Just Listed in Nutley on Crestwood Ave

Just Listed in Nutley on Crestwood Ave. Nutley Home For Sale, 4 Bedroom 2 Bath, this home has everything a new home buyer could want, Whole house generator as well as a home warranty for more info on this home call us at 973-846-0065/

Just Listed in Nutley NJ Nutley Home For Sale

Nutley Real Estate Heading in the “Right Direction”

Right-Direction

The housing market in Nutley has taken a great turn toward recovery over the last few years. The opinions of the American public toward real estate took longer to recover, until recently.

For the first time since 2006, Americans have an overall positive view of real estate, giving the industry a 12% positive ranking in a Gallup poll.

Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from “very positive” to “very negative.” The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”.

Gallup-Poll-Graph

Americans’ view of the real estate industry worsened from 2003 to the -40% plummet of 2008.  Gallup offers some insight into the reason for decline:

Prices Dropped

“In late 2006, real estate prices in the U.S. began falling rapidly, and continued to drop. Many homeowners saw their home values plummet, likely contributing to real estate’s image taking a hard hit.”

Housing Bubble

“The large drops in the positive images of banking and real estate in 2008 and 2009 reflect both industries’ close ties to the recession, which was precipitated in large part because of the mortgage-related housing bubble.”

Bottom Line

“Although the image of real estate remains below the average of 24 industries Gallup has tracked, the sharp recovery from previous extreme low points suggests it is heading in the right direction.”

If the news of recovery has you considering home ownership in Nutley, meet with a local real estate professional to discuss the opportunities that exist in today’s market.

How buying or selling a home is like being in the Super Bowl

How buying or selling a home is like being in the Super Bowl

Super Bowl VS Real Estate

So this week is the biggest game of the year!  The Super Bowl!  It is the most watched sporting event on TV. Even if you don’t watch football regularly, you watch the Super Bowl. Super Bowl VS Real Estate. So what does real estate in Nutley and the Super Bowl have in common you ask? The biggest game of the year, so much at stake, two great teams on opposing sides, fumbles, stellar coaches…

Super Bowl VS Real Estate

Just like the biggest game of the year, your real estate in  transaction in Nutley, whether your buying a home or selling a home in Nutley, can be your biggest transaction of the year. There is always a lot at stake, always 2 sides to the transaction, sometimes there may be a fumble or two, and hopefully there are stellar real estate agents in Nutley representing the buyer and seller.

But that is where the similarity ends, while in the Super Bowl there is always a clear winner and loser, in a real estate transaction there are only both winners. In a successful transaction, while there may be compromises on each side, both buyer and seller should be satisfied in the end.

So when its time for you to enter the playing field of real estate as a buyer or seller in Nutley NJ, be sure you follow these 3 tips to make sure you come out a winner.

Hire a stellar coach. Using a real estate professional will mean that you have someone on your side to help you negotiate the best for you and assist you through out the transaction. Always check their reviews…See Matthew DeFede’s reviews here!

Get your game face on.  If you are buying, get your financials in order and get pre-qualified with a lender. If you are selling a home in Nutley, make sure you are serious and get a current market analysis for what your home is worth.

Expect a few fumbles and flags on the field.  Even a successful transaction may have a few unexpected items that arise in the process. A great real estate agent will be creative and help you through these issues to successful close.

Nutley Real Estate: What Homes Are Sellling For?

How is the Market doing in Nutley NJ?

 

Price Trends – Sold vs. Listed

Understand the difference between “listing prices” (what sellers are asking for) and “sold prices” (what buyers are willing to pay).

By comparing these price trends, you’ll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.

Some sales are not immediately available from public records. As they become available, the data are updated.Nutley Homes For Sale

Search For Homes in Nutley | Search For Homes in Belleville | Search For Homes In Clifton

 

Market Inventory Trends

The number of active listings in Nutley (07110) dropped by 20.2% from the previous month.

The median number of days active properties have been listed is 61. This is significantly shorter than the national average.

Nutley Real Estate

Property Ownership

The percent of unoccupied properties is very low in Nutley (07110) . It is -12.74% below the national average.

The percent of rental properties in Nutley (07110) is 15.87% above the national average which is typical for urban areas.

Nutley  Homes For Sale

Additional Statistics for Single Family Homes and Condos in Nutley, NJ

$362,660
Median Listing Price
 61
Median Days on Market
128
Active Listings
Not Available
Distressed Listings
(foreclosures and short sales)

Homes & Apartments For Rent in Nutley New Jersey

See Nutley Homes For Sale

See Nutley Homes For Sale

Join Me on Facebook Discussing Everything About Nutley Real Estate & Homes For Sale!

Realty Executives Nutley NJ

Agents: Looking to join a company that REALLY helps you grow your business?

Contact: Matthew DeFede of Realty Executives Today! 973-846-0065

Related Blogs

    5 Demands to Make on Your Real Nutey Estate Agent

    Megaphone Team

    Are you thinking of selling your house in Nutley? Are you dreading having to deal with strangers walking through the house? Are you concerned about getting the paperwork correct? Hiring a professional real estate agent can take away most of the challenges of selling. A great agent is always worth more than the commission they charge just like a great doctor or great accountant.

    You want to deal with one of the best agents in Nutley. To do this, you must be able to distinguish the average agent from the great one.

    Here are the top 5 demands to make of your Real Estate Agent when selling your house:

    1. Tell the truth about the price

    Too many agents in Nutley  just take the listing at any price and then try to the ‘work the seller’ for a price correction later. Demand that the agent prove to you that they have a belief in the price they are suggesting. Make them show you their plan to sell the house at that price – TWICE! Every house in today’s market must be sold two times – first to a buyer and then to the bank.

    The second sale may be more difficult than the first. The residential appraisal process has gotten tougher. A recent survey showed that there was a challenge with the appraisal on 24% of all residential real estate transactions. It has become more difficult to get the banks to agree on the contract price. A red flag should be raised if your agent is not discussing this with you at the time of the listing.

    2. Understand the timetable with which your family is dealing

    You will be moving your family to a new home. Whether the move revolves around the start of a new school year or the start of a new job, you will be trying to put the move to a plan.

    This can be very emotionally draining. Demand from your agent an appreciation for the timetables you are setting. You agent cannot pick the exact date of your move, but they should exert any influence they can, to make it work.

    3. Remove as many of the challenges as possible

    It is imperative that your agent knows how to handle the challenges that will arise. An agent’s ability to negotiate is critical in this market.

    Remember: If you have an agent who was weak negotiating with you on the parts of the listing contract that were most important to them and their family  (commission, length, etc.), don’t expect them to turn into Super hero when they are negotiating for you and your family with your buyer.

    4. Help with the relocation

    If you haven’t yet picked your new home, make sure the agent is capable and willing to help you. The coordination of the move is crucial. You don’t want to be without a roof over your head the night of the closing. Likewise, you don’t want to end up paying two housing expenses (whether it is rent or mortgage). You should, in most cases, be able to close on your current home and immediately move into your new residence.

    5. Get the house SOLD!

    There is a reason you are putting yourself and your family through the process of moving.

    You are moving on with your life in some way. The reason is important or you wouldn’t be dealing with the headaches and challenges that come along with selling. Do not allow your agent to forget these motivations. Constantly remind them that selling the house is why you hired them. Make sure that they don’t worry about your feelings more than they worry about your family. If they discover something needs to be done to attain your goal (i.e. price correction, repair, removing clutter), insist they have the courage to inform you.

    Good agents know how to deliver good news. Great agents know how to deliver tough news. In today’s market, YOU NEED A GREAT AGENT IN NUTLEY!

    Related Blogs

      Just Listed in Nutley A True Mother/Daughter Home!

      I am happy to announce my new listing in Nutley 376 Mount Vernon St.

      This home was built by the Lopa family back in 1978 built with 2 kitchens and a walkout downstairs, full front brick with attached garage and large 2 car width drive way, the Lopa’s still reside in the home and are the original owners, this is the first time in 35 years that the home is listed with Coldwell Banker Residential, this home is convenient to the Parkway, RT 21, RT3 and Rt 46 9 miles from NYC this home would make a great commuter home for people that travel into NYC every day for work or business, your also only a stones throw away from Newark Airport as well as tons of fine dining establishments and shopping.

      Just Listed in Nutley

      Related Blogs

        Matthew DeFede Nutley Real Estate Agent

        Matthew DeFede Nutley RealEstate

        Matthew DeFede Nutley Real Estate Agent

        Related Blogs

          Nutley Home Owners Dont Miss This Wave of Nutley Home Buyers!

          Nutley Real Estate

          Great new for home buyers in Nutley NJ!

          WASHINGTON –Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows.

          Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year loan declined to 4.17 percent from 4.20 percent last week. The average for the 15-year mortgage fell to 3.30 percent from 3.31 percent.

          Rising prices and higher interest rates beginning in mid-2013 have made homes less affordable for would-be buyers. At the same time, a limited supply of homes is available to buy. Sales of new homes are running about half the rate of a healthy housing market.

          Reflecting the struggle for many Americans to afford new houses, data issued Tuesday by the Commerce Department showed that the pace of U.S. home construction slipped in May. Builders started work at a seasonally adjusted yearly rate on 1.01 million homes, down 6.5 percent from 1.07 million in April.

          And U.S. home builders are feeling more confident about the housing market but don’t think it is healthy yet, the National Association of Home Builders/Wells Fargo builder sentiment index for June showed Monday.

          Mortgage rates are about a quarter of a percentage point higher than they were at the same time last year. The increase in rates over the past year or so was driven in part by speculation that the Federal Reserve would reduce its bond purchases, which have helped keep long-term interest rates low. Indeed, the Fed has announced five declines in its monthly bond purchases since December because the economy appears to be steadily healing. But the Fed has no plans to raise its benchmark short-term rate from record lows.

          After the central bank ended a two-day policy meeting, Fed Chair Janet Yellen sent the message Wednesday that the economy still isn’t healthy enough to grow at a consistently strong pace without the Fed’s help. Yellen made clear that despite a steadily improving job market and signs of creeping inflation, the Fed sees no need to raise short-term interest rates from record lows anytime soon.

          To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. The average doesn’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount.

          • The average fee for a 30-year mortgage was unchanged from a week earlier at 0.6 point. The fee for a 15-year loan also was steady, at 0.5 point.
          • The average rate on a one-year adjustable-rate loan ticked up to 2.41 percent from 2.40 percent. The average fee remained at 0.4 point.
          • The average rate on a five-year adjustable mortgage fell to 3.00 percent from 3.05 percent. The fee was stable at 0.4 point.

          So now is a great time to buy your dream home in Nutley New Jersey, if your a first time home buyer in Nutley or looking to sell your home in Nutley call me at 862-228-0054

          to read more go here.

          Related Blogs

            Home Upgrades in Nutley with the Lowest Return On Investment

            File these six upgrades under wish fulfillment, not value investment.

            Of course, home owning in Nutley  isn’t just about building wealth; it’s also about living well and making memories — even if that means outclassing your neighborhood or turning off future buyers. So if any of these six upgrades is something you can’t be dissuaded from, enjoy! We won’t judge. But go in with your eyes wide open. Here’s why: 

            Homes Upgraded in Nutley NJ

            1.  Outdoor Kitchen

            The fantasy: You’re the man — grilling steaks, blending margaritas, and washing highball glasses without ever leaving your pimped-out patio kitchen.

            The reality: For what it costs — on average $12,000-$15,000 — are you really gonna use it? Despite our penchant for eating alfresco, families spend most leisure time in front of some screen and almost no leisure time outdoors, no matter how much they spend on amenities, according to UCLA’s Life At Home study. And the National Association of Home Builders’ 2013 What Home Buyers Really Want report says 35% of mid-range buyers don’t want an outdoor kitchen.

            The bottom-line: Instead, buy a tricked out gas grill, which will do just fine when you need to char something. If you’re dying for an outdoor upgrade, install exterior lighting — only 1% of buyers don’t want that.

            Related: How to Buy a Gas Grill

             

            2.  In-Ground Swimming Pool

            The fantasy: Floating aimlessly, sipping umbrella drinks, staying cool in the dog days of summer in your Nutley Home.

            The reality: Pools are money pits that you’ll spend $17,000-$45,000-plus to install (concrete), and thousands more to insure, secure, and maintain. Plus, you won’t use them as much as you think, and when you’re ready to sell, buyers will call your pool a maintenance pain.

            The bottom-line: If your idea of making it includes a backyard swimming pool, go for it. But, get real about:

            • How many days per year you’ll actually swim.
            • How much your energy bills will climb to heat the water ($760-$1,845 depending on location and temperature).
            • What you’ll pay to clean and chemically treat the pool ($20-$100/month in-season if you do it yourself; $75-$165/month for a pool service).
            • The fact that you’ll likely need to invest in a pool fence. In fact, some insurance carriers require it.

            Related:

            Less expensive option: an above-ground pool

            Lower maintenance option: natural pools

            If you do put in a pool, you can save money by installing a solar heater.

             

            3.  In-Ground Spa

            The fantasy: Soothing aching muscles and sipping chardonnay with friends while being surrounded by warm water and bubbles.

            The reality: In-ground spas are nearly as expensive ($15,000-$20,000) as pools and cost about $1 a day for electricity and chemicals. You’ll have to buy a cover ($50-$400) to keep children, pets, and leaves out. And, like in-ground pools, in-ground spas’ ROI depends solely on how much the next homeowner wants one.

            The bottom-line: Unless you have a chronic condition that requires hydrotherapy, you probably won’t use your spa as much as you imagine. A portable hot tub will give you the same benefits for as little as $1,000-$2,500, and you can take it with you when you move.

            Related: What You Need to Know About Installing a Spa

             

            4.  Elevator

            Your fantasy: No more climbing stairs for you or for your parents when they move into your home in Nutley.

            The reality: Elevators top the list of features buyers don’t want in the NAHB “What Buyers Really Want” report. They cost upwards of $25,000 to install, which requires sawing through floors, laying concrete, and crafting high-precision framing. And, at sales time, elevators can turn off some families, especially those with little kids who love to push buttons.

            The bottom-line: If you truly need help climbing stairs, you can install a chair lift on a rail system ($1,000-$5,000). Best feature: It can be removed.

            Related: 4 Easy-Living Tips for Aging in Place

             

            5.  Backup Power Generator

            Your fantasy: The power in your area goes kaput, but not for you. You were smart enough to install a backup power generator. While the neighbors eat cold hot dogs by a flashlight beam, you’re poaching salmon in your oven and pumping out Red Hot Chili Peppers tunes.

            The reality: Power outages may seem to go on forever, but they don’t. Fifty dollars worth of batteries can power portable lights, radios, and TVs; a car adaptor will charge your cell phones and iPods; and some dry ice will keep freezer food cold for at least a couple of days.

            The bottom-line: If you live in areas where power shortages are the rule, not the exception, spend the money for reliable backup power: Your still-frozen steaks, home office fax, and refrigerated medicine will thank you. But if the power goes out rarely, then installing a standby generator is overkill.

            Nationwide, homeowners recouped 52.7% on their average $11,410 investment in a backup generator — one of the lowest ROIs on the annual Cost vs. Value Report. If you need occasional emergency power, a gasoline-powered portable generator ($200-$650) probably will suffice.

            Related: What I Learned About Portable Generators One Dark and Stormy Night

            6.  New Windows

             

            The fantasy: Brand new windows that don’t stick, and slash energy bills.

            The reality: A $10,000 vinyl window replacement project will recoup about 70% of your investment at resale, and if they’re Energy Star-qualified, they can save you around $300 in energy bills per year.  So, plan to live in your house about another 10 years to recoup the cost of new windows.

            The bottom-line: We get it — new windows are sturdy, pretty energy savers. But unless old window frames are thoroughly rotten, most windows can be repaired for a fraction of replacement costs. And if you spend about $1,000 to update insulation, caulking, and weather-stripping, you’ll save 10%-20% on your energy bill.

            Related Blogs

              4 Quick Tips On Becoming A Young Real Estate Investor in Nutley

              Investing in property at a young age seems like a bit of a daunting prospect sometimes. Most young people don’t have a lot of disposable income, often have poor credit and perhaps even student loans.

              When you are in your early 20s, you are not likely thinking about investing in property in Nutley and are probably focusing on other things. However, investing in property at a young age can bring you a lot of advantages.

              It requires a different approach and style and you might be the only one of your peers who is doing so, but you will definitely reap the benefits later on in life. When you invest long-term, you will start building your financial independence.

              Some might believe that it is impossible for a young person to start investing so early in life, but investing in your 20s is completely possible.

              You are not “too busy”, in fact you will find that you have even less spare time as your responsibilities grow when you get older. You will need a little bit of money to get started, but often you can purchase your first property in Nutley with as little as 3.5% down.

              If you want to get started early, here are some tips that will help you along the way:

              1. Get into very good saving habits from a young age by putting aside your money from first jobs. When you want to take out a mortgage, you will typically need to be able to show savings of 3% of your purchase price.
              2. Maintain a clean credit history and pay all of your bills on time in order to build a great credit rating, so that you can obtain a mortgage with a good rate.
              3. Make the most of technology and social media to learn more about investing in property and to find the best opportunities. You have a wealth of information on investing, all at your fingertips.
              4. Find an older mentor – someone with successful experience who can give you tips on how to choose the right investment.

              Another main advantage to investing when you are young is that if anything goes wrong, you will have more time to make mistakes and still recover without affecting your retirement. You have nothing to lose and everything to gain, so why not get started?

              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