Real Estate in New Jersey
Real Estate in New Jersey
is a very valuable commodity.
Whether you are referring to North NJ, Central NJ or South
NJ; real estate in New Jersey has a tremendous amount of
value. This is if you are interested
in selling or buying.
This is from a recent article from
Courier Post
Few wealthy N.J. officials in delegation
Thursday, June 15, 2006
By DONNA DE LA CRUZ
Associated Press
WASHINGTON
New Jersey's
congressional delegation is collectively much poorer since multimillionaire
Jon S. Corzine left the U.S. Senate to become governor. The delegation
still has a few wealthy members, but the majority falls squarely in the
upper-middle or middle-class range.
Constituents were given a glimpse of the congressmen's wealth, or lack
of it, on Wednesday as Congress made public its financial disclosure
statements for 2005. Sen. Frank Lautenberg, D-Cliffside Park,
asked for an extension to file his statement, and has until July to do so.
The disclosures require lawmakers to list stock and real estate
holdings, mortgages and loans, incomes from jobs and investments, and
gifts. The value of each asset is presented only in a broad range, such as
$1 million to $5 million, making precise calculations impossible.
Lawmakers do not have to list a spouse's salary or the value of their
primary residence. They must list trips financed by others.
The state's 12 congressmen and two senators all had the same salary last
year of $162,100.
The disclosures show that:
Rep. Jim Saxton, R-Mount Holly, listed several transactions in which he
either bought or sold stocks or other holdings. He holds a mortgage on a
property he owns on High Street in Mount Holly.
Rep. Frank LoBiondo, R-Vineland, has a 401(k) plan with LoBiondo
Brothers Motor Express Inc. He also is a trustee with the Vineland YMCA.
Rep. Rob Andrews, D-Haddon
Heights, continued to
hold a 50 percent interest in the estate of an aunt, Olive Andrews, valued
between $15,000 and $50,000.
Sen. Robert Menendez, D-Hoboken, released his disclosure statement last
month. He collected $32,122 in rent from a Union City property. But after
subtracting expenses, his actual income was about $4,025. He is carrying a
mortgage of between $100,001 to $250,000 on that property.
Tip #23
Home Buying Tip, Big Ticket Items:
Before you buy a home
you should avoid buying any big ticket items. When this is found out during the
credit process or reporting it can make mortgage banks nervous.
Even if you will be able to get a loan, you might not be able to get
the best available interest rate.
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Tip #24
Home Selling Tip, Listing Right:
A common mistake when people list their house (especially in a buyers’
market) is list the house at a high price that they don’t
anticipate to sell it at. They
figure that if they get it then GREAT but if not they can always lower
the price.
This is not a good practice because what mostly happens is it will
stay on the market for a while and make potential home buyers nervous because
it’s been on the market so long.
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