Bergen Hudson Gold-Coast Real Estate

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Property Spotlight: The Pearl in Edgewater, NJ

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The Pearl offers ultra-luxury waterfront living in Edgewater. It is located in what was the Unilever Testing Laboratory. These loft style condominium homes are directly on the Hudson River Walkway in the southern most section of Edgewater in a new development zone known as Edgewater Harbor. This zone features the brand new Edgewater Borough Hall and Administrative Building, luxury retail shopping, restaurants and high end luxury residential rentals as well as this anchor residential condominium.

The original building was design in 1953 for Lever Brothers. It was completely gutted and redone from the inside out by Alan Tanksley Interiors, one of America’s leading residential designers.

res_Aspire_New_master_bedroom_copy.jpgThe Pearl residences consist of 68 luxury homes consisting of 1, 2, and 3 bedrooms and 8 penthouse units. Every home features a gorgeous, spacious backdrop of the NYC skyline. These homes feature soaring ten foot ceiling, state of the art opened kitchens, Subzero refrigerators, Wolf cooktops, ovens and microwaves with gas cooking, and Bosch dishwasher and washer/dryers. Each residence has the feel of sumptuous splendor and divine tranquility with details such as Caesar Stone counters, gorgeous hardwood flooring stained medium or dark to match the custom European style custom cabinetry in choices of Cocoa Natural Maple or Cocoa mixed with Italian Ivory high gloss or all white.

The 1 bedroom homes range from 872 to 1,090 square feet. The 2 bedroom homes range from 1,386 to 1,580 square feet. The 2 bedroom homes with dense are 2,031 square feet. The 3 bedroom homes are 1,806 square feet.

amen_pier_9535_hr_115_en.jpgThe Pearl’s amenities include 24-hour security, a full fitness center with stunning NYC views, a Club Room for lounging, an outdoor heating pool overlooking the NYC skyline and the Hudson River, opened landscaped gardens, fire pits, rooftop deck and lounge area, outdoor barbeque and eating area, a private pier for sunbathing and relaxation, and a dog rung shared with The View.

Transportation is also accessible from The Pearl. The George Washington Bridge is about 3.5 miles south on River Road and is accessible to NYC by NJ TRANSIT buses 158 or 159 which operate right on River Road. NYC is also accessible by ferry from the main Weehawken terminal or the Edgewater Marine, which provides a free shuttle service. Access to major highways is close by.

For more information or any available units at The Pearl, contact us today!

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Lois Fein and John Schwartz Join Keller Williams Town Life Market Center

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Lois Fein and John Schwartz, a long-time professional real estate sales husband and wife team from Edgewater, NJ with more than $145,000,000 in closed transactions have joined the Keller Williams Tenafly Market Center.

“We are ecstatic to have Lois and John join us here at the Tenafly center until the new Fort Lee City Views Market Center is opened, said Colleen Kossoff, CEO/Team Leader of Keller Williams City Views. “Keller Williams offers its associates unparalleled career growth and lifelong learning opportunities in the real estate industry. We know that Lois and John will be a great fit and that it is our customers who will truly benefit from Lois and John joining us.”

Lois and John have a combined 25+ years of real estate sales and prior to this, owned and then sold their IT Recruiting and Consulting Firms. Their entrepreneurial background prepared them for immediate success in this chosen fireld. Lois served on the Edgewater Borough Council, Planning Board and Housing Commission for many years and was instrumental in restoring ferry service to their hometown of Edgewater. Both Lois and John have received many awards over the years for their sales and other contributions to the industry. They have been the #1 Gold Coast Team for many years.

“We chose Keller Williams because of its reputation for integrity and its agent-centric business model,” says John Schwartz. “We are reenergized by this transition and promise to continue to serve our many clients in the best possible ways.”

To reach either Lois or John, call 201-741-2175 or 201-592-8900, visit their website (www.BergenHudsonGoldCoastRealEstate), find them on Facebook.

About Keller Williams Realty, Inc.
Austin-Texas based Keller Williams Realty, Inc. is the largest real estate franchise by agent count in the world with 700 offices and 125,000 associates across the Americas, Europe, Africa and Asia. In 2015, Training Magazine named Keller Williams the No. 1 training organization across all industries in the world.

Since 1983, Keller Williams has grown exponentially and continues to cultivate an agent-centric, education-based, technology-driven culture that rewards agents as stakeholders. The company also provides specialized agents in luxury homes, commercial and farm and ranch properties.

For more information, visit www.kw.com.

Can You Be Denied A Mortgage Loan After Pre-Approval?

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There’s a common misconception that you will be guaranteed a mortgage loan after being pre-approved. However, if you’re not careful, it is possible to ultimately be denied a mortgage loan. Before talking about the reasons why this can happen, let’s briefly run through the pre-approval process.

The pre-approval process is similar to the final approval process. Your credit scores, financial documents, income, debt and tax records will be checked. If all of these documents fit the mortgage lender’s requirements, you will be provided a pre-approval and the dollar amount for which you are qualified.  This is your ‘buying power’.  Of course, you do not have to borrow that amount.

Before providing a final approval, and after you have found the home you want to purchase, the actual, detailed approval process will begin. Your mortgage lender will re-check all of the previously submitted documents.  If there are any negative changes since they were last checked (e.g., you changed jobs, purchased something big, etc.), this could affect obtaining a final approval.  Some other examples are:

  • Negative comment on your credit report that may have resulted in a lower credit score;
  • Less income than previously reported;
  • Loss of any assets that helped you attain the pre-approval;
  • Significant rise in your debt level;
  • Changes in loan requirements such as a higher minimum credit score.

Finally, the mortgage lender will insist on an appraisal of the property to confirm it is worth the amount of the requested loan amount. If the appraisal does not come in at the same or more than the loan amount, then they have the option to deny the final loan or request the borrower to provide additional deposit money to offset the difference. This is something that is happening more in recent years as mortgage lenders tighten restrictions to protect their interests.

The key lesson here is to maintain the status quo between getting your pre-approval and final approval.  A final ‘desk check’ is done by the lenders a few days before the final commitment so don’t make changes in your job, use money in your savings account, reduce assets, or increase debt. Wait until you’ve gotten that final approval before buying all that new furniture.

We hope this information is helpful to you and look forward to guiding you through the entire home buying process from mortgage pre-approval to finding your ‘dream’ home, negotiating the best possible price to closing and beyond.  Contact us.  You can trust our professionalism and expertise.

– Lois and John

The Benefits of Downsizing

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Have all the kids moved out of the house?  Does your space just seem too big for you now?  Downsizing to some may seem like a step backwards but can actually be a step forward.  All that time and money spent on upkeep and maintenance can now be used for different, more exciting things.

Homeowners decide to downsize for a number of reasons.  Some may be retiring. Others may just want a low-maintenance lifestyle.  Many adults 55+ are leaving their suburban homes and heading into condos or lofts.  These homes are easier to maintain, usually in ‘walkable’ neighborhoods, and with easy access to transportation, culture, restaurants and nightlife.

SO IS DOWNSIZING RIGHT FOR YOU?

Ask yourself:  Does the size of my home matter?  If you enjoy living in a big house and entertaining a large family or many friends in your home, perhaps downsizing is not the best choice for you, but if you’re ready for less maintenance, cleaning and a home just for your own enjoyment, then downsizing may be the right choice for you.

Also think about whether any other people in your life would be affected by this decision.  Do you have adult children looking to move back in or if you are the hub of larger gatherings at your home?  If that is the case, you may still be able to downsize keeping in mind certain features you may need such as a second bedroom or large living area.

Downsizing gives the impression that you will spend less money, which can definitely be true.  However, you may need to replace some furniture to fit your new space so keep that in mind.  Consider selling some of your larger pieces to offset these costs.

Some definite pros to downsizing to a condo, townhome or loft are the decrease in maintenance (e.g., gardening and exterior home maintenance, etc.) you have to do. Instead, you will pay homeowners’ association fees/dues so that others will maintain the common elements for you.  Perhaps you will save money and time when downsizing and be free to take that bigger vacation you’ve dreamed about or check off some items from your bucket list.  Just like the saying goes, less is more!

We have been working with downsizers for years.  Let us use are expertise to help you downsize to the property of your dreams!  With our many connections and experience in the Gold Coast region, we are real estate partners you can trust!

Tips For First Time Home Sellers

First Time Home Sellers

You’ve already gone through the process of buying your first home and have made your memories. Now, it’s time to sell your first home, which is a whole new experience. Here are some important things to consider when getting started.

Be Ready To Sell
Before listing your home, be sure the house is in good condition and set realistic goals for the price and time it may take. If not, the listing might just sit there and the number of days on market can increase, which is not a good sign.

Find the Right Agent
Selling your first home is a process you may not be familiar with. Finding the right agent to work with you is important. You’ll need to then sign a listing agreement with a real estate agent and their brokerage firm. When you were buying, you could stop looking whenever you wanted. However with selling a house, you need to be consistent and having the right agent can help with this.

The Agent Matters More Than The Brokerage
Don’t pick an agent based on the brokerage for whom they work, although having both a great agent and reputable firm is a plus. The only person you will see during your home selling process is your agent. If the agent is someone you trust and has proven to be successful, you can be confident he or she is the right choice to get the job done. Of course, if you don’t know any real estate agents, it does not hurt to start by looking at brokerages that are aligned with the type of house you are selling and ones that specialize in your neighborhood.

The Number of Days On Market Matter
When you were buying your first home, what did you always notice? The price, size, photos, & history (in other words, number of days on market). The longer a house is on the market, the more potential buyers think something is wrong with it. Do you best to sell as quickly as possible and therefore, set a realistic selling price.

Move Quickly on Offers
You’ve got an offer and signed off on it. Congratulations! Now the clock is ticking. Have a plan about where you’ll move after closing. If you need to sell prior to buying, then you must have plan (where you would like to go) and make sure your home has a contract on it before you buy another.

Follow these important tips if this is your first time selling home. At Bergen Hudson Gold Coast Real Estate, we are the local real estate partners you can trust to guide you through this process.

What You Need To Know Before Getting A Mortgage

Before Getting Mortgage

Before successfully obtaining a mortgage, there are some key things to remember.

Choose an appropriate lender
Not all lenders are the same. Lenders can be big banks or small portfolio lenders. Not all lenders lend in every area. Not all lenders have the same programs. Do your due diligence here as you did finding your realtor. Talk to your realtor for recommendations.

Understand the full cost of owning a home
Principal, interest, taxes, insurance, and if a condo, monthly maintenance costs… this is what is involved in financing a home. The first, principal and interest, comprise your monthly mortgage. Property taxes are assessed by the county in which you live. On average its 1.2% of your home’s value each year. Homeowner’s insurance is also required.

As noted, if you choose to buy in a community with a Homeowners Association, there are dues to cover common areas, amenities, upkeep and future maintenance.

Credit history is important
The stronger your credit report is, the better. This is important to getting lower interest rates for your mortgage. If necessary, open new credit a few months before buying and maintain good payment history. Obtain your credit score and take necessary steps to improve it.

Get pre-approved in advance
Getting pre-approved is a necessary step. It shows sellers you are serious and have the potential of being approved for a mortgage. It also helps you understand how much you can afford when buying a new home.

Know what lenders will require
When it comes time to be approved for a mortgage, lenders will examine every aspect of your life: full name, address, date of birth, social security numbers, children’s ages, credit report, employment history, pay stubs, tax returns, bank statements, legal settlements and financials of businesses you own. Give them what they ask for and be prepared to explain any negative marks on your credit.

How To Stage Your Home For Selling

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Home staging is an important but often underutilized marketing tool when selling a home. Transforming your space so that any potential buyers see themselves in an attractive home can help your listing. Whether occupied or vacant, we stage every home to make it stand out from the competition. Always remember, first impressions are lasting impressions.

Home staging is the art of making your home look neat, stylish and inviting to a potential home buyer. It is the essential first step in selling your home. It is the process of making your home stand out from the competition. Here’s how you can get started doing this.

1: De-clutter. Get rid of anything unnecessary or that takes away from the beauty of the space. The seller will have to do this when moving anyway, so why not get it started a little earlier?

2: Depersonalize. You want potential buyers to see themselves in your home; not to see your photos and memories. Put personal items in storage until you move.

3: Paint. Paint makes a world of difference. What you may like on your walls may deter potential home buyers. Paint the walls with current, neutral colors. Repaint white walls so they look fresh.

4. Repair. Do not call attention to any potential problems. Make sure all house repairs are done before buyers come to see your home; otherwise they may see some signs and wonder what else could be wrong, which could deter them from your house.

5. Rearrange/Remove/Add Furniture. Potential home buyers like to see how a space looks with furniture. This can be done by moving some furniture, removing others and even renting some to give your space the right amount of mix it needs to sell.

6. Accessorize. Finally, accessories help sell the space. If a potential home buyer sees how beautiful a home looks with beautiful wall art there and a lovely flower arrangement, they will become much more interested in the space.

We are experts at home staging and are happy to help you through this process!