| Q1: | Why buy a house? |
| A1: | Here are some frequently cited reasons for buying a house:
* You prefer to be an owner rather than to rent. *You need a tax break on your income taxes. The mortgage interest deduction can make home ownership very appealing. |
| Q2: | What home can I afford to buy? |
| A2: | Knowing what you can afford is the first rule of home buying, and that depends on how much income and how much debt you have. In general, lenders don't want borrowers to spend more than 28 percent of their gross income per month on a mortgage payment or more than 36 percent on debts. It pays to check with several lenders before you start searching for a home. Most will be happy to roughly calculate what you can afford and pre-qualify or pre-approve (as Weichert Realtors - Financial Services does) you for a loan.
The price you can afford to pay for a home will depend on 6 factors: 1. Gross Income Another number lenders use to evaluate how much you can afford is the housing expense-to-income ratio. It is determined by calculating your projected monthly housing expense, which consists of the principal and interest payment on your new home loan, property taxes and hazard insurance (or PITI as it is known). If you have to pay monthly homeowners association dues and/or private mortgage insurance, this also will be added to your PITI. This ratio should fall between 28 to 33 percent, although some lenders will go higher under certain circumstances. Your total debt-to-income ratio should be in the 34 to 38 percent range. |
| Q3: | What is the standard debt-to-income ratio? |
| A3: | A standard ratio used by lenders limits the mortgage payment to 28 percent of the borrower's gross income and the mortgage payment, combined with all other debts, to 36 percent of the total.
The fact that some loan applicants are accustomed to spending 40 percent of their monthly income on rent -- and still promptly make the payment each time -- has prompted some lenders to broaden their acceptable mortgage payment amount when considered as a percentage of the applicant's income. Other real estate experts tell borrowers facing rejection to compensate for negative factors by saving up a larger down payment. Mortgage loans requiring little or no outside documentation often can be obtained with down payments of 25 percent or more of the purchase price. |
| Q4: | How much will I spend on home maintenance expenses? |
| A4: | Experts generally agree that you can plan on annually spending 1 percent of the purchase price of your house on repairing gutters, caulking windows, sealing your driveway and the myriad other maintenance chores that come with the privilege of homeownership. Newer homes will cost less to maintain than older homes. It also depends on how well the house has been maintained over the years. |
| Q5: | Where do I get information on housing market statistics? |
| A5: | A real estate agent like me is a good source for finding out the status of the local housing market from their MLS system. So is your statewide association of REALTORS®, most of which are continuously compiling such statistics from local real estate boards. |
PLEASE COME TO MY OPEN HOUSE THIS SUNDAY, AUG 1ST from 1 to 4 pm!
Rte 78 to 22W to Rgt on Roseberry St, Left on John Mitchell
PRICE REDUCTION TO $224,900!
http://224richlinehillrd.epropertysites.com/
Come to my Open House at this beautiful colonial in Stewartsville / Greenwich Township, NJ
927 Tyler Circle - Sunday July 25 - from 1 to 4 pm
Reduced from $425,000 to $414,888 this colonial is a great buy!
Reduced from $425,000 to $414,888 this colonial is a great buy!
http://927tylercircle.epropertysites.com/
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If an event in your life requires you to sell your home or purchase a home..Let Me Help! I will do what I can for you -- along with the negotiation process. You can Expect a Higher Level of Service!
Personal Service with A Difference
My website provides a variety of real estate information and features a highly advanced property search system with advanced consumer tools. When you enter your contact information to reach me, you will be contacted right away. I am dedicated to bring you results. For information or addresses for these properties, call me on my cell 24/7. I return calls and emails within hours, usually in just minutes!
I have an Exceptional Marketing Web Presence and a Substantial Amount of Buyers!
Weichert Realtors for Homes for Sale near Stewartsville, Greenwich Township, Bloomsbury, Asbury, Milford, Holland Twp, Pittstown, Clinton, Annandale, Lebanon, Whitehouse, White House Station, Union Twp, NJ Hunterdon County & Warren County.
I am a full-time professional real estate agent that spends time finding out what specifically you are looking for in a home. I lived in NJ for 50 years and specialize in beautiful and luxury homes for sale. I work late into the evening so if you need me, I will be there if you need to contact me.
Jean Villa, Weichert Realtors, 908-319-9556
Your West Central NJ real estate agent
Find the Stewartsville, New Jersey Homes for Sale that you're looking for in STEWARTSVILLE, NJ or CLINTON, NJ - Do you need a Real Estate Agent?
Serving Warren, Hunterdon & Somerset Counties Stewartsville, Lopatcong, Bloomsbury, Clinton, Flemington, Asbury, Perryville, Milford, Oldwick, Tewksbury, NJ & More! "Villa as in House" Personal Service with A Difference
If an event in your life requires you to
sell your home or purchase a home...Let Me Help!
I will do what I can for you -- along with the negotiation process.
You can Expect a Higher Level of Service!
My website provides a variety of real estate information and features a highly advanced property search system with advanced consumer tools. When you enter your contact information to reach me, you will be contacted right away. I am dedicated to bring you results. For information or addresses for these properties, call me on my cell 24/7. I return calls and emails within hours, usually in just minutes! CALL ME ON MY CELL 908-319-9556 I have an Exceptional Marketing Web Presence and a Substantial Amount of Buyers! Specializing in: Alexandria Twp, Alpha, Asbury, Bethlehem Twp, Bloomsbury, Clinton Twp, Flemingon, Franklin Twp, Greenwich Twp, Holland Twp, Lebanon Twp, Lopatcong Twp, Milford, Perryville, Phillipsburg, Pohatcong Twp, Stewartsville, Union Twp, Warren Glen Please click to View My Listings & Featured Homes at http://www.RealEstateRoute78.com http://www.WeichertStewartsville.com http://www.JustListedNJhomes.com
Realtor Jean Villa's Resume'
My effective marketing expertise supported by a highly advanced technology system for advertising on-line will drive at least 90% of buyers to your home. I include details about your home along with 25 amazing pictures which can be viewed on the GSML system and on Realtor.com with advanced features. Benefits You can expect from me: Professional Experience: Professional Credentials: Awards: Areas of Expertise: Education: Personal Background: Community Involvement:
My highly advanced property search system includes consumer tools for buyers interested in purchasing a home for a quick and thorough view of all realtor's home listings.
Testimonials Jean was terrific! She managed to key in on the type of properties that we were interested in until we found exactly what we were looking for. Her friendly yet professional manner made her a pleasure to work with. Thanks Jean... we love our new home! Richard Guastella Clinton, NJ I met Jean about 2 years ago when I was looking for a house to rent. I also needed to sell my house, but the house was not quite ready to be sold. Jean went above and beyond when it came to helping me prepare the house to sell, she would come over whenever I needed help with any major or minor project. She was also very helpful when I needed to find people to help me with repairs I could not do myself. I would recommend Jean to friends or anyone that asked me who they should use to sell their house, because she will do what it takes to get their house sold. Meledy White DeBosh Lopatcong, NJ Jean Villa, representing Weichert Realtors, has handled an Estate sale of which I was the executor. She had several "Open House" showings, and I feel her expertise at these showings enhanced the sale of the property. I would certainly recommend her handling any real estate contract. Jean came over and did an analysis on my home and advised me on the various services she could provide me with such as realtor networking, inter agency relationships, location information / demographics, comparative pricing and market strategies, and professional web service exposure. I was very impressed and signed on with her that August. By October Jean had brought to us a cash buyer and I was very happy. The following week our cash buyer backed out because the housing market had started to slip downward and they felt they would get a better buy in several months. I discussed this with Jean and she said not to worry as in her professional opinion my house would sell. Jean had done a wonderful presentation of my home on several web services and we were getting many hits. In January I received a call from Jean that I had an offer, which surprised me because it was mid winter and still in a housing sale decline. The buyer's offer came within $12,000 of my asking price which was another surprise. All worked out just as Jean had said it would and went through closing without any problems. I would highly recommend Jean to anyone selling their home as I know that her professional abilities sold my home at the slow time of the year and in a market downturn. Rich Mauro We truly appreciate all the hard work Jean put in to helping us locate, research and purchase our property. The exceptional personal service provided by her certainly should be commended. She went out of her way to work with us based on our schedules, and when we were unavailable to see a place, Jean went in place of us and took plenty of pictures. That is great service! Jean can definitely count on our recommendations for her services to our friends. Pooja and John She was very knowledgable and took the time to really understand my needs and wants in a home. In fact, with her help I feel I purchased my dream home! She was always very professional, but also personable, with a very charming personality and enjoyable presence. I never felt pressured or rushed with Jean. Jean took the necessary steps throughout my search and purchase to ensure that I viewed all the properties that were applicable to my needs. She researched any questions I had about property boundaries, nearby land use, railway paths, and the like. She accomodated me with answering any questions I had, regardless what time I called her. If she didn't have an immediate answer for me, she researched what I asked about and got back to me with surprisingly quick responses which were very thorough and detailed and provided me with the knowledge I needed to make a decision. I am very happy with my house purchase and relied very heavily on Jean's aggressive negotiating skills to get my price. She was very patient with me and provided wonderful advice and counsel. Jean also accompanied me with the house inspection, took notes which really gave me the freedom to spend my time just concentrating on the inspection itself. She was very accommodating with being available to me, since my schedule was very tight. My closing went very smoothly due to Jean's preparation. I can't say enough about how pleased I am with Jean's services. I will recommend her to friends and family enthusiastically. She is definitely an asset to Weichert, Realtors. Lucy Petitto
I orignally met Jean Villa after responding to a Weichert advertisement on the internet. I met with Jean and we visited a number of available townhomes in NJ. I found the place I wanted and we made an offer that was accepted by the homeowner. The closing process did take longer than I expected, due to the home being listed as a short sale, but I was still able to close before the recent government tax credit was set to expire. Jean consistently followed up with the homeowner, the attorneys and the two banks involved in the short sale. Thanks to Jean's help, I was able to close on the home I orignally wanted. Thoughout the whole entire process Jean kept me aware of where the negotiations stood. In closing, if my friends were looking for a home in that area of NJ, I would recommend Jean to be their real estate agent. Thanks, Bryan Gilrane
Rudy Zeman
In July 2006 I decided to sell my home in Hunterdon County NJ. I have always sold my homes using a realtor and this time would be no different. There are several very important reasons that I feel that engaging a realtor over trying to sell it myself, more than outweigh the commission for their professional services. I talked to a friend who had their home sold by Jean and I contacted her.
I wanted to acknowledge the outstanding service I received from my realtor, Jean Villa.
My experience with Jean Villa was very pleasant. She made me feel comfortable with one of the biggest decisions in my life -- purchasing a home. What makes her so special is that she works well with people, especially those buying from another state. I moved from New York to New Jersey and she made sure I was informed on everything I needed to know about buying my first home. I look at Jean as more than my Realtor, she is someone that cares. I am so happy that Jean was the one who walked me through this process. Jean is a true asset to Weichert, Realtors. Melissa Mabry, First Time Homebuyer
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