REAL ESTATE, Uncategorized

O CANADA, NEW JERSEY IS WAITING FOR YOU

canada1

Canadians are itching to buy real estate. Many buyers from Canada are looking at Florida and that has really helped boost the sluggish real estate market down there. A little tapped area of interest for Canadians has been New Jersey. The market is still tight in that inventory is scarce. The Jersey Shore and surrounding areas are hot, but prices are still lower than normal. This makes for a great buying opportunity for foreign investors.

If you are looking for an excellent real estate investment contact me at sellfast@edwardmonti.com. I have access to homes that are NOT publicly listed on MLS or available to the general public. Estimates suggest real estate prices will soar in New Jersey. We are in full spring mode. Come take a look at New Jersey. I will represent your best interests, negotiate fair prices and find you your dream home in New Jersey

Standard
REAL ESTATE, Uncategorized

Dream Big With An Income Producing Horse Farm (Special Interest to UK Investors)

Have you ever wanted to own a horse? Everyone as a kid wanted a monkey, a horse or in my case a Koala Bear. One great thing about being a REALTOR® is that you can enjoy various types of properties and experience lifestyles, and properties that you have dreamed about.  Even if you can’t necessarily afford them, it is so much fun to visit with sellers and potential buyers and market these great properties.

One example is a great horse farm located in Allentown NJ that we just listed at Exit Prestige Realty.  This established horse farm property boasts:

Sixty nine (69) acres of usable land, fully functional and income producing with numerous highlights including 70 12’x12′ box stalls (main barn),80’X200′ Fully enclosed indoor arena with climate controlled spectators lounge, dedicated hay and grain storage bldg, 110′ x 250′ outdoor arena, 60′ Round pen, 35 huge paddocks, Seven individual saddling/grooming rooms with cross ties,blanket racks,climate controlled tack room, stall-overhead fans and so much more.  There is a beautiful stream and a bucolic setting.  Let your dreams come true on this fantastic fantasy horse farm.

 

 

DREAM BIG!Image

Want more info?  Email me at sellfast@edwardmonti.com or call me at 732-492-7126.

Standard
Uncategorized

BOOMERS: PRAY, HOPE AND DON’T WORRY

th (2) 

I looked in the mirror this morning and thought to myself when did the years creep up on me?  I was a toddler yesterday now I am my father’s age when I was 16 years old.  When I get together with other Boomers I hear the same story from everyone.  Their daily concerns revolve around the aches and pains they feel now but never felt before, college tuition, unmarried kids still at home, boomerang kids that came back and can’t leave, aging parents, tough bosses, in peril jobs, the lists go on and on.  These are very real fears, anxieties and concerns.

They look and feel exhausted, worn out and worried.  They are weighed down.  Women, the traditional care-takers and still the ones primarily that carry the heaviest load of responsibility are not the only ones that feel the pressure but they seem to have more weighing on them.  The men do as well, especially if they are the bread winners and are concerned over ageism managing them out of their jobs.

What can you do?  Well the root of all this is fear.  Fear is usually not your friend unless you are swimming toward shore with a shark in tow – then the fear adrenalin rush is your friend.  Many of us feel like that though, especially with looming concerns. 

Jesus is quoted as saying “But seek first His kingdom and His righteousness, and all these things will be added to you. So do not worry about tomorrow; for tomorrow will care for itself. Each day has enough trouble of its own.”  The gist of this good advice is that worrying is useless.  The first part really refers to prayer and trust in God.  The second part is that worry can’t change anything.  One way to allay fear is to prepare.  When a storm is coming the media scares people silly, however, some intelligent reporters allay fears by giving advice on how to prepare to weather the storm and maybe even enjoy yourself while the lights are out.  An ounce of prevention is worth a pound of cure.

Here are some suggestions to help with the pressures of life.  Preparation is key.

I always recommend prayer.  I pray with my wife before making financial decisions and really before I undertake anything.  I ask for Wisdom, guidance and help to make the right decisions.

I make lists of what I want to do.  Every January I update all my information.  I have files and paperwork which give clear directions and roadmaps to assets, medical, contact numbers, passwords etc…  That way if I kick, whoever has to get things in order will have an easy time of it.

Boomers have so much to contend with and very little time and energy to do what needs to be done.  I pick a Saturday that is rainy or snowy or if I have a vacation day available during the week or a lazy Sunday I use it to sit down in my home office, pull out all the paper work I need to update and enjoy a cup of coffee and a good radio station while I organize.  It is quite peaceful.  Lock the door and tell everyone you will be busy for two hours.  No cell phones.  No interruptions.  I know, I know, easier said than done but Boomers can do anything they put their minds to.

OK – first things first.  Organize yourself, then you can organize parents (if need be) and kids.  I use an excellent resource from CSA which I will be happy to email to you upon request called the Information for Life Kit.  It is a pre-printed guide with fill-in forms for all your important information.

 

Some Suggestions on Organizing Your Life

1.    Everyone should have a will.  It is relatively inexpensive to have a lawyer do it or you can download one from the web.  Check the internet for your state’s requirements on what constitutes a valid will.  I think it is worth having an attorney draw one up;  I can provide web sites that will suggest attorneys and other professionals upon request;

 

2.    Everyone should have a Living Will;

 

3.    If your assets are considerable speak with an Elder Care attorney about establishing a Trust;

 

4.    Create a list of assets, medications, doctors’ names and addresses, phone numbers, passwords, instructions etc… (E-mail me and I will be happy to email you back a copy of the Information for Life Kit by CSA);

 

5.    Boomers should look into long term health care insurance.  My wife and I are planning on applying now while we are healthy.  God willing we will never need it.  Many Boomers are looking into Long Term HealthCare Insurance.   In short this is the definition as provided by CSA:  “Long-term care is care that is provided for a wide range of medical, personal and social services for an extended period of time. Your health care professional determines that you have a chronic problem, lasting 90 days or more, and you will need substantial assistance. Care levels include assistance with daily activities, home health care, adult daycare, care in an assisted living community or nursing home. Supervision at home or in a facility is included if you have a severe cognitive impairment – memory or reasoning loss. Long-term care is intended to maintain and support an individual’s existing level of health, to preserve his or her health from further decline or to manage a deteriorating condition as safely as possible.”

 

6.    Everyone should consider their current health issues and those of their aging parents and how they may progress for the better or worse.  If for the worse then a plan should be put in place to arrange for home health care, paying of bills, laundry and house cleaning, shopping and meal preparation.  Family members should all have roles (it should never fall on one child if there are siblings).  Impose on your children and siblings if they are reluctant.

 

7.    Plans to care for pets should also be made;

 

8.    I would also suggest funeral arrangement preparations (at the very least buying burial plots);If a religious service is desired, prepare a request list to be carried out;

 

9.    De-clutter.  I am a big believer in de-cluttering in general.  Every year we de-clutter and get rid of stuff we haven’t used in at least 6 months.  The good things get donated to charity the garbage such as old paper documents and things that are not salvageable etc… are tossed.  There are actually services that will help you de-clutter if you need it.  They are reasonably priced and are very popular these days.  Trust me that old clock that hasn’t worked in 15 years gathering dust in your basement is NOT worth keeping. 

 

10.  Sell your old jewelry, especially if you think it will be a bone of contention when you pass.  Use the proceeds to take a trip.

It is very important to nourish yourself in body, mind and spirit.  Don’t wait for a New Year to make a resolution.  Make little resolutions every day, nothing big.  Big ones always fade.  For example don’t take on a diet that will make you unhappy just eat healthy once or twice a week.  Make it fun.  Exercise is always a hard one for me.  I try to do something exercisey every once in a while.  Maybe make it a point to exercise twice a week be it a walk around the block or a walk on the boardwalk in Spring Lake.  I enjoy bike riding at the shore or the Manasquan Reservoir.  Have some alone time (even if it is just a good soak in a hot tub).  Make a list of books to read over the summer.  Go out with friends. Enjoy life.  Enjoy friends and family.  Pray, golf, fish, travel, eat out, exercise, go dancing, have a cocktail party with a small group of loved ones, take up a new hobby, mend broken fences, and reunite with a relative you haven’t seen or spoken with in years.  Take time to forgive old hurts and then forget them (easier than you might imagine).  The Boomer years can be the greatest years.

My wife and I love going disco dancing these days at the Battleground Country Club.  I lovingly call it 54 on Geritol but it is a great experience.  For a couple of hours twice a month we are kids again, with other Boomers who are kids again too, if only in our minds.

You don’t need a ton of money to enjoy these years, you don’t have to be in perfect health all you need is to make a personal decision to do it and have fun.

Live la dolce vita.  Padre Pio used to say – “Pray, hope and don’t worry.”  Try it – it works.

 

 

 

 

Standard
REAL ESTATE, Uncategorized

BOOMERS’ STUDENT DEBT and other interesting stuff…

Boomers having fun

Boomers having fun

Baby Boomers and student loans and Bankruptcy: Baby Boomers, Seniors are struggling with student loans, most incurred on behalf of their children or grandchildren. What a great people we are. Our parents and grandparents love their children and grandchildren so much that they would incur debt to insure their progeny get an education that may secure good jobs. But what happens if Boomers and Seniors find themselves in financial trouble in their golden years?

Relief from student loans is limited. They are no longer dischargeable in a bankruptcy but many courts including courts in New Jersey may allow the loan to be discharged as a result of undue hardship. If you are carrying student loan and are facing bankruptcy consult a bankruptcy attorney as soon as possible to find out what your options are.

Reverse Mortgages: Are you 62 or older and find yourself falling short of funds? Are you afraid you will not be able to keep your home? Do you just need a little more money to age in place comfortably? Then a reverse mortgage may be for you. Generally, if you are in good health and intend on staying put for several years the costs associated with obtaining a reverse mortgage may be worth it. There are some misconceptions about reverse mortgages. Before you decide on a reverse mortgage consult with an expert, know your pay-out options (e.g. Line of Credit, Monthly Payout, Lump Sum, Standard, Saver, HECM for purchase of a new home). You will be required to go to housing counseling before you decide on a federally insured reverse mortgage which in my opinion is a great idea. Visit HUD’s website https://entp.hud.gov/idapp/html/hecm_agency_look.cfm or call 1-800-569-4287.

Just some headlines from Senior Journal that I found of interest:
Spanish Study of Sex Life of Elderly Finds Men Much More Active Than Women

Sexual Satisfaction for Older Women Increases with Age into 80s

Older Adults Using the Internet are More Likely to Engage in Cancer Prevention Behavior

More than Half of Senior Citizens – Age 65 or Older – are Finally Online

Obama Administration Proposes 1.9 Percent Cut in Medicare Advantage Payments
Check out some valuable information for Boomers and Seniors at: http://www.seniorjournal.com/index.html

Standard
Uncategorized

PRESS RELEASE

ImagePRESS RELEASE: Howell, New Jersey

February 22, 2014 – Edward Monti, REALTOR® Associate with Exit Prestige Realty serving home sellers and buyers in Monmouth and Ocean Counties, has been awarded the Seniors Real Estate Specialist (SRES) designation by the Seniors Real Estate Specialist Council of the National Association of REALTORS (NAR), REALTOR® University. 

This designation is only given to agents that successfully complete a comprehensive course in understanding the needs, considerations and goals of real estate sellers and buyers age 55 and older.  The SRES course, designed and conferred by the National Association of REALTORS®, addresses topics such as distinguishing characteristics and trends related to the 55 and older population, housing, finance and retirement income considerations of those consumers; outreach methods for building 55 and older clientele; and counseling strategies to help clients and customers (and their family and friends) plan ahead for life transitions.

Ed has over 11 years in the real estate industry working as a paralegal, buying and selling homes and in real estate speculation.  Additionally, Ed has worked in the financial sector for over 17 years and as an entrepreneur for more than four years.  Ed enjoys serving the people in his community and beyond and has reciprocal relationships with industry experts and REALTORS® throughout New York and New Jersey.  He looks forward to helping the people of Monmouth and Ocean Counties realize their real estate dreams.  Ed resides in Howell, NJ.  You may contact Ed by cell at 732-492-7126, e-mail at sellfast@edwardmonti.com  or by visiting his web site at http://www.edwardmonti.com/

Standard
Uncategorized

SELLERS OF REAL ESTATE – BEWARE OF SUBSTITUTION

Edward Monti_2092Lo

What is the Principle of Substitution?  In a nutshell it is the premise that people would prefer to spend less on a similar product.  Sellers, your home is a product, make no mistake about it.  The goal is to market it correctly for sale.  That means making sure it has curb appeal.  First impressions really do count.  Secondly making sure the inside is clean, uncluttered and windows are Windex clean.

Thirdly, pricing your home correctly is essential.  Here is where wisdom comes in.  The Principal of Substitution means that an average buyer will weigh value based on structure similarities in similar areas.  For example a 4 bedroom, 2 ½  bath Colonial with a two car garage and no basement listed in Howell for $475,000 versus a similar described home listed at $425,000 will more than likely be the victim of the Principal of Substitution.  The lower priced home will attract more interest thus increasing the likelihood that it will sell quickly at or above list.

Sellers should consult with their Realtors and do their due diligence.  Check the net.  Research what similar houses are listed for and what they actually sold for.  Be aware of changes in market conditions by reading real estate blogs and news articles.  In some cases pricing the home a little below market value will draw more interest and result in a bidding war resulting in a higher than list sales price.

Pricing significantly higher than what a bank will appraise the home at is likely to result in financing troubles for buyers.  Beware of buyers who come in at significantly higher price, they may be unscrupulously trying to lure you into a deal they know the bank will not finance because the offer will be so far above what the bank’s appraisal will be.  Read my blog Wolf in Sheep’s clothing. 

 

 

Standard
REAL ESTATE

ATTENTION ALL GREAT BRITIAN

statue-of-liberty_450_20130325colors-of-england

If anyone is looking to come to live and work in the USA perhaps a career in real estate is for you. If you email me with your information I can email you back a packet of information (free of charge) explaining my career path, who I am, what schools are available and provide you with a Licensed Real Estate Broker to interview with for employment as a part time or full time Real Estate Sales Person. Here are the requirements:

  • You must be 18 years of age or older.
  • You must have a high school diploma or proof of equivalent education (such as a GED).
  • The Commission must be content with your display of trustworthiness, honesty, and integrity.
    • You must undergo a criminal history record check.
  • You must submit fingerprints.
  • You must not have ever been convicted of a crime.
    • You must not be on parole or probation.
    • Provide proof of U.S. citizenship or legal immigrant status.
    • Complete 75 hours of classroom training

Please email me at – emonti@outlook.com

If you are interested in buying or selling real estate in New Jersey I would be honored to earn your business. We have some beautiful properties in New Jersey.

Email me at – emonti@outlook.com

Standard