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Darren Giordano's Blog

By Darren Giordano | Agent in Hoboken, NJ
  • BrianDavid Realtors and Halliburton Homes merge...now Prime Real Estate Group

    Posted Under: General Area in 07030, Home Buying in 07030, Home Selling in 07030  |  March 2, 2012 10:56 AM  |  749 views  |  No comments
    Today, my company BrianDavid Realtors and Halliburton Homes officially merged to form Prime Real Estate Group. This is a great union of two strong Real Estate Companies servicing Hoboken, Jersey City and all of Hudson/Bergen County.


    We look forward to helping you in your Real Estate needs. Here's a link and the full press release.

    http://www.primereg.com/blog/latest-news-entry.html

    March 1, 2012, Hoboken, NJ – Two of the most notable and well-respected Hoboken real estate firms, BrianDavid, Realtors® and Halliburton Homes have announced today that they have embarked on a joint venture to become PRIME Real Estate Group.

    With a new location at 251 First Street, PRIME Real Estate Group is welcoming a team of 55 agents, along with an expanded management and support staff.

    “Our commitment to creating more opportunities for our clients and Sales Partners was the driving force of this merger,” explained Brian Muench, PRIME Real Estate Group’s Co-Chief Executive Officer and Broker of Record. “Our company has doubled in size as a result of this merger, and we are now able to serve the public even better than we had before.”

    Muench then went on to say how this merger was something that was years in the making. “I had admired Halliburton Homes for years, and it’s great to finally be able to come together with a like-minded and like-sized company.”

    Clients will find exceptional service to be the keystone of PRIME Real Estate Group. Constantly striving to be a step ahead of the competition, PRIME Real Estate Group offers ongoing training to keep new and veteran sales partners alike updated on best practices, new technology, and advanced techniques to stay ahead in today’s challenging marketplace.

    “We are constantly making sure that our Sales Partners are given the right tools and guidance to go out and do their best when it comes to helping clients buy, sell, or rent properties,” remarked Jesse Halliburton, PRIME Real Estate Group’s Co-Chief Executive Officer. Halliburton continued, “Bringing these two strong companies together provides unparalleled service to our clients, Sales Partners, and the community at large.”

    About PRIME Real Estate Group:

    PRIME Real Estate Group is dedicated to providing real estate services to the highest degree of excellence. Whether buying, selling, or renting real estate property, we treat each client relationship as a partnership. Through a solid base of professionalism, ethics, expertise, and use of best practices—with an understanding of how each aspect is critical to help our clients reach their goals—it is our mission to earn and maintain the trust, respect, and ongoing business of our clients and business partners. For more information, visit www.primereg.com.


    Darren

    Darren Giordano
    Sales Partner
    Prime Real Estate Group
    201-723-3300-cell
    darren@primereg.com

  • What do you look for in a home?

    Posted Under: Quality of Life in Hoboken, Home Buying in Hoboken, Curb Appeal in Hoboken  |  February 16, 2012 4:52 PM  |  563 views  |  No comments

    What features do you look for in your home purchase. Jovan Hackley from Trulia recently wrote about what Men & Women look for. See below.




    The top three things Men love more than Women are:
    -Pre-Wiring for Entertainment System
    -Pool
    -Hot Tub

    The top three things Women love more than Men are:
    -Master Bathrooms
    -Walk In Closet
    -Gourmet Kitchen

    I know a lot of my male clients ask about a Den/Basement that they can make a Mancave. Back yard space and fireplace also top their list.

    As for the ladies, I agree with the above three. A great kichen and Master Bath usually sells the home. Most also love a garage so they don't have to drive around the streets of Hoboken too long.
     
    What say you?

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com

  • Hoboken's out, Jersey City's in...Snooki and J Woww coming to town

    Posted Under: General Area in Jersey City, Quality of Life in Jersey City, In My Neighborhood in Jersey City  |  February 9, 2012 8:27 AM  |  4,054 views  |  1 comment
    Hoboken residents seem to be happy that Snooki and J-Woww aren't filming their new show in town. What do the people of Jersey City think??

    What bars will they be annoying I mean frequenting? Light Horse Tavern? Iron Monkey? Embankment? Zeppelin Hall Beirgarten?

    Snooki said they don't get drunk everynight like it seems on the Jersey Shore...I guess time will tell. 


    http://hoboken.patch.com/articles/jersey-city-to-welcome-snooki-and-jwoww-after-hoboken-s-refusal


    Would having the MTV crew at Restaurants and Bars deter or make you want to move into Jersey City more this Spring? 






    Darren

    Darren Giordano 
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com

      

  • January Downtown Jersey City Market Report

    Posted Under: Market Conditions in Jersey City, Home Buying in Jersey City, Home Selling in Jersey City  |  February 1, 2012 3:39 PM  |  660 views  |  No comments

    It's very important to understand the Real Estate Market before you start you home search or before you look to list your home. If you start working with an Agent and they either don't provide you with this information or don't have the most up-to date numbers, you should question if you want to put one of the biggest investments you will make in the hands of a 'professional' who isn't educated.

    I usually run a full report every quarter but in 2012 I will also provide a monthly snapshot of the market. Here are the highlights for the Jersey CIty Condo market:

    --Overall, there were 12 sold properties in January 2012 vs 17 in 2011.
    --The Median price in 2012 was $414k vs $465k in 2011.
    --The Average price also was higher, $471k in 2012 & $512k in 2011.
    --$ per sq ft decreased in 2012 vs 2011, $418 vs $449.
    --Days on market decreased to only 86 days in 2012! Big change vs 100 days on market in 2011...Inventory is lower but homes are selling faster...
    --For Sellers, the % discounted price was 3.5% in Jan 2012. This is less than YAG at 5.2% off asking...Another sign this is getting back to more of a Sellers Market.

    For Sellers, feel free to call me if you want to get a true value of your home. This is ALWAYS free and sometimes you will be surprised at how much you can sell for.

    For Buyers, I am working with new Buyers all the time. If you are starting the process, send me an email. We can review the timelines, expectations and you can see the latest homes in your market.




    Thanks,

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com

  • January Hoboken Condo Report

    Posted Under: Market Conditions in Hoboken, Home Buying in Hoboken, Home Selling in Hoboken  |  February 1, 2012 3:24 PM  |  576 views  |  No comments

    It's very important to understand the Real Estate Market before you start you home search or before you look to list your home. If you start working with an Agent and they either don't provide you with this information or don't have the most up-to date numbers, you should question if you want to put one of the biggest investments you will make in the hands of a 'professional' who isn't educated.

    I usually run a full report every quarter but in 2012 I will also provide a monthly snapshot of the market. Here are the highlights for the Hoboken Condo market:

    --Overall, there were 33 sold properties in January 2012 vs 41 in 2011. That's a 20% drop off.
    --The Median price in 2012 was $489k vs $475k in 2011.
    --The Average price also was higher, $535k in 2012 & $489k in 2011.
    --$ per sq ft decreased slightly in 2012 vs 2011, $426 vs $444. That is surprising as $/sq ft has been increasing year or year over the previous months.
    --Days on market decreased to only 61 days in 2012! Big change vs 83 days on market in 2011...Inventory is lower but homes are selling faster...
    --For Sellers, the % discounted price was 3.0% in Jan 2012. This is less than YAG at 4.5% off asking...Another sign this is getting back to more of a Sellers Market.

    For Sellers, feel free to call me if you want to get a true value of your home. This is ALWAYS free and sometimes you will be surprised at how much you can sell for.

    For Buyers, I am working with new Buyers all the time. If you are starting the process, send me an email. We can review the timelines, expectations and you can see the latest homes in your market.

    Thanks,

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com





  • Tax Appeals- Frequently Asked Questions...and Answers!

    Posted Under: General Area in Hoboken, Home Buying in Hoboken, Home Selling in Hoboken  |  January 27, 2012 9:28 AM  |  590 views  |  No comments
    An important time is upon us. From now until April 2, 2012 Homeowners have the opportunity to file for a tax appeal. If you think you are paying too much in taxes, it's worth it to give it a try and get them lowered. Below and frequently asked questions and answers about the tax appeal process.

    Question 1. When is the filing deadline?
    --Answer1. Appeals can be filed as of 1/1/12 until 4/2/12 (since April 1st falls on a Sunday). There are NO extensions and NO relief if you miss the deadline.

    Question 2. Is the appeal retroactive?
    --Answer 2. The tax benefit related to a 2012 appeal is retroactive to Jan 1 2012. You cannot obtain a benefit for prior years.

    Question 3. Is the tax appeal only good for 2012? Do I have to appeal my tax assessment every year?
    --Answer 3. In most cases a successful appeal "freezes" the reduction in the assessment for three years-the year under appeal and the next two years. The three year freeze does not apply in the year of a municipal wide reassessment or revaluation. For example, in Jersey City, the reduction may benefit only 2012 (or possibly 2012 & 2013) depending upon the year that the only revaluation becomes effective. Note that the 3 year freeze applies only to a municipality. As a property owner, you can appeal your assessment every year.

    Question 4. When will my appeal be heard?
    --Answer 4. The tax board generally does not schedule hearings until after the deadline of April 2, 2012. Depending on the volume of appeals filed, it may take another month for the tax board to schedule the appeals. This year, tax appeals should be heard from May through August.

    Question 5. When/how will I realized the benefit of the tax appeal?
    --Answer 5. Typically, you will realize the tax savings associated with an appeal through a credit against fourth quarter taxes. Most municipalities will issue a revised tax bill which indicated that you have successfully appealed your taxes and showing the amount of the credit and total taxes for the year. If your mortgage lender escrows and pays property taxes on your behalf, you will need to contact them and request that they refund any excess funds to you and that they re-compute your required monthly tax escrow going forward.

    Question 6. Should I file an appeal id I am selling my property?
    --Answer 6. YES!!! Property taxes that are out of line with other comparable properties can be a significant obstacle to selling your home and getting the maximum price for it. Since the only risk is the filing fee, there is no downside to in your sale listing that a tax appeal is pending. Actually it's a huge selling point if you win.

    Question 7. What Attorney's do you recommend to file a tax appeal and lower my taxes?
    --Answer 7. The best and only Attorney we recommend are Joseph Scanlon and Richard Gees of Gess, Gess and Scanlon in Hoboken. They are the experts and can help you through the entire process.

    Here are there contact info:

    Joseph Scanlon- jscanlon@ggsfirm.com- 201-610-1340 x 103
    Richard Gess- rgess@ggsfirm.com - 201-610-1340 x 104

    I hope this was a help. If you are looking to buy, sell or invest in Hoboken and Jersey City, feel free to give me a call.

    Thanks,

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com


  • Rent vs Buying

    Posted Under: General Area in Hoboken, Home Buying in Hoboken, Rent vs Buy in Hoboken  |  January 24, 2012 11:15 AM  |  712 views  |  No comments

    This is another great graph that takes a look at median rent payments vs monthly mortgage prices. As rents in Hoboken and Jersey City continue to rise, and home prices/interest rates stay low, this decision is becoming easier for most people. Would you rather give your money to a landlord or pay down your mortgage? Home prices have dropped while rents continue to rise.

    If you are thinking about making a move, give me a call to discuss your options. I look forward to helping you find a great home!



    Thanks,

    Darren

    Darren Giordano
    Sales Consultant
    BrianDavid, Realtors
    201-723-3300-cell
    DGiordano@BrianDavidRealtors.com





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