new homes for sale: A major sign for recovery in luxury home sales! - 02/24/09 11:55 AM
I have been blogging about the financial crisis for too long. However, I have seen the first sign of recovery. Last week my mortgage agent gave a package to one of my home buyers, which we haven't had for over 5 months. He gave a $2,000,000, two million dollar loan for a 30 year fixed Jumbo. It was 0 points for 6.5% interest rate. The borrower was required to have a 720 credit score and put 25% down.
The best we were doing was local banks in Bergen County are, Savings and Loans doing up to 1 million dollars. Any big … (2 comments)
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new homes for sale: River vale Great Room Ceiling - 10/18/08 04:37 PM
New home in River vale, Bergen County New Jersey by Richard Stabile. This video clips shows home under construction, viewing the two story greatroom ceiling and the wrought iron railed stair case in the 2 story foyer. The home is at Colonial Estates. Design/build and marketing by Richard Stabile REMAX Real Estate Associates. The house is approx. 5000 sq ft of living space on a 37,000 + sq ft lot.
View these new homes for sale
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new homes for sale: Bergen County new homes for sale by Richard Stabile - 09/21/08 09:48 PM
Bergen County new homes for sale
Richard Stabile Developer, Builder, Realtor of new homes in Bergen County has houses to be built, under construction, or built and for sale. The homes are in Franklin Lakes, Hillsdale, Old Tappan, River vale (2 locations), Woodcliff Lake, Saddle River, Upper Saddle River, Alpine and other towns to be annouced. Please visit our web site to see all of the new homes for sale.
Alpine new home for sale
Franklin lakes new home
Hillsdale new home
River Vale new home 2 Available
Saddle River new home French … (0 comments)
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new homes for sale: Which ceiling design to you like? - 09/20/08 09:55 PM
New homes ceiling designs by: Richard Stabile Building new homes in Bergen County NJ calls for many design challenges. Elegant luxury homes have few better symbol of it grander than the ceilings. One of my favorite things to do in interior design is to create the coffer ceilings. I love the whole affect of when people walk in to the home and stop short. I love the feeling. We tried to make them different and individual as possible. However, we are restricted to the area shape and budget. I thought I would share a few and see if I could get a poll of what is … (7 comments)
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new homes for sale: They sent in the Calvary, and we are all riding a horse. - 09/19/08 08:25 AM
Our financial markets are being rescued by our federal government.
Of course, I LOVE IT! We needed this panic to stop. However, although there is no choice and we must do everything possible to put the system back together, the cowboys were out of control. The greed and irresponsible actions of these institutions to look away from risk and only care about fees and profits was criminal. This is strong but we must realize they ruined lot of people's lives. We the tax payers are footing the bill for the poor judgment of the Banks, Wall Street and others who created a … (5 comments)
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new homes for sale: 30 year confirming hits 5.5%, don't get caught in the headlights! - 09/16/08 10:57 AM
I have been predicting the rates to drop to 5.5%. The financial system is in disarray. If you follow my market psychology concepts, good comes from bad. Believe me I do not like the idea of the bad, however we can't control it. What we can do is work with what we have. Don't dwell on the problems it won't get solve by us worrying, but you can get organized and help people buy in this market with great rates and low prices. This condition will end and psychology will turn. Real Estate agents must look at the good side. Someone … (3 comments)
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new homes for sale: Don't reduce the price, buy it down. - 07/22/08 08:59 PM
In the late 80's market we found buying the mortgages down by the seller was many times better than reducing the price. It creates affordability, sets your property away from the pack and creates interest in the first place. The 3-2-1 is a little steep almost 6% but a 2-1 is just around 3 points is good.
Example: 1,000,000 house 700,000 mortage will cost about $21,000 to buy down on a 2-1.
A $21,000 price reduction isn't so big when you can reduce the first years payment by about $1300. per month and the second year about $650.00 per month.
It … (4 comments)
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