Want to Buy a Short Sale or Foreclosed Home in Nutley, Essex County?

So do you want to buy a short sale home in New Jersey, these deals can be very complex, Short sales may take sometimes 6months to a year to get a bank approval while totally owned bank homes can be closed within a 30 day period. The difference between a distressed property sale and a regular retail sale is when buying a bank owned home or short sales the buyer is usually responsible for all town occupancy requirements and you are truly buying the home “AS IS” no repairs will be made by the bank etc. If you are truly interested in buying a Bank Owned Home or Short Sale give me a call and I can explain the whole process to you.

Related Blogs

    How Do I Calculate the Value of My Home?

    What is the fair market value of my home?

    These are two very common questions when people are considering selling a home. Talk to any real estate agent, and the first thing they’ll tell you about calculating home value is that location is a big factor, but not the only factor. After the big real estate crash many people are asking themselves, ôWhat is the fair market value of my home? Read More >

    Related Blogs

      What Does Short Sale Mean?

      Buying Short Sales: What You Need to Know

      As the real estate market remains volatile, one of the best options for many new homebuyers is purchasing a short sale home. But, what does ôshort saleö mean? A short sale is when lenders have the opportunity to sell a property before the bank forecloses on the home rather than after. While buying short sales creates the opportunity for real estate investors to pay well-below-average housing prices for properties within ideal locations, there are still drawbacks. READ MORE >>

      Related Blogs

        Find the lowest rate, when buying a home in Nutley, NJ

        Find The Lowest Rate When Buying A Home in Nutley

        So you’ve got your new home picked out and you’re ready to embark upon the long process of securing a home loan and ultimately taking ownership of your dream home. Armed with that excitement, you take to the Internet in hopes of uncovering a hidden interest rate nugget, that low rate that other people have overlooked and that you have found through persistence and effort. Well, as you embark on that trip, there are some things to keep in mind during the pursuit for the lowest interest rate possible.

        There are probably thousands of web sites offering financial data that can be pertinent to your search, so it is important to quickly cut through them all and pick one that seems to be at least somewhat reputable and has easy-to-access information. You’ll probably want to focus your search on a 30-yeark, fixed-rate mortgage to get a barometer of the interest rate climate initially.

        There are many sites out there that will go into detail on interest rate fluctuation but finding one with graphs that can show you the trend of that rate over time will provide you with a great piece of ammunition when trying to determine what the short term market might do and what kind of interest rate would, in the end, be a good one for the time frame you’re looking at.

        In addition, there are scores of financial articles written every day about the state of the real estate market and doing some reading on the current state of the market will help you greatly in your pursuit for a low interest rate. Sites like the Wall Street Journal online and other respected newspapers usually publish their full financial sections online. Google News and other outlets can additionally offer a slew of recent financial articles with a search or two.

        Each loan has its own special set of financial aspects, so comparing them can be difficult at first glance. Thankfully, there are sites out there that will do it for you and doing a search for financial loan comparisons will give you a few good results. By putting in some information about you and your financial status, you can get some loan offers back that are tailored to your situation and can be compared against each other. This is a great step to help save time that might otherwise be spent deciphering the many loan options available through a multitude of lending agencies.

        Finally, be thorough in your search. If you are truly looking to get a full picture of the loans available to you, contacting your local institutions (banks and credit unions) is a great step in the process and sometimes the added benefit of supporting local business or having a nearby branch office can make up for an interest rate shortcoming. It is up to you to assign priority to something like that.

        Interest rates are important but while you’ve set out to pursue the lowest rate possible, you might find that there are other benefits you haven’t considered that are important as well. These aspects should also make their way into your loan comparison as things like convenience, reliability and other factors differ from lender to lender. Decide what is important to you and what concessions you would make to accommodate one of those other desires.

        Finding the lowest interest rate possible is a noble goal and with the avalanche of online information at the fingertips of anyone with an Internet connection, finding that rate is easier now that in the past. However, as you go through your search, keep in mind that a mortgage is more than just an interest rate and remain open to other benefits that might offset a bit of a higher rate.

        This is another original article by Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. Are you looking for an experienced Tri City WA Real Estate agency? With 20 years of service based, business experience, Joe and Colleen Lane work hard to serve home buyers and sellers for the Tri Cities of Washington’s Kennewick, Richland, Pasco, and surrounding areas.

        Related Blogs

          Stay Ahead of the Curve: Proactive Selling

          Stay Ahead of the Curve: Proactive Selling

          As with anything else in life, becoming proactive in your pursuit of a particular goal will ultimately pay off. Everyone has heard the stories of men and women that took the reigns of their career and were able to rise through the ranks of their profession to a position of power. We’ve also all have the friend who hates his or her job, complains constantly, but does nothing to change the situation. Don’t be that person.

          Getting proactive in your attempt to sell your home is perhaps the most rewarding, effective step you can take. While many sellers are more than happy to let their real estate agent take over and supply periodic updates on the situation, more and more, sellers are getting actively involved in the process to push a home sale along better than a real estate agent alone.

          Know Your Home’s Weaknesses
          Too many sellers these days are relying on the home inspection as part of the real estate process to tell them what needs to be fixed with a property and what the buyer might take an issue with. Don’t wait for an inspector to go through your home and point out problems after you’ve already accepted an offer. You run the risk of being surprised and having to negotiate a potential problem with an unhappy prospective buyer.

          Instead, take it upon yourself to fix what needs to be fixed and perhaps commission your own appraisal. Getting your furnace or roof certified can speak volumes to a buyer that will appreciate not having to wait for an inspection to be sure that they are buying a quality home. If your personal inspection does turn something up, fix it and trumpet your new furnace or roof in your marketing materials for the home.

          You can even go so far as to get an estimate for a repair that might be necessary and supply it as part of the materials you give to an interested buyer. Often times, that buyer will appreciate the fact that you have disclosed the true condition of the property and are willing to solve the problem over the course of a real estate negotiation. Getting this kind of information out in the open will only foster a stronger relationship between buyer and seller.

          Follow Up With Interested Buyers
          Your teacher may have told you that the best information you can get from a test you’ve taken is an understanding of the questions you got wrong. The same is true for showing a home, an exercise in dressing up your home in an attempt to give an interested buyer the best possible view of your real estate. Not every showing leads to a contract offer, obviously, and understanding what each one did not might help you better market your property.

          It can be very easy to chalk up a fruitless showing to a less-than-committed buyer, but going the extra mile and getting information on why the home wasn’t up to snuff will help you later. You can contact the real estate agent of the interested buyer directly to get your reason. Don’t be pushy and certainly don’t be rude. Simply state that you’d like to know if there are steps you can take to make the home more inviting to the next interested buyer that takes a showing.

          These steps can easily be taken in conjunction with a real estate agent that will likely appreciate the role you want to take in the selling process. Selling your home is often a team effort between you and your realtor, so bring a proactive nature to that team can help sell your home faster. Be that proactive person instead of the sit-back-and-take-it seller that is so common.

          This is another original article by Joe Lane, co-owner of The Lane Real Estate Team at http://www.joelane.com/. Are you looking for an experienced Tri City WA Real Estate agency? With 20 years of service based, business experience, Joe and Colleen Lane work hard to serve home buyers and sellers for the Tri Cities of Washington’s Kennewick, Richland, Pasco, and surrounding areas.

          Related Blogs

            HUD Foreclosure Grants

            What are HUD Foreclosure Grants?

            HUD Foreclosure Grants refer to $73 million, made available through President Obama’s comprehensive Homeowner Affordability and Stability Plan (HASP). Grants will be distributed by the U.S. Department of Housing and Urban Development to over 500 national, regional and local organizations to provide housing counseling and training in an effort to help families find housing and to prevent future foreclosures.  Read More >

            Related Blogs

              Quick Links, Homes For sale in Nutley, Belleville, Clifton & Montclair NJ

              Quick Links, Homes For sale in Nutley, Belleville, Clifton & Montclair NJ

              Homes For Sale in Nutley NJ

              Townhomes For Sale in Nutley NJ

              Condos For Sale in Nutley NJ

              Short Sales in Nutley NJ

              Bank Owned Homes in Nutley NJ

               

               

              Homes For Sale in Belleville NJ

              Townhomes For Sale in Belleville NJ

              Condos For Sale in Belleville NJ

              Short Sales in Belleville NJ

              Bank Owned Homes in Belleville NJ

               

              Homes For Sale in Clifton NJ

              Townhomes For Sale in CliftonNJ

              Condos For Sale in Clifton NJ

              Short Sales in Belleville NJ

              Bank Owned Homes in Clifton NJ

               

              Homes For Sale in Montclair NJ

              Townhomes For Sale in Montclair NJ

              Condos For Sale in Montclair NJ

              Short Sales in Montclair NJ

              Bank Owned Homes in Montclair NJ

               

              Homes For Sale in Wayne NJ

              Townhomes For Sale in Wayne NJ

              Condos For Sale in Wayne NJ

              Short Sales in Wayne NJ

              Bank Owned Homes in Wayne NJ

               

              Homes For Sale in West Milford NJ

              Townhomes For Sale in West Milford NJ

              Condos For Sale in West Milford NJ

              Short Sales in West Milford NJ

              Bank Owned Homes in West Milford NJ


              Matthew De Fede SFR

              COLDWELL BANKER Residential Brokerage

              The Best Web Site For Nutley Real Estate, Clifton Real Estate, Belleville & Bloomfield NJ

              Related Blogs

                Search For Home in Bergen County New Jersey

                Search for Homes in Bergen County New Jersey , See all homes for sale

                Related Blogs

                  Selling Your Home in Nutley NJ, What To Ask Agents Before Your Hire Them.

                  Are you thinking about selling your home in Nutley NJ and you are interviewing Realtors. Here is what to ask.

                  #1 Are You A Franchise Company or Part of a Larger Firm, Just because the office looks impressive does not mean the agents are.

                  #2 What is your Marketing Plan for my home? do you have it in print, don’t just give me lip service about who you know in town, sometimes an agents reputation is more important than all the marketing they may do. Ask around about your agent before you sign that listing agreement.

                  #3 Will you do an open house at least 2-3 times per month? Where do you advertise my Open House? Will you put it online and inthe Newspaper?

                  #4 Once I sign the Listing agreement are you just going to hand me off to one of your assistants? Some agents use assistants like gophers and just wind up handing your most valuable asset off to an under qualified assistant or other agent and you never hear from that agent again until it’s time to re-list. Insist on a call every week for a status update, usually Monday mornings are the best time to schedule these calls.

                  #5 Find out how much traffic your home get’s on the weekends (if the property is vacant) also have a lock box installed, does not matter if its a rental or sale, every listing should be treated equal.

                  #6 Ask about the commission your paying, are they giving and equal share to participating brokers? this can out you at a disadvantage if they are not.

                  #7 Do you offer a home warranty like Coldwell Banker Residential Brokerage does?

                  #8 What if I want to break my listing agreement with my firm, can I do that?

                  I hope these 8 questions help you flush out which Real Estate firm you decide to list your home with in Nutley, please contact me if you have any questions.

                  Related Blogs

                    Are You A New Real Estate Agent in Nutley in the Process of Choosing A Broker?

                    Are you a new Real Estate agent in Nutley NJ?Well here is my opinion on picking an agency to hang your license at, here are a couple of questions that I would ask your potential Broker and don’t think its all about the split, there is allot more to the business than just the split like the following couple of questions you should be asking:

                    1) As the Broker/Manager do you compete for listings with your agents?
                    2) What is your training process, do you have one? if so do you have it in writing?
                    3) Do you rotate floor time rather than have the same agent on the same days all the time?
                    4) What is your marketing strategy and how will you highlight me and help me build my business?
                    5) Are you a franchise and if so what type of marketing support do you get?
                    6) Can I brand myself on all my marketing material, mailers & signs?
                    7) What is the office policy on leads, do you have that in writing?
                    8) Do you suppliment my marketing efforts, do you share costs for mailings, ads etc.

                    Also I would ask around town and see what your potential brokers reputation is, will it hurt you if they have a bad reputation, will it hurt your business? these are very important questions to get you started off on the right path of real estate success.

                    Related Blogs

                      Show Buttons
                      Share On Facebook
                      Share On Twitter
                      Share On Google Plus
                      Share On Linkedin
                      Share On Pinterest
                      Share On Youtube
                      Share On Reddit
                      Share On Stumbleupon
                      Contact us
                      Hide Buttons