Monthly Archives: December 2015
5 Ways You Didn’t Know You Could Save for a Downpayment
Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get to the good stuff, you’ve got to cobble together a down payment, a daunting sum if you follow the textbook advice to squirrel away 20% of a home’s cost. (Times have changed though, and many... Read More
Thinking of Selling Your Home? Get Ready to Negotiate!
Now that the market has showed signs of recovery, some sellers may be tempted to try and sell their home on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation. In most cases, the seller is not. The seller must realize their ability... Read More
How Long Does It Take To Save A Down Payment?
In a recent study conducted by Builder.com, researchers determined that nationwide it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage a renter spends on housing... Read More
For Sale by Owner, List Again or Off-the-Market? A Seller’s Dilemma
At the end of December, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again... Read More
3 Hot New Morris County Listings! Check Out the Video Tours Here!
Check out these video tours of our newest hot listings! Click the address for more info! 31 Bonnieview Lane, Montville, NJ (Woodmont Court neighborhood) 5 Beds, 4.1 Baths, 3-Car Garage | Offered at $1,050,000 26 Windmill Drive, Morristown, NJ (Windmill Pond community) 3 Beds, 2.1 Baths, 1-Car Garage | Offered at $449,000 5 Woodmont Drive,... Read More
Avoid These 6 Homeowner Tax Mistakes
Hooray — it’s tax time! OK, few people get quite that excited about filling out government forms, but there’s good reason to appreciate the annual ritual. Tax deductions are a serious perk for homeowners, and they can be a major boon to your family’s finances. But unless you’re a CPA, it can be easy to... Read More
Buying A Home: Do You Know The Difference Between Cost & Price?
As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. The Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae... Read More
What You Really Need To Qualify For A Mortgage
A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. Down Payment The survey revealed that consumers overestimate the down payment funds... Read More
New Jersey Home Values Expected to Rise in the Next 12 Months
New Jersey home values expected to rise by 4.2% in the next 12 months! Have homes and investment properties in other states? Check out the map to see state-by-state forecasts. National award-winners and seasoned Realtors with over many years of experience in Northern & Central New Jersey, Rahul & Smitha and their team have become... Read More
Distressed Property Sales Hit New Low
The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the... Read More