2010 Apr 23rd

The Hoboken Open House Google Map for Sat. 4/24 and Sun. 4/25

Every Open House in Hoboken this weekend as compiled from the Midweek and Hoboken Reporter, the MLS, every Realtor website and email and Craigslist courtesy of the Turoff Realty Team.

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When you look at the map, place markers are color coded:

New listings are marked with a “New Listing” icon.

Click on the location marker for:

Want to know which open houses are on Saturday and which only Sunday? Click on “tools” at the top of the list and enter the word “sat” or “sun” (without the quotes) into the search box.

Did you know that the agent hosting an open house is the Seller’s agent?Whether it is the actual listing agent or any other agent from the same company, that person legally represents the sellers.  Not only that, the hosting agent – by law – has a fiduciary duty to the seller to get that seller the highest possible price for that property.  Do you think it might be a conflict of interest for that same person to then represent you?  Many people think so.  In fact, in many states (other than NJ) it is illegal for the same agent to represent the seller and also work with the buyer.

Did you know that when you go to an open house you can see the property at the open house on your own and, if you like it, go back to it with your own agent?You can!  So if you see something you like at an open house you might want to consider finding your own agent who does not work for the seller.Just because you walk into an open house does not mean that the hosting (seller’s) agent gets to “claim” you as his or her customer – even if you “sign in”.  You are the consumer.  You are spending your hard earned money on what is probably the biggest investment you will make in your life.  Don’t you think you should be able to work with whom you choose?

Questions? Text us at 201 993 9500.

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  1. Lily

    I just wanted to inform you that there is an inaccurate information posted. I sent my friends to 1100 Adams Street, apt #203. But there was no open house there. I appreciate the convenience that your site provided. But please make sure the information posted is accurate. Thanks!

  2. Howard Turoff

    I personally compile the information shown on the Hoboken Open House Google Map from the various data sources (as described in the first paragraph of this and every open house map post.) If the advertised information is inaccurate, or if the hosting agency (or owner) cancels their scheduled open house, it is beyond our control. The open house you referred to was advertised by the listing agency (Patina Realty) in both the Midweek Reporter and the Hoboken Reporter, and was shown on the MLS as well. The HobokenRealEstateNews.com map accurately told you the scheduled date and times. If you have a complaint about the cancellation, you’ll need to take it up with Patina.

  3. Mo

    Hi,

    What do you think will happen to housing prices and interest rates after the April 30th tax credit deadline? Also, do you think this will be extended?

  4. lori

    If I could answer that question with certainty I would have been long retired. My guess is that the tax credit will not be extended; interest rates will rise (they can’t get much lower and they’ve already started climbing); the economy will continue to recover; and housing prices, at least in Hoboken, will hold steady for a good 5+ years before any real appreciation is returns.

  5. Craig

    I agree with Lori’s prediction, except I’m a bit more optimistic. I think you will see flat prices in Hoboken until 2012 and then start to see modest appreciation of 1-3% annually. I say this because rents are already starting to creep back up in Manhattan, which means they will eventually do so in Hoboken as well. This is a reflection of increased demand for housing. Thus modest selling price increases won’t be too far behind.

    The tax credit won’t be extended because economic stimulus is no longer necessary for housing with prices so historically low now. I think the credit’s impact was minimized in affluent areas like this anyway because many incomes/property prices here are over the limit to be eligible for it anyway. Interest rates are expected to be at around 6% by year end – not a huge leap that will affect the market much.

  6. FN

    I was at my columbia business school reunion over the weekend and Prof Chris Mayer spoke on the housing market. His thesis is for every 1% increase/decrease in interest rate the housing price needs to go down/up by 15% (my calc come to 10%) to keep the payment stream the same. Hence he thinks Home prices are very senstive to Rates.

    He also thinks that New York is cheap based on Payment. When I asked him what he thougth if I wanted to buy a apartment with 100% cash he did not give a straigth answer but in a round about way said it was too risk to buy with Cash.

    So my own take away was is that as a payment stream buying is really attractive but the absolute value of housing is still very high. So if you plan to live in the place for 15-30 years great time to buy as you make the most use of the payment stream but if you plan to live for 1-10 years may be not (if interest rate rise).

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