This
is
the largest of the Admiral’s Walk 2
bedroom units at approximately 1,493 square feet plus 2 terraces of
approximately
255 square feet. Move up to the admiral’s walk resort-type lifestyle.
Lovely, immaculate and renovated, it faces the George WashingtonBridge
and Manhattan’s
upper
west
side and beyond. Open renovated kitchen with granite counters.
Gorgeous Brazilian cherry hardwood floors throughout. Neutral bathrooms
with
marble counters. Washer/dryer in unit. One assigned outdoor parking
space.
Outdoor pool, tennis, private walkway, updated gym, party room on the
Hudson
and more. NYC ferry just steps away. Full service complex with 24-hour
gatehouse and concierges. Walk to parks, marina, shopping, restaurants
and
more. Be here in time for your first outdoor barbeque.
ADMIRAL’S
WALK
is one of the premier Hudson
River Waterfront communities with a resort-like 8+ acres of a park-like
setting. Amenities galore include 24 hour Concierge Service and
Gatehouse, outdoor pool, newly renovated gym, new landscaping, private
walkway
and jogging path, tennis courts, basketball and a grocery store on
premises.
You can roll out of bed and onto the NYC bound ferry that will whisk you
to NYC
in a short 12 minutes or take the 158 bus to the Port Authority.
Shopping, restaurants, schools and more are all within walking distance
from
your door.
As
an added plus, Edgewater has one of the
lowest tax rates of the entire Bergen County.
hard for our family and helped us sell our condo
in a tough market. She was always present for showings, gave us great advice about staging and showing the home and became a good friend to us as well. She also spent hours (and hours) with us showing us homes in Northern NJ area and we found our new home through her as well. I would recommend Lois to anyone thinking about buying or selling in this area. She knows her business and is an absolute pleasure to work with.
Thanks Lois. Things are great here! There’s a
lot of work to do, but it’s already starting to feel like home.
You know that I can’t say enough about all that you did for me. I knew
after my first conversation with you, that you were head and shoulders above
any other realtor I had met. Not only were you familiar with all of the
areas that I was looking at moving to, you knew the details of each building,
along with their amenities, transportation and shopping options and overall
value. You listened to what I wanted, helped me narrow down my choices
and made sure that I got everything I asked for. And if that wasn’t
enough, you got me at better price than I could have ever imagined. I
thank you very much for all your hard work and I will be referring you to all
of my friends!
It takes more than a for sale sign in the yard
or an MLS listing to sell a property. I enthusiastically recommend Lois Fein as
a highly skilled, creative, professional realtor. If you are trying to
sell a condo or home in Northern New Jersey, you will not find another person
who will work harder for you. She gets the job done using her experience,
dedication and a great eye for detail. In
today’s market, a home will not sell itself and in my case, it was a bigger
challenge. The condo was vacant, I live out of state and this particular
property had received some inaccurate press that just made a bad situation
worse. For 2 years it sat empty with little traffic, two failed offers
and a huge lack of communication between the previous realtor and me. It
was obvious to me when I popped in for an unannounced visit and found a very
dirty apartment filled with fruit flies, streaked windows and dust everywhere,
that I had the wrong realtor.
So out of
desperation I searched the internet and luckily found Lois. I read a testimonial about her and now I
write my own unsolicited story to anyone who will read this. I hired Lois in September, 2009. We sold the
condo in January, 2010 – less than 90 days later. As an out of town owner, I had to rely on
Lois to recommend and then coordinate all repairs, taking cost into account and
getting the jobs done fast and correct. After the mini face lift she had
done to the condo, she had a professional photographer take high resolution
photos. If only I had the before and
after pictures of what my prior realtor was putting out compared to these
breathtaking professional, magazine quality photos prepared by Sotheby’s.
Lois recommended virtual staging vs. actual staging which saved me thousands of
dollars. Other realtors don’t even know about this process.
Lois is very
frugal and creative with her clients’ money. Other realtors who I
interviewed tried to talk me into spending lots of money on items that I did
not feel would be noticed. Lois has the eye to see the potential and the
skill to market your property rather than relying on the property to sell
itself.
Once we prepared
the condo for sale, even in this terrible economy, we had lots of interest
right away. A bonofide offer came in
less than 2 months. Lois also proved to be a savvy negotiator. Lois
knew all the necessary real estate rules as well as information about the Roc
Harbour rules. I think I would have lost the sale without her expertise.
The only way I
can truly thank her for all that she has done for my family is to tell the
world that not all realtors are the same. She was honest and didn’t try
to over inflate the value of the property to persuade me to sign. In fact,
she encouraged me to take the time and read the contract and ask her questions
before we took the next step. When you hire Lois Fein it’s a
partnership. She treats you as if you were a long time friend. You
will feel like her only client even knowing that there are many others. To get
the job done right, call Lois Fein. You
will be glad you did.
Now that my own personal
housing crisis has come to a successful conclusion I want to say that I can’t
thank you enough for your valuable insight and advice, as well as your actions
on my behalf.
Having had the property on
the market for 18 months (with 2 different brokers) and without so much as a
bidder, in the first fifteen minutes of our first meeting you gave me the best
advice I could have received when you explained that my house had no curb
appeal. It made me look at the property from the prospective buyer’s
viewpoint, rather than my own as the seller. I realized that if I were that
buyer, I wouldn’t have even wanted to go through the place based on the
exterior.
The money I spent to
correct that was money well spent and this was proven by the fact that within
weeks of putting the property back on the market we had a buyer which led to
our successful closing today.
Should you ever need a
recommendation please do not hesitate to put that person in contact with me.
Senate Clears Homebuyer Tax Credit Extension; MayPass
as Early as This Week
By Steve Cook and Brett Arends
RISMEDIA,
November 5, 2009—After two weeks of delay, the Senate cleared the way to pass a
seven month extension and expansion of the tax credit for homebuyers. By an 85
to 2 roll call vote, the Senate voted to cut off debate on a package of
measures that includes the homebuyer credit, making it virtually certain that
the legislation will reach President Obama for his signature this week.
The
homebuyer tax credit, due to expire at the end of November would be
extended through April 30 of next year. First-time buyers who are in the
process of making a purchase would not need to worry about qualifying for the
$8,000 credit if they close after the November 30 deadline.
RISMEDIA,
October 28, 2009—Data through August 2009, released by Standard & Poor’s
for its S&P/Case-Shiller Home Price Indices, one of the leading measures of
U.S. home prices, show that the annual rate of decline of the 10-City and
20-City Composites improved compared to last month’s reading. This marks
approximately seven months of improved readings in these statistics, beginning
in early 2009. The annual returns of the 10-City and 20-City Composite Home
Price Indices, declined 10.6% and 11.3%, respectively, in August compared to
the same month last year. Nineteen of the 20 metro areas and both Composites
showed an improvement in the annual rates of decline with August’s readings
compared to July. Cleveland was the only exception.
In our ongoing effort to
educate our community about today’s relevant real estate topics, we are sending
you this Top 5 Real Estate Social Networking System® “e-Article”.If you find the enclosed information beneficial
to your family and friends, we encourage you to forward it to your “social
network" as well.Please give us
your feedback, which is very important to us.
What You Need to Know About Buying an Urban
Property
Whether it’s a waterfront condo or a downtown brownstone, multi-family
dwellings like condos and lofts are gaining appeal for those considering
downsizing, buying a second or vacation home, or desiring a shorter commute to
work. As Members of the Top 5 in Real Estate Network®, we are often asked for our
advice on the best way to go about choosing and buying an urban home. Here are
some great tips we’d like to share from Frontdoor.com:
1. Consider co-ops.
In many high-priced cities, like New York, Chicago [and Fort Lee],
cooperatives (co-ops) are the easiest way to break into homeownership. About
80% of the housing stock in Manhattan,
for example, is co-ops. Co-ops, however, all have different financial
standards. It’s important to be up front with your real estate agent so they
know what you’re qualified to buy.
If you don’t have the cash to make a 20 – 25% down payment, some co-ops will
allow you to use gift money, while others will not.
Also, some co-ops require that you have a certain amount of cash reserves after
the purchase—sometimes equal to the purchase price. Putting all your financial
information on the table can help your agent find a co-op that’s perfect for
you.
2. Explore emerging
neighborhoods.
You might be able to get a deal on an urban property in an up-and-coming area,
but make sure the area is well on the upswing before you buy. An emerging
neighborhood can take several years to redevelop. To make sure it’s a good time
to buy, investigate the area—see what stores, restaurants or cultural
establishments have recently opened or are planning to open in the area. These
are always good indicators of neighborhoods on the rise.
3. Investigate a
potential building’s financial condition.
When you buy a condo, loft or co-op, you’re not just buying a property—you’re
also buying into the building or community. HOAs (Home Owner Associations)
govern condo communities, collecting dues and maintaining the common areas. A
board of directors takes care of these tasks in a cooperative.
Hire an attorney to research the association’s financial stability and its
rules before you sign on the dotted line. Your attorney should look at the
corporation’s yearly financial statements to see how much money it has on hand.
If a building doesn’t have a large reserve, they can charge a special assessment
fee to cover a big repair. These fees are typically announced fairly far in
advance (a year or more is normal), so your attorney should also read the
minutes of corporation meetings to see if any fees have been proposed.
You can also do some of your own investigating. Don’t forget to find out about
the surrounding buildings and their construction plans as well. You don’t want
to buy a home overlooking the water, then find out the week you move in that
someone is building something taller that blocks your view.
4. Don’t plan to buy a
co-op as an investment property.
Multi-family homes can be great investment properties, but co-ops have very
restrictive rules about renting. While condos are typically much more lenient
about rentals, be sure to check the property’s covenants, conditions and
restrictions (CC&Rs) to make sure you’re allowed to lease it to a tenant.
For many, today’s marketplace represents a great opportunity to buy an urban
dwelling that may have been out of reach in years past. If you would like more
information on purchasing urban properties, especially on the Hudson River Gold
Coast, please e-mail
us—and please feel free to forward these tips to members of your social
network who might also find it beneficial. Thanks.
Sincerely,
Lois and John
Lois Feinand John Schwartz
Prominent Properties Sotheby’s International Realty
Top 5 in Real Estate Member
Existing-home
sales bounced back strongly in September with first-time buyers driving much of
the activity, marking five gains in the past six months, according to the National
Association of REALTORS®.
Existing-home sales—including
single-family, townhomes, condominiums, and co-ops—jumped 9.4 percent to a seasonally
adjusted annual rate of 5.57 million units in September from a level of 5.10
million in August, and are 9.2 percent higher than the 5.10 million-unit pace
in September 2008. Sales activity is at the highest level in more than two
years, since it hit 5.73 million in July 2007.
Lawrence Yun, NAR chief
economist, said favorable conditions matched with a tax credit are boosting
home sales. “Much of the momentum is from people responding to the first-time
buyer tax credit, which is freeing many sellers to make a trade and buy another
home,” he said. “We are hopeful the tax credit will be extended and possibly
expanded to more buyers, at least through the middle of next year, because the
rising sales momentum needs to continue for a few additional quarters until we
reach a point of a self-sustaining recovery.”
Even
with the improvement, Yun said the market is underperforming. “Despite
spectacular gains in the stock market, principally from the financial sector
recovery, most of the 75 million home-owning families have more wealth tied to
their homes. Home values could soon turn consistently positive and help the
broad base of middle-class families, but we are not there yet,” he said.
Conditions
for First-Time Buyers Early
information from a large annual consumer study to be released on Nov. 13, the
2009 National Association of REALTORS® Profile of Home Buyers and Sellers ,shows
that first-time home buyers accounted for more than 45 percent of home sales
during the past year. A separate practitioner survey shows that distressed
homes accounted for 29 percent of transactions in September.
NAR
President Charles McMillan said affordability
conditions remain historically high. “Potential first-time buyers can take
heart in that affordability conditions this year are the highest on record
dating back to 1970, but with the first-time buyer tax credit scheduled to
expire at the end of next month, people could hold back from entering the
market,” he said. “Our read is that housing overshot on the downside because
homes are selling for less than replacement construction costs in much of the
country, and the home price-to-income ratio has fallen below the historical
average.”
Inventory
Falls Total
housing inventory at the end of September fell 7.5 percent to 3.63 million existing
homes available for sale, which represents an 7.8-month supply at the current
sales pace, down from an 9.3-month supply in August. Unsold inventory totals
are 15.0 percent below a year ago.
“The
current housing supply is the lowest we’ve seen in two and a half years,” Yun
said. “If we could continue to absorb inventory at this pace, home prices would
return to normal, modest appreciation patterns next year.”
According
to Freddie Mac, the national average commitment rate for a 30-year,
conventional, fixed-rate mortgage fell to 5.06 percent in September from 5.19
percent in August; the rate was 6.04 percent in September 2008.
Home
Sales Breakdown The national
median existing-home price for all housing types was $174,900 in September,
which is 8.5 percent lower than September 2008. Distressed properties continue
to downwardly distort the median price because they generally sell at a
discount relative to traditional homes in the same area.
Single-family
home sales rose 9.4 percent to a seasonally adjusted annual rate of 4.89
million in September from a pace of 4.47 million in August, and are 7.7 percent
above the 4.54 million-unit level in September 2008. The median existing
single-family home price was $174,900 in September, which is 8.1 percent below
a year ago.
Existing
condominium and co-op sales jumped 9.7 percent to a seasonally adjusted annual
rate of 680,000 units in September from 620,000 in August, and are 9.7 percent
above the 561,000-unit pace a year ago. The median existing condo price was
$175,100 in September, down 11.7 percent from September 2008.
Here’s
the region-by-region picture:
Northeast: Existing-home
sales increased 4.4 percent to an annual level of 950,000 in September,
and are 11.8 percent higher than September 2008. The median price was
$234,700, down 7.0 percent from a year ago.
Midwest: Existing-home
sales jumped 9.6 percent in September to a pace of 1.25 million and are
7.8 percent above a year ago. The median price was $147,600, which is 1.0
percent below September 2008.
South: Existing-home
sales rose 9.0 percent to an annual level of 2.06 million in September and
are 10.8 percent higher than September 2008. The median price was
$153,500, down 7.6 percent from a year ago.
West: Existing-home
sales surged 13.0 percent to an annual rate of 1.30 million in September
and are 5.7 percent above a year ago. The median price in the West was
$219,000, which is 15.0 percent below September 2008.
