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Wednesday, April 29, 2009

#14 in Top 50 of Coldwell Banker

Out of all New Jersey and Rockland County, NY, I hit number 14 overall for the end of 2008. Not bad for a tough and exhausting year. Im proud of myself and my accomplishments and wanted to share the amazing news with everyone who reads my blog. Thank you for your continued support.

Also the Hoboken office in the volume of sales generated has reached #1 for entire hudson county, im proud of not just myself but everyone who keeps on making coldwell banker #1 on the charts! :) $93,000,000! GO CB!

(201) 533-3070

$8,000 Tax Credit is to YOUR advantage

The “American Recovery and Reinvestment Act of 2009,” which was signed into law last week by President Obama provides an $8000 tax credit for first-time Passaic County home buyers.

Important Facts To Know:

-It is a tax credit to home buyers, not a loan as in last year's program;

-It is only for first time home buyers, defined as someone who has not had an ownership interest in a principle residence in the 3 year period prior to the date of the 2009 purchase;

-The buyer must remain in the home for a minimum of 3 years;

-It is applicable to purchases between January 1, 2009 and December 1, 2009; and

-Full credit is available to those with adjusted gross income of $75,000 or less ($150,000 for married filing jointly). The credit is phased out entirely for those with adjusted gross income over $95,000 ($170,000 for married filing jointly).

If you bought a home last year under the old $7,500 tax credit rules, those rules still apply to your 2008 home purchase.

Friday, April 24, 2009

W Marks the Spot

The internationally and locally famous descended on the W hoboken hotel last night for its grand opening bash. This brings alot of much needed attention to hoboken, which im very excited about.

The hotel is owned and operated by Starwood, and sits on the block Hoboken-based Applied Development sub leases from the port authority of ny and nj. the port authority actually leases the land from the city of hoboken.

One of our agents, Laura Knecht, has a listings there. Love that girl.

Tuesday, April 14, 2009

Housing project looking for new director

The Hoboken housing authority board of commissinoers voted thursday to begin a search for a new executive director, after years of rumors that they would like to move the agency's politically connected deputy director to the top spot.

The HHA - which oversees Hobokens 1,353 units of subsidized public housing on the west side of town is currently run by interim robert divincent, adding more validity to the town

Politicians need to be accountable and it seems like they have done a good job here in Hoboken.

Wednesday, April 08, 2009

This is when you know things have changed...

Pretty unbelievable to see two enormous homes in Weehawken going for $3.75 million, when only 3 years ago they went for $4.1 million each!

But again I disagree with the buying now considering home appreciation rates are negative. These were two multi level brownstones with crazy views of Manhattan skyline. 3700 square feet, i mean come on !!! :)

Monday, April 06, 2009

One of my properties has FULL PAGE SPREAD in newspaper :)

This was published on Saturday. One of my listings the ardan house was featured on a full page ad. People love the area and not only that price. The craftsmanship is out of this world as alot of my clients say. The property was done by a well known developer who sought out the opportunity to bring a little of hoboken sheikness to and up and coming area. The combination was great they raved!

Over 50% of the units have been sold! 4 more units are left. pricing ranges from $389,000 to $470,000.

The ardan house is exactly what union city needs.

Friday, April 03, 2009

Here are the facts

Real Estate Market Facts

Despite the national trends and statistics you might have heard, the old adage that all real estate is local has never been truer. Market facts in New Jersey, combined with national incentives, make now a good time to get active in New Jersey’s real estate market. Here's why:

- First-time buyers can get up to an $8,000 tax credit.

- Seven-year real estate appreciation in the Garden State at 80% is double the national average.

-Mortgage rates are near historic lows, (last mortgage I did for a client we locked in 4.7%!) giving buyers a better chance to secure low payments for years to come.

-Housing affordability, determined by home prices, income data and other factors, is high in New Jersey.

-Increased Federal Housing Administration (FHA) loan limits means more money is available, expanding your purchasing power.

Buyer incentives help sellers. The more buyers able to enter the market, the larger your potential pool of purchasers will be. Plus, sellers can utilize those buyer benefits if they decide to trade up.

Here are the facts of the real estate market today. Lets go people, get your property on :)

Wednesday, April 01, 2009

Tips on refinancing your mortgage

If you are thinking of refinancing your mortgage, remember to shop around, compare loan terms and negotiate with lenders. Refinancing allows you to switch to a different mortgage with terms that you think are more beneficial. If your credit score has improved, you may be able to get a loan at a lower rate. Or you may want to refinance for a longer term to lower your monthly payments. (suggestion from a seasoned real estate professional like myself, at least 3 or 4 opinions are necessary).

Be prepared however to pay closing or settlement costs to refinance. Lenders are required by federal law to provide a "good faith estimate" of your closing costs within three days of receiving your loan application.

A refinancing calculator that I use for my clients is located at www.federalreserve.gov