Educate Yourself on the Process
For all your real estate needs!!
Beatrice Caraballo
NJ REALTOR® Sales Associate
Keller Williams Realty
381 Egg Harbor Road - Suite 2
Sewell, New Jersey 08080
(856) 582-1200 office
(856) 676-4046 mobile
(856) 582-1299 fax
BeatriceCaraballo@msn.com
On July 10th, Governor Murphy signed into law Bill C3192/U4454 the Real Estate Consumer Protection Enhancement Act. This new law, effective August 1st, introduces several key changes that will impact all real estate transactions in New Jersey.
Key Changes to Be Aware of:
Mandatory Non-Exclusive or Exclusive Buyer Representation Agreement
From August 1st, it is required to have a Buyer Representation Agreement in place. This document outlines the responsibilities of your agent, details on how their compensation will be paid, and allows them to legally advocate for you throughout the transaction.
Mandatory Seller’s Property Condition Disclosure
Sellers must now provide a completed and signed Seller's Property Condition Disclosure form. This ensures transparency and provides buyers with essential information about the property.
Designated Agency
The new law permits Designated Agency, allowing the managing Broker to choose an agent within the listing office to represent the buyer. This change aims to enhance the representation and services provided to both buyers and sellers.
Disclosure of Representation at Open Houses
Listing Agents are now required to post a disclosure of representation at Open Houses, clearly stating whom they represent. This ensures clarity and helps buyers understand the representation dynamics during the home-buying process.
*In accordance with the National Association of REALTORS® proposed settlement agreement (effective August 17, 2024), any pre-closing disclosure form that pertains to brokerage representation must include the conspicuous statement that broker commissions are not set by law and are fully negotiable.
I am excited to be collaborating with professionals in the real estate industry. We share a passion for our work, and our effort shows. We’re constantly looking for ways to do things better. This is just the start, and I eagerly anticipate the future. Check out the video here https://youtu.be/euursqk2Y7E?si=XE1JYIxADRjRSmUd
Hello, and welcome to the very first episode of the Come on Home real estate podcast. In this inaugural episode, we are going to be speaking with Vince Gutierrez, a bilingual loan originator from NFM Lending. Vince will discuss the various mortgage loan options that are available to potential home buyers, and he will explain what to expect throughout the mortgage loan process. We are also going to be chatting about the latest real estate news and trends. Finally, we’ll provide you with some real-world examples to show how our tips can be used to achieve your personal real estate goals. So, sit back, relax, and enjoy the show!
#realestate #newjersey #mortgageloan #realtor #loanoriginator
Executive Producer & Host, Beatrice Caraballo
Executive Producer, Pastor Eric Zeidler {CTF-TV Christian Network}
Producer/Videographer, Gustin Conde
Makeup by Carolina León
Stylist Maggie Hernandez
REALTOR: Beatrice Caraballo (856) 676-4046
Loan Originator: Vince Gutierrez - Mortgage Loan Originator NMLS #2088096 (856) 371-9424
𝖯𝖱𝖮𝖢𝖤𝖲𝖲 𝖳𝖮 𝖮𝖡𝖳𝖠𝖨𝖭𝖨𝖭𝖦 𝖠 𝖢𝖮𝖭𝖳𝖨𝖭𝖴𝖤𝖣 𝖢𝖤𝖱𝖳𝖨𝖥𝖨𝖢𝖠𝖳𝖤 𝖮𝖥 𝖮𝖢𝖢𝖴𝖯𝖠𝖭𝖢𝖸 𝖨𝖭 𝖳𝖧𝖤 𝖢𝖨𝖳𝖸 𝖮𝖥 𝖢𝖠𝖬𝖣EN:
1. Pick up the Zoning Permit Application from City Hall - Division of Planning Room 224 then do these steps…
You MUST bring a check or money order in the amount of $69.56. You MUST also bring a copy of the Deed, obtain the tax, water and sewer records from the City Hall - Tax Office Room 117 and bring a floorplan of each floor. This step is a MUST! Start filing as soon as you win the offer.
*Note: The tax office is only open until 12 pm.
You will obtain the Zoning Permit; Use: Single Family Dwelling Certificate of Occupancy within 7 to 10 business days starting the day after you file. If you do not receive this letter on time, please make sure you contact them for follow-up.
2. Once you receive the Zoning Approval letter, you can now apply for CCO in City Hall - Room 403. You MUST have an appointment in order to be seen.
This step includes Building, Electric, & Fire inspections. The fee for this application is $200.
Once they entire all the information in their system, you MUST call them (856) 757-7032 to schedule the inspections. I suggest you keep a lockbox at the subject property.
3. While you are waiting for the CCO you can apply for the FIRE and Smoke Alarm Inspection. The application fee is $64. You can fill out the application at the Fire Department located at 4 North 3rd Street in Camden, NJ. You MUST call to schedule an appointment by calling (856) 757-7531.
Office hours for all of the above is 8:30 AM To 4:30 PM.
I love working with professionals from our industry. It's an important part of building strong communities and relationships. It's the reason I can create content that is relevant and interesting to our clients. This is just the beginning, and I can't wait to see what the future holds.
Click on the link below to watch the video https://youtu.be/euursqk2Y7E?si=XE1JYIxADRjRSmUd
The Come on Home Real Estate Podcast is a place to get information on real estate, but I have to confess, I never thought we'd tackle something as specialized as pool inspections. But that's exactly what we did in this episode.
As you know, buying a home is a big decision, and one that should always involve a professional home inspection. This episode featured a guest, Michele DiCorcio, from A to Z Pool Inspections. We got to chat with her about how buying a home with a pool adds another layer of complexity to the inspections.
First, we covered the vital role of an inground pool inspection before closing on a home. We wanted to know what to look for during an inspection. Our pool expert detailed the things we should be aware of.
Then we talked about the maintenance of inground pools. As I said, not my area of expertise. But pool inspections are important year-round, Michele explained. Not just when it comes time to sell the property.
#realestate #newjersey #ingroundpool #realtor #inspections
Executive Producer & Host: Beatrice Caraballo
Executive Producer: Pastor Eric Zeidler {CTF-TV Christian Network} Producer/Videographer: Gustin Conde
Makeup: Carolina León
Stylist: Maggie Hernandez
REALTOR®: Beatrice Caraballo (856) 676-4046
Licensed Pool Inspector: Michele DiCorcio (609) 558-1111
Find Your Dream Home Today
Undocumented Immigrants
Many people assume that U.S. laws prevent undocumented immigrants from buying homes, but I've personally witnessed this not to be true. There are quite a few undocumented immigrants who are homeowners in the U.S. However, to accomplish this, they must jump through a few extra hoops in the process. They must also fulfill all the same obligations as any other homeowner. In light of this, I ask myself, what is it that truly holds them back from homeownership?
Undocumented immigrants are also not permitted to get loans under the same terms as other homeowners. They have a harder time finding lenders who are willing to give them credit. Because of this, they have a much more difficult time getting mortgages, a significant impediment to owning a home. As for fulfilling the other obligations of homeownership, many are simply unable to afford them. If they do manage to make the purchase, can they afford property taxes, insurance, and other ongoing costs?
Undocumented immigrants are still people. They deserve to have a safe and comfortable place to live, just like everyone else. Let's think about them when we vote on legislation for housing.
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Mucha gente asume que las leyes estadounidenses impiden a los inmigrantes indocumentados comprar viviendas, pero he visto personalmente que esto no es cierto. Hay bastantes inmigrantes indocumentados que son propietarios de viviendas en Estados Unidos. Sin embargo, para lograrlo, deben superar algunos obstáculos adicionales. Además, deben cumplir con las mismas obligaciones que cualquier otro propietario. Ante esto, me pregunto: ¿qué es lo que realmente les impide ser propietarios de una vivienda?
A los inmigrantes indocumentados tampoco se les permite obtener préstamos con las mismas condiciones que a otros propietarios. Les cuesta más encontrar prestamistas dispuestos a otorgarles crédito. Por ello, les resulta mucho más difícil obtener hipotecas, un impedimento importante para ser propietarios de una vivienda. En cuanto al cumplimiento de las demás obligaciones de ser propietario de una vivienda, muchos simplemente no pueden afrontarlas. Si logran realizar la compra, ¿pueden afrontar los impuestos sobre la propiedad, el seguro y otros gastos corrientes?
Los inmigrantes indocumentados siguen siendo personas. Merecen tener un lugar seguro y cómodo donde vivir, como todos los demás. Pensemos en ellos al votar sobre la legislación de vivienda.
Mortgage Process
If you are a non-citizen, you may ask yourself, "How can I buy property in the United States?" You must submit some or all of the following documents to your mortgage lender:
* Social Security Number or ITIN
* At least two years of work history in the same position
* Proof of reserves (proof you have enough cash for a down payment or reserves in case of a major repair).
* Recent bank statements.
* Two years of tax returns with the same ITIN.
* Your credit score.
* Valid foreign passport. If you do not have a valid foreign passport, you may be able to use a U.S. visa or a New Jersey driver's license (for undocumented immigrants).
You may not know, but the process of getting a mortgage can be complex. It can also be frustrating if you don't know what to expect. But if you're ready to get started, I'm here to guide you through the process. Please contact our Mortgage Loan Originator Vince Gutierrez at (856) 371-9424. He's an expert who can help you navigate the complexities of getting a mortgage, and ensure that you are on the right path to achieve your goals.
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Quizás no lo sepa, pero obtener una hipoteca puede ser complejo. También puede ser frustrante si no sabe qué esperar. Pero si está listo para empezar, estoy aquí para guiarlo en el proceso. Comuníquese con nuestro originador de préstamos hipotecarios, Vince Gutiérrez, al (856) 371-9424. Él es un experto que puede ayudarle a navegar las complejidades de obtener una hipoteca y asegurar que esté en el camino correcto para alcanzar sus metas.
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