Prepare for Owning A Home in NJ

1. Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income. 2. Develop a wish list of what you’d like your home to have. Then prioritize the features on your list. 3. Select three or four neighborhoods you’d like to live in. … Continued

7 Reasons to Own Your Home

Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent … Continued

8 Ways to Improve Your Credit To Buy A Bergen County Home

Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for. Here are a few ways to improve your credit to buy a Bergen County home. 1. Check for and correct errors in your credit report. … Continued

Hidden Home Defects to Watch For

No home is flawless, but certain physical problems can be expensive. Watch for: 1. Water leaks. Look for stains on ceilings and near the baseboards, especially in basements or attics. 2. Shifting foundations. Look for large cracks along the home’s foundation. 3. Drainage. Look for standing water, either around the foundation of the home of … Continued

The NJ Home Buying Process Made Easy

By Christopher G. Weigl, Esq. Once your search for your dream home with your real estate broker has focused upon a property that fulfills your requirements, you will submit a form contract bearing your signatures through your selling broker to the sellers through the listing broker. If accepted by the sellers, evidenced by sellers’ signatures, the brokers will … Continued