Latest Real Estate Tips & Trends
We love to share with you what is happening in not just the market but also in buyer/seller behavior trends as well as occasional design, home and lifestyle tips.
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June 2023
YOU BOUGHT THE DREAM HOME but it’s inconveniently located now that you’re traveling more. What to do?
It's rough, you found the IT home & were sold on the lifestyle but now the lifestyle isn't worth the remoteness of the "dream" house. It has everything including the 8 seater bar & killer entertainment center, but it takes you more than an hour to get anywhere.
💰 Lets evaluate the facts. Your home value is likely up so let's evaluate the numbers & consider the move.
👋 We know the friendliest towns for commuting by train, bus & plane in North Jersey. Let's find the lifestyle that matches todays dream home.
Do you know best question to ask when you’re thinking about buying a home?
Why did the owner’s buy this to begin with?
This is the most under recognized home valuation tool you’ve got as a buyer. You won’t be able to get answers to all the questions you have, but if you can entice a seller to share their story about why they bought it to begin with, you will learn a lot more than you realize.
This Oakland oasis in Bergen County had some key features we wanted to highlight like the full size basement that ran the length of the property and the newly installed Tesla Charging station attached to the garage. But what our buyers wanted to know was this.
WHY did you buy it to begin with?
Our seller’s said; “It was all about that room, that light, that view!” When they first visited this home the current owners said they liked it, it was what they needed; 4 bedrooms, 3 bathrooms, a nice big yard and a large basement. But when they entered the great room with it’s double height ceiling, full vaulted windows, wood burning fire, open concept living connecting kitchen to dining to study, it was a done deal.
May 2023
Turn-Key Homes Sell Faster
It all begins with an idea. After some interesting life paths led us abroad to Europe, the Caribbean, Boston and back to NYC, both Betsy and I landed in the same suburban area of North Jersey we grew up in. So the idea came, lets serve those we know.
Now, 7 years later, we are firmly planted in Northern New Jersey, from where we came and we know exactly why you would want to raise a family here and put down roots. Our roots ran so deep, they brought us back. While we don’t just serve Bergen County, we do have a particular affinity for it having lived in a number of the towns like Franklin Lakes, Ridgewood, Ho-Ho-Kus, Oakland, Glen Rock and Allendale.
Our expertise, however, doesn’t stop there. We also have personally lived and worked in Wayne, Hawthorne, Clifton, Hoboken, Montclair and parts of the Jersey Shore. We know and love this state and we’d love to share it with you. Welcome to North Jersey, where mountains, beaches and the city are all within 30-90 mins away! Location, location, location, quite literally, we have all 3 top trending environments. And we are here to help you find a home to reach them all.
Katie
Open House Mistakes
Not preparing the property: One of the biggest mistakes is not properly preparing the property for the open house. This includes cleaning, decluttering, and staging the home to make it look its best.
Overlooking repairs: Failing to make necessary repairs or updates to the home can turn off potential buyers and lead to a lower sale price.
Not advertising the open house: A lack of advertising can result in low attendance at the open house, which can decrease the likelihood of finding a buyer.
Being present during the open house: Sellers should not be present during the open house as it can make potential buyers feel uncomfortable and may inhibit their ability to visualize themselves in the space.
Colors of the year: 2023
Honeycomb is arguably THE color of the year. As we move away from greys the world is about to get a lot brighter.
Declutter like a Seller
They limit showings & Open Houses which impacts foot traffic. While marketing and online views of professional photography draws clicks, the foot traffic is what brings the buyer in most cases.
2. Feedback is received and processed emotionally rather than through a business lens. The feedback from potential buyers is what you as the seller can use to best position your home in the market to meet their needs. Take it, learn from it and adjust to win!
3. Great taste in home décor is a gift and something you should be proud of but please understand, STAGING is not Decorating. Professional stagers are not creating a space to live in, but one that will sell. There is a difference in the intent and thus the design is curated for that experience.
BONUS TIP:
Do not overprice! That’s called chasing the market. You want buyers to chase you, not the other way around.
Top 3 Mistakes Sellers Make
They limit showings & Open Houses which impacts foot traffic. While marketing and online views of professional photography draws clicks, the foot traffic is what brings the buyer in most cases.
2. Feedback is received and processed emotionally rather than through a business lens. The feedback from potential buyers is what you as the seller can use to best position your home in the market to meet their needs. Take it, learn from it and adjust to win!
3. Great taste in home décor is a gift and something you should be proud of but please understand, STAGING is not Decorating. Professional stagers are not creating a space to live in, but one that will sell. There is a difference in the intent and thus the design is curated for that experience.
BONUS TIP:
Do not overprice! That’s called chasing the market. You want buyers to chase you, not the other way around.
The return to Bergen
It all begins with an idea. After some interesting life paths led us abroad to Europe, the Caribbean, Boston and back to NYC, both Betsy and I landed in the same suburban area of North Jersey we grew up in. So the idea came, lets serve those we know.
Now, 7 years later, we are firmly planted in Northern New Jersey, from where we came and we know exactly why you would want to raise a family here and put down roots. Our roots ran so deep, they brought us back. While we don’t just serve Bergen County, we do have a particular affinity for it having lived in a number of the towns like Franklin Lakes, Ridgewood, Ho-Ho-Kus, Oakland, Glen Rock and Allendale.
Our expertise, however, doesn’t stop there. We also have personally lived and worked in Wayne, Hawthorne, Clifton, Hoboken, Montclair and parts of the Jersey Shore. We know and love this state and we’d love to share it with you. Welcome to North Jersey, where mountains, beaches and the city are all within 30-90 mins away! Location, location, location, quite literally, we have all 3 top trending environments. And we are here to help you find a home to reach them all.
Katie
YOU VALUE YOUR HOME & SO DO WE.
1 in 5 homes dropped their price this week. Why? What's next?
The market has shifted; 20% of homes listed adjusted prices last week. Today all eyes are on Fed Chair, Jerome Powell’s, testimony on Capitol Hill to see if he will announce any more point increases next month.
What does this mean for your plans to buy or sell a home?
Why Get a Pre-Approval Before Beginning a Home Search?
Why Get a Pre-Approval Before Beginning a Home Search?
When you are in the process of buying a home, it’s natural to begin by doing your own looking around. It’s exciting to imagine what neighborhood you may want to target and what size and style of home appeals to you. There’s no harm done in satiating your curiosity and doing a little dreaming. It’s a little like window shopping - without a wallet. A pre-approval letter moves you from dreamer to buyer.
Snapshot of a Shifting Market
1 in 5 homes dropped their price this week. Why? What's next?
The market has shifted; 20% of homes listed adjusted prices last week. Today all eyes are on Fed Chair, Jerome Powell’s, testimony on Capitol Hill to see if he will announce any more point increases next month.
What does this mean for your plans to buy or sell a home?