Taking Advantage of Current Conditions

There are many great Northern New Jersey area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (201) 825-1266 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hi, I’m Debby Adler with the Adler Home Team. Today we wanted to speak to you about rising interest rates.

Many people have been asking us lately about interest rates and what we can expect down the road.

Over the last few years the Government has been buying mortgage-backed bonds at a very fast rate. This has been keeping interest rates at near record-lows, around four and a quarter percent for a 30-year fixed-rate mortgage. However, the Fed has slowly been reducing the amount of bonds they are buying and has announced that they plan to stop buying them altogether before the end of the year. This may result in a jump in rates to as high as five and a half percent come springtime.

The higher rates are still attractive to buyers, as interest rates have been around 8% on average for the last 30 years. If you do the math, this change in rates could have a big effect on your spending power.  If you plan on living in your home for 10 years, you could save as much as $18,000 by locking in current interest rates.

If you have the option of moving today, we recommend you start looking for your next home. Now is the time to lock in low rates for future savings!

Thanks for your time. Please reach out to us for any questions at any time. Enjoy your day.

An Agent Can Give You What Trulia and Zillow Can't

There are many great Northern New Jersey area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (201) 825-1266 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hi, I’m Debby Adler with the Adler Home Team. Today we wanted to speak to you about popular home search websites.

Have you been using the popular websites, Zillow or Trulia for your home search? If you haven't heard, Zillow has purchased Trulia. As a home buyer this affects you in several ways.

These 2 large sites are coming together and providing data to the public. This may sound great, but the data on these sites is often outdated and incorrect. These sites aren't synced with our local NJMLS like our site is, so you are seeing a lot of inaccurate information. We can provide you with the most accurate values. We have had clients send us listings they are interested in from Zillow or Trulia, only to find out that these homes have already gone under contract or sold.

The second problem with these sites is the inaccuracy of home values. These sites use an algorithm to determine the approximate value of your home and don’t take into account information specific to your home and area.

We can help you get a true and accurate valuation for your home. If you have any questions at all or know somebody who is looking to buy or sell a home in Bergen County, NJ, please don't keep us a secret. We are here to help and would love to assist you with any and all of your real estate needs.

Thanks for your time. Please reach out to us for any questions at any time. Enjoy your day.