E-mail click here>>>>>>

  

         Map Courtesy of Digital Map Store  

                                    My Specialization:

Education & Certifications * Member Monmouth County Board of Realtors * Member of New Jersey Association of Realtors  * Licensed New Jersey Real Estate Sales Associate Expertise  Commercial Real Estate Apartment, Multi- building, office building,  commercial investment properties Specialist    COMMERCIAL Real Estates: NJ, NY  RESIDENTIAL: Eatontown, Red Bank, Long Branch, West Long Branch, Oceanport, Sea Bright, throughout Monmouth County

We at Prudential Zack

, REALTORS have been answering these questions for years. Over the years we have found some basic questions are asked on a regular basis. Because we believe getting the answers to these questions help give our customers the service they deserve, we have, with the help the National Association of Realtors, put together this informational report. Our objective is to get to our customers the straight answers to their questions about selling a home. We have found that when our customers are informed about the home selling process they have a much more rewarding experience. We also know from experience that there is no substitute for a professional Real Estate Agent who has the knowledge to help our customers get the job done. Selling a home requires making the right decisions at the right time. We at Prudential Zack pride ourselves in having the most highly trained Agents in the Business to help keep our sellers informed and to be in contact every step of the way. We look forward to being of service to you.  

About Our Company

Since 1925 Prudential Zack, REALTORS (formerly Zachariae Realty) has been on the forefront of the ever-evolving Real Estate industry. Within the markets we serve, the Company consists of six offices throughout Southern Ocean County serving the Jersey Shore from Berkeley Township to Long Beach Island to Little Egg Harbor. The name Prudential Zack, REALTORS has become synonymous with Real Estate knowledge and expertise. This Company has developed a market awareness that is second to none. Our advanced computer system and state of the art website have the ability to gather, analyze and compare a vast amount of data, putting us light years ahead of the competition in terms of providing accurate information to our customers. Our enormous data bases allow us to target prospective homebuyers through direct mailings and email. Quality service provided through trained professionals and teamwork is the key to our success. While many Real Estate companies have come and gone in the last 80 years, Prudential Zack, REALTORS is one name people can count on for solving problems and getting the job done today.and tomorrow!

2007 SOLD Commercial Listings in NJ click here>>>            Call me now Looking for Commercial properties for lease     click here>>>>>>>>> Researching Commercial properties for sale click here>>>>>>>>>

Why use a Realtor?  

All real estate licensees are not the same. Only real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® are properly called REALTORS®. They proudly display the REALTOR "R" logo on their business card or other marketing and sales literature. REALTORS® are committed to treat all parties in a transaction honestly. REALTORS® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reports that 84% of home buyers would use the same REALTOR® again. Real estate transactions involve one of the biggest financial investments most people experience in their lifetime. Transactions today usually exceed $100,000. If you had a $100,000 income tax problem, would you attempt to deal with it without the help of a CPA? If you had a $100,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be foolish to consider a deal in real estate without the professional assistance of a REALTOR®. But if you're still not convinced of the value of a REALTOR®, here are a dozen more reasons to use one: Your REALTOR® can help you determine your buying power - that is, your financial reserves plus your borrowing capacity. If you give a REALTOR® some basic information about your available savings, income and current debt, he or she can refer you to lenders best qualified to help you. Most lenders -- banks and mortgage companies -- offer limited choices. Your REALTOR® has many resources to assist you in your home search. Sometimes the property you are seeking is available but not actively advertised in the market, and it will take some investigation by your agent to find all available properties. Your REALTOR® can assist you in the selection process by providing objective information about each property. Agents who are REALTORS® have access to a variety of informational resources. REALTORS® can provide local community information on utilities, zoning, schools, etc. There are two things you'll want to know. First, will the property provide the environment I want for a home or investment? Second, will the property have resale value when I am ready to sell? Your REALTOR® can help you negotiate. There are myriad negotiating factors, including but not limited to price, financing, terms, date of possession and often the inclusion or exclusion of repairs and furnishings or equipment. The purchase agreement should provide a period of time for you to complete appropriate inspections and investigations of the property before you are bound to complete the purchase. Your agent can advise you as to which investigations and inspections are recommended or required. Your REALTOR® provides due diligence during the evaluation of the property. Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. Your REALTOR® can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of property and can be mired in confusing status of past owners or rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. Your REALTOR®, Title Company or attorney can help you resolve issues that might cause problems at a later date. Your REALTOR® can help you in understanding different financing options and in identifying qualified lenders. Your REALTOR® can guide you through the closing process and make sure everything flows together smoothly. When selling your home, your REALTOR® can give you up-to-date information on what is happening in the marketplace and the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle. Your REALTOR® markets your property to other real estate agents and the public. Often, your REALTOR® can recommend repairs or cosmetic work that will significantly enhance the salability of your property. Your REALTOR® markets your property to other real estate agents and the public. In many markets across the country, over 50% of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer. Your REALTOR® acts as the marketing coordinator, disbursing information about your property to other real estate agents through a Multiple Listing Service or other cooperative marketing networks, open houses for agents, etc. The REALTOR® Code of Ethics requires REALTORS® to utilize these cooperative relationships when they benefit their clients. Your REALTOR® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. The NATIONAL ASSOCIATION OF REALTORS® studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR®, you do not have to allow strangers into your home. Your REALTOR® will generally prescreen and accompany qualified prospects through your property. Your REALTOR® can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing -- a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process. Your REALTOR® can help close the sale of your home. Between the initial sales agreement and closing (or settlement), questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR® is the best person to objectively help you resolve these issues and move the transaction to closing (or settlement).

  

Things to know when Selling a Property

Section Index

Understanding Agency................ 5 Things to Do Before You Sell............ Tips for Holding a Yard Sale............. 10 Ways to Make Your House More Salable....... 5 Ways to Speed Up Your Sale............ 7 Steps to Preparing for an Open House........ 10 Ways to Make Your Home Irresistible at an Open House.. 7 Terms to Watch for in a Purchase Contract...... What You.ll Net at Closing.............. Moving Tips for Sellers ............... 6 Items to Have on Hand for the New Owners..... 20 Low-Cost Ways to Spruce Up Your Home..... What Is Appraised Value?................ Understanding Capital Gains in Real Estate......... Does Moving Up Make Sense?........... Remodeling That Pays.................. 12 Tips for Hiring a Remodeling Contractor.......

For more info log on to my web site: http://oelgue.pruzack.com/

Information for Buyers

Let's begin the home buying process so that you can understand how easy and hassle-free we make it for our valued customers. 

From the list below 10 major steps to learn more:

 #1 Getting Ready To Buy
So, you are ready to build the "American Dream?" Preparing to buy a home can be exciting and terrifying at the same time. Luckily, we can lead you in the right direction toward the home for your dreams. You first may want to ask yourself:

• What are you looking for in a new home?
• Do you have enough money to purchase a new home?
• How does your credit look?

You may want to make a list or brainstorm about the features and amenities that you find most appealing in a new home.

 #2 Finding a Realtor
Before you choose a real estate agent, it is important to do your homework on the real estate companies in your area.

1. Search the Internet for your local real estate companies.
2. Review local publications for agent advertisements.
3. Call each company to compare commission fees, marketing campaigns and yearly sales volume.
4. Talk to people. 9 times out of 10, someone you know has sold their home and can point you in the right direction and provide a credible recommendation.

When choosing a real estate agent, do not be afraid to meet with many different agents. After all, they are competing for your business and this is what makes the real estate industry successful. 

It is very important to communicate with your real estate agent and that, in turn, your real estate agent communicates with you.

For more info log on to my web site: http://oelgue.pruzack.com/

WHAT IS A 1031 EXCHANGE?

Internal Revenue Code Section 1031 provides that no gain or loss will be recognized on the exchange of any type of business use or investment property for any other business use or investment property. 1031 Exchanges are not really exchanges in the context of two-party barter. Instead, they are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the capital gains. The only real difference is the investor is increasing his selling and buying power by electing to avoid the drain of taxes under Section 1031 regulations. No other aspects of the transaction are affected. WHO SHOULD CONSIDER A 1031 EXCHANGE? Anyone who is thinking about selling a business use or investment property should consider effecting a 1031 Exchange. An Exchange offers the astute investor an opportunity to reinvest the federal capital gains that would normally be handed over to the IRS and put that money to work for himself. You work too hard to simply pay the tax without carefully considering this reinvestment option. Essentially, 1031 Exchanges should be thought of as an interest free loan from the IRS; one in which the principal may be increased through subsequent exchanges and may never require repayment, if you plan properly.........

For more info log on my web site: http://oelgue.pruzack.com/

Ten Reasons Landlords Pay Too Much Tax
 

No landlord would pay more than necessary for utilities or other operating expenses for a rental property. But every year, millions of landlords pay more taxes on their rental income than they have to. Why? Because they fail to take advantage of all the tax deductions available for owners of rental property.  Reasons landlords may be paying too much in taxes. Rental real estate provides more tax benefits than almost any other investment. Often, these benefits make the difference between losing money and earning a profit on a rental property. But tax deductions are worthless if you don't take advantage of them. Here are the top ten tax deductions for owners of small residential rental property:

1. Interest. Interest is often a landlord's single biggest deductible expense. Common examples of interest that landlords can deduct include mortgage interest payments on loans used to acquire or improve rental property and interest on credit cards for goods or services used in a rental activity.

2. Depreciation. The actual cost of a house, apartment building, or other rental property is not fully deductible in the year in which you pay for it. Instead, landlords get back the cost of real estate through depreciation. This involves deducting a portion of the cost of the property over several years. Residential rental property must be depreciated over 27.5 years.

3. Repairs. The cost of repairs to rental property (provided the repair costs are ordinary, necessary and reasonable) are fully deductible in the year in which they are incurred. Good examples of deductible repairs include repainting, fixing gutters or floors, fixing leaks, plastering and replacing broken windows.

4. Local travel. Landlords are entitled to a tax deduction whenever they drive anywhere for their rental activity. For example, when you drive to your rental building to deal with a tenant complaint or go to the hardware store to purchase a part for a repair, you can deduct your travel expenses. If you drive a car, SUV, van, pickup or panel truck for your rental activity (as most landlords do), you have two options for deducting your vehicle expenses: You can deduct your actual expenses (gasoline, upkeep, repairs) or you can use the standard mileage rate (44.5 cents per mile in 2006)...........

For more info log on my web site: http://oelgue.pruzack.com

TOP 25 DIRECT LENDERS

Jul 1, 2006 12:00 PM
  The following rankings were originally published in the May issue of NREI. The rankings are based on responses to NREI's Top Lender Survey questionnaire, and reflect total dollars financed or arranged in commercial real estate during the 2005 calendar year. Listings are presented in two parts. The first listing includes firms financing direct loans, credit lines, CMBS lending and other forms of direct investments to the industry. The second listing ranks financial intermediaries, including mortgage brokers and financial firms that arranged or facilitated transactions during 2005.

In instances where companies utilized their own balance sheet to close loans, or a line of credit to warehouse loans prior to securitization or sale in the secondary market, that volume was not considered production on an intermediary basis. For example, conduit lending and agency lending constituted direct lending for the purposes of this survey. While NREI made every attempt to ensure the final survey was comprehensive, some companies chose not to participate.  

1.       Bank of America Financed in 2005: $75.9 billion
100 N. Tryon St.
Charlotte, NC 28255
Email: commercialrealestate@bankofamerica.com
Website: www.bofa.com
Officers: Eugene J. Godbold, President, Commercial Real Estate Banking; Ron D. Sturzenegger, Managing Director & Group Head, Real Estate & Lodging Investment Banking; George G. Ellison, Managing Director/ Co-Head Global Structured Finance

2.       Wachovia Financed in 2005: $66.9 billion
301 S. College St.
Charlotte, NC 28202
Phone: (704) 383-6315
Fax: (704) 374-6345
Email: Brett.Smith@wachovia.com
Website: www.wachovia.com
Officers: G. Kennedy Thompson, Chairman/CEO; Tom Wurtz, CFO; William Green, Head of Real Estate Capital Markets; Elise Wilkinson, Corporate Communications Manager

3.       Wells Fargo Financed in 2005: $33.7 billion
420 Montgomery St.
San Francisco, CA 94163
Website: www.wellsfargo.com/realestate
Officers: Dick Kovacevich, Chairman/CEO; Ed Blakey, Head of Wells Fargo Commercial Mortgage; Joe Kerwin, Marketing Manager

4.       Deutsche Bank Financed in 2005: $33 billion
60 Wall St.
New York, NY 10005
Phone: (888) 953-3262
Fax: (212) 797-4664
Website: www.db.com/cre
Officers: Todd Sammann, Managing Director; Ken Dickey, Managing Director

5.       Morgan Stanley Financed in 2005: $25 billion
1221 Avenue of the Americas New York, NY 10020
Phone: (212) 762-6601
Fax: (212) 507-4139
Email: JamesFlaum@morganstanley.com
Website: www.morganstanley.com
Officers: James Flaum, Managing Director; Steven Stern, Managing Director

6.       Capmark Finance Inc. (formerly GMAC Commercial Mortgage) Financed in 2005: $23.5 billion
200 Witmer Rd.
Horsham, PA 19044
Phone: (888) 848-2276
Fax: (215) 328-1976
Email: Public_Relations@gmaccm.com
Website: www.capmark.com
Officers: Robert D. Feller, CEO; Barry Gersten, EVP; Jerry Earnest, EVP; Colleen Plummer, SVP

7.       KeyBank Real Estate Capital Financed in 2005: $22.2 billion
127 Public Square Cleveland, OH 44114
Phone: (888) 539-2221
Website: www.key.com/realestatecapital
Officers: E.J. Burke, EVP/Group Head; John E. Case, EVP/National Sales Manager; Norman V. Nichols, Director, Commercial Mortgage Lending; Laurie Masters, VP, Marketing

8.       Credit Suisse Financed in 2005: $21.9 billion
Eleven Madison Ave.
New York, NY 10010-3629
Phone: (212) 325-2000
Website: www.credit-suisse.com
Officers: Steve Kantor, Managing Director, Global Head of Real Estate & Leverage Finance; Rob Brennan, Managing Director, Global Head of Real Estate Finance & Securities

9.       Lehman Brothers Financed in 2005: $21 billion
399 Park Ave.
New York, NY 10022
Phone: (212) 526-5191
Email: kcohen@lehman.com
Officers: Mark Walsh, Managing Director; Kenneth Cohen, Managing Director; Brett Ersoff, Managing Director

10.   GE Real Estate Financed in 2005: $16.3 billion
292 Long Ridge Rd.
Stamford, CT 06927
Phone: (888) GE-First
Email: GERealEstate@ge.com
Website: www.GERealEstate.com

For more info log on to my web site: http://oelgue.pruzack.com