When you put all of this together with a location that is on top of Manhattan (we’re on the other side of the Hudson River from NYC), it is no wonder that Bergen County is one of the most sought after locations in the New York metropolitan area and that real estate here has always done better in holding its value.
The 2017 Bergen County real estate market had a unique combination of factors – zero increase in sales from the year before with price appreciation. In fact, much of what you’ll find is a mirror image of 2016. Home sales are nearly identical – 6915 in 2017 and 6920 in 2016. I think you’ll agree… Read more »
You put your home on the market for sale. It’s both an exciting and an anxious time. Expectations are running high. The buyer traffic is great. Showings happen several times each week. Then the phone call comes. Your agent has received an offer. You listen in disbelief. The offer is extremely low. Emotions rise immediately… Read more »
Is your buyer using a FHA mortgage loan? FHA loans are very common. They are also feared by sellers. Because they are common and concerning to homeowners, I thought a blog article on this would be helpful. Chances are your buyer will use this type of mortgage if your home sells for less than $500,000. The median… Read more »
I call these horrible people Mr Happy Banker because he tells you happy fairy tales or shoots rockets into the sky on TV. It’s all a big lie.
Have you seen your listing photos? Now that your house is on the market for sale, have you checked out how it’s displayed? You should. Nothing in a listing gets me more upset than seeing how poorly a house is marketed. It starts with the first look and that’s the front picture of a house. … Read more »
Doing research on this sales report for Tenafly homes confirmed what I’d observed. New construction has been big and the number of sales is up. Let’s take a look at how 2017 compares to 2016 town wide through August: 27 more sales for a 22% increase (124 to 151) 24% less time on the market (95.2 to… Read more »
Here is my sold report for Bergenfield NJ homes using data from the New Jersey MLS. Bergenfield is a very popular location because of it’s strong school district and affordability. This report compares 2017 to 2016 through August. Single Family Homes 12 more sales for an 8% increase (157 to 169) 37% less time on the market… Read more »
If you look carefully at this data from the New Jersey MLS you’ll see that higher priced homes sold well.
Removals cost around $2,000 for your average single family home (including town permit fees). Losing your buyer is much more expensive because future offers are lower.