The Difference Having a Professional on Your Side Makes

In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion.

Shows like Property Brothers, Fixer Upper and the dozens more on HGTV have given many a false sense of what it’s like to buy and sell a home.

Now more than ever, you need an expert on your side who is going to guide you toward your dreams and not let anything get in the way of achieving them. Buying and/or selling a home is definitely not something you want to DIY (Do It Yourself)!

Here are just some of the reasons you need a real estate professional in your corner:

There’s more to real estate than finding a house you like online!

There are over 230 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to ensure you achieve your dream?

 You Need a Skilled Negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

What is the home you’re buying or selling worth in today’s market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

Today’s real estate market is highly competitive. Having a professional who’s been there before to guide you through the process is a simple step that will give you a huge advantage!

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Meet G-Money Al! He is going to break down Nutley Real Estate For You All!

Home For Sale in Nutley New Jersey – 4 Bedroom Tudor

Totally Renovated Home in the Yanticaw Section of Nutley, Old World Charm With All Of Today’s Amenities Any Home Buyer Would Want, Granite, Stainless, Finished Basement & Finished Attic A Must See!

What I Love About The Home

This home has the old world charm with the solid build, better than homes that are built today! Close to Parks, Schools & Major Roads, Easy Commute to NYC

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.
  • Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019.
  • CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months.
  • If you are ready and willing to buy your dream home, find out if you are able to!

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Last Chance! Homes are a Bargain Compared to Historic Norms

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase.

The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income it takes to purchase that item today compared to earlier. Let’s look at purchasing a home.

The COST of a home is determined by three major components: price, mortgage interest rate, and wages. The big question? Are we paying a greater percentage of our income toward our monthly mortgage payment today than previous generations? Surprisingly, the answer is no.

Historically, Americans have paid just over 21% of their income toward their monthly mortgage payment.

Though home prices are higher than before, wages have risen as well. And, the most important component in the cost equation – the mortgage rate – is dramatically lower than it was in the 1970s, 1980s, 1990s, and 2000s.

Today, according to the latest Home Affordability Index just released by the National Association of Realtors, Americans are paying 17.4% of their income toward their mortgage payment. That is much lower than the 21% average previous generations have paid.

Last Chance! Homes are a Bargain Compared to Historic Norms | Simplifying The Market

Bottom Line

The cost of purchasing a home today is a bargain compared to previous generations when we look at it from a percentage of income basis. However, with mortgage rates expected to increase and home prices continuing to appreciate, that will not always be the case. Whether you are buying your first home or looking to move-up to a more expensive home, purchasing sooner rather than later probably makes sense.

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Buying a Home Young is the Key to Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set.

“Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.”

The full breakdown is in the chart below:

Buying a Home Young is the Key to Building Wealth | Simplifying The Market

The study goes on to show the impact of purchasing a home at an early age. Those who purchased their first homes when they were younger than 25 had an average of $10,000 left on their mortgage at age 60. The 50% of buyers who purchased in their mid-twenties and early-30s had close to $50,000 left, but traditionally had purchased more expensive homes.

Buying a Home Young is the Key to Building Wealth | Simplifying The Market

Many housing experts are concerned that the homeownership rate amongst millennials, those 18-34, is much lower than previous generations in the same age range. The study results gave a great reason why this generation should consider buying instead of signing a renewal on their lease:

“As people age into retirement, they rely more heavily on their wealth rather than their income to support their lifestyles. Today’s young adults are failing to build housing wealth, the largest single source of wealth, at the same rate as previous generations.

While people make the choice to own or rent that suits them at a given point, maybe more young adults should take into account the long-term consequences of renting when homeownership is an option.”

Bottom Line

If you are one of the many young people debating whether buying a home this year is right for you, let’s get together to discuss your options!

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What I am working on in Nutley & Belleville

5 Enclosure St in Nutley New Jersey

5 Enclosure St Nutley NJ 07110

I have a new 4 bedroom 2 Full Bath & 2 half bath Tudor on Enclosue in Nutley NJ, This home was built in 1880 and the inside has been totally redone , with a finished basement and finished attic this home would be great for NYC commuters that want to live in a more quiet, family oriented town. You can see more of 5 Enclosure here.

23 Taft in Nutley NJ, For Sale & For Rent

23 Taft in Nutley New Jersey

This 3 bedroom 2.5 bath side hall colonial is located in the Linclon Section of Nutley New Jersey, it is on the market for sale and also rent, would make a great first time home, close to NYC and  down the road from the new medical school located in Nutley, clsoe to all major roads and shopping. You can see more photos of 23 Taft here.


31 Hay Ave was on the Market for only 2 weeks its Now UNDER CONTRACT

You can see more photos & information about 31 Have Ave. Here.

57 Prospect St in Nutley New Jersey is For Sale

This 4 bedroom 2.5 bath home located on the southern side of Nutley New Jersey, has a nice open floor plan with a great room and lots of privacy, the Game Room in the finished basement is great if you like to throw paries as well as the private back yard for summertime fun. You can see more photos of 57 Prospect st Here.

824 Main Ave in Arbor Hills is Under Contract

824 Main Ave Belleville NJ

827 Main Ave Arbor Hills is Under Contract

827 Main Ave Belleville NJ

We specialize in selling units in Arbor Hills in Belleville New Jersey, We had unit 827K on the market for one week and we got an accepted offer on the unit. Call me for anymore questions about buying or selling in Arbor Hills in Belleville New Jersey.

918 Memorial Dr in Essex Park is Under Contract

98 Memorial Dr Belleville NJ 07109

Buying a House This Year? This Should Be Your 1st Step!

Buying a House This Year? This Should Be Your 1st Step! | Simplifying The Market

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you through this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the ‘4 Cs’ that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings, and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential homebuyers overestimate the down payment and credit scores necessary to qualify for a mortgage. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so today.

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“The Kernel”A New Mini-Blog By Mayor Joseph Scarpelli of Nutley NJ

"The Kernel" is my new mini-blog that will highlight happenings in Nutley

“The Kernel” is my new mini-blog that will highlight happenings in Nutley. I hope everyone will find the information provided interesting, educational, and occasionally entertaining.

Our premier blog will be a brief history and update on the former Roche property, now called ON3.

Many exciting developments have occurred on ON3 since Roche announced their departure.

Prism Capital Partners purchased the site with a vision of filling the 5 vacant buildings left by Roche and transforming the campus into a life science innovation center.

Nutley is proud that the new state-of-the-art Hackensack School of Medicine at Seton Hall, along with Seton Hall’s School of Health and Medical Sciences, and their School of Nursing have called Nutley their home and are the centerpiece of the new campus.

Modern Meadow, also located in Nutley, is a bio-manufacturing company that produces leather in a laboratory. They have already garnered worldwide attention with their cutting edge technology. They occupy 111 Ideation Way, along with Hackensack Meridian’s Institute for Multiple Myeloma. The Institute will be conducting cancer research to support Hackensack Meridian’s clinical partnership with Sloan Kettering. Also in the same building, the NJIT Innovation Institute’s gene cell therapy laboratory will be leasing space.

Ralph Lauren Corp. has also signed a lease to occupy the entirety of 100 Metro Boulevard. The company, headquartered in Manhattan, plans on retaining 518 jobs and create another 250 positions.

With Ralph Lauren’s addition to the ON3 campus four of the five vacant buildings left upon Roche’s departure will be filled. We eagerly anticipate the announcement of a signed lease for the only remaining vacant building, the iconic 14 story building. This building has outstanding views of Manhattan and the entire metropolitan area. I look forward to seeing who the new tenant will be.

Most recently, Quest Diagnostics started construction to build a new 250,000 square foot facility in Clifton that will be a regional laboratory covering four states.

With the co-location of the School of Medicine, Modern Meadow, Ralph Lauren, Hackensack Meridian cancer research, Quest Diagnostics, and the NJIT Innovation Institute the ON3 site is fast becoming the most exciting, life science, education, research, and international design innovation hub in the entire tri-state area.

Over the past couple of years, many pieces have begun to fall in place to transform the former Roche campus. More than 1200 people are currently in and out of the site on a daily basis. These positive changes have started to invigorate our local economy.

As the campus continues to expand our property values will increase and new construction will add much needed ratables to our revenue base. I am honored and privileged to be Nutley’s mayor during this exciting time in our history.

Written By: Mayor Joseph Scarpelli of Nutley NJ


The Cost Across Time [INFOGRAPHIC]

The Cost Across Time [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years.
  • Rates are projected to climb to 5.0% by this time next year according to Freddie Mac.
  • The impact your interest rate makes on your monthly mortgage cost is significant!
  • Lock in a low rate now while you can!

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