Comments for Northern New Jersey Real Estate http://www.newjerseyrealestateguys.com New Jersey Real Estate Tue, 29 Mar 2011 20:56:48 +0000 hourly 1 http://wordpress.org/?v=3.3 Comment on Your NJ Short Sale Specialists – VIDEO Included by Montclair NJ Homes and Real Estate | November 2010 Report | Northern New Jersey Real Estate | http://www.newjerseyrealestateguys.com/blog/short-sale-your-home-with-njreg/#comment-794 Montclair NJ Homes and Real Estate | November 2010 Report | Northern New Jersey Real Estate | Tue, 29 Mar 2011 20:56:48 +0000 http://www.newjerseyrealestateguys.com/?p=3977#comment-794 [...] If you are looking to short sale your home in Montclair, speak to one of our experts about the entire process.  You will be required to use a realtor and we would value an opportunity to offer an interview to lay our our successes, references, and strategies.  Watch a video of Short Sale Process Montclair NJ [...] [...] If you are looking to short sale your home in Montclair, speak to one of our experts about the entire process.  You will be required to use a realtor and we would value an opportunity to offer an interview to lay our our successes, references, and strategies.  Watch a video of Short Sale Process Montclair NJ [...]

]]> Comment on Contact Us by NJ Short Sale Process | Northern New Jersey Real Estate | http://www.newjerseyrealestateguys.com/contact/#comment-790 NJ Short Sale Process | Northern New Jersey Real Estate | Wed, 16 Mar 2011 19:44:18 +0000 http://www.newjerseyrealestateguys.com/?page_id=124#comment-790 [...] Contact Us [...] [...] Contact Us [...]

]]> Comment on Hoboken December Condo | End of Year Report by Garrigus Real Estate Agent REALTOR http://www.newjerseyrealestateguys.com/blog/hoboken-december-condo-end-of-year-report/#comment-772 Garrigus Real Estate Agent REALTOR Mon, 31 Jan 2011 16:59:51 +0000 http://www.newjerseyrealestateguys.com/?p=3925#comment-772 Let's hope this stability sets in and stays for awhile! That's what the housing market needs, to change consumer's perception and overall financial underwriting health. Let’s hope this stability sets in and stays for awhile! That’s what the housing market needs, to change consumer’s perception and overall financial underwriting health.

]]> Comment on Hoboken Condo & Real Estate Report by admin http://www.newjerseyrealestateguys.com/gold-coast/hoboken-condo-inventory-sales-activity/#comment-768 admin Sat, 08 Jan 2011 16:01:53 +0000 http://www.newjerseyrealestateguys.com/?p=2539#comment-768 Hi Gabe, Thanks. Noticed you were in the Stuart, FL area. I just bought a home near Club Med in Pt. St. Lucie behind the Santa Lucia River Club (Ballentrae). It's my getaway when Jersey gets cold and chaotic!! Hi Gabe,
Thanks. Noticed you were in the Stuart, FL area. I just bought a home near Club Med in Pt. St. Lucie behind the Santa Lucia River Club (Ballentrae). It’s my getaway when Jersey gets cold and chaotic!!

]]> Comment on Hoboken Condo & Real Estate Report by Gabe Sanders http://www.newjerseyrealestateguys.com/gold-coast/hoboken-condo-inventory-sales-activity/#comment-767 Gabe Sanders Sat, 08 Jan 2011 14:56:35 +0000 http://www.newjerseyrealestateguys.com/?p=2539#comment-767 You supply some excellent information for your clients. Very interesting read. You supply some excellent information for your clients. Very interesting read.

]]> Comment on Hoboken Condo & Real Estate Report by Hoboken December and End of Year Report Condo Market | Northern New Jersey Real Estate | http://www.newjerseyrealestateguys.com/gold-coast/hoboken-condo-inventory-sales-activity/#comment-766 Hoboken December and End of Year Report Condo Market | Northern New Jersey Real Estate | Thu, 06 Jan 2011 14:51:44 +0000 http://www.newjerseyrealestateguys.com/?p=2539#comment-766 [...] in discussing terms with aggressive sellers.  Match made in heaven!  If you are looking to Buy or Sell a condo or building in Hoboken, please call us.  We are Hoboken’s best!  E-mail us or call Scott @ 877-688-7582.  As [...] [...] in discussing terms with aggressive sellers.  Match made in heaven!  If you are looking to Buy or Sell a condo or building in Hoboken, please call us.  We are Hoboken’s best!  E-mail us or call Scott @ 877-688-7582.  As [...]

]]> Comment on Hoboken December Condo | End of Year Report by Hoboken Real Estate Inventory | Condos sold | absorption | Northern New Jersey Real Estate | http://www.newjerseyrealestateguys.com/blog/hoboken-december-condo-end-of-year-report/#comment-765 Hoboken Real Estate Inventory | Condos sold | absorption | Northern New Jersey Real Estate | Thu, 06 Jan 2011 14:49:26 +0000 http://www.newjerseyrealestateguys.com/?p=3925#comment-765 [...] DECEMBER 2010 HAPPY NEW YEAR REPORT [...] [...] DECEMBER 2010 HAPPY NEW YEAR REPORT [...]

]]> Comment on West Orange NJ Real Estate | Home Sales | Inventory Levels by admin http://www.newjerseyrealestateguys.com/blog/west-orange-homes/#comment-764 admin Mon, 03 Jan 2011 22:39:30 +0000 http://www.newjerseyrealestateguys.com/?p=3112#comment-764 I agree... I love W.O, but the taxes are insane. If nothing is done, my 10% drop in prices may be an understatement, but I hope not. You won't see any homeowners today willing to pay $1,000 in property tax escrows on a $300,000 house. No way, just not economically and financially healthy. Unfortunately I haven't had a client appeal their taxes lately so it is tough for me to say one way or the other. But they should. Everyone should. I agree… I love W.O, but the taxes are insane. If nothing is done, my 10% drop in prices may be an understatement, but I hope not. You won’t see any homeowners today willing to pay $1,000 in property tax escrows on a $300,000 house. No way, just not economically and financially healthy. Unfortunately I haven’t had a client appeal their taxes lately so it is tough for me to say one way or the other. But they should. Everyone should.

]]> Comment on West Orange NJ Real Estate | Home Sales | Inventory Levels by Keith http://www.newjerseyrealestateguys.com/blog/west-orange-homes/#comment-763 Keith Mon, 03 Jan 2011 21:47:52 +0000 http://www.newjerseyrealestateguys.com/?p=3112#comment-763 The reason for the price drops in West Orange can be closely tied to the tax rate. You start to hit on the point in the above article. The current tax ratio in West Orange is not sustainable. Take a look at the M&M condo complex Bel Air. The average tax bill for a townhome in that community is over $18,000 per year. That is for a town-house with no land. How on earth is that sustainable? When looking at property valuations, I figure that every non P&I dollar that has to be spent equates to a $14 drop in housing value. So for a Bel Air townhouse with $18,000 tax bill to be valued in line with a similar townhouse with a 10k tax bill, the Bel Air condo needs to be purchased for $112,000 less (8,000*14). All of the above does not take into account the future tax increases either. The property tax debacle is why buyers are turned off to W. Orange. Sellers should take note of this, and either get their taxes reduced or be willing to accept much lower offers. The reason for the price drops in West Orange can be closely tied to the tax rate. You start to hit on the point in the above article.

The current tax ratio in West Orange is not sustainable. Take a look at the M&M condo complex Bel Air. The average tax bill for a townhome in that community is over $18,000 per year. That is for a town-house with no land.

How on earth is that sustainable? When looking at property valuations, I figure that every non P&I dollar that has to be spent equates to a $14 drop in housing value. So for a Bel Air townhouse with $18,000 tax bill to be valued in line with a similar townhouse with a 10k tax bill, the Bel Air condo needs to be purchased for $112,000 less (8,000*14).

All of the above does not take into account the future tax increases either. The property tax debacle is why buyers are turned off to W. Orange. Sellers should take note of this, and either get their taxes reduced or be willing to accept much lower offers.

]]> Comment on For Buyers, a Season for Deep Discounts by admin http://www.newjerseyrealestateguys.com/blog/for-buyers-a-season-for-deep-discounts/#comment-762 admin Thu, 30 Dec 2010 18:20:45 +0000 http://www.newjerseyrealestateguys.com/?p=3890#comment-762 Hi Mack - Agreed! The first 3 weeks of December, my web traffic was down about 25%. This past week, I am on pace to have my most visitors since the Tax Credit expired! Happy New Year to you as well and I believe 2011 will expose all of the pent up demand that is waiting on the fence. The current increase in mortgage rates are causing people to jump off that fence with the low price availability. Hi Mack -
Agreed! The first 3 weeks of December, my web traffic was down about 25%. This past week, I am on pace to have my most visitors since the Tax Credit expired! Happy New Year to you as well and I believe 2011 will expose all of the pent up demand that is waiting on the fence. The current increase in mortgage rates are causing people to jump off that fence with the low price availability.

]]>