ERA Justin Realty agentHOAJulia Dagistanlireal estate informationtop agenttop agents September 24, 2021

Buying and Homeowners Associations

When searching for a home, you may end up selecting a property with a Homeowners Association (HOA). Before you buy, know how an HOA works and what they mean for you. Julia Dagistanli, Sales Associate with ERA Justin Realty, provides an overview of what HOAs are and whether or not they are the type of property for you.

 

What is an HOA?

A Homeowners Association is a nonprofit organization, made up of a leadership team or board of directors that makes and enforces rules for multiple-unit buildings like condos, townhouses or planned communities of single-family homes.

 

If you buy a property with an HOA, you’ll be required to join its Homeowners Association. As a member, you agree to abide by the HOA’s rules and regulations and pay dues, known as HOA fees.

 

But all homeowners associations aren’t the same in services or cost. Julia says, “Fees can differ even within a development, due to variations in square footage, location and orientation, which can affect how much upkeep and maintenance the property requires.”

Condominium HOAs

A condominium is like an apartment you own. You own the interior of your property, but the HOA owns the exterior and all common areas.

 

Condo HOAs tend to have the most restrictive rules—covering everything from where you park to what color your window treatments can be, to whether or not (and what type) of holiday decorations you can display in your front windows or entryways.

Townhouse HOAs

Townhouse HOAs usually provide the same types of features and amenities that condo HOAs do, but they are typically not as restrictive. Because you also own the exterior of your townhouse, you have a little more control over what you can do with it.

 

Single-family residence HOAs

Single-family residence HOAs generally cover common areas such as neighborhood parks, green spaces, sidewalks and swimming pools. Homeowners are responsible for their own home and yard maintenance.

 

It’s important to know the type of HOA you are entering before committing. “Carefully read over the rules and understand the restrictions,” continues Julia. “You need to consider future implications such as outdoor decorations or whether or not you can own a pet.”

 

When you’re looking at a potential property to buy, it’s important to have an experienced professional who can help you understand the neighborhood’s HOA structure and fees. To help you find your next home, contact Julia or any one of our ERA Justin Realty Sales Associates at 201.939.7500.

1st time homebuyer tipsGlenn Elliothome affordabilityhome buyer tipsHome buying stepshome buying tipsWhat not to do when buying a home September 14, 2021

Waiting to Close on Your Home? Don’t Do This!

Your offer is accepted and you’re so close to moving in! New homeowners need to avoid these actions that can delay or halt the process of closing on their new home.

 

Glenn Elliot, ERA Justin Realty Broker Associate, explains, “Buying a new home hinges on several key things falling into place: finding the right property, negotiating a price you can afford and securing the financing to pay for it. Many homebuyers successfully navigate all three criteria only to make some critical missteps prior to closing that can jeopardize the deal.”

 

Here are a few tips on what not to do while waiting to close on the home you are buying.

 

Don’t Apply for a Credit Card. Using your existing credit card for minor expenses will not affect most buyers, but opening a new one can absolutely delay closing. Refrain from saving that extra 10-15% off at a department store until after the closing.

 

Don’t Make Any Major New Purchases on Credit.  Excited as you are about moving into your new home and decorating, do not purchase major items, such a car or appliances. Wait until the deal closes before finding that new fridge.

 

Don’t Change Jobs. Some buyers change jobs without letting their lender know because they think that if it’s a better salary, it won’t matter. Wrong. Most lenders require 30 full days of paystubs, so changing jobs will delay closing until the 30-day paperwork is obtained. And in some cases, it can even kill the deal altogether.

 

Don’t Fall Behind on Any Payments. Nothing is more critical to your loan than your FICO score. It affects your rate, the loan program and the cost of any mortgage insurance. Make sure you continue paying any credit card bills regularly and stay current on car or other loans.

 

Don’t Move Money Without a Paper Trail. When a lender pre-approves you, the approval is based on the current state of your finances. You want to maintain that state and be transparent. Sometimes buyers shift their money around to better position themselves, but that’s a mistake. If a lender sees you moving money around various accounts, you will need to give them  a detailed accounting of why you moved it.

 

Very few buyers, especially first-time buyers, are housing market or mortgage interest experts. Working with trusted professionals, such as Glenn Elliot, can help you make the right decisions. To connect with Glenn, or any of our experienced Real Estate Agents, call 201.939.7500.

As-is saleFara Espandisell a houseselling your home August 27, 2021

Selling Your House “As Is”

Selling “as is” can make it easier for you to sell your home quickly and avoid the hassle of expensive repairs, but it does have some drawbacks.

 

“When a home is being sold ‘as is,’ the homeowner is selling the home in its current condition with no intention of making repairs or improvements before the sale,” says Fara Espandi, seasoned Sales Associate with ERA Justin Realty. “This can potentially save the seller time, effort and money. If you have inherited the home, you probably don’t know what repairs it actually needs. Selling ‘as is’ frees you from the worry of problems potential buyers may ask you to repair.”

 

Realistic Pricing

Once you have a realistic sense of how much repairs will cost, you can focus on pricing. A seasoned Realtor, such as Fara, can give you a good idea of the fair market value of your home if it were in good shape. By using this number in conjunction with the cost of repairs, you will be able to come up with a listing price that is attractive to both regular home buyers as well as investors.

 

Fill Out a Seller’s Disclosure 

Selling a home in as-is condition because of repair costs, however, does not relieve the seller of their responsibility to disclose any important information about the condition of the home. Any problems the seller knows about needs to be disclosed; and failing to do so could cause serious problems later down the road. A real estate agent will work with you on a seller’s disclosure document to outline any problems that exists with the home. This includes everything from previous water damage to foundation issues or boundary issues. In addition, any issues with hazardous materials like lead-based paint and asbestos need to be disclosed. If the buyer feels the seller was hiding material facts about the condition of the property, they could sue for damages.

 

Negotiation

Selling “as-is” does not mean the buyer can’t renegotiate the price, and as long as there is an inspection clause in the contract, the buyer can get out if the repairs are too costly. The buyer has three options after the inspection: 1) Close at the agreed-upon price; 2) Cancel the contract; or 3) Renegotiate with the seller for a lower price. The as-is seller can hold their ground and refuse to renegotiate the price or terms of the sale but this whole process can take weeks.

 

It can be difficult selling a home that needs significant repairs. Your best bet is to hire an experienced real estate professional, like Fara Espandi, to navigate you through this process. To reach Fara, or any of our experienced Sales Associates, call (201) 939-7500.

Carol CalamariCarol D. CalamariFSBOHome sellingReasons to not sell by owner August 17, 2021

Top 5 Reasons You Should Not FSBO

Many sellers consider the “For Sale By Owner” route, thinking it will save them money. However, seasoned ERA Justin Realty Sales Associate, Carol D. Calamari outlines why FSBO might not be a good idea for the vast majority of sellers.

 

1. Real Estate Is a Full-Time Job

Can you rush home when someone wants to see your home? Or excuse yourself from a meeting every time a potential buyer calls? Do you have a marketing plan?

 

An agent’s answer to all of these questions is “yes.” An agent has a marketing plan for maximum exposure to buyers—and provides a lockbox for your front door that allows other agents to show your home when you aren’t available.

 

2. Agents Have Access to Large Networks

Yes, you can list your home on various real estate sites, even the Multiple Listing Service (MLS) that agents use. But will that be enough? Even if you have a large personal or professional network, those people will not likely promote your house sale.

 

Agents have relationships with active home seekers and other agents to bring the largest pool of potential buyers to your home, which means more demand for your property, more competitive pricing and a shorter time to closing.

 

3. Too Many People to Negotiate With

An experienced real estate agent has specialized know-how in negotiating a home sale. Carol explains, “An experienced selling agent may have negotiated hundreds of home purchases and knows all the tricks or the warning signs of a nervous or disingenuous buyer.”

 

An agent helps you get the best selling price and also negotiates with the buyer’s agent, the buyer’s attorney, the home inspection company (who will almost always find some problems with the house) and the appraiser.

 

4. Exposure to Legal Risks

The required paperwork has increased dramatically as industry disclosures and regulations have become mandatory. One of the most important items is the seller’s disclosures. If a seller fails to disclose a hazard, nuisance or defect—and the buyer decides to sue after moving in and finding a problem, the seller can be held liable for fraud, negligence or breach of contract. This is one of the reasons that the percentage of people who sell as FSBO has dropped from 19% to 7% over the last 20+ years.

 

5. You May Not Net More Money Going It Alone

Many FSBO homeowners believe that they will save money by not paying a real estate commission, however, real estate agents are likely to get top dollar for your home.

 

“There’s no substitute for actual market knowledge an agent has when pricing,” Carol explains. “Those who try to sell their own homes tend to set a price based on an online assessment tool or what a neighbor says they were offered—two methods that will make the listing price way off. As a result, the home tends to sit longer on the market and buyers will likely pay a lower price.”

 

The Bottom Line

Selling your home FSBO may save fees, but hiring an agent has many advantages.

 

If you are interested in selling your home, contact Carol D. Calamari or any one of our Real Estate Professionals at ERA Justin Realty by calling (201) 939-7500.

1st quarter leaders2021 leaders2nd quarter leadersawardaward winnersERA Justin AchieversERA Justin RealtyERA Justin Realty Leadership CircleERA Leadership Circle August 17, 2021

Congratulations to Our ERA Justin Realty Leaders!

ERA Justin Realty is proud to announce its 2021 Leaders for the first half of the year. First quarter, the ERA Justin Realty Leaders are: Mike Anderson, Rosemarie Zembryski, Fara Espandi, Sharon Robie, and Carol Calamari. For the second quarter, the Leaders are: Fara Espandi, Lee Schilare and Carol Calamari.

 

The ERA Justin Leaders recognize those agents that meet and exceed their goals and the company’s goals on a monthly basis.

 

“These agents really stood out because they connected with their clients and made their home purchase or sale more than a transaction, but part of bigger life moments,” said Jennifer Darby Metzger, broker and co-owner of ERA Justin Realty Company. “Whether it’s buying that new home or downsizing as an empty nester, real estate represents changes in someone’s life—and our agents recognized that and worked with their clients to address the greater concerns.”

 

The group celebrated with a Leaders lunch last month.

 

“These agents really stand out in accomplishing their own goals—and then totally raise the bar with their dedication to their clients and our community,” adds Ron Darby, broker and co-owner of ERA Justin. “The real estate market is hot now, but our agents aren’t resting on their laurels; they are continuing to connect with their clients to meet their needs. It’s a great first half of the year!”

 

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 any of ERA Justin’s real estate professionals, call 201-939-7500 or visit their 118 Jackson Avenue or 57 Park Avenue locations, both in Rutherford, New Jersey. Visit www.erajustin.com to see current listings.

Danielle SettedeclutterdownsizingDress Your Home For Successdressing your homehome stagingsell a housesell your home August 2, 2021

Organize Your Home to Optimize Sale

When selling your home, the personal belongings you have makes your home seem smaller or too particular, ultimately turning off potential buyers.

 

According to ERA Justin Sales Associate, Danielle Sette, “Downsizing is the first thing you need to do when you put your home on the market.”

 

Clutter makes it hard to process. Buyers should see the full potential of your house to picture themselves in it, but that is difficult when it is filled with an abundance of your personal belongings.

 

Less is more! Discard, donate and neatly store your things. Try to sell your items online, hold a garage sale or donate to a local charity. Store your personal items in the attic or basement. Consider renting a storage space or POD, clearing everything out to make the house a neutral environment that future buyers can envision themselves in.

 

Well-organized rooms appear larger than rooms filled with wall-to-wall furniture. Remove extra seating, pare down the clothes in your closets and clean your pantry to create the illusion of more space. Hiring a professional organizer to help the process is a very effective way for a seller to prepare to market the sale of their home.

 

“Once you have decluttered, you’ll want to do a deep clean of your home,” adds Danielle. Hire a professional cleaning service, including deep cleaning carpets and exterior spaces. Consider hiring a professional home stager. Our real estate agents have a portfolio of vendors to help with all aspects of preparing your home to be sales-ready.

 

Professional photography is key to your marketing presentation. Potential buyers preview listings online. Quality photography makes all the difference—and will draw buyers. The more tidy and organized the house is, the more amazing your photos will look.

 

You only have one shot to make a good first impression. Spending time decluttering, organizing and photographing your home makes a big impact later on.

 

Danielle Sette 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.

buying a homehome buying tipshome inspectionhome inspectionshome repairs when sellingHomebuying FAQKaitlyn BaconegotiationsPre-listing home inspectionPre-sale home inspection July 27, 2021

What to Expect with Your Home Inspection

A proper home inspection is the best way to purchase a property that’s not a home improvement nightmare. Before you purchase a home, hire an inspector to make sure the structure is sound and there aren’t any defects.

 

An inspection helps buyers identify serious issues with a house, condo, townhouse or other type of home. Some lenders require home inspections before they’ll approve closing on a mortgage loan. ERA Justin Realty Sales Associate, Kaitlyn Baco, offers a few tips on preparing for a home inspection:

 

Get Multiple Recommendations

Make sure you get a few recommendations of qualified inspectors from your real estate agent, attorney, friends, family, neighbors or the American Society of Home Inspectors. Interview the inspector to find out how they work, what their training is, if they are licensed and insured and how they communicate with their customers.

 

Attend the Inspection

After the inspection is complete, buyers will get a report from the inspector. Many people don’t realize they can be at the inspection or think they will “leave it up to the professional” to make recommendations. Make sure you are present for the home inspection and be prepared to ask questions and point out specific problems you’d like to check out further. Although he is the expert, this will be the first time your home inspector has been at the property, so any knowledge of potential issues you have will be invaluable to point out.

 

Ask Questions

The reason you hired a home inspector is because this person has the necessary knowledge to evaluate whether or not this property has any issues that would make purchasing the property a bad decision. If you don’t understand what the inspector just told you, ask for clarification. A good inspector will answer all of your questions and should explain what s/he is doing as they are walking through the property. It’s better to ask a question now than have an issue arise after you’ve purchased the property.

 

Don’t Focus on Small Issues

Whether the home is new construction or 70 years old, there is a strong likelihood that the inspector will find items to list on their report. Each home will have things that an inspector feels could be updated or modified, but that does not mean it is a pending problem or you should kill the deal. The main point of the report is to learn if the home has any major structural problems or if any of the major systems are in need of extensive repair (think plumbing, electrical or HVAC). It is not a wise idea to ask a seller to replace every burned-out light bulb or cracked electrical outlet cover, remove all the wallpaper or credit you for these items.

 

Determine which battles are worth fighting and which items can be handled at a later date and take your concerns to your real estate agent for negotiation. Baco states, “Making unnecessary home inspection repair requests can lead the seller to look at other offers that may be on the table.”

 

Kaitlyn Baco is a Realtor Sales Associate at ERA Justin Realty. Kaitlyn or any of our full time agents can be reached at 201.939.7500 to discuss any of your real estate needs.

Margaret McLaughlinPeggy McLaughlinpre-approvalPre-qualificationreal estate information July 21, 2021

Understanding Pre-Qualification vs. Pre-Approval

You’ve probably heard that you should pre-qualify or be pre-approved for a mortgage if you’re looking to buy a property. These are two key steps in the mortgage application process. ”Some people use these terms interchangeably, but there are differences that every homebuyer should understand,” says Margaret “Peggy” McLaughlin, a seasoned Broker Sales Associate at ERA Justin Realty. She breaks down the difference between the two.

 

Pre-Qualification

 

The first step in obtaining a home loan is to meet with a lender and get pre-qualified. Pre-qualification can be done over the phone or online, and there’s usually no cost involved. Peggy says, “The pre-qualification process is based

on consumer-submitted data. The lender will review the buyer’s financial situation and discuss income, job stability, debt and credit.” Once the lender has performed a basic review of the qualifications and run credit, they will issue a Pre-Qualification Letter to the potential buyer, which will identify how much you can expect to borrow, the maximum sales price, any down payment requirements and basic terms of the loan, such as interest rate.

 

The Pre-Qualification Letter is used to provide evidence that the buyer has been reviewed by a lender who is vouching for their ability to obtain a loan. Your pre-qualified amount isn’t a sure thing, because it’s based only on the information you’ve provided. It’s just the amount for which you might b approved. A pre-qualified buyer doesn’t carry the same weight as a pre-approved buyer, who has been more thoroughly investigated.

 

Pre-Approval

Getting pre-approved is the next step, and it’s much more involved. You must complete an official mortgage application to be pre-approved, and you must supply the lender with all the necessary documentation, such as pay stubs,

bank statements, assets, etc., to perform an extensive check on your financial background and current credit rating. The lender can pre-approve you for a mortgage up to a specified amount after reviewing your finances.

 

At this point, you’ll also have a better idea of the interest rate you’ll be charged on the loan—and might even be able to lock it in–because this is often based in part on your credit score. You’ll receive a conditional commitment in writing for an exact loan amount, allowing you to look for a home at or below that price level. A Pre-Approval Letter is almost like shopping with cash; the only remaining piece of the puzzle is the property you are buying.

 

Call Peggy or any of the agents at ERA Justin Realty at 201-939-7500 to discuss your home buying questions today!!

Darby MetzgerERA Justin RealtyJennifer Darby Metzgerreal estatetechnologyTop Brokers June 28, 2021

ERA Justin Realty Featured In RisMedia’s Magazine

Jennifer Darby Metzger, Broker/Owner of ERA Justin Realty, was among the top ERA Real Estate leaders across the United States featured in RisMedia’s Real Estate Magazine’s June issue entitled, When Did Real Estate Stop Being About People?

 

In the issue, these local ERA® brokers discussed the core values of the real estate industry, as well as how the ERA brand has been in keeping those industry values front and center. Three key themes emerged, which have been the heart of ERA Justin Realty since day one:

 

·Collaboration.  ERA Justin Realty is invested in supporting the success of our agents and staff. Being part of the ERA brand provides access to new ideas, innovative approaches and a network of real estate professionals across the country fueled by a collaborative culture.

 

·Relationships. Relationships are the backbone of the real estate industry, whether you are an agent or client. ERA Justin Realty offers tools, resources and programs to help our agents prioritize, create and sustain relationships that transcend far beyond the transaction.

 

·Growth. In real estate, growth comes in many forms. We work closely with each of our agents to help them fuel their personal long-term growth in the industry.

 

 

“We feel lucky to be part of a unique and powerful network driven by forward-thinking ideas and best-in-class technology which understands that people take priority,” said Jennifer Darby Metzger. “Our agents take full advantage of these tools, technology, and robust marketing support to offer their clients the absolute best service and experience,” added Jennifer. “We get consistent rave reviews from our clients confirming what we already know — our agents are best in class. The feature article is a testament to this hard work and dedication of our company and agents. We have been serving the community for over 50 years and will continue to work tirelessly to make a difference in the lives of our clients and the real estate professionals that serve them.”

Jennifer Zenquisselling in summersmart updatingsummersummer sales June 11, 2021

Summer Home Improvement Projects

Summer is the perfect time to get outside and take care of home improvement projects you’ve been putting off all winter. “Exterior home improvements will add both beauty and value to your property,” says Jennifer Zenquis, a sales associate with ERA Justin Realty Co. “Take advantage of the warm weather to complete some large-scale projects such as these.”

 

Restain Your Deck

Stripping and restaining your deck is probably a job you can handle on your own, and it will definitely enhance your home’s beauty. “If you’ve got kids home from school, this is a perfect project to get them to help out on,” suggests Jen.

 

Replace Your Vinyl Siding

Vinyl siding is the most popular home covering material in the country. Summer is a great time to replace your home’s siding, but it’s definitely a job best left to the pros. Siding must be measured, cut and installed perfectly to ensure it doesn’t allow any moisture to make its way underneath the vinyl. You also want to avoid the rippling and waves you see on poorly installed vinyl siding.

 

Install an Outdoor Kitchen

If you’re feeling especially ambitious — and you love the outdoors — consider taking your kitchen outside. If your budget is more modest, consider a premade outdoor grill island. “If you’re handy with tools, consider building an outdoor bar or seating area with stools,” suggests Jen. “Take advantage of the warm weather and have drinks and meals outside.”

 

Replace Your Windows

Summer is the ideal time to replace old, inefficient windows. “Not only do they enhance curb appeal, they can pay off big the following winter and help keep your heating bills low,” says Jen. “They also increase the value of your home.” According to a CNBC report, a $10,000 investment in new windows bumped up the asking price on a home by $8,500. That’s an 85 percent return on investment, not to mention money saved on utility bills over the lifetime of your home.

 

Bump Up Your Landscaping

Of all summer home improvement projects you can DIY, landscaping is probably the easiest. “Look at your neighbor’s yards for inspiration, or even Pinterest,” advises Jen. “Many projects can be done at very low cost. Even a few basic beds with some new mulch and shrubs will make your home look polished and neat.”

 

Ready to tackle a home improvement project? Contact Jen or any of the other experienced agents at ERA Justin Realty at 201.939.7500 to refer you to the trusted home maintenance and repair vendors in your area.