8-Units Mixed-Use Investment Property for Sale in Paterson, NJ

8-Units Mixed-Use Investment Property for Sale in Paterson, NJ

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8-Units Mixed-Use Investment Property for Sale in Paterson, NJ

 
Property Highlights:

This 8-Units Mixed-Use Investment Property for Sale in Paterson, NJ consists of four residential 4 two-bedroom apartments and four ground-level commercial units. great property, extremely well maintained, 4 residential units built approx. Thirty years ago, all utilities were separate, including gas baseboard heating, and the property featured a two-lot configuration with on-site tenant parking.

First time offered for sale, this well-maintained 8-unit mixed-use property in Paterson, New Jersey, presents a strong income opportunity with upside potential. Conveniently located near shopping, NYC transportation, and major area highways, this asset is ideal for investors seeking stable cash flow and long-term appreciation.

The property consists of four (4) second-floor two-bedroom residential apartments and four (4) ground-level commercial units. The residential units feature modern, open layouts with living rooms, kitchens, two spacious bedrooms, and full bathrooms. All apartments have separate utilities and gas baseboard heating. Residential rents are currently month-to-month at $1,200 per unit, which are below market, offering immediate value-add potential.

 

8-Units Mixed-Use Property in Paterson, NJ  CLICK THIS VIDEO FOR SOME PICTURES OF THE PROPERTY

 

 

This 8-unit mixed-use investment property in Paterson, New Jersey, consist of:

 

The first floor includes four (4) commercial spaces:

  • Vacant upholstery shop (approximately 2,000 SF) currently offered at $2,000/month, featuring a 12-foot overhead door

  • Karate/Gym facility with office and second-floor room with restrooms, rented at $1,650/month

  • Tire shop, rented at $1,280/month

  • Auto repair shop, rented at $1,680/month

  • Total Commercial Income: $79,320 annually

 

 

 

The second floor includes four (4) Residential Units:

2-Bedroom Apartments, $1,200 per unit/M (Month-to-Month leases, under market), in great condition. Total Residential Income: $57,600 annually

 

Total Gross Income: $136,920 annually, Taxes: $29,560

 

 

Investment Highlights:

•Under-market residential rents • Mixed-use income diversification

•All Separate utilities • Very well maintained in a convenient location near transportation

• No known environmental issues, and value-add upside through rent normalization and lease-up.

 

 

The property is comprised of two separate lots:

  • 384–386 River Street – smaller lot dedicated to tenant’s parking

  • 386–390 River Street – main mixed-use structure

The asset is very well maintained, in good condition, and requires minimal or no initial investment to cover deferred maintenance. with stable paying tenants, and under-market residential rents which are in a month to month basis allowing new owners to adjust rents closer to fair market value (FMV), and a vacant commercial unit ready for lease-up, this property offers strong in-place income with upside potential. and the Sale subject to existing tenancies.

 

Offered at: $1,500.000

 

FOR MORE INFO CONTACT: 

ROBERTO A. SANCHEZ – UNITED REAL ESTATE-SANCHEZ REALTY GROUP  973-216-1945 

Automotive Repair Facility & Commercial Property in Passaic, NJ.

Automotive Repair Facility & Commercial Property in Passaic, NJ.

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Automotive Repair Facility & Commercial Property in Passaic, NJ

 

 

Established Automotive Property with Long-Term Operating History

This post provides an overview of a long-established automotive repair facility and associated commercial real estate located in Passaic, New Jersey. This Automotive Repair Facility & Commercial Property in Passaic, NJ, has supported automotive operations for over 30 years and is configured for continued use as an automotive service facility, making it well-suited for owner-operators or long-term commercial real estate investors.

The combination of location, existing infrastructure, and long-standing use makes this a compelling opportunity for those evaluating automotive-configured commercial properties in North Jersey.

 

Property Overview

  • Approximate Building Size: 7,500 square feet

  • Service Bays: Four (4) enclosed garages

  • Additional Equipment: Outdoor heavy-duty lift

  • Improvements: Updated automotive lifts and service equipment

  • Parking & Storage: On-site capacity for 25+ vehicles

  • Interior Features:

    • Office areas

    • Restrooms

    • Two additional flexible-use rooms suitable for storage or administrative use

  • Security: Fully fenced and secured lot

The existing layout and improvements support efficient automotive operations while offering flexibility for future ownership strategies.

 

Location Highlights – Passaic, New Jersey

The property is located in Passaic, NJ, a dense and well-established North Jersey market with consistent demand for automotive and commercial services.

Location benefits include:

  • Proximity to major roadways

  • Access to public transportation

  • Strong local visibility

  • Central positioning within the Passaic and greater North Jersey area

These factors contribute to long-term operational viability and make the property attractive to both local operators and commercial real estate investors.

 

Investment Considerations

From an investment perspective, this property offers several notable characteristics:

  • Long-standing automotive business for over 3 decades

  • Potential for an auto dealer, DMV facility for additional income streams

  • Functional layout, easy to expand, newer equipment in good condition

  • No environmental issues known

  • OWNER FINANCING possible

  • Suitable for both commercial/residential apartment buildings as well.

This opportunity is best aligned with buyers seeking functional, income-supportive commercial real estate rather than speculative redevelopment.

 

Additional Information

Additional details regarding the property configuration and operational background are available upon request.

 

 

Presented by

Roberto A. Sanchez
Sanchez Realty Group at United Real Estate
📞 973-216-1945
Small Income Property Analysis

Small Income Property Analysis

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Doing Small Income Property Analysis and educating income property buyers and small investors on how to do small-income property analysis on the potential income of small investment properties should be an important trait of a real estate professional.

We also assist home buyers and investors interested in purchasing multi-family properties to create passive income through rentals and create equity over time.

This Small Income Property Analysis information video could assist the beginner investor with the basics analysis to make a better-informed purchase.

There are several approaches and analysis methods investors utilize to make sure they’re making a sound decision.

These simple methods quickly tell you if the property meets your investment objectives whether they’re smaller investments; 2-4 units or larger properties.

I’m Roberto A. Sanchez with United RE and the Sanchez Realty Group, I’ll explain some of the most common methods used to analyze a property.

For the sake of this illustration we will use a 2-unit property with a purchase price of $300,000 and a rental income of $3,000 a Month.

 

 

These 4 Analysis Methods are Most Commonly Used:

 

 

1st  Net Operating Income:

Gross Rental Income – Operating Expenses

Ex:  $3,000 x 12 months (Income)  – $11,000 (Expenses) or  $36,000 – 11,000 or $27,000 NOI  (Net Operating Income – Before Mortgage)

 

2nd Cap Rate:

Net Operating  Income / Total Purchase Price

Ex:  $27,000 / $300,000 = 9% Cap Rate

 

3rd 1st One Percent Rule:

Monthly Gross Rent >= 1 % of Total Purchase Price

Ex:  $3,000 >= 1% of $300,000 = $3,000

 

4th Net Income After Mortgage (NIAM)

Net Operating Income – Mortgage or Finance Costs

$27,000 – $12,900 (Principal + Interest) = $14,100 (NOI)

 

 

4th Cash on Cash Return (CoCr or COC):

Net Income After Mortgage / Down Payment

Ex: $14,100 / $75000 = 18% COC

 

Other Methods are:

 

The Gross Rent Multiplier:

Total Purchase Price / Yearly Gross Rent

Ex:  $300,000 / $36,000 = 8.3

 

The 50% Rule:

It estimates the NOI at 50% of Gross rents

Ex: $36,000 yearly GR x 50% = $18,000.

 

 

Counties/Towns with Investment Properties

in Northern New Jersey

Bergen County Multifamily Properties

Morris County Multifamily Properties

Passaic County Multifamily Properties

Union county Multifamily Properties

Any Questions? Contact Us

Essex County Multifamily Properties

Sussex County Multifamily Properties

Capital Gains Taxes?

Capital Gains Taxes?

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Capital Gains Taxes?… How to Sell a Home Without Paying Capital Gains Tax: What Home Sellers Need to Know

If you’re planning to sell your home, you may be wondering how to avoid capital gains taxes. Understanding the rules and available exemptions can save you thousands of dollars and help you keep more profit in your pocket. While taxes can be complex, there are clear ways you can reduce or eliminate your capital gains liability when selling a home. In this blog, we’ll break it all down in plain language, focusing on what homeowners in Clifton, NJ, need to know.

Before we begin, a quick disclaimer: This blog is for informational purposes only and does not constitute tax, legal, or financial advice. Always consult a tax professional, CPA, or attorney for guidance specific to your situation.

What Are Capital Gains Taxes?

When you sell a home, the IRS considers the profit you make from the sale as a “capital gain.”  Capital gains taxes are simply the difference between the amount you paid for the home (your cost basis) and the amount you sold it for (your sale price).

For example:

  • If you bought your home for $200,000 and sold it for $400,000, your capital gain is $200,000.

Capital gains are taxable, but there are exceptions and exclusions specifically designed to help homeowners reduce or eliminate these taxes.

The Home Sale Exclusion Rule

The good news for homeowners is that the IRS offers a generous Home Sale Exclusion, also known as the Section 121 Exclusion. This rule allows you to exclude up to:

  • $250,000 of capital gains if you are a single filer.
  • $500,000 of capital gains if you are married and filing jointly.

For many homeowners, this means you may owe no taxes at all on the sale of your primary residence. However, you must meet certain criteria to qualify for this exclusion.

How to Qualify for the Home Sale Exclusion

To claim the exclusion, you must meet two key requirements:

  1. Ownership Test: You must have owned the home for at least two years during the five years leading up to the sale.
  2. Use Test: You must have used the home as your primary residence for at least two of the last five years.

If you meet both the ownership and use tests, you can take full advantage of the exclusion limits.

Example: Let’s say you bought your Clifton home for $300,000 and sold it for $600,000. If you are a married couple filing jointly, you can exclude up to $500,000 of the gain. That means you won’t owe any capital gains taxes because the $300,000 gain is fully excluded.

Partial Exclusion for Special Circumstances

If you don’t meet the full ownership and use tests, you may still qualify for a partial exclusion of capital gains. Special circumstances include:

  • A job relocation (moving more than 50 miles away).
  • Health-related reasons.
  • Unforeseen events, such as divorce or natural disasters.

Even if you’ve only lived in your home for a short time, it’s worth exploring whether you can claim a partial exclusion.

Example: You lived in your home for just 18 months before accepting a job relocation. While you don’t meet the two-year requirement, you may still qualify for a prorated exclusion based on the time you lived in the home.

How Improvements Impact Your Capital Gains

Did you know that home improvements can reduce your taxable gain? The IRS allows you to add the cost of qualifying capital improvements to your home’s cost basis. This effectively reduces the amount of your capital gain.

What Counts as a Capital Improvement?

Capital improvements include any upgrades that:

  • Increase the value of your home.
  • Extend the useful life of your home.
  • Adapt your home for new uses.

Some examples include:

  • Adding a new roof, deck, or swimming pool.
  • Installing a new HVAC system or windows.
  • Renovating the kitchen or bathrooms.
  • Adding a home office or converting an attic or basement into living space.

Example: You purchased your home for $250,000 and spent $50,000 upgrading the kitchen and adding a deck. When you sell the home for $400,000, your cost basis is now $300,000 ($250,000 purchase price + $50,000 improvements). This reduces your capital gain to $100,000 instead of $150,000.

Keep Records of Improvements

To take advantage of this rule, keep detailed records of all improvements, including receipts, invoices, and permits. This documentation will be invaluable when calculating your cost basis and minimizing your taxable gain.

Pro Tip: If you’re planning to sell your home in the next few years, consider making strategic upgrades that not only boost your home’s value but also reduce your taxable gain.

Avoiding Capital Gains Taxes When Selling an Inherited Home

If you’ve inherited a home, the capital gains calculation is different. Instead of using the original purchase price as the cost basis, the IRS allows you to use the home’s fair market value (FMV) at the time of inheritance.

This is called a stepped-up basis, and it significantly reduces your capital gain.

Example: If your parents bought a Clifton home for $150,000 years ago and you inherit it when it’s worth $500,000, your cost basis is now $500,000. If you sell the home for $510,000, your capital gain is only $10,000.

This rule is particularly helpful for heirs who plan to sell an inherited property quickly.

Special Note for Multiple Heirs

If multiple people inherit a home (e.g., siblings), the stepped-up basis applies proportionally to each heir’s share. For example, if you inherit half of a $500,000 home, your stepped-up basis is $250,000.

Strategies for Reducing Capital Gains Taxes

If you anticipate a significant capital gain on your home sale, here are additional strategies to minimize your tax liability:

  1. Timing Your Sale: If you’re close to meeting the two-year ownership and use tests, consider delaying the sale to qualify for the full exclusion.
  2. Renting Before Selling: If you’ve used the home as a rental, you may still qualify for the exclusion if you meet the ownership and use tests.
  3. Offset Gains with Losses: You can offset capital gains with losses from other investments (known as tax-loss harvesting).

Consult a Tax Professional

While there are clear strategies for avoiding or minimizing capital gains taxes, every homeowner’s situation is unique. Tax laws are complex and constantly evolving, so it’s important to work with a qualified tax professional or CPA. They can help you:

  • Calculate your cost basis accurately.
  • Determine your eligibility for exclusions.
  • Plan your sale to minimize taxes.

At Sanchez Realty Group, we specialize in helping homeowners navigate the selling process in Clifton, NJ, and surrounding areas. While we can’t provide tax advice, we can connect you with trusted local professionals who can.

Final Thoughts

Selling a home without paying capital gains taxes is possible if you take advantage of the IRS rules, exclusions, and deductions available to you. By understanding the Home Sale Exclusion, tracking your capital improvements, and working with qualified professionals, you can keep more of your hard-earned profits.

If you’re thinking about selling your home in Clifton or Fairlawn, NJ, the team at Sanchez Realty Group is here to help. We’ll guide you through every step of the process and ensure you have the resources you need to make informed decisions.

Ready to Sell Your Home?

Contact Roberto A. Sanchez and the team at Sanchez Realty Group today. Let us help you make your next move with confidence and clarity!

 

Clifton Market Report – July 2021

Clifton Market Report – July 2021

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Clifton Market Report – July 2021

Clifton Market Report July 2021

 

(Clifton Market Report – July 2021 According to the GSMLS in Clifton)

f your home is in a different location and you’d like your home’s accurate value for your town/neighborhood, call/text or email us.

Clifton RE July 2021

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 63 Homes

Media SOLD Price: $ 440,000 Median LIST Price: $425,000

Days on Market: 19

Sale to List Ratio: 102.8

Clifton RE June 2021

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 61 Homes

Median SOLD Price: $ 450,000 Median LIST Price: $ 414,500

Days on Market: 20

Sale to List Ratio: 102.9

Us: rsanchez@robsrealtor.com.

Market Highlights According to NAR (Nat’l Assoc of Realtors)

** New Listings Continue to Increase Over May and June- A Welcome Sign

** Early Signs of Moderation Appear in Lightning-Fast Market

** Listing Price Growth Continues to Moderate

** Buyers Moderation (Fatigue) is in Play due to Fast Price Appreciation, Low Inventory and Record Days on the Market, Start-up Buyers unable to Compete.

This is Still a Great Time to Sell and the Northeast is Still the Strongest Region in the Country.

Call/Text or Email Us for an Accurate, No-Guesstimates Value of your Property:

Sanchez Realty Group at United RE: 973-216-1945 or Email: rsanchez@robsrealtor.com.

Homes For Sale in Clifton by Price Range

$100,000 – $200,000

$500,000 – $600,000

$200,000 – $300,000

$600,000 – $700,000

$300,000 – $400,000

$700,000 – $800,000

$400,000 – $500,000

$800,000+

Search For Any Properties in New Jersey

Clifton RE Market – May 2021

Clifton RE Market – May 2021

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Clifton RE Market – May 2021 vs May 2020

 

Clifton RE – May 2021

(According to the GSMLS in Clifton)

Clifton RE May 2021

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 59 Homes

Median SOLD Price: $ 420,000

Days on Market: 14

Sale to List Ratio: 104.2

VS

Clifton RE May 2020

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 37 Homes

Media SOLD Price: $ 380,000

Days on Market: 19

Sale to List Ratio: 100.6

INCREASE: 10%

May 2021 continues to show strength in the Real Estate market, although this report is based on the Clifton RE, most towns in North New Jersey are experiencing the same surge in prices and it does not look like the lack in available homes will ease up the buyers demand and desire to land a property under contract creating multiple offer situations and therefore moving prices higher.

  • REMEMBER: RE is about the 3 P’s; Presentation, Promotion(Exposure) and Price.

Call us for a FREE, NO OBLIGATION consultation.

Roberto A. Sanchez

973-216-1945

 

May STATS according to New Jersey Multiple Listing Service:

As the weather warms and pandemic restrictions ease across much of the
country, the U.S. housing market shows little sign of cooling. Robust buyer
demand, fueled by low mortgage rates, continues to outpace supply, which
remains near historic lows. Nationwide, inventory remains much lower than it was
at this time last year, and sales prices are surging as a result.

• Single Family Closed Sales were up 39.2 percent to 1,105.
          • Townhouse-Condo Closed Sales were up 125.1 percent to 493.
         • Adult Communities Closed Sales were up 180.0 percent to 14.
                      • Single Family Median Sales Price increased 16.5 percent to $555,000.
                              • Townhouse-Condo Median Sales Price increased 2.9 percent to $360,000.
                                • Adult Communities Median Sales Price decreased 7.9 percent to $327,000.

With such limited supply of existing homes to purchase, all eyes are on home
builders to provide a much-needed boost of inventory to the market to help meet
buyer demand. However, increasing material and labor costs, along with supply
chain challenges, have contributed to significantly higher construction costs, with
builders passing these costs on to homebuyers. And while the warmer
temperatures, rising sales prices, and the reopening of the economy may draw
more sellers to the market, historically low levels of homes for sale are likely to
continue for some time.

Homes For Sale in Clifton by Price Range

$100,000 – $200,000

$500,000 – $600,000

$200,000 – $300,000

$600,000 – $700,000

$300,000 – $400,000

$700,000 – $800,000

$400,000 – $500,000

$800,000+

Search For Any Properties in New Jersey

Clifton RE 1st Qtr 2021 vs 2020

Clifton RE 1st Qtr 2021 vs 2020

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1st Quarter 2021 vs 2020

The 1st Quarter of 2021 is Experiencing a Surge in the Real Estate Market Like Never Before.

Clifton RE 1st Qtr 2021 vs 2020

1st Quarter of 2021 median sales price for Clifton was $ 400,000 with 188 homes SOLD and 101 Sale to List Price Ratio and 23 days on the market.

Compared to 1st Quarter of 2020 with a median sales price of also $345,000, with 108 homes SOLD 99.8 Sale to List Price Ratio and 39 days on the market.

1st Quarter of 2021: Experienced 16% Increase Over Same Period of 2020

That’s Great NEWS, Whether You’re Thinking to Sell or Someone You Know Who May, Please Help Us Get a Family Their New HOME!

WHAT TO EXPECT IN 2021!?

Interest rates ticked up a bit higher but still at historical lows and lack of homes available for sale is creating multiple offer situations and therefore price increases throughout the country.

The Northern New Jersey market as well is experiencing a strong buyer traffic and homes are going under contract in record time (usually (3-10 days) with multiple offers and in some cases way over asking.

Several points to consider:

  • In Clifton as well as other towns and neighborhoods are experiencing a shortage of homes for the anxious and desirous buyers, it’s a market still good for move-up buyers and those homeowners usually enjoy substantial gains in appreciation in the last few years which help to entice sellers when purchasing another home by affording better terms and conditions.

 

  • The Federal Housing Finance Agency is extending the assistance to homeowners wih loans backed by Fannie Mae and Freddie Mac currently in forebearance to receive another 3 months extending the Covid19 assistance to 18 months.

 

  • The expected increase of buyers traffic (60.7% higher than same period last year per showingtime.com) for the foreseeable future (2021) due to buyers looking for a more suburban lifestyle, more outdoor/indoor space, more room to breath in the outskirts of bigger cities, especially now that working remotely has and is becoming the new norm.

 

  • REMEMBER: RE is about the 3 P’s; Presentation, Promotion(Exposure) and Price.

Call us for a FREE, NO OBLIGATION consultation.

973-216-1945

Homes For Sale in Clifton by Price Range

$100,000 – $200,000

$500,000 – $600,000

$200,000 – $300,000

$600,000 – $700,000

$300,000 – $400,000

$700,000 – $800,000

$400,000 – $500,000

$800,000+

Search For Any Properties in New Jersey

RE REport for March 2021

RE REport for March 2021

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RE REport for March 2021

The 2021 Real Estate Market is Already Sizzling Hot

February 2021 median sales price for Clifton was $ 410,000 with 53 homes SOLD and 101.2 Sale to List Price Ratio and 23 days on the market.

Compared to February 2020 with a median sales price of also $338,750, with 34 homes SOLD  99.7 Sale to List Price Ratio and 56 days on the market.

 

If You or Anybody You Know is Thinking to Move on, NOW is the TIME!

RE REport for March 2021 and Compare February 2021 vs February 2020

     

FEB-2021                            FEB-2020

Median Price: $410,000                                      Median Price: $338,750

Days on Market: 23                                             Days on Market: 56

List-to-Sold Ratio: 101.2%                         List-to-Sold Ratio: 99.7

                          #of Units:  53                                                                     #of Units: 34

February 2021: OVER 20% Increase Over Same Period of 2020

That’s Great NEWS, Whether You’re Thinking    to Sell or Someone You Know Who May, Please Help Us Get a Family Their New HOME!

WHAT TO EXPECT IN 2021!? 

The continued rock bottom, historically low-interest rates in spite of the slight increases last couple of weeks and strong buyer traffic with better weather conditions which seems will hold through the end of the Winter and start of Spring, which is traditionally the start of the busiest home shopping season in the Northeast.

Several points to consider:

    • In Clifton as well as other towns and neighborhoods we’re experiencing a shortage of homes for the anxious and desirous buyers, it’s a market still good for move-up buyers and those homeowners usually enjoy substantial gains in appreciation in the last few years which help to entice sellers when purchasing another home by affording better terms and conditions.
    • The Mortgage bankers association estimate 2.7 million homeowners are still in forbearance and might come up in the market later on mostly as traditional sellers given the strong appreciation in the last few years, however, it would not be surprising to see some short sales and even foreclosures later in the year.
    • The expected increase of buyers traffic (60.7% higher than same period last year per showingtime.com) for the foreseeable future (2021) due to buyers looking for a more suburban lifestyle, more outdoor/indoor space, more room to breath in the outskirts of bigger cities, especially now that working remotely has and is becoming the new norm.

 

  • REMEMBER: Real Estate is about the 3 P’s; Presentation, Promotion(Exposure) and Price.

Call us for a FREE, NO OBLIGATION consultation.

Roberto A. Sanchez

973-216-1945

 

 

Do You Know What's Your Home Value?

This is the Best Possible Time to Sell if Thinking to Move.

 

 

Contact Us

12 + 13 =

 

Our Address Is:

18-19 River Rd, Fair Lawn, NJ 07410

Our Telephone:

888-501-6953 Ext. 254 or Cell: 973-216-1945

E-Mail:

Rsanchez@Robsrealtor.com

Signup For FREE Listing Updates

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s Alerts

 

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2021 RE Market Skyrocketing Up Already!

2021 RE Market Skyrocketing Up Already!

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2021 Real Estate Market Skyrocketing Already!

 

 

 

The housing market is already skyrocketing into 2021 so far. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for sale is down 25.7%. There are 360,000 fewer single-family homes for sale today than there were at this time last year. This increase in demand coupled with such limited supply is leading to more bidding wars throughout the country.

Rose Quint, Assistant Vice President for Survey Research with the National Association of Home Builders (NAHB), recently reported:

“The number one reason long-time searchers haven’t made a home purchase is not because of their inability to find an affordably-priced home, but because they continue to get outbid by other offers.”

A survey in the NAHB report showed that 40% of buyers have been outbid for a home they wanted to purchase. This is more than twice the percentage in 2019, which was 19%.

 

What does this mean for sellers today?

It means sellers have tremendous leverage when negotiating with buyers.

In negotiations, leverage is the power that one side may have to influence the other side while moving closer to their negotiating position. A party’s leverage is based on its ability to award benefits or eliminate costs on the other side.

In today’s market, a buyer wants three things:

  1. To buy a home
  2. To buy now before prices continue to appreciate
  3. To buy now and take advantage of historically low mortgage rates while they last

These three buyer needs give the homeowner tremendous leverage when selling their house. Most realize this leverage enables the seller to sell at a good price. However, there may be another need the seller has that can be satisfied by using this leverage.

Sellers must use these benefits to buyers wisely while negotiating the best terms and conditions during a sale to ensure a smooth transition while selling their home for the highest amount possible and under the best terms and conditions.

Check out for a new iteration of this content, if you like it please make sure you give us a LIKE and SUBSCRIBE..

Thank you!

 

​

 

 

Do You Know What's Your Home Value?

This is the Best Possible Time to Sell if Thinking to Move.

 

 

Contact Us

8 + 10 =

 

Our Address Is:

18-19 River Rd, Fair Lawn, NJ 07410

Our Telephone:

888-501-6953 Ext. 254 or Cell: 973-216-1945

E-Mail:

Rsanchez@Robsrealtor.com

Signup For FREE Listing Updates

BY EMAIL

Be First At The Opportunity

 

 

Do You Know What’s Your Home Worth Today?

s Alerts

 

WHAT’S YOUR HOME WORTH?

Learn, Prepare and Win!

In your Home Shopping Journey

Northern New Jersey Real Estate Market

Northern New Jersey Real Estate Market

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Northern New Jersey Real Estate Market

Clifton RE Market Report – 2nd Half 2019 vs 2020 

 

The Northern New Jersey Real Estate Market and specifically the town of Clifton RE Market Report – 2nd Half of 2019 VS 2020

Take a Look at Your Local Housing STATS (For Stats Pertaining to your Local Neighborhood, feel free to reach out)

Median Sold Price for Homes Sold ifrom July-December 2019

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 377

Median-Price – Median Sold Price – Sale to List Ratio – DOM

$ 359,000                $ 360,000                    100                       31

VS

Median Sold Price for Homes Sold ifrom July-December 2020

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 61

Median Price  – Median Sold Price  – Sale to List Ratio – DOM

   $ 398,500                 $ 400,000                    100                        20

Over 10% Increase

ABSORTION RATE:

Extremely low, in less than 2 Months all available homes would be gone if no other homes were listed, which is a great indicator of the market activity in a particular area, typically a over 5-6 months of inventory is consider a buyers market.

This is still an outstanding increase of value in just a year, in spite of the health crisis and the tremendous share of uncertainty in many areas of our lives, real estate still shows strength and resiliency in the face of continued concerns about the resurge of Covid-19 cases and virus strains.

WHAT TO EXPECT IN 2021!? 

The continued rock bottom, historically low interest rates, strong buyer traffic in spite of the past Holidays and now severe Winter season in the Northeast tells us its a great time to be a seller, these conditions have contributed to the continued rise of prices, which have been offset the increases in mortgage payments.

Several points to consider:

  • New construction permits by builder is much higher however, it will take some time for these homes to become available.
  • There might be an increase in listings due to homeowners in hardship looking to sell to avoid foreclosure.
  • Expected increase of buyers traffic (60.7% higher than same period last year per showingtime.com) for the foreseeable future (2021) due to buyers looking for a more suburban lifestyle, more outdoor/indoor space, more room to breath in the outskirts of bigger cities, especially now that working remotely has and is becoming the new norm.
  • After a period of continued uncertainty it might be the best time to sell higher in a high demand-less inventory market, attaining higher price with possible multiple offers and better terms/conditions.
  • REMEMBER: RE is about the 3 P’s; Presentation, Promotion(Exposure) and Price.

Call us for a FREE consulation.

 Have a great week and Prosperou, Peaceful and Healthy 2021

BE SAFE!

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Sellers Are Back!

Sellers Are Back!

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What we’ve been noticing is the housing index supply component, which checks the amount of homes that actually come on the market and tracks the amount of new listings, have been getting to the level of back in January, which is encouraging news for buyers.

 

However, due to the fluency of buyers coming from more densely populated areas like New York and the outskirts of New Jersey, we have more buyers than the amount of buyers that we typically have in the region, especially in the spring and the summer markets and although that’s encouraging news we still need more inventory.

What’s happening is for the sellers is a great market. Let me ask you, if you wanted to put your home on the market, would it be better for you to put it on a low inventory, more buyers, or in a higher inventory, same amount of buyers?

Perhaps the first will be a better option. So this is what’s happening right now. Many buyers are getting discouraged, unfortunately, because in many cases they cannot compete with the amount of available buyers that are putting more money down with better buying power and better terms and In many cases, homes are selling quickly and with over 10% of asking prices.

This obviously is a great seller’s market. If your home is presented well, it’s got the right exposure and it’s price, right? Most likely it might sell over asking price. So this is the time to consider whether you’re in defense, you’re a buyer seller or an investor. This is a great, great time to be a seller, for buyers is still affordable due to the historically low interest rates and more availability of loans if qualified.

Feel free to contact me if you need anything, if you want to get your value, feel free to reach out to us at (973) 216-1945. We’ll do it for you without any obligation or expect

 

 

Do You Know What's Your Home Value?

This is the Best Possible Time to Sell if Thinking to Move.

 

 

Clifton Real Estate Report – July 2020

Clifton Real Estate Report – July 2020

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Clifton Real Estate Report – July 2020

Clifton RE Market Report – JULY 2020.

Clifton Real Estate Report – July 2020, 1st half of 2020 vs 1st half of 2019

 

Take a Look at Your Local Housing STATS (For Stats Pertaining to your Local Neighborhood, Feel Free to Reach Out)

 

Real Estate Market Report – July 2020 (First Half of 2020 Vs First Half of 2019).

Homes Sold First Half of 2020 (JANUARY 1st – June 30th-2020)

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 207

Median-Price Median Sold Price Sale to List Ratio DOM

$370,000 $ 370,000 100% 30

Homes Sold First Half of 2019

Single Homes SOLD (Incl, Condo/Townhomes, Active Comm Homes): 309

Median Price Median Sold Price Sale to List Ratio DOM

$ 345,000 $ 339,000 98.7 33

 

Increased by 6.75% (2020 over 2019)

 

These Clifton Real Estate Report – July 2020, Gives us an overwhelming evidence of the surge in the real estate market locally and in Northern NJ that has been increased by the pent up demand created by the shelter-in-place during the traditionally busy spring market in the Northeast due to COVID-19 which at the same time we’re seeing has created a surge in traffic from City buyers looking for a more suburban-like lifestyle, more space and yard and literally some distance from their next-door neighbor.

In addition, interest rates at an all-time low have made it attractive for the wait and see buyers jump in the market, putting pressure in the already low inventory of homes, causing in many cases a bidding war that’s driving prices up and discouraging in many cases well-qualified buyers to increase their price range if possible.

Also, most buyers have had to take a more aggressive stand in their homeownership pursuit with the help of their real estate professional.

Now is a great time for those in the fence about selling within the foreseeable future.

Feel free to contact us via email/text or call for your personalized and accurate valuation, obviously with no OBLIGATION and with no waste of money or valuable time.

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See Recently SOLD Homes in your Neighborhood

See Recently SOLD Homes in your Neighborhood