Emil Ratti
Sales Associate

Contact Me


Certified New Home Specialist

Residential Construction Certified

Senior Real Estate Specialist

 


CLICK below to view

 Henley on Hudson 

 
October Holidays  
 

Oct 11 International Day of the GIRL
Oct 12 National Farmers Day
Oct 14 Columbus Day
Oct 16 Boss's Day
Oct 17 National Pasta Day
Oct 30 National Cat Day
Oct 31 Halloween

August Housing Stats
Click To view local Monthly Housing Stats 2011 - 2019
 

Market Absorption Rate 
See each county below. 

Seller's Market

Normal Market

Buyer's Market

2 3 4 5 6 7 8 9 10
An Absorption Rate of  7 or higher is a Buyer's Market
Bergen County
Absorption Rate =  
4.0  
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
1102
1053
$550,014
59
Essex County
Absorption Rate =   4.68
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
605
629
$551,542
46

Passaic County
Absorption Rate =   4.46
 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
396
363
$366,043
49
Morris County
Absorption Rate =   5.5
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
763
713
$528,802
52

Sussex County
Absorption Rate =   6.39
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
400
297
$265,593
69
New Jersey
Real Estate

Public State and County Reports

Condo Rules to Boost Market

An Nation Association of Realtors review of HUD's guidance on FHA-insured loans shows that the changes will open up more affordable housing options to first-time buyers and revive a national condo market constrained since the Great Recession Read here...


Artificial intelligence personal assistants.

Devices like Amazon Alexa are being used in the real estate industry more and more with each passing day. A brokerage in Germany recently shared with the National Association of Realtors® how they set up Alexa in each room around the home along with question prompts to appeal to more modern buyers.

My comment... If not used properly, sellers can hear everything buyers are saying and buyers can give sellers wrong information.

Read full article...


Senior Resources

Tips on Having the Talk with an Aging Loved One
An American Association of retired Persons survey found that two-thirds of adult children haven't had the challenging conversation with an aging loved one regarding their later in life days. This is most likely due to the fact that a lot of adult children are not sure how to have a talk of this capacity, or how to begin it.   Click for some great tips...

AARP - Main web site 
AARP - New Jersey Web Site
NJ Department of Health & Senior Services
NJ Senior Services 
NJ Frequently asked questions
NJ Seniors Golf Association - Tournaments
Retirement Living Resources
Long Distance Moving Guide 
Mortgage Refinance Companies
Fully Accessible Guide to Smart Home Tech for the Disabled and Elderly

 
Mortgage Calculator

 


Seller/Buyer Tips 

iBuying Sellers Pay More

Sellers who sell directly to iBuyers pay higher fees than if they used an agent. Read here...

Improve Your Home's Value
7 Smart Strategies for Kitchen Remodeling
10 Insider Tips From a Designer Who Specializes in Small Baths
How to Pick Paint Colors to Fix Any Room's Quirks
Home Upgrades With the Lowest ROI
Smart Basement Flooring Options


FHA Limits Cash-Out

Refinancing a mortgage to take cash out using a home's equity just got a little harder under new limitations on cash-out refinances by the U.S. Department of Housing and Urban Development.  Read here...


Updater Partner -
We make moving
easier.

Click above for details.

Updater will save you time, money, and headaches during your move. But, it's invite -only. Click Here... for an invitation and take advantage of this FREE service.


New Legislation Enacted Easing Seasonal Rental Tax
Gov. Murphy signed legislation that amends the transient accommodations law enacted last summer. The amendment allows rentals to be facilitated by homeowners directly, such as through newspaper advertisements or personal referrals, and not be subject to the tax. However, rentals done through online marketplaces, such as Airbnb, will still be subject to the tax. Read full report...

The following are updated monthly...  
 
New Jersey School Reports
Seniors Monthly Newsletter

Click To view local Monthly Housing Stats 2011 - 2019

*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions.

·  Always personally verify wire instructions.

·  Use only phone numbers that have called before or can otherwise verify are legitimate.

·  Be very suspicious of emails and phone calls with purportedly updated, revised or corrected wiring instructions. It is extremely rare that a lawyer or title agent will change wire instructions during the course of a transaction.

Emil Ratti
Sales Associate
Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist


E-Mail

www.BCNJRE.com
www.NJCondoTownhomes.com


 

REALTOR® -- A Registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS ® and subscribes to its strict Code of Ethics. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.

E-mail me at  remove@edrc.com  to be removed from newsletter.