Uncategorized November 17, 2022

Supporting Your Local Businesses

Supporting small businesses is an extremely important part of setting our community up for success. Local businesses strengthen our economy, provide jobs to our friends and neighbors, reduce environmental impact, and do so much more to benefit the towns and neighborhoods we live in. Wondering the best way that you can support local businesses? See our suggestions below: 

  • Shop Local This Holiday Season 

“You can‘t buy happiness, but you can buy local and that’s kind of the same,” – Author Unknown. Whether you’ve already made your holiday wish list or are just beginning to wrap your mind around holiday planning, make the conscious effort to shop locally this season. This magical time of year positions us with an excellent and unique opportunity to support our local shops and owners through purchases and recommendations to friends and family. 

Instead of supporting large corporations, consider heading to your favorite local spots to pick curated gifts for your loved ones. For example, grab a gift card from one of our favorite local businesses, Jennifer Layne Acupuncture & Wellness, and give the gift of rest and relaxation this year.

  • Leave Positive Reviews 

If you have had a great experience with a small, local business – make sure to share it! Reviews and customer testimonials go a long way to grow a brand and its reputation within the community. A higher number of reviews increases a business’ online presence and visibility and helps to expose it to new customers. While leaving a review only takes a couple minutes of your time, it makes a long-lasting impact on any business. 

Extend the practice of leaving reviews beyond the internet through word-of-mouth recommendations. Sharing your favorite local spots with your network serves as a powerful tool that is sure to help a small business grow. 

  • Support on Social Media 

Get social with your support! One of the best ways to support a business is through engagement on their social media pages. This provides you a direct line to the business, where you can share your enthusiasm and encouragement of the brand. 

Give your favorite local businesses a follow, engage with their content via likes and comments, and share their posts with your own followers. 

“From one local business to another, our team at ERA Justin Realty knows how important it is to support and uplift the incredible members and businesses within our local community and so greatly appreciate when our clients and friends do the same for us,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty. “These businesses are owned and operated by our neighbors, family, and friends. They do so much to help our community and deserve all of our support in return!”


charitytoy collectionToys for tots November 10, 2022

ERA Justin Realty Collects Toys for Tots

ERA Justin Realty is once again partnering with Toys for Tots to collect gifts for children in need this holiday season. 

The campaign kicks off on Thursday, November 10th and continues through Friday December 2nd, which is the final day for drop off at ERA Justin’s new location at 46 Chestnut Street in Rutherford.

“Toys for Tots helps give children in need the magic of the holidays,” said Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty. “We’re so happy to participate in this terrific program for the fourth year in a row.” 

Toys for Tots is celebrating its 75th anniversary this year. The organization marked the milestone with a new commemorative logo.  The designer of the chosen logo, which is seen on all of this year’s collection boxes, is ERA Central Realty Group’s in-house graphic artist, Suzi Kelly.

“It’s an honor to represent the Toys for Tots program. My daughter is a Marine and Toys for Tots has been an important effort for our family and ERA for many years,” said Kelly, “Incidentally, Walt Disney designed the iconic Toys for Tots logo, so my work is in excellent company.”

Established in 1947, Toys for Tots is the U.S. Marine Corps’ premiere community charity program. The non-profit has hundreds of local toy collection and distribution programs in all 50 states, plus Washington, D.C., Guam, The Virgin Islands and Puerto Rico. This past year, Toys for Tots distributed 19 million toys to more than 7 million children in need.

Unwrapped gifts can be dropped off at ERA Justin’s office at 46 Chestnut Street in Rutherford. A drop-off box will be available near the front desk. 

If you shop online, you can also help ERA’s Toys for Tots drive by purchasing toys through AmazonSmile.com and choosing Toys for Tots as the designated charity. A small portion of each purchase will be donated on behalf of Amazon directly to Toys for Tots at no additional cost. All purchases should be shipped to 46 Chestnut Street, Rutherford, NJ 07070. Please shop early to ensure that all purchases are delivered to this location by December 2nd. 

The entire team at ERA Justin Realty is thankful for your support and generosity this holiday season!

Home sellingHomebuying FAQhomeownershiphousing marketJoana IlescuJoana Iliescumortgagemortgage rates November 3, 2022

Rising Mortgage Rates: 3 Things Buyers Can Do

Mortgage rates jumped again. They’re now over 6%, for the first time in 2008. That’s more than double the 2.86% it was this time last year.

But this doesn’t mean you should give up on your dream of homeownership. There are things homebuyers can do to offset the higher interest rates.

 

Expand Your Search Area and Criteria

 If you have been searching for a home in a city or a specific area that is starting to feel out of your price range, you may want to expand your search radius to include more affordable areas. 

“Just a few miles farther away from a city can add up to major savings in home prices,” says Joana Iliescu, Sales Associate at ERA Justin Realty, “Plus, chances an up-and-coming neighborhood on the outskirts of town will be the next hot spot in a few years. That will make you money when you sell or create equity.”

You could also take another look at your wish list and narrow things down. “Do you still need a home office?” asks Iliescu, “You may not as more companies are returning to office buildings. Scratching that off your list could make the difference.”

 

Explore Alternative Financing

 Mortgages are not one size fits all. There are a variety of options ranging from different loan types to varying down payment minimums. An experienced loan officer can find the right mortgage for you. “Don’t just choose a loan for yourself online,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “Any of our sales agents can personally introduce you to a lender who knows the ins and outs of the business and potentially save you a lot of money in the long run.”

 

Look for Grants, Gifts & Down Payment Assistance

For many would-be first-time homeowners, coming up with a 20% down payment is daunting. What many don’t know is: You don’t need a full 20%. And the money doesn’t have to come from your own savings.

“There are numerous grants and other options to help first-time homebuyers achieve their dream of home ownership,” says Iliescu. “A good place to check is DownPaymentResource.com. There are special benefits for people in certain professions like veterans, teachers, doctors and nurses. And your personal lender could know of even more that come from local governments and other non-profit organizations.”

 

Bottom Line

If the fear of rising mortgage rates has you pushing pause on home search, it’s time to press play again. Get back in the game and see what you can achieve. Joana Iliescu or any of the agents at ERA Justin Realty can help. Call us at 201-939-7500.



1st 3 quarters winner1st 3 quarters winners2022 q3 leadersCarol CalamariCarol D. CalamariCatherine Nimmocatherine vickCathy VickCathy Vick Julia Dagistanli.Danielle SetteFara EspandiJulia Dagistanlilee schilare October 27, 2022

ERA Justin Announces Q3 Leaders

ERA Justin Realty Co is proud to announce its 2022 Leaders Award winners for the third quarter of the year. The winners are: Fara Espandi, Danielle Sette, Jessica Davidson, Carol D. Calamari, Cathy Vick, Lee Schilare, Julia Dagistanli & Catherine Nimmo.

“Despite the ever-changing real estate market, these agents are consistently positive,” said Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty Company. “That positivity shows not only in their sales, but in the satisfaction of their clients.”

The ERA Justin Leaders Award recognizes agents who meet and exceed their goals and the company’s goals on a monthly basis. 

“I look forward to watching the continuing growth of these women, as well as our whole team,” says Metzger. “I expect we will all thrive in our own new space at 46 Chestnut Street.”

ERA Justin is a leader in Southern Bergen County residential real estate. With more than 30 trained and experienced real estate professionals going beyond expectations to meet their clients’ needs, ERA Justin is the ideal spot to begin a location transition. 

To reach Fara, Danielle, Jessica, Carol, Cathy, Lee, Julia, Catherine or any of ERA Justin’s real estate professionals, call 201-939-7500 or visit their 46 Chestnut Street or 57 Park Avenue locations, both in Rutherford, New Jersey. Visit www.erajustin.com to see current listings.



ERAERA JustinERA Justin RealtyERA Justin Realty agentPilar Castro September 29, 2022

Pilar Castro Joins ERA Justin Realty’s Family of Real Estate Professionals

ERA Justin Realty is thrilled to announce that our exceptional community of agents is growing with the addition of new Sales Associate Pilar Castro. Pilar is a longtime resident of Bergen County who has made helping people the main pillar of her career journey from teaching to legal work and now real estate. “My philosophy is simple,” says Pilar, “Treat each client with individualized care in order to offer an exceptional real estate experience from start to finish.”

Before joining ERA Justin Realty, Pilar spent 20 years working in a Northern New Jersey law office reading and understanding real estate contracts. “I have the experience and the confidence to ensure all my clients’ needs are not only met, but exceeded,” says Pilar. “Comprehending and interpreting legal contracts is a skill that is invaluable in real estate transactions,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “We are thrilled to welcome Pilar to the team.”

“I understand that the act of purchasing or selling a home is a pivotal moment in a person’s life,” says Pilar, “I strive to empower my clients to make the best decisions through every step of the process.” Before working in the field of law, Pilar spent years in both public and private school systems teaching. Pilar says being a teacher taught her the art of patience. “Patience is equally invaluable in real estate, as we guide people through the emotional and physical stress of moving,” says Darby Metzger.

In addition to Pilar’s years of life experience in Northern New Jersey, she is also fluent in Spanish and well versed in Portuguese, a tremendous asset to our neighbors who may not have mastered the English language yet. Pilar and her husband Celso have two sons Daniel and Alexander, a daughter Cassandra and a beloved dog named Frosty.

If you are looking for an agent with deep knowledge of real estate law and contracts, contact Pilar or any of our experienced real estate professionals at ERA Justin by calling 201.939.7500.



housing marketJennifer Zenquismarket analysismarket updatemoving September 22, 2022

Why Are People Moving Today?

Whether it’s your first time – or what you hope will be your last – buying a home is a major life decision. Current market conditions could be weighing heavily on your decision. If you’re planning a move, here’s what today’s shifting market could mean for you.

Mortgage rates are higher than they were at the beginning of the year and home prices are still rising, but that doesn’t mean you should put your plans on hold. Instead, you need to look at your personal reasons for moving, and how important they are to you. Here are two of the biggest personal motivators driving people to buy today.

 A Need for More Space

“Maybe your family is growing, or maybe you are now working from home,” says Jennifer Zenquis, Sales Associate at ERA Justin Realty, “A need for more space is one of the biggest reasons people choose to buy a new house.”

More space inside isn’t the only factor. “For many, a large yard or greater access to the great outdoors in general is sending people searching for new homes in the suburbs,” adds Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty.

 

A Desire to be Closer to Loved Ones

Moving companies often survey customers on why they’re moving when booking jobs. According to United Van Lines’ latest survey, nearly 32% of their customers moved to be closer to loved ones.

Another moving and storage company, PODS, backs this up and adds that more flexible work from home and hybrid options are now allowing workers to live closer to those they care about most, rather than closer to the office. 

“It’s a shifting of priorities,” says Zenquis, “Being nearby for caregiving or being able to attend get-togethers celebrating life milestones could be exactly what you’re looking for right now.”

 What Does it Mean for You?

Regardless of your motivation, sometimes when it’s time to move – it’s time to move! While the current state of home prices and mortgage rates will play a role in your decision, it’s equally important to make sure your home meets your needs. “Your home is your castle,” says Darby Metzger, “It’s not just about the numbers.”

No matter why you are moving, Jennifer Zenquis, or any of the experienced agents at ERA Justin Realty can help you weigh your options. Give us a call at 201-939-7500.



housing marketIlene Harpuderinventorymarket analysismarket updatesell your homeSelling September 8, 2022

Millennials: Is It Time to Buy a Bigger Home?

Are you a millennial who already owns a home? If so, it may be time to trade up.

After all the home price increases of 2020, 2021, and so far in 2022, you could have more equity in your home than you think. 

 

Housing Prices

High house prices mean it’s high time to sell. But doesn’t that mean it’s a bad time to buy?

“Yes and no,” says Ilene Harpuder, sales associate at ERA Justin Realty, “If you sell high, you will have more money to put down on your next house.” Housing prices are starting to come down after the spike during the height of the pandemic, but your mortgage payment could be a little higher.

 

Mortgage Rates

Interest rates are on the rise, but Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty says that should not deter people from buying. “If interest rates drop in the future, you can always refinance.”

Millennials can look to upgrade either by buying from each other or from Gen Xers. A new report by Engel & Völkers shows Millennials and Gen Xers will make up over 80% of luxury home sales this year. Nearly half of the sales will be by millennials, and it will be their first time selling a home.

 

Work From Home

“Now that so many millennials are working from home, they need extra space,” says Harpuder, “And some Gen Xers are deciding to retire early, so they are looking to downsize. It’s a win-win for both generations”.

If you’re a millennial thinking about moving this year, Ilene Harpuder or any agent at ERA Justin Realty is here to help. We can tell you how much equity you have in your current home and the opportunities it can create. Call 201-939-7500.


autumn marketAutumn SellingGrace Tirritohome affordabilitymarket analysismarket update September 1, 2022

Is The Housing Market Correcting?

If you’re following all the news lately about inflation, housing costs and interest rates, it could leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here is what you need to know.

“The housing market is leveling off compared to the spikes of the last two years,” says Grace Tirrito, Sales Associate at ERA Justin Realty, “But what everyone needs to remember is the past two years were unprecedented in nearly every way.”

Mortgage rates reached record-breaking lows. Millennials came of home buying age and created an influx of buyer demand. And on top of that, there were not enough homes on the market to satisfy all the buyers due to years of under-building combined with older sellers who held off listing due to the pandemic. 

“This combination led to record-high demand and record-low supply,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “Now we are starting to see a shift back to a more sustainable housing market. So, it’s not a crash nor a correction.”

The number of monthly home showings nationwide indicate buyer demand is still high, despite rising mortgage rates. Home tours skyrocketed during the height of the pandemic in 2020 and 2021. 2022 is so far lower, but still high compared to 2019. Home sales nationwide are at similar levels, not as high as 2021, but not back down to 2019 levels yet.

“It’s important to remember not to compare the market today to the abnormal circumstances of the pandemic years,” says Tirrito, “Today’s market looks a lot like 2019, which was actually a very strong year for real estate, it just doesn’t look like it in the shadow of 2020 and 2021.”

If recent headlines about the future of the housing market are creating concerns about whether it is the right time to buy or sell, an experienced real estate agent can help you put current events in context. This is not a crash nor a correction, but rather a return to more typical market conditions. If you have questions about your local market, contact Grace Tirrito or any of the professionals at ERA Justin Realty by calling 201-939-7500.



glenn did it againGlenn ElliotHome sellingHomebuying FAQinventorynew constructionreal estate investingreal estate market August 25, 2022

Time to Buy: Existing Home or New Construction?

If you put a pause on your home search because you were not sure where you’d go if you sold, it may be time to rethink that decision. “More homes are starting to come on the market and there are fewer bidding wars,” says Glenn Elliot, Sales Associate at ERA Justin Realty, “So you have a greater chance of finding your dream home.”

So, what are you looking for? New construction or an existing home? 

Here are some things to consider.

 Existing Homes

According to the National Association of Realtors (NAR) the supply of existing homes, that’s those that were previously owned, has steadily increased since the beginning of the year.

“We are seeing more homes come on the market than this time last year,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “Plus, they’re not selling as fast. That equals more overall inventory. This is great news if you’re looking to buy.” 

There are several benefits to buying an existing home including character in historic homes, mature landscaping, and established neighborhoods and schools.

“Timing is also an important consideration,” adds Darby Metzger, “You can move into a home based on an agreed upon timeline with the sellers, instead of waiting for new construction to finish.”

 New Construction

Now that pandemic-related supply chain issues are starting to ease up, there are an increasing number of new homes available for sale. This includes homes that are already fully built, currently under construction or soon-to-be completed.

“For homes that are not yet finished, everything is brand new,” says Elliot, “And buyers can have a say in specific options like appliances.” Having the benefit of all new appliances, windows and roofing can add up to savings in energy costs. “Warranties also help cover costs of inevitable repairs,” Elliot adds.

Keep in mind, buying unfinished new construction means you are less in control of your move-in timeline. “Your timeline is an important thing to consider when making your decision and one you should discuss with a trusted real estate professional,” adds Darby Metzger.

Whether you are interested in an existing single family home or a new construction condo, Glenn Elliot or any of the agents at ERA Justin Realty can help you find the right fit. Call us at 201-939-7500.


david jacksonfirst home tipsfirst time buyerfirst time buyersFirst Time Homebuyer tipsFirst-time buyer questionshome buyer tipsHome buying stepshome buying tips August 18, 2022

Terms to Know When Buying a Home

The process of buying a home for the first time can sometimes feel like learning a whole new language. Contingency? Equity? Escrow? What does it all mean?

Here are some key terms to know:

 Credit Score

Mortgage lenders use your credit score to determine how likely you are to pay your future debts. “The number ranges from a low of 300 to a high of 850. The higher your number, the safer that bet that you will pay bills,” says David Jackson, Sales Associate at ERA Justin Realty.

 Pre-Approval

When you’re ready to start house hunting, your lender will arm you with a pre-approval letter that indicates how much you can afford to spend. This will give you a leg up over other buyers who are not pre-approved for a mortgage.

 Mortgage Rate

This is the interest you will pay on the money you borrow to buy your home. It varies and can be locked in ahead of your closing date.

 Appraisal

This is the estimated value of a property as evaluated by a qualified third party (so not the seller, nor the buyer’s estimation.) “Mortgage brokers rely on appraisals,” says Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, “They’re making sure they’re not lending more than the home is worth.”

 Down Payment

Down payments are typically between 3.5% and 20% of the home’s purchase price. Some 0% programs are available for certain buyers, including veterans. Ask your lender for information.

 Escrow

Escrow is the period of time between entering a purchasing agreement and closing. Buyers place your down payment into an escrow account to bind the contract. The money is held by a neutral third party until contractual conditions are met.

 Inspection Contingency

Some of those escrow contingencies are dependent on the home passing inspection by another neutral third party. An inspector gives the buyer a full report on the home’s condition and potential repairs.

 Closing Costs

There are fees required to complete the real estate transaction on closing day. They include taxes, title insurance and more. Some are paid by the buyer, some by the seller. Your lender can give you a full list to expect.

 Equity

Now that you’re a homeowner, you can enjoy watching the equity in your home grow. That’s how much your house is worth over what you owe. It grows not only every time you pay your mortgage, but as home prices go up year after year.

If you are ready to buy or sell, David or any of the professionals at ERA Justin Realty can help make sure you understand the real estate lingo. Give us a call at 201-939-7500.