Nov 28, 2009
Short Sale Multifamily So Paterson $269,000
South Paterson Neighborhood
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| Century 21 Elite Realty, LLC. 973-244-7980 Xt 215 |
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| Pablo Lopez, REALTOR® |
| This beautiful 2 family home with great potential located in South Paterson Features, newer eat-in-kitchen, laminated flooring, Spacious Livingroom, 2 Bedrooms in each apartment, deck patio, above ground pool (needs liner) Finished walkout basement. Great potential living or rental. This property is offered as is condition all offers are subject to third party approval. SHORT SALE |
For more information on this Listing and many other listings in the North Jersey Area Request FREE Listing Report Here
Nov 15, 2009
AVOID THE MOST COMMON BUYER ERRORS
Shopping for a new home is an emotional experience. It’s also time consuming and comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. These errors generally fall into three areas:
Paying too much
Losing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:
Bidding without sufficient informationWhat price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.
Buying a mis-matched homeWhat do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.
Unclear titleBefore you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.
Outdated surveyBefore the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).
Unexpected repairsFor $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.
Shopping without pre-approvalIt only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.
http://www.pablolopez.us/Avoid_Buyer_Errors/page_1389981.html
Pablo Lopez
Centuery 21 Elite Realty, LLC.
www.pablolopez.us
Visit my website for a first look at:
Current Market conditions in North Jersey
Neighborhoods
Listings
Distressed Properties
Buyer and Sellers Resources
Paying too much
Losing a dream home to another buyer
Buying the wrong home
When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase:
Bidding without sufficient informationWhat price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional realtor, can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.
Buying a mis-matched homeWhat do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Plan ahead. Use your needs list as a guideline for every home you view.
Unclear titleBefore you sign any document, be sure the property you are considering is free of all encumbrances. As part of their services, a realtor can supply you with a copy of the title to ensure there are no liens, debts, undisclosed owners, leases or easements.
Outdated surveyBefore the purchase is completed, an updated survey is essential. This report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.).
Unexpected repairsFor $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Make the final contract subject to a favourable report.
Shopping without pre-approvalIt only takes a few days to get financing pre-approval. When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.
http://www.pablolopez.us/Avoid_Buyer_Errors/page_1389981.html
Pablo Lopez
Centuery 21 Elite Realty, LLC.
www.pablolopez.us
Visit my website for a first look at:
Current Market conditions in North Jersey
Neighborhoods
Listings
Distressed Properties
Buyer and Sellers Resources
Nov 11, 2009
The Dream of Homeownership at Your Reach
Great news for first time homebuyers and season home buyers as well. Congress passed a new legislation that extends the FIRST-TIME HOME BUYER TAX CREDIT OF UP TO $8000 to first-time homebuyers until April 2010. The new bill also expands the credit for home owners buying a new or existing home between November 7TH 2009 and April 2010 to $6500.
Who Qualifies for the Extended Credit?
First-time home buyers who purchase homes between November 7, 2009 and April, 2010.
Current home owners purchasing a home between November 7, 2009 and April, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
Read The Details about the new ligislation on the First-Time Home Tax Credit in the following links.
http://http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit
http://http://www.irs.gov/newsroom/article/0,,id=204671,00.html
Who Qualifies for the Extended Credit?
First-time home buyers who purchase homes between November 7, 2009 and April, 2010.
Current home owners purchasing a home between November 7, 2009 and April, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
Read The Details about the new ligislation on the First-Time Home Tax Credit in the following links.
http://http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit
http://http://www.irs.gov/newsroom/article/0,,id=204671,00.html
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