Cap Rates and A Multi Family Home

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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…

Bergen County Homes from Covid to Today

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From Covid to today, Bergen County homes have been in high demand.  At the same time, I can report that a change is happening.  To understand the real estate market today, we need to go back to 2020. Everyone knows that we are living in a very different time.  Covid, social unrest and the mortgage market are all uniquely different in their own way.  All of them have had a…

Why Are There So Many Buyers?

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Why are there so many buyers?  Every time you find a house, it seems so do others.  While I know this is frustrating, it’s not going to end soon.  Because it won’t, waiting is not a good idea.  Let me explain it all for you. We’ll start with traditional reasons why people buy a Bergen County home.  Then I’ll tell you how current market conditions made things worse. Why People…

Home Buyers Should Demand More

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Home buyers should demand more.  Why do buyers accept so little?  I see buyers accepting less than they should so often. Absent Agents I5 groups came to my open house Sunday on my new listing.  When I asked if they were working with an agent, 12 said yes.  However 9  didn’t know “their agent’s” name.  They had to fumble through their phones to find it. Some said the agent told them…

How 1st Time Buyers Lose A House

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How 1st time buyers lose a house is a topic that can fill volumes. I see these mistakes so often.  Buying a house is challenging enough these days with so few homes available. The inventory has picked up a bit; 1,425 homes are for sale in the NJMLS today in Bergen County.  While this is better than the 1,070 in January, it’s still not the 3,200 I’d expect at this…

Real Estate Is Not Slowing Down

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Real estate is not slowing down because a lot has changed fundamentally. New Jersey MLS We’ve had low inventory for quite a while.  Every year it gets worse.  2020 is is the worst ever.  Right now as I write to you, we have 1,910 single family homes on the market for sale.  While nearly 2,000 homes for sale might seem like a lot to you, it’s not.  It’s roughly half…

How Do You Win In This Real Estate Market?

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How do you win in this real estate market?  It takes more than learning about homes and how to write up an offer.  What’s required is a full preparation.  This is because when you find the house you want, you must act forcefully and immediately. If you read what I wrote in June, you’ll understand why this market is tough for you.  Since then it’s gotten tougher. Large scale NYC…