Gracious Georgian Colonial Home For Sale in Essex Fells, NJ

Gracious brick Georgian Colonial set on over an acre of lush property in one of New Jersey’s most prestigious residential communities. Custom built in 1992 and impeccably maintained by the original owners, no detail has been overlooked in the design of this incomparable residence.

Reimagining the Home-Buying Process with Augmented Reality

Augmented Reality is changing the way homebuyers are seeing the market… literally. You may soon be able to get an assist from augmented reality (AR). The technology—thanks to Apple’s new ARKit for the iPhone and iPad—allows you to blend digitally generated objects and information into real-time imaging of your immediate environment to create custom scenes.

Imagine being able to overlay images of your living room furniture on the actual space you’re viewing or virtually paint an entire room to your liking. AR gives house hunters the ability to think much more creatively on-site about design ideas and remodeling, and modify that vision as they take measurements of each room with their device.

Click on the link below for insight on the full experience:

https://inhabit.corcoran.com/reimagining-home-buying-process-augmented-reality/

What Millennials Want In a Home

With so many millennials buying homes, it’s important to know what they are looking for. Check out this list to see what makes the cut: http://read.bi/2fTlQXI

KITCHENS ARE KEY

Trying to get your home ready to sell? Kitchens can make or break a deal for a potential buyer! Here are some tips to make it stand out: bit.ly/KitchensSellHomes

TOP TIPS TO PREPARE YOUR HOME FOR SALE

Whether it’s not in your budget to hire a home stager, or you just want to do it yourself, here are some clever tricks that you can do without a professional’s help: bit.ly/CleverStagingTips

5 Basic Reasons to Hire a Real Estate Professional When Buying & Selling!

Whether you are buying or selling a home, it can be quite an adventurous journey; you need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but rather have been strengthened, due to the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS “the typical For Sale By Owner home sold for almost 25% less compared to agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

BOTTOM LINE:

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional?

11 Billion-dollar Mega-projects that will transform New York City by 2035

New York City has a number of ambitious development and infrastructure projects underway.

Manhattan’s most recent transportation upgrade came in the form of the glistening, $4.5 billion Second Avenue subway line, which opened on January 1.

On the other side of the island, Hudson Yards — the most expensive real estate development in American history — is under construction. And on an island in the East River, Cornell University is building a glassy tech campus with classrooms, a hotel, restaurants, and shops for future graduate students. By the middle of this century, the city will look different, and will likely attract even more new residents and tourists than today.

From Manhattan to Brooklyn, here is a look at some of the most substantial projects set to be completed in the next two decades.

Why Pre-Approval Should Be Your First Step in a Real Estate Transaction

In many markets across the U.S., the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale.  This has led to a competitive marketplace where buyers often need to stand out.  One way to show you are serious about buying your dream home is to get pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

1. Capacity: Your current and future ability to make your payments
2. Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
3. Collateral: The home, or type of home, that you would like to purchase
4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

BOTTOM LINE: Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today.  If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.

The Domenico Team has a Top Roster of Preferred Financial Advisors. Contact one of our professionals today for more information.

Developers, unbowed, build on

Despite an uncertain political climate and a challenging real estate market — in which office leasing has slowed and condominium sales turned sluggish — scores of New York developers are plowing ahead with tens of millions of square feet of new developments, including tens of thousands of residential units.
The Real Deal analyzed thousands of projects to determine how many were active but not yet completed, as defined by receiving their temporary certificate of occupancy or declared effective by the New York State Attorney General’s office.

In Manhattan alone, the top 10 most active builders are constructing 26 million square feet of commercial and residential space. But that’s not to say that those developers are oblivious to an ongoing slowdown. While some of those developers have expressed confidence in their projects as they were originally planned, others are shifting gears to be more in tune with today’s buyers. Buyers who, experts say, are demanding better value and snubbing the trophy units they snapped up just a few years ago.

Read More…