Homes For Sale in Belleville & Nutley NJ

 

19 Oak St, Belleville, NJ | $440000
Click for more information or to schedule a private viewing
Click for Directions!

824 Main St, Belleville, NJ | $124,999.00
Click for more information or to schedule a private viewing
Click for Directions!

177 Belleville Ave, Belleville, NJ | $272000
Click for more information or to schedule a private viewing
Click for Directions!

364 – 366 North 10th Street, Newark, NJ | $249999
Click for more information or to schedule a private viewing
Click for Directions!

249 Fairway Dr, Belleville, NJ | $229000
Click for more information or to schedule a private viewing
Click for Directions!

123 CREST DR, Belleville Twp., NJ | $279000
Click for more information or to schedule a private viewing
Click for Directions!

57 Prospect St in Nutley NJ 07110, Nutley, NJ | $499900
Click for more information or to schedule a private viewing
Click for Directions!

38 CATHEDRAL AVE, Nutley Twp., NJ | $624500
Click for more information or to schedule a private viewing
Click for Directions!

103 River Rd, Nutley, NJ | $244,900.00
Click for more information or to schedule a private viewing
Click for Directions!
Call 862-228-0554 for a private showing!

What Is Your Home Worth?
Search Available Rentals
Search All Homes For Sale in NJ
Homes Close to Where You Work
Avoid Foreclosure
Free Home Values
MY REVIEWS
Realty Executives Elite Homes
Broker/Owner
Realty Executives Elite Homes
862-228-0554
Licensed In: NJ
Contact Me


       

The Difference an Hour Will Make This Fall [INFOGRAPHIC]

The Difference an Hour Will Make This Fall [INFOGRAPHIC] | Simplifying The Market

The Difference an Hour Will Make This Fall [INFOGRAPHIC] | Simplifying The Market

Every Hour in the US Housing Market: 

  • 596 Homes Sell
  • 278 Homes Regain Positive Equity
  • Median Home Values Go Up $1.20

Powered by WPeMatico

How Will Home Sales Measure Up Next Year?

How Will Home Sales Measure Up Next Year? | Simplifying The Market

There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources:

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.

Here are their projections:

How Will Home Sales Measure Up Next Year? | Simplifying The Market

Bottom Line

Every source sees home sales growing next year. Let’s get together to chat about what’s going on in our neighborhood.

Powered by WPeMatico

Keeping Your Home Safe in Nutley During The Holidays

Keeping Your Home Safe in Nutley

With the holiday season approaching in Nutley NJ, it is highly important to not skimp on security. And if you’re planning on traveling during the holidays, you should feel some peace of mind knowing your home is safe while you’re away. Here are our top tips for keeping your home safe as you travel for the holiday season.

Don’t broadcast your location on social media.

When you’re planning a vacation, it may be fun to post your plans on your social media accounts like Facebook and Instagram. But social media posts including travel information are green lights for home thieves, as they signal that your home will be unoccupied for a set period of time. Before you leave and while you are away, try to refrain from posting on social media that you are on vacation and your home in Nutley is unoccupied. If you want to update your social channels, make sure to set your posts to private so your updates can only be seen by people you trust.

Ensure your home in Nutley is inaccessible from the outside and garage.

Lock the indoor entrance to your house from your garage. If you have a garage break in, make sure the burglar cannot access your house from the garage. Additionally, you should remove all spare keys that you may be hiding outside of your home, especially those in common places such as under the doormat or in a nearby planter.

Secure your valuable possessions.

Even if you have ensured that your home is inaccessible, you can never be too careful with your valuables. You should always secure your most valuable and important possessions in a safe or store them in a locked drawer or room. Additionally, you should make sure your valuable items (such as electronics) cannot be seen through your windows or from anywhere outside your home. Close all blinds and curtains so that nothing can be seen by any intruder attempting to look inside.

Set an alarm.

If you will be leaving your home during the holidays, consider setting an alarm that will notify you, your alarm company and the local police of a break-in. If you already have an alarm system set up at your home, alert your alarm company that you will be out of town so they know that a trip of the alarm is most likely an intruder. If you don’t have an alarm system, consider installing one before traveling on an extended or long-distance trip.

Don’t allow deliveries to sit on your doorstep.

Unopened packages sitting on your doorstep are surefire signs that signal to others that nobody is home. If possible, refrain from receiving package deliveries for the duration of your trip, or ask a neighbor to attend to your mail delivery while you are away. If you need deliveries and a neighbor cannot help you, ask your post office to hold your mail for the duration of your trip and consider getting deliveries sent to your office address.

Keep your home safe from adverse weather conditions or fire hazards.

If you live in a colder climate, you should protect your home’s pipes from freezing by setting your thermostat to 65 degrees for the duration of your trip. Clean your gutters before traveling, as leaves and debris can build up in rain gutters and cause the gutters to be weighed down and break if too much ice collects after a storm. Prevent fire hazards by unplugging all unnecessary electronics and making sure necessary cords are plugged into a surge protector.

Taking Fear Out of the Mortgage Process

Taking Fear Out of the Mortgage Process | Simplifying The Market

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and good credit history.

Throughout the entire home buying process, you will interact with many different professionals who will all perform necessary roles. These professionals are also valuable resources for you.

Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests to follow:

  1. Find out your current credit history & score – even if you don’t have perfect credit, you may already qualify for a loan. The average FICO Score® of all closed loans in September was 731, according to Ellie Mae.
  2. Start gathering all of your documentation – income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).
  3. Contact a professional – your real estate agent will be able to recommend a loan officer who can help you develop a spending plan, as well as help you determine how much home you can afford.
  4. Consult with your lender – he or she will review your income, expenses, and financial goals in order to determine the type and amount of mortgage you qualify for.
  5. Talk to your lender about pre-approval – a pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers that you are serious about buying!

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.

Powered by WPeMatico

Are You Spending TOO Much on Rent?

Are You Spending TOO Much on Rent? | Simplifying The Market

Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering other expenses.

According to new data released from ApartmentList.com, 49.5 million renters in the United States were cost-burdened in 2017, meaning they spent more than 30% of their monthly incomes on rent. This accounts for nearly half of all renter households in the country and is up 3.1 million from 2007.

When a household is cost-burdened by their monthly housing expense, they are not as easily able to save money for the future. This is a big factor for many renters who dream of owning their own homes someday.

But there is hope for those who are able to save at least a 3% down payment! The percentage of income needed in the US to buy a home is significantly less than renting at 17.1%!

The chart below compares the historic percentage of income needed to rent and buy from 1985-2000 to the first quarter of 2018. As you can see, the cost of renting has climbed above historic numbers while the cost of buying dropped over the same period of time.

Are You Spending TOO Much on Rent? | Simplifying The Market

Bottom Line

If you are one of the many renters who is spending too much of their monthly income on rent, consider saving money by getting a roommate, moving into a less expensive apartment, or even moving in with family. These are all ways to save for a down payment so that you can put your housing costs to work for you!

Powered by WPeMatico

Nutley Real Estate & Homes For Sale

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | Simplifying The Market

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate with if they decide to For Sale by Owner (FSBO):

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company if there are challenges
  • The buyer’s lender if the structure of the mortgage requires the sellers’ participation
  • The appraiser if there is a question of value
  • The title company if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality if you need to get the CO permits mentioned above
  • The buyer’s buyer in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process easier for you.

Powered by WPeMatico

Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 76.4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.

Powered by WPeMatico

Where are Home Values Headed over the Next Few Years?

Where are Home Values Headed over the Next Few Years? | Simplifying The Market

There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions:

The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, and economists conducted by Pulsenomics each quarter.

Zelman & Associates – The firm leverages unparalleled housing market expertise, extensive surveys of industry executives, and rigorous financial analysis to deliver proprietary research and advice to leading global institutional investors and senior-level company executives.

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

Freddie Mac – An organization whose mission is to provide liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets always.

Here are their projections of prices going forward:

Where are Home Values Headed over the Next Few Years? | Simplifying The Market

Bottom Line

Every source sees home prices continuing to appreciate – just at lower percentages as we move through the next several years.

Powered by WPeMatico

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