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Bedroom & Bathtub for Sale By Owner

11-07-09
Alex Silberman
Alex Silberman: Real Estate Agent in Millburn, NJ
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  • Mobile: (973) 219-9200
  • Secondary: (973) 376-0033

Bedroom and bathtub for sale

Most home owners would not dream of selling their bedroom or the bathtub in their bathroom, but when they take out the equity in their homes, they are doing just that.


One of the most revered goals in our great nation has been the promise of home ownership. People taking the plunge and little by little building equity over the years so they can have a retirement nest egg is the American dream. Markets go up and markets go down, but until someone figures out how to make more land, real estate is still one of the best economic choices most of us can make.

Some national lenders are dramatically scaling back their home equity loan programs (reducing the available credit or just downright canceling HELOCS). They have their reasons for doing this, but we should take notice, and know better if we can avoid it.

As a realtor, one of the most heartbreaking things is when sellers have to bring money to close. Yes, the downturn is a piece of that, but an all too common cause is when people take the equity out of their homes leaving them with far less financial strength when they do eventually sell.

I certainly am not passing summary judgment of people that leverage their homes. Not everyone uses their home as an ATM or as a supplemental form of income. Many people find themselves with financial difficulties that leave them facing poor options. This is not for you, the troubled homeowner. This is for you, the homeowner that can take out the equity but shouldn’t.

If you can avoid home equity loans, avoid them. Try to remember the advice our parents gave us (don’t buy it if you can’t pay for it). As an adult, I certainly don’t like to hear that I have to wait for what I want, but that medicine is exactly what I need sometimes. I’m not particularly old fashioned, but saving up until I can buy something feels fundamentally right.

If you must take out a home equity loan, understand the market; you could get caught selling in a down cycle and not have the equity you thought.

For many of us, our home is our future. Make sure you understand the equity you have, the interest you’re paying, and the compound cost to you of a home equity loan. Never use a long term investment (a home) to fund a short lived commodity (a car or a boat).

If you can help it, don’t sell parts of your home today. That will come to haunt you tomorrow and leave with you with fewer choices. Thanks for the advice mom. I should have heeded it more early on, myself.

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West Essex at a Glance ~ Real Estate Market Report and Stat for North Caldwell NJ for October 2009

11-06-09
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties: Real Estate Sales Person in Fairfield, NJ
  • view my blog
  • Office: (973) 992-6363 x116
  • Mobile: (973) 715-1158

West Essex at a Glance

Market Reports and Stats for North Caldwell, New Jersey for October 2009

Real Estate Market Report and Stats for North Caldwell NJ 07006

North Caldwell, New Jersey Market Report for October 2009:

  • Active Listings: 41
  • Under Contracts in October: 2
  • Solds in October: 4
  • Months Supply on the Market: 20.5
  • Absorption ratio: 5% (only 5% of the total inventory went U/C in October, leaving 95% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 67
  • Total properties Under Contract (including those u/c through the end of October): 10

There are currently no multi-family homes on the market in North Caldwell, New Jersey.

Roseland , New Jersey 07068 and Essex Fells, New Jersey 07021 are part of the West Essex Regional School District. The West Essex Regional School District (grades 7-12) is located in North Caldwell and serves the four area sending districts of Essex Fells, Fairfield, North Caldwell, and Roseland. Each town maintains their own grammar schools for grades K-6.

West Essex Regional Schools

These four suburban residential West Essex communities located only 25 miles from New York City have a combined population of approximately 23,000 people and cover an area of 18 square miles.

MARKET SNAPSHOT FOR THE FOUR SENDING DISTRICTS OF THE WEST ESSEX REGIONAL SCHOOLS

Real Estaet Report and Market Stats for West Essex Regional School District, North Caldwell NJ

Snapshot of The Four Sending Districts of the West Essex Regional School District for October 2009:

  • Active Listings: 156
  • Under Contracts in October: 18
  • Solds in October: 11
  • Months Supply on the Market: 8.7
  • Absorption ratio: 12% (only 12% of the total inventory went U/C in October, leaving 88% of the inventory unsold)

Search for homes currently on the market in North Caldwell, New Jersey. For more information on homes for sale within the West Essex Regional School District, please contact Gina Chirico.

Your Resource for West Essex Real Estate,

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West Essex at a Glance ~ Real Estate Market Reports and Stats for Roseland NJ and Essex Fells NJ for October 2009

11-06-09
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties: Real Estate Sales Person in Fairfield, NJ
  • view my blog
  • Office: (973) 992-6363 x116
  • Mobile: (973) 715-1158

West Essex at a Glance

Market Reports and Stats for Roseland, New Jersey and Essex Fells, New Jersey for October 2009

Real Estate Market Report and Stats for Roseland NJ 07068

Roseland, New Jersey Market Report for October 2009:

  • Active Listings: 41
  • Under Contracts in October: 7
  • Solds in October: 2
  • Months Supply on the Market: 5.9
  • Absorption ratio: 10% (only 10% of the total inventory went U/C in October, leaving 90% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 7
  • Total properties Under Contract (including those u/c through the end of October): 10

There are currently no multi-family homes on the market in Roseland, New Jersey.

Real Estate Market Report and Stats for Essex Fells NJ 07021

Essex Fells, New Jersey Market Report for October 2009:

  • Active Listings: 18
  • Under Contracts in October: 3
  • Solds in October: 6
  • Months Supply on the Market: 5.9
  • Absorption ratio: 17% (only 17% of the total inventory went U/C in October, leaving 83% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 6
  • Total properties Under Contract (including those u/c through the end of October): 3

There are currently no multi-family homes on the market in Essex Fells, New Jersey.

Roseland , New Jersey 07068 and Essex Fells, New Jersey 07021 are part of the West Essex Regional School District. The West Essex Regional School District (grades 7-12) is located in North Caldwell and serves the four area sending districts of Essex Fells, Fairfield, North Caldwell, and Roseland. Each town maintains their own grammar schools for grades K-6.

West Essex Regional Schools

These four suburban residential West Essex communities located only 25 miles from New York City have a combined population of approximately 23,000 people and cover an area of 18 square miles.

MARKET SNAPSHOT FOR THE FOUR SENDING DISTRICTS OF THE WEST ESSEX REGIONAL SCHOOLS

Real Estaet Report and Market Stats for West Essex Regional School District, North Caldwell NJ

Snapshot of The Four Sending Districts of the West Essex Regional School District for October 2009:

  • Active Listings: 156
  • Under Contracts in October: 18
  • Solds in October: 11
  • Months Supply on the Market: 8.7
  • Absorption ratio: 12% (only 12% of the total inventory went U/C in October, leaving 88% of the inventory unsold)

Search for homes currently on the market in Roseland, New Jersey. Search for homes currently on the market in Essex Fells, New Jersey. For more information on homes for sale within the West Essex Regional School District, please contact Gina Chirico.

Your Resource for West Essex Real Estate,

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West Essex at a Glance ~ Fairfield NJ Real Estate Market Reports and Stats for October 2009

11-06-09
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties: Real Estate Sales Person in Fairfield, NJ
  • view my blog
  • Office: (973) 992-6363 x116
  • Mobile: (973) 715-1158

West Essex at a Glance

Market Report and Stats for Fairfield, New Jersey for October 2009

Real Estate Market Report and Stats for Fairfield NJ 07004 for October 2009

Fairfield, New Jersey Market Report for October 2009:

  • Active Listings: 59
  • Under Contracts in October: 7
  • Solds in October: 3
  • Months Supply on the Market: 8.4
  • Absorption ratio: 11% (only 11% of the total inventory went U/C in October, leaving 89% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 10
  • Total properties Under Contract (including those u/c through the end of October): 16

There are currently no multi-family homes on the market in Fairfield, New Jersey.

Read about the Communities within West Essex

Fairfield, New Jersey 07004 is part of the West Essex Regional School District. West Essex Regional Schools

The West Essex Regional School District (grades 7-12) is located in North Caldwell and serves the four area sending districts of Essex Fells, Fairfield, North Caldwell, and Roseland. Each town maintains their own grammar schools for grades K-6.

These four suburban residential West Essex communities located only 25 miles from New York City have a combined population of approximately 23,000 people and cover an area of 18 square miles.

MARKET SNAPSHOT FOR THE FOUR SENDING DISTRICTS OF THE WEST ESSEX REGIONAL SCHOOLS

Real Estaet Report and Market Stats for West Essex Regional School District, North Caldwell NJ

Snapshot of The Four Sending Districts of the West Essex Regional School District for October 2009:

  • Active Listings: 156
  • Under Contracts in October: 18
  • Solds in October: 11
  • Months Supply on the Market: 8.7
  • Absorption ratio: 12% (only 12% of the total inventory went U/C in October, leaving 88% of the inventory unsold)

Search for homes currently on the market in Fairfield, New Jersey. For more information on homes for sale within the West Essex Regional School District, please contact Gina Chirico.

Your Resource for West Essex Real Estate,

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West Essex at a Glance ~ Cedar Grove and Verona NJ Real Estate Market Reports for October 2009

11-06-09
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties
Gina Chirico, Specializing in Essex County, Prudential New Jersey Properties: Real Estate Sales Person in Fairfield, NJ
  • view my blog
  • Office: (973) 992-6363 x116
  • Mobile: (973) 715-1158

West Essex at a Glance

Market Reports for Cedar Grove, New Jersey and Verona, New Jersey

October 2009

Cedar Grove NJ Real Estate Market Reports and Stats

Cedar Grove, New Jersey Market Report for October 2009:

  • Active Listings: 60
  • Under Contracts in October: 12
  • Solds in October: 9
  • Months Supply on the Market: 5
  • Absorption ratio: 20% (only 20% of the total inventory went U/C in October, leaving 80% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 15
  • Total properties Under Contract (including those u/c through the end of October): 18

There is currently one multi-family under contract and no active multi-family homes on the market in Cedar Grove.

Verona NJ Real Estate Market Reports and Stats October 2009

Verona, New Jersey Market Report for October 2009:

  • Active Listings: 82
  • Under Contracts in October: 8
  • Solds in October: 23
  • Months Supply on the Market: 10.25
  • Absorption ratio: 10% (only 10% of the total inventory went U/C in October, leaving 90% of the inventory unsold)

The market stats in the chart above above also reflect:

  • New Listings for the month of October: 15
  • Total properties Under Contract (including those u/c through the end of October): 22

There are currently two multi-family homes on the market in Verona.

Read about the Communities within West Essex

Unlike the other six West Essex Communities, Verona and Cedar Grove are much more independent to themselves. Both towns each have their own school system for both grammar and high school levels. Their combined population is approximately 26,000 and cover a combined area of roughly 7 miles.

Search for homes for sale in Cedar Grove, New Jersey. Search for homes for sale in Verona, New Jersey.

View Market Stats for West Essex Community for October 2009 , as a whole.

Your Resource for West Essex Real Estate,

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