UNION County NJ Blog

It is like we don’t pay enough tax! Home owners already pay a state transfer fee tax when they sell a home, plus the normal annual property tax, now the New Jersey government wants to create the property sales tax. It is a bill that if approved will allow the towns to charge sales tax to its home owners in the sale of a home.  Please visit the link below for more information and to voice your self against this madness.  

http://njhometax.com/Home.html 

Lets start by saying this, if you have being dreaming about stop being a tenant and becoming a home owner, if you’re emotionally ready for homeownership and have being waiting for the right entry point this is it, get serious. 

Interest rates are low house prices are down and there is plenty of homes for you to chose from, but you must act now before the inevitable interest rate rise wipe out your advantage. 

 As we see more homeowners defaulting in the mortgage payments we also see more homes for sale in a “sort sale”.
But what is a short sale?
In a nut shell it means when a property is sold for less than is owed to the bank.
If someone owes $450,000 for a home and is selling it for $400,000 the bank that have the lien on the property wants to get paid in full, unless it agrees to release the lien for less (it is a short sale)

More and more lenders are approving short sales as an alternative to foreclosure on the properties and to avoid having to take over and manage property.

The way banks look at,  it’s better take a cut on the pay off now than if the house goes into foreclosure, stay empty for some time, get damaged and have its value spiral downward before it’s auctioned on the courthouse.
It is an alternative to avoid foreclosure.

It seems that “How to Become a Millionaire” is a hot topic in the media lately, and as always, it sparks a competition among people, the race to the gold, or to the dollar.

With this kind of advertisement exposed by the media constantly, many people fall for the excitement of the quick results offered by those who represent this kind of business. In reality, there is someone out there making a lot of money, it’s not you or me, it’s really the people who live to talk and sell books with these topic who are getting rich. “How to become a Millionaire”, how to buy real estate with no money down and sell it to make a huge profit in a few months, or even on how to make millions investing on the stock market.

The reality is, these people who have become millionaires have worked hard for it, and they learned how and where to invest their money, there isn’t any legal short cut to it, it’s just hard work!

If what you are looking for is living in style and comfort, and still, don’t want to put all of your money in housing payments, than consider this.

Town house, condominium for sale in Union NJ. with direct bus to Manhattan, NYC stopping right at front gate.

This wonderful town house offers beautiful landscape surrounding, with young trees and walk ways, a community in ground pool, and club house, near abundance of shopping and dinning near by.

It has 2 bedrooms, 2 full baths, 2 walk-in in closet, plus a loft, could be used as home office, brand new kitchen appliances & laundry, brand new carpet, CAC and fire place, plus a gardener patio, it’s cozy, and it’s affordable, It’s also a New York City Commuter’s dream, about 30 min from NY port authority bus. Priced at $325,000

Click here for NYC Commuters looking to move to New Jersey

For many people the process of buying a home is a pleasant one, however there is always the chance of something not going as planned, and when it does, it creates a large headache to everyone involved. Just think about this example where you have given notice to your landlord that you are moving in a certain date because you are closing on your home purchase, and the landlord already rented your current home to someone else who will be moving in an specific date, even if you don’t close in that date you still have to move out because of the other person is moving in…  What a stress!   Many things like this can happen during a real estate transaction, which can turn the American dream in to a nightmare.