market: NJ Real Estate -- What You Need To Know
- 11/25/08 04:43 AM
First time home buyers make up forty percent of the New Jersey Market. Interest rates are at an all-time low and buyers have a great selection of homes to choose from. First-time buyers are not held back by having to sell a home. It is the perfect time for them to buy. This market presents the perfect time to trade up. Owners in need of larger accommodations may be wary of selling their current home. They need to keep in mind that an appropriately priced house will sell, and the other sellers will be entertaining more realistic offers as well. … (2 comments)
market: Selling a Home with a "Get It Done" Attitude
- 09/16/08 06:23 AM
Looking to sell your home takes a "Get It Done" Attitude. Here are some ways to help attain and sustain a positive outlook and help increase your chances of selling your home in today's market on your terms. Find the Right Agent. Selling a home is different than buying a home and a seller who means business knows this. Look for an experienced agent who specializes in listing and selling, they will often go by "Selling Agent" or "Listing Agent". These agents will be able to market to both other agents and to homebuyers for you, which will increase your odds … (0 comments)
market: August Home Sale Prices
- 09/05/08 05:57 AM
Smart buyers kept home sales strong through the usually quiet month of August, locking in their mortgages at the current low rates. If you’ve been waiting to "time the market", you might want to move quickly to avoid rate increases and to capitalize on a rare gift from the Federal Government: you can now borrow up to $729,750 without tipping into the more expensive “jumbo” category. In January, that maximum is scheduled to fall back to $417,000. This is a great time to buy! We’re on our way back up from a market bottom that had far less impact on our … (0 comments)
market: Beat the Housing Market Trends and Buy or Sell a Home
- 09/03/08 12:02 PM
Plan/Prepare The home-selling process typically starts several months before a property is made available for sale. It's necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out. Ask yourself: If you were buying this home what would you want to see? The goal is to show a home which looks good, maximizes space and attracts as many buyers - and as much demand - as possible. Get a Pre-listing Inspection Having your home inspected by a professional home inspector before you list is a recommendation … (0 comments)
market: Beat the Housing Market Trends and Buy or Sell a Home
- 08/29/08 05:51 AM
Plan/Prepare The home-selling process typically starts several months before a property is made available for sale. It's necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out. Ask yourself: If you were buying this home what would you want to see? The goal is to show a home which looks good, maximizes space and attracts as many buyers - and as much demand - as possible. Get a Pre-listing Inspection Having your home inspected by a professional home inspector before you list is a recommendation … (0 comments)
market: Snapshot of the NJ Real Estate Market
- 08/27/08 09:47 AM
Houses For Sale: 1618 Median Price $359,900 New Homes: 3 Median Price $529,900 Foreclosures: 1.032 Median Price $339,900 Snapshot of NJ Mortgage Rates 15 Year Fixed 6.187% 30 Year Fixed 6.572% 1 Year ARM 5.539 % … (3 comments)
market: Surya Yoga Academy
- 08/20/08 05:29 AM
Yoga is an ancient practice that can benefit mind, body, and spirit. For those interested in the physical and stress-relieving benefits of yoga, Surya Yoga Academy in Summit is a great choice. They aim for an intense and thorough workout in each class. While their Introduction to Yoga classes take place in normal room temperatures, most of their other classes take place in temperatures over 100 degrees Fahrenheit. This is referred to as "Hot Yoga"-a series of yoga poses done in a heated room. Hot yoga is designed to increase stretching abilities while avoiding injury. Proponents of hot yoga ascribe to … (1 comments)
market: So Many Homes, So Few Buyers
- 07/28/08 10:02 AM
Today's market would be perfect for buyers if it were only a bit easier to get a mortgage. There are more empty homes now than at any other time in U.S. history; according the U.S. Census Bureau, the nation's empty homes rose to a record 18.6 million in the first quarter this year. This high vacancy rate tends to create price breaks for buyers. In addition, adjustable rate mortgages (ARMs) have contributed to rising foreclosures by causing unaffordable mortgage payments. Some people bought more than they could afford with little money down when the market was peaking, and now home prices … (0 comments)
market: 5 Tips for Selling in a Market Full of Foreclosures
- 07/17/08 08:43 AM
Foreclosures are on the rise buyers know it. This increased awareness prompts buyers to push more aggressively for lower prices on properties. It's a buyer's market right now, and thus is very price-sensitive. Those sellers who are not in foreclosure need their home to compete with the foreclosures in order to attract the buyers who are looking at both. Here are five tips for getting your house the attention it deserves from buyers: Know your market-length time. Getting an accurate idea of how long you can leave your home on the market will help you to price it correctly. Don't base … (3 comments)
market: Home Staging Sells Houses
- 07/01/08 05:17 AM
Home staging lies somewhere between enhancement and camouflage, and sometimes comprises both. When staging is done well, the best features of the house are maximized and the flaws minimized. Home staging shows the home in its best light, its best dress; the house becomes the best home it can be. Statistics are beginning to support what smart investors and realtors have known for awhile. Joy Valentine, Broker Associate with Coldwell Banker in Los Altos, analyzed 2,772 properties sold between March 1 and September 30, 1999, in eight different cities. She obtained the data for her analysis from RE Infolink and the … (2 comments)
market: Bad Recession News Improves Home-Buying Conditions
- 06/23/08 11:34 AM
The increase in "McMansions" is hurting the new home market because many people can't afford to buy them. In 2008, new homes were 25 percent higher in cost than existing homes, and the gap is widening. Existing homes are selling better than new homes because they are less expensive existing sellers are more negotiable. In addition, the median existing home was $195,900 in February, down 8.2 percent from last year. Home prices are dropping, interest rates are likely to drop further, and the housing inventories are saturated which offers the best selection to consumers. Buyers-could you ask for anything more? … (3 comments)
market: Jersey Fresh Farmer's Market
- 06/17/08 10:49 AM
South Orange Farmer's Market is a seasonal open-air market featuring farm-fresh fruits and vegetables, homemade crafts and other items, plants and flowers, prepared foods, live music, and more! Farmers and Vendors will set up booths in the circle outside of SOPAC (next to the South Orange Train Station) to offer the community fabulous Jersey Fresh produce and local music at the Main Street South Orange Farmers' Market in the circle in front of SOPAC (next to the South Orange Train Station) every Wednesday from 2-7 thru October 31. For more information, visit http://www.mainstreetsouthorange.org. … (0 comments)
market: Not ALL Residential Real Estate is Hurting
- 05/21/08 07:48 AM
While single family homes in New Jersey and across the nation may be hitting their cyclical lows, well-managed apartments are earning great returns. One only needs to look outside the (house-shaped) box to find increased success-in rental apartments! While home ownership decreases and foreclosures reach record levels, the apartment market is growing and remains strong and prosperous; as people leave behind homeownership, they move into affordable rental apartments. 2007 rentals showed their largest increase since 2000, according to Mark Obrinsky, chief economist of the National Multi Housing Council. The opportunity to benefit from apartment rentals isn't limited only to billionaires; anyone … (2 comments)
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