Real Estate in New Jersey
Real Estate in New Jersey
is a very valuable commodity.
Whether you are referring to North NJ, Central NJ or South
NJ; real estate in New Jersey has a tremendous amount of
value. This is if you are interested
in selling or buying.
This is from a recent article from
The Star Ledger
Just listed: A 4-year degree in real estate
Monmouth
U. calls it
the hot new major
Thursday, June 01, 2006
BY KELLY HEYBOER
Star-Ledger Staff
Julius Kislak learned the real estate business the old-fashioned way: He
sold his father's house in Hoboken
in 1906, then sold a few more and kept selling until he built one of the
largest real estate businesses in the state.
But Kislak, who trained a generation of employees, would have
appreciated the idea of a four-year college major devoted solely to real
estate, his son Jay said.
"He was also a teacher. He was a trainer of men," said the
younger Kislak, chairman of the board of the family's company, J.I. Kislak.
"This is the kind of thing he would have loved."
The Kislak family will mark the 100th anniversary of the company's
founding by donating $2 million to Monmouth University to help start New
Jersey's first undergraduate major in real estate. The gift, due to be
announced today on the West Long Branch
campus, will be the second-largest in the private school's history.
With the property market booming, the university is banking that real
estate will be the next hot college major. The idea is to take what has
been regarded as a trade and make it a legitimate scholarly pursuit.
"The roof over your head, the land under your bed ... it's all
related to real estate. Over half the wealth in the country is real estate.
And, I think, in New Jersey, that's
abundantly clear," said Donald Moliver, director of Monmouth University's
Real Estate Institute. The institute opened in 1992.
Though real estate majors are still rare, the number of colleges and
universities offering degrees in the field has doubled to about 65 over the
last decade. DePaul University in Chicago,
Portland State
University in Oregon
and Florida International
University in Miami have all started undergraduate
majors in recent years.
Monmouth University plans to start its major
in the fall of 2007. Students will take classes on real estate law, eminent
domain, finance, development, construction, affordable housing and other
topics.
Today's teenagers have grown up in the era of McMansions, house
flipping, Donald Trump and round-the-clock home-renovation shows on cable's
HGTV. So school officials hope majoring in real estate will seem like an
exciting career choice.
"It's such a unique major in this area, we believe quite frankly it
is going to be, 'Build it and they will come,'" Moliver said.
The school has been offering graduate courses and continuing-education
courses for real estate professionals for years. Campus officials are
unsure how many budding real estate moguls will be attracted to the new
undergraduate degree program.
Monmouth University, which currently charges
$22,268 a year in tuition, plans to advertise the new major and offer
scholarships to interested students.
In the future, the undergraduate degree may include a course to help
graduates get their real estate licenses. But the major is not designed to
train future Realtors. Graduates probably will end up as developers,
lawyers or executives in corporations in the real estate field, school
officials said.
The idea appealed to the Kislaks, who have been in the real estate business
for four generations. Last year, the family began looking for
a way to mark the 100th anniversary of the year Julius Kislak
started the business in Hoboken.
Englewood
NJ Apartments
Apartments
for rent with rentals
Bergen
County Apartments for Rent
Real Estate in Bergen County for rent
Englewood
NJ apartments for Rent
Looking to rent an apartment in north jersey
Englewood
NJ Apartment Rentals
Spring
Lake Heights Apartment rentals
Bedroom
apartment rentals in spring lake heights
New Jersey is a good place to rent real estate and apartment
rentals. Important to decide on the right location before you
commit to the rental and purchase.
red bank apartments
for rent
When you are looking for a bedroom
red bank apartments for rent it is a good idea to look for
the right type of apartment and this is important in order to
move forward on a rental unit and real estate in the area.
red bank apartment
rentals
Another real estate aspect to renting a rental unit is the creation
of a leasing arangement between the tenant and landlord and
it's important to have a good relationship and on-site managers
help in this regard.
bedroom
red bank apartments for rent
real estate and renting an apartment unit are important to build
up a sense of community and commerce.
red
bank apartment rentals
red
bank nj apartments for rent
bedroom
red bank apartments for rent
As you look through the potential rental home you should consider
many things in your decision and it's important to stay focused
on what's important with the real estate and sale and rental.
apartments
in red bank nj for rent
red bank nj
apartment rentals
The small house-selling business grew fast and eventually included
commercial properties, multifamily units, a mortgage company and other
divisions.
J.I. Kislak Inc., based in Miami
Lakes, Fla., is
the parent company. But it still has Jersey ties: The Kislak Company, the
family-run division specializing in multifamily and retail sales, is based
in Woodbridge.
Two members of the Kislak family and a member of the family's charitable
foundation toured Monmouth
University last fall
and began discussing a donation. The Kislaks considered donating money to Rutgers, the state's largest university, but were
attracted to Monmouth's well-established Real Estate Institute, family
members said.
Monmouth University President Paul Gaffney flew to Florida in March to meet Jay Kislak and
present a business plan for the new major. Gaffney, a retired Navy vice
admiral, and Kislak, a World War II naval aviator, hit it off.
The university was eager to expand its offerings in real estate, partly
because the field intersects with many other areas, including the
university's Urban Coast Institute, the president said.
"We think it's the hot area," Gaffney said. "This is an
area of distinction for us."
Kislak said his father, who died in 1979, was a Ukrainian immigrant who
dropped out of high school and would have loved to see his name on the side
of a university real estate institute. One hundred years ago, the elder
Kislak was walking the streets of Hoboken,
knocking on doors, trying to find houses to sell.
"This is in his memory, in his honor," his son said.
Tip #23
Home Buying Tip, Big Ticket Items:
Before you buy a home you
should avoid buying any big ticket items.
When this is found out during the credit process or reporting it
can make mortgage banks nervous.
Even if you will be able to get a loan, you might not be able to get
the best available interest rate.
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Tip #24
Home Selling Tip, Listing Right:
A common mistake when people list their house (especially in a
buyers’ market) is list the house at a high price that they
don’t anticipate to sell it at.
They figure that if they get it then GREAT but if not they can
always lower the price.
This is not a good practice because what mostly happens is it will
stay on the market for a while and make potential home buyers nervous because
it’s been on the market so long.
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