bergen county: Drive More Traffic To Your Open House
- 09/14/11 08:31 AM
There is always business out there, you just have to hustle and think outside the box to find it. Gone are the days of sitting back and waiting for the phone to ring. If you are like most real estate agents then hosting open houses is something you routinely do to create more business. The goal is simple when hosting an open house: expose your name to the neighborhood, help showcase your clients listing and MOST importantly make contact with new prospects that need a Real Estate Professional. There is nothing “outside the box” about an open house. The question … (43 comments)
bergen county: It's A Great Time to Buy
- 07/05/11 08:10 AM
There is no way to predict the bottom of the market. If I had a crystal ball maybe, but I don't. So what makes me say that now is a great time to buy? Prices are down and so are rates, add a large inventory to the mix and you have a great trifecta. You want more, how about the large number of "cash" transactions in the market. I have spoken with many realtors recently that are getting cash offers on their listings. Why is that such a big deal? Cash offers mean investors. The investors are getting in the market … (0 comments)
bergen county: FHA Buyers-Now is the Time
- 02/15/11 04:33 AM
If you have potential buyers that you know will be going the route of an FHA mortgage, here is the motivation to get them off the fence and shopping. FHA commissioner David H. Stevens yesterday announced a new premium structure for FHA-insured mortgage loans increasing its annual mortgage insurance premium (MIP) by a quarter of a percentage point (.25) on all 30 and 15 year loans. The upfront MIP will remain unchanged at 1.0 percent. These changes are set to take place on all new FHA insured loans started on or after April 18, 2011. Plain and simple, on average in … (2 comments)
bergen county: Tax Tips for Real Estate Agents
- 12/03/10 05:50 AM
I have a great accountant. He works with a lot of real Estate Agents and he sent me this information yesterday. I thought it might be usefull for all of my Real Estate Agent partners as the year is quickly coming to an end! Real Estate Agents are Self-Employed As a realtor you are considered to be a self-employed, independent contractor. See also the Statutory Nonemployees section. That means making quarterly estimated income tax payments since you will be paid gross commissions generally without taxes being withheld. Failure to pay sufficient tax estimates in a timely manner could lead to costly … (0 comments)
bergen county: Millburn Top New Jersey High School Again
- 11/01/10 10:28 AM
Every two years New Jersey Monthly Magazine devotes an issue to the top High Schools in NJ. It is a great honor to make the top of the list and for Millburn to be number 1 for the second time in as many lists it is an incredible accomplishment. There are some excellent High Schools in New Jersey, one of the many great reasons to live in this state. Whether you agree with the list or not, for people buying or selling this list is an important tool. It's all about perception and people perceive the towns that make this list to be … (0 comments)
bergen county: New Law to Speed up The Short Sale Process
- 10/01/10 09:17 AM
Realtors stressed over dealing with lenders on short sales, as well as distressed homeowners looking for a way out of their mortgage that doesn't involve foreclosure, may find relief is on the way from a new bill introduced in the U.S. House. The new legislation would impose a deadline on lenders to respond to short sale requests, requiring them to return an answer to the borrower within 45 days. I've heard that, as well as seen, a couple potential homebuyers walk away from purchasing short sale property because the lender has taken many months without any response. The idea behind the … (2 comments)
bergen county: 8 ways agents can receive free referrals
- 09/03/10 09:25 AM
Often after an industry goes through an extended "boom" period, the basics of sales are forgotten. When I first saw this list I thought it was basic and obvious. Then as I gave it some thought I realized that maybe it was a good review! 1. Offer a service that is unique. Think about your specialty -- what type of report or article could you write that would help you stand out? What type of signature piece could you develop that is unique to you? Take the time to write it -- and then put it on your website, hand it out … (4 comments)
bergen county: According to the National Association of Realtors, 84 percent of buyers now use the Internet to search for properties
- 08/16/10 11:15 AM
Real Estate Internet Marketing is gaining much importance nowadays, as it is highly important for those who are engaged in selling real estate online. According to a survey conducted by a top-rated magazine, more than 75% of people lean on the internet to buy their dream home. Whether it is 75% or 84% or anywhere in between, one thing is clear, it is more important than ever if you are a Realtor, to have an internet presence. Since many Realtors have their own sites on the web, with features such as pictures of properties as well as floor plans, it has … (0 comments)
bergen county: 50 Social sites that every business needs a presence on
- 08/09/10 10:26 AM
Having an internet presence these days has to be a part of the marketing plan for every business, including anyone in the real estate business. Such a large part of our business comes from referrals, why not take advantage of social networking? Yes it can take up a lot of time, and often addicting. But used properly it can be a large and inexpensive piece of any marketing plan. I came across this list of 50 social sites that every business needs a presence on. It is a great list, here are a couple of my favorite: •1. LinkedIn: LinkedIn is … (3 comments)
bergen county: 101 Fun Things to do in New Jersey
- 07/23/10 11:09 AM
I recently read an article in New Jersey Family that listed 101 fun things to do in New Jersey. I have lived in this state most of my life and I must admit I have done very little on the list. Here are some of the things I want to do: - Tickle your taste buds at the Annual New Jersey State Ice Cream Festival (7/17; Toms River; 732/946-2711). - Cruise on the historic schooner A.J. Meerwald, New Jersey's Official Tall Ship (Port Norris; 856/785-2060). - Visit a wetland. And don't miss the 28th Annual Wings 'n Water Festival at the … (2 comments)
bergen county: NJ offers grants for oil tank removal
- 06/22/10 09:35 AM
Did you know that if you are a New Jersey property owner you may be eligible for a grant or loan for the removal of your underground oil tank? The Petroleum Underground Storage Tank Remediation, Upgrade and Closure Program provides loans and grants to eligible applicants to help finance project costs for the closure and replacement of a non-leaking residential underground storage tank (UST) on or after August 2, 2006 Am I eligible? Applicants with a non-leaking residential UST are eligible for funding for closure/removal and closure/removal/replacement of the UST. Applicants with a leaking residential UST are also eligible for funding. … (1 comments)
bergen county: New Tax Credit for NJ Home Purchases Received Final Legislative Approval Thursday
- 06/11/10 03:29 AM
The Senate voted 38-0 to approve the bill. It was approved 67-8-2 by the Assembly on May 20. It now goes to the governor for his consideration. The bill (A-1678) would establish the New Jersey Homebuyer Tax Credit Program under the New Jersey gross income tax for home purchases made within a year of the bill's enactment. Refundable tax credits would be allowed for up to $15,000 or 5 percent of the home purchase price, whichever is less, for homebuyers of new and previously owned homes.The total credits available would be capped at $100 million, with $75 million allocated for purchases … (3 comments)
bergen county: These days you need more than just a quick pre-qualification
- 06/02/10 11:00 AM
The business sure has changed over the last couple of years. It used to be that anyone could get a loan, so having a pre-qualification wasn't really that big of a deal. Then as things tightened up most realtors realized that spending too much time with a client that wasn't pre-qualified could be a real waste of time. From my experience most realtors would give the client a couple hours looking at houses before they pushed the subject, although I know plenty that wouldn't even go that far! Of course they had a mortgage person that could get their client pre-qualified … (0 comments)
bergen county: Is Financing Getting Easier in Morris County, Bergen County and throughout NJ
- 05/05/10 03:48 AM
Over the past couple of years one of the hardest hit markets has been the "jumbo" market. New Jersey is filled with million dollar homes. The problem wasn't necessarily getting people in these markets financing. The problem was getting them attractive financing as well as financing without having to lay out a ton of money up front. For the most part lenders expected 25% down on these "jumbo" purchases. It's not that the potential buyers in this market don't have the money to put down 25%, more often it's that they would rather invest their money elsewhere. So unless there was … (0 comments)
There is always business out there, you just have to hustle and think outside the box to find it. Gone are the days of sitting back and waiting for the phone to ring. If you are like most real estate agents then hosting open houses is something you routinely do to create more business. The goal is simple when hosting an open house: expose your name to the neighborhood, help showcase your clients listing and MOST importantly make contact with new prospects that need a Real Estate Professional. 
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