Thursday, December 29, 2011

Anyone looking for a furnished rental? 10th & Washington - $2,500/month





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Powered by vFlyer.comEqual Housing OpportunityVFLYER ID: 58859001

All information in this site is deemed reliable but is not guaranteed and is subject to change




This furnished rental will be available April 1st. Know anyone who is looking?  Minimum 6 month lease.

This is my personal property and is not advertised through the Hudson County MLS nor Prudential Castle Point Realty.  Owner is a licensed real estate agent.

Call me if you are interested:

Donna Antonucci
201-240-6832
donna@donnaantonucci.com

Wednesday, December 28, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 01/01/2012




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Tuesday, December 27, 2011

Severe Weather - 6 Hour Rain Storm - How much will the new pump Mitigate flooding?

High tide is at 10:29 tonight.  It's been raining since about 4:00 PM today and still raining.  Low water will be at 4:32 AM and then high again at 10:43 AM tomorrow.

Let's see what the streets are like in the morning.


Information Provided by Donna Antonucci
Prudential Castle Point Realty
203 Washington St.
201-240-6832

donna@donnaantonucci.com
www.hobokenrealestatemonitor.com

Saturday, December 24, 2011

Consumer Price Index - Hoboken has rent control - How much can a Landlord increase the rent upon lease renewal?


Landlords:  Be aware that Hoboken has a rent control ordinance.  You are allowed to increase the rent each year based on the CPI.  The chart above has been supplied by Hoboken's Rent Leveling Department.

You also need to issue your Tenant a disclosure that makes them aware Hoboken has a rent control ordinance.  They have 2 years from the time that disclosure is signed to make a complaint of overcharge in rent.  After the 2 years, if they discover they were overcharged they can make you roll the rent back to what it should have been but they cannot back overpayments.

Consult an attorney on all legal matters....

To learn more read Hoboken's rent control ordinance itself.  Click here to see the ordinance.

Information Provided by Donna Antonucci
Prudential Castle Point Realty
203 Washington St.
Hoboken, NJ  07030

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com
201-240-6832






Donna Antonucci Hoboken Real Estate






Donna Antonucci Hoboken Real Estate








Donna Antonucci


Donna Antonucci





Monday, December 19, 2011

Happy Holidays from Hoboken Real Estate Monitor.com

How can you tell if it's a Buyers or Sellers Market?



Many people have opinions on the state of the housing market, but the easiest way to understand current and future conditions is to monitor the movements in the real estate absorption rate. Mathematically, this is the measurement of Current Active listing in the market divided by the NO. of listings Sold in last week.

A simpler way to express the definition of the real estate absorption rate is to say it is the number of weeks that the market will need for the foreseeable future. As you can see in table in week 1 of 2011 Market needs 189 weeks to sell all the active listings. In second week of 2011 Market need 75 weeks to sell all the active listings.

So how do we put this into perspective. Consider this: The typical home seller would like to move within two to four months of placing their home on the market, so over time, we have developed expectations in real estate and have defined situations as follows:

  •     Sellers Market: 1-40 Weeks supply of homes
  •     Neutral Market: 40 to 50 Weeks supply of homes
  •     Buyers Market: More than 50 Weeks supply of homes
  
As shown in table, Week 1 to week 13 Inventory was high and sales was low. That was Buyers Market period.




13 to 23rd week Inventory was almost same but sales was high. That was Sellers Market period.


 
33 to 43rd Week Inventory were normal and sale was normal. That was Neutral Market period. 

 
In the real estate graph above, Current active listings is measured in Blue, Weekly sales in red, and the green vertical bars show the real estate absorption rate. In the simplest sense, this means if nobody puts another home on the market ever again, we still have enough for sale to satisfy all buyers for the next year! That is a lot, and I suspect more will be hitting the market over the next year.


As Shown in table, Week 1 to week 23 Inventory was high and sales was low. That was Buyers Market Period.  

 
In the real estate graph above, Current active listings is measured in Blue, Weekly sales in red, and the green vertical bars show the real estate absorption rate. In the simplest sense, this means if nobody puts another home on the market ever again, we still have enough for sale to satisfy all buyers for the next year! That is a lot, and I suspect more will be hitting the market over the next year.

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/


Thursday, December 15, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 12/18/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Wednesday, December 7, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 12/11/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Wednesday, November 30, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 12/04/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Wednesday, November 23, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 11/27/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Monday, November 21, 2011

Gobble Gobble, It's Thanksgiving!...Gobble Gobble






Happy Thanksgiving from Hoboken Real Estate Monitor.com

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com
hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Wednesday, November 16, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 11/20/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/
http://www.donnaantonucci.com/



Thursday, November 10, 2011

Weekly Updates - Open House and New Listings Map for JC Downtown & Hoboken by HobokenRealestateMonitor.com 11/13/2011




We will be checking Craig's list, realtor sites, the MLS again later in the week so check back.

We now have listings for For Sale by Owner and Non-Internet listings in the private view of the map.  Sign up today and get the most complete, easy to use open house and new listings map covering both Hoboken and downtown Jersey City. If you get a listing on the private view that lacks a link look on the right for the For Sale By Owner and Non-Internet Listings icon.  We will be integrating this over the next week or so.


Hoboken Real Estate Monitor's Open House Map

Walk around Hoboken on a Saturday or Sunday afternoon, looking at real estate. Get an idea of what your dollar can buy, in what part of town, with what amenity level. The map is refreshed through Thursday afternoon so be sure to stop by again before your weekend search. Sort by price, number of bedrooms or day of week! By subscribing, you will be able to not only get the basics - price, number of bedrooms, and street location but will get the unit number, and the full Multiple Listing Service listing with photos, square footage and more. . . .

Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832


donnaantonucci@gmail.com

hhttp://www.hobokenrealestatemonitor.com/

http://www.donnaantonucci.com/



Wednesday, November 9, 2011

Rent Control Referendum Fails.... Amendment Changes Passed Unanimously in April Go Into Effect



Just in case any of you missed what was going on... back in April the City Council unanimously passed an Ordinance the amended Hoboken's Rent Control Ordinance to add better controls and limits to rent control disputes back in April.  A group of long term Tenants challenged it by getting enough petition signatures within the requisite time from when the amendments passed to put the question to a public vote by way of referendum.

The question on the ballot was asking 'do you wish to reverse the April changes'?  The public answered with a resounding "NO".


The changes in April in a nutshell were as follows:

The amendment reset the base year from which rent increases were calculated from 1981 to 1985 based on the belief that the amendment that went into effect in 1981 lacked an adequate registration process opening up the Ordinance for lack of clarity on what was the proper base rent - ie  if someone didn't properly record the 1981 rent, how could it be enforced?

The amendment in April also required Landlords to provide a disclosure, disclosing that Hoboken has a rent control Ordinance giving the Tenant 2 years to investigate and file a claim of non-legal rent.  That is, the Landlord has to inform the Tenant that rent control exists and the Tenant has 2 years to put in a claim that they were over charged.  In the event the Tenant does not act in that period, he/she can file a claim and have the rent rolled back to the proper amount but cannot collect overpayments.

The way the original Ordinance was written the word "Tenant" was not limited to who was in the apartment at the time the claim was made but included all Tenants back to the point where a proper rent was documented and charged.  For example, if a Tenant files a claim of overpayment and he was in the apartment for let's say, 13 months but a legal rent has not been charged or documented for 10 years spanning 5 Tenants, under the old Ordinance, the current Tenant was entitled to collect over payments not just for 13 months but 10 years and 5 Tenants back.  The amendment changes put in in April that will now be implemented prevent this win fall for Tenants and protect Landlords who may have unwittingly bought a property not knowing that rents have not been charged properly.

Part of the rationale was that a courts case involving the rent control ordinance showed that the city, at times, failed to keep proper records even though the Landlord could evidence in court that proper papers were filed.  There really was no sure fire way of being able to determine prior to purchase that proper rents were being charged.  These amendments attempt to amicably resolve the conflict created by poor city record keeping yet giving Tenants some recourse to act in a reasonable timeframe.

It also allows a landlord to use alternate proof other than having registered annual rents with the city, to prove the rental history.  Previously, you were suppose to fill out a form where you stated what rents your are charging.  If a Tenant moved out and the landlord were to move in and move out again the landlord could have raised the rent by 25% based on the vacancy decontrol rules.  Many landlords did not file this paperwork but increased the rent.  Because they had not filed the vacancy decontrol paperwork, the city would not give them credit for having lived in the unit and landlords were found to charged too much rent even though they had lived in the unit and had they only filed the form the rent charged would have been legal.  Landlord's can now use alternate proof such as fully executed leases. 

Keep original Lease copies.

I always tell my clients you want original lease copies at the end of the lease process.  I know people have scanners and fax machines and you can use that to receive a lease from a new Tenant in order to stop showing the property but in the end you want to make sure all parties have a fully executed lease copy.  This is a good reason why.  You need to hold onto your originals until you sell the property.

As soon as the new amendment is codified, I will update my rent control section on the lower right of the home page with the new ordinance.

Here are some prior articles on rent control.

As usual, information here is deemed reliable but not guaranteed.  Please consult an attorney on the interpretation of the law and all legal matters.



Proposed Rent Control Changes (Article posted prior to April 2011 Amendment)







Information provided by
Donna Antonucci
201-240-6832

donna@donnaantonucci.com


www.hobokenrealestatemonitor.com