, just look at the comparables on 1 bd and list at the highest range, to start with. You do not want a listing stay open for a long time and make potential buyers wonder what's the deal here. Else use an experienced realtor or Redfin (if you want to save some cost)




Posted on: 3/28 21:20
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Re: Door recommendation for open Den area
#23
Quite a regular
Quite a regular


Agree, that door looks slick. I am not a DIY type and actually feels exactly like the poster below.

I am indeed planning to get an architect to get it done but wanted to get a ballpark figure around the $ and if it would require additional headaches such as permit (as condo association may also need one).

The picture is shown below. You can see the constraints -

Resized Image

1. Wall only on one side so pocket doors are out.
2. around 4' width and 14' ceilings
3. Given the above, a sliding barn door looks a good option but I am thinking what to do with the wall height. May be just false wall filled with glasses to allow the light to come in.

PS: Sorry for the mess in the pic. Anonymity allows it.

Thinking of a door like this

Resized Image

which may look like -

Resized Image



Posted on: 3/24 20:27

Edited by tictaktoe on 2017/3/24 20:50:41
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Re: Door recommendation for open Den area
#24
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Quite a regular


Thanks. This would have been a perfect solution but we'd like the door to add some "creative" factor as well given its in (just off) the living room.

By the way, how tall are those and how much did contractor ask for installation? Does it need permit?

Posted on: 3/23 12:35
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Re: Door recommendation for open Den area
#25
Quite a regular
Quite a regular


Thanks. Until now thats on the top of our list. Adds a unique touch to the living area as well. The issue is how to fill the top space.

Did you install them? How much did it cost w/ installation? Need Permit?

Posted on: 3/23 12:33
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Re: Glue Vandalism On Locks
#26
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Quite a regular


Put a fake camera and sticker and see if it helps.

https://www.aliexpress.com/item/Fake-C ... -camaras/32709029545.html

It even blinks red light and costs just $3.38

Posted on: 3/20 22:50
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Door recommendation for open Den area
#27
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Quite a regular


I have a 4 feet width opening into the den where I'd like to install some sort of door (may be sliding). The idea is to use as a bedroom (it is big enough) as we are expecting a close relative for a longer time. Does anyone has any creative ideas they have executed to get ideas from? pictures, link? Here is a little bit more details -

1. The Den is off the living room and that is why the stress on a creative solution that looks good (mirror door? stained/old wooden door?) OR any temporary solution that doesn't spoil the beauty?

2. The ceilings are 14 ft high so possibly will need to fill the top as well. False walls?

3. I'd like to keep the doorway completely clear (in case change it to kids room ==> larger play area). Is sliding door the only alternative?

4. How much does it approximately cost to install professionally? Any recommendations?

5. Does something like this needs permit from the City?




Posted on: 3/20 22:39
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Re: Moving Cross Country to Jersey City - Need Advice
#28
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Quite a regular


budget and how big?

..seems like fair questions

Posted on: 3/5 16:31
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Re: Jersey City to JFK and LGA
#29
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Quite a regular


EWR is easy peasy with Uber, JFK and LGA arent!

Posted on: 1/25 0:27
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Re: Jersey City to JFK and LGA
#30
Quite a regular
Quite a regular


Thanks for the replies. Yes, I am traveling with an infant and luggage so train (which I personally like) is not an option. I was just wondering between the price options of taking Uber, hailing a cab, any shuttle that goes from here to JFK vs. pre-booked taxi service.

It seems Id just go with Uber/Lyft and hope that the surge pricing doesnt kill me. Other options too add to ~$120 or so.

Posted on: 1/24 11:21
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