“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Robert Hammerstein

Hillsdale Market Report for July 2009


Welcome to Hillsdale NJ!



Welcome to Hillsdale


Below is a representation of our current market trends here in Hillsdale New Jersey.

I think these graphs are pretty terrific and basically tell you the full scope of our current market here.

First the past 13 Months:

Hillsdale



Below is our July past month graph:

Hillsdale


Raw Data from the past 2 years and a half....


Hillsdale



Hillsdale NJ Real Estate Report|July 09' Single Family Home Sales
saw Nine homes closing in the town of Hillsdale in the month of July as we celebrated Independence Day. The 2009 Summer Real Estate market is hot, hot, hot. With interest rates low and the First Time Home Buyer Incentive program, qualified Buyers can take advantage of some wonderful opportunities to own a piece of Small Town America! There's no place like A New Hillsdale Home! Act now before the First Time Home Buyer Incentive program goes away.

The town of Hillsdale is constantly changing to keep up with the times while maintaining that desirable small town feel. Residents can take advantage of the many amenities offered by this Pascack Valley town.




Hillsdale, NJ July 09' Real Estate Market Activity:

Total Homes Sold..........................9

Average List Price..............$ 569,487

Average Sold Price.............$ 535,667

Median Sold Price..............$ 450,000

Sale/List Price....................... 94.061 (5-6% differential)

There are currently 44 Actively Listed homes in the town of Hillsdale with an average List Price of $582,177. There are some fantastic opportunities in this popular town with prices for every budget.

Click here to view all Hillsdale Local Listings


Hammersteam Helps Sell and Buy | Another Happy Family

Hi everybody Bob say Hi and Lisa says Hi! Lisa Sold


It's official!


Lisa and I just closed on a home that for our sellers that was listed at $424,944 and sold over asking at
$432,500. An outstanding feat in the current real estate market. To have a listing that goes over asking just made our clients sooooo happy as you can believe.

Hawthorne

Hawthorne NJ



The home was listed on May 11th and sold in 51 days, a rather short amount of time considering that we also had to find them an extended family home as well so the in laws can move in with them. Then coordinate the two closings to fall together on the same day.


Whew!

Also the sellers had a baby also while the houes was listed a few weeks into the listing.

As well as having an accident with their two year old who lopped off one of his finger tips and have to have it reattached at the hospital during all this.

Just when you thought you'd heard it all huh?

So they purchased a home in my hometown of Hillsdale that has an extended family room in the basement with walk out sliding glass doors to a patio as well as a separate kitchen and bedroom away from the rest of the growing family.

Talk about having built in baby sitters. This was great!

Melville

Melville

It was perfecto for them and their situation.

I have to admit that Lisa found them this home in her searches for a suitable home. I can't take the credit for this one.

The Role of a Real Estate Attorney | Bergen County New Jersey

Bergen County New Jersey | The Role of Real Estate Attorneys in a Real Estate Transaction.


Putting the pieces together.  
                       Welcome                     

     Puzzle



Speaking as New Jersey Real Estate Agents working with Buyers and Sellers in the Pascack Valley area of Bergen County, New Jersey, we'd like to share our list of the features that illustrate The  Role of The Real Estate Attorney

We are happy to offer names of qualified Attorneys to our customers and clients.  However, there are occasions when a Buyer or Seller has an Attorney that they pre-selected.  

Although most of the time things work out, we have seen those unfortunate situations where the Buyer or Seller feel that they have been left in the dark.  Your Agent will keep track of the following terms.  However, your Attorney will be the person who will monitor the Contingencies of the Contract on your behalf. 


The following list is what you can usually expect your Attorney to handle during the course of your transaction:

 time

1. Attorney Review - In the State of New Jersey, once a Seller and Buyer come to a "Meeting of the Minds", the Offer is signed by the Seller. Next, both the Seller and Buyer's Attorneys receive a copy of the contract to review.  During this period, the Attorneys may exchange Riders which could alter portions of the Original Offer.  The time frame for the Attorney Review Period could be important if you are a Buyer.  It should be noted that during an Attorney Review Period in the state of New Jersey, the Buyer or the Seller can "Back Out", without explanation. 


2. Home Inspection Issues - Within approximately ten days after the conclusion of the Attorney Review period, the results and requests for any Home Inspection issues are due.  Once the Inspection has been concluded and the Inspection Report has been issued, the Attorney for the Buyer reviews the points with the Buyer.   You should expect your Attorney to review these points with you in a timely manner (per the contract and/or Riders).   


3. The Deposit Monies  - Once the Attorney Review has been completed, the Buyer must meet the deadline set forth in the Contract to bring their Deposit monies to their Attorney.  The Attorney will then forward the Deposit monies to the appropriate party in good-faith preparation for the closing.


4. Mortgage Commitment Contingency - The Buyer must take the necessary measures to apply for a Mortgage in a Timely manner.  Your Attorney will coordinate the Closing of Title with the Lender to insure the Funds are available on the day and time of the scheduled Closing.


5. Title Review & Survey as well as Title Insurance - Your Attorney will order a Title Search to insure that the property is free and clear of any liens or judgments.  Once your Attorney has cleared any judgments and confirmed that any open mortgages will be paid in full at closing, the Title Company will issue a "Clear to Close" and the Attorney will then proceed to closing accordingly.  After the closing has taken place, the Title Company will issue a "Title Insurance Policy", insuring the property against any future claims that turn up reverting back to prior to closing.  The Attorney will also order a Survey to be done on the property in question.  This is important as a Survey will reveal any abnormalities of property lines, and if the Buyer intends on building/improving upon the property in the future, the Surveyor can set property corner markers, or "stakes", which mark the property lines.  Your Attorney will forward a copy of the Survey to you prior to closing for you to review and familiarize yourself with your property lines.


6. Ordering of Homeowner's Insurance - The Buyer's Attorney will instruct the Buyer to make application for Homeowner's Insurance.  The Buyer's Mortgage Lender will quite often remind the Buyer of this, as well, but it is necessary that the insurance is ordered in a timely manner.  The Insurance Certificate must be available on the day of Closing of Title.


7. Closing Of Title - The respective Attorneys will confirm that Funds are available and coordinate with all parties to set the Closing of Title at which time, keys will be exchanged!

Lisa Sells Homes

As a Buyer or Seller in New Jersey, it's important to note that The Role Of The Real Estate Attorney is to represent you in the legal matters concerning the Transaction. 


Pascack Valley Real Estate Agents | HammersTeam Help Another Couple | House Sold

Hi everybody Bob say Hiand Lisa says Hi! Lisa Sold



Pascack Valley Real Estate Experts Bob and Lisa Hammerstein helped another happy homeowner to sell their home.

Today was a great day!


Sold!


Seeing the happy smiles of our new friends for life just makes it all the more gratifying for Lisa and I to be in this business.

We were privileged to list and sell their split level home located in Emerson NJ on a quiet street, on a corner lot. We did it in 46 days.

Emerson NJ

Overlook in Emerson NJ



So today was a very good day for our happy clients and subsequently, the Hammersteam!


Emerson NJ


You just cant beat the feeling of those smiling eyes.


Have a great day

Washington Township New Jersey| Market Reports July 2009

Below is a representation of our current market trends here in Washington Township New Jersey.

I think these graphs are pretty terrific and basically tell you the full scope of our current market here.

First the past 13 Months:

Washington Township NJ



Below is our July past month graphs:

Washington Township NJ


Raw Data from the past 2 years and a half....


Washington Township NJ

Washington Township, NJ July 09' Real Estate Market Activity:

Total Homes Sold..........................9

Average List Price..............$ 469,844

Average Sold Price.............$ 435,556

Median Sold Price..............$ 450,000

Sale/List Price....................... 92.702 (7-8% differential)

There are currently 44 Actively Listed homes in the town of Wasington Township with an average List Price of $639,248. There are some fantastic opportunities in this popular town with prices for every budget.

Click here to view all Washington Township Local Listings

For more information on Listings in the Pascack Valleyarea of Bergen County, New Jersey, call Bob & Lisa at (201)218-6802, or visit us online at www.HammersTeam.com your Pascack Valley Real Estate Resource at "Your Service"! It's a great time to "Buy A Home" in the Pascack Valley. We're keeping an eye on the real estate market for you....