Posted by
terryriw on Dec 27, 2009 in
Buying,
Real Estate If you are thinking about the home you want in the coming year, this is a good time to compile your wish list, whether you’re looking to Santa or not.
After writing your dreams and wishes, your list of must-haves comes next.
Give yourself the gift of time to create the lists. You can enjoy that time whenever a new idea comes to you, whether it’s in the middle of the day or in the middle of watching NCIS on television.
Builders of up-scale homes say a state-of-the-art kitchen, walk-in closets and whirlpool tubs rank as the three most-coveted elements Americans over age 25 want in their dream homes. The survey of builders was made by market-research firm GFK Roper.
Your own list will be a lot longer as your customize it according to how your family lives. Fortunately, most of your needs today can be met by an existing home, and many of your wishes can be fulfilled at the same time.
A dream home doesn’t have to be a palace, but with home prices at their current levels, dreamers have the opportunity to buy more than they could in earlier times.
A few things parents may want to include in their list:
* A separate laundry room.
* A mud room with a half bath attached for washing up.
* Extra storage space for toys and sports equipment.
* Large kitchen with space for family dining.
* Fenced yard to keep small kids and big dogs contained.
No home will have them all, but many will have other amenities you will like even better.
If you’re a baby boomer or beyond, that home could be your reward for a lifetime of work service to others.
Terry Iwaniw
REALTOR Associate
ReSales & Investment Realty, LLC
Off: 856-795-3111 x263
Cell: 609-417-1086
http://www.sellmysnjhome.com
http://snjrealestate.ning.com
http://www.snewjerseyhomes.com
Connect on Facebook – http://profile.to/terryiwaniw
Tags: dream home, home buying, selecting the right home
I have prospective buyers asking me if FHA mortgages are a good deal these days, or are they strictly for lower-income home buyers?
In the past, most Federal Housing Administration (FHA) loans were made to lower-income borrowers. In fact, that is why FHA was established. In the 1930s, a working person would have to save 50 percent of the value of a house before being able to get a mortgage. The FHA changed that with programs that guaranteed loans made to people with lower down payments.
FHA itself does not actually lend money or set interest rates. Instead, it guarantees loans, insuring that private lenders are protected against defaults on loans. Today the FHA has a variety of loan guarantee programs for first-time borrowers, reverse mortgages, and refinances. The percentage of FHA loans in the mortgage market is about 25 percent.
In fact, while FHA loans still require smaller down payments and often have low interest rates, not all FHA borrowers are low income. In areas where real estate is expensive, borrowers can take FHA mortgages for as much as $729,750 but the limits vary from place-to-place. I can discuss FHA limits and requirements with you if you think such a loan would be good for you.
There are a lot of reasons people look to FHA loans. Today, if you want to make a down payment of less than 10 percent, you almost certainly will have to do an FHA loan. Borrowers can get a home mortgage for as little as 3.5 percent down.
As a government-insured loan, an FHA mortgage has easier credit qualifying guidelines than most lenders. Today, nearly all lenders require a credit score of 700 or more to qualify for a conventional mortgage. FHA credit score requirements are slightly lower.
Nonetheless, there is no guarantee that an FHA mortgage is a better deal than a conventional one. As always, shop around and deal with a reputable lender.
Tags: mortgage loans, mortgages, mortgages types
Posted by
admin on Dec 27, 2009 in
Marketplace,
Real Estate If you are thinking of buying a home, you might be confused about the many issues in the news from mortgage rates to mortgage bills in Congress.
But the fundamentals of buying a home really haven’t changed and, in fact, there are new incentives on the horizon that should make home buying more attractive than ever.
There are plenty of homes on the market in every price range and if you want one of them, you need only do what generations of people have done. You just have to pay attention to these basics:
First, cultivate good credit by prudent living. Pay your bills and pay them on time. Use credit sparingly. If you do this, you’ll earn a good credit score, which is crucial to getting a good interest rate. Research shows that many consumers believe that they have to have a high income to have a high credit score, but that’s not true. In fact, income is irrelevant to your credit score. Your credit score is a rating based on how well you live up to your obligations, pay your bills and use your credit.
Second, save money for a down payment. In the current climate, most lenders will ask you to bring some cash to the table in a mortgage deal.
Third, find a house you love but can also afford. One path to financial freedom is to buy a modest house and build equity. When you decide to move up, you can sell your house and take a large chunk of the money from the sale and apply it to your new home. Your payment is lower while you live better. It’s the good, always-in-fashion way to live.
Tags: american dream, buying a home, real estate in camden county, real estate in gloucester county, real estate in new jersey, the real story
Posted by
admin on Dec 14, 2009 in
Misce4llaneous 1) Inspect all electrical cords, wall plates, and plugs for damage and wear. Check gauge on all fire extinguishers: recharge or replace if necessary.
2)Service snow removal equipment and have rock salt on hand to melt ice on walkways.
3)Insulate pipes that pass through unheated areas. Your home’s crawl space and attic are two such areas.
4)Lubricate the garage door, the automatic door opener mentor, chain, etc, and ensure the auto-reverse mechanism is properly adjusted. Replace filters in heating and cooling systems.
5) Vacuum bathroom fan grille. Vacuum radiator grilles on back of refrigerators and freezers, and empty and clean drip trays.
6) Inspect clothes washer hoses for wear or damage.
7) Make certain any kitchen, laundry, and bathroom ventilation systems are functioning properly and filters are replaced routinely.
8)Clean the dryer vent duct. Wash and clean lint screen on dryer to eliminate fabric softener build up.
9)January is Radon Action Month. The U.S. EPA recommends all homeowners test for radon and retest every two years. Contact an Safe & Sound Home Inspections to schedule a test.
10) Clean or replace filter in range hood.
11) During moderate rain, inspect gutters and downspouts for leaks. If any leaks are noticed, plan on caulking them during dry weather. Clean and inspect culverts and drainage tiles Broadcast grass seed on or about last day of winter
Tags: home maintenance, winterizing your home
Posted by
admin on Dec 13, 2009 in
Listing,
Marketplace,
Real Estate,
for sale
4 Bedroom, 2.5 Bath 2 Story HUD Owned Single Family Home (IE5630276)
Location: Maple Glen
Make the next big step in this 2-story 4-bedroom/2.5-bath HUD owned home on 0.46 acres in Atco. This comfortable floor plan delivers a traditional dining room, relaxing family room, casual living room with carpeting, fireplace for winter days, laundry with w/d included, kitchen with dishwasher, electric range, refrigerator, pool, deck, porch, 1-car garage, fenced yard, patio.All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $215,000
Additional Pricing Information: HUD requires deposit at time of offer.HUD requires proof of funding or mortgage pre-qual at time of offer.Contact agent to request Property Condition Report.
Property Location
1100 Beechwood Dr
Atco, NJ 08004
View Map
Features
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1979
Subdivision: Maple Glen
Lot Size: 20088
Garage Size: 1
School District: Wateford Twp
Square Footage: 2215
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5630276
HUD will allow escrow for repairs: Yes
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: $1500
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Exterior Amenities
Patio
Swimming Pool
Grass Lawn
Tags: atco homes for sale, homes for sale, homes for sale in atco, homes for sale in camden county, homes for sale in waterford twp, hud owned homes for sale, single family home for sale
Posted by
admin on Dec 13, 2009 in
Listing,
Marketplace,
Real Estate,
for sale
4 Bedroom 2.5 Bath 2 Story Home For Sale in Atco (UI5622828)
Location: Ivystone
A large 3 Bedroom 2.5 Bath HUD owned twin/duplex home has a fireplace, sliding glass doors leading out to the patio, a fenced yard on a corner lot. This home has a kitchen with a breakfast area, 1 car garage, spacious living room with a fireplace, master bedroom with its own bath, and dining room.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $165,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Features
Bedrooms: 4
Bathrooms: 2.5
Year Built: 1964
Subdivision: Ivystone
Lot Size: 20400
Garage Size: 1 car
School District: Waterford Twp
Square Footage: 1720
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5622828
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
Tags: homes for sale, homes for sale in atco, homes for sale in camden county, homes for sale in waterford twp, single family home for sale
Posted by
admin on Dec 13, 2009 in
Listing,
Marketplace,
Real Estate,
for sale
3 Bedroom 2.5 Bath Bi-Level Home For Sale (IE5616622)
Location: Woodshire Mews
Experience the value of ownership at this HUD owned bi-level home on 0.20 acres. Features include 3 bedrooms, 2 bathrooms, casual living room with carpeting, relaxing family room, tasteful dining room, finished, walk-out basement, laundry with w/d included, open kitchen with dishwasher, garbage disposal, laminate countertops, gas range, microwave, some appliances, home office on lower level, deck, off-street parking, fenced back yard for the pets, sliding glass doors. All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $135,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
2809 New Brooklyn Erial Rd
Sicklerville, NJ 08081
View Map
Features
Bedrooms: 3
Bathrooms: 1
Parking Spaces: Driveway
Year Built: 1992
Subdivision: Woodshire Mews
Lot Size: 8625
School District: Black Horse Pike Regional
Square Footage: 1108
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5616622
HUD will allow escrow for repairs: Yes
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Microwave
Tags: homes for sale, homes for sale in camden county, homes for sale in erial, homes for sale in gloucester twp, single family home for sale
Posted by
terryriw on Dec 13, 2009 in
Listing,
Marketplace,
Real Estate,
for sale
5 Bedroom 1.5 Bath Colonial Style Home for Sale in Gibbstown (UI5622846)
Location: Gibbstown, NJ
Enjoy a comfortable lifestyle in this 5-bedroom/1.5-bath HUD owned Colonial home on 0.44 acres in Gibbstown. Great features include a casual living room with carpeting, dining room, sunny kitchen with laminate countertops, double sinks, basement laundry, in-ground pool, 1-car garage. This 1,965 sq ft home is only a short drive to I-295. All properties are sold in ‘As Is’. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $150,000.00
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
933 Ladner Ave
Gibbstown, NJ 08027
View Map
Features
Bedrooms: 5
Bathrooms: 1.5
Year Built: 1939
Lot Size: 19215
Garage Size: 1 car
School District: Paulsboro
Square Footage: 1965
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5592059
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: No
Deposit required with offer: 1500
Tags: homes for sale, homes for sale in gibbstown, homes for sale in gloucester county, single family homes for sale
Posted by
terryriw on Dec 13, 2009 in
Listing,
Marketplace,
Real Estate,
for sale
Invest In Your Future! 2 Bedroom, 1.5 Bath Cape Cod Home For Sale (IN5616665)
Location: Westside
Invest in your future with the purchase of this HUD owned Cape Cod 2-bedroom/1.5-bath home in Haddon Heights. Features include a relaxing family room with fireplace, intimate living room with carpeting, open kitchen with some appliances, gas range, laminate countertops, basement laundry, possible 3rd bedroom second floor, in-ground sprinkler system, New EP Henry pavers and wall, security system with automatic dial-up, water softener and newer hot water heater. Property is sold in ‘As Is’ but is in move-in condition. Close to NJ Turnpike, Interststate 295 and short drive to Walt Whitman Bridge into Philly. Please call Terry for more information.
Information
Contact Information
Terry Iwaniw
Direct: 609-417-10
Office: 856-795-3111 x263
Pricing
Price: $169,200
Additional Pricing Information: ALL PROPERTIES ARE SOLD IN ‘AS IS’ CONDITION.SELLER MAKES NO REPRESENTATIONS OR WARRANTIES CONCERNING THE CONDITION OF THE PROPERTY AND DOES NOT GUARANTEE THAT THE PROPERTY IS FREE OF HIDDEN OR VISIBLE DEFECTS. BUYER IS RESPONSIBLE TO TAKE ACTION TO SATISFY HIMSELF THAT THE PROPERTY IS IN A CONDITION ACCEPTABLE TO HIM. SELLER WILL MAKE NO REPAIRS. BUYER IS ENCOURAGED TO HAVE A HOME INSPECTION TO IDENTIFY ANY DEFECTS.
Property Location
2031 Maple Ave
Haddon Heights, NJ 08035
View Map
Features
Bedrooms: 2
Bathrooms: 1.5
Parking Spaces: Driveway
Year Built: 1948
Subdivision: Westside
Lot Size: 6250
School District: Haddon Heights
Square Footage: 1508
Agent Name: Terry Iwaniw
Broker: R & I Realty, LLC
MLS #: 5616665
HUD will allow escrow for repairs: No
Will qualify for FHA loan w/o repairs: Yes
Deposit required with offer: 1500
Tags: camden county homes for sale, homes for sale, homes for sale in haddon heights, single family home for sale
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