The Murphy/Lee Team Blog

This Weekend's Open Houses By The Murphy-Lee Team

Fri, 09 Mar 2012 13:15:02 -0800

This Weekend's Open Houses By The Murphy-Lee Team

Saturday March 10, 2012 Noon to 4:00pm

228 Butler Blvd
Bayville, NJ 08721
Perfect home in a friendly waterfront community.

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$300,000
Bedrooms	:	3
Bathrooms	:	1
Square Foot	:	1,200
Lot Size	:	3,200
County	:	Ocean
Property Type	:	Detached
MLS Number	:	3052998

click for more information and pictures

Property Description

Perfect home in a friendly waterfront community. Well maintained 3 bedroom 1 bath ranch, nice size three season room with beautiful views of the bay. Great back yard covered in maintenance free trex decking with newer bulkhead. Outstanding location just a few houses from the open bay. Cruise by boat to Tices Shoal, Island Beach State Park or any of the local waterfront restaurants and bars. All within minutes of this lovely waterfront home!

Features List

Close To Bay	Newer Bulkhead	3 Bedrooms
3 Season Room	Trex Decking	Remodeled Bathroom
Hardwood Floors	Newer Windows	Central A/C
Walk To Bay Beach	Good Schools	Vinyl Siding

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Saturday March 10, 2012 Noon to 4:00pm

811 Bay Club West
Beach Haven, NJ 08008
Resort living @ it`s best in the heart Beach Haven

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$799,000
Bedrooms	:	3
Bathrooms	:	4
Square Foot	:	1,700
County	:	Ocean
Property Type	:	Detached
Year Built	:	2004
MLS Number	:	3056031

click for more information and pictures

Property Description

Resort living at it`s best; located in the heart of Beach Haven. The Bay Club is a Key West Design consisting of 18 detached single homes with an assoc. offering lawn service, sprinklers, in-ground pool, bay beach. This beautiful home offers Modern Kitchen w/granite counter tops 42 inch maple cabinets, tile back splash, breakfast bar, 3 bedrooms, 2 full baths, 2 half baths, master bedroom suite w/french doors leading to balcony w/master-bath, walk-in-closet, finished ground level room w/half bath, attached garage. Conveniently located to fireworks, parades, chowder feast, restaurants, major attractions.

Features List

3 Bedroom	2 Full Baths	2 Half Baths
Community Pool	Bay Beach	1 Car Garage

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Sunday March 11, 2012 Noon to 4:00pm

56 Marguerite Lane
Manahawkin, NJ 08050
Beach Haven West New Construction

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$638,000
Bedrooms	:	4
Bathrooms	:	2.5
Square Foot	:	2,200
County	:	Ocean
Property Type	:	Detached
Year Built	:	2011
MLS Number	:	3052053

click for more information and pictures

Property Description

BUILDER OFFERING PAVER DRIVEWAY LANDSCAPING PACKAGE IF UNDER CONTRACT BY 12/31/2011
Complete and waiting to be your Jerseyshore Dream Home.
Gorgeous WATER VIEWS from every window in this custom built contemporary home! abound with architectural details this home features 4 bedrooms, 2.5 baths, dramatic 2 story great room w vaulted Ceiling,stone fireplace, 2nd floor leisure room, sensational gourmet kitchen w top of the line appliances, 1st floor master suite with stunning master bathroom, seconds to the open bay! Quality construction by local builder! too many upgrades to list a must see!!!!

Features List

Ist Floor Master Bed	4 Bedrooms	2.5 Baths
Vaulted Ceilings	Fireplace	Garage
Waterfront	Deck	Dock

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Meeting the challenge to return homeownership to the American dream

Sun, 18 Dec 2011 20:10:26 -0800

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

HOUSING IS VITAL TO ECONOMIC RECOVERY

Wed, 23 Nov 2011 14:00:46 -0800

Our friends at Acre Mortgage posted this on the current mortgage/real estate situation today and we wish to share it with all our clients.

HOUSING IS VITAL TO ECONOMIC RECOVERY

It’s my contention housing will lead the way in turning this economy around. After all, housing is the reason we are in this mess. The corruption and deceptive practice of the sub prime mortgage industry has, in my opinion, facilitated an economic tsunami. It has not only tumbled Wall Street, it has adversely affected most all “main streets” globally.

We must reach out to the most important sector of our population; the young and first time buyers. Most all of us prefer to own, the cost of Real Estate in today’s market offers great opportunities for those folks who still believe the “American Dream” is a reality. It’s unfortunate, however, the consistent rhetoric of the naysayers who voiced uninformed opinions regarding home loans are discouraging too many people to take the plunge into home ownership.

The fact is, mortgage money is plentiful. Processing and underwriting rules have reverted to the sensibility standards of the era prior to the sub-prime money giveaway. Today, Lenders need to verify an applicant’s ability to repay the loan in the evaluation process. No longer will money be lent based on unverifiable income and assets; or for applicants with sub par credit scores. The days when Lender based loan approvals on overvalued properties and under qualified borrowers are over; and will never return.

Mortgage Programs now exist for qualified borrowers with minimum investment and affordable payments. Incidentally, low or no down payment loans should no longer be considered a stigma. It has been proven VA loans, with the no down payment provision, represent the most stable and best performing loans in terms of defaults and payment history. It’s not about the product guidelines; it’s about making it affordable. Before Wall Street greed besieged us, the process of Lenders determining a borrowers’ affordability built this country, built communities, built stability and built hope. Essentially, corporate greed and personal bad decisions made by people who lacked the foresight and understanding of what they were buying, robbed or delayed the ability of the next generation to achieve the same dream.

Fixing the housing market, in my opinion, begins the healing; education is the foundation. Too many uninformed potentials sit on the sidelines waiting. I suspect the waiting is due to the unawareness of what is available and what is happening in this market. In terms of a monthly payment, there are legions of potential homeowners who do not know buying a home can be less expensive that renting. They have no clue that if the purchase contract is structured correctly, the cash out of pocket may represent a little more than a month and a half of a security deposit along with a month’s rent.

Most everyone, including the Real Estate Community, have yet to firmly grasp the premise of the FHA “buy it and fix it” 30 year fixed market rate mortgage. A startling means of purchasing a property, “as is”, that is otherwise “un-mortgageable” due to its condition. The ability to purchase a home, usually undervalued due to its condition, and including repairs/customizing with the financed mortgage, represents one way of reaching out to those potential homeowners. This underused and little known mortgage eliminates the concern of dealing with potentially costly repairs after taking ownership. In addition, the plan ensures the home will be compliant to all local codes. There is a one time closing with the pre-determined repairs escrow and paid to the contractor with the homeowner’s supervision and approval. There are numerous other benefits to this program, the FHA 203-K plan.

The “K” program is one of several plans available to entice those sidelined potentials. Also gaining popularity is the USDA no down payment plan, along with the 100% financing parameters of the VA program and the State backed Home Mortgage Financed Agency (HMFA). Additionally, there are local “smart start” incentives and County and State down payment assistance programs.

The moral of the story is hope. Not only for the many of potential homeowners still renting, but for a country in need of picking itself up and economically moving forward. Revenues generated from the revitalization of the neighborhoods and filling up those vacant and neglected homes will begin the road to recovery. The means to accomplish the goal is simple education for the new group of potential homeowners.

Hopefully, this starts it!

Chuck Reed
creed@acremortgage.com

www.SouthJerseyMortgageGuys.com

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Great Large Townhome At The Gateway To LBI

Sat, 12 Nov 2011 19:56:28 -0800

122 Windward
Manahawkin, NJ 08050
Large Townhome At The Gateway To LBI

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$340,000
Bedrooms	:	3
Bathrooms	:	2.5
Square Foot	:	2,600
County	:	Ocean
Property Type	:	Detached
Year Built	:	2004
MLS Number	:	3053308

click for more information and pictures

Property Description

This home must be seen to be believed gorgeous end unit! Upgrades, upgrades, upgrades, this home has them all! Premium hardwood flooring Top line 42" cabinets granite countertops 2 gas fireplaces Decorative trim moldings. outstanding master bedroom suite with attached master bath w/tub and separate shower walk in closets. Finished basement great space for family/game room well maintained grounds including lovely community pool private location just 3 miles from the beaches of LBI.

Features List

3 Bedrooms	2.5 Baths	1 Car Garage
Finished Basement	2600+sgft	Granite Counters
42" Cabinets	2 Gas Fireplaces	Hardwood Floors
Decorastive Moldings	Common Pool	Close To LBI

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

5 Questions and Answers About Adding a Fireplace

Fri, 11 Nov 2011 10:49:59 -0800

If you want to add a fireplace to your existing home, ask yourself what value it brings to you and your property.

1. Is it possible?

With the variety of fireplace options available today, from traditional wood-burning masonry to wall-mounted ventless units, it would be difficult to imagine a situation in which it would be entirely impossible to add a fireplace of some sort.

That being said, local interpretations and enforcement of building codes may dictate details such as the chimney height, the construction of the firebox and flue, minimum clearances around vent pipes, and limits on fireplace emissions--all of which narrows your choices. You’ll need to check with your city or county building department, many of which have current code information online. You also can check state and local building codes at www.statelocalgov.net.

There’s also the question of fuel: If you’ve got the space to safely store stacks of wood (not against the house--a fire hazard--but within convenient proximity) or an existing source of natural gas or propane, then you’ll increase your options.

2. How much will it cost?

Costs for materials and labor to add a new fireplace can run the gamut from several hundred dollars to $20,000 or more. Among the most popular options, a factory-built gas/propane fireplace unit runs about $2,000 for a basic materials package; add to that at least another $5,000 for the cost to hire professional tradespeople to cut a hole in an exterior wall, frame and build a chimney, install the fireplace, and add a surround and mantle.

Figure on spending about half that or less for a fireplace that vents horizontally through the wall--called a direct-vent fireplace—which eliminates the costs of building a vertical flue and chimney extension, and for simpler finishes around the fireplace opening.

An EPA-qualified wood-burning fireplace, which features doors with air-sealing gaskets to regulate how much indoor air it uses for combustion, therefore saving energy and reducing emissions, may cost upwards of $4,000 per unit. The installation and finishing costs of such units, however, is about the same as the natural gas fireplace. A traditional, open-hearth, wood-burning fireplace--like the ones you see in mountain resort hotels--requires a skilled, professional mason and a budget approaching (and often exceeding) $20,000.

The lower end of the cost spectrum includes so-called “ventless” gas or gel fireplaces, and those powered by electricity. Expect to spend about $400, plus another $1,000 to have a professional install and finish those that require a dedicated gas or propane line.

When considering costs, also factor in on-going expenses, namely for fuel and maintenance. According to the U.S. Department of Energy, natural gas is the least expensive utility-supplied heating fuel at a national average of $1.42 per therm (a measure of heating value), followed by heating oil and propane; electricity, meanwhile, is nearly twice the average cost per therm of natural gas. Utility rates vary by geographic region, so check with your local suppliers to accurately gauge those costs; your use of the fireplace will impact ongoing fuel expenses as well.

If you have a readily available (and thus cheap) source of wood, ideally on your own property, it probably trumps the cost of any utility-supplied source. Wood and natural gas are by far the most popular fireplace fuels, combining for 83% of the market, according to the National Association of Homebuilders Research Center.

An annual service contract with a professional fireplace or chimney inspector, around $150, is a relatively inexpensive way to maintain your fireplace with confidence.

3. Will I recoup my up-front costs?

A fireplace generally isn’t calculated separately in a professional home appraisal, though real estate salespeople often consider it to be a hot button among potential buyers. According to the National Association of Realtors(r)' 2007 Profile of Buyers' Home Feature Preferences, 46% of homebuyers said they would pay extra (a median of $1,220) for a house with at least one fireplace, the most popular “desired feature” in the survey.

Still, says certified appraiser and real estate industry author Mark Rattermann, “Probably the best gauge is to look at the number of newly built homes with fireplaces” to measure whether homebuyers want and are willing to pay for them. According to the U.S. Census Bureau, 53% of new homes built in 2008 included at least one fireplace. That’s down from a peak of 66% in 1990, though that drop-off may say more about builders trying to reduce costs than changes in consumer demand, as the latest NAHB consumer preferences survey found that 77% of homebuyers want a fireplace.

Rattermann also suggests homeowners consider a new fireplace in the context of their home’s overall value when trying to estimate its payback potential. “A $10,000 fireplace in a $1 million home is well supported in most markets,” he says, because it’s an expected feature in upscale homes. “But a $10,000 fireplace in a $100,000 home probably isn’t valued as much,” in the context of other spending priorities at that price point.

4. Where will it go?

If you’re thinking payback, put the new fireplace in the most-used room in the house (besides the kitchen). That’s usually the family room or great room. But if your goal is personal enjoyment or perhaps the more practical goal of space heating, the best place is where the unit best serves those purposes: to enhance the sitting area of the master bedroom, to heat an office or guest room at the far end of the forced-air system’s duct run, or for holiday ambiance in the lesser-used living room.

And don’t forget the backyard: About 3 million outdoor fireplaces are installed every year, according to the Hearth Patio & Barbeque Association, as part of an overall trend toward more extensive outdoor living spaces. Expect to pay about the same for an outdoor unit, installed, as you would a comparable indoor fireplace, though don’t expect the outside unit to be an efficient heating source; rather, more so for ambiance.

5. Is a fireplace energy-efficient?

It’s true that a traditional, wood-burning fireplace in a big, open room--while romantic and impressive to guests--is an energy hog by continually sucking conditioned indoor air for combustion and losing most of its heat up the chimney. But sealed units (including those that burn wood) have the mechanics, controls, and venting systems to use outdoor air for combustion, reduce thermal loss, and effectively supplement the home’s primary heating system. A fireplace used for “zoned” or small-area space heating can lessen the energy demand on the furnace and reduce utility bills by allowing you to turn down your thermostat when the fire is going.

Theoretically, a series of well-placed and right-sized fireplaces might completely replace an existing home heating system. “A direct-vent gas fireplace is much more efficient as a per-room space-heating option than a traditional central forced-air system (using a furnace),” says Steve Frederickson, a fireplace installation expert and lecturer for Hearth, Patio & Barbecue Education Foundation. “It’s very wasteful keeping your whole house at 70 degrees all the time. If everyone used one of these fireplaces to heat just the rooms they use, when they use them, it would cut the residential heating load by 20%-25%

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Might Housing Be the Issue that Decides Who Wins the Presidency?

Fri, 11 Nov 2011 10:28:37 -0800

By: Matt Dornic

Published: November 9, 2011

Candidates be warned: Voters may make housing the make-or-break issue of the 2012 presidential election.

Without a widely supported federal plan to address the nation’s housing crisis, U.S. home owners, builders, and the hundreds of thousands of Americans employed in real estate-reliant industries should keep a close eye on GOP hopefuls and President Obama as the 2012 election cycle moves into full swing. Consistently ranked among top concerns for voters, housing may just be the issue to make or break a candidate’s White House run.

With less than a year remaining before Americans elect the nation’s next president, the housing slump has become a hot source of political ammunition between opponents. But not one has unveiled a real plan to address the ailing market. This could be for one of two reasons: Either prospective Republican nominees have failed to develop their housing platform or because, like Mitt Romney, they don’t intend to intervene.

Either way, housing-related criticism is being lobbed not just at the Obama administration and its imperfect programs, but also at the GOP candidates.

Case in point is a new ad campaign, created by the Democratic National Committee and targeting frontrunner Mitt Romney. Using audio of the former governor saying, "Don’t try and stop the foreclosure process — let it run its course and hit the bottom,” the commercial highlights one piece of a quote from an interview Romney gave to the Las Vegas Review-Journal’s editorial board last month.

Although some might argue that Romney’s quote was taken out of context, his “Believe in America Plan for Jobs and Economic Growth” barely touches on housing and instead focuses on tax cuts, less business regulation, and new energy initiatives.

But as foreclosures continue to plague the nation and with approximately 23% of mortgage-holding home owners underwater (as of second quarter 2011), surely some of the presidential hopefuls are addressing the housing sector, right? Here’s what we know about the candidates:

AP reports that Gov. Rick Perry’s fix for housing is to emphasize job creation. A spokesman for the governor said the “immediate remedy for housing is to get America working again. Creating jobs will address the housing concerns that are impacting communities throughout America."

Like Romney, it seems that Herman Cain’s answer is passive. "We need to get government out of the way," he said at last month’s debate in Las Vegas.

So far the most thoughtful position came from Newt Gingrich. The former Speaker of the House told Fox News’ Greta Van Susteren that small banks and removal of needless regulations may be the answer to the mortgage crisis.

”You have to repeal the Dodd-Frank bill because ... it dramatically regulates the banks,” Gingrich said. “It sends a signal to the regulators to tell them not to make the loans, not to roll over the money — and in effect, it encourages foreclosures and encourages the bank actually seizing the property."

"The minute you do that — literally, the minute you do that — it’s going to be easier for people to work their way out. You’ll have a dramatic decline in foreclosures,” he added.

Rep. Michele Bachmann has contributed virtually no plan to address the issue. Her strategy has been one of deflection, saying only that “[the White House] has failed you on this issue of housing and foreclosures. I will not fail you on this issue,” during the same debate.

But now, less than a year from the 2012 elections, a passive or low-profile approach to housing woes won’t sit well with voters. Candidate positions on housing will be important considerations to nearly seven of 10 Americans (69.6%) in the 2012 presidential and congressional elections, according to a national survey on housing from Move, Inc.

Look for housing to take center stage as the race for presidency really heats up in the next few months. And don’t be surprised if the first candidate to the finish line is the one who takes housing head on.

How important are housing issues for you in the 2012 presidential election?

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Open House 10/15 & 10/16 Waterfront New Construction

Fri, 14 Oct 2011 17:39:07 -0700

56 Marguerite Lane
Manahawkin, NJ 08050
Beach Haven West New Construction

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$638,000
Bedrooms	:	4
Bathrooms	:	2.5
Square Foot	:	2,200
County	:	Ocean
Property Type	:	Detached
Year Built	:	2011
MLS Number	:	3052053

click for more information and pictures

Property Description

Complete and waiting to be your Jerseyshore Dream Home.
Gorgeous WATER VIEWS from every window in this custom built contemporary home! abound with architectural details this home features 4 bedrooms, 2.5 baths, dramatic 2 story great room w vaulted Ceiling,stone fireplace, 2nd floor leisure room, sensational gourmet kitchen w top of the line appliances, 1st floor master suite with stunning master bathroom, seconds to the open bay! Quality construction by local builder! too many upgrades to list a must see!!!!

Features List

Ist Floor Master Bed	4 Bedrooms	2.5 Baths
Vaulted Ceilings	Fireplace	Garage
Waterfront	Deck	Dock

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Mortgage Points: To Pay or Not to Pay

Sun, 26 Jun 2011 19:56:13 -0700

By: Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties

If William Shakespeare financed a home today he'd probably ask on the subject of mortgage points: "To pay or not to pay? That is the question."

Homebuyers direct the same question to their real estate agents. Here are some perspectives:

In its simplest definition, a point is an additional loan fee that is paid to the lender in exchange for a lower interest rate. It's called "buying down," and it allows you to reduce your rate for the life of the loan.

Let's say you secured a mortgage loan for $500,000 without points, at 4.6% on a 30-year mortgage, your payment would be approximately $2,560 a month. If you paid two points ($10,000), the interest rate in this example would go down to 4.1% and the monthly payment would decrease to around $2,415, a savings of $145 a month.

In this scenario, it would take you about eight years to recoup the money you paid up front, so if you are planning on staying in your home a while, this will save you money in the long-run.

Home buyers must answer some key questions to determine if paying points is a wise decision. Specifically:

•·         How long will you keep the home?
•·         Do you have extra money to pay points?
•·         Could that money be better used for something else?

Money managers may suggest that a smarter option is to invest that $10,000 because you could do much better than your $140 savings, but you have to weigh the variables.

"Paying points depends on your career, your interests and all the things that predict your future," said financial advisor Thomas Watkins of Total Mortgage Services in Milford, Conn. "Points are paid up front while your savings will be spread out into the future. Therefore, you get more benefit if you own your home longer, or if you don't refinance for a long time."

The rule of thumb when it comes to points is simple: If you plan to stay in the house for less than three years, do not pay points. If you plan to stay in the house for more than five years, pay 1 to 2 points. If you'll be in the house for three to five years, paying points doesn't make a significant difference.

Another important aspect to consider: Since points are interest-payment related, they are fully deductible on your taxes in the year that you close. See your tax advisor for details.

Mortgage points can add up to valuable savings over the course of your loan, but the future isn't always predictable. Even if you "plan" on staying in your home for 20 years, changes in your career or family life could alter the plan.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

‘Tis the Season for Tax Breaks

Mon, 11 Apr 2011 08:04:01 -0700

By Curtis Lee
"The Murphy-Lee Team"
Prudential Zack Shore Properties

With April 15 rapidly approaching many are scrambling to complete their taxes. For those who have recently bought or sold a home, there are a number of tax deductions that that may be available to them.

Real estate broker's commissions, title insurance, legal fees, advertising costs, administrative costs, and inspection fees are all considered selling costs and may be used to reduce one's taxable capital gain by the amount of the selling costs. That could result in a big savings depending on the final sale price.

Interest that is paid on a mortgage is also tax-deductible, within limits. A married couple filing jointly can deduct all their interest payments on a maximum of $1 million in mortgage debt secured by a first or second home.

Buyers may also be able to deduct some of the interest they paid on a home equity loan or similar line of credit.

One deduction that many buyers often overlook is points. Points or origination fees on a home loan that were paid during the purchase of a home are generally tax-deductible in full for the year in which they were paid.

Refinanced mortgage points are also deductible but only over the life of the loan - not all at once. Homeowners who refinance can immediately write off the balance of the old points and begin to amortize the new.

If your lender required private mortgage insurance, the PMI premiums are tax-deductible for mortgages taken out from 2007 through 2011.

Making improvements to property prior to the sale or once one moves in might qualify for an interest deduction on your home-improvement loan. Qualifying capital improvements are those that increase your home's value, prolong its life, or adapt it to new uses, such as adding a porch or installing energy-efficient windows.

Many times during a sale, the seller will send the local tax collector's office a check for real estate taxes prior to the closing. In many circumstances, however, the buyer will pay a pro-rated portion of the taxes for the year at closing. This tax deduction also gets overlooked.

For those working from their new home: If a room is used exclusively for business purposes, they may be able to deduct home costs related to that portion, such as a percentage of your insurance and repair costs, and depreciation.

In some instances, if you have moved because of a new job, moving costs may be deducted. These can include travel or transportation costs, expenses for lodging, and fees for storing your household goods.

Every year the tax laws change and certain tax deductions become available while others phase out. If you have recently bought or sold a home, it's probably a good idea to seek out a professional tax consultant to do your taxes as missing deductions that you can legally claim can add up to quite a bit of money.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Floor the Competition

Mon, 11 Apr 2011 07:50:57 -0700

By Curtis Lee
"The Murphy-Lee Team"
Prudential Zack Shore Properties

When people enter your home they usually look down before up, so that first step is vital for attracting a homebuyer and making a great first impression. This is one reason why more people are installing hardwood floors in their homes.

Hardwood flooring enhances the look of any room and can create a classic ambiance that will beautify the interior design of your home. Residential real estate agents agree that homes with wood floors hold their value better, sell faster and fetch higher prices.

Last year, 99 percent of real estate agents responding to a national survey conducted by the National Wood Flooring Association agreed that homes with hardwood floors are easier to sell. The survey also found that 82 percent believe that homes with hardwood floors sell faster and 90 percent said they would sell for more money.

The American Hardwood Information Center adds that restoring hardwood flooring in the home is one of the best long-term investments to be made.

"Hardwood floors are environmentally friendly, forever fashionable, and will last for generations," said Pembroke Jacobs, president of the Hardwood Manufacturers Association. "Plus, with an expected life span of up to 100 years for certain premium hardwood flooring, you can be assured that that the hardwood really is a one-time investment with a very long-term payoff."

Real estate agents also agree that carpeting does not impress potential buyers, but hardwood floors are always a draw. Engineered wood floors impart warmth, depth and richness to a home's decor that cannot be matched by carpeting, tile or vinyl flooring.
Despite the existence of modern architectural trends in flooring, hardwood can still compete with floor tiles and other artificial materials. It comes in a variety of colors and grains; light, medium, or dark shades; and a variety of sizes, styles, finishes and species.

Maple, mahogany and oak are the most popular woods, but some homeowners are investing in exotics such as Brazilian cherry and purpleheart.

The Environmental Protection Agency has said that indoor air quality is one of the top health threats and wood floors can help contribute to a healthy living environment. In fact, a recent EPA study found that pesticides used in gardens and homes accumulate on floors and other surfaces in the home, but that wood floors greatly reduce the accumulation of such toxins. Hardwood floors also do not trap or harbor dust mites or molds.

Though wood floors will probably need to be refinished at some point, when properly taken care of they are much easier to maintain than other floor surfaces.

The NWFA recommends regular sweeping of hardwood floors with a soft-bristle broom or dust mop to remove surface dirt and debris. If your floor contains beveled edges, it recommends using a vacuum with a soft bristle brush attachment to remove dirt and debris from between the floorboards.

Having hardwood floors could be the difference between selling your home or watching a potential buyer walk out the door on a less-appealing type of flooring.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Price, Quality, Location, Bucchino Custom Built Homes.

Fri, 25 Feb 2011 19:34:21 -0800

Looking for a waterfront home in Manahawkin, NJ? Confused by the wide range of prices?

Being a waterfront community boating is the passion of most homeowners in Beach Haven West.
Location to the bay is one of the largest determination of a home's value.
The better the location the higher the price, unless you wish to compromise on quality.
Bucchino builds quality homes, in great locations, at great prices.

Please visit these website to see some of our great homes that are waiting to be
your Jerseyshore Dream Home.

http://4maryjeannelane.epropertysites.com/ http://walterblvd.epropertysites.com/

Call The Murphy-Lee Team today for more information 1-800-594-3315.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Tax Tips

Thu, 10 Feb 2011 19:08:05 -0800

(New!)

Schedule A Form: 6 Home Deduction Traps

Get an “A” on your Schedule A Form: Dodge these tax deduction pitfalls to save time, money, and an IRS investigation. Read
(New!)

Get Your 2010 Energy Tax Credits: Filing Tips for Form 5695

Sidestep snares in the complex IRS Form 5695 to get all the 2010 energy tax credits you’ve got coming. Read
(New!)

2011 Energy Tax Credits: What You Need to Know to Collect

Washington is giving you less green for going green, as the feds reel back the 2011 energy tax credits from a lavish $1,500 to a paltry $500. Read
(New!)

10 Common Errors Home Owners Make When Filing Taxes

Don’t rouse the IRS or pay more taxes than necessary—know the score on each home tax deduction and credit. Read
Tax Tips for Homeowners Looking Ahead to 2010 Returns

From energy tax credits to vacation home deductions, check out these tax tips for homeowners looking ahead to 2010 returns. Read

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Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Protect Your Home Against Natural Disasters

Sat, 15 Jan 2011 12:52:10 -0800

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties

Whenever a natural disaster is broadcast on the news-whether a tropical storm hitting a state along the Atlantic Ocean, wildfires in the West or-it serves as a reminder how hazardous water, wind, fire and earth movement can be to your home, perhaps your most cherished and largest investment. But, there are immediate actions you can take to protect your property and prevent major damage should one of these elements strike in the future. Depending on the age of your home and the building codes in your area, some of these improvements may already be in place.

Water

Apart from major flooding, most damage occurs when water seeps in through cracks and leaks. Make sure that windows and doors are well sealed. Seal any cracks and holes in the foundation and exterior walls. Repair or replace roof shingles around any area that allows water to penetrate the roof sheathing. Check for holes or air leaks in the attic and basement. Your basement windows and doors should have built-up barriers or flood shields. Inspect your sump pump regularly to make sure that it is working properly. Install or make sure that the flashing, a thin metal strip, around the doors, windows, thresholds, chimney and roof are in tact.

Wind

Minimize the damage by keeping the wind from getting inside your home. Windows and glass doors should be fitted with impact-resistant laminated glass or covered with impact-resistant shutters. Consider solid wood or hollow metal doors, which are more likely to resist wind pressure and flying debris. There are also roofing products with high wind resistance available.

Wildfire

Some inexpensive home improvements that you can make include installing a spark arrestor on your chimney, eliminating brush and debris from around your property, and modifying your attic, sub-floor and basement vents. More expensive improvements include replacing single-pane glass windows, doors or skylights with tempered glass, recovering your exterior walls with a more fire-resistant material, and re-roofing your home with a Class A roof covering.

Earthquake

California isn't the only earthquake zone. Other zones include the New Madrid region, west and just east of the Rockies, the southern Appalachians, New England and Alaska. Steps you can take to protect your property and possessions include anchoring appliances, water heater, dressers, and other heavy items to the wall. Attach your TV, computer and other small appliances to desks, tables or countertops. Secure ceiling lights, chandeliers and other hanging items to the permanent structure of your home. Apply safety film to windows and glass doors. It is also a good idea to install a main gas shut-off device.

Insurance

Of course, there may be times, when no amount of prepping can protect your home. However, homeowners insurance can help protect you financially in case something happens to your property or its contents. Most standard homeowners insurance policies include structural coverage and personal property coverage. Depending on your location, you may also need additional coverage against earthquake, hurricane and fire.

Be aware that flood damage is not covered under the traditional homeowners insurance policy. Flood insurance needs to be purchased separately through the National Flood Insurance Program (NFIP), a federal program. It is available to nearly 20,000 communities across the U.S. and its territories that participate in the NFIP. Flooding can be caused by heavy rains, melting snow, inadequate drainage systems, failed protective devices such as levees and dams, as well as by tropical storms and hurricanes. So, although you may be in a low to moderate risk area, you may still want to consider this coverage.

Periodically review your homeowner's insurance policy to make sure that you are adequately covered to rebuild your home and replace your contents.

If there is ever damage to your personal property, having a home inventory can make it easier when filing an insurance claim. Start with a sheet a paper for each room in the house. Go around the room and list every item. Don't forget the attic, basement or other storage places. For each item, write the original cost, purchase date, replacement cost, model number, brand name, where purchased, and a general description. In addition, take photos or video of each room for visual documentation. It is also a good idea to arrange valuable collections, silver, jewelry, etc. and take close up photos. Make sure you update your home inventory photos and list at least once a year.

When weather-related disasters strike, what's most important is your safety and that of your family. However, by taking precautions to protect your home, you can possibly help keep damage to a minimum; or in the case of severe damage, make sure that you have the financial means to rebuild.

For more information go to www.disastersafety.org or www.fema.gov.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Five Tips for a Green Home

Wed, 12 Jan 2011 14:47:05 -0800

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties

Eco-friendly. Carbon footprint. Global warming. Energy-efficient. These catch phrases have become part of our lexicon as we've become more aware of our impact on the environment and our role in protecting it. As a homeowner, there are some simple, inexpensive steps you can take to make your home energy-efficient. Get started on the road to being "green" with these five tips:

Change Your Light Bulbs

By replacing just five incandescent light bulbs with compact fluorescent (CFL) bulbs, you can save $100 per year on electric bills while using up to 75 percent less energy and removing greenhouse gases from the environment.

Buy ENERGY STAR® Appliances

ENERGY STAR-qualified appliances, such as refrigerators, washers and air conditioners, meet a higher level of energy efficiency set by the Environmental Protection Agency and U.S. Department of Energy than standard models. According to ENERGY STAR, if just one in 10 homes used ENERGY STAR-qualified appliances, the impact could be compared to planting 1.7 million new acres of trees. And, switching to these appliances is not only good for the environment, but easy on your pocketbook. Although these appliances may costs more, you can reduce your energy bill by $80 per year.

Seal Up

Cracks and air leaks represent cash seeping from your doors and windows. Get rid of air leaks in doors, windows and other areas by caulking gaps and cracks. This will help decrease your heating and air conditioning bill. But make sure you use silicone sealants. Acrylic caulk tends to shrink, while silicone sealants are waterproof and won't shrink or crack, creating less waste.

Use Less Water

Did you know that roughly 60 percent of a home's water consumption takes place in the bathroom, according to the California Urban Water Conservation Council? The largest culprit is the toilet, which accounts for 27 percent of your household supply every year. By installing low-flow toilets, showerheads and faucets, you can save thousands of gallons of water each year. In addition, replace leaky fixtures. That slow-dripping faucet can waste as much as 2,400 gallons of water per year.

Adjust the Thermostat

When adjusting your home's thermostat, the rule of thumb should be: turn up the dial in the summer and down in the winter. Lowering the temperature by just one degree will reduce your electrical costs. And if you use a programmable thermostat, you can program your air-conditioning and heating systems to reduce output while no one is at home or at night while you sleep. Ceiling fans are also helpful in circulating the air to keep the room cool in the summer and warm in the winter.

Going green doesn't have to be overwhelming or costly. By making just a few small changes within your home, you can help decrease energy consumption and help make the world a "greener" place.

The Murphy-Lee Team currently has 2 GREEN new construction homes for sale in Manahawkin visit www.20ShirleyLn.com & www.12Clarence.com for more information.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Home Sellers: Cut to the Chase in Home Repairs and Enhancements

Sat, 08 Jan 2011 14:32:21 -0800

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties

2011 opens as a strong buyer's market so home sellers must be on their toes to give their homes maximum appeal. Not only should sellers complete the home repairs they know must be made, they should also consider hire a certified home inspector to thoroughly and impartially evaluate their properties.

If this inspection results in a fix-it list, review the list with your real estate professional to establish necessities and priorities. Depending on your budget and objectives, you may want to repair only items that could cause significant deterioration to your property, such as a leaky roof. Ideally, the closer you can get your home to "move-in-ready" status, the more likely you are to attract today's cautious and discerning buyers.

Among the most common repairs and enhancements yielding immediate buyer appeal include:

•·         Paint inside and outside in neutral colors
•·         Steam clean or replace carpets
•·         Polish or replace hardwood floors
•·         Clean or re-grout kitchen and bathrooms
•·         Replace light fixtures
•·         Change light bulbs throughout and
           replace wall-switch covers
•·         Repair dripping faucets
•·         Fix sticking doors
•·         Repair broken fencing

Home sellers wanting to do more should consider the findings of Remodeling magazine's 2010-'11 Cost vs. Value Report, released in December 2010. The survey used input from REALTORS in 80 cities to rank home remodeling projects according to those that bring the greatest cost recovered at sale.

Many of the top projects focus on exterior replacements, as replacements are generally less expensive than other types of projects and they add all-important curb appeal - essential for today's competitive market or any other.

The Top Five projects in the Cost vs. Value Report include:

No. 1 - Entry door replacement (steel)

No. 2 - Garage door replacement (four-section door, reuse existing motorized opener)

No. 3 - Siding replacement (fiber-cement siding)

No. 4 - Kitchen remodel (minor: new cabinet doors, drawers and hardware, plus new energy-efficient appliances, flooring, counters, sink and faucet)

No. 5 - Deck addition (wood)

When the dust clears and projects are complete, be sure that you and your real estate professional document your repairs and enhancements, and share the report with prospective buyers. Walk prospects through the enhancements and include their costs.

A home in good condition demonstrates pride of ownership. Taking the time to make enhancements helps ensure your home is presented in its best-possible light, primed for sale.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Is 2011 The Year To Dump Your Desk?!?

Tue, 28 Dec 2010 14:48:37 -0800

It's that time of the year again to really really get serious about your biz plan for next year. Setting the goals a couple of months ago was one thing now it's time to buckle down and figure out how you are really going to make that happen.

Two articles passed by me today making me wonder if someone is telling me to make a major change. Can I really move on holding on to the way real estate WAS done in the 70's?

This article by Inman:http://on.fb.me/eP3lmN and the blog below.

Time for some serious thinking.

Here's to a great 2011

Via Clint Miller (Real Estate Client Referrals, LLC (RECR)):

It's 2011...Well, almost...

It's time to think about your future. Do you need that office space? Really NEED it, I mean?

With the real estate industry evolving at the rate that it is, many agents have adapted to include the ability to be as mobile as possible. Gone are the days of meeting at the office or heading back to the office in order to get anything done. In fact, a good number of agents don’t even have an office. (Isnt that what Starbuck's is for?!?) Their office has 4 doors, not just one…and it sports 4 wheels and bucket seats.

There is a mindset that needs to be adapted in order to effectively go mobile. You have to be really self-motivated. And, you have to realize that when you leave your house, you are working. You must also be able to be in contact at all times. And, you must be able to access anything you need at any given point in time. With that in mind, there are several things that one must possess in order to master the art of mobility:

1.    A good smart-phone – Don’t be cheap! Get a good smart phone…an Iphone or a Droid...maybe a Blackberry. And make sure you have a good data plan (I prefer the unlimited versions). More important than that, make sure you take the time to learn how to use it and put the tools available to you to your best advantage! There is no point in having it if you aren’t going to take the time to learn to use it.

2.    A good (great) laptop – This pretty much goes without saying, but…when you get a computer, get something that seems to be WAY more than what you will actually need. That way, you won’t have to get a new one in a year because the cheap P.O.S. you bought isn’t big or fast enough. Get the super-gigantic hard drive. Spend the extra money for a hefty RAM upgrade. Also, invest in an external hard drive for back-up. Laptops are not that rugged…and are prone to injury. They are also prone to be lifted by unscrupulous individuals, if given the chance. Losing all your data will suck far more than losing the laptop.

3.    A flip camera (or digital video camera) – These will automatically make themselves a useful tool the first time you have to preview a home or make an online tour of a new listing. I would recommend you get both a video camera…and a still frame digital camera. Both have distinct advantages depending on the need. The new HD Flip cam is awesome...and the Kodak Z3x or Z8i are great ones.

4.    Docusign – Or, some form of reliable electronic document signing and processing software. (If you don’t know what Docusign is, hit up @Docusign on twitter. Tell her @TheRealClint sent you.) This is an absolute requirement. This way, you can sign offers, amendments, contracts, etc, right on the computer and then email them wherever needed. This way, you don’t have to worry about printing documents, having to get the required signatures, making copies, etc. From a time management standpoint, this ability to eliminate these types of useless delays is a major advantage.

5.    GPS – Clients can tend to be a bit uppity when you miss appointments because you got lost on the way there. And, nothing is more embarrassing then having them sitting in your car and not knowing how to get to the next home they want to view. Besides, you’re not a taxi. This isn’t a pleasure cruise. Get them where they want to be and do so in the quickest, safest way possible. Again, avoiding useless delays will be rewarded.

6.    MiFi or USB mobile broadband card – Again, don’t be a cheapskate here…get the mifi if it is available in your area. You will not be sad that you did. If not, make sure you have some form of broadband air card. You will need access to the internet on a screen larger than 2in X 3in at some point in your mobile career…and having one of these will make it much easier than trying to pirate wifi signals in hotel parking lots or having to find a Starbuck’s.

7.    A portable printer – Yes, a printer. That way, you can immediately print copies of documents and provide them to all parties in an extremely timely and efficient manner. Your clients will appreciate the added touch.

Remember, this isn’t just about mobility. This is about professionalism as well. Your reputation is on the line here. And, since you aren’t in an office, you had better be as good as possible because there isn’t any coffee pot to direct them to or free cookies to have them munch on while you get your proverbial "poop in a group". Don’t attempt to go totally mobile unless you plan on NOT falling victim to inadequate equipment and preventable delays. Both of which will cost you in the long run. If you are going to be mobile, you have to be able to handle any situation at that moment (as much as possible, anyway). And, these little technological marvels will make your life MUCH easier along the way.

If you would like more information on Real Estate Client Referrals and how we can help you get more clients, please contact Clint at 800-977-7058. Or, hit our fanpage on Facebook! While you are at it...Hit me up on Twitter!

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

First-Time Homebuyers Face the Opportunity of a Lifetime

Sat, 11 Dec 2010 08:48:46 -0800

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties

Today's first-time homebuyers are presented with the opportunity of a lifetime. Mortgage rates in early December stood near lows last seen during the Truman administration while home prices were well off their peaks of previous years. The combination made housing affordability, as measured by the National Association of REALTORS^®, the highest since NAR^® launched its Affordability Index in 1973.

Housing inventory is also abundant in many markets, enabling first-timers to secure good homes and pave the way to their financial futures. Indeed, homes and their long-term virtues of shelter, wealth-building and personal and civic pride are available at bargain-basement prices that won't, or can't, last.

Naturally, first-timers have many questions about home buying, starting with costs. With research and the services of a licensed real estate professional, these consumers can demystify the process and place themselves on the fast track to homeownership.

Knowledge is power - Nine out of every 10 home searches today begin on the Internet. With just a few mouse clicks, you can peruse neighborhoods, search countless online listings and take virtual tours packed with detailed photographs. The process gives you working knowledge of home availability and pricing in your local markets so by the time you sit down with your real estate sales professional you're well on your way.

Also visit informative websites such as www.ginniemae.gov, www.realtor.com and www.MurphyLeeTeam.com , and check the local newspaper for homebuyer seminars.

Affordability - Costs involved in the purchase of a home - mortgage, down payment and closing expenditures - can be overwhelming to first-time homebuyers. By looking at your income and debt ratio, your real estate professional can help you calculate how much you can afford each month in mortgage payments. But before determining your price range, you should also take into consideration other factors that will affect your monthly budget once you are a homeowner, such as property taxes, insurance, utilities and maintenance. And if your down payment is less than 20 percent of the cost of the home, you will be responsible for private mortgage insurance.

Mortgage payment - In today's buyers market, you may face competition for your dream home. To establish your spending limit and gain the ability to move quickly on a home, get pre-approved for a loan before you start looking. The fact that your loan has already been approved is of great value to the seller because it shortens the purchase process, and there is less of a chance that the buyer will back out of the sale. This process will also help you identify any credit challenges you must address prior to your purchase.

If you don't have a specific mortgage lender in mind, ask your sales professional for a recommendation.
The Murphy-Lee Team suggests Nothern States Funding Group www.SouthJerseyMortgageGuys.com

Down payment - The down payment amount varies depending on the value of the home you choose and your mortgage lender. First-time homebuyers may also qualify for down-payment assistance programs and grants available through their states and municipalities. Contact your state housing finance authority, county housing and community development office for an application.

Closing costs must be factored in as well. These include origination fees charged by the lender, title and settlement fees, taxes and prepaid items such as homeowners insurance or homeowner association fees. All told, buyers should spend no more than 28% of their income on housing costs, according to Fannie Mae. Your real estate professional will be able to explain your options.

Making offers - Make sure you visit several different homes to get a feel for the marketplace. Visit the ones you like again to see things you might have missed. Work with your real estate professional to get all of your questions answered before making an offer. And remember there are no silly questions. Make sure you understand and are comfortable with every aspect of the transaction.

Indeed, home ownership remains a sound financial decision for most and a key component of long-term financial planning. First-time buyers who seek homes for all the right reasons - a place to raise a family, build for the future and face life's opportunities and challenges - can secure their dreams and build for their futures at some of the most attractive values in years.

Call The Murphy Lee Team today we are always here to assist you in your home search 1-800-594-3315

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Winter Is Approaching … Is your Home Ready?

Thu, 11 Nov 2010 00:21:45 -0800

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Properties
Autumn winds blow a chilly reminder that winter is fast approaching. Perform the following maintenance tips each fall to protect your property's value and prevent major repairs.

Roof, Gutters and Downspouts
Rain, ice, snow and wind can all cause damage to your roof and gutters. Now's the time to trim back all tree limbs and vegetation away from the roof. You also should remove debris, such as leaves and sticks from your gutters and downspouts. Clogged gutters don't allow water to properly drain away from the home, which can cause seepage in your ceilings and walls. You can also invest in gutter guards, a screen that prevents debris from entering the gutter and directs the flow of water away from the house and into the ground.

Water Heater
You don't want to find out that your water heater isn't operating properly when you need it most. So use this time to perform an annual inspection, which includes having your tank's pressure and temperature relief valve checked. In addition, remove sediment from the bottom of the tank by draining two gallons of water to improve heat transfer and the efficiency of your heater.

Heating and Cooling System
If you have a forced warm-air heating system, you should check the exhaust vent and air shutter openings for dirt and dust. Clean any lint and dirt from the blower blades, motor and burner (if you have a gas heater). Vacuum air passages and check and replace, if necessary, fan belts. To prevent airborne dirt from circulating throughout your home, wash out your reusable filter or replace it if it's disposable.

Doors and Windows
To help control heating costs, make sure your doors and windows are properly sealed. Now is the time to repair or replace weather stripping around door bottoms and jambs and window frames. Check for loose or missing glazing putty and caulking for deterioration. If you have storm windows, install them.

Water Pipes
Frozen or bust pipes can cause major damage to your home and be expensive to remedy. Before frigid weather hits, protect your pipes in unheated areas from freezing by adding insulation, which reduces heat loss from hot-water pipes and condensation on cold water pipes. This can be accomplished by wrapping the pipes with heating tape or blanket insulation and duct tape or by encasing the pipes with preformed plastic foam. In addition, examine your pipes for cracks and leaks.

Fireplace
Before you light the logs and get ready to settle in front of a cozy fire, make sure that your fireplace is in good working order. Clean the chimney flue and, if needed, have it inspected and repaired. Check the seal on your flue, which is designed to keep out drafts. Replace the seal if it is loose or damaged.

If you decide to perform the fall maintenance yourself, disconnect the power for any electrical or gas systems. In addition, before inspecting, cleaning or making any repairs refer to your owner's manual for all equipment for proper instructions, which should be the final authority on any maintenance.

Outdoor Surfaces and Landscaping
Fall is also a great time to seal your driveways, wood patios and other hardscape surfaces. In addition, prune tree branches away from your home and electrical wires. Plant spring flower bulbs and move sensitive potted plants indoors.

Although this list is merely a guide, it can help you keep your home in good shape and have a winter free of major repairs.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Broker's Open 10/27 Noon to 2:30 Point Pleasant Boro

Fri, 22 Oct 2010 14:25:31 -0700

1001 Rue Ave
Point Pleasant Boro, NJ 08742
Broker's Open Gorgeous home east of the canal

The Murphy-Lee Team

Curtis Lee/Eileen Murphy

Office:	(609) 597-6464
Tollfree:	(800) 594-3315
Website:	Visit Website

Price	:	$355,000
Bedrooms	:	3
Bathrooms	:	1.5
Square Foot	:	1,416
County	:	ocean
Property Type	:	Detached
MLS Number	:	3045379

click for more information and pictures

Property Description

Please Join us for a BROKER'S OPEN WED 10/27 Noon to 2:30pm
Gorgeous, 3 bedrm 1.5 bath home East of the canal featuring a beautiful sun drenched sunroom with a woodburning stove large EIK with attached diningroom that opens up to a warm and inviting Livingroom with a cozy fireplace. 2 car detached garage w/workshop/electric and loft area great space for the hobbyist large backyard on corner lot plenty of room for gardening/entertaining 2 sheds full basement this home is a short bike ride to Point Beaches local shops restaurants commuter train

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Fielding a Lowball Purchase Offer on Your Home

Thu, 21 Oct 2010 10:02:23 -0700

Fielding a Lowball Purchase Offer on Your Home

Consider before you ignore or outright refuse a very low purchase offer for your home. A counteroffer and negotiation could turn that low purchase offer into a sale. Read

Visit houselogic.com for more articles like this.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

New Waterfront Homes Crafted With Pride By Bucchino General Contracting.

Fri, 15 Oct 2010 18:58:38 -0700

4 Mary Jeanne Lane
Manahawkin, NJ 08050
Beach Haven West New Construction

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Co-listed by:

Eileen Murphy

Prudential Zack Shore Properties

Tollfree:	800-594-3315
Website:	Visit Website

Price	:	$654,900
Bedrooms	:	4
Bathrooms	:	2.5
Square Foot	:	2,200
County	:	Ocean
Property Type	:	Detached
Year Built	:	2010
MLS Number	:	3044687

click for more information and pictures

Property Description

Gorgeous WATER VIEWS from every window in this custom built contemporary home! abound with architectural details this home features 4 bedrooms, 2.5 baths, dramatic 2 story great room w vaulted Ceiling,stone fireplace, 2nd floor leisure room, sensational gourmet kitchen w top of the line appliances, 1st floor master suite with stunning master bathroom, seconds to the open bay! Quality construction by local builder! too many upgrades to list a must see!!!!

Features List

Ist Floor Master Bed	4 Bedrooms	2.5 Baths
Vaulted Ceilings	Fireplace	Garage
Waterfront	Deck	Dock

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

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Walter Blvd
Manahawkin, NJ 08050
Waterfront New Construction Built With Pride

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Co-listed by:

Eileen Murphy

Prudential Zack Shore Properties

Tollfree:	800-594-3315
Website:	Visit Website

Price	:	$664,900
Bedrooms	:	4
Bathrooms	:	2.5
Square Foot	:	2,100
County	:	Ocean
Property Type	:	Detached
Year Built	:	2010
MLS Number	:	3044691

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Property Description

New Construction Waterfront (To Be Built) Gorgeous custom built colonial style home! Abound with architectural details this home features 4 bedrooms, 2.5 baths, sensational gourmet kitchen with center island and top of the line stainless steel appliances, master suite with stunning master bathroom, second floor leisure room, nice sized deck for your outside enjoyment. Second to the open bay and LBI! Quality construction crafted by local builder. $15,000 in upgrade if purchased preconstruction.

Features List

4 Bed	2.5 Bath	Gourmet Kitchen
Garage	Deck	Dock
Waterfont	Close To Bay	Stainless Steel Appl

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Newest Home From Meurer Development GREEN Living on the Jerseyshore at it best!!

Fri, 15 Oct 2010 18:50:53 -0700

12 Clarence Dr
Stafford Twp, NJ 08050
Custom Energy Efficient Water Front Home!

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Price	:	$682,500
Bedrooms	:	3
Bathrooms	:	2
County	:	Ocean
Property Type	:	Detached
MLS Number	:	R3043409

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Property Description

Use LESS ENERGY, SAVE MONEY + HELP PROTECT THE ENVIRONMENT while enjoying all the benefits of GREEN living in this custom 3BR,2BA water front home. This ENERGY STAR certified home will include an ELEVATOR for added convenience. Fabulous master suite on its own level offers incredible views. Solar+geothermal complete the pkg making this both a money saving and money making home. This innovative home also includes a bulkhead and dock with quick easy access to the bay. Its truly GREEN living at its best! This will be ready in Mid August

Features List

2 Story Colonial	Solar	Dishwasher
Attached Garage	Elevator	Refrigerator
Flooring-CeramicTile	Balcony	Microwave
Flooring - Wood	Deco Molding	Electric Cooking
W/W Carpet	Eat-In Kitchen
Cooling -Central Air	Porch - Open
Geothermal	Dock

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Sunday 10/17 Open House Manahawkin Waterfront Noon to 4pm

Fri, 15 Oct 2010 17:59:02 -0700

83 David Dr.
Manahawkin, NJ 08050
PRICE REDUCED USE LESS ENERGY, SAVE MONEY

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Co-listed by:

Eileen Murphy

Prudential Zack Shore Properties

Cell::	732-239-0257
Website:	Visit Website

Price	:	$299,900
Bedrooms	:	3
Bathrooms	:	1
Lot Size	:	4,000
County	:	Ocean
Property Type	:	Detached
Year Built	:	1965
MLS Number	:	3043646

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Property Description

USE LESS ENERGY, SAVE MONEY This ranch has income producing solar electricity What a great deal a water front home with virtually no utility bills. Average electric bill is $12 per month. Owner earnes over $3000 per year selling power back to utility company.This lovely home features 3 bedrooms 1 bath large nice size three season room great for entertaining it is located in desirable beach haven west just minutes to LBI great home for boating fishing crabbing and all from the privacy of your own back yard. *Seller have decided to replace roof, $7,500.00 credit for roof repairs if you wish to close before replacement begins.

Features List

3 Bed	1 Bath	Solar Pannels
Low Electric Bill	Waterfront	Close To LBI
Dock

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

OPEN HOUSES 10/16 Noon to 4pm Manahawkin Waterfront

Fri, 15 Oct 2010 17:47:32 -0700

1435 Paul Blvd
Stafford Twp, NJ 08050
Waterfront! Gorgeous Custom Designed Retreat

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Price	:	$769,900
Bedrooms	:	5
Bathrooms	:	3
Square Foot	:	2,900
County	:	Ocean
Property Type	:	Detached
Year Built	:	2009
MLS Number	:	3045178

click for more information and pictures

Property Description

Waterfront! Gorgeous custom designed retreat with endless water views just minutes to the open bay this home features 2900 sq ft 5 bds 3 full baths open floor plan 1st flr private bedrm bath great for those special guest Gorgeous kitchen w/seashore blue granite counter tops extra lrg center Island 2nd flr-3 BRs/1 bath huge loft area great space for family rm 3rd flr-Master Suite w/roof top deck w/bay views! 3 tier maintenance free deck Vinyl bulkhead outdoor shower minutes to LBI!!

Features List

5 Bedrooms	3 Bathrooms	50' x 80' Lot
Vinyl Siding	Deck	Outdoor Shower
Granite Countertops	Deco Molding	Stain Glass Windows
Fenced Yard	Awning	Dock
Deco Molding	Jetted Tub	Recessed Lights

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

20 Shirley Ln
Stafford Twp, NJ 08050
Custom Energy Efficient Water Front Home!

Curtis Lee

Broker~Salesperson

Office:	(609) 597-6464
Mobile:	(609) 709-2866
Website:	Visit Website

Price	:	$669,900
Bedrooms	:	4
Bathrooms	:	3.5
County	:	Ocean
Property Type	:	Detached
Year Built	:	2009

click for more information and pictures

Property Description

USE LESS ENERGY, SAVE MONEY + HELP THE ENVIRONMENT while enjoying all the benefits of GREEN living in this NEW 4BR, 3.5BA waterfront home. It is ENERGY STAR certified for windows, insulation + apps, and uses a geothermal system to heat, cool + purify its environment. Solar panels complete the package making this both a $saving + $making home. This innovative home also includes a new bulkhead + dock with easy access to the bay for the boating enthusiast. Its truly GREEN living at its best at the Jersey Shore!

Equal Housing Opportunity.

Prudential Zack Shore Properties : 675 Route 72, Suite 1006S - Manahawkin NJ 08050-3501 : (609) 597-6464

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

Make Your Offer Stand Out

Mon, 11 Oct 2010 20:16:58 -0700

By Curtis Lee
The Murphy-Lee Team
Prudential Zack Shore Property

Real estate consumers are realizing that there has rarely been a better time to buy a home. In fact, historically low mortgage rates coupled with lower home prices have even sparked bidding competition in markets around the country.

A good home in a solid location may attract ample attention only hours after being listed. Home buyers can make their offers stand out from the rest through one or more of the following strategies:

Price. Obviously, price tends to be the primary consideration for sellers. When you're competing for a home, to get an edge, think about adding a clause stating that you will beat the highest offer by "x" dollars up to "x" amount. Cash offers can be more attractive to sellers as well. Although sellers will receive their money at closing whether buyers pay with cash or take out a loan, cash offers don't require lender approval.

Financing. It's not enough to be pre-qualified. Pre-qualification only tells how much you can afford. Pre-approval goes a step further. Your lender will thoroughly evaluate your application-including verifying employment information and financial disposition-then clear you for a loan of a determined amount. Having your loan pre-approved gives you a sizeable advantage by putting you on equal footing with cash buyers.

Good Faith Deposit. Buyers offering a larger-than-customary amount of "earnest money," a deposit that accompanies an offer, may get a seller's attention. By committing more money up front, buyers demonstrate greater sincerity and motivation to close the transaction. Your real estate professional can guide you as to the appropriate sum for your specific transaction.

Contingencies. Consider minimizing contingencies, those clauses that allow buyers to back out of a contract if certain conditions are not met. For example, it's common for buyers to make the purchase contingent upon their securing satisfactory financing. Obviously, offers with the fewest conditions tend to be more attractive to sellers.

From a contingency standpoint, first-time buyers are often better prospects for a seller's home than move-up buyers. That's because first-time buyers' offers are not contingent upon the sale of a present home. Even if a move-up buyer has an offer in hand, that buyer's offer may be contingent on another contingency, and so on down the line. If one transaction derails, they all might.

Relationship. Help the seller get to know and identify with you by looking for ways to connect. Find common interests, such as a shared appreciation of gardening. You can then persuade the seller that her prize roses will be well tended. Share brief family stories. The more the seller gets to know and like you, the better chance your offer will stand out in a competitive environment.

Considerations for Short-sale and Foreclosure Transactions - Bank-owned properties represent a significant portion of today's housing inventory. Competition can be most keen for these homes as their prices can run 10% to 20% below current market value.

Banks conduct extensive research to set these prices and generally base them on current market value less the cost of required repairs. Make your offer based on your own check of comparable sales and other due diligence. Banks won't get offended by a low offer, yet a realistic offer will more likely keep you in the running.

Remember, patience is essential when buying bank-owned property as the process can take up to six months and longer.

Work with The Murphy-Lee Team your local Real Estate sales professional to buy your dream home or investment property. Our knowledge, skill and expertise will help you make sound real estate decisions today or any other time.

Curtis Lee & Eileen Murphy
Curtis' Office: 609-597-6464
Curtis' Cell: 609-709-2866
www.MurphyLeeTeam.com

Eileen's Office: 609-693-1055
Eileen's Cell: 732-239-0257
www.MurphyLeeTeam.net

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Make Your Offer Stand Out