What Is Attorney Review About?

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What is Attorney Review about?  While I’m not an attorney, I’ll explain it from a real estate agent’s viewpoint.  Only an attorney can fully explain the legalities on this. Because so many home buyers and sellers don’t understand this at all, I thought an agent review would help you.  Again, only an attorney can properly advise and explain this. Buying A Home in New Jersey Buying a home in New…

Bergen County NJ Homes Report

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It might seem early for a Bergen County NJ homes report since we’re only 60 days into 2021.  However the market has revealed itself already in several ways.  Let’s take a look at the following: 1.  New Listings 2.  Under Contract 3.  Fall Through Rate 4.  Absorption Rates   New Listings Bergen County NJ homes are not in good supply.  I thought 2020 was a problem because the inventory of…

The Top 3 Home Buying Mistakes

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The top 3 home buying mistakes I see home buyers make are: 1.  Choosing The Wrong Agent 2.  Using The Wrong Banker 3.  Hiring The Wrong Attorney Choosing The Wrong Agent Communication is key.  Are you and your agent on the same page?  Are you a team?  Is your agent advising you like a consultant rather than trying to “sell you” on a house? Does your agent know the area…

Your Home Inspection – How To Mess It Up

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Your home inspection is to me the most critical part of buying a home.  Why do I say this?  Because your sales contract while the most important, is handled by your attorney.  If we assume you’re using a great real estate attorney, this should be fine.  Home inspections, on the other hand, can truly hurt you if not done right.   So how do we mess them up?  By not…

New Jersey is not New York City

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  New Jersey is not New York City.  Neither is Bergen County NYC.  Because so many of us see it as the same area, mistakes happen.  When this involves your mortgage, results are often disastrous. New Jersey is not New York City Bergen County is in New Jersey.  We’re the northeast corner of NJ immediately across the Hudson river from NYC.  Above Manhattan is Westchester and to our north is…

Bergen County Through August

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Looking at Bergen County through August tells us two things about the real estate market here.  Most importantly the market has fully recovered.  Also while it seemed at times over heated, we’re moving forward conventionally. New Jersey MLS Sales Using the New Jersey MLS Comparative Report, I can compare one year to another.  Because sales figures are not enough, I also look at under contract figures.  Using both gives you…

Why The Future of Housing is Positive

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The future of housing is positive because of several fundamental reasons.  While the US economy is officially in a recession, this recession is very different. This Recession is Different How do you define a recession?  When you have 2 consecutive quarters of negative economic growth you’re in a recession. This one, however, is different. Begin with the fact that it’s man made.  There was no structural economic reason for this;…

Bergen County Luxury Homes Are Flying

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Bergen County luxury homes are flying.  They are selling in substantially greater numbers than they have for the past several years.  This is because of Covid 19 as well as the high cost of living, dense population and quality of life in cities.  Let’s take a look at a few areas comparing 2019 to 2020 through April. Alpine Alpine New Jersey is well known as one of the most exclusive…

Bergen County Market Update Mid April 2020

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To do a current Bergen County market update, I have to go back 30 days.  If you look at what I wrote about the market on March 25th,  you’ll see that we were holding our own.  The data from the New Jersey MLS was nearly identical comparing 2020 to 2019.  While this was true, I also saw storms on the horizon. Since then things have changed.  We began the lock…

Bergen County Real Estate Market Update March 25th

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Here is the Bergen County Real Estate Market Update as of March 25th.  I’ll begin with the basics below. Next is how things changed in early  March, data from the New Jersey MLS, what it tells us and how Weichert and I have approached things for decades.     Basic Market Behavior Currently People are listing homes People are buying homes Rentals are moving at a good clip Drive By…