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Nutley, NJ Real Estate News

By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
For some Nutley homeowners selling in today’s market, the nominal value of their property will have declined since they bought their home. According to last month’s Zillow Negative Equity Report, the property value of 15.7 million homes is lower than the amount owed on their mortgages. Additionally, in the coming months and years, 1.6 million properties are likely to hit the market as distressed properties. The downward pressure on property values will persist while the market absorbs them.   However, it’s not all bad news. Those figures represent paper losses. For the great majority of homeowners, those property values will remain purely hypothetical. And the market has shown improvement recently, with home prices creeping upward from the previous lows.  Nonetheless, successful home se...
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
Homes for sale in Nutley New Jersey | Short Sales | Bank Owner All About Nutley New Jersey | Nutley School Ratings | Nutley Community Information View Larger Map
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
Homes for sale in Nutley New Jersey | Short Sales | Bank Owner All About Nutley New Jersey | Nutley School Ratings | Nutley Community Information View Larger Map
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
These days the words “bank owned homes” have become practically synonymous with a single word: “opportunity.”  With prices and mortgage rates this low, first time home buyers, investors and seasoned property owners alike are looking at a raft of buying options unlike any Nutley has seen in a very long time.   That option of buying a bank owned home has certainly opened a viable route for those looking to own a home at the fraction of what it cost just a few years ago. But not without a price:  the best Nutley bank owned home bargains are almost certain to fall into the ‘fixer-upper’ category.   When considering the purchase of one of our Nutley bank owned homes, I’ve found that my most successful clients have a few qualities in common:   -         patience – they wait until they’ve foun...
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
Surprises can be a lot of fun. Being blindsided when friends throw you a surprise birthday party is a fine example. Getting an unexpectedly large tax return is another. But when you’re about to close escrow on a new Nutley home, surprises are the last thing you need.   One of the most important services I provide as your experienced Nutley real estate agent is to be there to help you sail through the process of a surprise-less closing. Even so, it’s important for you to review some basics of the steps we need to accomplish in advance. I consider it ‘surprise insurance’ for a successful closing.   Financing   Proper financing is the first step in being able to close on the home you’ve just fallen in love with. Ideally, this was arranged before you even began looking at Nutley homes for s...
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
For those who are just about ready to list their Nutley house for sale this April, several simple yet cost-effective projects can be sure-fire buyer-pleasers. I am often asked to help my clients identify areas in their home that will benefit from improvements. I like to point to some simple changes that materially help a property’s ability to compete with any other house for sale in the Nutley area. Here are three of my favorite inexpensive fixes: 1. Painting walls in pale neutral colors. Freshly painted walls erase years of wear from any room. They send prospective buyers a subtle message: here is a home where your family can create your own memories. Neutral tones are important, too. While you may personally prefer rich or bright colors, potential buyers may not. Beyond ensuring that ...
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
When you choose the Nutley real estate agent who will be your home-marketing partner, you are choosing someone who will need to fill many roles: marketer, stager, tour guide, negotiator. And don’t leave out another role — psychology major!   To build our kind of successful track record, a real estate agent needs to study and understand the way prospective buyers think about their search for a future home, how they are likely to react to different forms of presentation, and what builds or detracts from the value they assign to your property. It’s psychology, all right — and it’s usually an integral part of any sales or marketing success.   A good example of how psychology can affect a real estate transaction comes from a study done at the University of Texas. There they have a Real Estat...
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By Matthew DeFede, Top Broker in Nutley New Jersey
(Realty Executives Elite Homes)
With more than 1,000,000 members the National Association of Realtors® is the nation’s largest trade association. It’s no wonder that what it says carries a lot of weight. When a gargantuan outfit like NAR makes a prediction, its words may not always make headlines, but they do influence everyone whose job it is to forecast the future of the nation’s economic activity.   That’s why their most recent report dealing with pending home sales put smiles on many of those one million members’ faces.   “The spring home buying season looks bright,” according to Chief Economist Lawrence Yun. “If activity is sustained near present levels, existing-home sales will see their best performance in five years.”   Like all statistics, those he was describing can be looked at in more than one way. We know...
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