Special People Doing Special Things!

ERA Justin Realty in conjunction with Realtor agent and program coordinator Sharon Robie have secured items of necessity for families and children for Christmas 2019. 

N.J. Food & Clothing Rescue started in 2015 as a non profit fundraising organization.   Phil and Renay Stafford started the charity because in 1999 they were flooded  by hurricane Floyd and lost most of their belongings.  When they applied for relief services they were told that they would have to wait for services.  That motivated Phil and Renay as Phil had been helping people most of his life but wanted to take it a step further. N.J. Food & Clothing Rescue was born. 

Phil offered, "We try to help people that are in crisis without having to wait. If someone comes to us for help we can help immediately.  We help people all year long with food, toiletries and essential household items. At this time of year, one of many things we do is adopt a family for Christmas."

Renay added, "Throughout the years we've helped families who are in crisis or are having difficult times. We help single parents, seniors, Veterans and the homeless. We have families who are registered with us who we help with food weekly. During their hard times, we help them with fruits, vegetables and non perishable items. In this way what little money they do have they can use towards bills, rent, medicines, etc. The families for our Adopt A Family program are families that are registered with us.  We also sponsor a domestic violence agency, Never Alone Again.  This organization has families with single moms and children with many of them living in a shelter. We also have families referred to us from people who we know; who know families who are struggling. This is our 4th year that we have done this project. Every year the number of families and children we help increases."

Sharon concluded, "We have single families and companies including ERA Justin Realty sponsoring families for Christmas this year. This is very bitter-sweet and are happy that we are able to help so many families, but its also sad that there are so many in a situation like this. N.J. Food & Clothing Rescue could not do what we do collectively without the help of very generous people. ERA Justin Realty sponsored needy families in 2019. For additional information visit their website www.njfoodclothingrescue.org or email them at njfoodandclothingrescue@aol.com"

ERA Justin has always been there for the community. To find out how Sharon or any our real estate agents can help you with your real estate needs, please call (201) 939-7500 or visit us at one of our 2 Rutherford locations, 118 Jackson Ave and 57 Park Ave.

Selling A Cluttered House

 

Selling A Cluttered House

When you own a home, it is easy to accumulate a lot of items over time. With enough closets, spare bedrooms and a garage or shed, you can easily fill your home to bursting. When trying to sell that home, clutter makes your home seem smaller, ultimately eating equity and killing deals.

According to ERA Justin Sales Associate, Catherine Nimmo, “Getting rid of clutter is the first thing you need to do when you’re thinking of putting your home on the market, and, unless you move frequently, there are very few people who don’t accumulate more than they should”. Unfortunately, all of these items can really get in the way when you decide to sell your house. 

Clutter makes it hard to think. Buyers want and need to see the full potential of your house to picture themselves in it, but that can be difficult to do when it is covered up in your things. You have to make room for a potential buyer to imagine their lives in what might soon be their home. Make separate piles of items to save, donate, and throw away. Less is more! 

You can sell your items online, hold a garage sale, or donate. For the things you're keeping, store your personal items in the attic or basement or consider renting a storage space and temporarily clearing everything out to make the house neutral. 

 

By getting rid of extra seating, paring down the clothes in your closets and throwing out everything in the pantry that’s past its best-before date, you create the illusion of more space. After all, near-empty rooms always look bigger than rooms filled with furniture. Hiring a professional organizer to help with the process is very effective if a seller needs assistance.

 

Nimmo says, “Once you have removed all the clutter, you’ll want to do a deep-clean of your home”. If you do not plan on hiring a professional, go room by room cleaning- dusting, polishing, wiping, etc. If you have carpets, you will want to get them professionally cleaned. Hiring a stager can also help get the home show-ready once you have decluttered. A good real estate agent will have a portfolio of vendors to help you with all aspects of getting your home sales-ready.

 

The last step in the process is to take good professional photos. Most potential buyers these days are going to look at your house and its listing online. Good photos make all the difference, and will draw buyers. The cleaner it is, the less clutter it has, and the better the furniture is staged, the more amazing your photos will look. Spending time at this point of the process makes a big impact later on.

 

Catherine Nimmo and all of the ERA Justin Realty Sales Associates are available to help get your home ready to sell. Call (201) 939-7500 for all of your real estate needs. ERA Justin Realty is conveniently located at 118 Jackson Avenue or 57 Park Avenue. Both in Rutherford.

ERA Justin Realty Welcomes Jason Rivera

ERA Justin Realty Welcomes Jason Rivera 

Jason Rivera has recently joined the staff of Realtor agents at ERA Justin Realty. Jason is an East Rutherford resident, where he has lived for 3 years with his wife, Denise and their 2 children, daughter Jaden and son Sebastien and their boxer, Hazel. He is a native to the area having grown up in Passaic Park.

Jason said, "I’ve been through the process of home buying/ownership several times before becoming an ERA Justin Realty agent.  I know the feeling as a buyer and a seller and to be a successful agent, I need to feel more like a confidant rather than a sales person.” 

 “My previous life as a technician had me in and out of all different types of homes and I know the nooks and crannies of a living space. This has given me a good eye for detail. I also like to feel as if I’m visiting with the homeowner rather than having an appointment." Jason, who will be specializing with first time home buyers, continued, "My focus has been to do the right thing not because it benefited me but because it was the right thing to do and I was  recognized for detail of service as a most aesthetically detailed technician .

Jason concluded, "I am an avid guitarist, enjoy playing hockey and I'm a hockey ref with certifications from USA inline, AAU, SIHA and ISCA. I enjoy spending time with the kids and being involved with them at school functions. ERA Justin Realty is the right fit for me. It feels more like a family than a company and has the backing of ERA Real Estate, a well established brand."

 Jason and all of the ERA Justin staff can be reached at (201) 939-7500, (201) 438-0588 and at ERA Justin Realty’s 2 Rutherford offices at 118 Jackson Ave and 57 Park Ave.

ERA Justin Welcomes Kaitlyn Baco

Kaitlyn Baco recently joined ERA Justin Realty as Realtor Sales Associate and is excited to continue helping clients. A former executive chef, Kaitlyn understands client satisfaction and wants to bring the utmost attention to the customer service experience. 

Kaitlyn says, "I am committed in operating the best business that few can replicate as I am respectful, outgoing, friendly, competitive, and always willing to help. I am a great communicator and strive for satisfaction. Being able to assist others through business is my passion.” Kaitlyn graduated with high honors from Monmouth University with a degree in Business Administration from Monmouth University, and a concentration in Marketing and Management.

Kaitlyn continues, “I take full pride in hard work and dedication. I productively and efficiently plan my priorities (the guest/client first, always) and make strategic decisions to accomplish goals. I understand a great leader that can plan accordingly without wasting time is extremely important and essential in helping clients find their dream home in the time most comfortable for them.”

When asked why she chose ERA Justin Realty, Kaitlyn immediately boasted “I wanted to join ERA so that I would be treated like family. In my own family, we root for each other to be successful and are always encouraging one another to reach our own personal goals.”

Jennifer Darby Metzger, Broker Co-owner added, “We are pleased that Kaitlyn joined our firm for growth in her real estate career. She is dedicated and passionate in all that she does”. A 7 year resident of Rutherford, we are confident that she will give her full time and energy for the success of her buyers and sellers. 

For help with your real estate needs, Kaitlyn and all of the ERA Justin Realty real estate  professionals can be reached by calling (201) 939-7500 or visiting www.ERAJustin.com. We are conveniently located at either of the two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue.



 

ERA Justin sponsors a wreath for the 25th Annual Festival of Trees and Wreaths

ERA Justin’s little elves have been very busy decorating for the Kip Center's 25th Annual Festival of Trees and Wreaths. While a favorite tradition in the community, it also serves as a fundraiser for the Kip Center. Beautiful Trees and wreaths are designed by Kip supporters including local merchants, non-profit organizations, artists, and children. 

Trees/Wreaths/Centerpieces will be on display at the Kip Center from now until December 14th at which time they will be raffled off to benefit the 55 Kip Center. Raffle tickets are available for purchase Tuesdays through Saturdays from 8:30 am - 4:30 pm. Raffle tickets are 25 for $10.00. Please join us for a Kip Open House, as part of the Borough’s Holiday Festivities, from 11:00 am - 3:00 pm on Saturday, November 30th.

ERA Justin Realty is pleased to help 55 Kip Center, a fun, empowering, and enriching vital resource for older adults and their families. They are Bergen County's ONLY nationally accredited Senior Center of Excellence and have a membership of over 700 members. They offer Health & Wellness, Education, Recreation, Fitness and nutrition programs to area seniors volunteers also provide escort for essential transportation needs including doctor appointments and grocery shopping. Volunteers can also provide food shopping for those unable to shop for themselves. A little of your time can make a BIG difference in the life of a senior in Bergen County! For more information on this program or to become a volunteer, please call Cathy Baviello of 55 Kip Center at 201-460-1600. 

 

ERA Justin Realty Celebrates 35 Years with ERA and Introduces New Vision

ERA Justin Realty Celebrates 35 Years with ERA and Introduces New Vision

Looking back, Ron Darby Broker-Owner never thought he would be completing his 52nd year in the real estate industry. He thanked the community in addition to the lawyers, mortgage brokers, and bankers, along with other business professionals who have always been there for them as they have grown to top 100 ERA success status.

Jennifer Darby Metzger, Broker-Owner said, "Time flies when you are doing what you enjoy. I remember when I was studying for my salesperson and then my broker licensing. It seems like yesterday, though it's now thousands of transactions later. We've certainly grown and it's because of the dedication of our wonderful teammates and professionals who focus with us."

“ERA Justin Realty is highly driven by the knowledge and experience of our business platform. Everything we do is designed with the universal goal of expanding that knowledge base through a series of innovative tools, programs, and resources that help deliver true value and make it easier for us to better serve today’s consumers. We are building a smarter business community; we all achieve more when we share knowledge and work together.

Metzger concluded, "All of our firm’s Realtor agents can be reached at either of our two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue. By phone (201) 939-7500, (201) 438-0588 or (201) 438-SOLD. Also, view 1000’s of homes at our websites at www.ERAJustin.com and www.ERAJustinRealty.com."

Determining your ability to buy a home

 

 

 

Determining your ability to buy a home

The gap between the increase in personal income and residential real estate prices have been used to defend the concept that we are experiencing an affordability crisis in housing today. Home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: Mortgage interest rates
 

Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser’s ability to afford a home.

Here are three reports validating that purchasing a home is more affordable today than it was a year ago:

CoreLogic’s Typical Mortgage Payment
“Falling mortgage rates and slower home-price growth mean that many buyers this year are committing to lower mortgage payments than they would have faced for the same home last year. After rising at a double-digit annual pace in 2018, the principal-and-interest payment on the nation’s median-priced home – what we call the “typical mortgage payment”– fell year-over-year again.”

The National Association of Realtors’ Affordability Index

“At the national level, housing affordability is up from last month and up from a year ago…All four regions saw an increase in affordability from a year ago. The payment as a percentage of income was down from a year ago.”

First American’s Real House Price Index (RHPI)
“In 2019, the dynamic duo of lower mortgage rates and rising incomes overcame the negative impact of rising house price appreciation on affordability. Indeed, affordability reached its highest point since January 2018. Focusing on nominal house price changes alone as an indication of changing affordability, or even the relationship between nominal house price growth and income growth overlooks what matters more to potential buyers – surging house-buying power-driven by the dynamic duo of mortgage rates and income growth. And, we all know from experience, you buy what you can afford to pay per month.”

Bottom Line
Though the price of homes may still be rising, the cost of purchasing a home is falling. If you’re thinking of buying your first home or moving up to your dream home, let’s connect so you can better understand the difference between the two. To contact any one of our Real Estate Professionals, stop by either of our two Rutherford offices at 118 Jackson Avenue or 57 Park Avenue or by calling 201.939.7500.

Six Tips When Buying a Home

When buying a home in today’s complex real estate market, it is critical to have a local, trusted adviser on your side. Cathy Vick, seasoned Real Estate Sales Associate at ERA Justin Realty states, “Finding a home can be daunting as a first-time homebuyer if you aren’t prepared”. Here are five tips on how to find the home that is right for you, without losing your mind.

 

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach. This will help you avoid the disappointment of falling in love with a home well outside your price range. ERA Justin can help find a mortgage lender to get you started.

 

2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’

Do you really need that farmhouse sink in the kitchen or a certain light fixture to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Before you start your search, list all the features of a home you would like. Qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items. This will help with what to focus on that’s most important.

 

3. Research and Choose the Neighborhood Where You Want to Live

Every neighborhood has its own unique charm. Before you commit to a home based solely on the house, explore the area. Make sure it meets your needs for “amenities, commute, etc. and then spend a weekend exploring before you commit.” Also, an experienced real estate professional can share the “lay of the land” to a particular area, and may introduce you to a location you never would have considered before.

 

4. Pick a House Style You Love and Stick to It

Evaluate your family’s needs and settle on a style of home that will best serve those needs. Just because you’ve narrowed your search to a zip code doesn’t mean you need to tour every listing in that vicinity.

 

5. Find a Real Estate Pro to Help Navigate the Process

You started the preliminary process of the home search. Now is the time to contact a professional to help you move the process along. The home process is a complex transaction and although the internet and real estate apps can help you “find the home of your dreams”, an experienced real estate agent will help guide you through the arduous process.

 

6. Document Your Home Visits

Once you find a real estate professional and start touring homes, the features of each individual home will start to blur together. Keep your camera handy and make notes on the listing sheet to document what you love and don’t love about each property you visit.

 

Cathy Vick and our ERA Justin Realty agents are experienced in the local market and are here to answer any questions you may have regarding the home buying process. In a high-paced, competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.

 

To contact any one of our Real Estate Professionals for your home buying or selling needs, stop by either of our two Rutherford offices at 118 Jackson Avenue or 57 Park Avenue or by calling 201.939.7500. 

FLASHBACK: JENNIFER DARBY METZGER SPOKE AT NEW YORK'S HARVARD CLUB

 

FLASHBACK: 

JENNIFER DARBY METZGER SPOKE AT 

NEW YORK'S HARVARD CLUB

The most powerful and successful real estate leaders, from franchise brands and independent real estate firms across the nation, were welcomed to the Harvard Club in New York in 2018 by RIS Media.

Ron Darby, ERA Justin Realty Broker-Owner said, "Those leaders, including Jennifer Darby Metzger, came together last year for this event to exchange ideas and strategies to better meet the needs of today's sophisticated, technology-savvy consumer. Jennifer was chosen as a guest speaker specifically by a select group of brokers, owners, brand executives, and real estate service leaders."

“It was an honor to be invited to speak amongst some of the most knowledgeable leaders in real estate”, Darby Metzger said. As Jennifer spoke, she shared some of her strategies for effectively reaching, connecting and servicing today’s technologically-driven consumer.

It is this philosophy that has helped ERA Justin Realty to be recognized by its parent company, ERA Real Estate. ERA Justin Realty was named as a finalist for the Gene Francis Memorial Award. This award recognizes those companies that reflected the qualities most respected throughout the global ERA system and the real estate industry. Known for both his forward-thinking business acumen as well as his philanthropic spirit, Gene Francis established a defining culture of service to which all ERA companies aspire. Factored into the award selection are: high customer satisfaction ratings, strong brand engagement and use of ERA resources, and sales and company growth.

See why ERA Justin continues as a leader in customer satisfaction. The ERA Justin Realty team can be reached at either of the two Rutherford offices at 118 Jackson Avenue and 57 Park Avenue. By office phone (201) 939-7500, (201) 438-0588 or (201) 438-SOLD.

ERA Justin Realty Leadership Circle 2019

ERA Justin Realty Leadership Circle 2019

 

The Year-to-Date ERA Justin Realty Leadership Circle achievers for 2019 include (from
front to back): Julia Dagistanli, Sophia Vazac, Fara Espandi, Lee Schilare, Cathy Vick,
Carol D. Calamari, and Kristen Davis (not pictured).

Each one of these skilled real estate agents are knowledgeable on a variety of topics and
can help the sale or purchase of your home go smoothly.

The home buying/selling process is a complex transaction and although the internet and
real estate apps can help you “find the home of your dreams”, an experienced real estate
agent, like our Leadership Circle achievers, will help guide you through the arduous
process.

Our agents know the local market, have a vast network of other real estate professionals
to reach out to (including mortgage lenders, home inspectors, attorneys, title companies,
movers, etc.), and have tremendous negotiation skills. Even a straightforward sale can go
awry unless both parties keep to deadlines and stay ahead of potential problems. Our real
estate agents can correct issues with the contract, make sure inspections and repairs are
completed on time, and keep both parties on schedule to make the closing. Those are only
a few areas where having a professional Realtor can be of extreme value. The
experienced skills of our team are invaluable to the success and experience of the
transaction.

Our agents and their brokers, Ron Darby and Jennifer Darby Metzger are always advising
homeowners on topics that aid them in making sound real estate decisions regarding their
homes. “There is a difference in real estate companies and our agents take pride in their
work,” stated Darby.

With close to 100 units sold to date between these leadership circle winners, it is easy to
see that these sales professionals are hyper-focused and ready to serve the needs of their
sellers and buyers.

To contact any of our ERA Justin Realty agents for your home buying or selling needs,
stop by either of our two Rutherford offices at 118 Jackson Avenue or 57 Park Avenue or
by calling (201) 939-7500 or visiting www.ERAJustin.com.

4 Reasons to Sell This Fall

4 Reasons to Sell This Fall 

Buyer Demand is Strong

Buyers are out in force looking for their dream homes. Buyers are often competing with one another for the available listings. According to NAR, listings were only on the market for an average of 31 days last month. 

There Is Less Competition Now

Housing inventory is still under the 6-month supply that is needed for a normal housing market. This meant that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. 

There Will Never Be a Better Time to Move UP

Prices are projected to appreciate by 5.4% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in both down payment and mortgage payment if you wait. 

It's Time To Move On With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Perhaps the time has come for you and your family to move on and start living the life you desire.

All of the ERA Justin Realty full-service 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.

One of the Top Reasons to Own a Home

 

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and what you owe is called equity.

If your home has appreciated since the time you purchased it, that increase in value also raises your equity. Over time, the equity in your home could be substantial. Recently, CoreLogic revealed that the average homeowner gained more than $65,000 in equity over the last 5 years.

Unlike the last decade, homeowners are no longer foolishly tapping into that equity. In 2006-2008, many owners used their homes like an ATM by pulling equity out to purchase new cars, jet skis, or lavish vacations. They were pulling out cash (equity) from an appreciating asset, and then spending it on rapidly depreciating items. That is not happening anymore. Over 50% of Homes Have at Least 50% Equity

The number of homeowners that currently have at least 50% equity in their home is astonishing. According to the Urban Institute, 37.1% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 62.9% of homes with a mortgage, 25.6% have at least 50% equity. That number has been increasing over the last five years: By doing a little math, we can see that 53.2% of all homes in this country have at least 50% equity right now. Of all homes, 37.1% are mortgage-free and an additional 16.1% with a mortgage have at least 50% equity.

The bottom line is that homeownership is different than renting. When you own, your housing expense (the mortgage payment) comes back to you in the form of equity in your home. That doesn’t happen with your rent payment. Your rent helps build your landlord’s equity instead.

All of the ERA Justin Realty full-service 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.

Cristina Munoz: 5 Reasons to Sell This Fall

Cristina Munoz: 5 Reasons to Sell This Fall

Cristina Munoz, ERA Justin Realtor Agent offers the following, "Below are 5 compelling reasons listing your home for sale this fall makes sense.

1. Demand Is Strong
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home.Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now
Housing inventory is still under the 6-month supply that is needed as a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up desire for many homeowners to move as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move. Many homeowners were reluctant to list their homes over the last couple of years, for fear that they would not find a home to move to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you decide to sell.

3. The Process Will Be Quicker
Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to Ellie Mae’s latest Origination Insights Report, the time needed to close a loan is 43 days.

4. There Will Never Be a Better Time to Move Up
If your next move will be into a premium or luxury home, now is the time to move up. There is currently ample inventory for sale at higher price ranges. This means if you’re planning on selling a starter or trade-up home and moving into your dream home, you’ll be able to do that in the luxury or premium market. According to CoreLogic, prices are projected to appreciate by 5.2% over the next year. If you’re moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage) if you wait.

5. It’s Time to Move on with Your Life
Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than having the freedom to go on with your life the way you think you should Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire. That is what is truly important.

Cristina and all of the ERA Justin Realty full-service 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.





 

Homeownership Will Always Be a Part of the American Dream

According to Morgan DePalma, "On Labor Day we celebrate the hard work that helps us achieve the American Dream. Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families. Today we celebrate the workers that make this country a place where those dreams can become a reality.

According to Wikipedia,

“Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of the country.” Morgan continued.

The hard work that happens every day across this country allows so many to achieve the American Dream. The 2019 Aspiring Home Buyers Profile by the National Association of Realtors (NAR) says, "Approximately 75% of non-homeowners believe homeownership is part of their American Dream, while 9 in 10 current homeowners said the same. Looking at the number of non-owners, you may wonder, ‘If they believe in homeownership, why haven’t they bought a home yet?’. Well, increasing home prices and low inventory can be part of the reason why some haven’t jumped in, but that does not mean there is a lack of interest. The same report shows the increase in the desire to buy in the last year."

Morgan concluded, "As we can see, there are more and more people each quarter who want to buy a home. The good news is, as more inventory comes to the market, more non-homeowners will be able to fulfill their dreams. Finally, they’ll be able to move into that home they drew when they were little kids! If you’re a homeowner considering selling, this fall might be the right time, as there are buyers in the market ready to buy. Let’s get together to determine how you can benefit from the pent-up housing demand."

Morgan and all of the ERA Justin Realty full-service 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.

5 Easy Steps to Avoid Overwhelm from Media Overload

 

5 Easy Steps to Avoid Overwhelm from Media Overload

According to ERA Justin Realtor agent, Beth Albanese, "When someone is thinking about buying or selling a home, they want to be well-informed. They want to make the right decision for themselves and their family. They scour the internet for any information they can find about the housing market."

Today, there is an abundance of information available. It is often conflicting news. It can easily lead to confusion and concern, perhaps even causing a potential buyer or seller to cancel their plans to move altogether. Instead, the best thing to do is sit down and take a deep breath.

In a recent article, Jeff Davidson, a recognized speaker on the subject of productivity, explained:

“The pace at which new information arrives will accelerate every day…Too often, the reflex to take action only exacerbates your time-pressure problems. Do not bite off more than you can chew, and acknowledge that often, the wisest response to too much competition for your time and attention is to simply slow down to assess the best way to proceed.”

Beth added, "To that point, here is an easy five-step process to follow if all of this information seems overwhelming:"

Calm Down – Don’t let the confusion lead to concern or panic.

Slow Down – As Davidson suggests, just 'slow down to assess.'

Think – Remember the reasons you wanted to move in the first place. Are they still important?

Plan – Determine whether or not the new information should change anything. If you need further clarification on some points, reach out to a Realtor professional in your area for a better understanding.

Act – After thorough consideration, feel good about your decision, whether you decide to move or not.

Beth's bottom line includes, "Don’t let the plethora of seemingly conflicting information on the housing market stop you from moving forward with your life. Let’s get together to ensure you get the valuable counsel you need so you can make the right decision for you and your family. Simply call me at ERA Justin Realty at (201)939-7500. I'm here to help along with our team of nearly 40 agents, management and administrative staff. We re always just a phone call away."

PEGGY McLAUGHLIN OFFERS TYPES OF REAL ESTATE

PEGGY McLAUGHLIN OFFERS TYPES OF REAL ESTATE

According to Peggy McLaughlin, an ERA Justin Realtor agent, "The Internal Revenue Service considers four different types of real estate when doing their calculations. Specific types of properties have benefits based on their classification. This determination does not depend on the property itself as much as it depends on how the property is used and what the owner's intentions are. As guidance, it is suggested that you review the following with your accountant or tax representative, as tax laws and incentives change without notification to the public."

Principal Residence ... a principal residence is a place a person lives or expects to return if they are temporarily away from it. It could be a single-family, detached home or condominium or a duplex, tri-plex or four-unit. The owner(s) can deduct the qualified mortgage interest and property taxes on Schedule A of their tax return. There is a capital gains exclusion on a profit of up to $250,000 for a single taxpayer and up to $500,000 for a married taxpayer.

Income Property - is improved property that is rented or leased to tenants as opposed to using it personally. It can include houses and condos, apartment buildings, office complexes, shopping centers, warehouses, and other commercial buildings. Depreciation is allowed on the improvements. For property held more than one year, the profits are taxed at long-term capital gains rates. This type of property is eligible for a tax-deferred exchange.

Investment Property ... can be raw land or improved property that is not rented or leased. This property is not subject to depreciation. If the property is held for more than one year, the profits are taxed at long-term capital gains rates. It is also eligible for a tax-deferred exchange.

Dealer Property ... this type of property is primarily considered inventory because the intention is to sell it without intentionally holding it for more than a year. It could be new construction such as a home builder. It could be an investor who buys a property and expects to sell it for more. There is not a requirement to make improvements. The profits on dealer property are taxed as ordinary, "sweat of the brow" income. Dealer properties cannot be exchanged.

A second home is like a principal residence in that you can deduct the interest and property taxes on your Schedule A, up to the limits. A second home, as well as a principal residence, can be rented out up to 14-days a year without threatening the status of the property. Seconds homes are not eligible for exchange because personal use properties are not allowed. A second home is not a principal residence and profits are taxed like an investment property. If you own it for more than a year, it is taxed at long-term capital gains rates.

Vacation homes are rented for more than 14 days a year and are like income property but with some additional rules that apply. If your personal use is 14 days or less or 10% of the time it is rented, your expenses can be deducted in excess of income. If you use it for more than 14 days or more than 10% of the number of days it is rented, it is considered personal use and your expenses are limited to the amount of income collected with no losses being deductible.

Taxpayers can strategically change the property type based on their intentions. A principal residence can be converted to income property. Dealer property could become a principal residence. A rental property could become a principal residence.

All of the ERA Justin Realty full-service 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.

TV SHOW Myths vs. REAL LIFE

 

TV SHOW MYTHS vs REAL LIFE 

"Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting," said Rufina "Maggie" Rodriguez/ERA Justin Realtor agent. When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, not necessarily correct.

Myth #1: Buyers look at 3 homes and decide to purchase one of them.

Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours more as a part of their search.

Myth #2: The houses the buyers are touring are still for sale.

Truth: Everything is staged for TV. Many of the homes shown are already sold and are off the market.

Myth #3: The buyers haven’t made a purchase decision yet.

Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy.

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.

Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but they are only one piece of the overall marketing of your home. Keep in mind, many homes are sold during regular showing appointments as well.

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.

Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives and goals.

Bottom Line: Having an experienced professional while navigating the real estate market is the best way to guarantee you can make the home of your dreams a true reality. 

All of the ERA Justin Realty full-service 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.

 

How Much Do You Know About Down Payments?

How Much Do You Know About Down Payments?

ERA Justin Realty's Lauren Waddell offers, "Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today."

1. How much do you really need for a down payment?

There is a long-standing misconception about down payment requirements. A survey from Fannie Mae shows only 17% of consumers know the minimum options are actually between 1 – 5% of the purchase price and 40% don’t know how much they need at all."

She continued, "There are many mortgage loans available that require as little as 3% down for first-time buyers, and some ask for only 3.5% down from repeat buyers. There are even loans available for Veterans that provide 0% down payment options too.

We’ve mentioned recently that you don’t need to come up with a 20% down payment to buy, and we’ve also shared how quickly you can save for a 3% or 10% down payment, depending on where you live. If you’re planning to put down just 3%, the research shows it may be possible in most states to have enough saved for a down payment in less than a year. That puts homeownership in a much closer reach for many potential buyers, maybe even you!

2. How can I get help with my down payment?

Regardless of the loans available, many buyers still need assistance with a down payment. The great news is, there are a lot of ways to tap into down payment assistance options. Here are just a couple of them:

Assistance from Family Members

The National Association of Realtors (NAR) said, “a third of recent first-time buyers received down payment assistance from family members.” They also mentioned, “the average net worth of those aged 75 and over stands at $264,800…They just might offer the boost the next generation needs to become homeowners.”

That means one of the ways to find help with a down payment is to accept a gift from a family member. If this is an option for you, make sure you talk to your loan officer before you accept the money, to ensure you document the process the way it is required by your loan. This way, it will be received properly and you can still potentially qualify.

Down Payment Assistance Programs

The reality is, not everyone has a loved one or a family member who can provide help with a down payment. There are, however, more than 2500 down payment assistance programs available (by local areas like city, county, or neighborhood), and some of them are even specifically for first-time buyers. The gap, as mentioned in the same survey, is “only 23% of consumers are familiar with low down payment programs.”

That’s why it is so important to get familiar with these options by doing your homework before you plan to buy a home. Determine what is available in the area where you ultimately want to live, so you have all the details you need to take advantage of the down payment assistance option that is best for your family.

If buying a home is one of your long-term goals, you may be able to get there sooner than you think by tapping into one of the many down payment assistance programs available.

The ERA Justin Realty full-service 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.

10 Steps For Buying a Home This Summer

10 Steps For Buying a Home This Summer

 

If you are thinking of buying a home, you may not know where to start. Here is a simple list of 10 steps that you will go through to purchase a home. Make sure to ask your agent for details about each step. ERA Justin Realty has been a New Jersey market leader since opening its doors in 1950. 

1. Save your down payment.  (It may be as low as 3.5%)
2. Know your credit score. 
3. Work with an accomplished real estate agent. 
4. Get pre-approved.  
5. Go home shopping.  
6. Make a proper offer. 
7. Have your home inspection. 
8. Have your mortgage appraisal. 
9. Close the sale. 
10. Congratulations, you are a home owner and can Move In.

Our ERA Justin Realty group of Realtor Broker Owners, agents, management staff and administration team are available to serve your needs daily. The 10 steps and more is what we do each day for our buyers and sellers and how we accomplish successes for you.

 

Further, we are the #1 Brokerage in closed Rutherford listings and sales for the last 18 consecutive years with over 1,000 reviews and testimonials from our buyers and sellers.

 

Questions and want more information on our real estate market leaders and real estate topics, consumers can reach the ERA Justin Realty team at either of their two Rutherford offices at 118 Jackson Avenue or 57 Park Avenue. By phone at (201) 939-7500, (201) 438-0588 or (201) 438-SOLD. Additional real estate information is also available at the firms 1000's of homes websites at www.ERAJustin.com and www.ERAJustinRealty.com.