Recession Proof Yourself___www.OurNJhouse.com

#1 excuse in todays economy “The Market is Slow”  My question is what are
you going to do about?

Its inevitable this recession isnt going to have a quick recovery,
unemployment isn’t going to be at 2-4% anytime soon, banks are still strict
with lending,  but the most successful CEO’s, entrepreneurs adapt to change
and as home buyers, home sellers and real estate investors so do you, life
is one big business transaction.  Homebuyers what is the biggest challenge?
Living pay check to pay check right?  Well there are numerous things to free
up hundreds if not even thousands of dollars a month

1) Call your bank on refinancing your current mortgage or doing a loan
modification to lower rate.  You owe more then your home is worth, well
Obama implemented the HARP program and most large lenders participate in
this program but they wont tell you that.
2) Put homeowners insurance and car insurance with one company for discounts
and increase deductibles from $500 to $1000
3) Negotiate with your credit card companies to lower interest rates or
consolidate onto one credit card AND SHREAD the others, if you cant afford
to buy cash this month you wont be able to pay it next month you have the
same expenses.

Homesellers

If you need to sell this is the time, the real estate market has yet to
depreciate approx 10-15% before hitting bottom and then its going to be
stagnant for years before the next upswing.

Do you own your home free and clear (mortgage free) but dont want to sell
because the market is weak?  Do you want to get $600k for your home that is
only worth $300K?  Well with todays strict banking guidelines, it is
attactive to buyers if the owner provides OWNER FINANCING when selling.
This will allow you to get a steady stream of monthly income, net more money
for your home because your collecting principal and interest, worst case
scenario if the buyer defaults you keep a 10-20% deposit that they made,
payments that they made and you get your house back.  THIS IS ALSO GREAT FOR
RETIREES WITH SHRINKING RETIREMENT PLANS LOOKING FOR STEADY INCOME AND
AVOIDING PAYING TAXES AT CLOSING IF THEY TOOK ONE LUMP SUM.  ITS LIKE THE
LOTTERY ANNUITY OR CASH =)

Real Estate Investors

WOW this is the time to make money, lowest interest rates in history, ample
inventory to choose from and contractors looking for work, perfect formula
to make money.

You have money in the bank collecting 1-2% interest, well how about
investing it into rental properties and netting a greater return.  Why not
purchase a fixer upper multifamily home renovate it, rent it out and resale
for profit.  If it sells you make money and worst case scenario it doest
sell you have a positive cash flow every month with a property with equity
either way your making money.  Not into being a landlord, why not purchase a
property .40-.50 cents on the dollar from the banks REO inventory for
resale, cash is KING for amazing opportunities.  Word to the wise, just like
the stock market know the real estate market your investing in, study market
trends, number of sales past 3mos, number of inventory currently on the
market, demand etc.

Business Owners looking into the ARC Program (Wachovia and Chase have
special phonelines dedicated to this property) interest free loan up to $35K
to help business owners keep there doors open

I wish you all happy savings and if you ever have any questions please feel
free to contact me anytime

WASHINGTON - New U.S. home sales jumped in June by the largest amount in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.

While home prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Data out last week showed home resales rose 3.6 percent in June, the third straight monthly increase.

Shares of big homebuilders soared on the news, with Beazer Homes USA up by more than 13 percent and Hovnanian Enterprises rising 8 percent. But with home prices still falling, these companies won’t be making much money anytime soon.

Commerce Department said new home sales rose 11 percent in June to a seasonally adjusted annual rate of 384,000, from an upwardly revised May rate of 346,000.

Buyers are rushing to tax advantage of a federal tax credit that covers 10 percent of the home price or up to $8,000 for first-time buyers. Home sales need to be completed by the end of November for buyers to take advantage.

“The window of opportunity is closing,” said Bernard Markstein, senior economist for the National Association of Home Builders

June’s results were the strongest sales pace since November 2008 and exceeded the forecasts of economists surveyed by Thomson Reuters, who expected a pace of 360,000 units. The last time sales rose so dramatically was in December 2000.

Sales have risen for three straight months. The median sales price of $206,200, however, was down 12 percent from $234,300 a year earlier and down nearly 6 percent from $219,000 in May.

There were 281,000 new homes for sale at the end of June, down more than 4 percent from May. At the current sales pace, that represents 8.8 months of supply — the lowest level since October 2007. If that number falls to just over 6 months, analysts say, builders will feel more comfortable ramping up construction.

Fallout from the housing crisis has played a central role in the U.S. recession, now the longest since World War II. Foreclosures have spiked, homebuilders have slashed construction, and financial companies have lost billions.

But it will still be a while before homebuilders turn into an engine for the economic recovery. Construction levels are still weak because builders still have too many unsold homes sitting vacant.

After all, the process of selling a home is always complex. For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com or www.SellWithMelNJ.com

Why 9 Out of 10 FSBO end up using a Realtor

My Number one FSBO Tip? Don’t sell it yourself! A “FSBO,” or house “for sale by owner” can sell fast, and for as much as it would have if listed with a real estate agent. Sometimes - but not normally. Consider the following ten points.

1. Buyers work with agents. Most look at MLS listings. Sell it yourself, and they won’t see or hear about your home. How do you find that “right” buyer or get top dollar when you’re invisible to most of the market?

2. Your FSBO will get lower offers. Naturally, the buyer thinks you’ll take less because you’re saving the commission! Save a $10,000 commission, get $10,000 less - where’s the advantage in that?

3. Advertising is expensive. The costs the real estate office normally pays are yours if you sell it yourself. How much could you spend on ads if it takes a a year to sell?4. They have the resources. And you don’t. Agents have books of sold properties to look at, for example, to determine the best price for your home. You can dig through county records, but you do have to value your time too, right?

5. They know the market. What’s the target market for your house? Young couples, retirees? What features do they want? You should know these things before you write your ads. An experienced real estate salesperson will know.

6. They know the laws. What about written disclosures, and who pays for the real estate transfer tax? When you sell it yourself you don’t get to ignore the laws.

7. Are you a good salesperson? Can you develop rapport and properly answer objections? Could your defensiveness scare off a buyer who criticizes your home? Think back on your own purchases, and you’ll realize that a good salesperson makes a difference.

8. Paperwork. Will you help the buyer properly fill out an offer to purchase? An agent would. Do you have the other closing documents ready?

9. Agents negotiate for you. When did you last learn a new negotiating technique? Can you counter-offer without scaring off a buyer? A good salesperson is trained in these skills.

10. You may not save anything. The documents, newspaper advertising, signs for the yard - it’s all your expense when you sell it yourself. After your hard work, you may get low offers and negotiate poorly. Honestly, sellers often net less money from the sale when they try to save the commission.

After all, the process of selling a home is always complex. For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com or www.SellWithMelNJ.com

Bergen County NJ Foreclousre Update, Many More Please Email Me

Buyers amazing time to purchase, sellers if you are looking to sell in the near future sell NOW!!!! Banks are liquidating properties and this will in turn affect your resale value

Cresskil NJ            2Br 1bth Cape             $259,900

Garfield NJ            3Br 2bth Col                $235,900

Hackensack           2Br 1bth Col                $118,000

Hillsdale                 5Br 4bth CHC             $635,800 New Home

New Milford          2br 1bth Col                $279,900

Norwood               3Br 1.5bth  S/L            $381,150

Park Ridge             3Br/3bth 100×125 lot   $333,600

Ridgewood            5br 3.5Bth New home   $699,900

River Edge             4br 3bth Col                 $623,700 Originally $760K

Upper Saddle River 7Br 7.5bth  11,000 Sqft of Luxury Living Space $2,795,000 Originally $3,990,000 (Not a Foreclosure/Short sale Just an Amazing deal)  

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at www.OurNJhouse.com or www.OurBergenCountyHouse.com

River Edge Lions Club

The River Edge Lions Club is once again awarding two scholarships in the amont of $1000.00 each, to deserving seniors of any high school who are residents of River Edge.   Applications can be picked up at school guidance offices.  Completed applications should be sent in ASAP!!! to teh River Edge Lions Club PO Box 33 River Edge NJ 07661.  Have the word “Scholarship” written on the lower left hand corner of the enevelope.

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com

River Edge NJ Schools

River Edge 4th graders shown the art of building a boat.  Students from roosevelt school spent may 2 and 3rd building pease canoes from prefabricated kits.  The canoes are 18 ft long and weigh 100lbs and seat 2 people.  Crews worked on four peace canoes which were sponsored by Roosevelt school, The Hackensack Riverkeeper, the Bergen County Historical Society and the New Jersey meadowlands Commission. 

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com

Bergen County NJ, NJ Home Sellers, River Edge

River Edge NJ residents will see $70 more in tax bill

The River Edge NJ counsil held a meeting on the proposed 2009 budget.  The proposed budget is $14,067,784 with a tax levy of $9,037,854.  Homeowners with the averaged assessed home of $436k will see an increase of $70 to their taxes

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com

Oradell/River Edge NJ Clubs

The junior womens club of River Edge NJ will be hosting an oradell town wilde garage sale Jun 13th from 9am-4pm, registration is $15 which includes church bulletins

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com

River Edge NJ Fundraiser

The River Edge NJ Lions club si asking residents to please look for used eyeglasses and donate them to the Lions Recycle For Sight Program.  They can be dropped off in the mailbox next to the River Edge Public Library for Contact Blake @ 201-967-1289

For assistance is selling your home in Bergen County, River Edge NJ, Oradell NJ, Paramus NJ, Emerson NJ, Fairlawn NJ. Contact Carmelo Oliveri, Coldwell Banker Realtor at (201) 618-2854. Visit our web site at http://www.ournjhouse.com & www.OurBergenCountyHouse.com