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March Real Estate Update News with Paula Clark

03-02-09
Paula Clark
Paula Clark: Real Estate Agent in Hillsdale, NJ

The only Real Estate Update you will ever need.

Paula Clark is your ONLY Real Estate connection

Paula Clark
Sales Associate,Premier Elite

March 2009
Real
BUYING? SELLING?


THE RIGHT REALTOR!


FIND UP TO DATE REAL ESTATE INFORMATION RIGHT HERE!
http://www.PaulaClarkRealtor.com


Paula@PaulaClarkRealtor.com

Copyright © 2009 Realty Times
All Rights Reserved.





Details Of The Recovery and Reinvestment Act of 2009

Talk about tax shelters. Your home likely provides more tax relief than any other acquisition, thanks, in part, to new federal laws designed to ease financial suffering in the recessionary economy.
The "American Recovery and Reinvestment Act of 2009," passed the House on February 13, 2009, by a vote of 246 - 184. Later that day, the Senate also passed the bill by a vote of 60 - 38. The President signed the bill on February 17, 2009. The bill is a $780 billion package, with roughly 35% of the package devoted to tax cuts (mostly for

Mortgage Rates
U.S. averages as of February 26, 2009:

30 yr. fixed: 5.07%
15 yr. fixed: 4.68%
1 yr. adj: 4.81%
<!-- <B>30 yr. jumbo: 6.98%</B>-->



View current rates





2009) and the rest to spending intended to occur in 2009 and 2010.
The bill includes the following provisions:
Homebuyer Tax Credit - The bill
CONTINUED >>>



What's my home worth?

Click hear to find out what your home is worth





Why Buy a Home Now

If you're renting and wondering if you should buy a home, consider what bestselling author, David Bach, says, "The average homeowner is worth 35 times more than the average renter."
He advises renters to take action immediately and start saving part of their paycheck every month to help accumulate a down payment. He also encourages renters to borrow 10-20 percent less than what the bank is willing to lend; that way they're only buying as much home as they can afford.
The longer you rent, the longer it may take you to eventually get into homeownership. If the market conditions have scared you, perhaps you're not looking at the other side of the coin. Owning a home becomes part of your investment portfolio, provides tax benefits, allows you to build equity (it still exists), and, if you buy now, you may get an excellent deal.
According to a MarketWatch news article, buying a home now can provide some real negotiating power to request CONTINUED >>>




Mortgages That Survived
The Credit Crunch


Today's mortgages are a far cry from boom time home loans, but they do exist and some lenders have money to burn. "People used to qualify with stated income. Now there is more documentation. And they aren't just documenting your income, but looking for assets in addition to your income and low debt-to-income ratios and low loan-to-value ratios," said Asmaa Egal, mortgage broker, Loan Republic Financial in San Francisco.
The new brand of home loan has been customized with tighter controls and fewer defects to replace old mortgage models that crashed and burned when the economy hit the skids. "You have to qualify. You have to prove your income. They have make-sense underwriting," said, Quincy Virgilio, 2009 president of the Santa Clara County Association of Realtors.
FHA-insured mortgages
The new darling of the homebuyer set, Federal Housing Administration-insured mortgage programs, have been available for decades. especially for low- to moderate-income families who may not meet requirements for conventional loans.
But with new loan limits as high as $625,500, they've become especially CONTINUED >>>



Call, or e mail Paula Clark for any or all of your Real Estate questions (201) 930-3070

Paula@PaulaClarkRealtor.com




HOME AND MARKET UPDATE!

Northvale
Gorgeous updated home on quiet street
214 Campora Drive in Northvale
Asking: $478,777
Beautiful updated split in award winning high school districts of Old Tappan. Hardwood floors throughout, amazing finished basement, media room, and private property on quiet street.
Montvale
Expanded Ranch on over 1 acre of property. Gourmet kitchen with granite and center island, with dining area, 3 fireplaces, great room with wall to wall windows, home office with separate entrance. Separate bedroom with kitchen area, great for extended family. Amazing price..Amazing Home, and Amazing Price.
$748,777
Wyckoff
This location, Home, and Property will take your breath away! When you drive down this street you will be in awe of it's beauty.Grand Center Hall entrance with custom tile marble floor, and vaulted ceiling. 19' x 32'Great room with soaring ceilings, and hardwood floors with wood burning stone fireplace. Great for entertaining. Oversize formal dining room with entrance into large spacious kitchen with center island. This is perfect for large families, and guests. Walk out to large deck overlooking resort like setting with gorgeous in-ground heated pool,,lush landscaping, Belgium blocks surrounding pool.(newly done). You won't need to go away!Vacation at home!Master bedroom suite with vaulted ceilings, and large windows with master bath,and custom tile. And there's more. Great Extended family home. Finished ground floor level space with kitchen, living room, bedroom, and laundry rm. 2-Car + garage, Newer air condition, & heating unit. Newer roof.Quick close possible.
$878,777

Find out about our office exclusives "Yes, I have a home for everyone" Call Today for more information! CALL TO FIND OUT WHERE OUR OPEN HOUSES ARE THIS SUNDAY.....
Call Today!


Real Estate Update




Daily News and Advice
<!-- <BR> -->
Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.



More Articles


February Round Up: Rates Remain Very Affordable

The Ripple Effect of The Non-Repayable Tax Credit

The Incentive for Greening
American Homes

Should You Use an IRA LLC or Solo 401(K) to Invest in Real Estate?



Paula Clark
Sales Associate,Premier Elite, NJAR Circle of Excellence Gold Level 2004,2005,2006,2007& 2008,Coldwell Bankers' International Presidents Elite

E-mail: Paula@PaulaClarkRealtor.com
Web: http://www.PaulaClarkRealtor.com
(201) 930-3070 Direct
(201) 930-8820 Ext: 130 Office
(201) 280-0056 Cell

Coldwell Banker Residential Brokerage
DIRECT: (201) 930-3070


#1 Expert In Bergen County, and All of New Jersey
#2 Agent in The Coldwell Banker Hillsdale Office, and working hard at becoming #1
The Northern and Pascack Valley


Equal Housing Opportunity


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River Vale NJ Real Estate Report>>September 08' Single Family Home Sales

Pascack Valley Real Estate, Lisa and Robert Hammerstein: Real Estate Agent in Hillsdale, NJ

River Vale NJ Real Estate Report>>September 08' Single Family Home Sales saw Six homes closing in the town of River Vale in the month of September. The Summer market is over but sales are still happening! With interest rates low, qualified Buyers can take advantage of some wonderful opportunities to own a peice of small town America!

The town of River Vale is constantly changing to keep up with the times while maintaining that desireable small town feel.

River Vale NJ Welcome SignRiver Vale NJ Deer Photo

River Vale Real Estate Market Activity:

Total Homes Sold..........................6

Average List Price..............$ 718,370

Average Sold Price.............$ 655,917

Sale/List Price........................91.306 (8-9% differential)

There are currently 56 Actively Listed homes in the town of River Vale with an average List Price of $837,545. There are some fantastic opportunities in this popular town with prices for every budget. Compare the previous Year's activity for the month of September in this Pascack Valley town by clicking on the following link. The numbers may surprise you!

September 2007' River Vale Market Report

For more information on Listings in the Pascack Valley area 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....

Click on the links below to view some scenes of the picturesque Pascack Valley towns.

EMERSON

HILLSDALE

RIVER VALE

WESTWOOD

PARK RIDGE

MONTVALE

WOODCLIFF LAKE

WASHINGTON TOWNSHIP

PASCACK VALLEY SPRING SHOW

PASCACK VALLEY SUMMER SHOW

PASCACK VALLEY FALL SHOW

PASCACK VALLEY HOLIDAY SHOW

__________________________________________________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors

Lisa & Robert Hammerstein • Sales Associates • Coldwell Banker • (201)218-6802

Address • 50 Broadway • Hillsdale, NJ 07642 •

Real Estate Newsletter from The HammersTeam

Bergen County Real Estate Lisa Hammerstein, CRS, e-Pro: Real Estate Agent in River Vale, NJ

Hi Everyone, Welcome

We hope you all had a safe and fun summer this year! Corn

Time Sure Flies!! clock

Now it’s Back To School Time! Back to school School bells

And the Fall Real Estate Market has begun to heat up! fire


Here is a link to our "September Real Estate Update" from Realty Times.


click here


This Newsletter is full of interesting and useful information that we think you will enjoy whether you are a buyer, seller, homeowner, or renter.

This month's issue includes topics such as:

"What the Housing and Economic Recovery Act of 2008 Means for You";
"Moving Away From Heavy Gasoline Use";
"New Fed Rules To Prevent Future Runs on Bad Loans";
"Open The Doors And Buyers Shall Come — But Prepare First!";
"Investor Report: Hidden Tax Pitfall";
"Don't Overlook The Garage When Getting Your Home Ready To Sell";

Plus a roundup of August real estate activity as well as much more advice and information.

We hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to us. Or, if you would like to see a certain topic covered in future months, let us know that too!

Check out our favorite association:
http://www.pvhistory.org/


house building


Robert Bob House& Lisa Lisa soldHammerstein

Coldwell Banker Residential Brokerage
50 Broadway
Hillsdale, N.J. 07642
email:
Robert.Hammerstein@CBMoves.com
email:
Lisa.Hammerstein@CBMoves.com

Cell: 201-218-6802
Cell: 201-315-8618

River Vale, NJ Single Family Home Sales Activity for May 08' - The Pascack Valley

Pascack Valley Real Estate, Lisa and Robert Hammerstein: Real Estate Agent in Hillsdale, NJ

River Vale, NJ Single Family Home Sales Activity for May 08' - The Pascack Valley town of River Vale kept up a steady pace of sales with five home closing in the town of River Vale in the month of May. The Spring market is officially under way with homes beginning to sell for the busiest real estate season of the year! With interest rates low, Buyers should act now before the rates start upwards again.

The town of River Vale is blazing a trail into 2008' to keep up with the times while maintaining that desireable small town community feel.

River Vale NJ Edgewood Country Club Green Photo

River Vale NJ Centennial Amphitheatre Photo

River Vale NJ Memorial Park Photo







River Vale Real Estate Market Activity:

Listing Status Total Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Sold 5 $ 3,087,500 $ 647,735 $ 617,500 $ 600,000 95.332

There are currently 71 Actively Listed homes in the town of River Vale with an average List Price of $833,625. There are some fantastic NEW CONSTRUCTION opportunities in this popular town with prices ranging from $619,000 to 1,799,900.

Compare the previous Year's activity for the Pascack Valley towns by clicking on the following link:

May 2007' Pasack Valley Sold Homes Market Report

For more information on Listings in the Pascack Valley area 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....

Click on the links below to view some scenes of the picturesque Pascack Valley towns.

EMERSON

HILLSDALE

RIVER VALE

WESTWOOD

PARK RIDGE

MONTVALE

WOODCLIFF LAKE

WASHINGTON TOWNSHIP

PASCACK VALLEY SPRING SHOW

__________________________________________________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Lisa & Robert Hammerstein • Sales Associates • Coldwell Banker • (201)218-6802

Address • 50 Broadway • Hillsdale, NJ 07642 •

River Vale, NJ Single Family Home Sales Activity for February 2008'>>The Pascack Valley

Pascack Valley Real Estate, Lisa and Robert Hammerstein: Real Estate Agent in Hillsdale, NJ

River Vale, NJ Single Family Home Sales Activity for February 08' - The Pascack Valley town of River Vale kept up a steady pace of sales with five home closing in the town of River Vale in the month of the Ground Hog.  The Spring market is officially under way with homes beginning to list for the busiest real estate season of the year!  With interest rates low, Buyers should act now before the rates start upwards again.

The town of River Vale is blazing a trail into 2008' to keep up with the times while maintaining that desireable small town community feel.

River Vale NJ Edgewood Country Club Green Photo

River Vale NJ Centennial Amphitheatre Photo

River Vale NJ Four Corners Photo

 

 

 

 

 

 

River Vale Real Estate Market Activity: 

 
Listing Status       Total       Total List/Sale Dollars Average List
Price
Average Sold
Price
Median Sold
Price
Sale Price/
List Price*
Sold5 $ 3,622,000 $ 756,150 $ 724,400 $ 700,000  95.801

There are currently 63 Actively Listed homes in the town of River Vale with an average List Price of $818,683.  There are some fantastic NEW CONSTRUCTION opportunities in this popular town with prices ranging from $995,000 to 1,799,900. 

Compare the previous month's activity for the Pascack Valley town of River Vale by clicking on the following link:

January 2007' Market Report

For more information on Listings in the Pascack Valley area 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....

Click on the links below to view some scenes of the picturesque Pascack Valley towns.

EMERSON

HILLSDALE

RIVER VALE

WESTWOOD

PARK RIDGE

MONTVALE

WOODCLIFF LAKE

WASHINGTON TOWNSHIP

__________________________________________________________________________________________________________

 Search New Jersey Homes  Bergen County Real Estate  Bergen County Home Seller Tips  Bergen County Home Buyer Tips  Contact Bergen County Realtors  Free Bergen County Home Evaluation

Lisa & Robert Hammerstein • Sales Associates • Coldwell Banker • (201)218-6802

Address • 50 Broadway • Hillsdale, NJ 07642 •