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END-UNIT, Beautifully Upgraded, Why Pay More? This Granville model is spacious and fully equipped.
Stainless steel appliances, Beautiful Upgraded 42" maple cabinets, granite counter tops with marble back-splash with breakfast bar
Open Concept kitchen opens to spacious dining area and living room with balcony off french doors for your evening relaxation
Half Bath, Large master bedroom with ample closets and upgraded tiled master bath with jacuzzi tub and separate shower
Spacious bedrooms and modern tiled bath
Recently Upgraded 1st Floor with Hardwood floors – One car garage with electric door opener, parking space for guests and much more!
SAVE LOTS OF MONEY – BIG TAX savings with 5 years tax abatement still on-going for 3 years
The first one is location, location, location; location has been historically the three things to look after when it comes to purchasing property. We know that there’s negatives and positives to almost every location, what is important is to craft a marketing plan around the features and benefits for the buyers in your marketplace and the agents that control those buyers.
CONDITION
Condition; How Soon a home sells is indirect proportion to how well we can present it to the to the marketplace, to those prospective buyers and the agents that control those buyers. We have to create the best showing experience when they walk through your home. We have a SALEABILITY checklist to assist you in getting your ready for the market and effectively help you sell faster and for highest possible amount of money.
PRICE
Quite frankly, it should have been the first one. How Soon your home sells is in direct relationship with the price that you receive at closing there are two piece of stats or information that we have to take into consideration; the list price to sold price ratio and days on the market of homes in your market that will give you a gauge or measurement of what the buyers in your marketplace are willing to pay for similar homes and where your local market is heading. We at Hope Reatly Group/United RE can craft a pricing strategy and a marketing plan to get the highest price for your home, the most money in the least amount of time.
4. TERMS
The fourth factor is terms; are you open minded? Perhaps the buyer relocating from a job transfer from another part of the country needs to be in your home within 30 to 45 days or perhaps the buyer already sold their home and have a pressing need to into your home ASAP, perhaps the buyer needs a seller concession so he/she can finance the closing costs of purchasing the home.
THE REAL REAL ESTATE PROFESSIONAL YOU CHOOSE
] The fifth but not least is the real estate professional and the company that you choose. I pride myself on having help a lot of homeowners who couldn’t sell in six months and above with their previous agents and we came along with an aggressive marketing plan, pricing strategy and a comprehensive team effort to get the expected results and get the home SOLD!
Call Us TODAY for a FREE, NO OBLIGATION consultation.
Home sales still hot! but, may actually drop in year-over-year comparisons over the next few months, which has more to do with low inventory than a lack of buyer interest. As lower days on market and higher prices persist year after year, one might rationally expect a change in the outlook for residential real estate, yet the current situation has proven to be remarkably sustainable likely due to stronger fundamentals in home loan approvals than were in place a decade ago.
The Numbers Month to Month and Year to Year
If you’re thinking to SELL! NOW IS THE TIME TO LIST & SELL for MAXIMUM GAINS.
Take a Look at Your Clifton Real Estate Market Report for July 2018
Local Housing STATS for JUNE, 2018
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 68
Media SOLD Price Sale to List Ratio DOM
$ 333,000 99.7 36
STATS for MAY, 2018
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 65
Media SOLD Price Sale to List Ratio DOM
$ 350,000 98.2 28
Mid Year to Year Increase: First 6 Months of 2017 Vs 2018 Same Period.
The median sale price for First 6 Months of 2018: $340,000
The median sale price for First 6 Months of 2017: $310,000
Increased by 9% or $30,000 ↑
The Three Most Prominent Local/National Market Trends for Residential Real Estate are:
* The ongoing lack of abundant inventory
* The steadily upward movement of home prices and
* Year-over-year declines in home sales.
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding and/or multiple offer situations for the available competitively priced homes.
Markets are expected to increase supply, so there is hope that sellers will get motivated to sale to take advantage of what appears to be a ready and willing buyer base.
These are representative of many markets through-out New Jersey.
This winter and spring exhibited unseasonal weather patterns. As the weather settles in a more reasonable pattern and wages and consumer spending rise, on average, it should translate positively for the housing market. Being quick and generous with an offer is still the rule of the day as the number of days a home stays on the market drops lower and multiple-offer situations become the norm due continued lower inventory levels.
The Numbers Month to Month and Year to Year
The Median Sales Price for Clifton Homes in May 2018 was:
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 71
Media Price Sold Price Sale to List Ratio DOM
$ 350,000 $ 350,000 97.7 28
The Median Sales Price for Clifton Homes in April 2018 was:
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 71
Media Price Sold Price Sale to List Ratio DOM
$ 335,000 $ 335,000 97.7 33
Multi Unit Homes (2-4 family)
The Multi Family market in the region is EXTREMELY favorable to the homeowners that need or desire to become SELLERS, Clifton as well as, many other communities in New Jersey with multi family inventory exhibit a demand of buyers that far exceeds the supply at large, creating a favorable condition that leads to full price or over asking offer in many cases.
The Median Sales Price for Clifton (2-4 Units) in May 2018 was:
$360,000 with JUST 21 homes closed, 21 days on the market and 100% LIST/SOLD ratio compared to
$395,000 with JUST 14 homes closed, 21 days on market for APRIL 2018. and 100% LIST/SOLD ratio.
If you’re thinking to SELL! NOW IS THE TIME TO LIST & SELL for MAXIMUM GAINS.
Month to Month Gains Fluctuates Due to Changes Specially in Weather Patterns, Low Inventory Level, Overall This Year the Gains For Most Markets are Over 6%.
The three most prominent national market trends for residential real estate are:
* The ongoing lack of abundant inventory
* The steadily upward movement of home prices and
* Year-over-year declines in home sales.
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding and/or multiple offer situations for the available competitively priced homes.
Markets are expected to increase supply, so there is hope that sellers will get motivated to sale to take advantage of what appears to be a ready and willing buyer base.
These are representative of many markets through-out New Jersey.
The Median Sales Price for Clifton Homes in April 2018 was:
$350,000 with 70 homes closed with approximately 31 days on the market, compared to $335,000 and 53 homes SOLD in 34 days on the market for March 2018. The SALE to PRICE ratio was 98.4%.
That Represents an Increased of Approx 4.5% in a Single Month.
The three most prominent national market trends for residential real estate are:
* The ongoing lack of abundant inventory
* The steadily upward movement of home prices
* Year-over-year declines in home sales.
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading to competitive bidding and/or multiple offer situations for the available competitively priced homes.
Markets are expected to increase supply, so there is hope that sellers will get motivated to sale to take advantage of what appears to be a ready and willing buyer base.
These Stats are representative of many markets through-out New Jersey.
Real Estate Market in Clifton and Northern New Jersey Are very Strong due to high demand and low inventory, buyers off the fence to looming interest rate hikes and this is causing a very productive SELLER’S market with multiple offers in some case with over asking when homes are well priced.
The median sales price for Clifton Homes in March 2018 was:
$335,000 with 51 homes closed and 30 days on the market, compared $329,000 and 38 homes closed with 54 days on market for FEBRUARY 2018. The SALE to PRICE ratio is 98.4%.
The median sales price for Clifton Homes in the 3 months of January 1st through March 31st, 2018 was:
$330,000 with 138 homes closed and 42 days on the market, compared $305,000 and 147 homes closed with 49 days on market for JANUARY-MARCH, 2017, The SALE to PRICE ratio is 97.8%.
This is the Right Time to LIST and SELL for Top Dollar FAST!
It’s evident home buyers are being cautiously optimistic, last year the stock market was strong, salaries were rising and home buying activity was extremely competitive. according to the experts not much has changed in 2018, however the high emotions are leaving room for prudence and buyers are being more thoughtful when it comes to such a highly important financial decision as it is purchasing a home or real estate investment, that’s evident despite a lower than usual inventory stock of possible homes to choose from keeping sellers in check despite the belief that, which in real terms it’s a sellers’ market. (these stats as per njms).
• Single Family Closed Sales were down 9.5 percent to 703.
• Townhouse-Condo Closed Sales were down 3.7 percent to 257
• Adult Communities Closed Sales were down 46.7 percent to 8.
• Single Family Median Sales Price increased 1.3 percent to $400,000.
• Townhouse-Condo Median Sales Price decreased 8.6 percent to
$292,500.
• Adult Communities Median Sales Price increased 3.0 percent to
$340,000.
Let’s expect the measured balance between the forces of buyers and sellers will prevail in an environment of raising interest rates and prices aggravated by lower than usual inventory of homes for sale, specially for the most popular priced properties.
Looking to Sell, Purchase or Invest in Real Estate? Call The Sanchez Realty Group, Your Neighborhood Real Estate Experts and Get the Results You Deserve at (973) 216-1945 or Email us at Rsanchez@robsrealtor.com.
Clifton Real Estate Market Report for February 2018
Real Estate Market Report – February 2018
Its the Best Time to Sell in a Decade
According to the NAR (Nat’l Assoc of Realtors)Sellers saw an average home price gain since purchase of $54,000, up from $47,133 a year ago.That $54,000 average seller profit represents an average 29.7 percent return on investment compared to the original purchase price. That is the highest average home seller return on investment since the third quarter of 2007.
Real Estate Market in Clifton and Northern New Jersey Still Strong Despite the Winter.
The median sales price for Clifton Homes in January 2018 was:
$325,000 with 49 units closed and 40 days on the market, compared to $318,000 and 72 units closed with 44 days on market for December 2017. The SALE to PRICE ratio is 99%.
New Home Owners, Buyers Title Insurance Requirements
Buying a home is a very emotional event and perhaps, the most important financial decision in one’s life.
Therefore New Home Owners, Buyers Title Insurance Requirement must make sure are properly protected and reduce the risks and liabilities to a bare minimum.
That’s Why,
New Home Owners, Buyers Title Insurance Requirements are a must to protect the interest of home buyers against the claims of third parties for reasons not known to the new homeowner.
For example; if a new home is purchased from a developer that failed to pay a contractor involved in the construction, then the contractor can place a lien (restriction) against the property which will need to be paid before the home is then sold. If the homeowner did not purchase title insurance then, he/she would be personally responsible for paying that debt.
The cost associated with the title on the property is normally about 0.5% of the purchase price and are part of the closing cost overall expenses associated with purchasing a home.
The protection both legally and financially allows homeowners peace of mind and sleep well at night knowing they’re covered against any existing debts or claims that might have not been discovered from the title’s research conducted by the title agency your lender and/or attorney secured for that purpose.
The cost associated with the title on the property is normally about 0.5% of the purchase price and are part of the closing cost overall expenses associated with purchasing a home.
"Good Sleep, Its Worth The Price"
Photograph by Lorem Ipsum via Unsplash
Are You In The Market For A New Home or Looking to Sell? Let's Have a Friendly Talk!
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Clifton Real Estate Market Report for December 2017
The Real Estate market still very strong despite rising interest rates yet modest but perhaps we could expect additional raises by the FRB as the economy activity continues to thrive into 2018, which might have twofold consequences as potential buyers might get off the fence to benefit from still lower rates while dampening those in tight budgets or qualifications ratios that might not quite afford homes in certain price range.
Take a Look at Your Local Housing STATS
SOLD December, 2017
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 71
Media Price Sold Price Sale to List Ratio DOM
$ 318,000 $ 318,000 98.8 36
SOLD December, 2016
Single Homes SOLD (Incl, Condo/Townhomes,Active Comm Homes) : 65
Media Price Sold Price Sale to List Ratio DOM
$ 299,000 $ 299,000 97.8 55
Month/Year to Year Increase:
Increased by 6.36% ↑
Last 6 Months of the Year 2017 as Compared to Last Year’s:
July 1st Through December 31, 2017
Single Homes SOLD (Incl, Condo/Town homes,Active Adults) : 409
Media Price Sold Price Sale to List Ratio DOM
$329,000 $325,000 98.5 34
July 1st Through December 31, 2016
Single Homes SOLD (Incl, Condo/Townhomes,Active Adults) : 371
Get Top $$$ Dollar Faster, Easier Today with the following tips that will help you increase your home’s value and get your home sold in the fastest time possible based on my experience working with sellers and buyers over many years and observed the tail tales of the initial real estate sale process.
1. Kitchen
Kitchens and baths are the spotlight of any home. Make sure your kitchen is ready for show. If your appliances are dirty or old, get them cleaned spotless or consider replacing them, not need to spend a fortune replacing your stove or refrigerator with top end appliances, but you do not want buyers walking into a kitchen and see a dirty stove or refrigerator and then walk out? its called the wow!! effect but in the right context.
Do not forget the drawers and cabinets as buyers will open these! If you need a referral to a good cleaning service, we can assist providing a few names.
Your bathrooms will also get the drill sergeant review from buyers, in particular any master bathrooms as with the kitchen, make sure that any old fixtures are replaced and that the floors, bathtub & shower and walls are CLEAN.
Replace bathroom fixtures easily these days without spending a lot of money. And a fresh coat of paint can go a long way here too. I have seen buyers walk out of houses after walking into dirty old bathrooms.
3. Flooring and Painting
A fresh coat of paint will make a room look new and clean and new carpets will give it new life and make it feel new that much more, even better, replace carpets with engineered or good quality laminate at practically the same investment amount. pick a neutral paint color that will appeal to the most people and its mostly contemporaneous and modern. I have seen many buyers walk into a home with rooms painted the seller’s favorite color and seen them just walk out. because they hated it!
Buyers also will always look down at the floor when they walk into a room it’s a must to ensure carpets are clean and if they are worn, consider getting them replaced. Worn or dirty carpets and badly painted or dirty walls will make a buyer think that there are other issues with your home even if there is not.
First impressions count. Similar to a fresh coat of paint for a room, a yard that has the grass cut nicely goes a long way. Walk outside and look at your front yard and the front of the home. Does the front of the house need paint or residing? Are there any broken windows or shutters that need repair? Does the yard need cleaning? You do not need to hire a landscape architect or contractor, but you want to make sure that your yard looks clean and nice.
Do not Forget the Yard
Be sure to pick up any items in the yard, position trash bins so that they are not visible from the street and any other general cleaning / maintenance that might be needed. If you need information for a someone that does this type of work, please by any means contact us and will provide names for your choosing.
5. Energy Efficiency:
These days, buyers ask “What is the average monthly utility cost?” of homes they are looking at to buy. Especially older homes that have not been renovated in the last 20 years or more, most likely less energy efficient in nature and equipped with lesser energy efficient rated appliances, utility companies and third party providers offer free energy audits and even free energy programs to make your home more energy efficient installations. Take advantage of this as it can help you save money now while you get ready to sell your home! Nowadays energy efficiency is becoming more popular starting with low voltage bulbs and appliances to solar energy panels that helps cut ties with expensive utility suppliers and monthly bills.
Are You In The Market For A New Home or Looking to Sell? Let’s Have a Friendly Talk!
6. De-clutter and Organized (Perception Is Sometimes Reality!)
Are you thinking to sell within the next year, start this now. buyers walk through homes that have too much stuff everywhere and comment to me that it just looks messy. When a buyer thinks a home is messy, they figure that there are other problems with the home as well even if there is not! If you don’t use, BOX IT, you’re moving anyways, we tend to get used to stuff laying around and they become oblivious to our attention and almost become invisible! Do CLUTTERING in two PHASES:(It will mean $$$thousands of dollars in your bank account), would you rather that??
1st PHASE:
Get everything that you have not used in last few months (or years!), and do not anticipate using in the foreseeable future boxed up and place it in storage or the basement (NEATLY! please). It will include clothes that not worn in long time, dishes and appliances, paperwork piling up, bathroom, kitchen items, tools, etc and other things that you do not want to throw away or donate, but that you just do not need in your home on a day to day basis.
2nd PHASE:
When getting close to putting up the home for sale. Now you want your home to be ready for buyers to walk through and have a good impression so that they think to themselves, “This is a clean and neat home, the owner must take care of it!” This will also help make moving day easier after your home is sold! Pack up even more clothes that you are not going to wear anytime soon, pack up toys, appliances that are not being used, other kitchen items, bathroom items, tools, books, art, etc Put these in storage or boxed neatly into the attic or basement. Be sure to label all boxes with both the room they belong to, like, “Kitchen” and what is in the box “Dishes”.
7. Get a Real Estate Professional In and Hire a Home Inspector.
Having a Knowledgeable and Experienced Real Estate Professional could be a great first step towards getting your home ready for the market, with insights and un-biased knowledge of the market direction and assist in getting your home more marketable and prevent common pitfalls and nuances that might hinder the flow to a smoother real estate sale transaction.
This might sound a bit drastic since the majority of home owners will not take this first step knowing that the home buyer will undoubtedly do it and that is to consider hiring a home inspector to inspect your home for electrical, plumbing, foundation, roof, heating/HVAC, etc, that might reveal any issues in these areas beforehand, the upfront cost it could also save thousands of dollars in buyers credit, delays and aggravation when you accept an offer on your home and the buyer decides to do their due diligence, a stress free, smooth transaction is worth the price, in addition, the investment might be less if you required a cursory type inspection that will look at most major systems but in a more expedient way by the inspector. We can provide several names of inspectors to choose from and if possible we can come in during the inspection and assist in providing some guidance after the inspection report is delivered.
Our Personal Experience.
After all, based on my on-the-job experience both listing and selling homes for homeowners and helping buyers and investors in hundreds of homes both regular and fixer uppers/lender owned properties.
Our services go above and beyond to generate the right pre-approved serious buyers and negotiate the highest price possible for your property, we want to get top $$$ dollar faster, easier today for your home with fewest inconveniences and delays, avoiding delays and preventing as many pitfalls as possible. I am in the area constantly with clients, so if you need me to come over for a 5-10 minutes review and give any real world advice feel free to contact us.
Getting ready to sell is a process, like in a marathon, requires preparation before you get READY to GO!
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