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Keller Williams Town Life
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Tenafly, NJ 07670

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Anat EisenbergAfter hundreds of transactions closed Anat is still passionate about real estate and it shows...

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Bergen County Real Estate News : June 2007 – week 2

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Englewood: condos for sale
Bergen County: Residents try to renovate home
Another case of housing in polluted regions
Foreclosures in Bergen County
Bergen County’s Housing project
 

Englewood: condos for sale

New changes have now been put into effect at Flat Rock Square, the new mixed-use village of Englewood homes. As per the changes implemented on Tuesday, May 29, 2007, the developers of the community would have to pay higher amount in minimum property tax. They would also be required to sell the units as condominiums before they can rent them out.

This ruling is not much in tandem with what the developers had in mind. During the planning board decision in February, the developers had been given the freedom to choose between renting and selling the residential units. That option had been more viable as developers stated that renting was more profitable in these times as the market for selling condos had reduced in viability. Notwithstanding the new ruling, council members say that condos will generate higher tax revenues, and will help protect taxpayers and owners of Englewood real estate.

In return of this ruling, the council has eliminated the requirement for constructing 240,000 sq feet of office space as part of the project. Also, the developers have the freedom to propose a smaller office building. Besides the housing, a 160-room hotel, retail and office space are planned on the site. The terms now require that the developers spend approximately $1 million to market the condos for six months before renting them out. They would also need to pay $2 million as taxes for the residential units.


Bergen County: Residents try to renovate home

A couple of residents in Hackensack, Bergen County, who tried to save money on construction, will now end up paying much more than they intended. The homeowners of a two-family home in the region took a permit for $107 to redo the basement floor and roof. However a casual check at the home by an official revealed that they went further than what the permit allowed them. They had excavated approximately 3 feet of soil and the foundation and footings of the rear entry foyer had been removed.

Officials stated that this left the foyer suspended in a dangerous manner. Dirt was also excavated in the basement for waterproofing, another aspect that the owners did not take a permit for. The owner also demolished a bathroom in the basement with plans to add it in a different location. The homeowners stated that they did not know that so many permits were needed for renovation. Officials called in the special operations unit that put supporting wood beams under the foyer and threw stone to fill up the three foot hole. A stop work order was also issued to the residents. These residents who tried to repair their home themselves and probably save money, now face charges over $2,000 in zoning and construction violations. They will also need to bear additional charges of hiring an architect.


Another case of housing in polluted regions

After the Teaneck case of polluted surroundings, the State Department of Environmental Protection is raising doubts about the carcinogenic agents that may have been left at an area in Wood-Ridge.

This area which was formerly the site of a landfill of the Curtiss Wright engine plant will soon house 700 homes. However various tests like the soil vapor test conducted in the area show that contaminants are much above acceptable levels in the region. However some areas have safe soil and as per a decision reached by the DEP, the land development can take place in phases along with a cleanup program for removing contaminants. This program of cleaning the area could cost up to $27 million.

While the developers assure that once housing and cleanup is complete, the land would be safe for living, many people have their concerns about the case. Few experts have even cited documents of Curtiss Wright and the developer that state that further cleanups if needed, would have to be funded from taxpayers.


Foreclosures in Bergen County

As an increasing number of mortgages get into troubled waters, various amateur and expert investors participated in a seminar in Bergen County called to address the issue. The seminar was conducted at an auditorium at the Bergen County jail in Hackensack. Over hundred people attended the event that was sponsored by the Bergen County Sheriff. The seminar highlighted the aspects that foreclosures are not an easy route to easy money.

Statistics put forth at the event also demonstrated that Bergen County may be heading towards a record number of foreclosure sales in the year 2007. Records show that foreclosures over the years have been on rise and the county reported 59 foreclosures in 2005, 95 in 2006 and till date 72 in the year 2007. Currently various homeowners taking subprime or adjustable mortgages are seen to have fallen behind their payment schedules. Foreclosure sales are usually scheduled on Fridays at 2pm and are conducted at the Bergen County Courthouse. These sales are open to the public and those interested can check out the list of properties which are advertised online at bcsd.us and in The Record on Wednesdays. A free list can also be availed from the courthouse.


Bergen County’s Housing project

Over two hundred housing units may come up in Oakland, once the project is signed off by Bergen county and the state. This project to come up over 83 acres of land, is slated to complete over a period of three years, and will be undertaken by Pinnacle Cos. LLC based in Chatnam. Included along with these housing units, are 28 units of affordable housing that are being offered by the developers.

Attempts to bring housing on the site have been on since the year 1991, when the borough agreed for bi-county development including affordable housing units. Pinnacle, purchased the property in 1997 and submitted its first development proposal on the area way back in 1999.

Till now the project has faced great opposition, from the neighbors who feel that the site is better suited for a park. Many residents have even expressed concern that school children from the development could increase the crowd in local schools. As per spokespersons from the developers, the building plan is ideal for the area and the borough’s zoning board has been anticipating such a development in the area. However a final vote on the project is still to be taken and the board would take it on June 28, 2007, when the project would finally be approved.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : May 2007 – week 3

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County luxury homes affected by housing slump
Bergen County fighting Illegal housing
Bergen County towns try to save
Bergen County homes awarded commendation for preserving historic status
Roads being repaved in New Jersey


Bergen County luxury homes affected by housing slump

Bergen County and other wealthy suburbs are affected by the housing slump in New York and the neighborhood. While these rich communities have been unaffected so far, the tightening of credit in response to rising sub prime defaults has caused the national housing to slump and prices to fall by as much as 15%.

Various experts in homebuilding and the luxury housing segment state that many buyers have been dissuaded by the news of defaults by sub prime borrowers. While many buyers of the luxury homes segment are not concerned with sub prime borrowing, the news in itself has caused a setback in buying attitudes. As many first time buyers are sub prime borrowers, probably the sales have been affected.

National statistics for the year 2007 also show that median prices for an existing home may go down by 0.7%, the first year over year drop since 1968. Statistics also show that the number of homes in Bergen and neighboring counties that sold for less that $400,000 in the first quarter of this year, fell 27% from the same period in the year 2005. In this segment too, sales have reportedly been less as fewer first-time home buyers are entering the segment. Another reason has been the rising home prices that have made many prospective buyers wary of the unstable market.


Bergen County fighting Illegal housing

The borough of East Rutherford will soon focus its attention on preventing and controlling housing violations in the area. As the council tightens its rules, many will be fined for violating regulations and illegally subdividing their houses. The issues of single homes being illegally subdivided into two-family homes is a growing one as many homes across Bergen County and the neighborhood were seen to be indulging in these wrong practices. Tighter building code enforcements would be put in place and a part-time official would be hired to monitor the progress on implementing regulations.

An annual salary of approximately $15000 a month is allocated for the official who would give approximately 20 hours a week to the cause. The job of the officer would be to keep a track of homes following wrong practices and to send out summons to them. The ordinance is expected to be approved this month, and once it receives approval, the borough will join the group of other communities from different towns in Bergen County (like Cliffside Park and Carlstadt) that are taking action against housing violation. Violators can face fines up to $2000 in case they have violated regulations, do not plead guilty or do not have permits.

However, while many feel that this may be a good move, a few experts also state that focusing attention on illegal housing removes attention from the bigger problem of affordable housing. These are times when the borough should be seeking new opportunities for increasing affordable housing and not focus energies on sending people from illegal homes to other illegal houses.


Bergen County towns try to save

Various towns of Bergen County have now gotten together to implement new means for saving the taxpayers money. As per the commissioner of New Jersey Department of Community affairs, money has become tighter, towns are pressed into action for seeking novel ways in which they can partner and reduce their risks of losing state aids and grants. A lot of savings are being implemented in shared services whereby various counties and towns are taking up jobs for other counties too.

However many feel that New Jersey needs much more than that to cut its tax. With the area dividing itself into approximately 566 municipalities and 616 school districts, merging resources can also be unacceptable to residents who like the autonomy of their small towns. Sharing equipment and services also falls unsuitable in many cases. One such case was where the county considered merging the Northwest Bergen Utilities Authority with the Bergen County Utilities Authority. However the county decided not to take up the merger as redoing union contracts would have cost a lot of money. Another case where merger did not work was when the residents did not accept merging police departments at Emerson and Westwood.


Bergen County homes awarded commendation for preserving historic status

Four homes in Bergen County were proud recipients of the Historic Preservation Commendation Awards. At the 25th annual Historic Preservation Commendation Awards function, conducted on Thursday, May 10, 2007, various restored houses received these awards. The four homes from Bergen County that featured on the list included the James C Blauvelt House and Cariage house (built 1872), the Sylvan Building, or The Kurgan-Bergen Building (built 1901), the King Jellison House (built 1873) and the John A. Haring House and Barn (built 1755). These homes are located in Closter, Rutherford, Tenafly and Rockleigh respectively and are well known for their architecture, style or historical significance.


Roads being repaved in New Jersey

Many repaving programs are on in New Jersey and various highways are being improved and repaired. This came up after various studies (like the 2005 Highway commission report) indicated that roads in New Jersey top the list in roads with poor condition. However, while the $300 million program promises to bring respite at various places across New Jersey, not much repair is in store for Bergen County and the neighboring towns. Even for the year 2008, while $70 million is scheduled for repaving the roads, no funds will be used for repaving in Bergen County.

The last time roads in the county were repaved was two years ago, when Route 17 was coated with asphalt. As per Kris Kolluri, the funds will be used first for roads that are heavily damaged and in serious need of repair. While the repairs promise to be a boon for many motorists, there is a large segment who hope that more attention could be paid for routes 3, 4 and 46 in the Bergen and Passaic counties. Many added that while repaving efforts are on, not much attention has been paid to fixing the roads.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : May 2007 – week 1

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County: storm damage aid comes handy for many
Luxury housing project in Bergen County
Luxury rental units to come up in Ridgefield
New housing plan in Saddle Brook, Bergen County
Blue moon Mexican café


Bergen County: storm damage aid comes handy for many

In Bergen County and Passaic county, over 2000 homeowners, renters and businesses whose buildings were affected by the floods applied for the federal assistance of storm damage aid. Approximately $500,000 was approved as grants and officials from the Federal Emergency Management Agency (FEMA) stated that they had received over a thousand applications from Bergen County alone. Among those received, the organization had approved loans for 200 people and had disbursed amounts of $390,000.

The officials also stated that they were expecting to receive more applications in the days to come. These funds can be utilized for removal of debris and repair of infrastructure facilities affected by the floods. Approximately 60 inspectors did their rounds, knocking on doors and checking the extent of damage through the County. To enable easy access to storm affected residents, the FEMA also opened six disaster recovery centers at strategic points in the state. These centers also provide useful information on housing assistance, rentals and repairs. Information on low interest loans by the Small Business Administration is also offered here. While few residents are pleased with the timely support and assistance, many are looking for more. On interviewing many residents stated that they had lost quite a lot in the floods and rather than a low interest loan, they would rather have some form of compensation.


Luxury housing project in Bergen County

Aurora Development Partners LLC, an organization based in Teaneck has now proposed the building of million dollar condos in Cliffside Park. These condos will come up as two towers made of glass and steel on the Palisades. The proposed structures are expected to comprise of 131 units, which will range from 1800 sq ft to 3100 sq ft in size. These units would come up on Adolphus avenue and would give excellent views of Manhattan and the Hudson River.

The interiors of these condos are also expected to be exceptional as they are being done by Philippe Starck, a renowned French designer. With so many inputs going into this luxury housing project, each condo is expected to fetch sums of approximately $1million to $3 million.

The developers are also renovating the park opposite the site. This park was last developed in 1993, and after public requests during the public hearings, the developers have agreed to take the project up. To achieve this developers have agreed to pay monthly rents of $2000 and make renovations worth $150,000. While new swing sets and benches are being installed, the developers went a step ahead to also raise their sales office, which is illegal as per state regulations. As a result state open space officials have blocked the development made by Aurora.


Luxury rental units to come up in Ridgefield
A luxury rental community is all set to come up along the intersection of Challenger Road and Emerson Street in Ridgefield Park. As per borough officials, this 435-unit luxury-housing complex would provide more tax stability for residents. The complex would come up on three empty plots, which measure to approximately 13 acres of undeveloped land. The units would be one, two or three bedroom units and would comprise of a studio also. Besides this, a restaurant, retail store and a bank are also being proposed. An uncertain number of affordable housing units are also being planned in the area.

The main target audience for this kind of rental housing would be young professionals or young married couples with few children. The building developers assured residents of Ridgefield Park that the housing would have little impact on village schools because most of the target market would not have children.

This area has been vacant for over fifteen years after Hartz Mountain Industries Inc did not complete redevelopment here. Its lease expired in 2005, time when new developers took the challenge up. The development would be undertaken by Avalon Bay, which has agreed to lease the lots and promised that the lots would be for rental purpose and would not be sold. The company is all set to prepare legal documents of the land and take up environmental testing in the area.


New housing plan in Saddle Brook, Bergen County

A new housing plan in Bergen County intends to transform a rundown toy factory into a housing complex that targets homes for people aged 55 and above. The proposed complex, called Crossroads Village at Saddle Brook is the brainchild of developers Crossroads LLC. The developers intend to put up 93 apartments on the block and also plan to undertake thorough cleaning as per the highest norms of the Department of Environmental Protection.

While developers state that the construction had potential to hike up property values for the residents, not many people from the neighborhood agreed to the statement. In fact, many residents expressed doubt that the project could worsen their sewage and flooding problems. The residents added that the town’s infrastructure was old and already beset with many leaks at varied places. Also after the nor’easter floods have played havoc, addition of a complex as huge as the proposed one could cause the infrastructure to collapse anytime. These statements are attested by the draft report that was released a couple of years ago stating that the entire sewage system needed to be reconstructed. While development has been scaled back in most areas due to the sewage problem, only the Amloid toy factory was spared.


HBlue moon Mexican café

Food lovers who have loved the Mexican cuisine at the Blue Moon Mexican café can now look forth to more restaurants opening. This popular Mexican eatery in the metro areas of New York is now planning expansions. In this regard the company formed the Blue Moon Franchises LLC and is expected to open eight to ten branches in the areas of Northeast US. It currently has branches in Bergen County, Manhattan and Westchester County.

The Blue Moon Mexican Café is a favorite of many people across the County, for varied reasons. Some like the fresh items that are prepared daily. Also the menu has something to suit people from all age groups, whether it be small children or grown up adults. The outlets have been a success across the region, which can be seen, in their sales figures. For example, sales in their fiscal year 2006 amounted to above $1 million in each of their outlets. More details on where the franchise outlets would open will be released later.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : July 2007 – week 3

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County is favored by immigrants and women
Highlands Act in a court case
River Edge offers good luxury housing
Affordable housing in Bergen County is still a distant dream
Population declines in New Jersey

Bergen County is favored by immigrants and women

In an interesting research, it was revealed that the maximum number of people buying homes in Bergen County and New Jersey were either immigrants or women. Many legal immigrants come to North Jersey for better prospects and make up a large chunk of the population in the region. In Bergen County alone, out of a population of 884,000, foreign-born residents account to be at 222,000. Among these, 88,000 came from Asia, 68,000 from Europe and 59,000 from Latin America.

However current statistics also reveal that many such immigrants are moving out of the region due to the increasing costs of living. For example, in Bergen County itself, 34000 people approximately migrated to other states within a five-year span from 2000 to 2005. Many of these immigrants seek duplex homes or multifamily homes, reported the survey conducted by the Otteau valuation Group.

Besides these immigrants, single women form another major chunk of homebuyers. As per the Center for Women’s business research, women owned businesses grew by 63% (between 1997-2006) and home purchases by women stand at 22% in New Jersey. Condominiums are a top favorite among women buyers and approximately 40% of these purchases are made by women. Home purchases by single men however stand at 9% only.


Highlands Act in a court case

In new developments, a lawsuit was filed against the Highlands preservation Act, stating that it prevents affordable housing from being constructed. Kaplan Co, a major developer for housing, filed the complaint at Warren County Superior court. The case stated that the developer was being prevented from constructing 132 age restricted homes in the 47 acre region of Old Allamuchy road in Independence township. These constructions were also to include 14 affordable units.

This complaint has been placed under ‘builders remedy’ that allows developers to do constructions that allow for affordable housing. Currently a hundred such builder remedy cases are seen to be registered against municipalities in the region. However this is the first time that builder like Kaplan has decided to file the case against the State Government. The Highlands preservation act also known as the Highlands Water Protection and Planning Act was put in place in the year 2004 in order to protect the over 800 acres that supply drinking water to various residents in Bergen County and the neighborhood.


River Edge offers good luxury housing

River Edge in Bergen County is a wonderful place to live in, say many residents of the region. This area has good schools, parks, facilities and great housing too. Moreover the region is well connected with two railway stations and frequent buses to New York. The over 2500 houses that dot the region were all constructed during the post war years and still retain their original charm and construction details.

For those skeptical about purchasing homes in Bergen County region due to an unsettled market, rental options are also available at River Edge. Statistics indicate that the region has approximately 3000 occupied and purchased homes, and approximately 1000 homes are also offered for rent. The northern part of town has excellent modern constructions including condominiums. A recent development includes the construction of nine luxury townhouses that are coming up as part of “The view at River Edge” project. The southern side has excellent complexes too, and is further poised for development to include more housing units, both for purchase and rent. Roads will be widened in the southern part of town and retail buildings will come up at the Huffman-koos furniture site.


Affordable housing in Bergen County is still a distant dream

If you are looking for low cost housing, then New Jersey may not be the best option for you. Statistics reveal that the cost of housing in the region is extremely high, noted to be at 52% above the national average. The cheapest private homes in New Jersey are noted to be over $300,000 while rental homes are not available to suit everyone’s needs.

However plans to provide more affordable housing through the support of non profit organizations is underway. Affordable housing has been defined as units for persons earning 80% or less of the region’s median income can afford to rent or buy. In Bergen County, forty-one towns have filed their plans with Council On Affordable Housing (COAH) in this regard. The COAH also added that Bergen County municipalities themselves are obliged to provide for approximately 5000 affordable housing units. As the prospects for affordable housing seem to improve in plan, much still needs to be done in action. Also, not many officials agree to the housing patterns offered by these plans. Some like Richardson stated that, her ward doesn’t need, “more projects for poor people bunched together”. With the rising costs of land and demand for single-family homes, affordable housing needs a much-needed push to be implemented.


Population declines in New Jersey

Facts and figures showcased that population data showed a decline in Bergen County and many other towns in the neighborhood. However despite all declines, Bergen County continues to rank as the most populated amongst the 21 counties of New Jersey. Essex, Middlesex and Monmouth rank second, third and fourth respectively.

The data collected for the year 2005-2006, showed that population across the state has declined slightly mainly due to increase in taxes, less developments and an ageing population. The sizes of households are also seen to go down as children grow up and leave home. Many also feel that an increase in property taxes is a growing factor in making people consider other neighborhoods. However a few experts downplayed this factor, by adding that along with rises in property taxes, per capita incomes have also risen. A few regions are now taking up redevelopment projects to attract new residents.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

Bergen County Real Estate News : April 2007 – week 4

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County: reduction of population
Teaneck: Housing replaced by chemical factory
Debate over construction in Hackensack
Englewood conducts Health fair
Fire in Closter


Bergen County: reduction of population

Bergen County and other parts of New Jersey population of is reducing over the years. Both for the real estate agents and residents who are on the lookout for good housing projects, it is time to see and reflect at the reasons why this could be happening.

Statistics by the US Census bureau reveal that in 1950, New Jersey ranked eighth in population and comprised of six of the largest urban areas in North America. However over the years, when the population needs a fillip, it is seen to be steadying down to a figure of 21%, mainly after September 11, 2001.

One reason for this exodus of people to other regions could be a high cost of living. With substantial amounts of state and local debts and taxes many find it difficult to fuel these raises. With a larger number of people leaving New Jersey, the tax burden increases on the people living there.

Another reason why many people have been leaving could be the number of colleges and quality of education. If the education offered in New Jersey were good, many would opt to stay in its towns. Probably it is time to attract people to come and stay in New Jersey through these measures. Another way could be to promote renewable energy sources like solar panels that not only reduce the stress on power networks but also help residents with incentives and rebates.


Teaneck: Housing replaced by chemical factory

Holuba realty, the development company that had proposed a housing complex in Teaneck near the Herrick Park has now changed its proposal plans. The 196-unit housing complex proposal is now being replaced by the proposal for a chemical factory. This chemical factory would prepare detergents and cleaning solvents in collaboration with Stanson Chemicals and another chemical factory. Also, the current proposal includes an additional 54,000 sq ft of industrial space, which triples the land initially proposed.

This change in plans came up after various residents in the Teaneck neighborhood complained that a housing complex could crowd the area. After many protested and various zoning requirements were found lacking, the developers perceived that a change in plan would be the best solution. The site is zoned for chemical-industrial usage and hence the developers perceive that zoning changes would not be required. The residents, who had initially opposed the housing complex, are now overwhelmed by the potential of the factory and hope that the project does not affect the neighborhood. However, the ‘for sale’ sign is up on the property for a price of $25 million. Officials state the sign would be up till construction commences.


Debate over construction in Hackensack

A new issue in the court of Hackensack is regarding the development of a plot of land in the neighborhood. Peter Tucci, owner of approximately ten lots in the Southern part of the neighborhood has been accused of keeping most of the land undeveloped. The planning board and the city council have marked these areas, as lands that need redevelopment.

Proposals for redevelopment have been called from developers, which if approved will lead to obtaining the land through the means of eminent domain. One developer, Fishman Real Estate Enterprises, has proposed the development of approximately 200 residential units, retail space and a hotel in the area.

However Peter Tucci is displeased with the way things are progressing and has filed a case in the court accusing that the Planning Board has not followed proper procedure. Additionally he has submitted plans for a 122 room hotel and retail complex. Tucci, who has been criticized for not developing the properties he amasses, stated that he wanted to develop his land his way. The case has been adjourned till May 17th, 2007. In the meantime the court has asked Tucci and city attorneys to reach a suitable agreement.


Englewood conducts Health fair

Englewood conducted its tenth annual health fair after much planning. Designed to benefit the people living in Englewood and neighboring towns, this annual fair comprised of free health screenings and information on topics like ageing, retirement planning, HIV/AIDS, women’s health, organ donation, mental health, cancer and community violence to name a few. These are important factors that touch the lives of many at some point of time in life.

Many attended the fair and availed the various services that were offered. Besides health advice, the fair also offered information on the various hospitals, clinics and social service agencies in the area. Addresses, contact details and phone numbers could be taken. The event was conducted at the Dwight Morrow High School where it took place from 4pm onwards on Saturday, April 28th, 2007.


Fire in Closter

As a Closter factory burned with huge flames spewing embers on the neighborhood, late night employees and many residents from the neighboring areas were evacuated. Approximately a dozen residents were evacuated from their homes, as firefighters feared that propane tanks present in the building might explode and cause injuries.

The fire began on Friday, 2:20 am and members of the Weyerhaeuser Co. contacted 911 to saying that fire had erupted in the shipping container. Firefighters from eight to ten towns reached the site and said that it was a four alarm plus fire, which had caused the rear end of the building to collapse. Approximately 30 employees noted to be working at the night shift were evacuated immediately from the building. Nobody was injured as action was taken on time. Flames were huge and even with the rain; it took approximately ten hours to control the fire. Once the site cools down, the arson squad of the county is expected to come and determine the cause of the fire.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : April 2007 – week 3

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County messy after floods
Bergen County: delayed mortgage payments indicate long term danger
Bergen County supports small businesses
Bergen County residents asked to conserve energy after floods
Fort lee makes its ferry-park service fee based


Bergen County messy after floods

Bergen County was seen to be the worst affected, as floods from the nor’easter hit all major highways in the area and water entered many homes on April 15, 2007. Many flights were cancelled, roads were blocked and life was thrown out of gear for most residents of Bergen County. The storm was said to be the most powerful since the last 15 years and the devastation could show. Till now two have been reported to have died and many have been evacuated from their homes.

As per the National Weather Service, the after affects of the storm are likely to remain for a few more days. A flood watch to prevent any more disasters from happening has thus been on across the state after this heavy storm.

Routes 4, 3, 17 and 46 experienced maximum impact from the waters that flooded them, preventing traffic to move on the roads. Stranded motorists waited in their cars for the worst to pass and as many side roads were washed out they considered the alternative routes that could be taken. In a few regions emergency workers rescued people using fireboats and from cars floating on the flooded roads. Many had to be evacuated from their homes and the Bergen County office of emergency management was handling the responsibility of providing temporary housing to those affected residents. Fireboats were used for rescue purposes in the areas of New Milford while a bridge is under inspection in the area of Ridgewood.


Bergen County: delayed mortgage payments indicate long term danger

Many homeowners in Bergen County were seen to be delayed with mortgage payments which were due for the month of February. Approximately 11% people with subprime mortgages were delayed by as much as 60 days for making payments. The figures were seen to be up from last year when 6% people had offered late payments.

This is an alarming trend that indicates how much loans near foreclosure have risen in the county. A similar trend was noted across the state and such delays have risen by 5.8% in various parts of New Jersey. As per data put together for the Joint Economic Committee by Realty Trac, these figures are only going to rise in this year and over the next few years. Lenders usually opt for foreclosure measures when a loan is over due by 90 days, figures that we may soon approach through this year.

The main reason why such foreclosures and delinquencies may happen have been accorded to the expiration of short-term teaser rates on adjustable rate mortgages. Many homeowners are unable to pay for the high monthly payments and cannot refinance as they owe more than what their house is worth. Officials are thinking of a plan to prevent such foreclosures from happening as their occurrence could lead to a drop in housing prices in the region.


Bergen County supports small businesses

Residents in the towns of Bergen County, who are planning to venture into small businesses, now have the support of various agencies and organizations. One such organization set up for entrepreneurs in Bergen County is the Bergen County Economic Development Corporation. This corporation renders plenty of support to start up businesses in areas that range from recruitment of employees, to training the employees and follow up assistance. Support on real estate options for businesses is also offered. The organization has an online presence too and more details are available at its website titled bergen4business.com.

Business women can benefit with support rendered at the New Jersey Association for Women Business Owners. This organization conducts a range of workshops and expositions among other events.

Other resources that can provide plenty of support and assistance to small business owners include the US Small Business Administration New Jersey District office, the Economic Development Authority, Commerce and Industry Association of New Jersey, North Jersey regional chamber of commerce and the New Jersey small business development centers.


Bergen County residents asked to conserve energy after floods

Residents in many Bergen County tons, such as Dumont, Englewood, Bogotá, Teaneck and Tenafly were asked by the PSE&G to conserve energy After the nor’easter floods caused havoc in various parts of Bergen County.

The Public Service Electric and Gas agency requested the residents to reduce their usage of heavy-energy appliances like air conditioners etc. Important appliances like washing machines could be used late in the evening when the load on power supply was comparatively lesser. The peak hours of power usage were 4pm to 7pm and spokespersons from the PSE &G requested residents to avoid these times for using appliances as it could overload the existing power network.

This request was made as repairs are being made in the electrical substations that were affected by the floods. About three feet of water entered the substations and many residents had to be without power for hours. However temporary repairs were made to restore power by transferring the load to other parts of the network. For a permanent repair, up to two weeks may be needed, time during which residents from varied towns of Bergen County must control their usage of power.


Fort lee makes its ferry-park service fee based

Fort Lee’s parking authority of the Fort Lee borough council now plans to put a stop to its free ferry – park ride service. This service which has been provided free of charge from April 16, 2007, allows commuters to park their cars and take a free van ride up till the ferry. The drive is up to eight minutes long and customers have easy access to board the bus from various pick up points.

However from the month of May, the council has decided to charge $70 per month (plus taxes) from the customers to avail the service of parking and using the bus service. Residents can also opt to take only the bus ride service at $10. The borough has also decided that those who take the monthly pass for the ferry park ride can use the service for free for the month of April.

The ferry park ride has been an innovative program and borough officials are still testing out the various options that can be economical yet suit the needs of residents best. The cost of the bus rides till now has also been met by the money from meters and parking tickets. However borough officials state that in order for the program to be successful it is necessary that a minimum of 50 residents register for the service. Surveys of residents have showed a positive response too, with many stating that they would take up the option of park and ride. Those interested can purchase these passes at the Fort Lee Parking Authority.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : August 2007 – week 2

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

More Bergen County towns opt for Telephone alert system
Englewood Property tax revaluation leaves many unhappy
Bergen County residents help the disabled
Housing market affects Bergen County markets
Bergen County townhouse complex causes environmental concern


More Bergen County towns opt for Telephone alert system

The SwiftReach telephone alert system may be the perfect answer to reaching thousands of residents with emergency messages. While the system was launched in 2004, only 70 towns of Bergen County opted for it. Probably the main concern was money. The system costs a town $5000 per year in fees and an additional 3.5 cents per phone call. However the benefits of the system became obvious, when the United Water Treatment plant relayed messages on avoiding tap water, and many did not get the message till late in the next day, when they read the newspaper. The reverse 911 system in some towns relayed the message too and has proved useful. This system is reported to have cost $100,000 to operate over a period of five years. After recent developments of the water crisis, many boroughs are now planning to invest in the system so that emergency messages reach residents faster.


Englewood Property tax revaluation leaves many unhappy

The property tax revaluation of Englewood was an eye opener and brought unexpected changes into the tax bill. This revaluation, which was conducted now after 1993 caused the taxes of modest homes to rise by a minimum of 25%. On the other hand, many luxurious houses were seen to get a tax cut. Given the figures, residential tax bills are slated to go up by 7.4%. However, figures may change once the state finalizes its budget. Among the luxury houses located mainly on Lincoln Street at East Hill, out of the 23 homes, only four will face tax increases. Most of the other homes would see tax cuts up to 25%. Thus while the assessed value of homes would go up in luxury housing, the tax cuts on them would reduce. As per the Bergen County Board of Taxation, these tax cuts have mainly come up because of increase in demand for low cost housing. As Englewood has more of low-end housing that other towns in Bergen County, the impact on their taxes has been larger. Many residents, from both lower middle class and upper classes have shown their resentment towards the new tax revaluation.


Bergen County residents help the disabled

Bergen County offers plenty of support to disabled residents in the region and one such organization making pioneering efforts in the area is the New Concepts Disabled Children’s foundation. This organization organizes various fund raising activities to provide care and services to disabled people in Bergen County. Its latest activities included the Skymark Golf Classic, an annual golf outing that was held in New Jersey. The event raised $59,000 which would be used to provide support services for disabled people and their families. Besides organizing events and raising money for the disabled, the organization also provides education and information on the care of disabled persons and how everyone can make a difference. At the golf event, John Gardner, the chairman of the organization, added that he too had a disabled child and understood the special needs of such people. The organization accepts donations and the money is used for critically needy patients first and then for the care of other disabled persons in Bergen County.


Housing market affects Bergen County markets

The housing market has had its effect on many other markets, and car sales have reportedly been reducing in Bergen County and the neighborhood. Many car salespersons and home owners in Bergen County report that while they would like to go in for a new car, houses have lost value (sometimes up to 25%), making it difficult for many to invest. Car dealers report that traditionally summers are a good time for buying cars, when people prefer to pick up outgoing model-year cars, as the new models are introduced. However, this year, many customers are waiting for the housing market to improve before they look at such luxury purchases. Thus major car dealers in the region like Chrysler, GM, Toyota and Ford are all feeling the pinch as the number of customers is dwindling in these months. Sales at these firms are reported to be down by 8%, 22.3%, 3.5% and 19% respectively. Though new incentives, finance deals and rebates have been made even more attractive this year, are also not helping the market much report Edmunds.com, an industry tracking service. Finally the market for trucks and SUVs has also suffered the brunt of housing.


Bergen County townhouse complex causes environmental concern

A 360-unit townhouse complex, planned on the Federal Hill in Bloomingdale, Bergen County is facing severe resistance from environmental and governmental bodies. The main area of concern is the drainage system of the planned complex, which environmental experts feel could affect the drinking water facilities. The hill is situated on the eastern side of the Highland’s region of the state, which provides drinking water to the many state residents. Many argue that the state needs to put in place stricter drainage laws so that the development does not cause flooding in beneath the mountain tract. However D R Horton, the developers of the project state that the reports of their storm water management analysis show that project will not have any significant impact on storm water discharge. This housing development is part of a builder’s remedy lawsuit by the developers in 2005. It came up when the borough was unable to meet the state’s Supreme Court mandate for meeting affordable housing demands. If the townhouse complex sees the light of the day, 72 units of the 360 would be used for affordable housing.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

Bergen County Real Estate News : April 2007 – week 2

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Englewood’s luxury homes do not face much tax hikes
Bergen County and Japanese
Teaneck welcomes Easter
Bergen County’s Family Resource Fair
Teaneck, Bogotá see tax increases


Demarest day to begin

Owners of Englewood real estate valued below a certain amount may face large tax hikes as compared to their wealthier counterparts, says the new budget, which was proposed by the borough. After the first property revaluation in this decade, the houses, which were estimated at $120,000, were seen to triple in value. These homeowners will now have to pay approximately $1000 more in taxes. Many residents have even experienced tax hikes of $2000 and with fixed incomes, they are not happy.

After the last citywide assessment of homes in 1994, changes have taken place this year and not all are pleased. However the ones who can sleep more comfortably are the people who own the luxury Englewood homes. The expensive homes have seen lesser tax hikes and at many instances the taxes have even lowered as compared to last year. It can be seen that a house that has increased by 141% in assessed value will experience huge tax hikes while homes or commercial complexes that have not increased much in assessed values will have smaller tax hikes or can even enjoy a tax cut.

The revaluation for Englewood was conducted by Realty Appraisal, first in 2005 and then in 2006. As per the Borough council, revaluations will soon be conducted for the towns of Teaneck, Fairlawn, and Hackensack in 2007 while the towns of Bogotá, Englewood Cliffs, Leonia and Mahwah will have revaluations in 2008.


Information on houses in Teaneck

Bergen County and the neighborhood are losing the Japanese population that once thrived in. Estimated to be at approximately 100,000 at one time, the figures came crashing down as many left after the stock markets collapsed in Japan.

During the 1980s there were many Japanese families living in Bergen County. These people had come to live here in response to the 25 odd Japanese banks and the various electronic firms like Sharp, Sony, Panasonic, etc. that had opened up in the neighborhood.

To address the needs of the growing Japanese community, Japanese schools and local Japanese centers had also opened up. A full time Japanese school in Englewood Cliffs and a supermarket in Edgewater were there just to cater to the needs of this community. Fort Lee had become the residential hub for many of the Japanese, as the area was ideal for their needs. Real estate agents had also come forth to specifically help the Japanese clients get good property deals for office buildings and homes in Bergen County.

The figures however now show a change and the Japanese restaurants; schools and markets are not as full as they once were. Many officers posted in Bergen County were recalled and the character of the community that remained has transformed over the decade. The three weekend Japanese schools in Bergen County where parents would take their children for native language skills consolidated into one. Many of the Japanese residents still live in Fort Lee while a few have shifted to Tenafly, Ridgewood and other areas in the neighborhood.


Fort Lee organizes health fair

Teaneck’s St Mark’s Episcopal Church undergoes a transformation, as Easter comes and Jesus stretches his arms to say, ‘Here I am’. This year too, many residents of Teaneck got together to transform the Church in Teaneck with Easter finery on Saturday, 7th April, 2007.

Over ten residents volunteered their support and transformed the place with white and gold linen. Many colors and kinds of flowers were used to decorate the church and usher in a festive look. Besides flower decorations, the music playing at the church would also be more lively, say the parishioners who come from diverse backgrounds.

The St Mark’s church has a wide congregation that comprises of half black and half white parishioners. There are also a few people from the Caribbean’s and the West Indies. Parents of children visiting the church, say that their children learn a lot from the diversity of people who come here.


Tenafly works to preserve nature

Bergen County takes good care of its residents, which is evident from the various programs that are conducted on a regular basis for their benefit. For example, one such program was the Family Resource Fair that was conducted in the last week of March 2007. This fair was held at Bergen County Technical High School at 285 Pascack Road on the 24th of March.

The six hour long event saw the various agencies in Bergen County interact with residents on issues as diverse as education, housing, physical and mental health, medical insurance, abuse, recreation, social services, employment generation and parenting. The event was conducted quite successfully and many attended from various parts of the county for diverse reasons and interests. Parking facilities were provided for and childcare was also offered to those visiting.


Housing rentals in Dumont for the elderly

In Teaneck, a $87 million spending plan has been proposed. This would mean a tax hike of 2.9%. Homeowners in Teaneck will vote their opinions on the 2007-08 budget on April 17, 2007.

As per the borough budget for 2007, residents and homeowners in Bogotá will see municipal tax hikes of about 10 percent. The new proposal dictates that an average home owner in Bogotá may pay approximately $170 more than last year as taxes for 2007. The tax bill will also include school and county taxes amongst other elements. While total spending in the budget has reduced by a large margin, taxes have increased by approximately $500,000. Officials state that this tax hike has been caused by a rise in costs and reduction in revenues.

The main factors that hiked costs for the borough included pension payments for police and public employees and sewer fees. However Mayor Lonegan has said that the proposal is still in its preliminary stages and the hike should be decreased when a public hearing is held on June 7, 2007 and the borough council finally adopts the changes in the same month.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here

Bergen County Real Estate News : August 2007 – week 4

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Housing Trends in Bergen County
Bergen County’s Population Growth Slows Down
Environmental Testing in Dumont School
Housing rules for Meadowlands
Efforts for preserving Highlands


Housing Trends in Bergen County

The housing market of Bergen County including Tenafly, Demarest, Closter and the neighborhood continued to be in a slump in the second quarter of 2007 also. Experts added that the market was a weak one and would continue to be so for some time to come. Many realtors however added on a positive note, that the trend was stabilizing the ups and downs of the housing market. Among all regions, the shore regions were seen to do better at housing in New Jersey. The home prices in regions of Bergen County, Passaic County and Hudson County rose by 6.3%. In Bergen County, the average sales price of homes was seen at $583,980 which was a decline from $595,108 in 2006. However median prices fell by approximately the same 6.3% in Essex, Morris and Hunterdon counties. Statistics by the National Association of Realtors also revealed that on a whole price in New Jersey fell by 1.5%. Given the state of affairs a large number of homes put for sale continue to stay so in the market and face the problem of reduction in prices. Trends however indicate that first time home buyers are purchasing despite the market conditions. Moreover, trends also indicate that buyers are negotiating to bring down prices and where the prices of homes are right, buyers are investing quickly.


Bergen County’s Population Growth Slows Down

Census figures reveal that the growth of population in Bergen County has been slower than other regions in the neighborhood. Statistics revealed that for the six years up to 2006, population rates grew only by 2% in the County. However in New Jersey, the population was seen to grow by 3.4%. Figures in other regions fluctuate, with some like Passaic, recording population declines while some like Morris County noting a population increase. The census also revealed that the various races of Asians and Hispanics grew slowly but steadily over these six years in the region of Bergen County and the neighborhood. Also, the number of blacks in the region remained steady. Bergen County was recorded to have 125,000 Asians, the second largest number, after Middlesex County. The census also indicated a slowdown in the housing markets of Bergen County, a trend that was likely to affect the nation. However plenty of apartments and condominiums have been proposed and if all goes well, then over 150,000 new housing units may soon come up.


Environmental Testing in Dumont School

Soil testing was undertaken for the second time in Dumont, in order to confirm traces of pollution in the region. However tests this time revealed that pollution was limited to a small construction site near Selzer School, an elementary institution. Thirteen samples of soil were taken around different regions of the school’s premises, of which only 6 were seen to have levels of pollution by Chlordane, three times higher than safety standards. The area where the pollutant was found in dangerous levels was small, measuring just 40 feet by 15 feet which lay on the walkway of the school. The construction of the school completed in the last fall, and it is still unclear whether the contaminated soil came up during the construction or whether the pollutant was brought in by the contractors. This pollutant was used during the 1950s as a popular insecticide, but was banned in 1988 due to its effects to the environment and the human nervous system. More tests of the soil and air have also been ordered by the Department of Environmental Protection and the school board. Results of these examinations are expected to complete before the school opens.


Housing rules for Meadowlands

New developments indicated that the Meadowlands commission will soon bring out its list of housing regulations to promote affordable housing. Amongst the suggested regulations are included the guidelines that the commission will not provide zoning regulations to developers until they have slots for affordable housing in their plans. Also it has been proposed that all housing plans with or without affordable housing offerings will be put to hold till the new regulations are formalized. However the rule also provides that housing plans where 20% of the units are marked for affordable housing, will be allowed to start with constructions. These guidelines are planned to be introduced formally on August 22, 2007. Once formalized, these regulations would direct the constructions in approximately 14 towns that make up the Meadowlands district.


Efforts for preserving Highlands

Preservation of the Bergen County highlands region has become an issue of growing concern among developers, residents and officials alike. As is well known, these regions provide water for residents of Bergen County and any construction here threatens to pollute the drinking water. Till now open space taxes levied from residents have paid for protecting these regions. Figures showcase that approximately $120 million worth of open space funds have been generated in 2007 alone. In Bergen County alone, where 1 cent of tax is charged for open space preservation, it has helped to raise $15 million in 2007. Open space funds worth $4 million were raised in Passaic County, while Morris County raised 35 million with its 4.5 cents of tax. These efforts brought forth through the Highlands Act of 2004, have helped to preserve over 3700 acres of land in the regions. While efforts by locals in protecting the land has been remarkable, many experts feel that new measures must now be taken and new sources be tapped in order to generate more funds for protecting the highlands.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here.

Bergen County Real Estate News : April 2007 – week 1

Bergen county news with an emphasis on aspects affecting real estate, residency and community issues.

Bergen County Home Prices Falling Down
Bergen County Housing Authority Renews Contract
Home sales rise in the Northeast for February
Housing Officials Face Charges of Bribe
Wood-Ridge, Bergen County Proposed the Municipal Budget


Bergen County Home Prices Falling Down

Bergen County has some good news for all those who are planning to buy a house in Bergen County: Home prices have gone down and are slated to fall down further over the coming months. This means that home sales this spring may bring in excellent offers for home buyers as compared to the year 2006.

When the real estate market was on its high roll, prices in Bergen County had gone up at a great pace. Many buyers had jumped into the real estate market and had purchased houses without seeing them, such was the craze. However by the end of 2005, the housing bubble which was expected to suddenly burst, had somehow stabilized.

After that high, homes stayed on in the market, and home sellers had no option but to cut down prices. Even today, the prices of homes are at a negotiably weak spot, the case being more so for luxury homes in Bergen County priced over $1 million. Prices may fall down further anytime and interested buyers can wait and watch the trend. The housing market has finally reached a healthy balance say many real estate experts. What had once become a sellers market, has stabilized into being a market suitable both for home buyers and home sellers in Bergen County.


Bergen County Housing Authority Renews Contract

Bergen County Housing Authority and Borst Landscape and Design, Allendale renewed the contract between for the years of 2007 and 2008. The two organizations have been associated with each other since 2005, and Borst handles the maintenance for few of the age-restricted housing properties of the BCHA.

Under the agreement, the firm takes care of mowing, pruning and cleanups at the properties. The apartment complexes where the organization offers its services include the Teterboro housing, David F Roche apartments in Dumont, Hasbrouck Heights Senior housing, Carucci Apartments at Lyndhurst and Boiling Springs at East Rutherford.


Home sales rise in the Northeast for February

As per recent reports, sales of houses in Northeast part of New Jersey have gone up. Statistics showcase that the sales of existing homes rose in February by large margins, probably the largest in the past three years. As per reports by the National Association of Realtors, in the last month, sales of houses were noted to rise by 3.9 percent, especially in the Northeast.

However large the figures seem, this rise in sales has occurred only because the prices of homes have fallen. Many people who have put their homes in the market for sale have reduced the selling price in a bid to sell quickly. In the month of February, a median home sold at prices 1.3% lesser than February 2006. Experts stated that this trend of a decline in sales prices may lure back buyers into the market.

While giving a positive feedback, real estate analysts also expressed concern on the stability and future of the housing market. This has been the largest increase since March 2004, and figures indicated that sales rose by 14.2 percent in the Northeast, while sales were lesser in other regions being at 3.9 percent in the Midwest and 1.6 percent in the South. House sales did not change much in the Western region. Experts stated that these changes mainly were noted due to reluctance in Western areas to cut down prices.


Housing Officials Face Charges of Bribe

A few housing officials in the counties of Paterson and Passaic were found guilty on charges of bribery. Some of these former and current housing officials were taken into custody by federal agents when a local property manager brought out the case into the open.

The local property manager had secretly cooperated with the federal agents and the proof accumulated exposed fourteen such employees on charges of taking bribes from as low as $50 to as high as $3000. Details also showcased that a few of the accused have taken thousands of dollars in the form of bribes over the years. Among the officials who have been charged with the crime are city building inspectors, employees of the Paterson Housing Authority, employees of the Passaic valley water commission and also inspectors in the Paterson Environmental health department.

Detailed investigation showed that corruption is quite deep rooted within the housing division and that the fact is common knowledge. People offer thousands as bribes to get their way in code violations, and for some officials it has been difficult to refuse the good money. This is especially the case for that segment of workers who work a lot but do not get sufficient wages. Records showcased that in the year 2006, housing inspectors undertook 4,539 inspections, and over 3,000 zoning inspections. With a staff of just six housing inspectors and a zoning inspector and all being overworked no one had the time to audit the reports.

This investigation has brought out into the open one of the ugly aspects of renting and buying homes in New Jersey. Homeowners and purchases of new homes need to be wary of such people and apply through trusted agents only. A news conference would soon be called to discuss about the arrests and preventive action to be taken in the future.


Wood-Ridge, Bergen County Proposed the Municipal Budget

The borough council of Wood-Ridge, Bergen County put forth its municipal budget for 2007. This budget proposes for a spending plan of $11,062 million for the year. These figures for 2007 demonstrate an approximate increase of approximately $45000 as compared to the last year. As per the new budget, the municipal tax levied would be $8.8 million.

For many the new budget may not bring in serious changes, but a house assessed at the borough’s average of $230,000 would face tax hikes worth $200. While much of the rises in the budget are slated to pay two retired police men, and $75,000 has been earmarked for tax appeals, the borough is quite positive that state aid can be taken to offset high amounts.

In this regard, the borough has applied for extraordinary state aid worth $500,000. A similar sum had been allotted to the borough the last year and if the state receives it this year too, it would lessen the burden on residents of Wood-ridge. Borough officials reassured residents that expenses have been kept to the lowest possible figures. A public hearing of the proposal is scheduled to be conducted on May 15th, 2007 at the Borough hall.


Buy a Home in Bergen County

Bergen County offers the quality of life for you and your families have been dreaming of. Don’t miss out on this opportunity to set house in one of Bergen County’s towns, famous for their charming atmosphere and top quality schools. Let Anat Eisenberg help you find the house that is right for you. Take your first step with this FREE inclusive report, containing:

  • 14 Questions to ask a Realtor
  • 5 Powerful Buying Strategies
  • 9 Deadly Mistakes Home sellers Make
  • Additional Reports
  • How To Get Top Dollar In Any Market
  • Making the Move Easy on the Kids
  • Six Ways To Beat The Stress Of Buying A Home
  • Different Reasons to Own Your Own Home
  • Things You Should Know about Moving
  • When Selling a Home

Get Your Free Inclusive Real Estate Report Now.


Find out more about Bergen County homes available for sale. Anat Eisenberg can help you find your dream real estate property. Anat is no ordinary real estate agent. In short, she is professional, honest and dedicated. Call: 201-341-4765 or email here