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Archive for October, 2009

Good News for Ridgewood Home Buyers and Sellers: Home Buyer Tax Credit to be Extended…and Expanded

October 29th, 2009 categories:Real Estate News and Advice

New Proposal Would Extend Credit to Existing Home Owners and Increase Income Limits

Tax Credit Image

Although it has not yet passed, this bill could be voted on as early as today.  The agreement that was reached today includes:

  • An extension of the current $8,000 first time home buyer tax credit.
  • A new credit of up to $6,500 for existing homeowners.
  • An increase in income limits from the existing $75k for single taxpayers and $150k for married taxpayers to $125k and $250k respectively. 
  • A  maximum purchase price of $800,000.

This news is particularly good for home buyers and sellers in the Ridgewood area . Many of the homes in the area are out of reach for first time home buyers.  Consequently, the first time home buyer tax credit did not have as much of an impact in Ridgewood as it had in other areas.    However, now that existing homeowners are in the mix, we can expect to see a more direct positive impact in our area.  $800,000 may not be the very top of the Ridgewood Real Estate Market but there is plenty of housing inventory in, and around, Ridgewood below $800,000.

For more details on the plan click here.

Related Articles

Attention Ridgewood Home Buyers: Use the Tax Credit Now Or Risk Losing It

Top Ten Reasons to Relocate to Ridgewood New Jersey

Home Buyer’s Tax Credit Plus 4 Other Reasons NOW is the Time to Buy a Ridgewood Home

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Posted by Al Donohue | Discussion:No Comments »

Caren White Named Marron Gildea and Donohue Agent of the Month

October 29th, 2009 categories:For Realtors Only

WHITE NAMED MGD ASSOCIATE OF THE MONTH

Caren White was recently named Associate of the Month, a Marron Gildea & Donohue spokesperson announced today.

Caren White 

 “Caren is a model of consistency,” said Aloysius Donohue, a managing partner at the firm. “She has been one of the top agents in our firm, and in all of Bergen County for that matter, for a long time – but she is not content to rest on her many accomplishments.  To this end, Caren is constantly upgrading her skills and learning so she can continue to surpass her clients’ expectations and continue to be one of the most successful real estate agents in Bergen County.”

Caren has lived in Bergen County for the past 29 years. She has been a full-time real estate professional with Marron Gildea & Donohue for the last 18 years. Caren attributes her success to her knowledge of the market, her strong commitment to clients as well as her attention to detail. She takes pride in dealing with honesty and integrity. Caren resides in Ho-Ho-Kus with her husband. Her family is in the construction business and she understands the complete building process.

“I enjoy going to work every day and I love helping people,” said White.  “I also couldn’t think of a better place to work than Marron Gildea & Donohue.  It’s easy to be good at what you do when you love doing it.”  White says Marron Gildea & Donohue provides an incredible amount of leading-edge training which she feels gives her and her clients an edge in today’s competitive marketplace.  She also points out the fact that the firm provides qualified leads which enable her to spend less time prospecting and more time doing what she does best – help her clients find their dream home.

Caren has been honored by the Association of Realtors “Circle of Excellence” committee 15 times over the years, attaining Platinum level in 2006, Gold level in 1998, 1999, 2002, 2004 and 2007. Caren is a lifetime member of the Distinguished Sales Club. Her professional memberships include; New Jersey Multiple Listing Service, New Jersey Association of Realtors, Real Source Board of Realtors and National Association of Realtors.

Caren has been active as a volunteer for her local board participating in many committees. She has co-chaired the Realtor Recognition Committee and the Circle of Excellence Verification Committee, RPAC, Legal Education and the Professional Education Committee over the past 10 years.

Marron Gildea & Donohue is a full-service real estate firm with offices in Ridgewood, Saddle River and Ho Ho Kus. For current information on the local real estate market contact Caren White at 201.449.6100.  If you are interested in learning more about a career at Marron Gildea & Donohue please contact Aloysius Donohue at 201.445.8880.

Posted by Al Donohue | Discussion:No Comments »

Video: National Home Prices Rise for Fourth Month in a Row

October 27th, 2009 categories:Real Estate News and Advice

Home Values Rise 1.2% According to Case-Shiller – An Upside Surprise

Click here to view the video.

Case Shiller Video August 2009 Home Sales Report

The value of homes in twenty major markets rose by 1.2% in August which is the 4th increase in a row, according to Case-Shiller. Prices rose in 17 of 20 cities. Only Cleveland, Las Vegas and Charlotte  saw declines.

“U.S. home prices have apparently bottomed,” said a noted economist for UniCredit Markets.

For the full report click here.

Note: The Case-Shiller report normally comes out on the last Tuesday of the Month, with a 2 month lag, so the report that came out today is for August.

Related Articles

Bergen County Real Estate: Lower Inventory Levels and More Homes Under Contract

New Jersey Home Sales Rise for Sixth Month In a Row

Mortgage Applications, Building Permits and Housing Starts All Rise

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Click below and let’s connect on Facebook, Twitter, LinkedIn, FriendFeed…

Connect with me on FaceBook          Follow me on Twitter          Connect with me on LinkedIn          Connect with me on FriendFeed

Why Choose Aloysius Donohue?

It’s hard to answer this question myself without sounding like a complete blowhard so please click below to see what clients and local newspapers had to say.

Clients Are Saying…

Local Newspapers are Saying…

Click here to see some of my current listings.

Posted by Al Donohue | Discussion:No Comments »

Ridgewood Board of Education News – Bond Referendum Vote Set for December 8

October 26th, 2009 categories:Ridgewood News and Events, School Information

Ridgewood Bond Referendum Presentation Set for October 27 or 28 – More Details to Come

Click image below to see full Ridgewood Bond Referendum Funding Spreadsheet

Ridgewood Bond Referendum Spreadsheet

If you are going to vote, and you know you should, make sure to take the time to see the presentation.

The presentation will…

  • Make sure you are well informed in advance of the vote.
  • Cover proposed projects for the entire district.
  • Give attendees the opporunity to view the plans.
  • Include a detailed Q & A session.

Click here to see addional information, documents and updates on all things related to the Ridgewood Bond Referendum and Vote.

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Posted by Al Donohue | Discussion:No Comments »

Bergen County Real Estate: Lower Inventory Levels and More Homes Under Contract

October 26th, 2009 categories:Real Estate News and Advice

Good News for Bergen County Real Estate: Falling Inventory and A Rising Number of Homes Under Contract

Click here to view a larger image of the graph below along with additional information.

Bergen County Real Estate – Inventory Levels

Bergen County Real Estate Inventory

The graph above shows that real estate inventory has fallen by 3% over the past year.  This data point, in and of itself, is good news for Bergen County Real Estate.  And when combined with the “under contract” info below – the news gets even better.  The chart below shows that there are 4% more homes “under contract” than at this time last year in Bergen County.

Bergen County Real Estate – Homes Under Contract

Click here to view a larger image of the graph below along with additional information.

Under ContractQ3 2009 Graph

 Click below to connect with me on Facebook, Twitter, LinkedIn, FriendFeed…

Connect with me on FaceBook          Follow me on Twitter          Connect with me on LinkedIn          Connect with me on FriendFeed

About Al Donohue

Al Donohue heads up Marron Gildea & Donohue’s Ridgewood office and is one of the top agents in Bergen County.

ibs-photo.jpg

Al attributes much of his success to lessons learned during his years as a top sales executive on Wall Street. Most of Al’s clients are busy professionals and business owners and they love the fact that he speaks their language and understands the incredible demands on their time. Al stays in constant touch with his clients not only through phone calls and face-to-face meetings but also through email, instant messaging, and web pages created specifically for his clients. Clients can view the status of the sale of their home, read feedback from agents that have shown their home and review the status of their personal marketing plan 24-hours-a-day via their personal web page.

Al understands that technology is just a tool and says it is really his focus on providing world class customer service that has enabled him to achieve great results for his clients. He says the key to his success has been his ability to listen more than he speaks and always put the needs of his clients first.

Posted by Al Donohue | Discussion:No Comments »

Meredith Scheck Joins Marron Gildea and Donohue’s Ridgewood Office

October 24th, 2009 categories:For Realtors Only

Meredith Scheck Joins Marron Gildea & Donohue

191-Tarvin Realtors

 Meredith Scheck joined Marron Gildea & Donohue’s rapidly expanding Ridgewood office, a company spokesperson announced today. 

 “We are thrilled that Meredith decided to join our Ridgewood Team”, said Aloysius Donohue, a managing partner at the firm.  “She is a dedicated, hardworking agent who cares deeply for her clients.  Meredith also has an upbeat outlook on real estate, and life in general,  that is infectious.  I have no doubt she will be one of our top agents for years to come.”

 Meredith is a life-long resident of Bergen County.  She was raised in Ridgewood and has been living in Ho-Ho-Kus for the past 11 years with her husband Rod and their two children.  With her deep roots in the community, Meredith can provide valuable insights on local schools, neighborhoods, and commuting considerations.  She is active in the school community and is an Associate Member of the Ho-Ho-Kus Contemporary Club.

 “I’ve learned so much since joining Marron Gildea & Donohue – it’s incredible,” says Scheck.  “The techie stuff can be a bit overwhelming at first but the staff and management here take training very seriously and are willing to invest the time to make sure you understand how to use all the great tools that they provide.”  Scheck has a new listing at 1025 Hillcrest Road in Ridgewood and says she was amazed at how much online and offline traffic the technology that Marron Gildea & Donohue employs was able to drive to this beautiful property.

 Meredith holds an English degree from Randolph-Macon College.  Prior to joining Marron Gildea & Donohue, Meredith worked for nearly a decade as Assistant to the President & CEO and as an Events Coordinator for Centre Reinsurance in Manhattan. While there she used her attention for detail and personal skills to plan and execute high-end corporate events.

Posted by Al Donohue | Discussion:No Comments »

Glen Rock Real Estate – Four-Year-Old Colonial in Great Location

October 22nd, 2009 categories:Glen Rock Real Estate

542 Ackerman Ave – Offered at $824,500

542 Ackerman Ave - Glen Rock

542 Ackerman Ave - Glen Rock

Click Here to view a Virtual Tour of this Beautiful Glen Rock Home

This handsome stone-front, four-year-old colonial home combines unmatched craftsmanship with an unbeatable central Glen Rock location for an overall package that gently whispers “success.”  You’ll love the incredible architectural detail, open floor plan, sun-filled living room with charming fireplace, spacious dining area and gourmet kitchen complete with Viking appliances, granite counters and custom cherry cabinets.   The home features a marble entry-way, 4 large bedrooms, 3.5 beautiful baths each with granite counters and glass or marble tile, gleaming hardwood floors on both levels, carved crown molding, master suite with over-sized master bath that features Jacuzzi tub and stall shower, high-end finished basement that matches the first and second floors in fit and finish, large yard with patio, 2-zone heat and central AC, central vac, sprinkler system and much, much more.   And all of this is within a few short blocks of Glen Rock’s wonderful downtown and train station.

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Connect with me on FaceBook Follow me on Twitter Connect with me on LinkedIn Connect with me on FriendFeed

Why Choose Aloysius Donohue?

It’s hard to answer this question myself without sounding like a complete blowhard so please click below to see what clients and local newspapers had to say.

Clients Are Saying…

Local Newspapers are Saying…

Click here to see some of my current listings.

Posted by Al Donohue | Discussion:No Comments »

Eighth Gain in Nine Months – US Housing Starts Rise Again

October 21st, 2009 categories:Real Estate News and Advice

Single Family Housing Starts Rose in September

Starts of single-family homes rose 3.9 percent to a 501,000 rate in September.  ”Housing starts” are the number of residential building construction projects begun during a specific period of time, usually a month; a key economic indicator.

This good news on housing starts is in addition to other recent positive housing news:

New Jersey Home Sales Rise for Sixth Month In a Row

Existing Home Sales Rise at Record Pace in July

Huge News – Housing Prices Rise for the First Time in Nearly 3 Years

If you look back to the beginning of the year and consider where we are now, versus then, you will clearly see signs that housing is on the road to recovery.   The path may not be a straight line, and there’s bound to be hiccups, but we seem to be on the right track.

 

search-for-home-call-to-action-button.gif featured-listings-call-to-action-button.gif whats-my-home-worth-call-to-action-button.gif

Click Here to Subscribe to The Ridgewood Front Porch

 

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About Al Donohue

Al Donohue heads up Marron Gildea & Donohue’s Ridgewood office and is one of the top agents in Bergen County.

ibs-photo.jpg

Al attributes much of his success to lessons learned during his years as a top sales executive on Wall Street. Most of Al’s clients are busy professionals and business owners and they love the fact that he speaks their language and understands the incredible demands on their time. Al stays in constant touch with his clients not only through phone calls and face-to-face meetings but also through email, instant messaging, and web pages created specifically for his clients. Clients can view the status of the sale of their home, read feedback from agents that have shown their home and review the status of their personal marketing plan 24-hours-a-day via their personal web page.

Al understands that technology is just a tool and says it is really his focus on providing world class customer service that has enabled him to achieve great results for his clients. He says the key to his success has been his ability to listen more than he speaks and always put the needs of his clients first.

Post

Posted by Al Donohue | Discussion:No Comments »

Video: Trying to Sell Your Ridgewood Home? Avoid these Seller Sins.

October 19th, 2009 categories:Real Estate News and Advice

This Excellent Video Outlines Several Deadly Mistakes to Avoid When Selling Your Ridgewood Home

Click Here to View Video

Deadly Mistakes Video Capture

Watch this short video and find out how to…

  1. Respond to the very first offer to purchase your Ridgewood Home.
  2. Handle open houses.
  3. React to an offer that you may find insulting.
  4. Determine which room must always be kept in white glove condition.

Some of you may find the very end of the video to be a bit much but, in general, this video is spot-on and most home Ridgewood homeowners would do well by heeding this advice.  

Related Articles

How to Stage Your Ridgewood Home for a Quick Sale

Top 5 Tips for International Relocation

12 Mistakes to Avoid When Buying a Ridgewood Home

search-for-home-call-to-action-button.gif featured-listings-call-to-action-button.gif whats-my-home-worth-call-to-action-button.gif

Click Here to Subscribe to The Ridgewood Front Porch

 —————————————————————————–

Why Choose Aloysius Donohue?

It’s hard to answer this question myself without sounding like a complete blowhard so please click below to see what clients and local newspapers had to say.

Clients Are Saying…

Local Newspapers are Saying…

Click here to see some of my current listings.

Post

Posted by Al Donohue | Discussion:No Comments »

Ridgewood Restaurant Recognized for Best Thai Food

October 12th, 2009 categories:Local Business Profiles

Ridge Thai Awarded “Best in Bergen County” by 201 Magazine

Ridgewood Thai's Website

Ridge Thai's Website (Ridgewood, NJ)

According to 201 Magazine Ridge Thai nudged out another Ridgewood Restaurant for first place on this year’s list.  Taste of Thai, in Ridgewood, was the category’s runner up.

Ridge Thai serves traditional Thai Dishes, in large portions, at its 24 seat establishment located at 50 Chestnut Street near the Ridgewood Train Station.  One local resident quoted in the 201 Article describes it as “small, inmate” while another says “The staff is accommodating, to the point of being sweet without being sugary.  The spices are real and delicious.  When I wipe the back of my neck and back of my head and they are wet with perspiration, but my mouth and throat are not burning in the least, I know I’m enjoying the best Thai food.”

Related Articles

Ridgewood’s Office Beer Bar and Grill Named Best Sports Bar in Bergen County

Ridgewood’s Country Pancake House Serves the Best Breakfast in Bergen County

Brooklyn’s Brick Oven Pizzeria, in Ridgewood NJ, Named Best Pizza in Bergen County

Click Here to Subscribe to The Ridgewood Front Porch

Posted by Al Donohue | Discussion:No Comments »

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