Joseph Cacciapaglia

I realize things still seem tough in our local housing market, but I'm glad to be able to pass along more good news. This article is just one of many lately that's starting to make me think that the light at the end of the tunnel isn't just another train coming.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com

I realize that this article is about California and not Camden County, New Jersey, but I think that this is great news. As the article states, California is often a good barometer for the nation's real estate market. Hopefully we'll begin to see a rise in prices as well.

Regardless of which direction prices go, if you want to get the best price for your home quickly, give me a call.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com

I've spent a lot of time talking about Rent to Own homes lately, and I'm glad to see that this topic if receiving some national news coverage. This article provides a great introduction to this subject.

If you're interested in renting to own or selling your home as a rent to own, please don't hesitate to call me.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com

A recent response to one of my posts was very troubling, and I wanted to address it in a new post. Another agent had suggested setting up an LLC to hide certain fees he charged during a short sale from the foreclosing lender. He also suggested that the buyers purchase the stove from the sellers for $2,000,(clearly an above market price just to give the seller some extra cash in the transaction). These are two suggestions that I hear a lot, and honestly I'm appalled. Usually these agents will defend their suggestions, saying that they are acting in the best interest of their clients, but I disagree. In both cases the seller is opening up the potential for a mortgage fraud case, and I would say that this is never in their best interest. Let me remind you that I'm not a lawyer, but I would suggest that you consult one prior to considering either of these tactics. If you can't be 100% open and honest in the transaction, you probably should not be doing it.

With the proper team of professionals, there is no reason that you can sell your short sale without hiding anything from the lender, and still have everyone benefit from the transaction.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com

As many of you already know, a lot of the buyers in the market today are investors. This is especially true of short sale buyers. This is because many regular buyers don't want to wait to move into a new home, or may just be scared from stories that they've heard about short sales. I've noticed that many of my sellers are hesitant to work with investors. I think that it is natural for them to be a little suspicious, let's face it there are many unscrupulous investors out there who would like nothing better than to take advantage of an unknowing seller. However, there are also many investors out there who are truly looking for a win-win outcome where the seller gets a fair price, and the investor is still able to make a profit in the long run.

I think what is most important is for the seller to be eduacated as to the market value of the home and all fo their options. This is a big part of my job in the short sale process. I do my best to keep protect my sellers and help get them the best price possible in the limited time that they have to complete their short sale.

For more information about working with investors, please feel free to call, and keep an eye out for future posts.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com