The word from Old Hoboken….Camarrano Lives. Only time will tell. In the chance that things don’t go his way…It will be tough to sell that brownstone. According to the second quarter real estate report, They just aren’t selling.
The most important information in this article is not the increase in home sales but the new appraisal standards. Not surprising when the government gets their hands on things. I have a client in downtown Jersey City who just tried to refi and the appraiser used comps from Journal Square. Shockingly the appraisal came in 67% of what it should have.
Lesson: Even if you are doing a refi, contact your realtor. You can get a set of comps that will help your out of town appraiser do his job and maybe get you your loan.
Prime Real Estate Group
201-232-4568 cell Email Brian
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Brian Murray is a broker salesperson at Prime Real Estate Group in Hoboken. As a broker, I have advanced training and a deeper understanding of the real estate market than a sales associate. I am Hoboken resident who has lived in Hudson County for the past fifteen years. I have been a full time realtor in Hoboken for the past thirteen years.
Brian really helped me with his knowledge in this crazy market. Could not have done it without him.