My Offer was Accepted! – Now What?

The Now What? Series, brought to you by The Natale Group, will be the best source for all questions about real estate transactions, from the first thought of buying or selling, all the way to the closing table.  In this business as a Broker-Associate, I always have client’s who ask for guidance throughout the process of buying or selling real estate.  I figured a great idea would be to put all of those “What happens if..?” or “What do you think about..?” or “Now What do I do?” questions into an extensive blog series.  Enjoy!

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An accepted offer is a great feeling for The Natale Group’s buyer of a property, and most times a great feeling for the seller of the property.  It’s the first step in a smooth remaining transaction between a purchaser of a property and a seller of a property.  Right after an offer is accepted and then signed by the seller, the contract goes into attorney review.

In every real estate contract in NJ, there is a 3-day window in which a buyer or seller can cancel their real estate contract for any reason and not be held liable, or while the property is still in attorney review. Attorney review typically takes three days, but could be shorter or longer, depending on both the buyer’s and seller’s attorneys ability to review and make any changes to the contract they deem necessary.

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Once attorney review is concluded, neither party can cancel the contract just because they wish to. Outside of the inspection contingency and mortgage contingency, the contract is executed and the terms are fully in agreement.  This means the buyer’s last real chance to make sure this is “the one,” is during attorney review while both parties can still cancel.

During attorney review, the seller has the opportunity to continue showing the property and entertain other offers that could potentially come in.  Since both parties can cancel at any point during attorney review, if a seller receives a higher offer or one with more suitable terms to them, they could cancel the current contract to take that other one.  With that said, once a contract is out of attorney review, the current MLS listing is marked under contract and showings can not continue.

Need to find a great attorney?  The Natale Group knows some of NJ’s best.

John Natale Jr.

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The Natale Group – Owner/Operator

Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-mail: Natalesells@gmail.com

 

813 Wellington Place, Aberdeen NJ 07747

Welcome to 813 Wellington Place, Aberdeen

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This beautiful new listing from The Natale Group was listed by Chris Acquaviva.  The unit is located in beautiful Wellington Place in Aberdeen, NJ and offers 1 Bedroom and 1 Bath, as well as an additional den.  This condo in Aberdeen has been fully renovated to include all new flooring, an updated kitchen, brand new windows, and a newer electrical system.  When walking into this second floor unit in Wellington Place, a generous sized living room with a fireplace is offered.  The living room has beautiful new wood laminate flooring.

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Right off of the living room is the additional den, which makes for a great office, second/guest bedroom or nursery.  The den in 813 Wellington Place offers brand new wood laminate flooring as well.  Right off the den, there is a door to the outdoor balcony of the unit.

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The kitchen and dining room are located right next to each-other, which makes for easy entertaining and a social feel to this truly affordable condo in Wellington Place.  The kitchen offers brand new counter-tops and brand new flooring.  The dining room has all new wood-laminate flooring as well.

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There is an additional laundry room and also a master bedroom with a HUGE walk-in closet.  The master bedroom features brand new carpeting and is large enough to fit a king-sized bed plus plenty of furniture.

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Past all of this, the bathroom features a new vanity and updated flooring.  The entire unit has been freshly painted and is truly in move-in condition for all buyer’s looking to put some equity into a a great condo property.  Wellington Place offers plenty of amenities outside of its tremendous location right near transportation and shopping, including a swimming pool, clubhouse, all outdoor maintenance, tennis courts and playgrounds.  A truly great place to call home!

If you have any questions regarding 813 Wellington Place, please contact The Natale Group agent, Chris Acquaviva – (732) 832-9223 or myself anytime.

John Natale Jr.

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The Natale Group – Owner/Operator

Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-Mail: Natalesells@gmail.com

TheNataleGroup.com

Looking to buy, sell, invest or rent real estate and need help?  Contact me today!

I Put an Offer in, and I’m Now in a Bidding War! Now What?!

The Now What? Series, brought to you by The Natale Group, will be the best source for all questions about real estate transactions, from the first thought of buying or selling, all the way to the closing table.  In this business as a Broker-Associate, I always have client’s who ask for guidance throughout the process of buying or selling real estate.  I figured a great idea would be to put all of those “What happens if..?” or “What do you think about..?” or “Now What do I do?” questions into an extensive blog series.  Enjoy!

In the current real estate market, if a property is in good condition, has a good location, and is offered at a good price, there most likely will at least a few buyer’s interested.  Bidding wars do not happen on every property in every town, but it does happen, so it’s great to go over what to expect if a buyer is in that situation.  Ideally, a fair negotiation takes place and between one buying party and one selling party, but a buyer absolutely needs to be prepared in today’s market to enter a multiple offer situation.

Spring Lake Real Estate

The first step in the bidding war or multiple offer situation is for a buyer to do their absolute best to remove the emotional aspect of the home from the business aspect of purchasing this property.  The next step for The Natale Group to gather the research needed to find the market value range for the property.

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Next, The Natale Group and the buyer will assess the terms of their contract offer.  How much money is the buyer putting down, when can they close, and do they have something to sell are all very important determining factors in a bidding war?  If a buyer does not have strong terms and they really want the property, they will have to go to the top end of the market value range.   By no means over-pay for the property, but towards the top range of market value.  If the terms are good, the buyer will have more flexibility in the multiple offer situation, and that’s for The Natale Group to help manage and go over with a client.

If a buyer ends up successful in a multiple offer situation, it’s a great feeling.  I always tell client’s that perhaps end up on the losing end that it’s solely because something better will always come along, and to this point, it always has.

John Natale Jr.

The Natale Group – Owner/Operator

Natale_Logo

Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-Mail: NataleSells@gmail.com

 

Looking to buy your first home?  Click here!

 

I Want to Put an Offer In – Now What?

The Now What? Series, brought to you by The Natale Group, will be the best source for all questions about real estate transactions, from the first thought of buying or selling, all the way to the closing table.  In this business as a Broker-Associate, I always have client’s who ask for guidance throughout the process of buying or selling real estate.  I figured a great idea would be to put all of those “What happens if..?” or “What do you think about..?” or “Now What do I do?” questions into an extensive blog series.  Enjoy!

After a buyer goes back for a second showing of a property and reviews the seller’s disclosure; if the feeling is still the same, the next step would be putting in an offer.  An offer on a property consists of three parts.

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1. Mortgage Pre-approval (or proof of funds if cash offer).  One of the earliest steps in the home-buying process was to get pre-approved and this is an essential element of a purchase-offer.  No matter what a buyer’s offer is, if they don’t have a pre-approval or proof of funds, it is mostly worthless.

2. Signed Seller’s Disclosure.  This show’s that a buyer reviewed the information in the disclosure questionnaire and understands certain aspects of the home, based on what the seller has provided.  Again, the seller’s disclosure does not replace a home inspection, but it is a good tool early in the purchase-offer process to review.

3. Signed Purchase-contract.  In New Jersey real estate, it is required to present a full contract for sale to the seller of the property.  In other states such as NY, buyer’s only write-up “purchase offers,” which if accepted by the seller, the real estate attorney’s will then write-up a contract.  In New Jersey, real estate salespersons have further education requirements for real estate law, so they have the ability to write-up an entire sales contract.

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Exact specifics of an offer will include how much money a buyer is putting down versus mortgaging, whether or not they have a home to sell, and when they would like to close.  Most times a buyer asks how much lower should I offer off of the asking price?  Every area and every property is different. Many factors such as asking price versus market price, current days on market, amount of other inventory will make a difference in The Natale Group’s offer strategy.

Have you thought about starting the home-buying process? Click here!

John Natale Jr.

The Natale Group – Owner/Operator

Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-Mail: Natalesells@gmail.com

www.TheNataleGroup.com

88 Goodwin Drive, North Brunswick NJ

Welcome to 88 Goodwin Dr in North Brunswick

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88 Goodwin Drive is located in the highly desirable development, Governor’s Pointe, in North Brunswick, NJ!  This town house unit is an end-unit with two bedrooms and two-and-a-half baths and is very much in move-in condition.  Located in the back of Governor’s Pointe, this unit backs to nice private trees, rather than another unit.  When you first walk into this beautiful unit, you see a nicely sized kitchen with stainless steel appliances.

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Past the kitchen is a completely open dining & living room combination.  The living room contains sliders out to the back deck, as well as a wood-burning fireplace.  The wall between the dining room & kitchen contains a nice ‘window opening,’ perfect for entertaining and hosting dinners in the dining room.

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Downstairs also has a half-bath powder room.  The upstairs of this unit has two large bedrooms, both with on-suite bathrooms and great closet space.  The master bath contains a tub-shower for additional space, while the second bedroom contains a stall shower.  Otherwise, the two bedrooms are very similar and great in size.

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Outside the back of this beautiful unit, there is a private patio with PVC fencing on two sides and directly backing to private trees, rather than another unit in Governor’s Pointe in North Brunswick.  There is plenty of space for a table and BBQ.

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Governor’s Pointe is a beautiful development in North Brunswick, located just of Route 1 South.  Easily walking distance to transportation, shopping, and recreation in the development such as the playgrounds or tennis courts.  Overall, a great move-in ready end unit in one of NJ’s best locations.

Contact me today if you know someone who may be interested in 88 Goodwin Dr, North Brunswick.

John Natale Jr.

The Natale Group – Owner/Operator

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Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-Mail: Natalesells@gmail.com

I Found a Home I Like – Now What?

The Now What? Series, brought to you by The Natale Group, will be the best source for all questions about real estate transactions, from the first thought of buying or selling, all the way to the closing table.  In this business as a Broker-Associate, I always have client’s who ask for guidance throughout the process of buying or selling real estate.  I figured a great idea would be to put all of those “What happens if..?” or “What do you think about..?” or “Now What do I do?” questions into an extensive blog series.  Enjoy!

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Whether it’s in your initial tours with The Natale Group, or we got you into a perfect property through back-channels, you will often come across a property you really see value in, and can picture yourself in.  What is there to do at that point?  It always depends on the situation.  Are there multiple offers? Has the property been on the market for a while with little action? Obviously this would change the exact reaction and steps to take with the property, but no matter what; after there is interest, there are two following steps that go hand-in-hand.

The first step is to schedule a second showing as soon as possible to get back into the property.  This is to ensure this property is worth pursuing and if it fits it meets your needs and most of your wants in a property.  With that as well, The Natale Group will request a seller’s disclosure statement from the seller’s of the property.  This will allow the buyer to review a five or so page questionnaire filled out by the seller.

This seller’s disclosure contains items such as the age of the home, age of the roof, furnace, hot water heater, etc.  This is all based on the seller’s best knowledge and should not be taken as or in place of a home inspection.  After reviewing the seller’s disclosure statement and visiting the property for a second viewing, a buyer will have the clarity they need to move forward with the next step in buying a home.

John Natale Jr.

The Natale Group – Owner/Operator

Natale_Logo

Keller Williams Realty East Monmouth

Cell: (732) 546-6177

E-Mail: NataleSells@Gmail.com

 

I’m Touring Homes and Can’t Find What I Like – Now What?

The Now What? Series, brought to you by The Natale Group, will be the best source for all questions about real estate transactions, from the first thought of buying or selling, all the way to the closing table.  In this business as a Broker-Associate, I always have client’s who ask for guidance throughout the process of buying or selling real estate.  I figured a great idea would be to put all of those “What happens if..?” or “What do you think about..?” or “Now What do I do?” questions into an extensive blog series.  Enjoy!

 

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After getting out there and letting our your inner “HGTV Star,” you don’t find exactly what you’re looking for.  Is it the end of the world? No! Absolutely not.  This could be due to two factors.  One factor, and the more common, is the inventory for what a buyer is looking for is low.  For example, if you’re looking for a 2-3 bedroom home in certain areas of Monmouth county within a mile to transportation to NYC, there are ebb & flows where there could be 5-10 options, while at some points, only 1-3.  Again, during the consultation, The Natale Group will review the inventory of your ideal home and price range to set your expectations going into your home search.  The other important note is The Natale Group has several different ways to combat low inventory, all of which will be discussed during the home buying consultation.

 

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The less common factor, especially with The Natale Group since your specific home search is discussed in a home buying consultation, is that what you’re looking for, in a specific price range, is not realistic. Whether it’s an ultra-specific layout with certain bedrooms & bathrooms here & there, or other variables that make the search very specific, often times re-sale homes are hard to find.  Obviously new construction is an option in this case, but more often than not, a buyer will make alternatives or sacrifices to that ultra-specific element of their search.  The Natale Group will always find the best possible options for a buyer, and will be dedicated to results for the buyer.

Have you started a search and are finding some difficulties finding exactly what you’re looking for?  Contact John today!

John Natale Jr.

The Natale Group – Owner-Operator

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Keller Williams Realty

Cell: (732) 546-6177

E-Mail: NataleSells@Gmail.com

 

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