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toms river: Affordability is the Talk of the Town! - 04/02/12 07:33 AM
I am not sure if you heard, but the National Association of Realtors recently reported that its Housing Affordability Index reached a record high of 206.1 in January. This was the first month since the index began in 1970 that it has hit or surpassed 200.
To put it in perspective, houses are more affordable now than at any point in the last 42 years! What’s more, an index of 100 represents a median-income-earning family’s ability to exactly afford a median-priced, existing single-family home. Housing affordability is now double that.
Right now, all of these conditions are favorable for you if … (1 comments)
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toms river: Still On The Fence?? - 01/05/11 12:12 PM
Looks like prices have not stopped falling in many areas of the country, although rates started to rise a bit. If you're in the market for a home, now is the time to get off the fence and make a move!! Check out this article for details.
For more information, contact Michael Sinton, CRB, CRS, SFR, e-Pro, Broker/Sales Associate, Weichert Realtors, directly at 732-904-3236, via email at Mike@MSinton.com.
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toms river: The Fastest Road to Yes!! - 03/03/09 10:17 PM
Whether up or down, fast or slow, there are "tricks" you can use to make a home sell in any type of market. Following these actions should help produce results, particularly in down or slow conditions.
First, make your home a "best buy" by having your real estate representative perform a thorough analysis of listings and recent sales in your neighborhood. Position your home right in the middle of an attractive price range (buyers look in broad ranges, so be sure you are noticed).
Before your final pricing decision, determine the level of pressure you're under to sell within a given … (0 comments)
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toms river: Opportunity Knocks!! - 03/03/09 09:55 PM
There are some desperate sellers out there, but perhaps none so desperate as banks. That's right - banks that own foreclosed properties are anxious to get them off their hands. After all, their business is lending, not property management.
If you are pondering the purchase of such an "REO," or Real Estate Owned property, how do you find one, and then determine if it's the right buy for you? Banks work almost exclusively with real estate professionals, so your best bet is to begin your search at your trusted local agent's office.
Chances are the broker will have a list of … (0 comments)
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toms river: Time For a House Call... - 03/03/09 09:36 PM
A real estate professional recently coined the term "Price Denial Syndrome," a troublesome condition that afflicts sellers having a hard time facing the realities of today's markets. Of course it’s difficult to make a pricing concession, but an overpriced home simply will not sell.
Perhaps the sellers argue that they really need the money, but then they have to ask themselves what they'll do for money if the home doesn't sell. Maybe they figure that they can shoot for the moon now and reduce the price later if they must. However, the longer a property remains unsold, the more likely it … (0 comments)
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Michael Sinton, CRB, CRS, SFR, e-Pro
Jackson,
NJ
More about me…
Weichert Realtors
Address: 2110 West County Line Road, Jackson, NJ, 08527
Office Phone: (732) 370-4664
Cell Phone: (732) 904-3236
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