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Posts by HNL Marketing for JJ Elek Realty

JJ ELEK REALTY BLOG Home

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Buy A House | 28 Posts
Homeowners | 2 Posts
Market Updates | 4 Posts
Real Estate | 4 Posts
Realtor Tips | 8 Posts
Sell A House | 14 Posts
Selling | 1 Posts
Uncategorized | 1 Posts
October
20

How a Stager Prepares a Home for Market

Getting a home ready to sell in any market can seem daunting to anyone. While it may take some extra motivation and hard work, staging a home can make it a standout property that grabs any buyers' attention.

Here are some examples of how the best home stagers show off a home to nab multiple offers—often above the listing price.

Cue inviting curb appeal

A home stager may refresh a property's exterior by updating the original siding with vinyl, adding new shutters, and replacing outdoor light fixtures. A few weeks before listing, weeding, mulching, and powerwashing the walkways also go a long way.

Depersonalize and neutralize

Buyers want to envision themselves in the home. A stager will remove any personal elements like family photos, children's toys, and collectibles. They may choose neutral palettes, furnishings with clean lines, modern sectionals, new window treatments, cozy-chic accents, and pops of warm colors to brighten the space.

Simplify

When staging something like a kitchen eat-in area, they will look for ways to simplify and brighten. For example, removing personal wall art and extra objects can help make the space feel larger and more inviting.


Create a cozy bedroom

Bedrooms are key spaces for buyers to connect with. After removing personal items, stagers often repaint the owner's suite and extra bedrooms, and follow up with fresh bedding, colorful pillows, inviting lighting, and modern area rugs that showcase hardwood floors.

 

Put simply, staging "sets the stage" for potential buyers. By redecorating, rearranging furniture, cleaning, and employing other aesthetic strategies, a professional home stager makes the property look as appealing as possible to get top-dollar from buyers and to secure happy clients.

 

Contact us for more trick and tips in real estate.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

October
6

How to Negotiate like a Real Estate Pro

Most real estate brokers fall into one of three categories when it comes to negotiations. Some are unaware or nervous. Others are savvy and prepared. And the rest land somewhere in between. To become a confident negotiator with successful outcomes, equip yourself with the following tools.

  • Determine your deal points
    Prioritize which terms are most important to your client and which are less so. Is it price or a specific deadline? Updated appliances? Identify where you would like to be in each priority area—and put that in writing to support meeting those points.

  • Ask about the other side's deal points
    By asking the other side to explain their deal points, you can find ways to work within a framework that will address their concerns, find solutions to their problems, and achieve their goals. You're bound to find bargaining chips that you can give up to get a concession of value.

  • Collect and leverage data
    The person armed with the most amount of information is more likely to win the negotiation. That's why forward-thinking real estate brokers focus on key data to inform an offer, including:
    • Recent sales of comparable homes
    • A property's location
    • Lot size
    • Neighborhood
    • Current market supply and time
    • Taxes
    • Homeowner association fees
    • Seller's point of view

Adding these practical tools to your arsenal can boost your negotiating confidence and support successful outcomes for you, your team, and your clients. At JJ Elek, you'll be a part of a team that sets you up for success. Contact us if you're interested in taking your career to the next level.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

September
22

Home Improvement Projects You Should Not Ignore

When the temperatures drop and the leaves start to fall, it's time to take a good look at your home's plumbing. Preventative measures are key to avoiding damage and pricey repairs. To help you with your maintenance efforts, we've gathered some of the most common plumbing problems that start in the fall season.

Preventable Plumbing Problems

  1. Cluttered gutters
    There's plenty of beauty to be found in the changing leaves but you don't want them to settle into your home's gutters when they fall. From roof damage to foundation issues to cracks, full gutters can lead to costly repairs. Prevent this by putting on some thick gloves, grabbing a ladder and a small shovel, and clearing out the clutter. Follow up with a good rinse of the gutters with a hose and inspect them for damage or cracks.
  2. Clogged cleanouts
    Falling leaves can land in the cleanout—the outdoor pipe that provides access to the plumbing—if the cover or cap is opened or damaged. To prevent a backup of water flow leading to plumbing issues, call in a professional who can perform a camera inspection and drain snaking to ensure there's no obstruction.
  3. Dirty sump pump
    A quick visual inspection can tell you whether or not the sump pump is working—and catching it early is crucial. The pump's filter screen can collect leaves, mud, pebbles, and debris, which can lead to clogs, premature pump shut-off, or even standing water in the basement. To be safe, check it by slowly pouring a bucket of water into the sump pit. If it doesn't automatically start up, it needs maintenance.
  4. Leaks
    If there's a hidden leak in the plumbing system, water can seep into electric wiring and start a fire. Keep an eye out for discolored spots after a rainy day or unexpectedly high water bills. Then call a plumber who can diagnose the problem.

Plumbing issues can happen at any time, but fall and winter are the prime times for pipe damage. Instead of waiting until it's too late, use these tips and stay ahead of it.

Contact us today for more tips for selling your home.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

September
1

Recent Home-Selling Rules You Should Break

The pandemic created a seller's dream in the real estate market, but many of the trends have changed. If you're looking to sell and get the best possible outcome, you may want to consider breaking some of the common home-selling rules you may have heard recently.

 

"Set your price as high as you want"

At the peak of the pandemic, you could easily price your home above market value and still create a bidding war. With more options becoming available in the current market, you're better off setting the right price at the start. Most markets will see at least a 10% decrease in sales price over the next year and a half.

 

"Sell as is"

Many sellers were able to get multiple offers without much-needed repairs, but post-pandemic, this isn't the case. A recent HarrisX and Realtor.com survey of 449 Americans who sold their home in the past 12 months found that sellers "are giving into buyers' requests on a number of things that might have seemed unthinkable just months ago." Buyers are looking for the home inspection contingency again and requesting repairs pre-sale. In fact, now that the inventory is increasing, you're more likely to get the best offer by also taking the time to stage your home before listing it.

"Your home will sell fast"


Pre-pandemic, the average home took anywhere from three months to a year to sell. Once COVID hit, homes sold within days of listing because of the limited amount on the market. Today, the trend is moving toward more days on market. In fact, recent statistics found the average time on the market for a home is 50 days. That's seven days more than last year, but still 18 days less than the typical time before the pandemic.

"It doesn't matter when you list your home"


During the pandemic, you'd get offers regardless of the season. Now, trends are showing a return to the more traditional selling cycle, with spring and summer getting the most sales.


Despite this gradual shift in buyer behavior, there's no denying that there's still plenty of interest. If you're looking to sell your home, partner with an agent at JJ Elek Realty. We'll help you navigate the market and get the best deal possible.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

August
18

Here's How to Build Equity in Your New Home

Now that you've invested in a new home, what does it take to increase its market value? Building equity is one the biggest financial benefits of home ownership. Here are some ways you can start building yours today.

Make the most of mortgage payments

A portion of every mortgage payment pays off your loan's principal, with most of it going to interest in the loan's early years. To make the best use of your money, consider the following:

  • Pay faster: Speak with your lender about dividing your monthly mortgage payment into two bi-weekly payments, for a total of 26, thus paying down your mortgage faster and gaining more equity
  • Pay more: If you have a 30-year mortgage, increase your payment either monthly or when you have extra cash from your tax refund, a bonus from work, or an inheritance

  • Refinance: If you have a 30-year mortgage, consider refinancing to a 15-year loan, which has a lower rate

Make smart renovations

Adding the right amenities and making smart improvements can also increase your home's market value, which ultimately means more equity for you. Which projects will bring the best return on your investment? Popular features can vary by area and home type but many of today's buyers typically love updates and enhancements to:

  • Attics
  • Bathrooms
  • Entrances
  • Garage doors
  • Kitchens
  • Siding

Be Mindful of the Market

The realities of a buyer's or seller's market will have an impact on how much return you'll get when you sell. Work with a professional real estate agent and financial professional when the time comes. Contact JJ Elek to learn more.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

August
4

Existing Homes versus New Construction: What's Best for You?

In today's red-hot real estate market, more and more people are searching for homes in New Jersey. As you begin your home-buying journey, it's important to know what type of construction suits your unique situation — a resale or newly built home. Let's break down some of the benefits and drawbacks of each.

3 Pros of Buying an Existing Home

  1. Established neighborhood
    For many homebuyers, local amenities, school districts, and a sense of community are key. When you buy an existing home, you're joining a neighborhood with schools, parks, shopping, and commuter routes already in place. In newer communities, many of those amenities have yet to be built.
  2. Lower-priced options
    Existing homes tend to be less expensive than new construction. According to recent estimates, the median sales price of an existing US home in fall of 2021 was $354,000 versus $400,000 for a brand-new home. Add inflation and material shortages into the mix, and these differences are likely to persist into the near future.

3.Architectural details and history
Older homes are more likely to offer aesthetic details that would be difficult and expensive to replicate. Many older properties also have great stories behind them, which you become part of when you move in.

The Drawbacks of Existing Homes

Outdated floor plans
Barring extensive remodeling, you're unlikely to find modern floor plans in existing homes. The kitchens, bedrooms, and living rooms may not match the style you're seeking.

Potential for more repairs and maintenance
Unplanned repairs to roofing, heating systems, and appliances can have you spending money where you didn't expect to.

Energy inefficient
Older houses may be poorly insulated and rely on environmentally unfriendly resources like oil for heat.

3 Pros of Buying New Construction

  1. Modern and customizable floor plans
    If you're buying a new construction that's already complete, there's a good chance the layout will be more modern, with wide-open floor plans. If you're going for a custom-built home, you can work with the contractor to create a layout that works for your life.
  2. Lower maintenance
    With brand-new appliances, roofing, and HVAC systems, newly built homes usually require less maintenance. That means you can better predict monthly costs. Plus, newer homes often come with builder warranties that protect elements of the house for years before you need to address any major repairs.

    3. Smart and safe
    Newer homes often integrate "smart" technology components allowing you to automate internet, cable, speakers, and alarm systems. And new homes often use low- and zero-VOC (volatile organic compound) building materials, improving indoor air quality.

The Drawbacks of New Construction

Higher costs
New construction is typically more expensive than a resale home. For example, the median sale of an existing home in the US jumped to nearly $391,200 in April 2022, while a brand-new home topped $450,600 that same month.

Delays
If you're signing up for a home during the construction phase or building a custom home, it could take several months longer to move in compared with an existing property. This will vary by market and builder, so consider budgeting time for potential delays. If the construction is complete, this won't be an issue.

Lackluster landscaping
The area where the earth has been cleared to make way for new construction can feel stark and exposed with a newly constructed home. This is because it takes years for landscaping to grow and bring natural life to the property.

Still Deciding What's Right for You? Let JJ Elek help.

JJ Elek agents have years of experience with existing homes and new construction in the NJ market. We're ready to help you find exactly what you're looking for. Contact us today.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

September
30

Continued buyer interest boosts Middlesex county real estate markets

Real estate markets in Middlesex county remain strong as continued interest from buyers and low inventories are bolstering prices. Although new listings are up from where they were from a year ago, housing inventories are still not keeping up with buyer demand in markets throughout New Jersey.

Locally, there were 502 new listings in September, and the median sales price for houses in Middlesex county rose to $480,000. Statewide, prices remain about 20% higher than a year ago. Interest from buyers has not cooled despite the increase in mortgage rates, although some buyers have had to adjust their price ranges to quality for home mortgage loans.

Meanwhile, houses continue to sell at a fast pace. Typical transactions are moving quickly and homes in the hottest markets are selling within a few days. 

______________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

October
13

Continued buyer interest boosts Middlesex county real estate markets

Real estate markets in Middlesex county remain strong as continued interest from buyers and low inventories are bolstering prices. Although new listings are up from where they were from a year ago, housing inventories are still not keeping up with buyer demand in markets throughout New Jersey.

Locally, there were 585 new listings in August, and the median sales price for houses in Middlesex county rose to $516,000. Statewide, prices remain about 20% higher than a year ago. Interest from buyers has not cooled despite the increase in mortgage rates, although some buyers have had to adjust their price ranges to quality for home mortgage loans.

Meanwhile, houses continue to sell at a fast pace. Typical transactions are moving quickly and homes in the hottest markets are selling within a few days. 

______________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

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