House Hunting in Nutley New Jersey?

House Hunting In Nutley NJHomebuyers often forget one of the most important steps in the home buying process: arming themselves with a pre-approved mortgage loan before they begin their house hunting.

A pre-approved mortgage loan is a lender’s commitment to lend to the homebuyer, with specifications on the exact loan amount. To get pre-approved, homebuyers need to provide personal financial information — such as income, debts and assets — to a lender. Applications are usually approved with certain caveats. However, with the lender committing to the loan amount and interest rate up front, buyers can have confidence that adequate financing is in place before they start shopping for a home.

Coldwell Banker cites numerous advantages of having a pre-approved mortgage loan, which include the following:

Establishing an advantage in a competitive market: Having a pre-approval letter provides the homebuyer with an edge in a multi-offer situation. Sellers prefer working with potential buyers who are pre-approved in order to avoid the threat of a deal falling through because the purchaser cannot get sufficient financing.  An offer with a mortgage pre-approval letter carries far more weight than an offer with only a pre-qualification letter or no letter at all. In fact, sellers often accept offers from pre-approved buyers over buyers with higher dollar offers who have not been pre-approved. 

Finding the best possible type of loan: Working with a mortgage lender before looking at houses allows the homebuyer plenty of time to evaluate what mortgage product works best for their financial goals. Once they decide upon the kind of loan that they want and are pre-approved, homebuyers can then focus on finding their dream home.

Establishing the price range: Getting pre-approved for a mortgage enables homebuyers to determine, prior to house hunting, how much money they qualify for, and how much they can afford to spend. The real estate sales associate and homebuyers can then focus on finding homes in the established price range.

Seeking comfort with the loan amount: By taking the time to seek pre-approval, the homebuyer can select a comfortable loan amount.  In many cases, buyers can qualify for mortgages that are more expensive than what they feel comfortable committing to for the long-term.  Buyers often end up acquiring a more expensive home than they want merely because it works on paper. It’s important for a buyer to purchase a home that they can afford.

When Your Serious About Selling Your Home in Nutley NJ

When Your Serious About Selling Your Home In Nutley NJ

Tips for home sellers in Nutley NJ

EIGHT INEXPENSIVE RENOVATIONS THAT CAN INCREASE A HOME’S VALUE AND APPEAL TO BUYERS

Home value is top of mind for many homeowners, particularly as the housing market begins to show early signs of recovery from the recent downturn.  Renovations and remodeling can play a critical role in both increasing the value of a home and ensuring that it stands out to potential buyers. 

At a time when most consumers are looking to do more with less, few homeowners may be ready to commit the thousands of dollars it can take to fully redo even a single room.  Before breaking out the tool belt, Coldwell Banker  advises homeowners to check out the free online tools that can help them chart their home remodeling efforts, such as “HomeTracker” available at www.coldwellbanker.com.  Homeowners can also speak with a local Coldwell Banker real estate professional to learn more about specific home improvements that most appeal to buyers in their area of the country.

 The professionals at Coldwell Banker suggest the following eight affordable home improvements for potentially increasing the overall value of a home, without breaking the budget:

· Reface Kitchen Cabinets. Kitchen updates are among the smartest remodeling projects when it comes to “upping” the resale value of a home. But homeowners do not need to spring for an entire new cabinet set to improve the room’s appeal. Refacing existing cabinets, applying a fresh coat of paint or replacing tarnished pulls and knobs with new hardware might be just the quick fix a kitchen needs to make it look and feel like new. 

· Improve the Lighting. Updating lights and lighting fixtures is another simple enhancement that does not require a major investment. Replacing old bulbs with stronger, more energy-efficient compact fluorescent bulbs will brighten up the house and make it more inviting – while cutting down on energy costs over the long term. In addition, replacing recessed lights in a dining or living room with an affordable chandelier or installing accent lighting to draw attention to artwork or other room features can create an entirely fresh ambiance.

•· Freshen up a Fan. An updated ceiling fan can give a room a more contemporary feel, but purchasing a new one isn’t always a necessity when looking to upgrade. Improving an existing fan is simpler than homeowners might think and does not have to come at a high price.  First, try unscrewing the fan blades and turning them over. Typically, blades have alternate colors or patterns on the reverse side. If not, simply add a coat of paint and reattach. One can even install new pull chains to complete the look as well as match the fan accents to new lighting fixtures or cabinet hardware.

•· Hang More Mirrors. It sounds simple, but the addition of a mirror on any wall adds depth and light to a room, making even the smallest space seem larger. Mirrors also add elegance and charm to a home’s décor, and often at a reasonable price.

· Break Out the Paint Brushes. Applying a couple coats of paint can make a remarkable difference and is always a low-cost, high-return project. Coldwell Banker DBA recommends a warm, neutral wall color that can make a room seem more spacious, create a more modern feel and appeal to a wider variety of buyers.

•· Install Laminate Flooring. Even if the cost of hardwood or tile floors is out of the question, for under $5 per square foot, homeowners can easily install laminate flooring in their kitchens, hallways and bathrooms – provided that floors are level with those in adjacent rooms. Laminate flooring can hide chipped tiles or old linoleum and give the room a more modern feel.

•· Refinish Your Appliances. Purchasing brand new matching appliances can cost thousands of dollars. However, for a few hundred dollars, an appliance refinisher can re-enamel the surfaces of appliances covering up any out-dated colors that may be ruining the look of your kitchen.

•· Spruce up Your Home’s Exterior. When planning to put money into a house, homeowners should not overlook simple exterior renovations that can add substantial worth and attract more buyers. A freshly-mowed lawn, a clean, even walkway and a few well-placed bushes can make a huge difference. If you don’t have a green thumb, consider hiring a landscaper on a one-time basis to plant some shrubs or give the front yard a good cleanup.

*Homeowners who are not comfortable taking on a home improvement project themselves should always hire a qualified professional.

For more information about selling your home in Nutley NJ go to http://www.HomesInNutleyNJ.com

Selling Your Home in Nutley, Belleville, Clifton or Bloomfield NJ

Are You Planning on Selling Your Home in Nutley, Bloomfield, Clifton or Belleville NJ

What does it take to sell a home in a competitive market – a fresh coat of paint or a kitchen overhaul?  Lowering the asking price or offering incentives?  From cosmetic to strategic, smart sellers can take advantage of a few simple tips to get the most out of their properties.  Here are five suggestions from the professionals at Coldwell Banker  on how to help secure a “sold” sign:

• Price Point is Paramount When getting ready to put a home on the market, determining the right listing price is the number one most important element in the home selling process.  After you have carefully chosen an agent, the trust you have established will come into play immediately.  Have those tough discussions with your agent about where to price your home.  Make certain you understand how the agent has arrived at the price, including how previous sales and current homes on the market make an impact.  If necessary, jump in the car with your agent and see some of the homes on the market in the area.  This will provide first hand knowledge on homes that are available in your neighborhood.

  • Appeal to Your Audience Work with your agent to determine how to get your home to stand out.  Providing incentives is a great way to draw in potential home buyers, and monetary bonuses don’t just have to come from negotiation of the listing price.  Sellers can also choose to contribute to closing costs, or conduct pre-home inspections, which can comfort potential home buyers in knowing that the property is in top shape.

  

  • Leave a Great First Impression Everyone talks about curb appeal, but a first impression is truly lasting.  A Coldwell Banker Real Estate survey found that 70 percent of women and 62 percent of men knew the property was “right” the first day they visited the home.  Remember, your agent is your trusted advisor.  They will know the necessary updates, upkeep, etc. you should make to hopefully get the home ready for showings.  But some of this is fairly easy and the front door is particularly important.  This is the area where a buyer will first step up to a home – and likely wait for a moment providing time to look around.  Do this ahead of time, stand directly in the front door and look up and around at the home from all angles – cobwebs that have not been noticed in years could be the first thing greeting a potential home buyer, so it’s important for this area to give a great first impression.

  

  • Everything is in the Visual Don’t underestimate the power of visuals in marketing your home.  The National Association of Realtors found that, more than 90 percent of home buyers begin their search online.  Your agent may push hard for you to have the home prepared for vivid pictures and video of the property that can be posted on websites such as Coldwell Banker On Location

 

  • Hit the Right Note with all Five Senses When a buyer comes to look at a home they want the full experience.  To help a home stand out, your agent may ask you to focus on appealing to all five senses.  Small and inexpensive upgrades to the home such as getting the walls painted, de-cluttering and making minor improvements to the outdoor landscape.  In terms of “touch,” remember that buyers aren’t just going to look – they’ll be turning on your faucets and opening closets, so make sure closets are clean and organized.  When it comes to making a home smell good, many agents prefer the smell of baked goods rather than fresh flowers or air fresheners which can be overwhelming.  All of this is being done to allow the buyer to properly visualize living in the home.

PLAN AHEAD 

  • Plan your travel itinerary. Make transportation and lodging reservations in advance.
  • Send change of address to: Post office (give forwarding address), charge accounts and credit cards, subscriptions (change notice requires several weeks), and friends and relatives.
  • Contact gas, electric, and telephone companies in new location to arrange for immediate service.
  • Arrange insurance on the new home prior to the transfer of property.
  • Arrange for your present bank to establish credit references for new bank accounts.
  • Service appliances before moving.
  • Clean rugs and have them wrapped.
  • Discontinue deliveries, electricity, water, gas, newspapers, and garbage collection, etc.
  • Obtain copies or transfer your children’s school records.
  • Obtain records from doctors and dentists, including eyeglass prescriptions, dental X-rays, and vaccinations.
  • Cancel club memberships.
  • Transfer car title registration, if necessary, as well as driver’s license, city windshield sticker, and motor club membership.
  • Pay existing bills and cancel local charge accounts.
  • Check on personal items that may be at the photo shop, bank safe deposit box, neighbor’s house, on lay-a-way or in the repair shop (e.g., shoes, jewelry, small appliances or clothing).
  • Arrange for transporting pets and obtain immunization records from the vet.
  • Return all library books and anything borrowed from friends.
  • Notify the religious leader of your church or synagogue.
  • Carry traveler’s checks for quick, available funds.
  • Plan for special care and needs of infants.
  • Arrange for transporting plants.
  • Service the car for the trip.
  • Disconnect the telephone.
  • Review moving plans with your moving company representative, including insurance for packing and unpacking, arrival date, payment agreement, shipping papers, etc.

One Week Before Moving

  • Clean and air out your stove.
  • Defrost refrigerator and freezer 24 hours before leaving.
  • Place charcoal or baking soda inside refrigerator and freezer to dispel odors.
  • Dispose of all open cans and jars that cannot be tightly sealed.
  • Remember to pack your telephone directory for future reference.

Survival Checklist

Here are items you may need immediately upon arriving at your new home:

Cleaning

  • Soap powder
  • Kitchen cleanser
  • Dish towels
  • Paper towels
  • Dish cloth
  • Steel wool pads
  • Sponge
  • Window cleaner
  • Scrub brush
  • Mop
  • Broom

Kitchen

  • Paper plates, cups, napkins
  • Plastic knives, forks, spoons
  • Plastic pitcher for drinks
  • Small saucepan
  • Serving spoons
  • Tea kettle

Bathroom

  • Facial tissue
  • Toilet tissue
  • Bath towel
  • Shower curtain
  • Face cloth
  • Bath soap
  • First aid kit
  • Aspirin
  • Prescription medicine

Miscellaneous

  • Light bulbs
  • Flashlight
  • Hammer, screwdriver, pliers
  • Aluminum foil
  • Shelf paper
  • Trash bags
  • Twine
  • Newspaper

Children

  • Coloring books and crayons
  • Favorite toys
  • Reading materials
  • Puzzles
  • Small surprise gift

Snacks

  • Easy-open cans of pudding
  • Sandwich spreads
  • Jars of cheese
  • Packages of crackers
  • Instant creamer, sugar, salt
  • Dry soup mix
  • Boxes of dry cereal, raisins
  • Instant coffee, tea, chocolate
  • Fresh fruit

On Your Moving Day

  • Leave a copy of your travel itinerary with a friend or relative.
  • Carry all currency, jewelry, and personal papers (birth certificates, deeds, and documents).
  • Double check closets, drawers, and shelves to be sure they are empty.
  • Confirm hotel reservations.
  • Leave all old keys needed by the tenant or owner with your Sales Associate.

For more information about selling your home go to http://www.HomesInNutleyNJ.com

Tips on Moving With Your Pet

Here are some tips to help you move with your pet

While moving to a new home in Nutley, Belelville or Clifton NJ is very exciting, relocating can be a stressful process for every member of the family – including pets. More often than not, a move means that all familiarity is gone. From where to hide a bone to where to nap in the sun, the pet’s sense of security and comfort has suddenly been altered.

Below are five suggestions from Coldwell Banker and Petfinder.com for how to make moving a little less ruff for four-legged members of the family.

Plan ahead. From start to finish, moving to a new home involves a lot of planning. Pet parents should decide as soon as possible where their pet’s belongings – toys, water dishes, etc., – will go in the new home. If the pet’s only car ride has been to the veterinarian, pet parents should get him or her accustomed to traveling by bringing them along on visits to the future home, as well as to other places with a more positive association, like a dog park or pet store.

Take them on a walk-through to get them acclimated. For home buyers with pets in tow, it is important to help their companions become acclimated to their new life early on. During a visit to the future home, pet parents should take their four-legged friend on a personal tour, showing them their new play area and “bathroom.” By scoping out all of the new scents and sights the pet will start to acquaint itself with their new digs. Cats may feel more comfortable exploring one room at a time so start in the bathroom, a smaller space, and let them take their time coming out of the carrier to explore.

Get new pet tags. With doors opening and closing and people entering and exiting, pets will likely have more opportunities to get loose during a move than they did while living in the previous home. As soon as the contract is signed, home buyers should purchase a new tag with their pet’s name, new address and phone number. If the pet has a microchip, pet parents should also contact the company and have their pet’s ID information updated in their database. If a pet escaped during the move, it would be very difficult for them to find their way back to a home they barely know.

Be extra security conscious. The first few days in a new home can spook even the most laid-back pet. Pet parents should make sure their pet’s collar fits securely and, unless the backyard at the new home is securely fenced in, keep their pet on a leash when heading outdoors. Also, take a full inspection of the house looking for openings a pet can crawl into or other safety hazards before letting the animal explore. Once they are off their leash or out of their carrier, be sure to keep a close eye on them.

Continue with business as usual. After moving into the new home, pet parents should try to stick to their pet’s daily routine as closely as possible by feeding them, playing with them and walking them at the same times they did while living in the previous home. Such consistency will enable pets to get used to their new life more quickly.

For more information about moving from Nutley, Belleville, Blomfield or Clifton NJ go to http://www.HomesInNutleyNJ.com

Buying A Town Home in Cambridge Heights in Nutley NJ

Buying A Townhome in Nutley NJ, Cambridge Heights

Hunting for condos for sale can be as exhausting as searching for a traditional house on the market. However, condominiums offer a unique set of pros and cons as compared to single family homes. The conscientious buyer should understand those differences in order to find the best pick of the market. Ultimately, no matter what type of home a buyer is in the market for, finding the right living space at the best price is every buyer’s goal.

Let’s consider three aspects of researching condos for sale in order to make the perfect purchase
Consider All The Costs – Common Charge Fees

One of the benefits of condominium living is the amenities and common areas that are provided. These amenities range from doormen, fitness centers, private parking structures and pools. All of these services will be folded in to one fee, which is either due monthly, quarterly, or yearly. It is important to keep common charge fees in mind when comparing the total cost of ownership between different condos for sale. These options also allow buyers some flexibility when choosing between different communities since the cost of common charges can vary greatly. Some communities are able to use green technology such as energy efficient windows and alternate energy sources to help reduce common charges, so it’s a good idea to ask lots of questions to find out where these fees come from and what they go towards.

Insulation And Noise Levels Every person is different in their tolerance for outside noise levels. Some people may be accustomed to living in big cities and do not mind to hear the comings and goings of their neighbors. Others prefer to find condos for sale that offer their own private sanctuary. In order to determine how well insulated a particular unit is, keep in mind these factors.

The materials of construction along with amount of insulation in the walls, floor, and ceiling will determine how much sound travels. Masonry block walls, for example, provide an excellent sound barrier. Sheet rock and concrete planks can provide insulation between floors. One major factor is the location of the condominium. The top floor will typically have less outside noise and traffic, but you will have to climb more stairs or take a longer elevator ride. Overall, make sure to match the unit with your preference before committing to a purchase.

Consider Your Potential Neighbors When Looking For Condos For Sale
Each community will have its own feeling due to the people living there. Of course, there is no way to know every person before buying or even after living in the building for a few years. However, there are a few factors that can tip buyers off concerning the environment they will be moving into. The number one question on a buyer’s mind should be whether the majority of the units are rentals or are owned outright. Owners will tend to better maintain common areas and will form a long lasting sense of community and stability among neighbors.

These three tips should form the foundation for effective market research into condos for sale in your area. For more informaton on buying townhome in Nutley go to http://www.HomesInNutleyNJ.com

For Sale By Owner Tips, Nutley NJ

I’ve noticed that you’ve been trying to sell your property on your own without the use of a Real Estate agent,

Here Are Some Progressive Marketing Techniques You Can Use To Get More Exposure For Your Property On Your Own:

  • Create a single property website using a service like Realbird.Com, that allows for you to syndicate your property to 20+ search portals. This great service also integrates with a stats tracking service that gives you the ability to watch visitors to your listing page in real time, giving you valuable insight into how interested internet based buyers are in your property.
  • Create a video of your property and post it to Youtube. Did you know that Youtube is the second largest search engine in the the US? Yep, getting your property onto youtube and properly title could go a long way toward getting you organic search exposure. And you don’t even need a video camera to create the video! You can use a free service like Animoto to create a video photo slideshow… or a free service like Screenr.Com to give a photo tour of your property as you talk about its better features…
  • Post Your Property To Craigslist, but do it right! Sure, we know you’ve probably been using craigslist already, but have you been Titling your Craiglist posts so they stand out? Or in such a way that you can benefit from the organic search juice craigslist is capable of getting you… Have you been making it possible for visitors to your listing on craigslist to join a list to be notified about upcoming open houses at the property? Why not capture your prospective buyer and engage him/her with some modern follow up!
  • Run A Locally Targeted Facebook Ad For Your Property. In no time, you can have an ad for your property live and viewable to thousands of Facebook users in your area! You’ve seen those ads on the right side of facebook right? Your property can be there in 15 minutes!
  • Run a Google Adwords Campaign For Your Property. You can position your property so it shows up at the top of the page anytime someone uses google to search properties in your area. (For some strange reason, most agents still don’t do this for their individual property listings, so you shouldn’t have too much price competition. )
  • Create A Blog or Facebook Page For Your Property… Get people to subscribe or become a fan in order to learn about how the sale is going! Here’s a link to a service that creates great looking Facebook Pages built for Lead Capture.
  • Find some local blogs in your area. Comment on them, be sure to use the Website for your single property page so when folks see your comments and want to know more about you… they see your property! You can also approach local bloggers and offer them advertising $$$ in return for a banner ad on their site. Many bloggers we know would be thrilled to pick up $20-$50 in return for plugging your property to their readership! You can also try a service like BlogAds.Com to execute this step.
  • Create a Twitter account for your Property! Then use a great service like Tweetspinner.Com to make your property automatically “follow” other twitterers in your area! Yeah, for real… you can do this!
  • Google – “Real Estate In” Your Area. Then go to every agent’s website you find and “Friend” him/her. Moving forward, be sure to drop a line or 2 about your property to your Facebook profile on a daily basis. Sure, agents will see your property and approach you for your listing… But the best among them will keep your property in the back of their mind in order to do the best possible job for their buyer clients.
  • Create A Mobile Website For Your Property, That Is Accessible Via Text Code. Then email a bunch of renters around town with a quick postcard that offers pictures of your great property via a Text Response… Or you can do something funny like this – “TEXT 4528 To 411669 To See What Your Landlord Is Doing With Your Rent Money Right Now.” When folks enter the text code, you can receive a phone number in Real Time! Then all you have to do is invite your prospects to take a look at your property…
  • And finally, if you exhausted the options above, and your property still isn’t sold, give me a ring so we can talk about the nifty stuff I haven’t shared with your here! 

Best,

Matthew DeFede

Coldwell Banker Residential Brokerage

www.HomesInNutleyNJ.com

c: 862-228-0554

o: 973-778-4500

Selling Your Home in Nutley NJ, Want to get it sold fast?

Are you thinking about selling your home in Nutley NJ? Let me tell you why you need the Coldwell Banker Residential Broker Advantage.

As you prepare to sell your home, we appreciate the opportunity to assist you in one of life’s most important events. Most real estate companies offer one level of service. We believe you should expect more. Our exclusive Full Service Marketing System represents our ongoing reliability and service, and our commitment is to meet and exceed your expectations. Below are outlined some of the key components of the home selling process.

You’re ready to sell your home!

Your first step is to have your Coldwell Banker Residential Brokerage sales associate assist you with practical ideas on how to successfully prepare your house for sale. If you are not already working with a Coldwell Banker Residential sales associate, you can select one by using our Agent/Office Search. Be assured, by choosing a Coldwell Banker Residential Brokerage Sales Associate you will find a professionally trained, experienced agent to offer you agency representation options and full service.

In addition, you can read a copy of our Home Selling Checklist for more information about preparing your home for sale.

This is also a good time to gather all your paperwork that you will need to expedite the closing once you have an acceptable offer. Your Sales Associate can provide you with a list of these items. In addition, you may wish to begin the process of selecting a local Real Estate attorney to represent you once you have an accepted offer on your home. If needed, your Sales Associate can provide you with a list of local attorneys that specialize in real estate.

What should I list my home for?

There are many factors that affect the list price of a home: location, condition, amenities, supply and demand, and local and global market conditions. Your Sales Associate will assist you by providing a thorough market analysis of your home so you will be able to come up with a realistic, competitive pricing strategy on your home.

What is the Property Condition Disclosure Form?

Most sellers of single- and multi-family residential homes are required to provide potential buyers with a completed and signed property condition disclosure form. Failure to provide this form will result in a monetary credit to the buyer at closing. Please consult with your Coldwell Banker Residential Brokerage Sales Associate for complete details.

Full Service Marketing and Personally Customized Service

At Coldwell Banker Residential Brokerage our goal is to not simply sell your house, but help you realize the best price obtainable for your property. To help you achieve this goal we have developed the “Expect More Full Service Home Marketing System.”

During the market analysis presentation your Sales Associate will explain every aspect of the selling process to you. Once you list with Coldwell Banker Residential Brokerage, your Sales Associate will begin managing the sale of your home with implementation of our Full Service Home Marketing System (click on Full Service Real Estate link on this Web site for more information [indicate location of this link?]).

The relationship between you and your Sales Associate is the key to the successful sale of your home. Your home and your needs are unique; therefore your Sales Associate won’t use a pre-designed plan to sell your property. Your Sales Associate will listen to your goals, address your concerns, and use his or her knowledge and experience to create a custom plan that will effectively result in a sale.

Your Coldwell Banker Residential Brokerage Sales Associate will also present you with our Seller Services Guarantee, which demonstrates that we are committed to performance!

A Buyer is Ready to Present an Offer!

When an offer is presented, your Sales Associate will advise and help you to obtain the best possible price and terms. Understanding the standard forms and the many transactional issues is key to negotiating the best terms to meet your individual needs. Making sure buyers are pre-qualified is of utmost importance in negotiating a successful sale. Your Sales Associate will promote your interests and assist in developing a clear and binding transaction.

Again, because the offer procedure and paperwork varies within the Tri-State area, please consult with your Coldwell Banker Residential Brokerage Sales Associate who will review the specific procedures followed in your area.

Typically an offer is initiated by the buyer through their Sales Associate and includes the following information:

•The amount the buyer is willing to pay
•Mortgage amount, if any
•Closing and occupancy dates
•Contingencies, such as mortgage commitment, building inspections and pest inspections to include where appropriate (but not limited to): termite, pest, radon, water potability, well, lead, septic, oil tank.
•Any personal property specifically included or excluded
•If the offer is not acceptable to you, further negotiations may be necessary to reach terms agreeable to both you and the buyer. Because counter-offers are common (any change in the offer can be considered a counter-offer) it is important that you remain in close contact with your Sales Associate during the negotiation process so that proposed changes can be reviewed and responded to quickly.
You have an Acceptable Offer!

Once again, because the Contract writing procedure, down payments required, building inspection contingency dates, etc…varies within the Tri-State region, please consult with your Sales Associate so that they can inform you of the immediate action steps. Timing is critical at this stage!

Between Contract and Closing

Throughout the transaction, you will need to closely monitor the progress of all contingencies to make certain that all deadlines are met. On the day of closing, the buyer will have a “final walkthrough” to make certain that the house is left in “broom clean” condition and has been thoroughly vacated.

What to expect at the Closing

The closing is a formal process where all parties sign all of the necessary paperwork needed to complete the transaction. Title to the property is transferred from you to the buyer. The buyer receives the house-keys and you receive payment for the house! From the amount credited to you, the title representative subtracts the funds to pay off the existing mortgage and other transaction costs. Deeds, loan papers, and other documents are prepared, signed and ultimately filed with local property record office.

After the Closing

Our exclusive Concierge program was developed to assist you with the services you need before, during, and after your move. Please visit the Concierge Services section within this web site for further details.

CALL ME TODAY TO SET UP YOUR NO OBLIGATION MARKETING APPOINTMENT 973-846-0065

Using A Home Inspector When Buying A Home in Nutley

Using A Home InspectorWhen Buying A Home in Nutley

The purchase of a home is considered to be one of the most significant investments a person can make and as such, having the property inspected before closing serves as a final, critical step in the home-buying process. Home inspection ensures the worthiness of the investment and decreases the possibility of purchasing a property with major structural or other serious problems that may lead to significant unforeseen costs for the new owner.

Coldwell Banker real estate professionals offer the following tips for buyers to consider before completing their purchase:

Hire a Certified Home Inspector: Rely on the objective expertise of a qualified home inspector. They are knowledgeable about construction practices in the area, capable of spotting problems buyers may miss and will provide a report on the condition of the property. An inspection normally takes place after the parties have agreed on a selling price. Typically, real estate contracts contain a provision giving homebuyers a set number of days in which to have a home inspection completed. Homebuyers should get inspector referrals from their real estate sales associate, family, friends or neighbors before they go to contract. The American Society of Home Inspectors (www.ashi.org) is also a good source.

Review Essential Areas: It is important to examine all areas of the home, including the exterior, interior, attic, basement, electric, plumbing and HVAC. Faulty construction, improper electrical wiring, inefficient insulation, old heating, building permit violations and other unseen pitfalls can lead to very expensive home repairs.

Search for Hidden Defects: Examples of hidden defects include missing roof shingles, chimney deterioration or leaks. It is also important to check behind walls. Mold, fungus and faulty wiring are often discovered in older homes. Make certain the home inspector looks in crawl spaces as well. Even small plumbing leaks can cause major problems and costs if not identified and corrected.

Review Visible Defects: Homebuyers should be aware of possible water damage, such as noticeable water stains on the ceiling, damp basement walls or musty odors. They should look for cracks in the walls, particularly around fireplaces or in foundation walls. Uneven floors and tilted stairways could indicate there has been movement in the foundation. Also, notice doors that are not perfectly vertical. If there is more space between a door and its frame at one end than at the other, the door is likely installed incorrectly.

Look for Minor Problems: Items such as doors or windows that are difficult to open or bad paint jobs may not be serious defects but could be signs of bad maintenance. Kitchen appliances should also be in good working order. Minor problems make for good negotiating points and can lead to the possibility of some concessions or a slightly reduced selling price.

Steps to Take After a Negative Inspection: If the purchase contract is contingent on inspection of the home, negotiate a price adjustment or ask the sellers to make repairs. If the problems are so significant that the home is no longer a worthwhile investment, get out of the deal and have all deposits refunded. Always have a lawyer review any agreements to make sure that there is adequate legal protection prior to the inspection process.

Looking for a New Home in Nutley New Jersey

QUESTIONS TO ASK WHEN BUYING A HOME IN NUTLEY

While beginning the search for a new home can be very exciting, often times, the

process can seem a bit overwhelming, especially for those who are new to the world of real estate. Since purchasing a home will likely be the most significant investment one will ever make, there are many factors to consider and information to gather before signing on the dotted line. From location to taxes, inspections to re-sale value, knowing the right questions to ask can make all the difference.

In an effort to streamline the home buying process, the professionals at Coldwell Bankerare going back to basics. Below are the top ten things home buyers should consider during the hunt for a new home:

1. How do I determine how much I can afford? Identifying a specific price point before looking to buy a home is an important first step. By setting an overall budget before beginning a home search and sticking to it, buyers will feel confident that they will be able to afford their monthly expenses, avoid financial problems down the line and find a home that they love within their price range.

2. How can a real estate agent help me during the home buying process? Understanding the role of a real estate agent is a necessary step in the pursuit of a happy house hunt. A real estate agent oversees the transaction of the home on the buyer’s behalf, and is instrumental in making sure the process is both simple and seamless from start to finish. Therefore, it is crucial that the buyer select an expert who understands what they are trying to find.

3. Which home loan is best for me? Choosing a home loan that best suits one’s specific needs can be a complex undertaking. From fixed-rate to adjustable-rate, choosing the appropriate home loan is one of the most important decisions a buyer will make. To determine the best loan for them, buyers should speak with a qualified mortgage consultant who can assess their situation and provide an expert opinion.

4. Do I need to have an inspection? Home inspections are a crucial part of the home buying process. Before deciding on a property, it’s worth the small investment to have a home inspection completed before placing an offer on a property, even if the seller recently conducted an inspection as part of the home selling process.

5. Do I need a home warranty? A home warranty will cover expenses that arise post closing, including appliance repair and replacement costs and plumbing or electrical defects. Because each home (and its contents) is different, it is a smart idea to discuss the need for a home warranty with a real estate agent.

6. How long has the home been on the market? Before purchasing a home, the buyer should inquire about how long the property has been for sale. The length of time a home is on the market can help determine what the appropriate offer price is and whether or not this is a home that might be worth re-evaluating.

7. How much should I offer to buy the home? When a buyer decides on the house of their dreams, it is important to know how much to offer. Since this is arguably the most important step in the home buying process, it is important that they have an agent advising them every step of the way. Placing a bid too far below the asking price could result in the house being sold to a higher bidder. On the flip side, offering too much might result in money spent that could have been put towards other expenses. A real estate agent plays a critical role in reaching the balance, so that his or her client can make a reasonable offer and walk away with a signed contract in hand.

8. What are the plans for the neighborhood? Location is a significant factor in deciding which home to purchase. Looking beyond the homes proximity to schools, hospitals, etc., buyers will also want to know what plans, if any, the city has in store for the home’s surrounding area. A real estate agent can direct buyers to the right sources for uncovering any major construction projects in the works or town plans to give the neighborhood a facelift. Researching the city’s upcoming projects can often times provide insight into the home’s potential appreciation or depreciation.

9. Where are the home’s property boundaries? Land boundaries are not as obvious as one might think. What looks like a spacious backyard could be half its size depending upon where the neighbor’s property begins. Therefore it is always important to request to see paperwork that discloses the property lines.

10. How much are the home’s taxes? In addition to a monthly mortgage payment, buyers will also be responsible for covering the taxes associated with their new property. And taxes could potentially total several thousand dollars a year. Therefore discussing the home’s taxes ahead of time with your real estate agent can help a buyer understand the additional costs.

For More Information Got To http://www.HomesInNutleyNJ.com

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