nj real estate: Mortgage Interest Deduction Limitation Included in President’s Budget Proposal - 02/24/11 01:45 AM
As part of President Obama's Fiscal Year (FY) 2012 budget proposal submitted to Congress on February 14, 2011, the ability for individuals making over $200,000 per year and couples making more than $250,000 per year to deduct their mortgage interest has been limited. The proposal calls for taxpayers in the 33 percent and 35 percent tax brackets to be limited in deducting their mortgage interest payments down to those at the 28 percent rate or below. The President's budget proposal is now before Congress. The National Association of REALTORS® (NAR) will be analyzing this proposal and working with the Congress to … (4 comments)

nj real estate: Is there really a difference between real estate firms? - 10/01/10 07:44 AM
There is a huge difference between firms for both buying and selling a property. Excellent & qualified agents work for all of them but each also has it's "not so good" agents, some agents specialize in short sales, other condo units, and still others in the senior market.  You need to know what best fits you for your needs.  JustJerseyRealEstate.com is a concierge service who matches buyers and sellers with real estate professionals all over the state of New Jersey. We have prescreened and qualified every one of our Realtor partners from many different brands. If you'd like us to refer … (0 comments)

nj real estate: If my first home is a rental property will I be viewed as a 1st time home buyer or investor? - 10/01/10 07:35 AM
It does make a big difference if you occupy the home or not. Your mortgage rate and home owners insurance will be different if its strictly an investment property and not a personal residence. If you plan on buying a house you will not live in & you plan on financing the transaction you will be deemed as an INVESTOR. You will be required to meet investor standards for mortgage down payment, reserves and credit. It makes no difference if you are a first time home buyer or not in this case because the programs are the same regardless now that … (0 comments)

nj real estate: What does it mean when you offer full price and then ask for 10,000 back to the buyer in closing costs? - 06/07/10 05:59 AM
If the list price is $100,000 it means you offered $90,000.  The contract will say $100,000 so you will be asking the mortgage company to finance $100,000 (or the percentage you will need to close the property). In the special provision section the contract will stipulate that the seller contribute $10,000 to closing costs which will be deducted from the final payment at closing.  This type of situation allows the home owner more money for repairs etc. once they move into the home.
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nj real estate: Is now a good time to invest in New Jersey real estate? - 05/28/10 03:21 AM
It's always a good time to invest in real estate but now is a rather unique time.  For the first time in history prices are decreasing at the same time mortgage rates are declining allowing you, the Buyer, more purchasing power.  Real estate should always be looked at as a longer term investment. Yes, people do make money "flipping" homes but it's a lot harder than it seems by watching HGTV! The best way to invest in real estate is by living in or renting a home with a positive cash flow.  If you live in a home while making repairs/updating … (0 comments)

nj real estate: 10 NJ Real Estate Facts for 2010 - 01/16/10 09:07 AM
Jan. 14, 2010 Press Release from the New Jersey Association of REALTORS
(Edison, NJ) The turn of a new year comes with both question and promise regarding New Jersey real estate. To prepare for the year ahead, the New Jersey Association of REALTORS® (NJAR®) has assembled a list of ten facts regarding the current state of real estate to offer some perspective on what to expect in 2010.
"NJAR®'s quarterly housing statistics over the past year have generally indicated home sales rising and prices stabilizing throughout the state," said NJAR® 2010 President Judy Appleby. "These increases in buyer activity should spur … (1 comments)

nj real estate: How do I know the affordability for each town in a county in NJ? - 01/16/10 08:30 AM
Chech out our website http://www.justjerseyrealestate.com it will give you stats for each county in the state through the interactive map and the median home values. It will also narrow school reports by town. The information is compiled by the state and the NJ Association of Realtors so its not bias.
Let me know if you need assiatance in finding an agent in each area to work with we have an excellent referral network throughout the state. Best of luck to you.
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nj real estate: We are looking to buy home in Rutherford/nearby towns - can you suggest buyer's agents? - 08/14/09 02:15 PM
JustJerseyrealestate.com has a network of buyers agent's throughout the state that can assist you in your home search. We use only the best agents from a variety of brands to refer to. When you are ready to begin your search contact me directly and we will introduce to you to an experienced buyer's agent and provide a free transaction assistant to help you with all the details (mortgage, mover, insurance professional). Contact me anytime at no obligation. You can also do your home search on our website and get all the information you will need about the towns, schools and area … (0 comments)

nj real estate: Grand Stone Manor Home, Flemington, NJ--Just Reduced - 03/03/09 07:42 AM
With approximately 8,200 square feet of living space and 5 bedrooms, this spectacular Grand stone Manor house boasts exceptional design with extraordinary quality on a private 8.67 acre setting.  The main house features 13 meticulously detailed rooms off a dramatic walk-through foyer with vaulted ceilings. A family room with fieldstone fireplace and English tiled wet bar add to the charm and hospitality. The back of the house features a wall of windows inviting views through the French doors to the patio, pool and wondrous grounds beyond.
Among the many unique details of this fine home are its fieldstone & clapboard exterior, … (1 comments)

nj real estate: How to choose a Mortgage Broker in NJ? How do I find a mortgage/finance professional? - 03/03/09 02:46 AM
Definately go to a local bank or a New Jersey based bank. There are national banks like Wells Fargo still doing a great job on service and rates but I have found in NJ that the best rates and service are coming out of banks like Hudson City Savings and Affinity Credit Union. Get per-approved for a loan then when you find a home survey local banks for the best rate/program at the time. If you are a first time home buyer you are in great luck with the new federal program. Feel free to go to my site and fill … (0 comments)

nj real estate: Should I check inventory to buy before putting my house up for sale? - 02/25/09 04:16 AM
It's a good idea to do a brief search. Begin going to open houses and looking on the internet to get a "feel" for the market. The inventory will begin to build in New Jersey in the next 30 days as the weather warms. I think this spring you will have a large inventory of homes to choose from too. In the meantime, you should prepare your home for sale by getting it cleaned out and perhaps having an agent do a market analysis so you know what it's really worth...especially if you need the money from one home to purchase … (0 comments)

nj real estate: What incentives are there for first time home buyers? - 04/09/08 12:44 PM
Now is a great time to buy in NJ. Prices are lower than they have been in years and first time home mortgage programs are on the rise again. Ten years ago first time buyer programs were everywhere. It was most of my customers base because the loans were so low it was cheaper to buy than to rent. Well, that time has come again. This past Tuesday I was speaking to my loan officer and he said first time home buyers are getting loans well below market value (4.75%). If you apply for an FHA loan you can do even … (1 comments)

nj real estate: Is now a good time to invest in New Jersey real estate? - 03/20/08 02:12 AM
It's always a good time to invest in real estate but now is a rather unique time.  For the first time in history prices are decreasing at the same time mortgage rates are declining allowing you, the Buyer, more purchasing power.  Real estate should always be looked at as a longer term investment. Yes, people do make money "flipping" homes but it's a lot harder than it seems by watching HGTV! The best way to invest in real estate is by living in or renting a home with a positive cash flow.  If you live in a home while making repairs/updating … (0 comments)

 
Camille Miller, SRES (Just Jersey Real Estate.com)

Camille Miller

SRES

Flemington, NJ

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Just Jersey Real Estate.com

Address: Just Jersey Properties, LLC, NJ

Office: (908) 751-3168

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A Q&A style postings. Questions are asked from actual consumers through our website JustJerseyRealEstate.com and other social media outlets about the real estate market in NJ. Feel free to contact me directly with your own question or FOLLOW ME on Twitter @ItsJersey2Me for real time activity updates.


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