Your Hometown "REALTORS":
LISA & ROBERT HAMMERSTEIN
July 2007
" Homes Are Where Our Hearts Are "
Copyright © 2007 Realty TimesAll Rights Reserved.
When Should Homebuyers Jump In? Investors who time any market hope to buy at the nadir and sell at the zenith, but homebuyers have a trickier time knowing when to sit on the sidelines and when to jump in. The reason? There are several. Buying a home is one of the largest financial investments a homebuyer will make. Transaction costs are expensive enough that homeowners remain in their homes approximately six years before trading up or down. As the recent buyer's market shows, homes aren't liquid, and may not find buyers at the price and in the time frame that sellers prefer.
Mortgage Rates U.S. averages as of June 28, 2007:
30 yr. fixed: 6.67%
15 yr. fixed: 6.34%
1 yr. adj: 5.65%
30 yr. jumbo: 6.98%-->
View current rates
On the other hand, homeownership provides significant benefits including property rights, tax benefits and other government subsidies including support for a mortgage lending market, quality of
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Wondering What Your Home Is Worth?Let me show you. Give us a call at 201-218-6802
What Your Homeowners Insurance Does, Doesn't Cover A standard homeowners insurance policy doesn't cover what you think it does -- not flood or earthquake damage, not stolen or damaged vehicles on your property, not a break in the water service or sewage line and not termites moving in nor pets stolen away. Many homeowners are under the mistaken impression that a standard homeowners policy provides more insurance protection than it does and that could mean large unexpected out of pocket expenses -- when you can least afford them. The National Association of Insurance Commissioners (NAIC), an organization of state insurance regulators, found that 33 percent of U.S. heads of household still hold the false belief that flood damage is covered by a standard homeowners policy -- despite extensive post-Hurricane Katrina news coverage of scores of homeowners with claims turned down because they didn't have the required flood insurance from the National Flood Insurance Program.
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Avoiding 7 Costly Mistakesof Selling Your Home There are inappropriate steps sellers can take when it comes time to put their house on the market. For instance, the seller in Virginia, who thought the half bath the builder had located at the front of the house would really be better situated toward the back of the main level (though all the other similar models had the powder room in the same place for the previous 20 years). He got hung up on this detail so much, that he just had to move it -- and did -- for thousands of dollars, just so he could get it on the market the "right way." His hang-up may have settled some deep-seated emotional need for him, but it didn't draw any more buyers, and it drained his bottom line. You might say, that was a costly mistake. Real estate broker and author Sid Davis has identified in his book, "A Survival Guide to Selling a Home," seven costly mistakes that many sellers make when it comes time to put their home on the market. In my business, I've seen each one of these mistakes played out and it just makes me shake my head as to why sellers forge ahead with unwise strategies, instead of listening to the voice of an experienced professional. Mistake 1: Putting the home on the market before it's ready. Most times this happens because the seller gets impatient or is a procrastinator and has
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Read About Us We are Full Time Realtors and "LIFETIME" Bergen County residents. Teamed up for Superior Service and always ready to serve your Real Estate needs with Technology suited to sell your home the fastest. We're up to date on local listings and ready to find our Buyers the perfect home to call their own. We are your high tech Realtor Team - Wired for "Your Success" with the latest in technology combined with our knowledge of our hometown County! To find the latest listings and information about the Bergen County area, check out our website at www.HammersTeam.com. Send us an e-mail or order any of our free reports. We look forward to serving your Real Estate needs! For superior service call us direct at (201)218-6802.
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LISA & ROBERT HAMMERSTEIN
E-mail: Hammersteam@Number1expert.com
Web: http://www.hammersteam.com/
201-218-6802
201-315-8618
Re/Max Real Estate Associates
1-800-783-3690 ext.210
123 BroadwayWoodcliff Lake, NJ 07677
Equal Housing Opportunity
