Hospital urged to consider medical mall at Pascack

I came across an article on Beckers Hospital Review that pertained to a hospital and medical center in our area.

The Valley Hospital in Ridgewood, N.J., and Englewood (N.J.) Hospital and Medical Center are encouraging Hackensack (N.J.) University Medical Center to convert former Pascack Valley Hospital in Westwood, N.J., into a medical mall instead of the planned 128-bed hospital, according to a Record report.

A medial mall typically offers a variety of outpatient services such as:

  • Radiology
  • Hospice
  • Physical therapy
  • Dialysis
  • Same-day surgery

There are currently approximately 50 medical malls, many in closed hospital sites, across the country.

The Valley Hospital and Englewood Hospital and Medical Center have argued that
the region already has too many hospital beds but that a medical mall would
provide services that the area needs. They said they would partner with HUMC to
provide these outpatient services. However, HUMC has strong support from the
community for reopening the hospital. According to the report, more than 26,000
people have signed petitions, spoken or written letters in support.

HUMC said it is considering developing medical mall services including:

  • Cancer services
  • Diagnostic imaging
  • Dialysis
  • Sleep lab

LHP Hospital Group, Hackensack’s partner in the Pascack Valley Hospital plan, is
currently leading a similar project for Seton Medical Center Harker Heights
(Texas) that includes a new 83-bed hospital with an adjacent medical pavilion.

What are your thoughts? Would you prefer to see more hospital beds or a medical
mall?

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

Read the Record report on Valley Hospital and Englewood Hospital and Medical Center’s
push for Hackensack University Medical Center to convert Pascack Valley Hospital into a medical mall.

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7th Annual BTCNJ Ride for Fun & Health on Sunday

If you are looking for something to do this weekend, check out the BTCNJ Ride for Fun & Health on Sunday.

7th Annual BERGEN COUNTY BICYCLE TOUR  “RIDE FOR FUN & HEALTH”  - Sunday, June 5, 2011

Sponsored by Bicycle Touring Club of North Jersey (BTCNJ)

Also sponsored by
Bergen Community College
Bergen County Executive Kathy Donovan
New Jersey Bicycle Coalition

What & When: Various routes for all skill levels
Sunday, June 5, 2011
45-Mile at 8:00 AM  
25-Mile at 8:30 AM  
12-Mile at 9:00 AM  
5-Mile Family ride at 10:30 AM

Please arrive 30 minutes before ride start to park, pick up registration material and be ready to ride

Who: Riders of all ages.

Where: All routes will begin at Lot B of Bergen Community College at 400 Paramus Rd. Parking is available in Lot B.

Cost: $10 for pre-registered per riders, $15 for onsite registration

Free Giveaways: include a CHANCE TO WIN BICYCLE related items donated by bicycle stores.  Tour also includes water, snacks and hot dog lunch (food served until 1:00 PM.) Rest stops for 25 & 45 mile routes.

PLEASE NOTE: All riders will be required to wear safety helmets.  A limited number of helmets will be available for purchase at site.

For those of you going, have fun and be safe!

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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How to Make an Offer that Will Be Accepted

You have finally found the house of your dreams. It is priced right and is receiving a lot of attention from other buyers. You don’t want to miss this opportunity so you are ready to put in an offer with the real estate agent immediately. What can you do to guarantee your offer is the one accepted? Financially, offers can be broken down into three categories:

1.) An All-Cash Offer

Obviously, a cash purchaser is always favored by any seller. In today’s real estate market, an all-cash offer is even more enticing. Last month, one in four real estate transactions were impacted by a low appraisal. An all-cash buyer eliminates the need for the bank appraisal.

2.) A Non-Contingency Offer

If you don’t have the cash reserves for an all-cash purchase, the next best thing would be to make a non-contingency offer. To do this you should be already pre-approved for a mortgage and have your current house already in contract. This gives the seller the confidence that you are already a qualified buyer who will be able to complete the purchase.

3.) A Contingency Offer

Some buyers start the process of looking for a new home before their current home is sold. This could be a big mistake. If you find the home you were hoping for (perfect for your family AND priced right), it will be very difficult to get your offer accepted because you are not actually qualified to buy.

Asking a seller to wait for your home to sell is somewhat unreasonable in today’s environment. One of the reasons you would want the home is because the seller priced the home at a value to sell it NOW. They want to know it is sold when they accept an offer. They normally will not even entertain a contingency offer.

Bottom Line

Unless you have the ability to purchase with cash, the best thing to do is to be pre-approved for a mortgage and have your current house already in contract before looking for the home of your dreams. That guarantees you will get the home you love at a price that makes sense.

 

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Teaneck’s Community Garden Gets a Makeover

Teaneck is tending its garden, and some say it’s about time, reports NorthJersey.com.

The township’s decades-old community vegetable garden is getting a face-lift. With its mismatched fencing, chicken wire and over grown weeds, many say it’s about time.

The community garden — 93 plots available free of charge to residents — is at the eastern end of Lindbergh Boulevard, opposite the Garden Club of Teaneck greenhouse.

A committee of plot holders helped develop the renovation plan and is monitoring gardeners’ compliance with the rules.

Some of the rules include the following:

  • no weed overgrowth
  • no horizontal trellises
  • no plants exceeding 6 feet in height.

The vision of the garden is to create a true community garden such as those you would see on the outskirts of many European cities.

Hoping with the makeover, the rules will finally be enforced and we will create a beautiful garden as opposed to an eyesore.

The township will unveil the first dozen newly renovated plots on June 16, at 6:30 p.m. A master gardener will be on hand to give advice to plot holders.

 

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Do you know the difference between being pre-qualifed and pre-approved?

Do you know the difference between pre-qualification and pre-approval?

I wanted to share this great information from my website on my blog to help anyone who has the wrong idea about being pre-qualified and pre-approved for a mortgage.

Don’t Go Shopping for a New Home Before You Know Exactly How Much You Can Spend! 

Pre-Qualification vs. Pre-Approval

Pre-qualification is not a mortgage approval but simply an estimate of what you can afford. The lender asks basic information regarding your income, monthly debts, credit history and assets, and then uses this information to calculate an estimated mortgage amount. Based on what you say, the lender has not committed to your loan, therefore you have not received guaranteed funds.

Pre-approval is a bona-fide loan decision based on the applicant’s credit report, verification of income, asset and debt information provided by the customer and information provided during the application. When a mortgage lender issues a pre-approval it means that they will fund the loan pending a satisfactory appraisal of property, a title report, and purchase contract.

When you get pre-approved for a mortgage, you are a stronger buyer with a greater chance of having your offer accepted. For example, if the seller receives multiple offers and the other applicants are not pre-approved, your application may look better to them as they do not have to wait for the other buyers to go through the approval process.

You might have an idea of the loan payment and mortgage you can afford. But will the bank feel otherwise? It’s always best to pre-qualify for a mortgage so you know exactly how much a financial institution would be willing to lend you. 

In the pre-qualification process, you will find out: 

Exactly how much home or land you can afford

– How much cash you will need for the down payment. 

– The minimum down payment, and advantages of higher down payments. 

Compare 15 year vs. 30 Year mortgage rates and payment

What the bank feels you can afford for a monthly payment

Are there advantages with an Adjustable Rate Mortgage?

 I hope this helps! Call me and we can help you pre-qualify!

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Clinton Inn Hotel is Finally Fully Renovated!

Four years and $6 million later, Clinton Inn Hotel announced its completion this week. The renovation program took four years so this is a very exciting time for all of Tenafly! The most recent, and final, phase cost $1.6 million and focused on updating all the guest rooms.

 Businesswire quoted Concord president and CEO saying, “This unique, suburban, boutique hotel, located in the heart of downtown Tenafly, boasts all the same great services as any major three- to four-star hotel and one of the most extensive wine lists in northern New Jersey”

It was also state that the Clinton Inn has been the downtown area’s principal hotel for more than sex decades.

 Located at 145 Dean Drive, in downtown Tenafly, N.J., near Bergen Performing Arts Center and Englewood Hospital & Medical Center, the Clinton Inn Hotel is in the heart of Bergen County’s business district and six miles from the George Washington Bridge and New York City.

The property has the following wonderful features:

  • On-site fitness center
  • Complimentary high-speed internet access
  • 12,000 square feet of meeting space
  • Capability of hosting groups up to 600 people

Guest rooms feature the following:

  • 32” flat-screen televisions
  • Refrigerators
  • Spacious work desks
  • Hair dryers
  • Irons
  • Ironing Boards

The hotel also features a completely new full-service restaurant, Palmer’s Crossing, that offers an diverse menu and more than 250 wines.

This is definitely a great place to host weddings, reunions, or any large social gathering when it’s business or pleasure.

It’s nice to have a new restaurant to try too!

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Looking for reasons to sell your home now? Here they are!

I was reading the KCM Blog when I saw a blog they posted this week on reasons you should consider selling your home now.

I feel like a lot of homeowners are up in the air whether this is the right time for them to sell or if they should wait until the economy balances out a little bit.

Well, if you are one of those people, here are 5 reasons for you to put a “for sale” sign in your yard.

1.) This is when your house will get the most exposure 

The spring, and particularly the month of May, is when most buyers enter the real estate market. This surge of buyers dramatically increases the exposure for your house. The best chance of getting quality offers (perhaps even multiple offers) is RIGHT NOW!

2.) Foreclosures and short sales will increase in about 90 days

The good news is that the number of people paying their mortgage on time is increasing. This will lead to less distressed property sales later this year and throughout 2012. The not-so-good news is that there is still a large inventory of existing foreclosures and short sales that will still be coming to market.

As an example, LPS reported in their latest Mortgage Monitor that:

  • There are still twice as many loans going 90+ days delinquent as are starting foreclosure
  • There are almost three times the number of foreclosure starts as there are foreclosure sales
  • Distressed property inventory levels are almost 45 times the rate of monthly foreclosure sales 

This means that there is a backlog of properties which will start coming to the market in about 90 days as banks clear up their paperwork challenges. These properties sell at dramatic discounts. They will be your competition. Both Fannie Mae and Freddie Mac have recently discussed the magnitude of this challenge.

3.) Interest rates have risen over the last six months

Interest rates have stabilized recently. However, in the last six months, interest rates have climbed over 1/2%. Every time the rates increase 1/4%, approximately 250,000 buyers are eliminated from qualifying for a mortgage. In an environment of volatile rates, waiting could mean that there will be fewer buyers eligible to purchase your house. It also could mean that you will pay a higher rate on the next home you buy.

4.) Qualifying for a mortgage is about to get even more difficult

Besides increasing rates, there are other factors that will hinder a buyer’s ability to qualify for a mortgage as we move forward. Lending standards have been getting tighter over the last year. And as the government debates the new proposed guidelines (QRM), banks are gearing up for even more stringent standards.

Morgan Stanley recently stated:

“Recent developments in issues such as GSE reform, Dodd-Frank securitization rules, and foreclosure settlement issues suggest a tighter and more expensive environment for mortgage credit.” 

This may impact any potential purchaser for your property and may also impact your next purchase.

5.) It’s time to get on with your life 

Probably the most important reason to sell is so you can get on with your life. You placed your home on the market for a reason. Do not allow a less-than-stellar housing market prevent you from reaching your goals as an individual or as a family. Think about the reasons you decided to move in the first place. Are these reasons still important to you? If you have to take less than you were originally hoping to get for your house, your family has a question to ask each other: Is the dollar difference in sales price worth putting off our plans? Only you and your family know the answer to that question.

Did that give you enough to want to sell now? I believe the reasons above prove that selling now makes more sense than waiting. Contact me today and I will be more than happy to help you full understand your best option!

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Are You a Social Media Guru? How About Your GRANDMA?!

Senior citizens are using social media at increasing rates, reports www.nj.com. Grandmothers are becoming especially popular on Facebook because they can see photos and status’ about what’s going on in the lives of their grandchildren.

According to a 2010 study by the Pew Research Center, social networking use among Internet users ages 50 and older has gone from 22 percent to 42 percent between 2009 and 2010. For Internet users older than 74, it has gone from 4 percent to 16 percent!  

Has your grandma sent you a request yet?!

Women over 55 are the fastest-growing demographic on Facebook, according to InsideFacebook.com, a website that tracks and analyzes user data.

Nothing said the older people are going to be super saavy on social media sites but, once there is an interest, they can usually navigate around enough to connect with people.

I don’t think you will see photos or 5 status updates each day from your grandparents but they will be responsive to what other people are posting to beware!

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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How many homes do YOU think sold yesterday?

One of the biggest misconceptions in today’s housing market is that homes are not selling. That is simply not true. Last month’s Existing Sales Report from the National Association of Realtors (NAR) showed that homes were selling at an “annual rate of 5.10 million”. That’s an average of 13,973 every day – 365 days a year!

And the monthly Pending Sales Report, which measures the number of houses going into contract each month, has showed increases in six of the last nine months prompting Lawrence Yun, NAR’s chief economist to say:

“Since reaching a cyclical bottom last June, pending home sales have posted an overall gain of 24 percent and demonstrate the market is recovering on its own. The index means modest near-term gains in existing-home sales are likely.”

We realize that 40% of the sales are distressed properties and that 22% of buyers are investors. Yet, that still doesn’t negate the fact that homes are in fact selling… and 60% of them are NOT foreclosures or short sales.

And Yun believes this uptick will continue:

“Based on the current uptrend with very favorable affordability conditions, rising apartment rents and ongoing job creation, existing-home sales should rise around 5 to 10 percent this year.”

Bottom Line

Homes are selling. You probably will need to offer a compelling price if you put your house on the market. But if you do, it will sell.

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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Increase Curb Appeal!

Has your home been on the market for a while now?  Are you starting to feel some despair?  Well have no fear!  Here are a few great tips to increase your home’s curb appeal, provided by MSN Real Estate :

  • Start the power washer. 
    Winter is finally over and your home has probably taken quite the beating from it.  Rent or borrow a power washer and give the exterior of your home a good cleaning. 
  • Clean out flower beds. 
    Although you may not have flowers coming up in your beds yet, still make sure that they are presentable.  Trim dormant ornamental grasses and hostas to the ground, and clean out any leaves and sticks that piled up in the winter.
  • Trim branches. 
    If you haven’t already done so, go out on the street and make sure that no shrubs or low hanging tree branches block the view of your house.  You want potential buyers to get a clear look at the house as they drive by or approach it.
  • Prune flowering shrubs. 
    Flowering shrubs should be pruned after they’ve flowered.  It’s important to shape these shrubs for the best visual effect, but hold off until their flowers have faded; this will keep the plant healthy and give you – or hopefully the next homeowner – more buds next year.
  • Plant in containers. 
    It may still be too cold in your part of the county to put annuals in the bed, but you can add life and color to your yard with container gardening.  Buy some colorful pots and fill them with vibrant flowers.  Place them on the front porch, going down your front steps or even in your flower beds.
  • Look at your gutters. 
    Take a look upstairs.  If you have leaves and sticks hanging out of your gutters from winter storms, drag out the ladder and clean them out.  Dirty gutters are an eyesore to potential buyers.
  • Add mulch. 
    Mulch always looks a bit sad after winter; it gets spread around and blown about.  Adding a thick new layer of mulch can work wonders for your home’s curb appeal.

Tami Rapaport

Coldwell Banker Residential

130 Dean Drive

Tenafly, NJ. 07670

Direct:  201-227-2045

Cell:     201–665-5558

Tami@TamiRapaport.com

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