An $8,000 first time home buyer tax credit and home prices dropping down to more affordable prices may make 2010 known as the “Year of the First-Time Home Buyer.

There will be 1.84 million homes sold to first-time home buyers in 2010, compared with 1.73 million in 2009.

These buyers will invariably make some mistakes that they will come to regret a few years down the road, some experts say, including failing to use a real estate professional to help them manage the transaction.

Realtors or Real Estate Professionals have the time and knowledge to sift through thousands of listings and separate the good from the bad. A Realtor has seen it all! Good deals, bad deals, houses that are prone to issues and houses that are well priced and in good shape. A Realtor can help you decide when you’ve found the right home and when you haven’t.

"I would want someone who is going to look out for my interests first and foremost," says Boss. "Someone who knows the contracts, who has experience negotiating, and who can walk me through the entire process smoothly — step by step — and make sure I get the house that's right for me. That is what we do here at Coccia Real Estate Group." Says Chris Coccia, Owner/Broker of Coccia Real Estate Group, LLC, East Hanover, NJ.

In just the past 5 days Coccia Real Estate listed over 3 million dollars in Real Estate.

80 Beechwood Drive in Florham Park is a Terrific starter home in quiet neighborhood. Totally move in condition with modern kitchen and baths. Gleaming Hardwood floors throughout most of home, bonus family room off dining room, great Den perfect for TV or computer room and heated garage. Backyard with patio is perfect for entertaining. $489,900

63 Castle Ridge Drive, East Hanover is Totally renovated in 2008 - 2 bedroom unit. All new bathrooms and kitchen, doors, moldings, lighting, tile and much more. Kitchen has granite counter tops and breakfast bar, living room with fireplace, new powder room, new beautiful rod-iron spindle railing to 2nd floor. Master bedroom suite features plenty of closets, walk in shower, fireplace and high ceilings.

62 Grove Street, East Hanover is an Impressive custom home with 4 bedrooms, 4 full baths and a possibility for an in law suite. Circular, paver stone driveway, beautiful decorative stone work, 3 season porch to great room, in-ground pool, the list goes on and on. Large living room, custom - top of the line kitchen, 2 zone central air, radiant and baseboard heat and so much more to see. All the bedrooms are large and the master is complete with a walk in closet and bathroom with whirlpool tub and stall shower.

And  Finally…

18 Ora Court, East Hanover is a Magnificent 5 Bdrm home in lovely tree-lined cul-de-sac, Dramatic entry w/ cathedral ceilings, hardwood floors, sunny & bright eat-kitchen, formal dining room and wonderful family room with wood burning fireplace, leading to relaxing sun room and new deck. First flr bedroom with full bath perfect for au paire or in-law suite. Master suite w/full bath and walk-in closets. Full finished walk-out basement and full bath. lovely level backyard perfect for entertaining and summertime fun.

Coccia Real Estate Group is an active and rapid growing Real Estate sales team that focuses on Essex, Morris, Union counties.

Seventy percent of homeowners get their first impression of a house from a picture on the internet. This makes the at-a-glance attractiveness of a home, referred to as curb appeal, more important than ever. To increase the curb appeal of your home, apply a fresh coat of asphalt sealer to the driveway to make it look like new. Prune back any severely overgrown shrubs to make the exterior of the home more visible. Lay some mulch in the planting beds to make them look better cared for. Also, consider refinishing the deck if it looks worn and weathered. While you are at it, clean the wood or vinyl cladding on your home with a pressure washer.

Chris Coccia, e-PRO
Coccia Real Estate Group
434 Ridgedale Avenue
East Hanover, NJ 07936
CocciaRealEstate.com
Office: 973-887-2500
Cell: 201-424-0095

To answer in a word, maybe? The fact is it depends on who you are, what your goals are and what stage of life you are currently going through. Let me list a few scenarios where making a move in today’s Real Estate market might be too good to pass up.

1st Time Buyer – Today’s first time buyer is really set up for success. Not only will he or she take advantage of a price adjustment of over 20-25% from just a few years ago but they can also smile about historically low interest rates. Today’s 1st time may qualify for rates as low as 4.875% as of 1/19/2010. This extremely low rate will be able to place a buyer into a lot nicer home then they would normally be able to afford if interest rates were higher. Also, 1st time buyers have another few months to take advantage of an $8,000 tax credit. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify. 1st time buyers purchasing their first home now are buying at or near bottom. Real Estate has and will always be a great wealth builder. Purchasing Real Estate now will insure a safe and secure financial future.

Moving Up – For existing homeowners who may be looking to move up to a bigger home, present conditions in the market offers great rewards. Is your present home becoming a little snug for your family? Did you always want to move to a particular neighborhood? Maybe extended family is combining households and your needs require a larger home. These are all favorable scenarios to purchase in today’s Real Estate Market. Presently inventory is growing and as more and more homes become available to purchase your odds of finding exactly what you’re looking for increase. Combine that with historically low interest rates and houses going for about 20-25% off their highest values and you have “great market timing”! Sure you will sell lower and take less for your home then maybe you are thrilled about but look at the bright side. You are going to spend more money then you are selling for. If you sold your $400,000 home for 10% less than you would have liked you are short $40,000. But now you turn around and buy something for $600,000 that would have been $60,000 more just a few years ago - you are ahead $20,000.

Houses on sale!

Low Interest Rate!

Great Selection!

Maybe today’s consumer could not pick a better time to buy or sell! If you are thinking now might be a great time for you to make a move call a Coccia Real Estate Group professional today! A Realtor will listen to your needs and ask questions to determine if it is the “RIGHT” time for you to buy and or sell!

Coccia Real Estate Group

973-887-2500

Regina Quartararo listed 42 Timber Hill drive in East Hanover today. The home is a rare listing in a sought after neighborhood.  This colonial features 3 bedrooms and 2.5 baths on a 104 x 115 lot. A 2 car garage and finished basement makes this property a true gem that today’s buyer will truly fall in love with.

 

If you have any questions about 42 Timber Hill Drive or any other home please call Coccia Real Estate today!

Coccia Real Estate Group proudly announces the offering of one of Florham park’s most prestigious properties. This 16,000 square foot custom colonial sits in the heart of a cul-de-sac off Country Club Lane. The property is a manicured 2 acres complete with paver stone patios, 2 level wide open play areas heated entrance pad and steps, four car garage and more. Elegant floor plan, gorgeous millwork, large-spacious rooms and more. Home features 7 bedrooms, 8.5 baths, finished, ground level with recreation room, kitchen with pizza oven, brick wine cellar and fitness center.

Please feel free to call us for more information or you private viewing. Coccia real Estate may be reached at 973-887-2500 or email 24 hours a day seven days a week at info@CocciaRealEstate.com. 

Christopher Coccia, Broker / Owner of Coccia Real Estate Group, is proud to welcome Salvatore and Allison Conte to our rapidly growing Morris County Real Estate office.  Salvatore and Allison are a dynamic husband and wife team formerly of East Hanover and are now proud residents of Florham Park.  Salvatore “Sal” Conte has been licensed for many years and was previously employed by other local competitors. He proud to join the “Coccia” team and looks forward to bringing his construction and housing background to this Real Estate firm.

 

If you are a former client or friends and are looking to say hello to Sal or Allison please feel free to contact either of them at 973-887-2500.

On December 9, 2009 Coccia Real Estate Group listed the following two properties in East Hanover.

17 Canfield Drive, East Hanover – A 3 bedroom ranch style home on 110 x 110 lot. Home features include: 2 car garage, large eat in kitchen, 3 bedrooms, 1 lg. full bath and full unfinished basement. Taxes are $5,400.

645 Ridgedale Avenue, East Hanover – located in the age restricted community (55+) in Cerbone Villas, this 2 bedroom, 2 bath unit is ready to move in. Enjoy the townhouse lifestyle with 2 floor living, 2.5 baths and 1 car garage.

Thinking of buying or selling? Call us today to see the difference a family owned Real Estate broker can make.