Just Sold in Cambridge Crossings in Clifton

21 Barrister Street, Clifton, NJ

$ Click for current price
2 BEDROOMS | 2 (2 full ) BATHROOMS |

This Townhome located at 21 Barrister Street, Clifton, NJ is currently for sale and has been listed on Trulia for 1 days. This property is listed by REALTY EXECUTIVES ELITE HOMES for $319,000. 21 Barrister St has 2 beds and 2 baths. The property was built in 2001. 21 Barrister St is in the 07013 ZIP code in Clifton, NJ.


Elite Homes

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Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make, this one is presented as something that will help middle-income households. And that is true, but the households that it mainly helps are renter households. Home-owning households will likely see their taxes go up even if they were to take that increased standard deduction. There are two reasons for this.

TaxFirst, although the standard deduction would increase from $12,600 for a family to $24,000, the plan would do away with the personal exemption and the exemption for dependents.

Right now, those exemptions are $4,050 per person, So, for a family of four, the family would see their standard deduction rise from $12,600 to $24,000 but they would also no longer get to take their exemptions, which, under the current code, would total $16,200. So, they would gain almost $12,000 but lose more than $16,000. Households with larger families would lose even more.

Second, for homeowners who are used to itemizing their deductions, all of these deductions except for two—the deductions for charitable giving and mortgage interest—would go away. For many middle-income households (those earning between $50,000 and $200,000), the two remaining itemized deductions won’t be enough to make it advantageous for them to continue itemizing. That’s mainly because they would lose the deduction for state and local taxes, which, for many households, is the single largest itemized deduction they take, even larger than the deduction for mortgage interest. As a result, they would almost certainly stop itemizing and instead take the standard deduction. While that might give some of them a better tax picture than if they continued to itemize, it would nevertheless be less than what they receive in tax benefits under the current code.

Just as importantly, the change would wipe out the distinction between owning and renting in the tax code. That’s a distinction that’s been part of the tax code for more than 100 years and losing it would result in an across-the-board drop in home values by 10 percent or more, NAR estimates.

Of course, everyone’s tax picture is unique. How one person or one family comes out under the proposed changes will differ based on many factors–household income, household expenses, the number of dependents, the size of the mortgage, the state a household lives in, and so on. But in general, based on analyses NAR and other organizations have either done themselves or commissioned others to do, the result won’t be a net gain for most middle-income households but rather a net loss. That’s why NAR and many other organizations are opposing the changes the framework is proposing.

NAR’s concerns are detailed in the latest Voice for Real Estate news video. Watch now.

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The Danger of Under-Pricing Your Home and the Big Lie Real Estate Agents Are Telling You

The Danger of Under-Pricing Your Home and the Big Lie Real Estate Agents Are Telling You

You may think under-pricing your home is the key to making a swift sale. After all, everyone hears about bidding wars and homes which fetch $100K over the asking price in the Brookline or Boston markets.

However, there is a difference between things that sound good and things that are good. Homes sometimes enter these kinds of bidding wars when they’re under-priced in the first place, which means the sellers of these homes will never know if they could have gotten more money.

And here’s the hard truth: they probably could have.

Of course, some sellers aren’t aware of what’s going on: they’re just following the advice of real estate agents who are are happy to make a little less money themselves if it means they don’t have to work particularly hard.

How to Spot a Lazy Realtor

There are two things to look out for here.

The first is the agent’s own marketing. Any agent who boasts about consistently selling homes for 10% above the asking price is under-pricing their offerings almost every time they sell a home. They’ll try to tell you this isn’t the case. Instead, they’ll try to make you believe they’re doing some special kind of marketing to create this advantageous price war.

Unfortunately, that’s a lie.

There is no marketing trick that can magically make a bidding war happen or get you 10% more than the house is worth.  An agent consistently fetching 10% over asking price is consistently under-pricing the home.

Second, these real estate agents will try to tell you that there’s “no such thing” as pricing a home too low. They’ll point out there will be multiple offers over the sales price and will try to convince you these multiple offers will get you to the true value of the home in no time at all.

That is a very easy way to get out of the challenging task of understanding the market well enough to price a home correctly.

The Math Doesn’t Add Up

All you need to debunk this claim is to give some thought as to why there might be a bidding war at all. Why would people race to pay more instead of paying the low price the seller is asking for?

It’s because even if they win the bidding war and pay more than what is asked for they are nevertheless getting a steal of a deal.

Let’s say your lazy agent lists your $600,000 house for $500,000. Now let’s say you get 10% over the asking price.

You’ve just sold your $600,000 house for $550,000, which means the buyer gets a $50,000 discount. Suddenly that bidding war doesn’t look so good. Even if you get 10% more than you asked for you’re still getting $50,000 less than the home is worth.

The bidding war only tells you some savvy buyers recognized they’d gain immediate equity by making an aggressive offer.

In a seller’s market, there could be enough pressure to push the price well over the asking price.  But it is better to start with a price which reflects the value of the home.

Remember: Good Agents Don’t Play Pricing Games

Good agents price homes at market value and help you find the right buyers for those homes. You might only get fewer solid offers this way, but they’ll all be offers which honor the value of your home and the investment you’ve already made.

This Post Was Written Buy: Ruth Malkin

8 Bogle Ave in North Arlington – SOLD

We sold this home in one day for 15k over ask with multiple offers in North Arlington

TOTALLY UPDATED CAPE COD, PROFESSIONALLY LANDSCAPED, TREKS DECK, STAINLESS APPLIANCES, GRANITE COUNTERS, WOOD FLOORS, SALTWATER POOL HEATED, AWNING, PAVER PATIO, PERGOLA, TANKLESS HW HEATER, WTR SOFT. 3 BEDROOM, POSS. 4 – THIS HOME HAS EVERY DETAIL A NEW HOME OWNER WOULD LIKE, FROM TO TO BOTTOM, CROWN MOLDING, LARGE PRIVATE YARD, HAVE YOUR OWN OASIS IN THE HEART OF NORTH ARLINGTON’S MANOR SECTION, CLOSE TO NYC TRANSPORTATION, IN-LAW SUITE AND SO MUCH MORE, NOTHING TO DO BUY MOVE IN AND LIVE.

Spring Garden – Nutley – Home For Sale

23 Cottage Place, Nutley, NJ

$ Click for current price
3 BEDROOMS | 3 (2 full, 1 half ) BATHROOMS |

mint condition home in the spring garden section of nutley, this 3 bedroom 2.5 bath home has everything, stainless appliances, wood floors, large master with bath, deep lot, long drive way, and more. this classic home sits on a dead end right near park, the landscaping is meticulous and the paver and block work are flawless, home has a nice open floor plan and finished basement newer appliances and utilities the home is move in condition!


Elite Homes

Nutley Homes For Sale

179 Centre St, Nutley, NJ

$ Click for current price
3 BEDROOMS | 1 (1 full ) BATHROOMS |

THIS CLASSIC 3 BEDROOM COLONIAL LOCATED IN THE HEART OF NUTLEY NEW JERSEY IS A GREAT HOME FOR SOMEONE THAT DESIRES MORE SPACE AND LOW TAXES, BUILT IN POOL AND SO MUCH MORE TO OFFER.

BUILT DURING THE EARLY PART OF THE 20TH CENTURY THIS HOME IN NUTLEY WAS BUILT BY MR FREEMAN HIMSELF (THE NAME ON THE STREET SIGN) IT HAS A LARGE CORNER LOT WITH ALL THE ORIGINAL WOOD IN TACT AND OPEN AIRY ROOMS, DECK, JACUZZI AND SO MUCH MORE.

THE TAXES ARE LOW ON THIS SIZE HOME UNDER 10K PER YEAR AS WELL.


Elite Homes

Homes for sale in North Arlington NJ

14 Silvia Place, North Arlington, NJ

$ Click for current price
3 BEDROOMS | 2 (1 full, 1 half ) BATHROOMS |

GORGEOUS SPLIT-LAVEL HOME LOCATED IN A GREAT SECTION FOR NORTH ARLINGTON, NYC VIEWS WITH NEWER ROOF, CENTRAL AIR, KITCHEN, FLOORS, SALT WATER POOL AND SO MUCH MORE. GREAT FOR FIRST TIME HOME BUYER AND FOR A NYC COMMUTER LOOKING FOR A TURN KEY HOME. CALL OR TEXT 862-228-0554 FOR A PRIVATE SHOWING.

Presented By:

Realty Executives Elite Homes

Broker/Owner
Realty Executives Elite Homes
862-228-0554
Licensed In: NJ

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Elite Homes

If You’re In a Hurricane-Hit Area, the Federal Government Might Have a Job for You

The U.S. Small Business Administration is looking for damage verifiers in the parts of Texas and Florida that were hit by hurricanes. Damage verifiers are people who use their knowledge about real estate to give the agency their SBAassessment of how much damage a structure  sustained in the storm. By one estimate, almost 150,000 structures were damaged by Hurricane Harvey, so there appears to be a need for many damage verifiers. In Florida, just in the Florida Keys, at least a quarter of all structures were damaged. The SBA is also looking for people to do about half a dozen other contract jobs related to storm recovery, including loan processors.

The SBA opportunity is a top story in the latest Voice for Real Estate news video from NAR. The video also looks at the so-called Big 6 tax reform framework, short-term reauthorization of federal flood insurance, and how to protect your data and your clients’ data from cyber criminals. The video also provides an update on home sales.

Access and share the video.

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Living in Weehawken NJ

 

Thinking About Buying, Selling or Renting in Weehawken New Jersey?

Weehawken has changed so much in this last decade – home values and rents have skyrocketed, activities are everywhere and ultimately the synergy of this growing community is changing lives. Locals and out of state folks alike have come to discover the excitement around Weehawken and throughout my life I’ve seen the developments of this small community grow into one of the best places to live in the world minutes form the greatest city in the world New York City!

Living in Weehawken

Weehawken has become a hip and vibrant local community because of the people and small businesses who have transformed this area. In New Jersey, when you think of local coffee shops, clubs, bars and food – you now think of Weehawken! Buying A Home in Weehawken could be challenging.

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