Emil Ratti
Sales Associate

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Certified New Home Specialist

Residential Construction Certified

Senior Real Estate Specialist

 

 

 

 

 

 Happy Valentine's Day


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 Winthrop Court - Clifton NJ 

 
February Holidays  
 

February 1 World Read Aloud Day
February 2 Ground Hog & Super Bowl Day
February 9 National Pizza Day
February 11 Int'l Day of Woman
February 14 Valentine's Day
February 17 President's Day
February 25 Mardi Gras

December 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 =  
4.2  
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
522
583
$548,943
72
Essex County
Absorption Rate =   5.32
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
354
512
$475,666
54

Passaic County
Absorption Rate =   5.36
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
167
312
$348,660
67
Morris County
Absorption Rate =   6.12
 
Normal Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
312
530
$483,128
66

Sussex County
Absorption Rate =   788
 
Buyer's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:
136
233
$262,977
81
New Jersey
Real Estate

Public State and County Reports

From The National Association of Realtors®

Why Are Homeowners Removing the Fireplace?

Some homeowners are viewing the fireplace as a more of a liability than an asset - and they're opting to remove it. After all, there are an average of 22,300 fireplace, chimney, or chimney connector fires each year, according to the Consumer Product Safety Commission. Some owners are removing them because of those potential dangers, but others' reasoning is more design-oriented-they don't want a fireplace because it's taking up too much space in their home or even dating their home's look.

Read full article...

Home Flipping Is Losing Fans

Home flipping plunged 12.9% in the third quarter of last year, following an unusually active spring, according to ATTOM Data Solutions' latest U.S. Home Flipping Report. In the third quarter, 56,566 single-family homes and condos were flipped, down 6.8% from a year ago. This marks the largest quarterly and annual drops in home flipping activity since the third quarter of 2014.

Read full article...


Local Issues

Is something going on in your town that affects private property rights or the real estate industry?

 Every year, NJ Realtors® tackles local issues head on, helping communities fend off invasive ordinances limiting their private property rights or proposals that restrict your business as a Realtor®.

With help from the local boards/associations, NJ Realtors® has worked on issues that affect towns across the state - whether it was to defeat a harmful law or to support a bill that helps homeowners.

Below are some of the local issues NJ Realtors® has worked on recently.


Code of Ethics and Standards of Practice 
of the National Association of Realtors®
Effective January 1, 2019

Realtors® Duties to Clients and Customers

Article 2
Realtors® shall avoid exaggeration, misrepresentation, or concealment of pertinent facts relating to the property or the transaction. Realtors® shall not, however, be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.

Typing subject to errors.


Senior Resources
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

Other Resources
Home Ownership for People With Disabilities

Fully Accessible Guide to Smart Home Tech  for the Disabled and Elderly

 
Mortgage Calculator

 


Seller/Buyer Tips 

If your home isn't selling as quickly as you'd like...

Below is listed seven of the most common reasons and what to do about it:

1. The Asking Price Is Too High
2.  It Lacks Curb Appeal
3. It's Not Staged
4. The Photos Are Poor
5. The House Has a Particular Issue
6. Your Marking Is Weak
7. The Timing Is Off

Read full article...


How not to pay too much for your Home

Whether you are buying your first home, or your fifth, the process of buyinga home is a detailed, time-consuming venture. At the same time, it's an emotional period laden with difficult choices. You want to ensure that  the home you purchase meets your family's needs now, and in the future.

Each of these decisions often involves money. When you consider all that money represents, you'll want to ensure that you don't pay too munch. The following tips will help you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process. These include such things as knowing what you want before you begin shopping, taking your time to shop, choosing the right Realtor®, and remaining objective while viewing potential homes. With this information, you'll be closer to finding your ideal home.

Click to see 20 Buyer Tips


Governor Murphy Marks Statewide Minimum Wage Increase to $11/Hour
Governor Murphy welcomed New Jersey's second statewide minimum wage increase from $10 to $11 per hour, taking effect January 1,2020. The increase is a part of a gradual increase in the minimum wage to $15/hour under legislation signed by Governor Murphy in February 2019.
 
Read full report...

Governor Murphy Signs Legislation Expanding Access to Driver's Licenses

Governor Murphy signed a new law (A4743) to expand access to driver's licenses. the bill will give more New Jersey residents the opportunity to earn a license while decreasing the number of uninsured drivers on the road, improving roadway safety. New Jersey joins thirteen other states in allowing residents to obtain driver's licenses regardless of immigration.

Read full report...



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I will even find a Realtor® in your area of interest.


The following are updated monthly...  

New Jersey School Reports
Seniors' Monthly Newsletter
     Cities Aren't Prepared to
       Accommodate an Aging Population.
     Housing Challenges.
     The built environment
     Share your caregiving experience.
     Best footwear to prevent winter falls.

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.