Showcase of Homes – Part 1

Posted by admin on Apr 16, 2008 in Housing, Real Estate, Selling, for sale

1. Fabulous Home Near PATCO w/Extra Lot
For $939/mo*

Come and see this 2 bedroom gem just a short drive (less then 3 minutes) from the Hi-Speed Line Terminal in Lindenwold. This home boasts a large country kitchen with a roomy living room and 2 large bedrooms. The master bedroom has its own private entrance and deck, along with it’s own master bathroom. The spacious backyard gives you ample room for outdoor entertaining or relaxation. The living room is roomy and allows you space to relax or entertain indoors. The exterior of this home is covered by…[Read More]

508 Highland Ave.
Lindenwold, NJ 08021

To see this house or ask questions, please use my [Contact Form] (I use it to prevent spam).

*(Principle & interest payment based on a 30-year fixed rate of 6.00% with 5% down to qualified buyers)

For More Info Call Our 24 Hour Info Hotline
1-800-374-8571 ext:2033

2. Great Twin Just A Minute from AC Expressway
For $996/mo*

Give everyone their own space in this 3-bedroom/1.5-bath twin in tree-lined Oak Forest. Close to shopping and a short drive to the A.C. Expressway. This home has a dining room, a traditional living room with carpeting, and a spacious family room. A wonderful home for first time home buyers or empty-nesters. Located in a quiet section of Winslow Township, this home is a must see!…[Read More]

21 Oak Forest Dr.
Sicklerville, NJ 08081

To see this house or ask questions, please use my [Contact Form] (I use it to prevent spam).

*(Principle & interest payment based on a 30-year fixed rate of 6.00% with 5% down to qualified buyers)

For More Info Call Our 24 Hour Info Hotline
1-800-374-8571 ext:1013

Tags: , homes for sale, lindenwold, real estate for sale, showcase, sicklerville

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Buying and Owning Rental Property

Posted by admin on Apr 9, 2008 in Buying, Finances, Marketplace, Real Estate

There are quite a few people today that are intrigued with the idea of owning investment real estate. It sounds like an extremely simple way to make money – Owning property, renting it out to tenants, and then collecting monthly rent payments. The truth is, it can be an extremely profitable venture, or it can be a train wreck.

Individuals who are looking to purchase rental property for the purpose of producing income have a long road ahead of them, and they should be involved every step of the way to ensure that their investment turns out positively for them in the end.

To start, you need to figure out if you’re ready to own investment property; ask yourself how much money you have to pay up front. Buying your own home can require costly down payments, but investment properties generally require that plus much more. You may very well have to come up with not only the down payment on the property, but also the cash needed to bring the place up to code and rental standards; this will depend on the municipality that the property is located in. There are different standards for a rental property than for a private home. Unless the place you purchase has been a rental before, expect to be shelling out quite a bit of cash upfront. Keep in mind, there are loans available for those buying rental properties. But rates and terms for investment real estate loans are harsher than those for private homes, since lenders believe there is not as much emotional investment for the borrower, and so their loan is more at risk. Explore your options and check into a few different lenders, trying to get the best loan rates you can. It may not be easy, but if you are not planning to back down from the task, you will not be wasting your time. In order to help in keeping you costs down, you may want to limit your potential properties to those that are currently rentals and have tenants in them. This is where an good, professional real estate agent is invaluable.

But if you purchase one that has not been a rental, you may need to make modifications. Once you have gotten your property renovated and you’re ready to go, you’ll face the issue of finding good tenants through the screening process. You can certainly hire a property manager to help you out here, as well as to deal with repairs that come up later,or a professional real estate agent to help with the screenings but most small landlords are much better off doing this process themselves. Screen tenants carefully and don’t let emotional involvement get in the way. Set some standards regarding credit reports and income, and stick to them regardless of who walks in your door.

Don’t expect to make a profit at first. Your return on investment (ROI) is going to be small, even if you have done the math and figured out your rent cost as carefully as possible. Also, you should mentally prepare yourself for unexpected repairs which are going to bring down your profit margin and require some work on your part. The first three years of a rental property are, typically, the shakiest. If you’re committed to being a landlord, if you’re planning to stick with it, and you’re not afraid to roll up your sleeves, you can reasonably expect a decent profit at some point in the near future.

Tags: income producing, real estate investment, rental properties, rentals

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Posted by admin on Apr 9, 2008 in Buying, Marketplace, Real Estate

Investing in real estate property is something that many do in order to make profits. Some make an entire career out of it and others do it on the side to supplement their primary income. Other investors do so with the idea that they will keep ownership of the property and lease or rent it out for commercial purposes. Whatever the investment may do, there are certain checkpoints that an investor will want to accomplish before signing on the dotted line when obtaining a property.

1. Know your property

Visit the property you’re interested in at several different times of day or evening. The reason for that is that some things will look different in different lights. If there’s a shadow on the wall during the day and you come back as the sun’s going down or it already had and the shadow is still there, that might be a sign of a water problem behind the walls. If you only take a cursory glance at the property, you may end up missing things that will cost you down the line. Once is not enough. You should go through the property three or four different times and don’t forget to look at the exterior as well as the interior.

2. Bring an expert on a walk through

If you know someone involved in construction or another trade, there’s a good chance that they may know some things that you don’t when looking at the building. For example, you may think that a discolouration on the siding is due to sun damage over time. A trained expert may look at that same discolouration and tell you that it’s not sun damage, but instead there’s mold growing behind the siding. That’s a complete dramatisation of course, plenty of siding will fade because of sun, but it’s also something that could be hiding something else. An expert will be able to tell the difference. They will be able to see curling shingles and know the roof will need replacing shortly and give you a general idea of when. They will know that the basement looks brand new not because it was recently remodelled but because there was recent water damage and the owners had to make it look nice. They will also know how to double check and see if the owners fixed the problem correctly or just made it look good.

3. Know the potential use for the property

In knowing what the property will be used for, you will know exactly what will be needed in the property. It costs money to add things or take them away. Better to have a property that is perfect for the type of business that will use the space than have to spend money on adding bits later.

4. Know the background of the property

Don’t forget to stop by your local county building and research if there are any liens or back taxes owed on the property. The information is public which means that you are able to look it up with no restrictions. It’s free to do and usually easier to access than you may think. In some cases you can look up the information on the internet, but that will vary with each county.

Taking into account these points before deciding on the investment will save you both time and money. You will go into the investment armed with all of the knowledge that you will need to negotiate wisely and know that your property will yield you profitable results.

Finally, you should make sure that you use a professional real estate agent to help you find those commercial investmestment properties before everyone else gets to see them, also.

Tags: commercial, income properties, investment properties, investments, real estate investments

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The Housing Market in Berlin Township NJ – January 2008

Posted by admin on Apr 9, 2008 in Housing, Market Analysis, Marketplace, Real Estate, Selling, home inventories

The I-Team Homes has been marketing quite extensively in Berlin Township NJ. We provide housing market analysis for our clients. The following is the most current data we have for Berlin Township:

For the month of January 2008 -

•· Properties Actively Listed – 4

•· Average asking price – $220,675
•· Average Days on the Market – 88 days

•· Pending Sales (Under Contract, Not Settled) – 0

•· Properties that Settled in January – 8

•· Average sold price – $187,788 (95.3% of average asking price)
•· Average Days on the Market – 41 days
•· Number that sold with Seller Concessions – 4 (where seller gave some amount of net proceeds back to buyer toward buyer’s closing/settlement costs)
•· Number that sold without Seller Concessions – 4

•· Properties that Expired (Not Sold and Listing Agreement ended) in January – 2

•· Average asking price – $229,900
•· Average Days on the Market – 154 days

•· Properties that were Withdrawn from the Market by the Seller in January – 0

•· Average asking price – $0
•· Average Days on the Market – 0 days

We can provide you with a complete and accurate market analysis for your home with an analysis of the market area it is located in. By knowing the value of your home you have a basis to start selling your home. If you want to know the value of your home and to receive a no-cost home evaluation, please call our Real Estate Hotline toll-free at 1-800-374-8571 x3025.

If you are planning to sell your home and would like to receive a free 12 page report, “Insider’s Secret To Selling Your Home”, directly to your home. “Insider’s Secret To Selling Your Home” is a must have report for anyone planning on selling their home. Don’t wait, call now.

•· If you have an immediate need to sell your home, call 1-800-374-8571 x3051.

•· If you are planning to sell you home in the near future, call 1-800-374-8571 x3052.

When you call the above numbers you will will hear recorded instructions; you will not be directed to a live agent.

For first time home buyers, purchasing your first home can be a very stressful experience. We can help eliminate that stress and help you through the process. We work closely with many first time home buyers and understand your concerns. First Time Home Buyer Programs, 0% and No Money Down Programs, Conventional, FHA, and VA Financing (To Qualified Buyers). Seller Assist with Closing Costs, New Homes Existing Homes in Great Neighborhoods, Fixer Upper Properties. We search all of Camden, Burlington, Gloucester, Salem, Cumberland, and Atlantic Counties. Go to http://www.homes4firsttimebuyers.com/

Looking for a fixer upper property? Willing to put in some “sweat equity” to buy your next home at a bargain price. Get a complete listing of fixer uppers in your area by going to http://www.bestfixerhomes.com/

If you would like a free list of Fannie Mae homes currently for sale , go to: http://www.terryi.com/FNMA/.

Tags: berlin township, buyers, camden county, housing market, market trends, new jersey, real estate market, sellers

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The Housing Market in Berlin Boro NJ – January 2008

Posted by admin on Apr 9, 2008 in Housing, Market Analysis, Marketplace, Real Estate, Selling, home inventories

The I-Team Homes has been marketing quite extensively in Berlin Boro NJ. We provide housing market analysis for our clients. The following is the most current data we have for Berlin Boro:

For the month of January 2008 -

•· Properties Actively Listed – 12

•· Average asking price – $309,292
•· Average Days on the Market – 85 days

•· Pending Sales (Under Contract, Not Settled) – 1

•· Properties that Settled in January – 4

•· Average sold price – $272,500 (93.4% of average asking price)
•· Average Days on the Market – 43 days
•· Number that sold with Seller Concessions – 1 (where seller gave some amount of net proceeds back to buyer toward buyer’s closing/settlement costs)
•· Number that sold without Seller Concessions – 3

•· Properties that Expired (Not Sold and Listing Agreement ended) in January – 1

•· Average asking price – $315,000
•· Average Days on the Market – 275 days

•· Properties that were Withdrawn from the Market by the Seller in January – 3

•· Average asking price – $205,133
•· Average Days on the Market – 222 days