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new jersey estates newsletter: Real Estate Outlook: Encouraging Numbers - 08/25/09 05:51 AM
Encouraging numbers on the real estate front, including new housing construction and sales of existing homes, continue to point toward a sustained recovery in the months ahead. Home builders -- who had been the most depressed segment of the real estate industry for the past two years -- are pulling permits again and starting to put up new houses.
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new jersey estates newsletter: Realtors Credit Union Attuned to Members' Special Circumstances - 08/11/09 09:34 AM
Wouldn't it be nice if there were an institutional lender who truly understood the nature of the real estate business and whose underwriting guidelines were reflective of that understanding?
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new jersey estates newsletter: Real Estate Outlook: Growth Mode, Every region of the country saw increases. - 08/11/09 09:15 AM
Last week's 3.6 percent increase in pending sales marked the fifth consecutive month of positive news from this key leading indicator, the first time there's been a string that long since 2003.
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new jersey estates newsletter: Washington Report: Fannie and Freddie - 08/10/09 09:41 AM
There were big doings at the White House last week over the future of Fannie Mae anThe Obama administration confirmed that it is putting together overhaul plans to restructure Fannie and Freddie, and maybe strip away their money-losing toxic loan portfolios to create a single, new super mortgage source.d Freddie Mac, the ailing giants who still finance roughly six out of ten new home mortgages in the U.S.
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new jersey estates newsletter: Better Than Expected Economic Reports Help Keep Mortgage Rates Low This Week - 08/10/09 09:18 AM
McLean, VA - Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.22 percent with an average 0.6 point for the week ending August 6, 2009, down from last week when it averaged 5.25 percent. Last year at this time, the 30-year FRM averaged 6.52 percent. The 15-year FRM this week averaged 4.63 percent with an average 0.6 point, down from last week when it averaged 4.69 percent. A year ago at this time, the 15-year FRM averaged 6.10 percent.
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new jersey estates newsletter: Cost Segregation can Maximize Income from Your Real Estate Investments - 08/06/09 07:35 AM
Cost segregation, from the definitions that I can find, is the study that identifies and reclassifies personal property assets to shorten the depreciation in time for tax purposes.
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new jersey estates newsletter: Making Homes Even More Affordable - 08/06/09 07:18 AM
Borrowers current on payments with Fannie Mae or Freddie Mac guaranteed loans could be eligible for refinancing into new loans even if they owe as much as 125 percent of the home's current value.
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new jersey estates newsletter: Investing in Bank Owned and Short-Sale Residential Properties - 08/06/09 07:05 AM
The current economic climate has dramatically changed the real estate landscape. Locally, in the Portland/Vancouver metro area in the 12 months ending May 31, 2008, only 2% of the homes sold were Bank Owned or Short Sale properties. In the 12 months ending May 31, 2009, it was 11%. Today, 16% of the properties on the market for sale fall into these categories. In some markets around the country these statistics and trends are even more staggering.
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new jersey estates newsletter: Factors That Do Not Affect the Value of Real Estate - 08/05/09 08:57 AM
When selling a home, there are many factors which affect market value and the eventual sale price of a home, such as location, condition, size, amenities, features, improvements and upgrades, local economic conditions, the current real estate market and mortgage interest rates, among others. Some of these factors are within the control of the owner, and others are beyond the control of the owner.
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new jersey estates newsletter: Real Estate Outlook: Case-Shiller Reports Reversing - 08/04/09 08:44 AM
When the Case-Shiller index reports that home prices have reversed course and are finally rising again, and you know that Case-Shiller has been the gloomiest, scariest-headline-producing monitor of the real estate market for the past three years -- some say: We have truly turned the corner here.
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new jersey estates newsletter: Communication Within a Team - 08/01/09 04:21 PM
A well-functioning team must have strong and constant communication. Communication comes in many forms including written, verbal, and both inter-office and intra-office e-mail. In order for the team to be highly efficient, communication among the members of the team needs to be tracked to keep the team members accountable for their assigned tasks. In the tracking process, both the receiver and the sender create a record of the task.
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new jersey estates newsletter: The Contract Offer: What Price to Start With - 07/11/09 10:16 AM
When a decision is made to make an offer to purchase a home, be sure to go back and take a second look. It is so much easier changing your mind about a home before a contract offer is made than after a contract offer is accepted and signed by the seller. This second appointment would be a perfect time to bring along others who may have an impact on a buying decision, such as parents, friend, contractor, etc.
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new jersey estates newsletter: Investor Report: Energy Efficiency, High Ratings Sell at Premiums - 07/10/09 08:54 PM
For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times.
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new jersey estates newsletter: Determining When Prospects Become Clients - 07/10/09 08:39 PM
How do you determine whether a prospect should become a client? What are the criteria of becoming a client? Have you created a series of questions to help you minimize the time invested, to determine if a prospect will meet your standard?
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new jersey estates newsletter: Washington Report: Home Valuation Code of Conduct - 07/06/09 07:13 AM
Critics of Fannie Mae's and Freddie Mac's controversial new appraisal rules ratcheted up the pressure before the July 4 congressional recess with the introduction of bipartisan legislation that would mandate an 18-month moratorium on the "Home Valuation Code of Conduct."
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new jersey estates newsletter: Real Estate Outlook: When Signals are Mixed - 06/30/09 10:26 AM
The key to understanding what's happening for housing and real estate right now is to remember this: In a recovery that's just getting going, don't expect all the economic arrows to point the same way at any given moment.
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new jersey estates newsletter: Washington Report: Home Valuation Code of Conduct - 06/29/09 01:18 PM
Fannie Mae's and Freddie Mac's controversial new appraisal rules are now coming direct attack by the biggest lobby on Capitol Hill - the National Association of Realtors.
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new jersey estates newsletter: Four Branches of Your Sphere of Influence - 06/25/09 06:48 AM
You'll get business from your Direct SOI, but it probably won't be your primary source of closings, assuming your Direct SOI thinks a lot of you, and they know how to find you.
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new jersey estates newsletter: More Biz in a Tough Market: How to Get More Exposure Right Away - 06/24/09 06:37 AM
Want a real easy way to get more exposure for your business without spending a whole lot of cash? Try publishing an online newsletter to prospects and existing clients.
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new jersey estates newsletter: Housing Starts Are Up Again, Large Increase in New Single Family Home Starts - 06/23/09 06:20 AM
May was the THIRD consecutive monthly gain in single family starts. Total starts, including multifamily apartment starts and condos, were up by 17 and a half percent!!
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Geri Smith NJ Estates Real Estate Group
Scotch Plains,
NJ
More about me…
Weichert Realtors
Address: 55 Stirling Road, Watchung, NJ, 07069
Office Phone: (908) 561-5400 x 1150
Cell Phone: (908) 391-3271
Email Me
 Listings
$1,500,000
5 br, 4½ ba, 6,000 sqft
Nestled aloft the Watchung Hills, there is a newly constructed home that ...
$669,900
4 br, 2½ ba, 2,605 sqft
Four beautiful new homes have started on a beautiful tree lined street and wi...
$360,000
4 br, 2 ba
The store and the home are both on the same lot, therefore they could not be ...
$1,350,000
5 br, 5½ ba, 4,782 sqft
Only one home left available to be built at Reagan Woods, a 10 home subdivisi...
$600,000
4 br, 2.1 ba
If you love to host parties or simply enjoy friends and family, this gracious...
$1,900,000
6 br, 5½ ba, 8,000 sqft
Nestled on a 1+ acre lot in Castle Ridge at Warren, a community truly set apa...
$15,000
3 ba, 9,000 sqft
Fantastic retail/commercial opportunity at Heritage Square. Situated in the h...
$3,250
1,950 sqft
Recently built and highly visible commercial space suitable for office or ret...
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