Category Archives: Real Estate Tips

Real Estate Tips

Location Location Location….But that’s not all of it

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Getting To Know The Neighborhood Before Buying A Home

There is a reason the term “location, location, location” is used so commonly within the real estate industry.  The location of a property is one of the most important considerations when selecting a home, as it will affect the value of your home, your day-to-day life, and even your own and your family’s safety.  So what can you do to find out a little about the area in which you are considering a home purchase, and what in particular should you be looking for?

Know Your Needs

The biggest obstacle to finding a home in an area that can meet all of your needs is not knowing clearly what those needs are.  While it may be nice to live near the lake, or by your favorite restaurant, what is it that you and your family will need and want in order to have an enjoyable and functional lifestyle?  Facilities such as grocery stores, good schools, and community centers may be necessary for families, whereas access to theaters, good restaurants, and a vibrant nightlife may be important to young professionals.

Get The Info

When searching for your dream home, knowing where to look before starting out can help make the task easier and faster. So before getting started with the house hunting, do a little neighborhood hunting first.  There are a number of resources online, from municipal Web sites to forums, that you can use to find out about prospective areas that may be right for you.  Contacting a real estate agent is also another great resource in finding an area that can meet your needs.

Check It Out For Yourself

All the research in the world can never replace experience, and if you are planning to purchase a home you will want to be sure the location is right before making what will likely be the biggest investment of your life.  Taking a walk in the area, trying out the local facilities, and getting to know some of the locals can really help you to determine whether the area will be a fit for you and your family.  You may also want to check out the area at different times of the day, or even the year, if these are considerations that may affect your happiness in your new home.

A little extra work can really mean not only choosing a home that is right for you, but making sure it is in an area that can meet all of your needs.

Contact us now to get a one time FREE Neighborhood Report.  Complete with school information, median income, local sites and attractions and much more.
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It Pays to work with a Realtor who knows the local Market

Whether you are looking to sell or buy a home, it pays to work with a Realtor who knows the local real estate market inside and out and someone with excellent contacts in all real estate related fields.
www.RecentNJForeclosures.com has taken the guess work out of locating a Realtor with extensive knowledge of local neighborhoods, schools, daycare facilities, community offerings, market conditions, property values, zoning regulations and other ordinances.  Our sponsor Realtors also enjoy superb working relationships with professionals in the areas of financing, real estate law, title search, home inspection, and appraisal.  One of our sponsor Realtors will be in touch with you, to see how they can help you locate a property.

If you’re not sure how much you can get for your home in the current real estate market, or wondering if you can afford your dream home?  Let us help.
We offer free home value and neighborhood marking reports.

We can analyze and determine property values in your area on a daily basis.  If you’re interested

Click here to get a FREE HOME VALUE REPORT or click here to get a FREE NEIGHBORHOOD ANALYSIS

Home Buying Negotiating Tips

Home Buying Negotiating Tips

When it comes to buying a home, the ability and willingness to negotiate is a must for both the buyer and seller.  In general, sellers ask for more than they are actually willing to accept and buyers offer less than they are willing to pay.  The trick is to find the perfect balance so that you, as a buyer, feel good about the purchase price without leaving the seller feeling insulted.

Know Your Market

Real estate is a business that either favors the buyer or seller, hence the terms buyer’s market and seller’s market.  When negotiating a purchase price, it’s important to know which of the two you are in.  As the buyer, you will have the best chance at a successful negotiation if you research the price of other comparable homes in the area before making an offer.

Make It Personal

When you make an offer, the seller will see nothing more than a piece of paper with some numbers on it that represent the price you are willing to pay.  If you really want the seller to take your offer to heart, let them know why you want to buy the home.  You can do this by preparing a handwritten letter expressing your interest and the reasons you fell in love with their house.  If you have a family, tell them about everyone who will be living in the home.  Let them get to know you and allow them to picture the happiness that you can bring to their house.  Believe it or not, some sellers actually look at the process like finding a good home for a lost puppy.  They want quality people to buy their home, so do your best to show them that you are sincere.

Nobody Likes Rejection

Not every offer is accepted, so don’t be disheartened if your first offer isn’t a winner.  In some cases, the seller will make a counteroffer for your consideration.  Have you ever heard the old saying, “never take the first offer?”  The same is true in real estate, and almost every seller knows it.  Your first offer is likely to be less than you are actually willing to pay, which leaves you some bargaining room.

Why Your Offer May Not Be Accepted

There are a number of reasons why a seller may choose to reject an offer, including a feeling that the offer was just too low, the house is newly listed on the market or another offer may be higher than the one you created.  In some cases, sellers may also reject an offer that includes owner financing or other requests that are impossible to meet.  One example may be an offer that requires the house be available within a certain amount of time.  Most contracts require that the seller move out within 30 days, but anything less would require negotiation.

Read The Fine Print

Before you sign anything relating to a real estate transaction, make sure that you read over every detail of the agreement.  If you have any questions, ask a REALTOR®.  After all, real estate is their business and they are there to help you through every step.  If you need a referral for a qualified Realtor in your area, please click here to chat with our referral coordinate.

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Benefits of Homeownership

The Benefits Of Home Ownership

The decision to purchase a home is exciting and a major investment for your future.  Because there is only so much of it to go around, real estate is the top choice for many investors and the desire for most families.  This article is designed to highlight some of the many benefits of home ownership and how buying a home can often turn the American Dream into a reality.

One of the most profitable markets in real estate is rentals, which means that many families are paying to live in a home that isn’t their own.  In some cases, renting a home is necessary.  For all others, the money that would be spent on rent could instead be used to pay a mortgage.  In fact, monthly rent payments often exceed that of a typical mortgage payment.  One of the greatest benefits of home ownership is putting money into something that you can call your own and knowing that the monthly payments are going toward your home’s equity.

Speaking of equity, many properties experience a growth in value as more development moves into the area or the economy strengthens through an increase in job opportunities.  If this happens, home values soar and owners can bask in the glory of their newfound profit.  When you purchase a new car, it depreciates the moment that you drive off of the lot.  When you buy a home, however, it has the potential to appreciate year after year.  There are few things in life that can offer you a return above and beyond your original purchase price, but a home can.

When you own a home, you will enjoy the freedom of decorating and making any changes that you choose without needing the permission of a landlord or property owner.  In addition, you may even be able to use your home’s equity to finance some needed improvements and/or repairs.  In some cases, these changes may even increase the value of your home.  An upgraded kitchen or bathroom, hardwood flooring or an additional room are examples of changes that could result in added value.

Another advantage of home ownership is the tax benefits that are available.  The interest paid on a home mortgage as well as most property taxes paid are tax deductible.  For additional information on deducting mortgage interest and property tax, consult the IRS or a tax professional.

In addition to providing yourself and your family with a feeling of stability and permanence, home ownership can also help strengthen your credit profile through timely mortgage payments and a steady financial history.