Statistics have predicted a better performance this year in the housing sector than all the previous years. This includes a visibly strong 2014 that saw interest in condos and single family house outlets hit a sky high. With this increase in performance there are pros and cons that come along with it. So Let’s Talk about how some of these statistics will impact you.

It has been predicted that the mortgage rates will increase from about 4-6% by the year 2017.

It has also been noted that homes in the U.S are getting bigger. Houses in 2014 were 24% bigger than an average house in the 1990s, from the relatively low 2100 to 2400 square feet in 2014. This number is also expected to continue to slowly grow in various sections of the market.

As players in the real estate markets, buyer, seller or even an agent, there are some various factors you’ll needs to keep in mind while you consider tackling the market. In this article well review what is essential for each player.

As a Buyer your aim is always to fork out the best deal at affordable prices.

So how can we make sure you’re making sure that happens?

Read More About Buying A Home In Nutley

Starting October 3rd, home buyers who wish to apply for a mortgage will receive a new rate and fee quote forms from their respective lenders. Lenders are required to deliver it to buyers twice, which are bound to be implemented at the beginning and the end of the loan process.

This part of the federal mandate goes by the name TILA-RESPA Integrated Disclosures or TRID. As these changes to the home-buying process are set to take effect next month, it puts those in the mortgage industry wary of its inefficiency and those in search for their dream home slowed down in the buying stage.

However, these rules are actually set in place to make it easier for buyers to understand the entire process, while safeguarding them from surprises brought about by unexpected costs. It also aids in giving financial security to the economy and a smooth-running profession for agents, lenders and title professionals alike.

Read more about your home purchase in Nutley here.

Lovely 4 BR home with lots of vintage charm just 3 blocks to town. Open front porch, stained glass, hardwood floors, original woodwork. Huge modern eat-in kitchen, 2 updated baths, 2 zone central air. Beautiful fenced and terraced yard with deck and large shed/studio with electric service. Bonus rooms on both first and second floors. Walk up to finishable third floor.

We are hostings several open houses this Sunday from 12-4pm

Open House in Belleville – 110 Cedar Hill Ave. 12-4pm

THIS CHARMING 3 BEDROOM CAPE LOCATED IN ONE OF THE MOST DESIRABLE AREAS OF BELLEVILLE IS A GREAT FIND FOR THE FIRST TIME HOME BUYER WITH ITS FORMAL LIVING ROOM & DINING ROOM GREAT FOR ENTERTAINING 

Open House in Nutley – 198 Lakeside Dr. 12-4pm

SITUATED ON A QUIET DEAD END ST. THIS CHARMING 3 BED COLONIAL HAS EVERYTHING A NEW HOME OWNER WOULD WANT, FROM THE GRANITE & STAINLESS APPL. FULL FINISHED BASEMENT, WALK UP ATTIC AND EXPANSIVE DECK.

Open House in Nutley from 12-4 -422 Harrison St. 12-3pm

Well Maintained Ranch. 2 bedroom 2 full baths. 1 car attach & 2 car detach garage. Wood privacy fence. Back patio. Finish basement w/ kitchen & bath. Possible In-law Suite HOME WARRANTY INCLUDED