GERRY SEYLAZ EXPLAINS THE REAL FACTS ABOUT THE CURRENT

REAL ESTATE MARKET.

Unfortunately, the media has painted a doomsday picture and many buyers and sellers have been hearing only their message.  Let's examine the facts.

•·        The interest rates are unbelievable low. 

•·        With good credit and low down payment a buyer can purchase a home for less money than ever before.

•·        First time buyers who are paying high taxes now have a "write off'.

•·        Sellers are more willing to give concessions, and may take lower than asking price.  Most sellers are still 

          making money on their investment and, they are going to pay less for their next home.

Buyers and sellers must come together to fulfill the American Dream.  First time buyers will be able to get their dream home, and Sellers will be able to move up to their next home.

 Good News for Properties Along the Rail lines

In the past, the real estate move in New Jersey has been to the west, with larger properties and lower prices.  A benefit of moving further from the Metropolitan area.  However, the trend now seems to be moving along the rail lines, with easy access to New York.  Buyers are searching for smaller properties which require less upkeep.  This is great news for properties along the NJ Transit Lines, towns including Long Hill, Basking Ridge, Berkeley Heights, New Providence and Summit.  These properties, according to recent surveys, should enjoy a greater appreciation as time passes.  Is a home in one of these towns in your future?

REMINDER:  As a Seniors Real Estate Specialist, I am qualified to address the real estate issues which face our Senior community and offer advice and assistance when requested.

Call me for a free market analysis of your present home or to inform you of the homes presently on the market.  I can provide you with a free consultation with a mortgage representative.  All without obligation or pressure and, as always, with absolute consideration for your privacy.