1 Roma Court Bidding War WINNERS With THRG

1 Roma Court Bidding War WINNERS With THRG

Image title

Never make a final offer that ends in 000. 

"High School sweethearts and first-time homebuyers move in to 1 Roma Court”…it sounds like a fictitious headline for a Realtors Facebook page. Well in this case it’s true. Rich Denora and Erika Martoni are the new owners of 1 Roma Court in Lincroft, and what an awesome street to welcome them!

Roma Court, located a few blocks off the Garden State Parkway is about as easy a commute to. NYC as possible from Monmouth County with the Park ’n Ride at Exit 109 within walking distance. With 2 NJ State Troopers and 2 local police officers on the street, Roma Court is S.A.F.E (Safe And Friendly Environment). Better yet, 1 Roma was a clean, renovated, relatively move-in-ready home on this wonderful street. 

When the home hit the market, we emailed and texted Rich and Erika immediately, letting them know we thought the house wasn’t just perfect for them, but was priced to sell. Knowing the home was right, our clients made a strong first offer. Even still, we ended up in a bidding war, asking for best and final offers. Rich and Erika followed our advice (never make a final offer that ends in 000) and bid $650,500. AND, they won!

But three weeks later the purchase appeared doomed to fail as the home appraised $50,000 below purchase price. That’s where we shine! Reading through the appraisal and noting the errors and inaccuracies in the appraisers report, we pushed back to the lender and supported a rebuttal with additional comparable homes and facts to justify the value of the purchase. While the appraiser wouldn’t adjust his valuation, the lender agreed with our rebuttal and got approval from senior management to switch investors. The new appraisal came in at value and we were ready to close within 3 weeks. The sellers (The Blands) had already closed on their new purchase near the Shore and were wonderfully patient, knowing the buyers were making every attempt to hold true to their offer. 

Rich and Erika trusted team of professionals included William Golding, Esq. and Stephanie Golding, Joseph Mahurter of DM Home Inspections, J&J Pool Service - (347) 517-3946, and DJ & Nici Ten Hoeve of The Ten Hoeve Realty Group at Keller William Realty East Monmouth.

John R. Merlino, Jr. and Michele Santacroce of Merlino & Gonzalez were the settlement agents and the seller's agent was Lisa Raimondo of Gloria Nilson & Co.

Wondering what other South Middletown properties are available right now? Click Here.

Call us at 201-315-9157 or Click Here for an instant property valuation to determine what your home is worth right now. 

D.J. Ten Hoeve Headshot
Phone: 201-315-9157
Dated: December 7th 2017
Views: 202
About D.J.: I grew up in a family-owned construction business here in NJ. With 15 years of sales experience and ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

12 Sand Hill In Jamesburg Has A New Owner - Our client had a need to stay in
79 Pate Sets Harmony Glen Record Sale Price - With a wonderful eye for design,
1 Roma Court Bidding War WINNERS With THRG - Never make a final offer that ends
1 Penn Lane Middletown Sells With The Ten Hoeve Realty Group - With the right people on your side

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Jamie Stimpson
85 Dutch Lane Road
Colts Neck, NJ