5 Reasons to Sell Before Spring in Nutley

Selling your home in Nutley

Many sellers in Nutley  feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.

Only Serious Buyers Are Out in Nutley

At this time of year, only those purchasers who are serious about buying a home in Nutley will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.

There Is Far Less Competition in Nutley

Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale.

The Process Will Be Quicker

One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.

There Will Never Be a Better Time to Move-Up in Nutley

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.

It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.

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    I am happy to announce the sale of my listing at 28 Peniston Ave in East Hanover New Jersey

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      Just Married – Open House Make Your Nervous What To Ask That Scary Looking Realtor in The Corner Get Confident

      An open house in Montclair NJ gives you a great opportunity to look more closely at real estate you might be interested in buying. It also affords you the chance to chat with the owner or real estate agent so you can bring up any issues or hesitations you have with the home.

      Knowing what to ask can be difficult, so below are examples of questions to ask at the next open house you attend.

      Why Has The Seller Decided To Sell Now in Montclair?

      If you ask why the seller is moving out of Montclair, you could learn valuable information to help determine your offer or possibly whether or not you want to buy the home.

      Knowing whether the owners are about to go into foreclosure, have experienced trouble in the neighborhood, or if they’ve retired and completely paid off the home can help you understand how urgently they need to sell their property.

      Has The Seller Had Any Other Offers?

      Don’t forget that you are not only negotiating with the seller for a price, you are also competing with other potential buyers. It really helps to know what you are up against.

      It is important to understand that you might not get a 100% straight answer to this question as most sellers know that competition or perceived competition can cause a potential buyer to move forward more quickly and at a higher price.

      If you’re comfortable in this discussion, you might want to try and see if you can find out the details of any other offers.

      Does The Property Have Special Ownership Costs?

      Ask the agent or owner about the other costs associated with owning the property, such as Home Owners Association fees within a condo complex or a gated community. It’s important to know about these extra expenses in advance so you can make an informed offer.

      You may also want to ask about any pending litigation concerning the property. Litigation is not always a deal killer, but it’s better to know the details before you sign closing documents.

      What Furniture And Appliances Are Being Sold With The House?

      Most of the time, a seller will include their major appliances such as the refrigerator, stove and dishwasher with the home, but this isn’t always the case. If you don’t already have these items, it’s important to know whether they are included in the purchase price.

      Is There Anything Else That You Want To Leave With The Home?

      This is an important question to ask. Especially if there are specific things in the home that you have a strong interest in. Perhaps there is custom art work or a pool table that fits perfectly in the game room.

      The seller may be eager to part with those items and include them in the sale of the home or sell them at a large discount. The open house is a great opportunity to learn more about a home before making the decision to buy it, so be sure you ask the right questions.

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        Take Notice of These Potential Issues When Shopping For A Home in Nutley

        Creacked Foundation
        The last thing a buyer wants to happen after signing a mortgage is to find the their new dream home in Nutley  has foundation issues or another costly repair that derails their move-in plans. These issues can be largely avoided if buyers are prepared to address potential property problems before they buy a home. Shoppers who are interested in a property can hire an inspector to pinpoint problems, and may be able to have the seller fix these issues before moving in or negotiate a better price for the home.
        Whichever option a home buyer chooses, it’s important to be aware of repair needs before signing a contract. There are several areas adults should look for when shopping for their dream home.
        Check for Foundation & Water Damage
        The foundation of a home is one of the first areas home buyers should examine, primarily because this type of repair can be costly. My husband and I ended up walking away from a great home this year in Nutley  because it had so many vertical cracks in the foundation and our counsel advised us against making the purchase.
        During the home staging, home buyers should examine the basement and exterior of the house carefully for cracks in the stone or drywall, especially around windows and doors. In addition to foundation problems, shoppers should also check the home carefully for water damage. Individuals may be able to spot this type of damage in basements, especially if there was a leak, as well as bathrooms and kitchen. A musty odor in a basement can also indicate water damage.
        Adults should check under sinks and behind toilets. Buyers are looking for brown or white stains on the walls or near pipes that may suggest mold, which can be potentially toxic.
        Examine Electric and HVAC Systems
        Older homes in Nutley NJ can be beautiful and grandiose, but the electric wiring inside the house may be old or out of date, which can cause safety and fire issues. Buyers should consider hiring an electrician to determine what type of wiring older homes have, according to MSN. For instance, some older properties built in the early 1900s may come with knob-and-tube wires, which can pose safety problems if they were tampered with by previous homeowners, the news source explains.
        In addition, buyers should also inspect the property’s HVAC systems to determine if they look outdated or appear to be functioning at a poor pace. Buyers should examine vents as well to see if they are properly connected and hire a professional if needed.

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          How to Buy a House in New Jersey

          For many people, it’s the biggest financial transaction they’ll ever make. That’s why doing it right the first time is so important. Sometimes, buying a house can feel like a dizzying set of rules and regulations. Luckily, armed with the right knowledge and know-how, you can start realizing your homeowner dreams — the fast, easy, effective way.

          Part 1 of 4: Getting Your Financials in Order

          1. Strengthen your credit. The higher your FICO score, which ranges from 300 to 850, the better interest rate you’ll qualify for. This is extremely important. The difference between a 4.5% interest mortgage and a 5% interest mortgage can mean tens of thousands of dollars over the life of the loan.
          2. Get pre-approved to get the actual amount you can pay. Apply to several lenders within a two week period so that the inquiries do not damage your credit report. Do this before contacting a real estate agent so you have a firm idea of what you can afford, and you don’t accidentally fall in love with a house that you cannot afford.

          • Seller love buyers who get pre-approved. Pre-approved buyers are almost always given the green light by lenders, meaning there’s less risk for the deal to get scuttled in the end.
          • Don’t accidentally get pre-qualified instead of pre-approved. There’s a difference. Pre-approval means that the lender is usually prepared to give you a loan after seeing your financial vitals. Pre-qualified only means that the lender is estimating what you could borrow. It doesn’t mean you’ll get a loan.

          3. Shop for your mortgage. Wait — why would I shop for a mortgage before deciding on a house? Isn’t that totally backward?[2] Not necessarily. Shopping for a mortgage before you decide on a house can be beneficial for one overriding reason:

          • You’ll know exactly how much you can borrow before you buy your home. Too many people fall in love with a home that they — well — can’t afford. They struggle finding a mortgage that covers the cost of the home. Finding a mortgage first and a home second is decidedly less sexy, but it’s twice as smart. You’ll immediately be able to tell whether a home is in your price range or out of it.
          • Think about the sort of down-payment you’ll be able to afford. This should be part of your mortgage calculations, although you don’t need to know for sure when shopping for a mortgage. Have a general idea in mind. More on this later in the article.
          • Find out what ratios lenders are using to determine if you qualify for a loan. “28 and 36” is a commonly used ratio.[3] It means that 28% of your gross income (before you pay taxes) must cover your intended housing expenses (including principal and interest on the mortgage, as well as real estate taxes and insurance). Monthly payments on your outstanding debts, when combined with your housing expenses, must not exceed 36% of your gross income. Find each percentage for your monthly gross income (28% and 36% of $3750 = $1050 and $1350, respectively). Your monthly payments on outstanding debts cannot exceed the difference between the ($300) or else you will not be approved.

          4. If you qualify, check out first-time buyers’ programs. These often have much lower down payment requirements. These are offered by various states and local governments. You may also be able to access up to $10,000 from your 401(k) or Roth IRA without penalty. Ask your broker or employer’s human resources department for specifics regarding borrowing against those assets.

          Then Call Me ay 862-228-0554

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            Secrets to Buying Your First Home in Nutley NJ

            Secrets to Buying Your First Home in Nutley NJ

            The basics of looking for your first home in Nutley NJ are an often discussed item within real estate circles. I should know because we dedicated a whole week to it. But as any experience homeowner or real estate professional will tell you, there’s always more that can be learned to prepare you for buying that first home.

            In this segment from NBC’s LXTV Open House, Coldwell Banker Residential Brokerage agent, Ronnie Aiosa, teams up with designer and home improvement pro, George Oliphant, to cover some of the secrets to buying your first home.

            One of the most useful tips they hit on in the video that was important for me was to look past the decor. When my wife and I first saw our current home, I was ready to turn around and leave after the first five minutes. The previous owners had painted the baseboard heating panels orange and baby blue. Baby blue! Wallpaper from Tony Manero’s house in Saturday Night Fever adorned pretty much every room. But our Coldwell Banker agent, emphasized that it’s easy to paint and wallpaper can be removed. If the “bones” of the house and the location fit our needs we shouldn’t let the lack of good taste in wall decor stop us.

            So if your looking for your first home, call our Coldwell Banker Agent Matthew DeFede at 862-228-0554

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              Buying An Older Home in Nutley Scared Frustrated Not Sure About Cost of Repairs if Any Could Break The Family Bank

              Buying an older home in Nutley

              Tips for Buying an Older Home in Nutley NJ

              Many consumers seek out older homes, such as Victorians and English colonials, for their beauty, space and rich history. When it comes to buying a home that was built decades ago, it’s important to examine the house more closely than a newly-built property. Older homes may have different electrical systems, tanks and even paint that may need to be updated before moving in.

              There are several solutions to the most common issues homeowners run into after purchasing an older house.

              Hire an inspector

              The electrical and tank systems in older homes may be outdated, so it’s important for new homeowners to hire a professional to examine these systems. Many rubbers that were used in the original wiring of electrical systems may corrode over time, and a professional will be able to tell if new wiring is needed. Common signs of wire corrosion or abrasion include dim or flickering lights, fuses that frequently cut out, frequent electrical shocks and strange sounds or smells coming from outlets, MSN Real Estate reports. If electricians find potential issues, they can install new safety upgrades to the home at minimal costs.

              In addition to older electrical systems, some homes’ heating may also run on oil fuel. It’s important to make sure oil tanks, which are typically located in basements or underground in the yard, are functioning properly and not leaking. Common signs of leakage can be detected by inspecting the area near the tank for oil spots. In addition, it’s important to find out how old the tank is, as most should be replaced every 10 to 15 years. For tanks that are located underground, it may be best to hire a professional who has more expertise and the tools to examine it.

              The cost to replace tanks vary by several factors, including size and location, however there are several sources of financial assistance offered by states to help cover the costs.

              Repaint your home

              Lead paint was popular during the early 1900s, and many older homes may still have their original paint jobs. In cases where the paint is intact and not flaking or peeling, homeowners can simply paint over it. In instances where the paint is showing signs of wear and peeling, the old paint needs to be removed before it’s painted over.

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                How to Price Your Home for Sale in Nutley

                How to Price Your Home for Sale in Nutley

                Selling A Home in Nutley

                A lot goes into selling a home in Nutley, but one of the first questions many owners ask themselves before placing their home on the market is how to price their property. One of the most effective ways owners can set a price is by having their home appraised to determine the market value of their property. Hiring a professional to appraise a home can help owners avoid pricing their houses too high or low, and turning off potential buyers.

                Find a qualified appraiser

                Homeowners can contact an appraisal management company to send out a qualified appraiser to assess the value of a home. However, sellers should specify that they prefer an appraiser who is familiar with the local market, according to AOL Real Estate. While a professional will focus primarily on the home, its features and any flaws or needed repairs it needs, it can be to a homeowner’s benefit to have an appraiser that knows what the homes in a town or surrounding neighborhood are going for.

                Home values can vary greatly by community, so homeowners should take the appraiser’s opinion as well as the market forces in their particular neighborhood into consideration when setting a fair price. A real estate agent in Nutley  can guide you through this process.

                Prepare in advance for the appraiser’s visit

                The appraisal process is similar to that of a home inspection. The professional will need access to every area of the home to pinpoint high-value features, potential issues with the house and other factors that will drive its overall value. For this reason, it’s important to declutter the home and make it easier for a professional to work.

                In addition, curb appeal might affect an appraiser’s assessment, so it’s also important to tend to the outside of the home. A well-manicured lawn, trimmed trees and bushes and a flower bed that has been well cared for can have the same positive effect on an appraisal as it does for potential buyers. In addition, it can be helpful to have a list of recent improvements, upgrades, renovations and other updates that have been made to the home since it was first purchased.

                Lastly, keep in mind that an appraiser’s assessment should be used a guide for setting the home price in Nutley, not a concrete figure. In special circumstances, home sellers may ask for a higher or lower price, and it’s important that they take a variety of factors into consideration when putting their home on the market.

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                  The Ultimate First Time Homebuyers Guide

                  First Time Home Depot

                  Taking the step from renter to homeowner is one of the most empowering and memorable moments in a person’s life. Before investing savings and committing to a mortgage agreement, however, it’s important to thoroughly inspect the home you want to buy and to understand the extent and cost of renovations it may need.

                  This resource guide, compiled by a team at The Home Depot, is designed to assist first-time homebuyers through the process of evaluating a home’s condition and understanding some of the most common repairs and renovations a house may require. The guide spans topics that include foundations, roofingplumbingheating and cooling and the electrical system.

                  What to Look For During Your Home Inspection

                  From the foundation to the roof to the electrical system, understand the basics during your walkthrough.Click Here

                  1. Is the home structurally secure?

                  CB 1Homebuyers Guide House with Magnifying glass The Ultimate First Time Homebuyers Guide

                  DIY Home Inspector Checklist: 25 Places to Watch
                  Before signing a contract, look out for the most common (and costly) problems. Click Here

                  Six Signs that the Home Could Be a Lemon
                  Look out for common signs of hidden major problems. Click Here

                  Signs of Foundation Problems to Look Out For
                  A home without a solid foundation can be a serious money pit. Click Here

                  How to Assess the Severity of a Home Foundation Problem
                  Notice cracks or fissures? Evaluate the extent of the damage before proceeding. Click Here

                  Identifying Termites and Termite Damage
                  These pests can be tough to eradicate, and they can literally eat you out of house and home. Click Here

                  Look Out for Mold and Moisture
                  Established mold can affect your family’s health and require extensive renovations. Click Here

                  How to Inspect Vinyl Siding
                  Vinyl is affordable and attractive, but can hide damage underneath. Click Here

                  2. Do You Have a Solid Roof Over Your Head?

                  CB 2 Homebuyers Guide Roof The Ultimate First Time Homebuyers Guide

                  Evaluate the Condition of the Roof
                  From curling shingles to buckling, roof issues may be part of your negotiation process. Click Here

                  Seven Signs That You Need a New Roof
                  Look out for these common issues atop your new home. Click Here

                  How to Find (and Fix) Leaks in a Roof
                  Don’t be caught off-guard by the first rainstorm in your new home. Click Here

                  How to Replace a Roof – VIDEO
                  Understand what it takes to repair and replace your new home’s roof. Click Here

                  3. Big Ticket Plumbing Issues to Inspect

                  CB 3 Homebuyers Guide Rusty Pipe The Ultimate First Time Homebuyers Guide

                  Home Plumbing Inspection Checklist
                  Get the big picture of how water flows through the home. Click Here

                  How to Check for Hidden Leaks in Your Home’s Plumbing System – VIDEO
                  Are your pipes watertight? Click Here

                  Warning Signs of a Water Leak In Your Home – VIDEO
                  Look out for telltale indications of potentially drastic plumbing problems. Click Here

                  Is There a Clog in Your Main Sewer Line? (Outbound flow of water)
                  Ensure that your wastewater has a clear path out of the home. Click Here

                  Is There a Problem With Your Inbound Flow Causing Low Water Pressure?
                  Nobody likes a shower without enough water pressure. Click Here

                  Does the Water Heater Need to Be Replaced?
                  Reliable hot water is a necessity that should come with a home. Click Here

                  4. Check the Heating System

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                  Heating System – Check for Safety and Performance
                  What type of heating system does the home have? Click Here

                  Check That the Furnace Works Properly
                  Don’t buy a house during summer and be caught in the cold in the winter. Click Here

                  Furnace Troubleshooting Checklist
                  Some furnace issues may require only a quick fix — others could affect the sale price. Click Here

                  Buying an Older Home? How to Troubleshoot a Hot Water and Steam Distribution System
                  Make sure you have a qualified repairman before purchasing an antiquated system. Click Here

                  How to Troubleshoot a Forced Air Distribution System
                  If you have hot air but no flow, the problem may only be the fan. Click Here

                  5. Check the Cooling System

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                  Check That the HVAC System Works Properly
                  Replacing an HVAC is expensive — make sure yours will last for years to come. Click Here

                  Do You Need to Replace the A/C Unit?
                  Educate yourself to negotiate a new system if the existing one is failing. Click Here

                  Central Air Conditioning System Inspection
                  Gauge the condition and lifespan of the existing units. Click Here

                  Air Conditioning / Heat Pump Repair Guide
                  Oftentimes a repair can add years to a system’s lifespan. Click Here

                  6. Check the Home’s Energy Efficiency

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                  Conduct a Home Energy Assessment – VIDEO
                  How much power will the home require? Click Here

                  Are the Doors and Windows Tightly Sealed?
                  Find gaps in your home’s seal before being stuck with a hefty heating and cooling bill. Click Here

                  Look for Efficient Window Treatments
                  Is the home designed to maximize energy efficiency? Click Here

                  Gauge the Home’s Energy Yardstick to Measure the Building’s Energy Efficiency
                  Get the big picture of what you can expect to spend each year on power. Click Here

                  7. Is the Electrical System Up to Code and Sufficient for Your Needs?

                  CB 7 Homebuyers Guide Electrical The Ultimate First Time Homebuyers Guide

                  Conduct a Basic Home Electrical Safety Check
                  Look for signs of faulty wiring that could lead to a fire. Click Here

                  How to Conduct a Home Electrical System Inspection – VIDEO
                  Ensure that the wiring is solid and reliable. Click Here

                  Is the Electrical System Up to Code?
                  Don’t buy a house with wiring that doesn’t meet current standards. Click Here

                  10 Wiring Problems Solved
                  Many electricity issues can be quickly fixed — others require a major overhaul. Click Here 

                  Determining the Capacity of a Residential Electric Service
                  Will the home meet your anticipated power needs? Click Here

                  8. Is the home prepared for a natural disaster or severe weather?

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                  What Do You Need to Make Sure Your Home is Ready for a Storm?
                  Be confident that the house can withstand high winds. Click Here

                  Are There Steps in Place to Avoid a Home Fire?
                  Check that the home is not at unnecessary risk for a fire. Click Here

                  Are You Ready for a Flood? How to Install a Sump Pump
                  Invest in a pump to avoid devastating damage from a flood. Click Here

                  For more great tips check out The Home Depot on Facebook and Twitter.

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                    Diwali at Home in Nutley

                    Diwali at home

                    Holiday Cheer, Festive Air, Season’s Greetings – no, it’s not Christmas yet – it is another holiday – Diwali (or Deepavali) – the Festival of Lights celebrated by millions of Indians – this weekend on Nov 2nd and 3rd.

                    Growing up in India, this time of the year was special for me. It was in the air, all around me. Everyone was in the holiday spirit. Stores were all decked up, lots of gift-shopping, homes being cleaned and decorated! Stressful as it was, I was always filled with a sense of warmth and joy. It was a time of celebration – for all the things I have in my life, family and relationships, my Home! The kitchen became the warmest place (pun intended) in the weeks leading up to Diwali. My mom would churn out these delicious treats – sweet and savory…Mmmm, I can taste it even today.

                    Half way across the world and many years later, I am feeling the warmth in my own kitchen as I prepare to celebrate Diwali this weekend. Notwithstanding the fact that my efforts last night were disastrous (and I am going to try and fix that tonight!), I am keeping traditions alive.

                    My home will light up this weekend with Diyas (earthen lamps) and my front porch will have Rangoli, as will millions of people across the world. I will welcome happiness and prosperity into my home and pray that it sustains through the New Year. I will celebrate with family and friends with lots of food and gifts. No other time of the year says home, family, and tradition to me more than this holiday. Sound familiar?

                    From our home to yours – here’s wishing everyone peace, joy and cheer all year long.

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