Home Selling in North Bergen>Question Details

Zoe English, Home Seller in New Jersey

Should we put my MIL's 2-family house in North Bergen, NJ on the market now or wait till Spring?

Asked by Zoe English, New Jersey Mon Oct 1, 2007

She needs to go into a nursing home. The house is on a quiet, dead-end street and one unit is rented out. We don't want to rent the other unit before we sell.

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Answers

4
Hope you're enjoying your Sunday. It would be wise to put your house on the market as soon as possible for a few reasons...

First Time Home Buyers' Credit of $8,000 has been extended until April 2010 and also includes a $6,500 credit to people who have already previously owned their home for several years and are looking to move to another home. This will surely inspire more people to make the move now !

It appears that prices are continuing to decline somewhat, so if you definitely want to sell, sooner would be better than later.

Interest rates are still quite low and no one really knows whether or not that will change...and if interest rates climb higher, that eliminates more prospective purchasers from the buying pool, because at the end of the day, what matters is how much of a monthly payment a buyer can afford....whether it is a higher purchase with a lower interest rate, OR worse case for you, a LOWER purchase price because of a higher interest rate.

Homes, particularly those that are decorated nicely for the Holidays, look warm and inviting and people really do enjoy the experience of looking for/at their next home very much.

Of course, your decision should also be based on what plans you have for yourself, in the event your home sells sooner than you may have anticipated.

Hope this helps and if I can be of further assistance, please do not hesitate to contact me....either via telephone or email.

Regards,
Barbara Tulko
RE/MAX Villa Realtors
201-218-4009 (cell)
Ms4sure@aol.com
0 votes Thank Flag Link Sun Nov 15, 2009
Hello. I'm a local realtor with Remax Villa on 75th and Bergenline. Properties locally are taking longer to get sold but are getting SOLD. If you want me to provide you with a list of comparables I'll be more than happy. No pressure to list with me or anything. My professional opinion dictate that is better is you can secure the equity now. Any other question just call me at 201-988-3527 I'm going to be doing a open house on 7430 Kennedy Blvd. Good luck. MIke
0 votes Thank Flag Link Sun Oct 14, 2007
I am looking for a 2 family in NB, please send me the details.

mnisiotis@yahoo.com
0 votes Thank Flag Link Wed Oct 3, 2007
If in fact we are in a declining market -sooner rather than later. Proper pricing and marketing is the main concern when selling a home in this market. If you are interested in discussing this further give me a call.
Web Reference: http://www.bparkes.com
0 votes Thank Flag Link Mon Oct 1, 2007
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