Home News These First-Time Buyers Snagged Their $441,000 New Jersey Dream Home Thanks to a Tip on an Unlisted Property

These First-Time Buyers Snagged Their $441,000 New Jersey Dream Home Thanks to a Tip on an Unlisted Property

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For Jake Gabbard and Victoria Lacy, the plan has always been to buy a home. However, the COVID-19 pandemic has accelerated their timeline. Having lived in a 400 square foot apartment for years, working from home was complicated. It was a difficult time to buy, but they knew they needed more space to work comfortably and do what they liked. The wishlist for their new home included a dishwasher, laundry, central air, rooms and garden.

Not used to Home buying process, They started with what many people do, the internet. The YouTube video provided you with the basics of real estate in New Jersey, including general information about loans and details on important property taxes in the region.

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Their first hurdle was to actually see the houses that were of interest to them. They used Zillow to contact the eye-catching property and call the number on the sign in the real estate yard, but no one came back to them. “We decided to buy a house at perhaps the worst time to buy one,” says Jake. “It was like the Hunger Games.” Homes in the area received 30 to 40 offers, many of which were well above the asking price and had a significant cash component.

At the recommendation of a friend, the couple were taken to a local realtor and they saw how influential their local insights and connections were. According to Jake, hiring an agent was “the best we did.” “They do this every day. They know all the rules and how the market works,” he says.

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They welcomed the guidance and instructions from the agents who were in charge of the process and began to push the couple above the threshold. Agents also helped them evaluate their budgets and bidding strategies and urged them to find ways to make their offers more attractive.

Initially, Jake and Victoria wanted to spend $ 15,000 to $ 20,000 in advance. But at each show, they learned more about how their money needed to grow further. Looking at housing with an initial $ 400,000 budget, the desired spending of $ 20,000 was a 5% down payment, not taking into account closing fees and other costs. But they didn’t have quick cash reserves to easily raise the ante. Instead, they began to look to the future, taking into account expected salary increases and career tracks. After confirming that the funds felt strong downstream, they eventually increased their budget to up to $ 450,000 and upfront investment to about $ 40,000.

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Still, they had a hard time competing. They saw almost 12 homes and offered to 3 homes without success. But their luck changed when they took the lead at Diamond in the Rough, which isn’t on the market yet. Realtors advised them to look past the grass-covered landscaping and outdated interiors of a 1,400-square-foot home with three bedrooms and one bathroom.

“We had to squint a bit,” says Victoria, but beyond the surface there was a solid home and a wealth of potential. Listed for $ 375,000, they left the house for $ 441,000 (after confirming that there were no problems with radon, termites, or asbestos), paid a down payment of $ 22,050, and a closure fee of $ 13,500.

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“Most of the time I got this house for me was to have a garden,” says Jake. Located on an 8,372-square-foot site, the house had a lot of gardens, but it required a lot of work. Jake took months to get rid of overgrowth and chose to spend $ 800 on tools to do his own work. “I knew it was something I could do myself without ruining anything,” he says. Once cleared, he invested in garden beds and fences, staged the backyard and cultivated everything from lettuce to asparagus, strawberries and potatoes.Not only is it what he loves, but also Jake Consider the garden as an investment It brings great potential benefits. He hopes to eventually grow 75% of his production at his home.

Its love for plants is translated indoors and its style is Organic modern When Boho looks, A blend of saturated pop and home bright neutral, natural light and green. Refinishing the existing dark wood floor to warmer shades was the first priority that helped set the tone.

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Although not an open floor plan, the first level of the house has attractive yet difficult-to-decorate connectivity.They added color through accents Shades of red, blue and yellow Living room furniture and textiles brought the same shades to the dining room through wall paint, artwork and area rugs. Similarly, rustic wood and metal are repeated with elements such as tables and chairs, bar carts, and coffee tables to connect the rooms together.

Like the living room, the dining room is shining brightly with plenty of natural light. There is plenty of room for meals and additional storage space. Radiator covers used throughout the house are a stylish way to add a little usable storage while eliminating the need to clean between these deep grooves. In addition, the corner built-in was the architectural element that first attracted attention when they first visited the house. The beloved items and tchotchkes display fit their self-proclaimed “non-minimalist” style.

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The layout of the connected kitchen is perfect for people like Jake who love cooking. White cabinets and bright flooring and countertops help you feel that the kitchen is part of your home, even when approaching the main floor plan. The solarium extends from the other side of the living room. This versatile space adapts to their needs, whether it’s a training spot, a place to play music, or a winter seed start headquarters.

On the second floor, the pair carried their style through the creative touch of each room. The accent wall in Jake’s office was the first painting project at home. He wanted to create a zoom call background and combine saturated colors and non-reflective paint with open shelves. Window treatments reduce glare while allowing natural light to enter the room.

Victoria went to brighten up in her work area, which doubles as a yoga space and guest room.It was a stressful job and she was all about Create a calming environment.. “I really wanted it to be colorful and bring me joy when I entered,” she says. She drew a hilarious stripe in the corner. This is a fun detail that can be easily updated later. The pink curtains are inspired by the stripes and give the room a soft glow to the rich natural light. Currently, rooms are equipped with air mattresses that double as guest rooms, but Jake and Victoria want to upgrade to a wall bed that is more comfortable and can be stowed when not in use.

Better Homes & Gardens

Accented wall wallpaper incorporating each of the favorite colors of green and clay shades influenced the cozy master bedroom. The rest of the previously gray wall was coated in dark green, so the space was immediately relaxing. The yellow and rusty colors of the rugs, cushions and accent pillows bring the color and warmth of the wallpaper to the room. “When we first moved, we got really smart advice from her mother. This room should be very comfortable as you end up all day long,” says Victoria. After making their first home home, it proved to be a welcome retreat.

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