Insights: Rather Than Sitting on the Fence …Why Not Own It?

Insights: Rather Than Sitting on the Fence …Why Not Own It?

ERA Justin Realty, a real estate brokerage serving Bergen, Passaic, Essex and Hudson counties since 1950 are market leaders in real estate and are experiencing market conditions stronger now than in years.

Carol D. Calamari, Realtor agent with the firm offers the following insights for consumers considering buying a home.

"Homes are affordable for qualified buyers – New listings of homes come to the market daily. Sellers are active in transferring, upgrading to a larger home or downsizing nearing retirement. The market is strongly active with motivated sellers and buyers wanting to take advantage of this active market.

Mortgage interest rates are low – 30-year fixed mortgage interest rates remain near historical lows, based on an average 30-year fixed mortgage rates, fluctuating under 4%.

Timing is Everything – For qualified buyers, this is the time to buy. According to market trends as we approach the holidays, with current inventory being sold and fewer houses coming to market, your best selection of homes may be now and you'll have an opportunity to move in for the holidays.

Homeownership is  an American Dream – Overwhelming, buyers feel homeownership is an important part of the American Dream, according to the great number of homes sold and closed in 2016 and those currently in the market.

Financing is Available – Today’s borrower needs to have stable employment and sufficient income to cover the monthly mortgage payment and living expenses; adequate savings to make at least a minimal down payment; and an acceptable credit score. If you meet these basic requirements and plan to live in the home, you may be well on your way.  Varied mortgage loan programs are available to qualified buyers including FHA which requires a low down payment, conventional mortgages, and VA mortgages with no down payment. Credit score minimums may be higher or lower depending on loan type, income history, property type and other factors."

“Now may well be the time to make your move,” continued Calamari.  “If a home purchase is in your future plans, I would encourage you to talk to one of our Realtor agents because now may be the time for you to act. There is changing inventory on the market for you to capture that dream home you have always wanted at a possible price and terms you can handle.  But don’t wait too long, because mortgage rates and home prices won’t stay this low forever.  Find your dream home along with a mortgage that meets your needs with the help of our professional Realtor agents."

ERA Justin Realty has received the prestigious 'Commitment to Excellence' Award from all across the ERA nation.  For these reasons ERA Justin Realty should be your buying and selling Realtor of choice.

All of the ERA Justin Realtor agents can be reached at either of their two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue, by office phone (201) 939-7500, (201) 438-0588 or (201) 438-SOLD. Also view 1000s of homes at their websites at www.ERAJustin.com and www.ERAJustinRealty.com.