Successful ‘Mega’ Blood Drive In Bergen County On Sunday

Ridgewood Blood drive

 As reported in a blood drive was held this past weekend in Mahwah NJ at the Police Academy on Campgaw Road. There are so many reasons why Northern Bergen County is such a great place to live and work. Each town’s a little different- Ridgewood with it’s beautiful and successful downtown, Mahwah w it’s wide open spaces and beautiful mountain views, Oakland and Franklin Lakes with their pristine lakes and soccer fields tucked around every turn,Wyckoff with it’s beautiful homes and small town feel to mention just a few. An easy commute into NYC and fantastic property values not to mention our wonderful school systems are what draw many to our municipalities however in my opinion our community involvement and good neighbor mentality is what makes me proud to say “This is my hometown” as was the example recently w a successful local blood drive:   Blood Drive In Bergen County On Sunday – Around Town | Ridgewood Glen Rock, New Jersey Patch.

As we enjoy the last vestiges of summer and pack our kids off to school I look forward to my favorite time of year -Fall in NJ as well as taking part and lending a hand in my neighborhood and my hometown w my neighbors, colleagues and friends.  

Dianna Ivanov

Keller Williams Village Square, Ridgewood, NJ 07450




The Spring Real Estate Market starts TODAY!

Bank of America economist Michelle Meyer wrote today that while we are seeing an improvement in new home sales, the housing supply’s are very tight and if we don’t see a greater supply of homes in the housing market, it will have an upward pressure on home prices.  BAML expect home prices to rise by 4.7% in 2013

Low inventory of homes on the market seems to be prevalent in many desirable areas. Inventory levels, the amount of time it would take to sell all existing homes on the market without any new homes being added, are dropping below normal.

This coupled with changes in FHA guidelines make the right time to buy a new home NOW.

Federal Housing Administration announced a series of changes:

Two important changes will be that FHA will Increase its annual mortgage insurance premium (MIP) requirement for new mortgages for case numbers assigned on or after April 1st 2013.

The new requirement will be for FHA borrowers to continue paying annual premiums FOR THE LIFE OF THE LOAN. This  means most borrowers will never get out of paying the mortgage insurance which current drops off when the loan reaches a 78% LTV and they have been paying it for 5 years.  Although statistically most borrowers are not in a mortgage more than 5- 7 years with rates at historic lows this time frame is expected to increase.  On a 150k loan a borrower would pay $168 per month for mortgage insurance the entire life of the loan.

The Bottom Line- Realtors working with FHA borrowers and buyer obtaining FHA financing should work to get an accepted offer over to their lender priorto April 1st, 2013  to avoid these increase. Better yet put 5% down and get a conventional loan to avoid the high mortgage insurance associated with FHA financing!

As a home owner if you’ve been thinking about selling in the coming spring market, it’s here and it’s now! Invite your local Realtor over for a look, have them give you current market information and statistics and an accurate price to SELL not just list  your home in todays market!. Your Realtor can also give you a list of things you’ll need to do in order to get your home ready to show. You’ll want to spiff the place up a bit!

Once your home is priced correctly and have it looking it’s best you can expect to see more traffic and an increase in multiple offers.

If you’re not seeing the traffic and haven’t received the offers, now’s the time to make adjustments. In order to take advantage this very busy and very exciting time in Real estate NOW is the time to get started!

Best of Luck!

Dianna Ivanov

Keller Williams Village Square

257 East Ridgewood Ave

Ridgewood, NJ 07450



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