jerseyshore homes for sale: Mortgage Points: To Pay or Not to Pay
- 06/26/11 12:56 PM
By: Curtis LeeThe Murphy-Lee TeamPrudential 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 … (2 comments)
jerseyshore homes for sale: Tax Tips
- 02/10/11 11:08 AM
(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. … (1 comments)
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 … (0 comments)
jerseyshore homes for sale: First-Time Homebuyers Face the Opportunity of a Lifetime
- 12/11/10 12:48 AM
By Curtis LeeThe Murphy-Lee TeamPrudential 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 … (3 comments)
Prudential Real Estate Ranked Highest for Seller Satisfaction in J.D. Power and Associates’ 2010 Home Buyer/Seller Study Ocean County, NJ – Prudential Real Estate and Relocation Services, a Prudential Financial, Inc. [NYSE: PRU] company, and The Murphy-Lee Team of Prudential Zack Shore Properties announced that Prudential Real Estate ranks “Highest Overall Satisfaction for Home Sellers Among National Full Service Real Estate Firms” in J.D. Power and Associates’ 2010 Home Buyer/Seller StudySM. The study measures customer satisfaction of home sellers and buyers with major national real estate companies. Overall satisfaction is determined by examining four factors for the home-selling experience: … (0 comments)
In the sales contract, the sellers of your new home agreed to leave the custom blinds, refrigerator, built-in entertainment system and those fine cabinets and workbench in the garage. But when you show up on moving day, all of those amenities are long gone. Moreover, the lock on the back door is broken; there is a huge gouge in the drywall near the front bathroom. Although these circumstances are extreme, they could happen, which is why it is important to have a final inspection of the home you are purchasing … (4 comments)
jerseyshore homes for sale: Thinking About Going Solar?
- 07/30/10 01:34 AM
Heating From The SunThe process of heating your home with the sun is hardly new. Since the dawn of humankind the sun has been used to provide needed warmth. But modern technology has completely transformed the way that can be done, even from the methods used a few generations ago.In the 1920s some municipalities supplied hot water to homes by large storage tanks that were heated by the sun. As the unit cost of electricity and gas decreased, such applications became relatively too expensive to compete. But old ideas often become new again, with a twist. Modern hot water heating systems … (0 comments)
jerseyshore homes for sale: Things to Look for When Buying Personal Real Estate
- 07/30/10 12:52 AM
Another article from our friends @ www.SouthJerseyMortgageGuys.com Chuck & Frank of Nothern States Funding Group, the preferred leander of the Murphy-Lee Team. There are all kinds of things you will want to consider when buying the real estate that your family will call home. The problem is that far too many get caught up in the small or cosmetic details of the purchase and search that they forget the primary needs of the family in the process. Keep the following things in mind when considering real estate purchases and you are much more likely to be happy with your decision a … (1 comments)
jerseyshore homes for sale: Get Your Home Sold
- 07/06/10 01:49 PM
(New!) 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 Keep Your Home Sale from Falling Apart After finding a buyer, all you have to do to make it to closing is to avoid these five traps. Read 6 Reasons to Reduce Your Home Price While you’d like to get the best price for your home, consider our six reasons to reduce your home price. Read 6 Tips for Choosing the Best Offer … (1 comments)
jerseyshore homes for sale: Second Homes Make Sense for Many in the Current Market
- 07/02/10 02:06 PM
By Curtis LeeThe Murphy-Lee Team of Prudential Zack Shore Properties If you're a late "Boomer" or a "Gen X" or "Gen Y'er," you're likely looking for a place to position assets given the extreme volatility of U.S. equity markets and paltry returns of money market instruments and other safe havens. Real estate, even through the market downturn, has long been considered a conservative, long-term strategy to growing wealth. Better yet, lower home prices across America and record-low mortgage rates have created an historic buying opportunity for real estate including second/vacation homes. It's a "ground floor" opportunity that comes with doors, … (0 comments)
jerseyshore homes for sale: Benefits of Flipping Real Estate
- 07/01/10 08:20 AM
Another great articel from our friends at www.SouthJerseyMortgageGuys.com. Nothern States Funding Group The Prefered Lender Of The Murphy-Lee Team The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not the only benefit that can be associated with flipping real estate though it is certainly the one on most investors' minds when they get into this … (0 comments)
jerseyshore homes for sale: Keep Your House Cool this Summer
- 06/17/10 01:02 AM
As the temperatures continue to rise this summer, so does the cost of keeping your home cool. While homeowners across the country come to depend on air conditioners to keep the temperature down during the warm summer months, there are other options that will keep you cool while keeping your energy bill low. Fans and ceiling fans-If you're looking for ways to beat the heat, a ceiling fan can be a great investment for your home. This one appliance can make a room feel 6 or 7 degrees cooler, and even the most power-hungry fan costs less than $10 a month … (3 comments)
jerseyshore homes for sale: Get Ready to Own
- 06/15/10 02:19 PM
Keep Your Home Purchase on Track You’ve found your dream home. Make sure missteps don’t prevent a successful closing. Read Understanding Real Estate Representation Whether you’re buying or selling, it’s important to choose representation that meets your needs in the transaction. Read 4 Tips to Determine How Much Mortgage You Can Afford By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read 7 Tips for Improving Your Credit Here’s how to clean up your credit so you get the least-expensive home loan possible. Read 7 Steps to Take Before You Buy … (0 comments)
Today's new homes boast exciting floor plans and designs tailored for specific lifestyles, complete with a huge array of features and appointments. They include energy efficient products and building techniques, reducing buyers' utility bills. Of course, new-home consumers love that their properties, from roofs to appliances, will not need replacement for many years.
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