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Monmouth County NJ Real Estate | Monroe Township NJ

Archive for May, 2006

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Lease-Options

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 31st May 2006

Q: How do lease options work and what are the benefits?

A: Most lease-option agreements specify that a portion of the rent on the property in question is applied toward the purchase if the option is exercised. This is referred to as rent credit. Institutional lenders accept rent credits as part of the down payment if rental payments exceed the market rent and if a valid lease-purchase agreement is in effect, a copy of which must be attached to the loan application.
For sellers, lease options give them several advantages, especially in a slow market. These include a monthly rent higher than market rent, top-market value for the property and tax-free use of the option consideration until the option expires or is exercised. Also, the renter is more likely to treat the property like an owner, tax-free use of option consideration until the option expires or is exercised.
Lease-options should be read carefully for details on transferring the option and other important concerns.

Visit Daniel Bozza at www.callmehome.com for more info

Posted in Lease Tips | 2 Comments »

Prequalification & Preapproval

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 30th May 2006

Get prequalified, or get preapproved?

If you’re considering the purchase of a new home, you may be concerned with the issue of finance. Attaining the right mortgage is a key step in the home buying process, but it doesn’t have to be a stress-inducing one. Most lenders offer prequalification, pre-approval or both to help you know where you stand. Let me explain the difference between prequalification and preapproval:

Prequalification: Prequalification is a preliminary estimate of how much you can afford to pay for a home based on information you provide. Because credit and employment information aren’t validated for prequalification, it can only be considered a rough idea of a monthly mortgage payment and loan size. This can be a useful guide as you begin the home buying process, however.

Preapproval: Preapproval is a written commitment from a lender to finance your home purchase up to a set amount. This indicates that the lender has taken a close look into your financial history and has agreed to lend you a specific amount of money, reliant on certain details like a finalized sales contract and professional inspection. Pre-approval indicates to sellers that you are a serious homebuyer.
Regardless of which option you utilize, or even if you take both steps, you’ll be able to shop with much more confidence. Why wait until you find the perfect home to discover problems with obtaining a mortgage?

Compliments of RE/MAX Central Daniel Bozza Callmehome.com

Posted in Mortgage Info | No Comments »

Excuse Me, You’ve Dropped Your Cookie… Again!

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 29th May 2006

 

I barely got those words out of my mouth before a concerned mom toe kicked this half eaten chocolate chip cookie with the force of an NFL player. Surprisingly her young child simply watched his now airborne treat sail away without even shedding a tear. As I continued my stroll down this quiet street I started reminiscing back to my childhood days and the countless ground contaminated cookies I had dropped, rescued, “kissed up” and ate with confidence knowing I had performed the necessary safety measures involved. Back in the day this “kissing it up” ritual somehow sanitized it and made it suitable for consumption again. So what has changed? Have we become so resourceful that we can simply purchase a new cookie as if the one we dropped is less important? Is our ground that much more polluted then it was 30 years ago where as the sanitizing ritual is no longer effective? We are talking about a chocolate chip cookie….not a sugar cookie…..not an oatmeal cookie….. A Chocolate Chip Cookie….. come on cookie lovers, if you dropped it, pick it up! 

UPDATE: My 17 Year Old Daughter Speaks on the Subject: “Mom, just yesterday I dropped my Hershey bar in the parking lot, kissed it up and ate it, worked like a charm!

Disclaimer: Not responsible for anyone getting sick from not properly sanitizing fallen food items :) nor am I suggesting you kiss it up and eat it…I am just saying a chocolate chip cookie is not something to be wasted…

Posted in My Life, Fun Stuff | 2 Comments »

**Memorial Day**

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 26th May 2006

Photobucket - Video and Image Hosting
We Would Like to Wish Everyone a Safe and Happy Memorial Weekend
Thank you To Our Troops!
We cherish too, the Poppy red
That grows on fields where valor led,
It seems to signal to the skies
That blood of heroes never dies.
Moina Michael

Posted in My Life | 2 Comments »

How Tempting Does This Look??

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 26th May 2006

 Just Listed!
Dover New Jersey
Priced at $339,900 Taxes Under $4,000
Above Average 4 Bedroom BiLevel!
Many New and Custom Features Inside and Out!
For More Info!
Offered by Daniel Bozza
Broker Associate
RE/MAX Central
520 Rt 9
Manalapan NJ 07726
1-800-975-7757

Posted in Homes For Sale | 1 Comment »

Quote of the Day

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 26th May 2006


No act of kindness, no matter how small, is ever wasted.
Aesop (620 BC - 560 BC)

Posted in Fun Stuff | No Comments »

Which home buying costs are deductible?

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 25th May 2006

Any points you or the seller pay to purchase your home loan are deductible for that year. Property taxes and interest are deductible every year.
But while other home-buying costs (closing costs in particular) are not immediately tax-deductible, they can be figured into the adjusted cost basis of your home when you go to sell (any significant home improvements also can be calculated into your basis). These fees would include title insurance, loan-application fee, credit report, appraisal fee, service fee, settlement or closing fees, bank attorney’s fee, attorney’s fee, document preparation fee and recording fees. Points paid when you refinance an existing mortgage must be deducted ratably over the life of the new loan.

Compliments of RE/MAX NJ

Posted in Tips and Advice | No Comments »

Newly Listed

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 24th May 2006

Monroe Twp NJ, Middlesex County
Sprawling Ranch home featuring 5 Bedrooms!
Family Room
Dining Room
2 Full Baths
Central Air
Taxes $5,275
List Price is $412,000
Making this Home the lowest Price Ranch in Mill Lake Village!
More Pictures Coming Soon!
MLS # 620061
RE/MAX Central
520 RT 9 Manalapan
NJ 07726
office:732-972-1000 x 205
“Each office is independently owned and operated”

Wednesday’s Quick News and More..

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 24th May 2006


Busy, busy week so far with many phone calls coming in for listings, showings and iquiries. A big Thank You to Valerie Wechsler from RE/MAX Central for showing Dan’s property in Howell (GO VALERIE!) and getting right back to us with feedback! Check back here tomorrow for another brand new listing Dan took in Monroe Twp. (A Sprawling Rancher) Special thanks to Jeff Fox Broker of RE/MAX Central for the great marketing flyers which we received. Website traffic for www.callmehome.com is on steady increase since this time last week! We have received 2 letters asking for a few more features on the website which will be implemented shortly. We had our first 3 Springtime and Summer Fun pics sent in and posted in the Community Section of callmehome.com.

*Dan’s been on the road non stop with our buyers, inspections, listings and so forth.

*3 of Dan’s properties are out of attorney review (I hope I change them in the computer before the MLS reads this) LOL …just kidding the MLS is the Best!

*I have increased marketing and internet exposure.

*Dan has joined the Children’s Miracle Network! (See press release)

Posted in News | No Comments »

Quote of the Day!

Posted by by Monmouth County-Monroe Twp News and Real Estate Information on 23rd May 2006


“It is no disgrace to start all over. It is usually an opportunity.” –George Matthew Adams

Posted in Fun Stuff | 2 Comments »

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