Monday, April 30, 2012

Bankruptcy Laws Changed in 2005 - How can these changes effect your credit?



Top 10 Reason why people file for bankruptcy.... Click to Enlarge

In 2005 the Bankruptcy Abuse Prevention and Consumer Protection Act,  passed to filter out debtors who were supposedly exploiting the system by running up their lines and walking away even though this reason does not make the top 10 reasons why debtors claim bankruptcy.  

The legislation makes it much more difficult for debtors to claim bankruptcy.  A debtor has to make an income that is less than median in order to file for Chapter 7.  Above this income the debtor must prove that he can't afford to pay.


Debtors have shifted from filing a full bankruptcy (Chapter 7) to filing Chapter 13 where debt is just reorganized.  It means that debtors are not let off the hook but end up struggling over a longer period of time to pay off obligations.  Chapter 7 is when the debt is expunged and the debtor is relieved from paying the debt off at all.



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





Friday, April 27, 2012

JC Weekly Stats - April 25, 2012



JC Stats Public PDF

Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?



Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com

Thursday, April 26, 2012

Hoboken Weekly Stats - April 25, 2012





Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.
Hoboken Stats Public PDF

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?


Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com



Wednesday, April 25, 2012

Open House and New Listings Map from Hoboken Real Estate Monitor.com, April 25, 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, April 24, 2012

How to use Animal Prints to Liven Up your Interiors?



If you think animal prints in your home décor can only be in a bear skinned rug on the floor, think again! Animal prints in home décor can take your interiors from boring to exciting without changing the entire room. From furniture and textiles to simple table accessories, your space could benefit from having vibrant animal prints or try using it for accents in small quantities. Whichever you choose, animal prints will make you rethink the plain and everyday décor style. Here are a few ways to liven your interiors today.



Make animal print the center of attention: 

If you like big and bold décor, large animal print is right up your décor street! From large zebra stripes to large scaled giraffe prints, try using these in your area rugs and in your furniture. To keep your room from getting overly busy for the eye, choose which items you are going to use large print. For other décor in the room, pair solids and contrasting colors to balance out the boldness of the animal prints.

Ottomans, throw pillows and side chairs are a good place to start.



Art work can help the room stay sophisticated: 

If you are concerned that your space will feel like an African safari instead of a living room, tie your furnishings and art work together. Meaning, take your design cues from animal print paintings, photographs, and modern sculpture in your room. Visit home décor stores that have a large selection of imported wares from worldwide crafters and artisans. Often times you can find art work that looks authentic but luckily for you, costs half of the price!



Monochromatic color scheme made easier:

If you enjoy the clean and simple color scheme of white and black, but don’t want your interiors to feel stark and boring, animal prints are a perfect choice. Similarly for cheetah, and jaguar prints, choose a few colors to engulf your entire space with. Grab color inspiration from your favorite zebra print and then use those colors on your walls, flooring, and window treatment. It’s a modern twist on monochromatic décor styling for your space.



Mix and match:

Stripes, polka dots, and animal print? Sure! The trick behind mixing patterns is to unite them with color and keep the print small enough to enjoy, but not large enough to disrupt the eye. Mix patterns, solids, and unite them with neutrals to unite the entire space beautifully. If you’re uncomfortable with mixing and matching, purchase pieces one at a time, and grow the room as you see fit. There are no rules, except to exude comfort and welcoming interiors to your guests. Who would have thought animal prints could be so versatile?

From your simple lines of your furniture to the robust flavor of animal prints, your interiors can come alive with the presence of them. Look through your favorite home décor magazine animal print trends and see how designers think of new uses every day. If you love a furniture piece in the store, grab it and build your room around it. Doesn’t every great room start with an inspiration piece?

Hoboken Real Estate Monitor.com reader’s do you have animal print in your home décor? How did you use it without it overpowering the space? Leave your comments below.


Prudential Castle Point Realty
Donna Antonucci
201-240-6832

donna@donnaantonucci.com
www.hobokenrealestatemonitor.com
www.search.hobokenrealestatemonitor.com



Friday, April 20, 2012

JC Weekly Stats - April 18, 2012



























JC Stats Public PDF

Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?



Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com

Thursday, April 19, 2012

Hoboken Weekly Stats - April 18, 2012



Hoboken Stats Public PDF


Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?


Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com














Wednesday, April 18, 2012

Open House and New Listings Map from Hoboken Real Estate Monitor.com, April 18, 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/




Monday, April 16, 2012

Did you know that not all buildings in Hoboken are subject to rent control? Is yours exempt?



In 1988 and with an amendment in 1992 the State of NJ passed legislation that made certain buildings exempt from rent control if the builder made application for the exemption within a specific timeframe in relation to obtaining the certificate of occupancy.

The exemption applies to Industrial to Residential conversions and new construction completed after the 1992 amendment.

Are you in a new building?  Did your builder apply for the exemption?  Are you in an industrial to residential conversion like the Tea Building?  The Tea building is one of the buildings that did, in fact, make such an application.

Any unit that has this exemption is more attractive and/or valuable to all given how few are in Hoboken. If you are buying new construction, ask the building via attorney review if he applied for this exemption.  As to see his certificate.  Even if you intend to live in the unit, you never know and you don't know what the next buyer is going to want to do with the property.

Below is a list obtained from the Rent Leveling Office in Hoboken of all the buildings in Hoboken who made application within the requisite timeframe and obtained an exemption.


Hudson Tea was an Industrial to Residential Conversion post 1992


Below is a list obtained from the Rent Leveling Office in Hoboken of all the buildings in Hoboken who made application within the requisite timeframe and obtained an exemption.

These buildings can raise rents up to the state limit of 25%.  A Tenant always has the option of suing in court claiming a rental increase is "unconscionable" but other than that these can fluctuate at market.  



Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832












The construction office has records of other buildings that have this designation but do not compile it into a list that can be requested through the open public records act. The city is not required to create a report for you. You can only request existing documents

Even the Rent Leveling office cannot get the Construction Office to put a list together. As such it's important to request this information in an attorney review.

If you ask for it via attorney review, the seller has to cooperate and provide accurate information otherwise face liability. There are a number of things like this. Hire a qualified, knowledgeable agent who can help you ask the right questions. A real estate attorney won't necessarily know to automatically ask these questions as part of attorney review. They typically assume you have decided that you want the property and it's not necessarily an immediate concern particularly if you intend to use the unit as a residence ie not intending immediately to use it as a rental.

Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.vrealia.com
www.hobokenrealestatemonitor.com





Donna Antonucci Hoboken Real Estate





Donna Antonucci Hoboken Real Estate









Donna Antonucci


Donna Antonucci






Friday, April 13, 2012

JC Weekly Stats - April 11, 2012



























JC Stats Public PDF


Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?



Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com

Thursday, April 12, 2012

Hoboken Weekly Stats - April 11, 2012



Hoboken Stats Public PDF

Did you know that when you sign up for the private view of Hoboken Real Estate Monitor's Weekly statistics you get links by quadrant to all the new and  active listings for the week. They are the Hudson county Multiple Listing Service listings used by realtors which have more information than what's available on typical property search sites.

Sign up today by clicking on any of the links and submitting your email address.  An auto-email will be sent to you with a link to the private view of the statistics. Be sure to sign up for weekly updates and get the stats and the private view of the map each week.

Use the weekly statistics to track the market.  Bid on your new home with confidence!
See the price per square foot by neighborhood, by the number of bedrooms.  What have units sold for?  What are they listed for today?


Information provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832

www.hobokenrealestatemonitor.com
donna@donnaantonucci.com




Wednesday, April 11, 2012

Open House and New Listings Map from Hoboken Real Estate Monitor.com, April 11, 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, April 10, 2012

Q1 2012 Jersey City Real Estate Review - Where is the Market Going?


From the beginning of the year, the total inventory has been down - basically half of what we had same time last  year.  As predicted, this constriction in supply has pushed prices up slightly.

The price per square foot for a 2 bedroom condo went from $399 to $454 to $426, Jan, Feb and March, respectively.  The average 2 bedroom over the period was 1117 square feet.

Inventory is up slightly since January.  We started the year at about 277 houses for sale in JC and is now at about 270.  It's about the same but more than a 50% decrease than the same time last year.  

The Highest sales volume was recorded in the month of February and the least sales in the month of January and March went down little slower but it does not mean it will be slower in next months,



75 total condo units sold in 1st quarter, 43 were 2 bedrooms comprising 57% of the total volume.  The 2 bedroom continues to be the most sought after unit size.


Here is the price per square foot chart that shows how prices have fluctuated ever so slightly.

 

Price for per square foot increased by 13% in February (compare with January price) and again went down by 9%. In the Month of February, prices reached $475 for 3 Bedrooms.  


This graph shows the direction of the market.  Over the period prices generally went up.  In terms of absolute numbers, the number of 3 bedroom sales was low at 9 total units for the quarter.  This is really too small to make any inferences.  One outlier will skew the trend line.  There was enough volume between the one and two bedrooms to demonstrate that prices have ticked up. 


All and all the market needs listings.  If you are ready to move and you have waiting for a good time to list, this is it.

More to come on this so stay tuned for the Hoboken Real Estate Monitor.com Quarterly Review.


Information Provided by Donna Antonucc
Prudential Castle Point Realty
201-240-6832