Working with an Agent that knows this market is crucial! New Bill signed by Obama just Monday, and will go into affect to help all buyers' move ahead and purchase a new home. Questions that you should ask your Realtor, and keep on top of the market Interest rates are down! How does a Short Sale work?
Do I qualify for the Buyer's credit?
Will prices go down again? Have we reached the bottom? www.northjerseyfreehomeinfo.com Where you will find all the answers! Interest rates fell, then went up, and fell once again!... Don't miss this market! WE ARE THE #1 COMPANY IN ALL OF THE PASCACK VALLEY! READ IT HERE..FOR UP TO DATE INFORMATION! Real Estate Agent with the Right Attitude is everything! Paula Clark is the Realtor with the right attitude. Woodcliff Lakes market has stabilized.The market slow down has not so much affected OUR Region. Northern NJ is still a market where buyers can buy homes with value. The price range for homes at this time, range from $439,000, and go up to $2,000,000, and sometimes higher. Woodcliff Lake has so much to offer, and homes that are priced well will stay on the market for a limited period of time. Interest are now in the 5% range for a 30 yr fixed, and lower in for a 15 yr. CALL TODAY FOR UP TO DATE RATES! Buyers are making offers and buying homes. Buyer's will always be looking to invest in Real Estate, and when a home comes on the market, the buyers are watching and immediately making appointments to see them. As long as our schools stay at the top, The population will continue to grow, and the demand for homes will remain. HOUSING MARKET SHOWS EARLY SIGNS OF STABILIZATION Any determination as to whether these trends actually signal the beginning of a market recovery hinges on the momentum carrying through for the remainder of the 2008, and 2009. There are ,however, a growing list of positive factors for the housing market which include increased housing affordability due to lower home prices, favorably low mortgage interest rates and massive pent-up demand due to reduced purchase activity.
To keep things in the proper perspective however, it is clear that the housing market remains in the grip of a dramatic correction and will not see rising prices until Unsold Inventory levels have been reduced significantly. Until then home prices will likely drift slightly lower, although at a slower pace than the past 2 years. But a bottom to the housing downturn may be forming which would be a first step towards recovery. Potential home buyers who have been delaying their purchase in an attempt to 'time the market' should consider whether that time has now come. This is because the greater risk in delaying is the likelihood of higher mortgage rates in the future due to the inflationary pressures of high oil and food prices which will erase any potential savings from future price declines. Supporting this view is recent remarks by Federal Reserve Chairman Ben Bernanke indicating that future interest rate cuts are not likely due to a need to guard against inflation. Our analysis of the cost-benefit relationship of delaying a home purchase indicates that the added monthly cost attributable to rising interest rates is likely to be greater than the savings generated by any further price declines. Thus, the next 6 months will present a rare combination of low interest rates, low home pricing and a wide selection of homes being offered by motivated sellers. We're all likely to look back five years from now and conclude that 2008, and 2009 was a time when Smart Buyers took advantage of this unique opportunity by locking in both low prices and low interest rates. I'm reminded of the axiom that the right time to sell is when everyone else is buying, and the right time to buy is when everyone else is selling. Call me today for a continued update of homes that are "Just on the Market" There are homes in all price ranges, as indicated above. I will also furnish you with Interest rate information, as well as town information. You can send me an e mail realtorpaula777@aol.com
For all Real Estate information for Woodcliff Lake NJ.
Just an FYI from Paula Clark, Coldwell Banker.. Your Real Estate Agent in Bergen County NJ
There are so many credits to be given to buyers today. Whether you are buying a new home, or renovating your existing home.
Energy, Green are everywhere, and surfacing all over the nation. The Government is giving you money if you are installing improvements that help save energy. I saw a show on 60 minutes about a homeowner that has all of his appliances using Solar. Panels on the roof, gadgets that move to have the panels find the sun, so that when the sun is down it is still generating power from the sun. It actually stores it. Windmills that use wind for energy. His electric meter is actually running backwards! Imagine? The electric company is actually giving him credits! I am not saying that we all can go to this extreme, but if you are going to install a furnace, hot water heater, windows in your home, why not check to see if they are F.D.A. approved, and qualify for a credit.
Windows must be NFRC/30. .30 BEING THE U FACTOR. Solar heat, and Solar heat gain.
Northvale conducted a council meeting at the borough on October 6. to discuss plans for work to be done at Veterans park. Construction bids were sent in and reviewed, and the lowest bid was chosen. One matter of concern is whether or not to keep the current poles that support the backboard and nets. If the design is changed the added cost would be $3,000 for reconstruction. Another item on the Agenda was the stream cleaning of Sparkill Brook. According to Major John Hogan, the stream has not been cleaned in 20 years. The stream has produced a chronic flooding issue, but the council has received the permit to have the work done, and Hogan hopes to have it completed this fall. The work would involve cleaning the drbris and growth as well as dredging the stream to create a deeper channel to reduce flooding.
For a continued update of related issues for The Northern Valley, and Bergen County. log onto Paula Clark and her web site. www.PaulaClarkRealtor.com
Happy couple that takes advantage of this market. With interest rates low, and the new first time buyer's credit, it's an easy decision to make. Paula Clark of Coldwell Banker has just Sold another home to First time buyers. Updated 3 bedroom, 2 bath colonial on the border of Ridgewood NJ.
Bergen County home buyers can get up-to-the-minute market reports with my MLS Market Snapshot. The Market Snapshot is an automatic service that charts current up-to-the-minute market activity of homes in the area, including such data as sold homes, properties for sale, inventory counts and even days-on-market. It provides real-time MLS market trend information with up to the minute graphical reports that speak directly to your requested needs.The Market Snapshot addresses the following key questions:
What is the supply of unsold homes in my neighborhood?
How fast are homes selling right now?
How do actual selling prices compare to listing prices in my area?
How do I get more for the money in a changing market?
How does it work?
Within a couple of minutes of the initial request, an email is sent to you informing you that the request has been received and that the market snapshot is being prepared. The Market Snapshot will be sent to your email address within 15 to 30 minutes.
Bergen County foreclosure homes continued to rise in June with 339 new Bergen County foreclosure filings for a total of 3,967 foreclosures, according to RealtyTrac.com.
Bergen County Foreclosure Activity and Home Price Index Foreclosure activity has remained relatively stable for the last couple of months while home appreciation has soared.
Bergen County foreclosure activity is based on the total number of properties that receive foreclosure filings - default notice, foreclosure auction notice or repossession notice - each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
The ‘American Recovery and Reinvestment Act of 2009’ which became law on February 17, promotes energy independence and green jobs through tax credits and government grants. This is part of an effort to make Bergen County homes and buildings more energy efficient.
Energy saving provisions include:
$6 billion to state and local governments for energy efficiency and conservation grants for energy audits, retrofits and financial incentives.
30% tax credit (increased from 10%) to homeowners for new furnaces, windows and insulation.
$5 billion to modernize the nation’s electricity grid and install smart meters on homes, saving homeowners money.
$5 billion for weatherization assistance for low income households.
$2 billion for federally assisted housing (section efficiency efforts.
With an "iffy" economy and the recent changes in first time buyer incentives, figuring out if you should rent or buy can be tricky. Can you afford the down payment? Or, is it cheaper to rent? Luckily, here is two awesome tools to help you make that hefty decision. First, find a home you like. Then, try the Rent vs. Buy Calculator to find out how much you can buy or save by renting or buying. Or, use the Mortgage calculator to get an idea of what your monthly payments would be. What do you have to lose?
Your home may be the biggest investment you'll ever make. So if you're serious about protecting that investment, here is some important information to consider when determining the coverage amount for your home
Make sure that your home is insured for at least 100% of its estimated replacement cost.
Understand the difference between market value and replacement cost for insurance purposes.
When buying a new home, be sure to obtain a replacement cost estimate.
Wood framing is yesterday's building method. Today, concrete is sustainable and today concrete is king.
"In both residential and commercial buildings, structures built with concrete to the roof offer long lasting benefits to home owners and owners of commercial structures," says Todd Blyth at Nudura. "Once these comforts are experienced, the homeowners and commercial building owners would never go back to wood or other traditional building methods."
Nudura, a company known for an ingenious, interlocking concrete-form building system, has recently won four, prestigious ICF Builder Awards, most notably for a LEED rated project. Leadership in Energy and Environmental Design administers a third-party certification program, which has now set an international benchmark for the construction and operation of sustainable, high performance buildings. Nudura builds the walls to the roof with a method that entails interlocking forms with two layers of polystyrene, steal reinforced, and filled with concrete. Here's why concrete so readily trumps wood:
Conservation: The more trees covering the planet the better for oxygen supply and green house gas reduction. Instead of using wood for construction, concrete will save this important natural resource.
Cost Cutting: The energy savings with concrete walls range from up to 50-70 percent. Solid core, concrete keeps home temperatures consistent requiring less energy for heat, cooling, and climate control. Wood structures are prone to thermal bridging where the outside cold penetrates too easily, causing drafts and cold spots.
Fire Resistant: In addition to long-term durability, and wind resistance, concrete walls report 4-hour fire protection.
Durability: Solid concrete core walls are shown to be up to nine times stronger, withstanding winds up to 400 km-/hr and a debris impact up to 185 km-hr. Wood walls are subject to moisture, dry rot, and deterioration.
Indoor Air Quality: Wood structures are also prone to moisture retention, promoting mold growth with airborne respiratory irritants. The newest concrete system (nudura.com) is quick to assemble for builders, brings beauty to the design, emits no fumes, retains no water, and is virtually sound proof.
Our Bergen County Real Estate Market is changing everyday. With the changes there are many opportunities for Buyers.
Interest rates are low and homes are afforable. Bergen County home sellers have become negotiable. Sellers that must sell, but don't have enough equity in their home, or owe more than the market will bear should talk to a Professional that understands how to deal with this type of situation.
I am a Full Time Realtor, available 24/7, serving All of Bergen County New Jersey as well as The Northern and The Pascack Valley of Bergen County, Edgewater, Fort Lee, Paramus, Oradell, Norwood, Northvale, Harrington Park, Old Tappan, Closter, Alpine, Saddle River, Ho Ho Kus, Washington Township, Westwood, West New York, North Bergen, and even Hudson County.
Working with first time Buyers is also one of our Specialties.
We are here to help!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
efficiency efforts.
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