Its inevitable this recession isnt going to have a quick recovery,
unemployment isn’t going to be at 2-4% anytime soon, banks are still strict
with lending,  but the most successful CEO’s, entrepreneurs adapt to change
and as home buyers, home sellers and real estate investors so do you, life
is one big business transaction.  Homebuyers what is the biggest challenge?
Living pay check to pay check right?  Well there are numerous things to free
up hundreds if not even thousands of dollars a month

1) Call your bank on refinancing your current mortgage or doing a loan
modification to lower rate.  You owe more then your home is worth, well
Obama implemented the HARP program and most large lenders participate in
this program but they wont tell you that.
2) Put homeowners insurance and car insurance with one company for discounts
and increase deductibles from $500 to $1000
3) Negotiate with your credit card companies to lower interest rates or
consolidate onto one credit card AND SHREAD the others, if you cant afford
to buy cash this month you wont be able to pay it next month you have the
same expenses.

Homesellers

If you need to sell this is the time, the real estate market has yet to
depreciate approx 10-15% before hitting bottom and then its going to be
stagnant for years before the next upswing.

Do you own your home free and clear (mortgage free) but dont want to sell
because the market is weak?  Do you want to get $600k for your home that is
only worth $300K?  Well with todays strict banking guidelines, it is
attactive to buyers if the owner provides OWNER FINANCING when selling.
This will allow you to get a steady stream of monthly income, net more money
for your home because your collecting principal and interest, worst case
scenario if the buyer defaults you keep a 10-20% deposit that they made,
payments that they made and you get your house back.  THIS IS ALSO GREAT FOR
RETIREES WITH SHRINKING RETIREMENT PLANS LOOKING FOR STEADY INCOME AND
AVOIDING PAYING TAXES AT CLOSING IF THEY TOOK ONE LUMP SUM.  ITS LIKE THE
LOTTERY ANNUITY OR CASH =)

Real Estate Investors

WOW this is the time to make money, lowest interest rates in history, ample
inventory to choose from and contractors looking for work, perfect formula
to make money.

You have money in the bank collecting 1-2% interest, well how about
investing it into rental properties and netting a greater return.  Why not
purchase a fixer upper multifamily home renovate it, rent it out and resale
for profit.  If it sells you make money and worst case scenario it doest
sell you have a positive cash flow every month with a property with equity
either way your making money.  Not into being a landlord, why not purchase a
property .40-.50 cents on the dollar from the banks REO inventory for
resale, cash is KING for amazing opportunities.  Word to the wise, just like
the stock market know the real estate market your investing in, study market
trends, number of sales past 3mos, number of inventory currently on the
market, demand etc.

Business Owners looking into the ARC Program (Wachovia and Chase have
special phonelines dedicated to this property) interest free loan up to $35K
to help business owners keep there doors open

I wish you all happy savings and if you ever have any questions please feel
free to contact me anytime

Looks as if the interest rates are going to be cut once again.  The new unemployment report came out and not looking good for the government, higher then anticipated which only means one thing, lower interest rates so employers can borrow money to expand business and create new jobs.

Well that also favors NJ homeowners  and home buyers, home prices are dropping and lower interest rates means lower mortgage payments.  So if your in the market for a new home or just looking visit www.OurNJhouse.com

Buyers and Investors this is the time to buy!!! Home prices have dropped, interest rates have dropped which equates to LOW MORTGAGE PAYMENTS, housing in NJ is affordable once again.  A few years back everyone was swarming the real estate market because everyone thought there werent going to be enough homes left to buy, so every buyer under the sun jumped on the bandwagon and bought while prices were going up.  Now prices are going down and know one has a clue what to do, well let me tell you BUY BUY BUY.  Dont be a follower like the other a few years ago, those guys are kicking themselves in the rear because they have a home that isnt worth what they paid, why because they did what everyone else did, buy while prices were rising.  Be  leader not a follower, buy while prices are down.  Like my financial advisor says “buy when the blood is in the street” ones misfortune is someone elses fortune.  www.OurNJhouse.com

Find Properties and Homes for Sale in Bergen County: River Edge, Oradell, Paramus, Emerson Fairlawn. Search the complete NJ MLS for free.

Carmelo Oliveri
Oliveri Development LLC
Exit Golden Realtor
201-618-2854