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Just Listed! 1150 Reeves Ter Union, NJ 07083
October 31st, 2008 12:43 PM
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$299,000.00
1150 Reeves Ter

Union, NJ 07083



Beds: 3.0 Rooms: 0
Baths: 1.00 Sq. Ft.: 0
Garage: 1.0 Built: 1965
 

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Ian Gillespie
Striker Realty

www.agentsofnj.com



 
  Visit this listing at Here

Posted by Ian Gillespie on October 31st, 2008 12:43 PMPost a Comment (0)

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Great Time to BUY!!!
October 25th, 2008 2:00 AM

That's right!....it's a great time to buy now.   There are so many opportunities out there so if you are one of the few that is qualified for a mortgage or have cash, then you are in the driver's seat.  Honestly, Jon and I wish that we had endless supply of money because we would buy many properties and hold on to them especially that there is a high demand for rentals because most people can't get a mortgage.  So, either you go out there shopping or give us the money and we'll make sure you get a nice return on your investment while we do all the work. 

Happy Investing,

Randy Z


Posted by Ian Gillespie on October 25th, 2008 2:00 AMPost a Comment (0)

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Government Tax Credit of $7500 for first time homebuyers.
September 4th, 2008 10:27 PM

Do you qualify?

The new bill contains a provision for a TAX CREDIT for first time buyers. The credit is for $7,500 as long as the home that was purchased is $75,000 or more.
Here is how it works and who is eligible:
1) Must be a First Time buyer which is defined as anyone that has not owned a home in the past 3 years.
2) An individual qualifies for the full credit if their income is $75,000 or less. They qualify for a partial credit as long as their income does not exceed $95,000. Details on the phase out between $75K and $95K will be provided ASAP. A couple can earn up to $150,000 for full credit and the phase out applies with income up to $170,000.
3) This is an actual credit not a deduction. This means a First time buyer that has paid in $7,500 or more in federal tax will get back an extra $7,500 when they file their 2008 tax return.
4) Program expires 7/1/09. So buyers must buy and close before 7/1/09. This is meant to motivate buyers to act now.
5) THE CATCH IS, The additional credit given by the government must be repaid over the next 15 years or $502.50 per year interest FREE.

Hope this clarifies things for everyone and happy house hunting.  It's a great time to buy so don't be fooled. 


Posted by Ian Gillespie on September 4th, 2008 10:27 PMPost a Comment (0)

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Vacant houses are getting vandalised
July 23rd, 2008 6:00 PM
I thought this was an interesting article and something that we should all keep in mind especially if you are an investor that has a house that is vacant now.  Take appropriate action to secure your home because vandalism is on the rise and the thieves are going after the copper and the metal.  They will rip everything out and leave your home looking like a bomb blew up in it.  It's a shame that this market has turned into this.  Foreclosures are at an all time high, banks are closing down, short sales are all over the place.  However, there are a lot of opportunities out there for buyers so there is this bright side to this all.  Either way, if you would like to read more about what goes on in these vacant home, click on the link here:  http://www.cnn.com/2008/CRIME/07/22/burglarized.foreclosures/index.html?

Posted by Ian Gillespie on July 23rd, 2008 6:00 PMPost a Comment (0)

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FHA waives the 90 day waiting period for property resales
June 13th, 2008 6:04 PM

This is great news for all rehabbers and investors:

FHA waives 90-day waiting period for resales
by Matt_Carter from Inman News.  www.inman.com

In an attempt to help lenders speed the process of getting real estate-owned properties off their books, the Federal Housing Administration will temporarily lift a 90-day waiting period for property resales financed by FHA-guaranteed loans.
The 90-day waiting period -- instituted in 2003 to counter predatory lending and house flipping -- never applied to properties sold by Fannie Mae, Freddie Mac, or state- and federally chartered financial institutions.
Click here to read more on this site

http://www.inman.com/news/2008/06/13/fha-waives-90-day-waiting-period-resales


Posted by Ian Gillespie on June 13th, 2008 6:04 PMPost a Comment (0)

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Real Estate Market Today
March 19th, 2008 7:12 AM

Hi all

We are half way through March already and Easter is right around the corner.  We hope all of you have a safe and family oriented holiday.  Just wanted to give you a quick update on the market.  Well, we feel that things are stablizing a bit now and more buyers are out there searching for homes.  Interest rates are very appealing and there is lots of inventory to pick from.  However, most buyers are looking for deals and there are many of those.  Just be patient and you might be able to buy with 20K to 30K in instant equity at closing.  Most of these kind of purchases could be acquired through short sales where banks are taking a discount to let the homeowner sell the house.  That's where the patient buyer steps in and gets a great deal in this market.  If you don't know what a short sale is, please click on the short sale tab on the left, which explains it in more detail.  Also, we have many of these types of short sales right now that we are working on and they are called pre-foreclosures.  You can also click on the Pre-foreclosure tab on the left and all of the listings will be displayed.  So don't be afraid of the market, it's a great time to buy right now so go out there and hit the streets.

 


Posted by Ian Gillespie on March 19th, 2008 7:12 AMPost a Comment (0)

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Real Estate Investing
February 15th, 2008 11:37 PM

As active real estate investors and agents, the market could not be better.  Something to keep in mind though while you invest...., be very conservative.  Be carefull how you buy properties if you are thinking of rehabbing it and selling it for a profit.  Keep in mind that prices might still drop in the near future so leave enough profit for you so you don't loose your shirt.  We are very conservative in this market as we buy properties because we understand that you make your money when you buy.  On the other hand, if you are buying your first home to live in, the opportunities are endless to find a great deal. Just make sure you are working with someone that understands the market and could tell you if you are getting a great deal or not.  There is no reason for anyone to pay full retail value right now especially if you are handy and could do some cosmetic work yourself.  You can be easily in a property with $30K to $40 in equity at day of the closing.  The time could not be better for qualified buyers, inventory is endless and the rates are low.  So go ahead......go on now.....don't delay.....get moving......and find that perfect house. 

 


Posted by Ian Gillespie on February 15th, 2008 11:37 PMPost a Comment (0)

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Myths about Credit Cards & Your Score
January 18th, 2008 11:04 PM

I read this recently and I thought I should share it with you guys.  There are many myths when it comes to credit cards and how your credit score gets affected.  One of them is that you should always close old credit card accounts.  Well, that is not true because closing an account actually leaves you with less available credit but doesn't reduce your outstanding balances,which can hurt your score instead.  Another one is that as an authorized user on my parent's credit cards, you will inherit their credit history.  Unfortunately, not anymore, because the Fair Isaac is changing its FICO score formula to ignore authorized-user accounts.  Then, the myth that closing an account with a negative history will help my score is not true since your score includes both open and closed accounts.  Negative information can stay on your record for up to seven years.  Lastly, you might think that only your loans and credit accounts affect your score. However, even unpaid parking tickets or library fines can be sent to collection. A debt in collection is consiedered seriously delinquent and could drop your score by 100 points.

Well, we hope this was very informative.

Drop us a line....Come on.


Posted by Ian Gillespie on January 18th, 2008 11:04 PMPost a Comment (0)

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Happy Holidays!!!
December 24th, 2007 12:05 AM
Hi everyone.  Another Holiday Season is upon us.  Time flies. It feels like yesterday when we were worried about the new millennium and that all computers would crash.  Well, it's 2008 in a week or so and we, at Striker Realty, are looking forward to a great year.  We will be providing you with REO and Foreclosure properties as we build relationships with asset management companies.  This is besides all the ones that we already have access to through out NJ. (email us for details) The trend of Pre-foreclosures is going to continue as more adjustable rate mortgages are set to adjust in the new year.  Homeowners with these types of loans could contact us to see if we can have our mortgage specialist refinance them as soon as possible and lock in the low rates right now.  If you have no equity, then the chances of refinancing, unfortunately, are not good at all.  We might be able to help you sell your house by performing a short sale if you have a hardship and can't afford to make your mortgage payments.  (more information here www.rjrealtors.com/shortsales )  Whatever the case might be, don't hesitate to call us.  For now, we want to wish you all a Healthy and Happy Holiday Season and a Prosperous 2008! Stay in Touch.

Posted by Ian Gillespie on December 24th, 2007 12:05 AMPost a Comment (0)

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Radon Testing
November 29th, 2007 11:33 PM

I came across this article about Radon Testing today as I was eating lunch and I thought it would be a good idea to make everyone aware of it.  Not too many of us really perform this test when we buy properties and it might actually make sense to do so to be safe.  Radon gases are invisible and you can't smell it so it's hard to tell if you have it in your house until you run the test.  The test itself is fairly simple and not expensive at all.  It can cost about $15 to $50 to do it yourself or $50 to $200 to hire a certified professional.  That is a cheap price to pay to have the peace of mind that your health is not being affected by these gases.  Radon gases have been linked to many cases of lung cancer and it's not something that should be taken lightly.  If you want, read the whole article about this story here: http://www.app.com/apps/pbcs.dll/article?AID=200771128066

Until next time,

Randy


Posted by Ian Gillespie on November 29th, 2007 11:33 PMPost a Comment (0)

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Striker Realty

  918 North Wood Ave, Linden, NJ 07036

  Office # 908-587-0090  Fax # 908-587-9855

    Randy - Cell # 908-347-2291  Email: Randy@agentsofnj.com

     Jon - Cell # 908-8682178   Email: Jon@agentsofnj.com

 

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