Real Estate Directory

Home Renovation

In many of our historic communities such as in Wood-Ridge NJ, You find homes that renovating or remodeling seems both challenging and exciting. The idea is gaining more popularity with all of the home improvement television shows. But before you start look into these basic questions:

• Check the underlying structure of the home. If the foundation or framing is seriously damaged, usually as a result of water damage, it can be extremely expensive to repair.
• The next thing to consider is whether the house is a fit for your lifestyle. Many older homes have features that may not be appealing for the modern lifestyle. On the other hand, you must be willing to get creative in your thinking. For instance, don’t eliminate a house just because it has a lot of small rooms. Often these rooms can be combined into larger rooms, without harming the integrity of the house.
• In short, it is critical “to weigh the cost of renovation…against the home’s overall distinction and charm
• Finally, in renovating an old home in Wood-Ridge NJ, you must be willing to let some things go. You  cannot do everything. Make sure and be very selective with the work you do and remeber all work does not need to be at one time, why not  develop a five year plan of renovation and redevelopmert.

Existing Home Sales Are Up?

What happened to the Bubble?

The National Association of Realtors reported Thursday that that sales of existing single-family homes and condominiums rose by 5.2 percent in February to a seasonally adjusted annual rate of 6.91 million units. This despite the predicte 5 % drop compared to last year.

The prices of homes sold in February rose to $209,000 for the nationwide median.That was 10.6 percent above the median price in February 2006.   

Economists believe that both new and existing home sales will dip by around 5 percent this year as rising mortgage rates cuts into demand.

But mortgage rates seem to have perhaps stagnated because of a drop in inflation. But Lereah said all indications so far were pointing to a gradual slowdown in sales to a more sustainable pace.

By region of the country, sales rose by 19.2 percent in the Northeast and were up 11.1 percent in the Midwest and 5.1 percent in the West in February. Only the South showed weakness last month with sales there dropping by 2.5 percent from the January pace.

Lereah said sales activity at present was really a "tale of two cities" with some of the hottest markets showing declines while some medium priced markets still posting strong sales gains.

He said that sales were down by double-digit levels in such hot sales markets as Phoenix, Fort Lauderdale and San Diego. He said, by contrast, sales were up by double-digit amounts in aeas such as Indianapolis, Albuquerque and Houston.

New Jersey Realtor reinvents themself

Real estate companies in the same markets as Foxtons are:

Scarsdale NY Real Estate
Brigantine NJ Realtors
Ocean City NJ Realty
Jersey Shore real estate
Bergen County real estate

Foxtons North America has reinvented itself from its flowered PT Cruisers and 2 percent real estate commissions, salaried employees and reliance on the Internet. The West Long Branch-based company was losing money and its business model wasn't working.

"The 2 percent model failed, and it failed in every respect of the word," new CEO Davis said.

Nearly a year after founder Glenn E. Cohen resigned as chief executive officer, Davis has reinvented Foxtons. A division of London-based Foxtons, it has 450 employees working in six offices in New Jersey,New York, CT,. Last week, the company unveiled a new marketing campaign in which it highlights a 3 percent commission and offers home sellers a full range of services.

Bergen County real estate

Century 21 Uedan of Bergen County New Jersey, has recently relaunched their Hasbrouck Heights real estate listings site, and launched their Bergen Real Estate neighborhood information site.