http://www.glennsellsnj.com/25-Easy-Seller-Fixups

The August edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ real estate market activity and then we'll discuss how to avoid surprises as mortgage underwriters are refreshing credit scores prior to closing.
We also talk about how important it is for sellers to price their home correctly.

Features special guest Terri Murphy of US Learning. 

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

Web addresses mentioned in the show: Glenn Elliot's web site www.GlennSellsNJ.com and the selling video http://www.glennsellsnj.com/Importance-of-Correct-Pricing

Sellers Reset Their Expectations in the 2010 Real Estate Market

Who sets the tone and real estate values in the real estate market?  Some may think it to be the Realtors and some may think it to be the sellers, but in truth it is what the buyers in the market are willing to pay for real estate.  Sellers are resetting their expectations to be part of the continuing 2010 real estate market.

To be successful with a sale, sellers should step back and view their house as a commodity that is accepting to the market while depersonalizing their home and not viewing it with the natural attachments one would normally have.

Expecting a sales price that is reflective of a seller’s desires can be an expensive lesson that costs time and money as the house sits on the market unsold, while buyers simply move on to other houses on the market.

Ron Darby, Broker Co-owner of ERA Justin Realty, a “Top-100” ERA real estate brokerage nationwide shares 2010 statistics of the market. “Each day our highly trained staff of Realtor professionals share and educate our new sellers to the market with a comprehensive (CMA) comparative market analysis which is available at no cost and at no obligation.  Our CMA will compare the seller’s house with others that are currently on the market, those that have sold, and those that have expired which will give the seller a suggested asking price.  The distinct importance is that once the house is sold, it must appraise for mortgage financing, based on comparable sales that is public information and in our CMA report.  It is disappointing for all sellers to have their Realtor obtain a purchaser, enter into a contract and then have a qualified buyer disapproved for mortgage financing.  The transaction may then be canceled and the seller has lost time, effort and possibly a lower selling price for the next sale, if the market has continued to modify downward. If the recent sales are lower than they were two or three months ago, this indicates that prices are declining. This needs to be taken into account when you select a list price and the right Realtor.”

Continuing, Darby said, “One must pay close attention to market prices.  For a seller to believe that his house is better than the competition, while being very similar, and if both houses are too high for the market, neither will sell, adding to the extensive list of expired listings throughout Bergen, Passaic, Essex and Hudson counties. Houses needs to be perceived as a good value to a buyer to sell in this market.”

Experts state that houses are most marketable when new on the market. Buyers continually shop for new listings to the market. Listings that don't sell relatively quickly often languish on the market. Price reductions often follow as the sellers begin to understand how the market functions. A listing that has been on the market for months is likely to receive a lower offer.

A listing that receives a lot of showing activity when it first comes to the market but gets no offers is probably overpriced for the market. In this case, it's best to lower the price to market value as soon as possible while the listing is still fresh in agents and buyers minds, even if this is within two to four weeks of the listing date. The Realtor professionals at ERA Justin Realty can determine this, in conjunction with their sellers.

Darby concluded, “There is a difference in real estate companies, and we prove this every day. We have put nearly 800 testimonials from our satisfied buyers and sellers into our publication, ‘Real Estate Results In Writing,’ available to be viewed at anytime. We are here for you and want to be your Realtor.”

The June edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ area market trends and we'll promote the value and importance of home inspections as the summer selling season approaches.

We also talk about how important it is for sellers to price their home correctly.

Features special guest Terri Murphy of US Learning. 

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

The July edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ real estate market activity and then we'll highlight the savings and opportunities awaiting savvy buyers since mortgage interest rates have dropped into the mid-to-high-four percent range!

We also talk about how important it is for sellers to price their home correctly.

Features special guest Terri Murphy of US Learning. 

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

The May edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ real estate market activity and then we'll promote responsible upgrades and the tax credits available for home owners who invest in energy-efficient systems and improvements. 

We also talk about how important it is for sellers to price their home correctly.

Features special guest Terri Murphy of US Learning. 

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

I have been "locked-up for good" as part of an MDA Lock-up. Click on the jailbird photo of me below or click Here to find out how you can help send kids with muscular dystrothy to camp this summer. Let's not let the kids down.

"US Government Adoption

In 1908 a U.S. Senator from Nebraska, Elmer Burkett, proposed making Mother's Day a national holiday at the request of the Young Men's Christian Association (YMCA). The proposal was defeated, but by 1909 forty-six states were holding Mother's Day services as well as parts of Canada and Mexico.

Anna Jarvis quit working and devoted herself full time to the creation of Mother's Day, endlessly petitioning state governments, business leaders, women groups, churches and other institutions and organizations. She finally convinced the World's Sunday School Association to back her, a key influence over state legislators and congress. In 1912 West Virginia became the first state to officially recognize Mother's Day, and in 1914 Woodrow Wilson signed it into national observance, declaring the second Sunday in May as Mother's Day.

The Fight Over Commercialization

The holiday flourished in the United States and flowers, especially white carnations, became very popular. One business journal, Florists Review, went so far as to print, “This was a holiday that could be exploited.” But the budding commercialization of Mother's Day greatly disturbed Jarvis, so she vociferously opposed what she perceived as a misuse of the holiday. In 1923 she sued to stop a Mother’s Day event, and in the 1930's she was arrested for disturbing the peace at the American War Mothers group. She was protesting their sale of flowers. In the 1930’s Jarvis also petitioned against the postage stamp featuring her Mother, a vase of white carnations and the word “Mother’s Day.” Jarvis was able to have the words “Mother’s Day” removed. The flowers remained. In 1938, Time Magazine ran an article about Jarvis's fight to copyright Mother's Day, but by then it was already too late to change the commercial trend.

In opposition to the flower industry’s exploitation of the holiday, Jarvis wrote, “What will you do to route charlatans, bandits, pirates, racketeers, kidnappers and other termites that would undermine with their greed one of the finest, noblest and truest movements and celebrations?” Despite her efforts, flower sales on Mother's Day continued to grow. Florist's Review wrote, “Miss Jarvis was completely squelched.” Anna Jarvis died in 1948, blind, poor and childless. Jarvis would never know that it was, ironically, The Florist's Exchange that had anonymously paid for her care."

Again Happy Mother's Day to all of the Mom and Grandmothers out there. I love you Mom!!

 As the National Association of Home Builders reports "the law provides qualified service members who served on official extended duty outside of the United States for 90 days or more at any time between Jan. 1, 2009, to April 30, 2010, another year to buy a home and claim the credit. They have until April 30, 2011, to sign a sales contract, and until June 30, 2011, to settle and close on the home. Both the $8,000 first-time and $6,500 repeat home buyer tax credits are included in the rule."

Qualified service members are defined as a member of the uniformed services of the United States military, a member of the Foreign Service of the United States, or an employee of the intelligence community, says the NAHB.

There's more information here. 

To search for listing now, go to http://www.glennsellsnj.com/Search-Listings . I have encluded details of my listings below.

Also, the Record had a good Q & A about the credit (with a very bad headline because the process really isn't complicated). You can view this article here (http://www.northjersey.com/realestate/91330754_Home_buyer_tax_credits_have_complicated_rules.html?page=all)

If you are looking for a house, call me now at 201-939-7500 x 222 or my toll-free cell 1-877-85-Glenn (1-877-854-5366) while there is still time.

The counter below shows the amount of time left!!

To search for listing now, go to http://www.glennsellsnj.com/Search-Listings . I have encluded details of my listings below.

Also, the Record had a good Q & A about the credit (with a very bad headline because the process really isn't complicated). You can view this article here (http://www.northjersey.com/realestate/91330754_Home_buyer_tax_credits_have_complicated_rules.html?page=all)

If you are looking for a house, call me now at 201-939-7500 x 222 or my toll-free cell 1-877-85-Glenn (1-877-854-5366) while there is still time.

The counter below shows the amount of time left!!

The March edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ real estate market activity and then we'll promote the opportunity and value of home ownership to current renters!  We also talk about how important it is for sellers to price their home correctly.

Features special guest Terri Murphy of US Learning. 

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

Here is my February Rutherford NJ Real Estate Podcast.To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

You you would like to mke a donation to help send a child with Muscular Dystrophy to summer camp, send a check payable to MDA to ERA Justin Realty, 118 Jackson Ave, Rutherford, NJ 07070 or click here to donate by credit card. Thank you from me and the kids.

The truth about short sales

After viewing the video, visit http://www.FederalHousingTaxCredit.com for more details