Ernest Riley's Blog Posts

What Is a Non-arm’s Length Transaction?

An arm’s length transaction in real estate takes place between an unrelated seller and buyer who each act willingly, independently, and in their own best interests. The property is most

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Navigating the 2024 Housing Market

In the new year, homebuyers and sellers are still facing the same challenges as they did in 2023—high interest rates, sky-high home prices, and an inadequate supply of homes. As affordability

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Mortgage rates dip below 7 percent for first time in 4 months. Here's what to do next...

The article below states that “for a $400,000 home to $2,118. That’s $183 less per month compared to earlier this fall when rates surged to 7.79%, says Jessica Lautz, deputy chief

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Predicting a Downturn in a Market

Let's define a market as a geographical area, along with one’s desired home features, in which one is looking to purchase a home. A downturn in a market can be defined as a period of

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Late Payments and Credit Scores

Late Payments and Credit ScoresConsumers who make late credit payments have no idea how badly their credit scores can be affected or how long it takes to repair the damage.  According to 

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How to Lower Your Home Owners Insurance

https://t.co/JfKgADHb98— Ernest Riley (@ernestrileyre) July 22,

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Property of the Week: 392 Ridge St., Newark, NJ

My property of the week recommendation is 323 Ridge St located in the Forest Hills neighborhood of Newark. It's nearby Branch Brook Park. About the right amount of distance from Bloomfield Ave.

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