If you have never owned (taken tax credits etc as owner) you qualify. Percentage below is entirely dependant upon the house you are making an offer on and the sellers involved. Your agent should advise on this and supply you with comparable sales. My main advice is dont fall in love with a home until you leave the closing table with keys.... more
It all depends on the pricing of your home, most sellers are still stuck in the market from five yrs ago. Most realtors are part time and are looking for just a listing so they sometimes let the seller's dictate to them what price they should list therehouse at instead of being honest with them and telling them the real price of their home in fear of losing a listing. The fact of the matter is it's all about the condition, the location, and the pricing. But all you can really control is the price if you are un-realistic with the price of your home and so is your realtor you home will sit on the market for a long time, if you are priced correctly then you home will sell accoridly in a timely fashion. Most homes priced correctly you are looking at a turn around of a month or two. If your hom is over priced and you are chasing the market well, not only will you be chasing the market but you will be chasing away people from putting offers in on your home.
Ron SImone Jr.
All Towne Realty
NJAR Circle of Excellence: Bronze Producer 2005 Silver Producer 2006-2009
Top 1% in sales of over 16,000 Union, Hudson,Bergen, Essex, & Middlesex County agents in 2006 & 2009
"A referral of your friends & family is the finest compliment I could ever receive"... more
you are pretty much reliant on the bus. The 164 and 148 stop at the corner of Godwin and Goffle rd The 164 is somewhat of a local and takes 1 hr to the port Authority. the 148 is an express service that only has 4 services in the rush hour and takes 10 minutes less.
You might save a few minutes driving to the Park and Ride in Ridgewood at rte 17.
The 2 nearest train stations are Ridgewood and Hawthorne. Both of these have considerable parking problems although you might be able to buy a parking permit for Hawthorne but its quite expensive.
Good Luck... more
There is a tremendous income tax advantage to owning rather than renting. You pay rent with after-tax income, and you pay a mortgage, mostly with before tax money. It's like the govt. paying $1 of every $4 your monthly mortgage comes out to. That's every year. Yes, property taxes are deductible.
If you sell after you've lived in a house for 2 years, you even get a break on any gain you do have. You can have up to a $250K gain and not pay capital gains tax on it.
Joan Prout, MBA
RE/MAX Villa REALTORS
Jersey City, NJ
Absolutely! Wouldn't you like the tax deductions that come with owning a house -- mortgage interest, property taxes -- that could dramatically change your income tax picture, rather than throwing money away in rent every month? Many experts say this is the best time to buy and you are the ideal buyer as you are presently renting and have nothing to sell. There are still good mortgage rates out there (ask your realtor, or call perhaps Hudson City Savings Bank or Bogota Savings or Wells Fargo) and sellers are very motivated to make a deal now that so many prices have adjusted down to a more reasonable level. If you stay for at least 2 years, you should be OK. Remember, even when you sell in (perhaps) fall of 2009, you will also be able to take advantage of the same marketplace in a less expensive market wherever you move, and many people are doing that now. Let me know if I can help you!... more