Bergen County Real Estate and Community News

Dec. 9, 2019

Is Your House “Priced to Sell Immediately” in New Jersey?

 

In today’s real estate market, more houses are coming to market every day. Eager buyers are searching for their dream homes, so setting the right price for your house is one of the most important things you can do.

According to CoreLogic’s latest Home Price Index, home values have risen at over 6% a year over the past two years, but have started to slow to 3.6% over the last 12 months. By this time next year, CoreLogic predicts home values will be 5.4% higher.

With prices slowing from their previous pace, homeowners must realize that pricing their homes a little over market value to leave room for negotiation will actually dramatically decrease the number of buyers who will see their listing (see the chart below).

demand for the home is maximized. By doing so, the seller will not be negotiating with a buyer over the price, but will instead have multiple buyers competing with each other over the house.

The secret is making sure your house is Priced To Sell Immediately (PTSI). That way, your home will be seen by the most potential buyers. It will sell at a great price before more competition comes to the market.

Bottom Line

If you’re debating listing your house for sale, let’s get together to discuss how to price your home appropriately and maximize your exposure.

Posted in Blog, For Sellers
Dec. 4, 2019

Market Update with Paula Clark | Interview with Chris Gallo | Bergen County NJ

 

In this month's Market Update with Paula Clark, she interviews Chris Gallo with NJ Lenders and discusses the current market condition and mortgages in New Jersey.

Connect with Chris Gallo
https://cgallo.njlenders.com
201-522-5944
cjgallo@njlenders.com

 

Connect with The Paula Clark Group:

Youtube | Facebook | Instagram | Twitter | Linkedin

Posted in Blog, Market Updates
Dec. 3, 2019

Paula Around Town [VIDEO] - Hunt and Orchard in Westwood New Jersey

 

Watch Paula as she visits Hunt and Orchard in Westwood and talks to its owner Michel. Let's find out what are the perfect outfit that Paula can share with us on this episode of Paula Around Town.

Find Hunt and Orchard Online:
https://www.HuntandOrchard.com
Apparel, Accessories & Vintage for Lovers of Good Times, Positive Vibes & The Eclectic

Find Hunt and Orchard on Social Media
https://www.facebook.com/huntandorchard
https://www.instagram.com/huntandorchard

 

Connect with The Paula Clark Group:
https://www.facebook.com/BergenCountyListingAlerts
https://www.instagram.com/PaulaClark777

Posted in Blog, Paula Around Town
Dec. 2, 2019

Want to Sell Your House Faster in New Jersey? Don’t Forget to Stage! [INFOGRAPHIC]

 

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.
Posted in Blog, For Sellers
Nov. 30, 2019

VIP Client Appreciation Dinner 2019

 

We at the Paula Clark Group want to say Thank You for trusting us to take care of you and your family in the sale and purchase of your home! Have a great rest of the year!

 

Connect with The Paula Clark Group:
https://www.facebook.com/BergenCountyListingAlerts
https://www.instagram.com/PaulaClark777

 

Posted in Blog
Nov. 27, 2019

Home For Sale | 430 Andre Ave. Northvale NJ | Bergen County

 

 

One-of-a-kind Magnificent home nestled up on a hill with gorgeous property in Northvale. This home will wow you with its charm! Feel like you're in the country nestled in a private location. Expansive living room and dining room with fireplace, high ceilings and beautiful windows overlooking the serene property. Luxurious eat-in kitchen with Carrara marble countertops and high-end Viking/Wolf stainless steel appliances. Cozy den with slate floors, stone fireplace and french doors to spa-like back yard with In-ground pool. First level Master Suite with large picture window, high ceilings and full bath. Second level offers 3 bedrooms. Fully finished lower with large family room including stone fireplace, full kitchen, laundry and wine cellar. Huge property with professional landscaping and long gated driveway to 2-car detached garage with loft. You won't find anything like this on the market! Blue Ribbon Northern Valley Regional High School!

For more information, please call Paula Clark @ 201-280-0056

Posted in Blog, For Sellers
Nov. 26, 2019

Is a Real Estate Sign Important in Selling Your House in New Jersey?

 

 

We get asked a lot from some of our homeowners about whether they should have a real estate sign on their house when selling. In this video, I explain some of the reasons why a real estate sign is important.

Posted in Blog, For Sellers
Nov. 25, 2019

The #1 Reason to List Your House in the Winter in Bergen County New Jersey

 

Reason to List Your House in the Winter Bergen County NJ

 

Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.

So, what’s the #1 reason to list your house in the winter? Less competition.

Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors.

Inventory Levels

As you can see, the ‘sweet spot’ to list your house for the most exposure naturally occurs in the late fall and winter months (November – January). 

Temperatures aren’t the only thing that heats up in the spring – so do listings!

Inventory Levels Last Year

In 2018, listings increased from December to May. Don’t wait for these listings and the competition that comes with them to come to the market before you decide to list your house.

Added Bonus: Serious Buyers Are Out in the Winter

At this time of year, purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers.’ The lookers are at the mall or online doing their holiday shopping.

BOTTOM LINE

If you’ve been debating whether or not to sell your house and are curious about market conditions in your area, let’s get together to determine the best time to list your house.

Posted in Blog, For Sellers
Nov. 18, 2019

2 Myths Holding Back Home Buyers in New Jersey

 

In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,

 “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.”

 Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate how much they need to qualify for a home loan. According to the same article:

“Americans still overestimate the qualifications needed to get a mortgage, resulting in qualified potential buyers not even considering homeownership. Indeed, the Urban Institute report revealed that 16 percent of consumers believed that the minimum down payment required by lenders is 20 percent or more, and another 40 percent didn’t know at all.”

While many potential buyers still think they need to put at least 20% down for the home of their dreams, they often don’t realize how many assistance programs are available with as little as 3% down. With a little research, many renters may actually be able to enter the housing market sooner than they ever imagined.

Myth #2: “I Need a 780 FICO® Score or Higher”

In addition to down payments, buyers are also often confused about the FICO® score it takes to qualify for a mortgage, believing a ‘good’ credit score is 780 or higher.

To debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans.2 Myths Holding Back Home Buyers | MyKCMAs indicated in the chart above, 50.23% of approved mortgages had a credit score of 500-749.

Bottom Line

Whether buying your first home or moving up to your dream home in New Jersey, knowing your options will make the mortgage process easier. Believe it or not – your dream home may already be within your reach.

Posted in Blog, For Buyers
Nov. 13, 2019

Home For Sale | 18 Jane St. Closter NJ | Bergen County

 

Beautifully updated Colonial in the heart of Closter! Lemonade front porch with charming curb appeal. Large living room features gas fireplace with remote and vents that heats the home as well. Custom built-ins with seating benches and storage. Gleaming hardwood floors. Newly renovated gourmet kitchen including center island, granite countertops and high-end all Viking, and Wolf stainless appliances, Craftmaid cabinets. Second level offers three bedrooms with ample closets, and updated full bath. Newly installed hardwood floors. Finished lower level features large recreation area, laundry and powder room. Lush back yard with paver patio, fire-pit area and 2-car detached garage. Beautiful large property. One side of garage has been transformed to a man/she cave. Newer roof. Sought after location in Closter! Short distance to bus transportation to NYC. Blue Ribbon Schools! YOU WILL ABSOLUTELY LOVE THIS HOME!

 

For more information, please call Paula Clark @ 201-280-0056

Posted in Blog