TIP! HOW TO NOT GET RIPPED OFF BY CONTRACTORS:
When I'm renovating a home, no matter how hard I try to control costs, I always end up paying more than what was on the contractors' original estimates.
Use these 3 tips to make sure your next home improvement project doesn't cost you an arm AND a leg!
For more tips and real estate market info for Union & Essex County NJ, check out my blog at Realty33.com/blog
Questions? Text Me: 973.506.9866
-Silvio / Realty 33
Use these 3 tips to make sure your next home improvement project doesn't cost you an arm AND a leg!
For more tips and real estate market info for Union & Essex County NJ, check out my blog at Realty33.com/blog
Questions? Text Me: 973.506.9866
-Silvio / Realty 33
5 KEY TRENDS MOST LIKELY TO IMPACT
NJ HOME VALUES IN 2019
2018 was a great year for New Jersey’s housing market and economy, but what’s in store for 2019 is still anyone’s guess. If you want to stay current on your local NJ economy and housing market, pay attention to these 5 main market areas in 2019:
Interest Rates
What happens with interest rates will have a huge effect on the housing market in 2019.
Local Development
Now more than ever, it’s important to stay in touch with what’s happening on a local level.
New Tax Law
2 major changes to the federal tax law are going to dramatically change what each NJ taxpayer gets back from Uncle Sam this year.
Minimum Wage Increase
NJ lawmakers announced they have reached an agreement to raise New Jersey’s minimum wage to $15 an hour over the course of five years.
Stock Market
2018 was a topsy turvy year for Wall Street, and many experts are predicting a crash is just around the corner.
Read the full article HERE
Interest Rates
What happens with interest rates will have a huge effect on the housing market in 2019.
Local Development
Now more than ever, it’s important to stay in touch with what’s happening on a local level.
New Tax Law
2 major changes to the federal tax law are going to dramatically change what each NJ taxpayer gets back from Uncle Sam this year.
Minimum Wage Increase
NJ lawmakers announced they have reached an agreement to raise New Jersey’s minimum wage to $15 an hour over the course of five years.
Stock Market
2018 was a topsy turvy year for Wall Street, and many experts are predicting a crash is just around the corner.
Read the full article HERE
Exclusive Listings (Our Secret MLS)
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Exclusive listing is a method we use to sell homes without using the MLS. Our clients usually ask us to do this when they want to sell the property quickly and they don't want a lot of showings, like properties that need some repairs or have tenants.
So, what are the benefits of an exclusive listing?
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Want to know more about how an exclusive listing can save you money?
Get in touch with us 👇
LOCAL MARKET UPDATES
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UNION
2018 RECAP: Union Real estate market did well in 2018. Median sales price for Single family homes went up 7.6%, from $302,000 in 2017 to $325,000 in 2018. Average Days-on-Market is down from 66 to 55 ( ⬇ 16.7%) Latest Union NJ NEWS: Plans Move Forward to Redevelop Garden State Motor Lodge Mayer Warns Union Movie Theatre to Clean Up Eyesore |
MAPLEWOOD
2018 RECAP: Median sales price for single family homes went up another 5.5% from $599,000 in 2017 to $632,000 in 2018. Average Days-on-Market is down from 36 to 31 ( ⬇ 14%) which is also a big drop, showing that homes were selling to well qualified buyers. MAPLEWOOD NJ NEWS: Maplewood Announces Affordable Housing Plan New Parking Kiosks at Maplewood Train Station |
NEWARK
2018 RECAP: Median sales price for single family homes went up an amazing 28%! from $129,000 in 2017 to $165,000 in 2018. Average Days-on-Market is down from 86 to 74 ( ⬇ 14%) which is also a big drop, showing the homes were selling super quick last year. LATEST NEWARK NJ NEWS: Newark Issues 'CODE BLUE' during Cold Weather Forecast Crime is Dropping Big Time in Newark, Officials Say More Downtown Development coming in 2019 |
IRVINGTON
2018 RECAP: Median sales price for Single family homes went up an amazing 74%! from $80,500 in 2017 to $140,000 in 2018. Average Days-on-Market is down from 95 to 69 days ( ⬇ 27.4%) Which is also a crazy drop in the amount of time it takes to sell a home. LATEST IRVINGTON NJ NEWS: Irvington Director of Health Joins Task Force Focused on Lead in State's Drinking Water Huge Irvington Development Launches First Phase in 2018 |
REALTY 33
1837 Springfield Ave
Maplewood, NJ 07040
(973)-762-9000
Realty33@comcast.net