6 Forms you will need to Sell your Home

Forms You’ll Need to Sell Your Home
1. Property Disclosure Form: This form requires you to reveal all known defects to your property. Check with your state government to see if there is a special form required in your state.
2. Purchasers Access to Premises Agreement: This agreement sets conditions for permitting the buyer to enter your home for activities such as measuring for draperies before you move.
3. Sales Contract: The agreement between you and the seller on terms and conditions of sale. Again, check with your state real estate department to see if there is a required form.
4. Sales Contract Contingency Clauses: In addition to the contract, you may need to add one or more attachments to the contract to address special contingencies—such as the buyer’s need to sell a home before purchasing yours. 5. Pre- and Post-Occupancy Agreements: Unless you’re planning on moving out and the buyer moving in on the day of closing, you’ll need an agreement on the terms and costs of occupancy once the sale closes.
6. Lead-Based Paint Disclosure Pamphlet: If your home was built before 1978, you must provide the pamphlet to all sellers. You must also have buyers sign a statement indicating they received the pamphlet.

CENTURY 21 JRS Realty Posts New Record

What Slow Market?????

CENTURY 21 JRS Realty has just posted one of the company's best months in recent history. In May 2007, CENTURY 21 JRS Realty listed 16 homes for sale and posted 7 contracts for buyer clients "This company is growing by leaps and bounds." said Company leader JR Sangiuliano "We have a very hard working, motivated group of agents that are well trained and know what it's like to work 10 to 12 hour days." JR continued. CENTURY 21 JRS Realty only hires and trains full time hard working career Realtors to assist the clients in the area. The Real Estate market may have taken a dip, but CENTURY 21 JRS Realty has more homes for sale then ever before. Buyers are still buying, mortgage rates are still low, and the market has been more active for the agents in CENTURY 21 JRS Realty that work this career. The use of technology is very important to the agents at CENTURY 21 JRS Realty. They utilize 10 web sites, E-mail, Text messaging, and much more. "After getting rid of much dead weight we started from scratch 3 years ago with 4 full time agents and one office. Now we have 15 full time agents and 2 local offices." JR said. "We cannot keep everyone around if they do not live up to the standards I have set for the company, but what we do have are the agents that have decided they want to handle this career the right way and live by the right core values." Sangiuliano added. CENTURY 21 JRS Realty has offices in Clark and Rahway to serve the local public with quality service and even backs up that promise with a pledge that allows clients to be released from their contract with CENTURY 21 JRS Realty if they so choose, no other company offers that incentive.

For Sale By Owner Help Center

Is Your Buyer Qualified?
Unless the buyer who makes an offer on your home has the resources to qualify for a mortgage, you may not really have a sale. If possible, try to determine a buyer’s financial status before signing the contract. Ask:
1. If the buyer has been prequalified or preapproved (better) for a mortgage. Such buyers will be in a much better position to obtain a mortgage promptly.
2. Does the buyer have enough money to make a downpayment and cover closing costs? Ideally, a buyer should have 20 percent of the home’s price as a downpayment and between 2 and 7 percent of the price to cover closing costs.
3. Is the buyer’s income sufficient to afford your home? Ideally, buyers should spend no more than 28 percent of total income to cover PITI (principal, interest, taxes, and insurance).
4. Does your buyer have good credit? Ask if he or she has reviewed and corrected a credit report.
5. Does the buyer have too much debt? If a buyer owes a great deal on car payments, credit cards, etc., he or she may not qualify for a mortgage.

For Buyers

8 Ways to Improve Your Credit
Credit scores, along with your overall income and debt, are a big factor in determining if you’ll qualify for a loan and what loan terms you’ll be able to qualify for.
1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.
2. Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.
3. Don’t charge your credit cards to the maximum limit.
4. Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.
5. Don’t order items for your new home you’ll buy on credit—such as appliances—until after the loan is approved. The amounts will add to your debt.
6. Don’t open new credit card accounts before applying for a mortgage. Having too much available credit can lower your score.
7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.
8. Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.
This information is copyrighted by the Fannie Mae Foundation and is used with permission of the Fannie Mae Foundation. To obtain a complete copy of the publication, Knowing and Understanding Your Credit, visit http://www.homebuyingguide.org/

Fun Day in Rahway

HOT RODS & HARLEY DAY in RAHWAY

HOT RODS & HARLEY DAY

This week end marks the second time CENTURY 21 JRS REALTY participated in the Town of Rahway Hot Rods & Harley Day. On Saturday May 12th, 2007 from 11AM to 6 PM CENTURY 21 JRS REALTY agents gave out free items to the people of Rahway. This is a great event that features old muscle cars and hot rods from to 50's and 60's on display for all to see. CENTURY 21 JRS REALTY had more than 15 agents and assistants on hand handing out free cookies, raffle tickets for a free TV, balloons, and face painting for the children. This was a great event and we are happy to support our towns.

Congratulations Graduates

Congratulations CENTURY 21 JRS REALTY Graduates

Today is Graduation day, and although our agents have been out of school for many years they are all graduating again. Today is the graduation day for the SMART TRAINING PROGRAM that 7 CENTURY 21 JRS REALTY agents have been involved in for 7 weeks. This program has given these 7 agents skills, knowledge, and awareness that will be a benefit to them for the rest of their Real Estate careers.
The real benefit will be felt by the clients and customers that are taken care of by these CENTURY 21 JRS REALTY agents. Punit, Joe, Chandresh, Audra, Jessie, Simi, and Marci now have more information, respect, and accountability than any other agent in New Jersey. These additional quality improvements will be a major benefit to clients and customers all over this state. This training program sets these agents apart from your average run of the mill realtor in today's market. Attending a program of this magnitude shows willingness to learn and improve as well as the desire to be in control of your career and life.
As a company LEADER I could not be more proud to know these wonderful people, and I am blessed to have them working with my company and me. These 7 agents are a credit to themselves and the Real Estate industry. Anyone looking to by or sell a home would be blessed to have any one of these great agents working to assist with their transaction.

Graduates

Joseph Pizzi E-mail: josephpizzi@yahoo.com

Audra Loccisano E-mail: Auroura828@aol.com

Jessie Kinsella E-mail: Jessie141@aol.com

Punit Shah E-mail: Punit.shah@century21.com

Simi D'sousa E-mail: Simibiz@gamil.com

Chandresh Shah E-mail: csshahdd@bww.com

Marci Hodges E-mail: Hodg7mr@aol.com

Congratulations Graduates I am very Proud of All of You!!!!!

JR Sangiuliano

10 Tip for 1st Time Home Buyers

10 Tips for First-Time Homebuyers:

1. Be picky, but don’t be unrealistic. There is no perfect home.

2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your down payment and your closing costs

4. Don’t wait to get a loan. Talk to a lender and get pre-qualified for a mortgage before you start looking.

5. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as type of mortgage terms that suit you best.

8. Don’t let yourself be house poor. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.

9. Don’t be naive. Insist on a home inspection and if possible get a warranty from the seller to cover defects within one year.

10. Get help. Consider hiring a REALTOR® as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment.

What's New @ CENTURY 21 JRS REALTY

What's NEW!!!
If you are not up with the times you are behind the times. CENTURY 21 JRS Realty with offices in Clark and Rahway New Jersey have two offices of agents that are forward thinking and definitely up with today's technology. "Our agents have all the latest technology from hand held devices to lap top listing presentations" Company Leader JR Sangiuliano says.
CENTURY 21 JRS Realty is part of the number 1 Real Estate franchise in the world. With more offices, agents, and homes sold world wide CENTURY 21 is the BEST. CENTURY 21 JRS Realty has added many new and exciting ideas to its menu of services to its clients and customers. CENTURY 21 JRS Realty now has a personal blog, over 10 web sites for marketing client listings, a new and more informative company web site, personal web site dedicated to one single home and homeowner, and no money down mortgage opportunities for qualified home buyers when most other companies are turning those customers away.
CENTURY 21 JRS Realty puts all new technology in 2 categories that benefit its clients and customers. The first category is technology that allows quick responses to clients and customers with information. Today Realtors need to be able to attend to the concerns of clients immediately, with cell phones, v-mail, e-mail, text messaging and mobile command centers CENTURY 21 JRS Realty agents are equipped to do just that. The second category of technology deals with exposure of clients homes to potential buyers. Today's real estate market conditions require an agency to diversify the medias in which client homes are marketed. It is no good anymore to just put up a sign and enter the listing in the MLS, buyers must be found over a multitude of media sources. CENTURY 21 JRS Realty markets its clients homes in many different media avenues to ensure every buyer see its office listings . One of the most important things CENTURY 21 JRS Realty agents are doing to find buyers for their clients homes is a series of HOME BUYER SEMINARS free to the public. These seminars are directed to informing home buyers about the process in which to take in order to buy a home. CENTURY 21 has held seminars at the Crown Plaza in Clark New Jersey and at Commerce bank in Linden New Jersey. The office is planning a series of 8 seminars in Kenilworth New Jersey for this summer. CENTURY 21 JRS Realty advertises in more than one magazine every month, local news papers on the weekends, more than 10 web sites connected to 100's of search engines, and now offers personal web sites dedicated to one homeowner and one home. No more searching through thousands of listings to find one home. Now each home has its own personal site usually with the address of the property as the web site address.
CENTURY 21 JRS Realty is extremely proud of all the new and exciting ideas that have been implemented recently. CENTURY 21 JRS Realty has the most responsible, hardest working, and most intelligent agents in the industry.

All CENTURY 21 JRS Realty Agents

• Always live by the "Get by Giving" rule.
• Always conduct their business with the clients #1 concern as their #1 concern.
• Always live up to our standards regardless of pressures by local Realtors to lower them
• Always work toward a common GOOD
• Always do what they say they will do, sometimes more but NEVER less

How to sell in a homebuyer's market

How to sell in a homebuyer's Market
Real estate marketing pro shares her tips for selling in tougher conditions. By Marilyn Lewis

Has it been a while since you sold a house? Things have changed in the last six months.
Angela Stamoulos, an education manager for Coldwell Banker Residential Brokerage in Massachusetts and Rhode Island, trains agents to educate sellers about the changed market.
The trick these days, she says, is to distinguish your property from the large number of similar homes in the same price bracket. "These wallflowers are the big problem right now, from the point of view of sellers and real estate agents," she says.
Stamoulos' tips:

1. Don't let your property languish while new, competitive inventory is building up. Price it right initially to give buyers a sense they are getting a value for their money and to avoid numerous, incremental price reductions that reek of desperation.
2. If you get a lot of activity -- visits and second showings -- don't respond instantly to an offer. Tell buyers you'll allow a couple of days to give adequate time for multiple house hunters to view your home. Even in this difficult market, Stamoulos says, well-priced properties are bid up over the asking price.
3. Educate yourself about your local market. Ask agents for these statistics, including comparisons from last year:
*Inventory. The number of homes currently on the market.
*Days on the market. The length of time properties are staying on the market.
*Average sale price. This is helpful information, but it can be skewed by, for example, numerous high-end properties sold. The average price in your market may still be $350,000, just as it was last year, but today $350,000 may buy a lot more house.
*Median price. This is the price at which half of the homes sold for more and half sold for less.
*List-to-sell ratios. This ratio, expressing the list price of homes over the selling price, will reveal drops in prices. Ratios are given for periods of time -- say, a month or a quarter -- showing the effect of price reductions on time on the market.
4. Find the agent who can expose your property to the most buyers:
Ask whether the company is part of a larger company or network. How many agents does the company employ to promote your property to buyers? The more the better.
Use Alexa Internet to compare agencies' Web-site traffic. Be sure to compare local -- not national -- Web sites when checking local offices of national companies.
Learn about the agency's overall marketing strategy. Do they use newspaper ads? E-mail? Their Web site? What's their marketing plan for your property?
To screen agents, interview several, asking each for their market data and their interpretation of local trends.

The World's Most Powerful Brands

Move over Microsoft, there's a new brand king in town. At least according to market research firm, Millward Brown Optimor. In its annual list of the top 100 most powerful brands, Google now replaces Microsoft as the world's top brand.
An article from Reuters points out that Google, which ranked No. 7 just one year ago, made the leap to the top spot with very little advertising. While Microsoft, on the other hand, slid down into third place despite the huge marketing push behind the Windows Vista operating system.