Hoboken, NJ Real Estate News

By Edward Perez
(Sothbey's International Realty)
When selling a home in  Hoboken be careful with the choice of colors you are using for your decor. The wrong colors could be sending the wrong messages to potential buyers. Many feel that neutral beige or off-white walls are what sells listings, but many times it’s a touch of color that may be what you need to turn a buyer’s head in a listing that is slow to sell. Although, beige may be perfectly acceptable, the right color on a home’s walls, or the perfect color accessories can trigger positive physiological and psychological responses among potential buyers. Many studies have been done on the impact of color in purchasing decisions.The best color to get a buyer’s attention is green. During light-spectrum research that focused on treatments for season affective disorder, subjects expo...
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By Vienna Bello, Real Estate Sales, Rentals & Consulting, GRI, SFR
(Liberty Realty, LLC)
Hoboken Townhouse For Rent Vienna Bello | Liberty Realty, LLC | (201) 725-8102 1030 Hudson St, Hoboken, NJ Luxury 2 Bdrm, 2 Bth Townhouse w/ waterfront NYC views 2BR/2BA Townhouse $3,000/month Bedrooms 2 Bathrooms 2 full, 0 partial Sq Footage 1,112 Parking None Pet Policy Conditional Deposit $0 DESCRIPTION Newly renovated 2 bedroom, 2 bathroom Limestone facade unit in lovely uptown Hoboken. Bay view windows open to waterfront views facing NYC with direct views to the Empire State Building, the pier at Maxwell place, and Elysian Park. Majestic 14 foot ceilings with 10 inch crown molding and Transoms brick. Polished Oak hardwood floors with mahogany inlay. Antique mantles kitchen with solid maple cabinetry, granite counters & peninsula, Kitchen Aid Architectural Series stainless steel app...
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By Edward Perez
(Sothbey's International Realty)
The rates for 30-year fixed mortgages in Hoboken fell this week to 4.32 percent, hitting the lowest level on record for only the second time in history. Rates for 15-year loans dipped to 3.75 percent, making this an all-time low. Since the Spring investors have been buying Treasury bonds and this has driven down their yields to keep rates at or near the lowest levels in decades. Stop waiting and take advantage of the low rates and purchase that new Hoboken home today! For more information,contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market  includes Hoboken, Jersey City, Weehawken and Union City. Eddie can also be reached by phone at 201-344-2886.
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By Brian Murray
(Prime Real Estate Group)
Maxwell Place Sales Event and Updates Got this email from Toll Brothers, builder of the lovely Maxwell Place in Hoboken on the shores of the mighty Hudson.... When you visit a Toll Brothers community during our National Fall Sales Event, you'll see why NOW is a fantastic time to buy your Toll Brothers dream home. We're offering amazing NEW incentives when you deposit on your new home between October 2, 2010 and October 10, 2010*.*Offer valid for new buyers who purchase a home in a participating community and deposit between 10/2/10 and 10/10/10, sign an agreement of sale within 10 days from date of deposit, and close on the home. Selections must be completed by 2/6/11. Offers, incentives, and seller contributions vary by community and are subject to certain terms, conditions, and restri...
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By Brian Murray
(Prime Real Estate Group)
This Week In Hoboken Real Estate: Sept 27- Oct 4 I am not talking about Hoboken real estate this week. You can see the happenings on the spreadsheet below. I am pontificating on something far more inportant...Insurance. Buy a condo. Get home insurance. It protects the bank. They make you get it. and maybe you buy some insurance to cover your belongings too. Good for you. What if you didn't have it? You could probably recover. How about life insurance? I am not a life insurance salesman nor do I endorse any one. BUT. Do you have enough? Did you up your policy when you bought a bigger house? Did you up your policy when you created a bigger family? Did you buy enough to cover the rising costs of college? There is no recovery if you blow this one. I just attended a friend's wake yesterday. ...
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By Brian Murray
(Prime Real Estate Group)
Hoboken Open Houses Map Weekend of 10/2, 10/3The Hoboken Arts and Music Festival is Sunday 11am-4pm. Please plan a little extrta time in your open house viewing schedule to stop by my booth between 1st and 2nd St. I am demo-ing a new free app that will give you the power to search the mls from your cellphone!Here's the rundown for this weekend. These free maps are a service of Brian Murray. Open houses are a great way to get a high level view of the market when just starting your search but keep in mind the following important items: 1) Open houses only represent a small portion of what is available. On any given week end in Hoboken, there are between thirty and sixty open houses. This represents as little as 5% of the total inventory. A buyer who is just starting out should see open ho...
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By Edward Perez
(Sothbey's International Realty)
Perhaps you have been debating on buying a new home, if this is the case you are in good company. Fannie Mae has conducted a recent survey stating that, 70 percent of Americans think that the real estate market has hit the bottom, and now is a good time to buy a home. The figures represent a generous increase of 64 percent, from the same survey conducted in January of this year. A whopping 67 percent of those surveyed said they still feel that housing is a good investment. But 33 percent say they chose renting over owning, and 54 percent said they think it may be hard to get a mortgage loan right now. For more great reasons to buy a Hoboken home in 2010, please click on The Best Time to Buy a Home is Now! If you have been patiently waiting to buy a Hoboken home, now is the time to do i...
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By Edward Perez
(Sothbey's International Realty)
Bankrate.com has published a new report stating that the majority of new homeowners are happy with their purchase. In partnership with Princeton Survey Research Associations International, and Bankrate.com they found that even with the current foreclosure crisis, 90 percent of homeowners don’t regret their housing purchase. Another interesting fact is that they also found that only 8 percent of homeowners with mortgages didn’t know what kind of mortgage they had. That’s big drop from two years ago, when 26 percent didn’t understand their mortgage. So stop waiting, there are many positive reasons to by a new home now. Contact me to today so I can show you why the  The Best Time to Buy a Home is Now! If you have been patiently waiting to buy a Hoboken home, now is the time to do it. With...
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By Edward Perez
(Sothbey's International Realty)
Functionality and frugality are becoming popular when it comes to a person’s home. In a recent design trends survey by the American Institute of Architects (AIA) it has been stated that, “The precipitous decline in house prices over the past five years and the resulting growth in the number of homeowners with delinquent mortgages or mortgages in foreclosure has dramatically changed the way that households are making decisions. One of the high consumer priorities according to the American Institute of Architects are insulation products including alternative techniques such as structural insulation panels and sprayed foam, as well as additional insulation in the attic. Also gaining in popularity are first floor master bedrooms, ramps and elevators, and easy-to-use handles and faucets. An...
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By Brian Murray
(Prime Real Estate Group)
This Week In Hoboken Real Estate: Sept 20-27 Another quiet weeknd for open houses. There just weren't that many of them realtive to the amount of inventory. The weather was too good but how would anyone know that a week when the publishing deadline is a week in advance. Reading the tea leaves. Only 33 contracts for the first four weeks of September. Sellers should be reducing now. How is the overall Hoboken Real Estate Market? 654 condos sold in 2009. 574 sold in the first 9 months. I am confident that even with a slow down, more condos will be sold this year. The September report will be out in preliminary form next week to my clients. The August Hoboken Real Estate Report is now available. A few of the highlights 52 Condos Sold. 51 Condos under contract. Only six over $600k AN IMPORTA...
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By Brian Murray
(Prime Real Estate Group)
Hoboken Open Houses Map Weekend of 9/25, 9/26The first fall Open House weekend. No apple picking. Just more football and open houses!Here's the rundown for this weekend. These free maps are a service of Brian Murray. Open houses are a great way to get a high level view of the market when just starting your search but keep in mind the following important items: 1) Open houses only represent a small portion of what is available. On any given week end in Hoboken, there are between thirty and sixty open houses. This represents as little as 5% of the total inventory. A buyer who is just starting out should see open houses in different price ranges to understand what your money will buy in terms of square footage and location. Beyond and initial five or six open houses, a realtor will save yo...
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By Walter Burns
(Keller Williams City Life Realty)
Below is the Hoboken real estate market update for condominium sales for August 2010. All information is gathered from the Hudson County Multiple Listing Service. Currently there are 490 Active condos for sale in Hoboken. 120 condos are under contract waiting to close. 55 condos sold/closed in August 2010. This compares to 49 condos which closed in July 2010. Please additional details about this Hoboken condo market update, please visit my Hoboken real estate blog.
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By Edward Perez
(Sothbey's International Realty)
According to a recent survey from Relocation.com, less people are moving because of foreclosure. Relocation.com has stated that as recent as June 2010, only one percent of the 1,068 people that were surveyed gave foreclosure as the reason for moving. This is a very large drop from surveys that were conducted in the past. (In the survey conducted in February, 5 percent of stated they were moving because of a foreclosure, while 2 percent were in June 2009.) Another interesting discovery was that the number of people moving to a place with a lower cost of living was also less, with 18 percent in February 2010 to 7 percent in June 2010. To more information go to Relocation.com. Stop waiting, there are many positive reasons to buy a new home now. Contact me today so I can show you why The B...
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By Edward Perez
(Sothbey's International Realty)
The New York Times recently published an interesting report, that states that the  wealthy are more likely than other homeowners to stop making mortgage paymets and walk away from their homes. CoreLogic conducted the survey and found that more than one in seven homeowners with loans above a million dollars are delinquent. When you look at loans under $1 million the figures are much lower with only 1 in twelve delinquent. The survey also states several possible ideas behind this trend. One being the very wealthy are either in denial, or they view residential real estate as just another investment. Also, the very wealth have more cash resources, so if they lose only one investment , it’s not that bad, but for a person who views their home as one of their biggest investment losing it can ...
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By Brian Murray
(Prime Real Estate Group)
This Week In Hoboken Real Estate: Sept 13-20 Quiet weeknd for open houses. The weather was too good. Reading the tea leaves. Only 19 contracts for the first three weeks of September. Sellers should be reducing now. The August Hoboken Real Estate Report is now available. A few of the highlights 52 Condos Sold. 51 Condos under contract. Only six over $600k AN IMPORTANT NOTE: if you click on the links in the speadsheet, it opens a page with more info about the property. If you want to see additional pictures, you must register. I didn't make the system. This Week In Hoboken Real Estate: Sept 13-20
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By Edward Perez
(Sothbey's International Realty)
Perhaps you are interested in adopting a pet. Whether it is your first or one of many, today is a great day to do it! Liberty Humane Society will be sponsoring an adoption event, today, September 19th (from 12-5pm) for Cirque de Septembre! The circus-themed adoption event will feature many adorable pets you can learn about and adopt, along with a kissing & licking booth, raffle giveaways, snacks and the special guest Andrew, the biggest cat on earth! If you adopt an animal from this event it will include a free vaccination. If you are interested in more information contact 201-547-4147 or email trish@libertyhumane.org. For more great reasons to buy a Hoboken home in 2010, please click on The Best Time to Buy a Home is Now! If you have been patiently waiting to buy a Hoboken home, now i...
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By Brian Murray
(Prime Real Estate Group)
Six Things That A Hoboken Seller Should Never Do (Hoboken Open House Directory To be published this evening.... ) Someone sent me six things never to post on Facebook. ugh. If you didn't already know, there is probably someone in Uzbekistan using your identity already....but keeping with theme.... 1) Leave It Cluttered. I know you have to have the 15 kids toys in the living room. But that means the hutch must go. Do you relly think a buyer isn't going to notice all that junk jammed in the corner? If it's too small for you, it's going to be too small for them. 2) Leave It Dirty. I'm not talking dirty dishes in the sink. That I think you can figure out. It's the closets, the pantries, the kitchen cabinets. Don't jam it in there. weed it out. You have to pack it anyway. So pack it and sto...
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By Edward Perez
(Sothbey's International Realty)
The U.S. Department of Housing and Urban Developmentrecently came out with the 2009 American Housing Survey, that contains many facts and statistics about U.S. homes. Following you will find some of the highlights: • Most families that have young children live within one mile of a public elementary school. • Natural gas is the most common home heating fuel in the U.S. • Only a third of U.S. homes have a working carbon monoxide detector. • There are approximately 130 million residential housing units in the U.S. • Eighty-six percent of U.S. housing units are occupied. • The median age of homes in the U.S. is 36 years. • Sixty-eight percent of U.S. homes are occupied by homeowners. • Fifty-one percent of U.S. homes are in suburbs. Twenty-nine percent are in central cities, and 20 percent...
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By Edward Perez
(Sothbey's International Realty)
Many of us have insurance to protect our homes so the following tips may be of interest to you: Be sure to compare prices. Shopping around can save you a lot of money so it is a good idea to compare quotes. Raise your deductible. You can reduce your premium by raising your deductible but don’t increase the amount so high that it will impossible pay it if you need to file a claim. Insure cost, not price. Calculate your insurance amounts on the estimated cost to rebuild or repair your home, not the price you paid to buy the home. Become a long term customer. Some insurers offer a discount to customers who keep their coverage in force for numerous years. Bundle up your policy. It easy to get an additional discount when a  policyholder has multiple policies such as homeowner insurance and ...
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By Edward Perez
(Sothbey's International Realty)
If your house is on the market and does not have central air you could be part of a new trend. Stan Cox has written an interesting new book, “Losing Our Cool. ” Cox has recently been in the media speaking about the benefits of going without central air: lower energy consumption, greater sense of community (since everyone’s not shut inside in the air) and just getting outside to enjoy the true meaning of summer. Perhaps you are one of the folks who rely on window air conditioning units and never felt the need to install central air in your home. If this may be the case you may find some of Cox’s tips on ways to keep cool. For more great reasons to buy a Hoboken home in 2010, please click on The Best Time to Buy a Home is Now! If you have been patiently waiting to buy a Hoboken home, now...
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