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April 2010 – week 1 Issue
Advice From Bergen County Realtors
State Aid Across New Jersey
Bergen County Residents Help Haiti Victims
Difficult Times for the Real Estate Market
Real Estate Market Declines in New Jersey
Advice From Bergen County Realtors
As many home buyers and home sellers express their concerns about how best to reach a deal, real estate experts continue to offer guidance and support. Many home sellers, for example, do not know the best way to advertise their homes. Bergen County realtors advise that both online and offline advertising advertizing are important, and they add that word of mouth often works best. A home seller must consider advertising outside his county. The language used in the advertisement is also important and a home seller must mention the amenities, neighborhood and other important features to attract home buyers. Choosing a good realtor plays an important role. A home seller must select a realtor who is well versed with the region, has a good client base and fits individual requirements and budget. Typical advice to home sellers also stresses the importance of either pricing competitively or pricing a house low and slowly increasing the real estate prices. The latter strategy often helps to attract attention and to bring more buyers to a home.
Funds disbursed by New Jersey to Bergen County towns declined this year. In Bergen County, the most aid was given to Ridgefield, at $5,498,350, but this figure is down 4.8% from last year. Alpine received $413,217 while Teaneck and Tenafly received $3,379,296 and $1,120,283 respectively. The amount of aid received by Bogota, Cliffside Park, Demarest, Dumont and Edgewater also declined between 20% and 25% in the last year. The rate of decline in aid to municipalities was lowest for Alpine, where the funds were only 3.2% less than last year’s. During a recession, with the real estate market slow and unemployment high, these funds are useful for many towns to provide services. Of course, it becomes even more important in during such times to use this aid carefully.
Bergen County Residents Help Haiti Victims
In order to help victims of the Haiti earthquake, local businesses and non-profit organizations of Bergen County have come together in a novel way. The idea, started and led by Medical Angels of Fort Lee and Burn Advocates Network of Teaneck, will create a unique occupational therapy clinic in Haiti. Various local businesses and doctors in the region have also pledged their support. Through these collaborations, doctors, non-profit organizations and businesses of Bergen County hope to bring modern medicine to Haiti. They will also assist in the victims’ recuperation, rehabilitation, advocacy and reintegration into society. Other contributing organizations include Premier Home Health Care of Fort Lee, Englewood Hospital and Medical Center, Garden State Rehab and Astoria Surgical Supply of Englewood. Collaboration with the Royal Caribbean Cruise Lines will also enable organizations to get medical supplies to Haiti.
Difficult Times for the Real Estate Market
In the commercial real estate market, values have plummeted over the past couple of years. Along with reducing the income of owners of land and commercial property, the decline means that many owners will have to pay taxes out of their own pockets. Owners may soon file tax appeals, requesting that the amounts they pay be decreased. If these appeals are accepted, the tax burden may be extended to owners of Bergen County homes. Tax assessments for residential and commercial properties follow different parameters. For residential properties, taxes are based on how similar houses in the neighborhood are selling. For commercial properties, taxes are based on the amount of income the building generates.
Real Estate Market Declines in New Jersey
As experts continue to study market trends, hoping to find signs of recovery in the real estate market, signals are still mixed. Statistics from January indicated low figures in sales of existing homes, a figure that fell further in February. According to the National Association of Realtors, sales of such homes fell by 0.6% across the nation. This brought the seasonally adjusted annual rate of existing home sales to 5.02 million. While the nation recorded a decline, statistics did vary across the country. For example, home sales increased in the Midwest, but they decreased by as much as five percent in western states. Southern home sales fell and northeast home sales rose by a few points respectively. The tax credit extension has not resulted in many positive reactions. Surveys showed that tough lending, high unemployment and an unsure market continue to hold back many buyers.
Buy a Home in Bergen County
Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:
- 14 Questions to ask a Realtor
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- 9 Deadly Mistakes Home sellers Make
- Additional Reports
- How To Get Top Dollar In Any Market
- Making the Move Easy on the Kids
- Six Ways To Beat The Stress Of Buying A Home
- Different Reasons to Own Your Own Home
- Things You Should Know about Moving
- When Selling a Home
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Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.