I just listed a 2 bedroom condo apartment in Tenafly for $459,000. This one is located in what used to be the entire Tenafly School System many years ago. Because it was an old school building, this has quite a story behind it. I’d like to give you the history of this condominium complex in brief and then talk about this new listing I have. This is a particularly good…
Posts Categorized: Buying
Buying A Condo? Watch Out For This!
Buying a condo or are you thinking about it? Either way, there are important things to watch out for. Let’s go over what I check for whenever I have a customer for a condominium. Trust me on this. You won’t find what you need to know in any listing form or internet posting. That’s because the information you need comes from the property manager. While I have many years of…
Removing An Underground Oil Tank
Removing an underground oil tank is something that a lot of you will be involved in. That’s because so many homes were heated with oil until the last quarter of the 20th century. A Brief Historical Review Oil was a primary fuel to heat your home from the 1930’s through the 1960’s. A war between the Arab States and Israel changed this. The Mideast oil producing countries embargoed oil to…
What To Expect In Real Estate
What to expect in real estate is a very hot topic. Everyone wants to know what will happen in the future. In addition to how this year will go, there is increasing concern about the future. This is because of many factors. Primarily it’s the war in Ukraine, mortgage rates and inflation. Covid for now is not among the biggest concerns although there will be future spikes of course. Let’s…
63 Byrne St in Hackensack Is For Sale
63 Byrne St is a new listing I am just putting on the market in Hackensack, NJ. Because the sellers work at home, showings begin at the open houses this weekend. Saturday is 1-3 and Sunday is 1-4. The asking price is $475,000 and taxes are $10,578. It’s a classic side hall colonial home with 3 bedrooms and 2 baths. I’m really excited about bringing it to the market for…
Should I Buy A House Now Or Wait Untill The Market Cools?
Should I buy a house now or wait until the market cools? This question is one that I hear every day. Prices are sky high. Interest rates are up 1 percent. The Fed is beginning it’s tapering program in another week. Rates will rise further. There will be an inevitable pull back. Pricing should come down. All of this is why people ask me “Should I buy a house nor…
What’s The Hottest Part of the Market?
Do you know what’s the hottest part of the market? This seems like an obvious answer because almost everyone will say single family homes. While single family homes dominate the residential market, they’re hot but not the hottest part of the real estate market. You might be surprised to find out what it is because it’s the 2-4 multi family home. 2, 3 and 4 family homes are residential properties. …
Cap Rates and A Multi Family Home
Cap rates and a multi family home are not always thought of when you’re buying a house. However, this could be the smartest idea especially for a 1st time home buyer. You don’t have to be a major real estate investor with loads of real estate investment properties to accumulate wealth. One multi family home will make an amazing difference in your life. Let me explain why. What’s A Cap…
Get Ready Because Inventory Is Coming
Get ready because inventory is coming but so are more buyers. We’re having a rough weather start to the 2022 real estate market in Bergen County homes. We’ve had freezing temperatures, a major snow storm and icy conditions. While it’s been a rough start, the activity level hasn’t slowed down. Inventory remains extremely low. It’s still around 715 homes for sale in all of Bergen County. That’s less than half…
The Covid Effect on Real Estate This January
The covid effect on real estate this January is slowing things down. While this is bad news for home buyers, it’s an exceptional opportunity for homeowners. We are bombarded with Omicron news every day. Covid is everywhere. Hospitals have record number of admissions. Omicron is so contagious that you must have a 95 level mask and pray you don’t get it. Numbers are rising. You can’t find enough workers because…
