Realty Executives Elite Homes
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Buy, Fix & Build Equity 
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This 5 Bedroom Home 
Located In Lyndhurst NJ, Within Walking Distance To NYC Bus Stop!!! (30 Feet Away)
This home features a full formal living room, dining room, den & sun porch, built in 1920 and wood trim and wood floors throughout, you cannot get craftsmanship like this today!
For More Information Call Matthew De Fede 862-228-0554
Fully renovated starter home, move in ready, on double lot, 3 car driveway,Backyard with newly installed pavers, newly constructed garage with an additional driveway. 1st floor features open concept living room and kitchen with island and quartz counter tops and brand new stainless steel appliances , half bath , and mud room that leads to the backyard. Full height finished basement with brand new washer and dryer. New Water heater and Furnace. 2nd floor features 2 bedrooms , and 1 additional room that can be used as an office. Full bath. Easy NYC commute, Close to all major Highways, 15 min drive to Newark Airport, Close to Kean University, and major store outlets
See More Here:
https://2berthaave.thebestlisting.com/
NUTLEY, NJ — According to local real estate agents, the COVID-19 pandemic threw the housing market into chaos, seeing many people selling their homes and moving somewhere with more space, as they spent more time than ever at home. Matthew De Fede, a broker at Nutley-based agency Realty Executives, said there is still an inventory issue as 2022 begins.
“We’re still reeling from the pandemic,” he said in a phone interview with the Nutley Journal on Friday, Jan. 14. “In 2008, builders got gun-shy, and building didn’t keep up. Then the pandemic forced a lot of people in more densely populated areas to look for more space. That caused a supply and demand issue.”
Many people in New York City, Jersey City and other highly populated cities in the area decided to move out of their apartments and into houses when the COVID-19 lockdown extended into the later part of 2020, when they realized that everyone being at home full-time was not as temporary a situation as they’d originally thought.
“We were in a pretty even market before,” De Fede said. “But the difference between now and in 2008 is that this is not a housing crisis, it’s a health crisis. With a lot of people still working from home, I think we’ll see a shift in the next 10 years.”
There are a lot of empty homes in the cities that many left in the last two years, according to De Fede, who added that rent and appraisal prices are going up as a result. De Fede said the housing frenzy will settle around the third quarter of the year, so now is the time to sell a house.
“If you’re sitting on a house that you’ve owned for 20 or 30 years, right now is when you’ll get the most,” he said. “It’s a heavy seller’s market.”
Something else that is happening in the real estate market, De Fede said, is that more people who are buying homes are buying older ones and renovating them, rather than waiting for new construction to be ready. A lot of the reasoning has to do with supply chain interruptions; materials have long wait times.
“You can’t get supplies, because everything is delayed,” De Fede said. “It’s a perfect storm of everything. Upgrading isn’t as expensive as building from scratch, because an existing house already has a foundation. You don’t have to worry about it.”
Matthew De Fede | Broker/Owner | Realty Executives Elite Homes | C: 862 228 0554
Here we are January 21st, 2022 and the Real Estate market in Nutley seems like it's on fire, we are all asking the question this year, will there be a crash in the Real Estate Market in Nutley NJ?
There are a couple of things going on right now they may cause people to think that the market wil start to shift by the end of 2022, right now buyers are chashing the rising interest rates out there, while home buyers are waiting to put their home on the market because they are either think it will go up in value or they have no idea where or what they would be able to buy when they sell their home.
Right now we know rates are going to rise and also we have the issue of building material and labor, covid has caused a back log of supply chain issues accross the globe and the U.S. is no excpetion.
We are in the perfect storm in Nutley, home owners that are not ready to put there home on the market and a whole generation that is ready to buy, builders not keeping up with population demand and building materials becoming to expensive to build, we are dealing with a pure supply and demand issue here.
My advice if you are a home buyer move quickly, if you are a home seller, move quickly as well, because even if prices do come down at the end of the year mortgage rates will be higher and higher rates mean lower priced homes but higher mortgage payemts, but less buyers.
Lets see what 2022 brings us!
How to get a home in this very competitive Nutley Real Estate Market
Here are several tips from my experience as a Real Estate Broker in Nutley NJ, that may help you buy the home of your dreams today.
The very first and most important thing I would do is not only get pre-qualified but actually get a mortgage commitment in place before you even start to shop for a home, that will give you an edge over the competition.
The second thing I would do is find a real estate agent in Nutley that knows the town, knows the area and also knows the Building codes as to not run into any hurdles when you find that dream home in Nutley NJ.
The third thing is to pre-qual yourself for the market, look at homes that have been listed and sold for the past six months in Nutley, look at how many days they were on the market what it was listed for and what it actually sold for, gather your market intelligence so you know what to expect when you submit your offer, a knowledgable realtor in Nutley, NJ can help you with all that information.
Fourth, come up with a plan, you and your agent should have a strategy when going out house hunting, and that is exactly what we are doing is hunting for that home that fits your needs.
Last but not least, be prepared to concede some wants in your new Nutley home, if you can satisfy 90% of your current home needs that's not a bad deal, I always tell clients to buy with a need in mind, the wants can always come later, you can grow into your home, I always say you can always change the house but you can't changes the area.
If you have anymore questions about buying your dream home in Nutley, NJ you can always call or text me at 862-228-0554
Realty Executives Elite Homes in Nutley Has The Best Online Presence In Northern New Jersey, And is the only Realty Executives Office Located in Nutley New Jersey 12 Miles Outside of New York City We Focus On NYC Home Buyers Looking For Family Friendly Homes in Essex County, Bergen County & More. We Have Homes in Nutley, Belleville, Clifton New Jersey.
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