New Jersey Education Budget Slashed

Many New Jersey school districts are looking at deep budget cuts anywhere from 40 to 100 percent. Governor Chris Christie’s proposed state budget has reduced aid to all of the nearly 600 school districts within New Jersey. Some districts were affected significantly more than others. Check out the list of towns that fared the best and those that took the biggest hit:

Hudson County
Least Affected:
• West New York Town reduced by 4.1%
• Union City reduced by 4.7%
• Jersey City reduced by 4.9%
• East Newark Boro reduced by 6.9%
• Harrison Town reduced by 7.2%

Taking the Biggest Hit:
• Secaucus Town cut 100%
• Weehawnen TWP cut 26.9%
• Guttenberg Town cut 14.1%
• Hoboken City cut 14.0%
• Kearny Town cut 12.9%

Essex County

Least Affected:
• City of Orange TWP reduced by 5.1%
• East Orange reduced by 5.1%
• Newark City reduced by 5.4%
• Irvington TWP reduced by 5.8%
• Essex Co Voc-Tech reduced by 9.5%

Taking the Biggest Hit:

• Caldwell-West Caldwell cut 100%
• Essex Fells Boro cut 100%
• Glen Ridge Boro cut 100%
• Livingston TWP cut 100%
• Milburn TWP cut 100%
• North Caldwell Boro cut 100%
  

Union County

Least Affected:
• Elizabeth City reduced by 4.2%
• Plainfield City reduced by 4.6%
• Winfield TWP reduced by 9.4%
• Hillside TWP reduced by 10.8%
• Roselle Boro reduced by 10.4%

Taking the Biggest Hit

• Berkeley Heights TWP cut 100%
• Clark TWP cut 100%
• New Providence Boro cut 100%
• Springfield TWP cut 100%
• Summit City cut 100%

Morris County

Least Affected:
• Dover Town reduced by 8.6%
• Wharton Boro reduced by 9.0%
• Jefferson TWP reduced by 15.9%
• Mine Hill TWP reduced by 16.5%
• Netcong Boro reduced by 18.0%

Taking the Biggest Hit:

• Hanover Park Regional cut 100%
• Harding TWP cut 100%
• Madison Boro cut 100%
• Mendham Boro cut 100%
• Mountain Lakes Boro cut 100%

The recent New Jersey budget cuts has generated a tremendous amount of media coverage, interest, comments as well as concern… Education funding is something that affects everyone in the community and can be a deciding factor in where people choose to live. What is your opinion? We’d like to know. Please share your thoughts and comments below.

Send me an email or call me immediately at 201-988-1393 for a personal and confidential conversation. Whether your considering buying or selling, we can help.

To see the full school list by county, please visit NJ.com.

Sean Shallis and The Shallis Group #1 of 19,000 Weichert sales associates in the Nation!

Hudson County FHA Approved Properties

These are the latest FHA approved properties in Hudson County.

Click on any property to view property details and return to this page to see other properties. For a more refined search visit:

• New Jersey FHA Approved Properties
• Hoboken FHA Approved Properties
• Jersey City FHA Approvied Properties

…or call me directly (201 988 1393) for immediate advice on FHA properties that suit your needs and budget.

Let me know if you would like to schedule a showing of any of the following:

Plane and Helicopter Collide Over Hudson River, Killing 9

According to the Associate Press

NEW YORK – A small plane and a tour helicopter carrying five Italian tourists collided and fell into the Hudson River and onto the New Jersey waterfront Saturday. Authorities believed all nine people on board the two aircraft were killed.

The accident, which Mayor Michael Bloomberg called “not survivable”, happened just after noon and was seen by hundreds and maybe even thousands of people out enjoying a crystal clear summer day.

As a resident of the Port Liberte Community in Jersey City, NJ and working in Hoboken both literally a stones throw from the Hudson, it’s not uncommon for us to see helicopters flying low and erratically in and around Lady Liberty!  As I’ve said in many posts, “with our community as Lady Liberty’s neighbor…we are close enough to see up Lady Liberty’s skirt on a rainy day!

Here’s the question… Aren’t there certain parts of the river that are either no fly zones or require specific flight plans or directional traffic?

The Coast Guard made it abundantly clear to me several years ago that we were too close to the Statue of Liberty while sight seeing with friends on our boat.

Our sincerest prayers go out to all the people effected by this tragedy. God speed the rescue crew in their efforts…

Hoboken Condo Market: Market Summary and Forecast

Market Summary and Forecast for the Hudson County, Specifically Hoboken, Condo Market:

The following forecast is based upon evaluating the statistical data and traffic patterns of properties both in our inventory and throughout Hoboken and Hudson County Markets. In addition, we’ve informally surveyed and collected supporting data in our day to day course of business with cooperating agents, vendors, wholesalers and retail customers.

Influencing Factors in the Hoboken Market
In my professional opinion, I feel the Hoboken Condo market is going to continue to trend downward over the next two quarters between 3-5% over all. This number may increase as a result of the FHA policy changes on Oct 1^st 2009, Truth and Lending Policy July 30^th 2009, banks and financial institutions reluctance to accept ‘short sales and or a Deed-in-Lieu’ and the staggering 700,000 foreclosures being held off the market by banks and financial institutions. It should be noted that many of the larger financial institutions have been following the newly revised Truth and Lending Policy guidelines for over six months now. Though we are not exactly sure how the changes mentioned above will effect the market over-all, our informal research and the opinions of market professionals anticipate “growing pains” at best.

The Market’s Future
We realize the real estate market isn’t going to zero…In my professional opinion, we see the Hudson County and Hoboken real estate market stabilizing in Q1 and Q2 of 2010 and begin to show moderate signs of recovery in Q1 of 2011. One determining factor in making this analysis is the following: we estimate more than 40% of the condo buyers in Hoboken work in the financial markets. Contrary to other real estate markets, we typically see a moderate increase in buyer traffic beginning in Q3 and Q4, year after year. In short, these same buyers are basing their acquisitions less on emotions or the needs of a growing family and more on year-end and/or performance bonuses from their jobs. Our estimated recovery time lines are in direct correlation with the predictions of economic and Wall Street experts. As the stock and equities markets recover and trading activity increases so will the young professionals buying power with the renewal of year-end and/or compensation bonuses.

In closing, we truly honor and appreciate your confidence in Weichert Realtors and The Shallis Group. We are committed to continuing to out-perform both the market average and similar competing properties with higher execution prices. Please call Sean TShallis directly at 201-427-1032 for a personal consultation.

WORK WITH ONE OF THE NATIONS LEADING REAL ESTATE PROFESSIONALS: “IMMEDIATE OPENING FOR THE RIGHT INDIVIDUAL”

FULL TIME EXECUTIVE ASSISTANT

THIS IS A PAID POSITION!

Work with one of the nations leading Real Estate Groups, Weichert Realtors and The Shallis Group of Hoboken NJ, is an extremely fast paced, exciting and a FUN place to work!

THIS IS NOT AN ENTRY LEVEL POSITION!

We are looking for a real estate executive assistant who is ENERGETIC, ENTHUSIASTIC, and a FAST LEARNER. You will be working directly with Sean T Shallis of Weichert Realtors and The Shallis Group. This is a rare opportunity to both learn and be mentored by one the nations leading real estate experts.

• You must have previous real estate experience.
• This is NOT a sales position.
  
• Hours are Monday to Friday 8AM-5PM.
  
• You can also expect to occasionally work some overtime hours.
  
• Compensation: TBA 30,000 to $40,000 plus bonuses depending on experience.

RESPONSIBILITIES

• COME TO WORK WITH A POSITIVE, ENERGETIC AND ENTHUSIASTIC ATTITUDE EVERY DAY!
• Manage all the processes of a residential real estate transaction.
• Support Sean T Shallis and the group with various projects as needed.
• Act as the Customer Service liaison for clients and cooperating brokers.
  
• Assemble marketing material.
• Process and manage listing and closing processes both internally and with other service provider.
• Manage the personal and business schedule of Sean T Shallis as needed.
• Perform general office duties such as scanning and emailing.

QUALIFICATIONS

• New Jersey real estate license (preferred but not necessary).
• Minimum 2 years real estate experience.
• Strong knowledge and familiarity with neighborhoods and areas throughout New Jersey.
• High computer proficiency (Internet, All Microsoft Applications, Email, the MLS, Photoshop, Act).
• Extremely organized, always on time, and ability to think ahead.
• Reliable, responsible, and flexible with last-minute changes.
• Good oral and written communication skills.
• Ability to work in a fast-paced environment with multiple demands.
• Able to juggle and prioritize tasks.
• Presentable appearance and professional attire.
• Non-smoker.
• Ability to work independently, exercise judgment, and make decisions without direct oversight or supervision.
• Reliable transportation, valid NJ driver’s license, proof of insurance, and clean driving record.
• A genuine interest in the real estate industry and an eagerness to help our group and company grow long-term! If you are only looking for a temporary position until your desired industry picks up again, please do not apply.
• To be considered, you must live within 30 minutes of Hoboken, NJ. Please do not apply if you live farther than 30 minutes away.

How to Apply for this Position!

• Your ability to follow direction is critical.

• Please send you resume to JOBS@THESHALLISGROUP.COM
• Indicate your desired salary

Please note any other means of communication and your application won’t be considered for this position.