Real Estate Information

If you are a first-time Ringwood NJ real estate homebuyer, you are most likely becoming very aware of the importance of having a good credit score.  A higher-than-average credit score will help you negotiate a lower interest rate when you are applying for a mortgage, and a lower interest rate means thousands of dollars in interest saved every year.

This short video is a great introduction to the importance of your credit score, and includes some simple strategies to help improve it. 

This is a great time to consider purchasing Ringwood NJ real estate.  To learn more about Ringwood NJ real estate, please visit HomesByOrly.com, or begin searching homes here.  For more personalized service, or a referral to a reputable lender who can help you learn more about your credit score, please call me at 973-962-5410.

The centerpiece of Congress’ recent $170 billion economic stimulus plan is tax rebates, but few Ringwood NJ real estate owners and taxpayers actually understand what the rebates mean or how they may benefit.

Treasury Department and IRS officials are still scurrying to work out the details of the plan, but below are some of the main points that have been made available:

• To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000.  These filers will get rebates up to $600.
• Joint filers must have AGI below $150,000 and are eligible to receive rebates of up to $1,200.
• Parents will receive $300 rebates per dependent child and there is no cap on the maximum number of children eligible.
• Filers who do not owe income taxes because of various credits and deductions but who do have at least $3,000 in income (can include Social Security or disability payments) will get $300 rebates per person or $600 per couple.
• The rebate is a one-time tax cut – an advance on a credit you’ll receive on your 2008 return.

If you make the IRS deadline and file your taxes by April 15, you can expect to receive a check sometime between May and July.

Why not put your 2007 tax rebate toward the purchase of a new home?  To learn more about Ringwood NJ real estate, please visit HomesByOrly.com or begin searching for Ringwood NJ real estate here.  For more personalized service, please call me at 973-962-5410.

Even with the recent congressional relief plan, many Ringwood NJ homeowners have still found themselves unable to pay their mortgages and are ending up in foreclosure. 

Although this CBS News video centers on a scam artist in Southern California, it is important viewing for all Ringwood NJ homeowners who may be facing foreclosure.  As the video shows, it is too easy to be taken advantage of by scam artists trying to make a buck off the vulnerability of others.

Remember, if you may be facing foreclosure – or if you are interested in investing in foreclosures – the best resource is an experienced Realtor who can help explain your options.  To learn more about Ringwood NJ real estate, please call me at 973-962-5410 or visit HomesByOrly.com.  You may also begin searching Ringwood NJ homes here!

The secret to winning in Today’s Real Estate Market is… Education!

Or such was the consensus on March 13^th when Orly Steinberg of Coldwell Banker Real Estate presented a Real Estate seminar at the Ringwood Public Library.

            Ms. Steinberg began the evening with a very informative overview of the home buying process and shared expertise learned in the 22 years she has worked in Real Estate.

There are tremendous opportunities available in the current marketplace, historically low interest rates coupled with good supply and Motivated Sellers make this an ideal time to purchase for the savvy buyer.

She was joined on the panel by several distinguished professional colleagues.

            Laura Moritz of Classic Mortgage, a veteran of the Mortgage Industry, gave a detailed presentation regarding qualifying for a mortgage in light of present financial downturns and extra scrutiny by Mortgage underwriters.

             Francis Battersby, Esq, a Ringwood Resident and well respected Legal professional with over 25 years of experience, gave an enlightening presentation to the audience on the legal aspects of buying and selling property in New Jersey. Mr. Battersby explained Disclosure obligations on the part of a Seller, Negotiating Inspection related issues and Transfer of Title.

            Sergio Angione, of HouseMaster Home Inspections, gave the gathering a thorough presentation on the qualifications of a licensed home Inspector in New Jersey, as well as insight as to how a home Inspector conducts himself at a property, what is covered in the scope of an inspection and what the inspector is looking for.

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For more information about the current Ringwood NJ real estate market, please call me at 973-962-5410 or visit HomesByOrly.com.  You may also begin searching for homes here!