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Ilene Harpuder • new years resolutions • winter home selling • winter selling • December 23, 2021

New Year Resolutions To Help Sell Your Home

by ERA Justin

2021 was a record year for real estate. Interest rates hit all-time lows, and for home sellers, that meant a great time to cash in. These trends look to continue into 2022. So if you’re thinking about selling your home next year, Ilene Harpuder, a sales associate at ERA Justin Realty, has some advice for things you can do now to prepare to list your home.  

 

Get a Pre-Sale Home Inspection

“Hire a home inspector to do a thorough inspection of your home before you put it on the market,” advises Ilene. “This way you have plenty of time to make any necessary repairs and will be ready to go when you want to list.” This will remove many objections that your potential buyers may have, and you also might benefit from a faster sale and higher selling price.

 

Start Decluttering

“Most people have no idea how much stuff they have until they decide to move,” Ilene continues. “Start going through your basement, attic, closets, spare room, and even your main living areas and get rid of everything you don’t want to move to your new home. Donate it, sell it, give it away or throw it away! You want your home to look spacious and clean to attract buyers.”

 

Get a Head Start on Packing 

If you don’t need it for the next six months, pack it up. Holiday decor, seasonal items, sentimental items that remained after decluttering-pack them all now. “The fewer things you have in closets, the garage, or the basement, the bigger your home will look and feel,” advises Ilene.  

 

Find a Good Realtor

A good real estate agent will be incredibly knowledgeable about the local market, so you can be sure that you get the best possible price for your home. ERA Justin Realty has received the number one ranking in closed sales in Rutherford for 21 consecutive years, and its agents have, on average, more than 10 years’ experience. 

Ready to sell your home? Contact Ilene or one of the other qualified real estate professionals at ERA Justin by calling 201.939.7500.

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agent tips How to Compete in a Hot Housing Market Gearing up to buy a home?  “Since this can be a stressful time, it’s best to be as organized and prepared as possible,” advises Ilene Harpuder, a sales associate with ERA Justin Realty Co.  “The more work you can do upfront, the better.”   Get Your Finances In Order In addition to saving for a […]
career • downsizing • homeownership • Jessi Davidson • Jessica Davidson • relocation • relocation with kids • renters become buyers • Retirement Community • shift to suburbs • December 16, 2021

Real Estate Equals Transition

by ERA Justin

In When Harry Met Sally, a classic New Year’s movie, Billy Crystal jokes that death notices should be adjacent to apartment listings. 

“While maybe a little crassly put,” says Jessica (Jessi) Davidson, Sales Associate at ERA Justin Realty, “real estate is about transition.” 

Young couples buy houses to start a family. Families move to towns with good school districts. Older people downsize or move to locations with warmer weather. Divorced couples need two households. Changes in life usually translate to changes in address—and that’s where a knowledgeable real estate professional can help navigate the process. 

 

Planned Moves

Expecting a child? Changing jobs? Downsizing? These big life moments allow some time to plan, scope out neighborhoods and school systems, and gain a comfortable feel for what those making a change need and can afford. The buyers have the advantage of knowing where they want to be and when they want to be there, allowing them to make the best fit on their terms. The sellers have time to prepare their homes and optimize their timing on the market. 

 

Unexpected Moves

Accident? Illness? Sudden life change? Unplanned moves throw everything in a whirl and usually offer less time and fewer resources to make a move. However, real estate professionals can decrease the chaos of moving quickly. Realtors provide local expertise, housing market knowledge and the ability to get things done. 

 

With mortgage rates and housing inventory low, even more change is in the air. This year had a strong sellers’ market as people migrated from their former commutes and offices and looked for more space. A real estate agent will help sellers and buyers navigate the whole process of planned and unplanned moves to get the best out of any market. 

 

“Whether you’re moving quickly or slowly during a time of transition, we’ll reduce the surprises and hassles that accompany a move,” adds Jessi. “The most important thing for us is making sure you and your family are taken care of as you go through this life change.” 

 

To help make your next move, contact Jessi or any of our experienced ERA Justin Realty sales agents at 201-939-7500.

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catherine vick • Cathy Vick • foreclosure • foreclosures • housing market • December 9, 2021

Why a Wave of Foreclosures Isn’t Coming

by ERA Justin

With pandemic-related mortgage forbearance plans ending, there is concern a wave of foreclosures is looming as homeowners have to start making loan payments again.

It isn’t.

“There’s fear it could look like 2008, when the housing bubble burst,” says Cathy Vick, a Sales Associate at ERA Justin Realty. “What’s happening today is nothing like 15 years ago.”

Here are a few reasons:

Fewer homeowners are in trouble. After the last housing crash, about 9.3 million households lost their homes to foreclosure, short sale, or simply because they gave it back to the bank. When stay-at-home orders were issued in early 2020, mortgage companies offered homeowners a chance to stop loan payments for up to 18 months. Companies expected 30% of mortgage holders to take them up on the offer. But only 8.5% did.

Most mortgages in forbearance have plenty of equity. Because of rapidly rising home prices over the past two years, 93% of the roughly 1 million homeowners still in forbearance have at least 10% equity in their homes. “This means homeowners in financial trouble could sell and make enough to pay the related expenses,” says Cathy. For those exiting forbearance who don’t want to sell, they can choose between resuming loan payments and tacking the extra debt on to the end of their mortgage, modifying their loans to reduce the monthly payments, or refinancing to pay off the debt.
The current market can absorb extra inventory. When foreclosures hit the market back in 2008, there was an oversupply of houses for sale. “Today is the opposite,” says Cathy. “Back in 2008, there was over a nine-month supply of listings on the market. Today, we have less than a three-month supply.”

 

If you’re in the market to buy or sell your home this new year, contact Cathy Vick or any of the agents at ERA Justin Realty at 201-939-7500.

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buy a house • buyer qualifications • buying a home • Catherine Nimmo • mortgage • November 25, 2021

Be Thankful for 3% Mortgage Rates

by ERA Justin

Buyers shopping for a home this holiday season may be disappointed they missed out on 2% interest rates, but they should be thankful rates are still so low. “Everyone’s talking about how rates are up over 3%,” says Catherine Nimmo of ERA Justin Realty, “but in the grand scheme of things these are still really great rates.” Now that the average 30-year fixed mortgage is above 3%, rising interest rates is one of the biggest topics dominating discussion in the housing market today. Since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon.

So, what do mortgage rates above 3% really mean for homebuyers? Today’s average mortgage rate still gives buyers a great opportunity. Buyers
don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. Today’s rates are lower than the average rates over the last five years. In 2018, the average rate was 4.54%. And today’s rate isn’t just low when compared to recent years. In the 1980s, mortgage rates averaged over 12%. This makes 3% truly outstanding by comparison.

What Does That Mean for You? Being upset that you missed out on rates below 3% is understandable. But it’s important to realize, buying now still makes sense as rates are expected to continue to rise. “Rising rates diminishes your house buying power,” says Catherine, “Meaning, if you wait to buy a house you see today, that same house will cost you more in a few months. The longer you wait, the more it will cost you.” Since rates are expected to continue rising, buying now could save you money in the long run. To lock in a great rate now, give Catherine Nimmo or any of the agents at ERA
Justin a call at 201-939-7500.

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Uncategorized • November 11, 2021

ERA Justin Realty Collects Toys for Tots

by ERA Justin

ERA Justin Realty is again partnering with Toys for Tots to collect holiday gifts for children in need. Last year, ERA Real Estate offices across the country collected over 5,000 toys. This year they hope to double it.  

The campaign kicks off this week and continues through the Tuesday after Thanksgiving, which is known as #GivingTuesday. The final day for drop off is Friday, December 3.

“Toys for Tots helps families who may be struggling financially give children a gift of their own during the holidays,” said Ron Darby, Broker/Co-owner of ERA Justin Realty. “We’re so happy to participate in this terrific program for the third year in a row.” 

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. Every year, it distributes an average of 18 million toys to 7 million children in need.

“We have a long history of giving back to our local community,” added Jennifer Darby Metzger, Broker/Co-Owner. “We are excited to once again team up with our ERA colleagues around the country to ensure that every child experiences the joy of opening a gift this holiday season.”

Unwrapped gifts can be dropped off at ERA Justin’s office at 118 Jackson Avenue, Rutherford. A drop-off box will be available near the front desk. Donations are being accepted from Thursday, November 11 until Friday, December 3.

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 118 Jackson Avenue, Rutherford, NJ 07070. Please shop early to ensure that all purchases are delivered to this location by December 3, 2021.

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

#GivingTuesdayERA

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Community Supportrd Agriculture • homeownership • Michelle Korosy • November 4, 2021

Real Estate Is More Than Selling Houses

by ERA Justin

A short time ago, Hurricane Ida swept through northern New Jersey flooding basements and destroying retaining walls. The outpouring of neighbors helping each other was quite wonderful. 

 

“In our town, we had people lending each other sump pumps, pool pumps, wet-dry vacs, and then actually setting them up and clearing each other’s basements.” says Michelle Korosy, Broker Associate at ERA Justin Realty. “I know it was the same across Southern Bergen County.” 

 

Real estate is about community and helping people. People move to a new home to “set down roots” and become part of something bigger than themselves. They seek neighbors, schools, houses of worship and more to feel connected to the community.   

 

There are always a range of factors that go into buying a home, such as budget, value and safety. Finding a neighborhood and community that fits with homeowners’ needs and goals is paramount for local real estate agents. The old adage of “Location, location, location!” always factors into more than the home, but the community where it resides. 

 

“As realtors in the communities we live in, we are committed to helping our neighbors,” adds Michelle. “When we’re helping people find their new homes, we help them consider the factors that will have the most meaning to them because as their neighbors, we appreciate all those things too.”

 

Realtors help new homeowners consider their needs﹘whether it’s their living needs, such as how many bedrooms and bathrooms, the size of the yard, the functionality of the kitchen and home office﹘or their lifestyle needs: the quality of the schools, the commute or parking situation, even whether the neighborhood is bike or pedestrian friendly. Real estate professionals help buyers aim for everything on the dream home list, and advise when compromises have to be made. 

 

“We always say ‘Love Where You Live’ and know it goes beyond the actual physical home,” adds Michelle. “We’re trying to help people find the community that makes them feel at home.” 

To become a part of our community, contact Michelle or any of our community of ERA Justin Realty agents at 201.939.7500 or visit our website for the latest homes www.erajustin.com.

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agent tips • Antonella Dinnino • evaluating offers • Home selling • real estate decisions • real estate negotiations • strong competition • October 21, 2021

Weighing Offers on Your Home

by ERA Justin

With historically low mortgage rates and limited housing inventory, it’s a seller’s market. The fall continues the trend and leaves buyers searching for homes. When do you consider other factors than just a buyer’s bid? Antonella Dininno, Sales Associate at ERA Justin Realty weighs in on how to weigh an offer.

Highest Offer

“Obviously, the best dollar offer will catch your eye,” says Antonella. “But sometimes, there are other factors, such as the buyers’ terms that can influence the decision.”

Conditions

Buyer A offers the highest amount for your home, but there’s just one condition, you have to move in 10 days. Or maybe she wants a 5% credit for closing costs. Buyer B offers slightly less than Buyer A and has no strings attached… Your real estate agent will help you calculate how each offer benefits you and ensure you get the best deal for your sale that meets your needs.

Contingencies

Contingencies are the clauses that find fault with the home or financing that let a potential buyer break the contract. If any of the following fall through, the deal is dead:
● Mortgage approval. Pre-approved buyers or cash offers will always have an advantage
when you’re weighing your offers.
● Home appraisal—if less than the valuation of the home, no deal.
● Home inspection. If significant defects are revealed, the buyer can bail.
● Clear Title. Owner must be able to prove they have the right to sell the property.
● Home sale. Buyer has to sell her own home before purchasing yours.

“Obviously, fewer contingencies or no-contingency offers will have an advantage for the seller,” adds Antonella. “A professional real estate agent will help you weigh each of these options when the offers roll in.”

Cash versus Financed

If a buyer is paying cash, the process of selling your home will move more quickly. When a buyer is financing through traditional means, there are more regulations. The buyer must be pre-approved and the lender can reject a mortgage application for various reasons. Also, if the appraised value comes back less than the asking price, lenders will not make up the gap; a cash buyer might, especially in a hot seller’s market. Real estate is complex because it involves the two major parties—the buyer and seller, and then all the related parties—mortgage lenders, appraisers, inspectors—that affect your home sale. The best way to simplify this process is to work with a real estate professional.

Call Antonella or any of the knowledgeable sales agents at ERA Justin Realty at 201-939-7500
to guide you through all the ways you can optimize the sale of your home.

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fall selling • krista ponti • October 14, 2021

Fall Home Selling Tips

by ERA Justin

Traditionally, the real estate market tends to slow down after Labor Day. This pattern appears more notable in neighborhoods with a significant student population and academic year enrollment. However, it is possible to attract buyers regardless of weather, and to take advantage of Mother Nature’s unique features of each season to highlight your home. Krista Ponti, Sales Associate of ERA Justin Realty, provides some tips for selling your home in the fall:

● Create curb appeal. Northern New Jersey is known for its brilliant foliage. Keep up with the landscaping to prevent your yard from being completely overshadowed by leaves in the windy autumn. Spruce up your porch and line the walkway with mums or other seasonal decor such as pumpkins or wreaths to create an inviting facade. Enhance, rather than distract, from the simple beauty and desirable aesthetics of your home.

● Weather proof and add value. Ask a professional to see if it’s time to replace an old hot water heater or furnace. Service your chimney and fireplace, ensuring they are ready to dazzle an eager buyer. Give your windows some upgrades and seal those sneaky drafts. Clear your gutters to prevent blocked drainage and maintain the details of a well kept home.

● Photos are a buyer’s first impression. Try to schedule exterior photos pre fall to capture your home when the plants are in bloom and the trees are full, or early fall to capture the foliage. Arrange the interior to avoid visual distractions. Declutter rooms and furniture, apply a fresh coat of paint, shine the floors or deep clean the carpets, and keep the home tidy for showings. Consider using a professional stager and moving some items to storage in order to prepare for photos, the sale, and your big move!

● Illuminate your home to highlight unique details. As the days become shorter, see that the house is optimally lit to display its most attractive features. Lighting not only strategically draws the eye in, but also makes for safer showings after dark. Outdoor solar lighting is a suggestion to keep energy costs low during the selling process.

● Price according to current market value. This is where your real estate agent is most valuable to selling your home. With market trends sometimes changing overnight, Krista as a trained real estate professional can provide you with the most recent data you need to make an informed decision to price your home right.

Call Krista Ponti or any of the sales agents at ERA Justin at 201-939-1500 for help selling your
home in any season.

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Investment • Investment real estate • lee schilare • Libera Lee Schilare • Libera Schilare • renters • October 11, 2021

Protecting Your Multi-Family Property

by ERA Justin

Multi-family properties present an income opportunity for owners. A knowledgeable real estate professional can help you purchase an ideal building as well as find tenants to live there. Be sure to protect your property before you rent it. Lee Schilare, Broker Associate at ERA Justin Realty, suggests landlords (especially new ones) take steps to protect themselves and their properties against personal liability before opening up their apartments to tenants.

 

Know the law. 

 

Consult a lawyer first to set up all you need regarding your property and your tenants, such as registering your rental units, drafting lease agreements and collecting security deposits. They may advise you to create an LLC, or limited liability corporation, or another type of business entity, to protect your assets.

 

“A bad tenant can ruin your property and your finances,” says Lee. “An accident or act of God could bankrupt you. This way, if a disaster occurs, a tenant can’t go after you personally, just the business assets.”

 

A lawyer will also advise on Tenant Law and your obligations as a landlord. For example, you must register rental units. There are some exceptions if they are owner-occupied. An experienced real estate professional can also guide you through what owners must do and guide you to resources, such as providing a copy of Truth in Renting to your tenants.

 

Get insurance. 

 

Consult an insurance broker. Your insurance policy should be tailored to multi-family properties, including: liability, property and crime. Liability will cover common areas such as swimming pools, hallways, laundry areas and parking lots. Property insurance covers damage to your buildings caused by floods, fires, hurricanes and other disasters. Crime insurance can reduce your losses due to vandalism, theft, fraud and more. Also, consider an umbrella insurance policy should you be subject to a lawsuit or exceed your coverage.

 

None of these types of insurance cover your renter’s belongings, so encourage them to get their own policy.

 

Rent the units. 

 

Work with a professional real estate agent to purchase your multi-family properties and investment properties, and then to rent them out so you can maximize your returns on your investment. An empty apartment pays no rent! Realtors will work with you to make sure you have tenants in your buildings.

 

For more expertise on purchasing or filling a multi-family property, please call Lee or any of the real estate professionals at ERA Justin Realty, 201-939-7500.

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COVID-19 • home office • kristen davis • October 5, 2021

Returning to Work? Keep the Home Office

by ERA Justin

After more than a year of remote work, many people are returning to their original, physical offices. What does this mean for their makeshift home offices?

 

Kristen Davis, a Realtor Associate at ERA Justin Realty, says, “Don’t remodel just yet. Or at least, remodel to optimize the home office.”

 

According to a recent Forbes article, the future of work will be dominated by remote and hybrid models. Zoom declares that “Hybrid work is now and for the future.”

 

The implications for real estate follow.

 

According to the Zoom survey, younger people who traditionally wanted to live in the city, nearer their jobs, didn’t require (or couldn’t afford) as much living space. They design their lives around going out and taking advantage of their city’s social and cultural life. When the pandemic came along, many of these young professionals were stuck in their apartments, working on Zoom (or other media), without so much as a chance to change the scenery by plugging in at a local coffee shop. There were fewer outside-the-home options during lockdown and even some wariness as the world returns to a new normal.

 

Remote work has created a push to get out of the cities. There was a surge in moving out into the suburbs and even outer exurbs. Relocators could look past the immediate commuter-friendly towns close to a city or work hub because they would not be going into their offices, at least not every day.

 

More space was sought on all levels, which created opportunities for those previously priced out of urban or traditional commuter markets. And for those who are permanently remote, new real estate markets mean the ability to purchase a starter home or have more space anywhere!

 

“No longer tethered to a commute to a central office, homeowners are moving where they want to go. As a result, residential real estate has seen a surge,” says Kristen. “Owners are seeking multi-functional space for home, work and play. They need that work station for themselves and even their kids.”

 

If you’re looking for better space for your new needs, please contact Kristen or any of our professional real estate agents at ERA Justin Realty 201-939-7500.

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© ERA 2023 - 2024. All rights reserved. ERA® and the ERA Logo are registered service marks owned by ERA Franchise Systems LLC. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to ERA Franchise Systems LLC nor any of its affiliated companies