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Paramus Home Prices and Home Values

Friday, April 18th, 2014

If you own a home in Paramus and are considering listing it for sale on the real estate market, you should contact Anthony Lambiase to receive a FREE 2014 Home Market Analysis Report.  The report will provide Paramus home prices and home values to compare your property.  Anthony Lambiase is a licensed REALTOR® Associate with  RE/MAX Property Center and a Paramus Neighborhood Specialist.  You can get your free home value report along with nearby home sales, average prices, and market conditions today!  Home values depend on the property sold prices, we have a Paramus, NJ home value database that we use to analyze home values.  It uses a combination of sold home prices, and New Jersey public record information of assessed values of homes close to the an address selected in Paramus, NJ to indicate Paramus Home Prices. We are able to research by city, local zip code, or a property address.  To obtain your FREE Home Market Analysis in one easy step call him at 201-292-7653.

http://anthonylambiase.com/wp-content/uploads/2014/04/Paramus-Home-Prices-and-Home-Values-Market-Activity-Report_2014-04-18.pdf

The median home value in Paramus is $625,000. Paramus home values have gone up 13.8% over the past year and we predict they will rise at least 14% within the next year. The median price of homes currently listed in Paramus is 615,000.

Home foreclosures might be a factor having an effect on home values in the following several years.

Mortgage loan delinquency is definitely the initial step in the real estate foreclosure process. At this stage , a home owner doesn’t come up with a house payment. With Paramus home values rising by more than 13.8% in the last year, {many homeowners} are actually surfacing from underwater (Negative Value) with their mortgages, meaning they now have equity greater than their mortgage debt and their home is worth has risen. The percent of Paramus homeowners with positive equity above their mortgage has increased more than New York Metro low and the Paramus home value increase this past year is trending up 13.8%.

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Paramus Home Increase Poll

Monday, April 1st, 2013

Paramus home increase poll price the chance a fee or their occupants may be affected by another tax, well okay a permit fee. Homeowners may want to ask the mayor if home prices will be effected in Paramus, NJ by overhight parking permits. Is it better that we have more Permits, well about 5 to 10% will find out soon….Authorities consider a permit process could possibly be the answer. Local Paramus homeowner(s) would probably obtain a permit if they normally park on their block/street, which will probably have a price connected with it, to be able to park overnight. It might employ a serial number allotted to the license plate as a way to suppress any sharing of your permit amongst several home vehicles, proposed the mayor.

In the course of emergencies including snowstorms, permit holders will be {required to} eliminate the vehicles from your street overnight.
When it comes to narrow streets parking it could well be limited to one side of your roadway overnight in the same way it is during the daytime hours, suggested the Mayor.

Paramus Home Overnight Park Poll

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Realtor REach

Wednesday, March 27th, 2013

In a recent article posted by Tom Royce about 2013 Real Estate Predictions titled “NAR Invests in 6 Startups Through REach Accelerator Program

He said:    “I bet you did not know that the National Association of Realtors (NAR) runs an accelerator program for new startups through their Second Century Ventures fund, did you? I didn’t until this week, but it is a concept worth exploring.”

My Response:    Tom I did not know that the National Association of Realtors®  (NAR) runs any program for new startups through ventures funds.  But isn’t NAR representing us Realtors®.  Shouldn’t this concept be more like a steering committee if it is worth exploring different real estate APP and channels to facilitate real estate business.

He said:    These companies are focused on forward thinking customer engagement tools that will help Realtors, and that is a great thing. A commitment from the NAR to their membership to drive improved client services and communication will be beneficial for all in the industry.

My Response:    The program should be called REach For My Wallet.

Here is the breakdown he gave of NAR’s REach Accelerators Class of 2013 (BombBomb-Lumentus-Planwise-Reach150-Updater-Workface)”

We pay Realtor® dues so we do have a voice.
>My opinion for now is this:>

>Sounds like Google’s ®  job>     BombBomb – Provides a complete e-mail and video marketing platform for developing, sending and tracking results of traditional and video e-mail campaigns from any device.

>My opinions for now are this: “NAR lets not make the same mistake and sell our the venture ideas to REALTOR.COM!”

>Isn’t this our job> Lumentus – Gives companies a measurable edge in identifying, understanding and engaging social media communities keeping social media communications on brand and on mission.

>Ok this could be worth exploring for your job>    Planwise – Offers a financial planning service that enables individuals to plan for major life events by simply and visually testing real-life scenarios.

>Sounds like RELO’s ®  job>     Reach150 – Provides a turnkey referral platform for service professionals to quickly build a positive reputation online.

>Sounds like the internet’s job lots not be so lazy>    Updater – Provides a free service for anyone who is moving to easily forward mail, update accounts, transfer utilities, and sign up for home services in a single location.

>Sounds like Google’s ®  job>    Workface – Offers a unique, quick-to-deploy live chat (text, audio, video) software platform for real time one-on-one conversations at a customer’s moment of interest.

Again a shout out to my “National Association of Realtors ® in Chicago, “folks lets not make the same mistake and sell our rights and ideas to any private company like www.REALTOR.COM! or www.realestate.com or Move.com.

The program should be called REach For My Wallet.

Tom Royce posted an article on yesterday about 2013 Real Estate Predictions
Its title: NAR Invests in 6 Startups Through REach Accelerator Program

He said:    “I bet you did not know that the National Association of Realtors (NAR) runs an accelerator program for new startups through their Second Century Ventures fund, did you? I didn’t until this week, but it is a concept worth exploring.”

My Response:    Tom I did not know that the National Association of Realtors®  (NAR) runs any program for new startups through ventures funds.  But isn’t NAR representing us Realtors®.  Shouldn’t this concept be more like a steering committee if it is worth exploring different real estate APP and channels to facilitate real estate business.

He said:    These companies are focused on forward thinking customer engagement tools that will help Realtors, and that is a great thing. A commitment from the NAR to their membership to drive improved client services and communication will be beneficial for all in the industry.

My Response:    The program should be called REach For My Wallet.

Here is the breakdown he gave of NAR’s REach Accelerators Class of 2013″

BombBomb-Lumentus-Planwise-Reach150-Updater-Workface

We pay Realtor® dues so we do have a voice.
My opinion for now is this:

Sounds like Google’s ®  job>     BombBomb – Provides a complete e-mail and video marketing platform for developing, sending and tracking results of traditional and video e-mail campaigns from any device.

My opinions for now are this: “NAR lets not make the same mistake and sell our the venture ideas to REALTOR.COM!”

Isn’t this our job> Lumentus – Gives companies a measurable edge in identifying, understanding and engaging social media communities keeping social media communications on brand and on mission.

Ok this could be worth exploring for your job>    Planwise – Offers a financial planning service that enables individuals to plan for major life events by simply and visually testing real-life scenarios.

Sounds like RELO’s ®  job>     Reach150 – Provides a turnkey referral platform for service professionals to quickly build a positive reputation online.

Sounds like the internet’s job lots not be so lazy>    Updater – Provides a free service for anyone who is moving to easily forward mail, update accounts, transfer utilities, and sign up for home services in a single location.

Sounds like Google’s ®  job>    Workface – Offers a unique, quick-to-deploy live chat (text, audio, video) software platform for real time one-on-one conversations at a customer’s moment of interest.

Again “National Association of Realtors ® lets not make the same mistake and sell our rights and ideas to any private company like REALTOR.COM!”

The program should be called REach For My Wallet.

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Secret REO Investment Formula

Wednesday, January 4th, 2012

So how does an REO property investor evaluate buying an investment property?

As an example, an REO property in poor condition is listed for sale for $199,000.  If the property were in good condition, it would be worth $230,000; however it needs approximately $31,000 in repairs.  What is its as-is value today?

As a Realtor®, we have a fairly good idea what it’s not worth “ it’s not worth $199,000.  Most, likely, an investor would not purchase a property for $199,000, repair it at a cost of $30,000, and sell it for a profit of $1,000.  Plus there are other costs to be considered, such as holding and commission costs.

We have the repair cost and the anticipated sale price once repaired.  In order to price this property using our formula, we would need the holding costs, the costs of sale, and the profit demand.  Let’s say the holding and sale costs are $9,000 and the profit demand is $25,000.  Using our formula:

  1. Anticipated sale price:                     $230,000
  2. Less repair cost:                               – $31,000
  3. Less holding/sale costs:                   –   $16,000
  4. Less profit demand:                          –  $46,000
  5. REO Value as-is                                 $137,000

No wonder the property hasn’t sold at its offering list price of $199,000!  Even after a Comparative Market Analysis (CMA) is performed.  Most agents not safisticated enough or familiar with pre-foreclosures and Bank REO’s can wind-up abandoning their customer and giving the listing back unsold. Or the bank client winds up giving the property to a management company.

Are you planning on selling? We are your Realtor® here to help instead of sitting with a property for a long time.  We provide quick and positive results.  Contact us today for a free consultation.

Before deciding to participate in the real estate market, you should carefully consider your investment objectives, level of experience and risk appetite. Information deemed reliable but not guaranteed.  Any opinions, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. AnthonyLambiase.com and its owners are not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. We have has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
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