Q1. Do you have a 3D tour? 

Here is the 3D tour of the 2-family - Our models interior will be very similar to this one; mostly changing the exterior:   

https://my.matterport.com/show/?m=q3hk2KRxePH

https://my.matterport.com/show/?m=Huo7ostU2cx

 

Q2. What is the current available inventory?

https://www.jerseynewhomesource.com/ or call me at 914.505.2941 for the most updated availability. All our homes go into a contract before even before they are ready. Due to limited availability reach out to us to secure one of the properties.  you can also check our youtube channel to check some of the homes in construction videos here:

 

Q2.1 Does the developer builds with quality? 

Yes, the Developer has been servicing this area for 40+ years and he takes pride in the homes it is built which carry his name Manny Rosa Signature Homes. All homes come with 50+ points upgrades already included in the price. see the developer story here: https://www.rosaagencyrealty.com/our-story

 

Q2.2 How is the future of the area?

The area is seeing a big transformation and investment - major highways nearby, an International airport less than 10min away, and train to NYC from Newark Penn Station in less than 20min to 33rd Manhattan. See for yourself all the major development. Will see a big development in this area similar to Willimsbuguer in Brooklyn. See article with all the major development in Newark https://newyorkyimby.com/neighborhoods/newark

 

Q2.3 How is the school system in Newark?

Newark is home to some of the best charter schools in the area and two are placed in the top 100 of the country. see the article for more information: 

 https://patch.com/new-jersey/newarknj/3-newark-schools-among-100-best-high-schools-nj-report

 

Q3. Is there a warranty? 

Yes a 2-10 Years Warranty 

 

Q4. Is there a tax abatement? 

Yes, those new homes are eligible for 5 years of tax abatement from the city. New construction in the city of Newark is eligible to apply for 5 years of tax abatement. Rosa Signature's home is eligible for a 5-year tax abatement program. Then the first year there is no tax on the building, in the second year you pay 20% of the normal tax on the building, the third year 40 % of normal tax, the fourth year 60%, the 5th year 80%. The 6th year tax is at the full property tax. 

 

Q5. What would be the down payment?   

We can direct to a few Banks/Lenders and we have seen clients qualify for FHA with a 3.5% down payment as requires a credit FICO score of at least 620+ (Qualified Buyers)

 

Q6. What is the current rent to expect in the area:

Here is an example of area rent projection for a 3-family home and rents may vary: 

3bedrooms with 2 bath with garage will likely rent anywhere from 2,000 - 2,400

 

Q7. Are there any upgrades? 

Yes - 50+ upgrades available in the homes and included in the price. 

• All-brick front with balconies

• Built-in garage with automatic door opener

• Exterior & Interior security cameras

• Red Oak hardwood flooring throughout

• Energy-efficient windows

• Kitchen premium cabinetries with self-closing doors, granite countertops, ceramic tiles backsplash, and stainless steel appliances

• Cable, phone, and Internet-ready

• And many other features...

 

Q8. Do you have videos showing the property?

Yes, you can visit our Youtube channel and watch videos of some properties. Here's the link to our brand-new 2-family home: https://www.youtube.com/watch?v=7o7LLQDr63Y 

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Q9. Is this a Rent-to-Own home?
This is NOT.

In a Rent-to-Own process, the person will rent the property and at the end of the lease, they can apply to purchase the property for the agreed price. We Do NOT offer Rent-to-Own for these homes, these are for sale only.

 

Q10. What do I need in order to qualify?

If you're like most homebuyers, you'll need a mortgage to finance the purchase of a new house. To qualify, you must have a credit score of at least 620+ and cash for a down payment (usually a 3.5% downpayment). 

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Q11. How much is the brand new two-family with 50+ points upgrades? 

2-Family 635,000k Most buyers qualified for a 3.5% down payment program of 22,225K plus closing cost (approximately 10,000).

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