Picky Buyers????? - 12/29/09 10:02 AM
WOW! I don't think I could have hung in there 2 years before this buyer found her "dream" home. I'm pretty patient with my buyers, but this is ridiculous!!!! (from WSJ.com)
A Picky Home Buyer Pursues An Epic Hunt for 'the One' 'Tire Kickers' Drive Brokers Bonkers, but Lidia Pringle Is in a Class of Her Own http://online.wsj.com/article/SB126205338369508429.html
http://online.wsj.com/video/bay-area-extreme-house-tour/E71B8A48-FD8A-47EA-8333-E2F017D60E34.html
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Property Taxes: The Hottest Topic in Home Sales in New Jersey - 12/13/09 01:10 PM
Any resident in NJ knows that property taxes is a real potent issue for real estate right now. Most of my buyers are concerned about what the current taxes are and what they may be in the future. I tell them, if I could predict what taxes may be in the future, I would probably be a very wealthy person... ;-)
From the NY Times:
RESIDENTIAL property taxes: Could there be a more potent issue for real estate right now in New Jersey?
Tom White for The New York Times RATE DISPARITIES In New Jersey, property tax rates vary widely. For … (0 comments)

Interest Rates Are Low, but Banks Balk at Refinancing - 12/13/09 08:58 AM
The fact that banks are making the requirements tougher for refinancing (I can personally vouch for this), it will have a debilitating effect on the mortgage industry:
From the NY Times:
Peter DaSilva for The New York Times Mark Belvedere says his bank has refused to refinance his condo outside San Francisco, citing the property's lost value.
http://www.nytimes.com/2009/12/13/business/economy/13rates.html?hp
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Short Sales, a Long Process - 12/13/09 08:37 AM
Now it may be worthwhile for agents to start showing more short sales especially if the process will speed up:
 
From the NY Times:
http://www.nytimes.com/2009/12/13/realestate/13mort.html?_r=1&ref=realestate
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Foreclosures Can Offer Deals, but Buyer Beware - 12/05/09 08:53 AM
Many current buyers want a "deal", but not everyone is aware of the risks with buying REOs, nor do they have the patience to wait for bank approval of their purchase. Thats where we come in to educate the buyers and hopefully they will follow our guidance:
http://www.nytimes.com/2009/12/05/your-money/mortgages/05money.html?_r=1&8dpc
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Carmela Pereira

Sales Associate

Denville, NJ

More about me…

Coldwell Banker Residential Brokerage

Address: 789 Clifton Ave., Clifton, NJ, 07013

Office Phone: (973) 778-4500

Cell Phone: (973) 580-1991

Email Me

Welcome to my blog. As an agent of Coldwell Banker, I focus on helping buyers and sellers who are interested in buying or selling homes in Denville, Mountain Lakes, Boonton, Rockaway and the surrounding area. I specialize in local townhome communities such as Berkshire Hills Condo and Townhomes in Denville, Spruce Edge Towhomes in Mountain Lakes, Hunting Ridge in Parsippany, and single-family homes in Denville, Mountain Lakes, Boonton and Rockaway. I also assist sellers who need an experienced agent who can help them with a short sale of their home, or investors who are looking to buy investment properties.


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