Nancy M.Alexander Luxury Sales and Rentals Stone Harbor and Avalon New Jersey

Stone Harbor Luxury and Affordability...Together At Last!!

2008-08-18T15:44:05Z

Stone Harbor New To Market Corner of 101st and Second Avenue.Gorgeous Home!

The Majestic House on the corner of 101st Street and Second Avenue, the one you have admired every time you have driven by, is FOR SALE. Its wonderful curb appeal and "center of Stone Harbor" location invites you inside where you will find an open, spacious, warm interior decorated with taste, style and color. Its traditional floor plan with first floor master suite make this house appealing to those who'd rather not face constant stair climbing. Built by Craig Otton, it has hardwood floors, built in bookcases and cupboards, gas fireplace, a kitchen with the most beautiful color of granite countertops and huge center island as a few of the amenities. The fabulous front porch allows you to sit and rock your cares away surrounded by those gorgeous hydrangeas. Upstairs there are two additional bedrooms and bath PLUS a second master suite with bath with whirlpool tub, the laundry room and two front decks. Immaculate inside, the home looks as if it hasn't been lived in. Outside it is a short hop to the beach with a Gazebo, the playground, shopping and dining. No need to use a car here. This is a house that lives up to its name , you "Chill Out" in its presence. NOTE that the house is wheelchair accessible, but the exterior lift will be removed by the owner should the buyer not want it. The home comes fully furnished and equipped with just several exceptions. Contact the agents for the list of exceptions.

http://stoneharboravalonrealtor.vflyer.com/home/flyer/slideshow/1850865

Beach Front Home Stone Harbor Available !

2008-08-03T15:58:05Z

Nancy M. Alexander

800.708.5792

www.StoneHarborRealtor.com

Coldwell Banker James C. Otton Real Estate

5 101st Street, Stone Harbor, NJ
Beach Front Home in Stone Harbor! Close to all the Shops,Restaurants and Movies.

5BR/5BA Single Family House

offered at $3,900,000

Year Built	1985
Three stories high!
Bedrooms	5
Bathrooms	5 full
Floors	3
Parking	off street for 2
Lot Size	63x80

DESCRIPTION

REMARKS
ON THE WATERFRONT! Enormous living space here. Family friendly layout is perfect for relaxed lifestyle and large family with lots of room to spread out.And views from everywhere! Views from living room, dining area and all the bedrooms. And four of the five bedrooms has its own bath. Stone Harbor ishome to the most beautiful stretch of beach you will find anywhere and it's right at your front door! From this convenient location you can walk to terrific restaurants.
Or, you can ride a bike or take a drive to the boutiques, shops, and Harbor Theater on 96th street. Or to Springer's for ice cream. Play tennis? The courts arejust blocks away. From here, you are close to everything. There is no shortage of golf courses nearby. Ten miles to the south is historic Cape May, (a fun daytrip!) And you are just 35 minutes to the blackjack tables in Atlantic City! This beach house is perfectly positioned for those wanting to do everything; or notmuch at all. Life is Good Here at The Beach!

Living area

Stone Harbor 4 bedroom Townhome With Unforgettable Bay View.

2008-08-03T15:02:38Z

345 86th Street, Stone Harbor, NJ	send this to a friend
Four Bedroom Stone Harbor Townhome With Bay Views!!	print this page

4BR/2.5BA Townhouse

offered at $999,900

Year Built	1994
Sq Footage	Unspecified
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	Unspecified
Parking	2
Lot Size	Unspecified
HOA/Maint	$0 per month

DESCRIPTION

Happiness Lives Here!!! If your wish list includes Rest Relaxation, and Recreation, this is for you. Relax on the deck, open some wine, and enjoy theunforgettable sunsets and bay views. Snuggled peacefully by the bay, just moments to the beach, local boutique shops, restaurants and there is no shortageof golf courses nearby. Whether fishing, beach combing or the slower pace of a relaxed Sunday afternoon lunch on your deck is your style, you are going to love it here!
Everything is here. Just Bring your Flip Flops.

Bay View

click on thumbnail to enlarge

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
High/Vaulted ceiling	Tile floor	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard

OTHER SPECIAL FEATURES

Close To Stone Harbor Yacht Club

Seller contact info:

Nancy M. Alexander CRS,ePRO,GRI

Coldwell Banker James C. Otton Real Estate

800.708.5792

www.StoneHarborRealtor.com

Prestigious Pelican Drive Avalon Bayfront Home with 3 boatslips Now Available!

2008-08-03T14:56:16Z

Nancy M. Alexander CRS,ePRO,GRI

call Nancy at 800.708.5792

Coldwell Banker James C. Otton Real Estate Stone Harbor,New Jersey

23 Pelican Drive, Avalon, N.J.
Prestigious Pelican Drive in the Lagoons of Avalon,N.J..

4BR/2.5BA Single Family House

offered at $2,495,000

Year Built	1979
beautiful setting
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	9,300 sqft
HOA/Maint	$0 per month

DESCRIPTION

Live Here. Live Happy! Prestigious Pelican Drive. Inviting and comfortable. Soak up the fun of bayfront living! Screened porch. Party size deck. 3 Boat Slips.You can be anywhere downtown in about 5 minutes. Recent renovations include New Roof 2007, New Heater 2008, New Bulkhead. Being Sold partially furnished.

Total Relaxation Right Here!

PROPERTY FEATURES

Central A/C	Central heat	Hardwood floor
Tile floor	Living room	Dining room
Dishwasher	Refrigerator	Stove/Oven
Microwave	Washer	Dryer
Laundry area - inside	Sreened Porch ,Party size deck for entertaining.

OTHER SPECIAL FEATURES

3 Boat slips! Bulkhead almost new.

www.StoneHarborRealtor.com

Here's the Avalon Market Update For July 2008.

2008-08-02T09:44:12Z

Here's the Avalon market update for July 2008.

Snapshot of Avalon Sales Activity July 2008

Here's the Avalon market update for July 2008. Lots of Sales Activity in July!!

Seven single family homes are Under Contract in the month of July 2008 with listed price ranging from $1,095,000 up to $4,699,000. The average time on the market for these homes is 293 days.

Two single family home Sold and went to settlement this month. One of these homes was a 3 bedroom, 1 bath furnished home on a 50x10 lot which had been listed for $999,999 and SOLD for $929,000 after 375 days on the market .

The second home SOLD was a 4 bedroom, 3.5 bath beach block home which was listed for $2,345,000 and SOLD for $2,100,000 and was on the market for 667 days.

Right now there are 223 single family homes on the market in Avalon ranging in price from $699,000 to $11,900.The average time on market is 268 days.

There are now 171 condos for sale in Avalon ranging in price from $185,000 up to $2,200,000 and the average time on market is 109 days.

Nineteen condos are Under Contract in Avalon in July. These range in price from $265,000 up to $1,595,000.

Two condo units Sold and settled in Avalon in July. One listed for $779,000 SOLD for $700,000 after 196 days on the market, and second one had been listed for $929,000 and SOLD for $820,000 .This had been on market 177 days.

What does all this mean to you as a Buyer? It has NEVER been a better time to make the deal of your dreams! Come On Down!

Cell:609.425.7521

http://stoneharborrealtor.com/

Snapshot of Stone Harbor Sales Activity July 2008

2008-08-01T15:13:52Z

Snapshot of Stone Harbor Sales Activity July 2008

Here's the Stone Harbor market update for July 2008.It is picking up a bit!

Nine single family homes are Under Contract in the month of July 2008 with listed price ranging from $849,000 up to $2,395,000. The average time on the market for these homes is 322 days.

Two single family home Sold and went to settlement this month. One of these homes was a 4 bedroom, 3 bath beautifully furnished home with a pool (new construction) which had been listed at $2.195,000 and SOLD for $1,790,000.This has been on the market for 853 days.

The second home SOLD was a 4 bedroom, 3 bath home on the bay with a boat slip. This home had an oversize 75x 100 foot lot. This had been listed for $2,950,000 and SOLD for $2,700,000 and was on the market for 236 days.

Right now there are 113 single family homes on the market in Stone Harbor ranging in price from $495,000 to a whopping $6,500,000.The average time on market is 248 days.

There are 79 condos for sale in Stone harbor ranging in price from $180,000 up to $1,899,000 and the average time on market is 252 days.

Two condos are Under Contract in Stone harbor in July. One is a two bedroom bay front condo listed for $749.900 which has been on the market for 192 days.

The second condo Under Contract is a one bedroom unit listed for $325,000 which had been on the market only 48 days.

What does all this mean to you as a Buyer? It has NEVER been a better time to make the deal of your dreams! Come On Down!

www.StoneHarborRealtor.com

Stone Harbor Beach Front home available 3 weeks in August !

2008-07-28T06:25:19Z

This has been a banner year for rentals. Even in tough times, people will not give up their vacation at the shore. Stone Harbor is just a few hours drive from Philadelphia, New York and Maryland. Come see us!

If you want to take a last minute vacation,we do have places still available depending on the weeks you need. Please call 800.708.5792

We have a huge 4 bedroom,5 bath beach front home with August weeks still available. Please take a look at the pictures on my website or give me a call for more information.

Enormous living space here!family friendly layout is perfect for relaxed lifestyle.Lots of room to spread out.And views from everywhere! See the ocean from living room,dining room,all the bedrooms..and 4 of the 5 bedrooms has its own bath.Stone Harbor is home to the most beautiful stretch of beach you will find anywhere,& here,it's right at your front door!From this location you can walk to terrific restaurants.Or you can ride a bike or take a drive to the shops on 96th street.Play tennis? The courts are just blocks away. And you are just 35 minutes to the blackjack tables in Atlantic City.Life is Good here at The Beach!

www.NancyMAlexander.com

Stone Harbor and Avalon Real Estate Sales Activity in The Month of June 2008

2008-07-06T13:32:33Z

Stone Harbor and Avalon Real Estate Snapshot of Real Estate Sales Activity in The Month of June 2008

There are now 100 single family homes on the sale market in Stone Harbor ranging in price from $495,000 up to a whopping $6,500,000. Average time on the market is 250 days.

There were four single family homes which Sold and settled in June with prices ranging from $847,000 to $1,830,000. Average time on the market =263 days

3 single family homes in Stone Harbor went Under Contract in June with price ranging from $849,000 to $1,999,000

There are now 72 Condo/Townhomes for sale in Stone Harbor priced from $225,000 up to $1,899,000 .The average time on the market is 252 days.

2 Condo/Townhomes Sold and settled in June .These Sold for $628,000 and $787,000

One condo went Under Contract in June .This is listed at $749,000 and was on the market for 192 days.

Avalon

There are now 218 single family homes on the sale market in Avalon.

7 single family homes SOLD and Settled in June with prices ranging from $995,000 to $4,300,000. Average time on market =269 days

One single family home went under contract in Avalon in June priced at $1,399,000

There are now 100 condo/townhomes for sale in Avalon ranging from $185,000 to $2,495,000.Average time on the market is 267 days.

6 condos in Avalon went Under Contract in June with prices ranging from $394,990 to $1,499,500

4 Condos SOLD and Settled in June. These ranged in price from $677,500 to $1,451,500.Average time on the market was 457 days.

What a Difference Summer Makes in Cape May County Population!

2008-06-05T13:39:19Z

Swelling Summer Populations

It's not just the barrier island resort towns that see their populations swell each summer. This chart compares U.S. Census Bureau estimates of the year-round population for Cape May County towns with estimates of summer populations from the county planning board.

Town Year Round Population Summer Population

Avalon 2,125 34,690

Cape May 3,809 45,913

CapeMayPoint 230 42,060

Dennis Twp 5,907 36,008

Lower Twp 20,785 99,260

Middle Twp. 16,379 68,987

N.Wildwood 4,803 66,201

Ocean City 15,124 139,000

Sea Isle City 2,949 46,148

Stone Harbor 1,039 23,438

Upper Twp. 11,363 44,342

W.Cape May 1,007 8,590

W.Wildwood 408 7,022

Wildwood 5309 70,067

Wldwd.Crest 3979 53,986

Woodbine 2508 9,338

Cape May County 97,724 757,250

Stone Harbor and Avalon Real Estate Sales Activity for Month of May

2008-06-03T10:52:57Z

Stone Harbor and Avalon Real Estate Snapshot of May Real Estate Sales Activity

Stone Harbor MLS statistics show 110 single family homes are now on the sale market with prices ranging from a low of $495,000 to high of $6,150,000.

4 single family home SOLD and settled in May including one listed at $4,895,000.

Average days on the market =210 days.

There are now 5 single family homes Under Contract ranging in listed price from $950,000 to $1,199,000.

Average days on the market for these single family homes =245 days

There are now 69 condominiums/town homes now on the sale market in Stone Harbor ranging from a low price of $225,000 up to $1,899,000.The average time on the market is 244 days.

There were 3 Stone Harbor condos SOLD and settled in May selling for price ranging from $495,000 to $999,000.The average time on the market was 267 days..

There are now 3 Stone harbor condos Under Contract ranging in price from $689,000 up to 4877,000. The average time on the market is 423 days.

Avalon Real Estate Sales Activity in the Month of May

Avalon MLS facts show right now there are 210 single family homes for sale ranging from a low of $699,000 up to a whopping $11,900,000

There are now 10 Avalon single family homes Under Contract ranging in price from $999,000 up to $3,095,000.Average days on the market =340 days

15 Avalon single family home SOLD and Settled in May ranging in SOLD price from $675,000 up to $6,500,000.Average days on the market for these homes =237 days

There are now 154 condominium/ town homes for sale in Avalon. These range in price from $185,000 to $2,495,000.The average time on the market for these condos is 259 days.

There are 4 Avalon condos now Under Contract with listed prices from $695,000 to $899,000.Average time on the market for these units is 513 days.

6 Avalon condos have SOLD and settled in May with Sold prices from $585,000 up to $1,500,000.The average days on the market was 299 days

Stone HarborNBC News

http://www.stoneharborbeach.com/bb.asp?view=detail&BBID=40

Here is a clip from NBC news showing lots of the local spots here in Stone Harbor. The price of gas has not had an effect on vacation travel here.

Explore The Shore! Come To Stone Harbor New Jersey!

Beautiful beaches and gentle surf combined with fine shopping ,great restaurants and exciting nightlife for a great vacation escape. Visitors return to Stone harbor throughout the summer and during the quiet season for peaceful and relaxing vacations. Some of the finest accommodations are found right here in Stone Harbor! You won't see the high rise builidngs on the beach that you may find a little further north. You will be happy to see mostly grand single family homes here in Stone Harbor.There are very few hotel/motels

Some of the finest accommodation

Come enjoy our seashore resort on beautiful Seven Mile Island During your stay in Stone Harbor, you will be impressed with our small town charm, with our quaint shopping district, and with our area's exceptional restaurants. It's a town you'll tell your friends about ... It's a town you'll remember and want to return to.

Bordered on the East by the Atlantic Ocean and on the West by the Intercoastal Waterway,Stone Harbor offers wonderful opportunities for family vacation fun. Come visit!!

www.NancyMAlexander.com

Preparing To Sell In Stone Harbor or Avalon in The Spring

2008-04-08T11:49:55Z

Preparing To Sell In The Spring

Selling In Stone Harbor or Avalon in The Spring

What is The Secret Behind the Sale?
What is The Winning Formula? Maybe Patience and Willingness To Negotiate. So how are Successful Sellers doing it? The basic formula to getting to a SOLD sign in a buyer's market would be.....

#1- listen to your Realtor and Pay attention to the recent comps .

#2 -Price it right

#3 comes location, and the condition of the property.

And Patience, Lots and Lots of Patience!
Yes! Location, condition and price are key factors. Plus, patience and willingness to negotiate are absolutely essential. You have to keep remembering it is a buyer's market! A seller needs to set the price correctly from day one. What is your bottom line? What's your strike price? Something to think about....If you want to get your property Sold, Don't be greedy. Other sellers who set their price correctly now have contracts.

You hear on the news about the sluggishness in the real estate market. It's real. There are more listings available to buyers than any time in recent history. Here in Stone Harbor, there are 123 single family homes for sale. That represents more than a 4 years of inventory. Six homes managed to go under contract since the first of the year, and nine single family homes have Sold and settled. Average listed price was $2,933,655,and average Sold price was $2,584,740. And average time on the market was 187 days.

In Avalon there are now 216 single family homes now on the sale market with n average price of $2,282,007 and average time on the market is 247 days. Eight single homes have Sold since the first of the year, and right now there are 23 single family homes under contract!

What does all this mean?

Deal With Reality.....Buyers are now buying the best for their money. If you are getting showings and no offer after 30 days,take a deep breath and reduce your price!

Adapt. Be Ready To negotiate. Buyers today know the comps and they want the best deal.

What Your neighbor Sold his place for two years ago is not relevant. And has nothing to do with market value today. The recent comps are market reality.

Presentation. Have your house ready to be shown at its best. Have it sparkling! You never get a second chance to make a first impression!

Does your house have curb appeal? What can you do to make it more inviting so that a buyer will want to come inside? How about your lawn? Have your lawn and garden spruced up too. Think about planting some colorful flowers out in the front of your house.

Have your house sparkle when you put it on the market..Investing in touch-up paint, carpet cleaning,(or even new carpet) and even professional staging when necessary yields a big return on investment If you do not have the knack to do it yourself, pay a professional stager. It's money well spent, and your home will be worth more in the long run. Buyers are picky.

Patience. We have no idea what the next few months will bring, but we do know the market was overheated and is now undergoing a correction. All the negative press created has fear and fear can be infectious.

However, MLS facts show recent flurry of sales made in both Stone Harbor and Avalon. There are smart buyers who realize that here at the Shore the timing is perfect to jump in. Let's hear it for all those who followed their gut feelings and are now under contract. They realize that NOW is the time to cut a really good deal!

A 5 year Look Back at Home Sales in Stone Harbor and Avalon N.J.

2008-04-03T18:31:41Z

Let's Put it In Perspective. Let's Take a Look at The Numbers of Single Family Home Sold For The Past 5 Years In Both Stone Harbor and In Avalon

Single Family Homes Sold Stone Harbor Avalon

2007 60 99

2006 43 106

2005 80 160

2004 97 217

2003 86 138

From January 1,2008 to April 3,2008 , 25 Single family homes have Sold in Avalon,and 9 Single family homes have Sold in Stone Harbor.

Not so terrible.

Stone Harbor & Avalon Homes SOLD and Under Contract in March.Things Are Moving Again!

2008-04-01T12:55:16Z

Stone Harbor Real Estate Snapshot March Sales Activity

There are buyers stepping up and making some really good deals in both Stone Harbor and in Avalon.here are the MLS facts...

Stone Harbor Single Family Homes Sold and Under Contract March 2008

MLS Statistics show 6 single family homes went under contract this month with list prices ranging from $1,595,000 up to a hefty $3,795,000 .

Two single family home went to settlement this month .A three bedroom, 2 bath home listed for $989,000 on a 55x60 lot sold and settled for $925,000 on 3/28/08 . This had been on market 74 days.

Another four bedroom, two bath single on a 50x110 lot family home listed for $1,649,000 Sold and settled 3/22/08 for $1,555,000. This had been on market 160 days

Stone Harbor Condo/ Townhomes Sold and Under Contract March 2008

Two condos went under contract this month.A three bedroom ,two bath beachfront condo with an indoor pool listed for $985,000,and a new four bedroom,3.5 bath condo listed at $1,150,000 also is now under contract.

A two bedroom, one bath condo listed for $399,000 SOLD for $380,000.This was on market 41 days

Avalon Real Estate Snapshot March Sales Activity

Avalon Single Family Homes Sold and Under Contract March 2008

Ten single family homes went under contract this month ranging in price from $875,000 all the way up to $4,695,000

Nine Avalon single family home went to settlement this month

A 3 bedroom,1 bath home on a 40x100 lot, listed for $595,000 sold for $560,000 .This was on market 400 days.

A 3 bedroom,2 bath home on a 50x110 lot which was listed for 4890,000,SOLD for $850,000.had been on market 59 days

A 3 bedroom, I bath home on a 60x111 lot listed for $1,149,000 SOLD for $950,000.This was on market 352 days

A 4 bedroom,2 bath home on a 50x110 lot listed for $1,199,000 SOLD for $$1,050,000.This was on market 401 days

A 3 bedroom,1 bath home on 60x110 lot which was listed for $1,275,000,SOLD for $1,225,000.This had been on market 313 days

A 6 bedroom,4 bath home on a 60x110 lot which was listed for $1,595,000,SOLD for $1,460,000.This was on market 134 days

A 5 bedroom,5 bath home on a 60x110 lot which was listed for $1,625,000 SOLD for $1,500,000.This was on market 56 days.

A 5 bedroom,3 bath home on a 60x110 lot which was listed for $2,190,000 SOLD for $1,912,500 after 215 days on the market

A 5 bedroom,3 bath home on a 100x110 lot listed for $4,750,000 SOLD for $4,200,000 after 397 days on the market

Avalon Condo Townhomes Sold and Under Contract March 2008

Two condos in Avalon went under Contract this month.

A 5 bedroom,3.5 bath condo listed for $775,000 is under contract after 71 days on market.

A 5 bedroom,4 bath condo listed for $1,595,000 is also under contract after 1037 days on the market

Five condos in Avalon SOLD and Settled in March

A 3 bedroom.2.5 bath condo listed for $775,000 SOLD for $775,000 after 378 days on market

A 4 bedroom,2.5 bath condo listed for $995,000,SOLD for $965,000 after 450 days on the market

A 5 bedroom,4 bath condo listed for $1,289,000 SOLD for $1,187,000

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,387,000 after 609 days on the market

A 4 bedroom,4 bath condo listed for $1,650,000 SOLD for $1,500,000 after 38 days on market

Stone Harbor Real Estate Is Selling Again!

2008-03-30T16:57:19Z

Wow. I am not sure if it is the spring weather that motivated people to drive down to the shore, but my office was buzzing with rental and sale activity all week-end. A couple of contracts were written.Things are breaking loose.Agents in other offices on this island were very busy too. Let's hope this continues and happy days come back and stick around for a while.

How is business where you are? Are things picking up?

Not At All Real Estate Related...But Something We Can All Use.

2008-03-29T17:58:50Z

For a Happier and Healthier 2008

1. Take a 10-30 minute walk every day. And while you walk, smile. It is the ultimate anti-depressant.

2. Sit in silence for at least 10 minutes each day.

3. Buy a DVR and tape your late night shows and get more sleep.

4. Be the change you wish to see in the world.

5. Live with the 3 E's -- Energy, Enthusiasm, and Empathy.

6. Play more games and read more books than you did in 2007.

7. Make time to practice meditation, and prayer. They provide us with daily fuel for our busy lives.

8. Spend time with people over the age of 70 and under the age of 6.

9. Dream more while you are awake.

10. Take the first step in faith.You don't have to see the whole staircase.just take the first step.

11. A little rebellion now and then is a good thing.

12. Try to make at least three people smile each day.

13. Clear clutter from your house, your car, your desk and let new and flowing energy into your life.

14. Don't waste your precious energy on gossip, OR issues of the past, negative thoughts or things you cannot control. Instead invest your energy in the positive present moment.

15. Realize that life is a school and you are here to learn. Problems are simply part of the curriculum that appear and fade away like algebra class but the lessons you learn will last a lifetime.

16. Eat breakfast like a king, lunch like a prince and dinner like a college kid with a maxed out charge card.

17. Smile and laugh more. It will keep the NEGATIVE BLUES away.

18. Life isn't fair, but it's still good.

19. Life is too short to waste time hating anyone.

20. Don't take yourself so seriously. No one else does.

21. You don't have to win every argument. Agree to disagree.

22. Make peace with your past so it won't spoil the present.

23. Don't compare your life to others'. You have no idea what their journey is all about.

24. No one is in charge of your happiness except you.

25. Frame every so-called disaster with these words: 'In five years, will this matter?'

26. Forgive everyone for everything.

27. What other people think of you is none of your business.

28.REMEMBER GOD heals everything.

29. However good or bad a situation is, it will change.

30. Your job won't take care of you when you are sick. Your friends will. Stay in touch.

31. Get rid of anything that isn't useful, beautiful or joyful.

32. Envy is a waste of time. You already have all you need.

33. The best is yet to come.

34. No matter how you feel, get up, dress up and show up.

35. Do the right thing!

36. Call your family often. (Or email them to death!!!)

37. Face an insane world with laughter.You will either be thought a fool,and underestimated...or thought a genius and revered.

38. Remember that you are too blessed to be stressed.

39. The man who rows the boat generally doesn't have time to rock it.

Stone Harbor Avalon Vacation Rentals. Book On-line right here!

2008-03-26T12:16:58Z

Stone Harbor Avalon Vacation Rentals. Book On-line right here! Beachfront to Bayfront .We have a Huge inventory of vacation rental properties.If you have not yet booked your Stone Harbor Avalon vacation rental for next summer you might want to do it now. We still have a nice selection of properties available.And We still have some prime weeks open !
Simply visit my site Click here for a list.

http://nancymalexander.com/VacationRentals.htm

if you have questions,please call me at 800.708.5792.Look forward to hearing from you!

www.StoneHarborRealtor.com

Real Estate Shows Are All Over TV.

2008-03-24T18:28:46Z

Just read an article by Walt Baczkowski , CEO of the Metropolitan Consolidated Association of REALTORS, who remarked, "Real Estate has become entertainment." The more I think about it, the more I agree. Just check out local TV cable listings and you'll see shows like House Hunters , Flip That House, Home Makeover, Designed to Sell,, etc..

These days everyone is now about their favorite Real Estate show. We all have our favorites. I am a huge fan of these shows myself. My own personal favorite was the original "Flip This House "with Richard Davis of Trademark Properties in South Carolina. I stopped watching that show any more ever since A&E replaced the original with the copy-cat show on now. I don't care for the new show at all. Wish A&E bring back the original show with Richard Davis and Ginger Alexander, Lori and John .

These shows are fun to watch , and are also educating consumers through the home buying and selling process. Sellers are shown what to expect and get lots of blunt and candid tips about getting their home ready to be shown for sale .

Just recently I heard a great line on one of those shows .The Realtor said to the seller that "not staging your home for sale is like going to a job interview in your pajamas." Isn't that great? I love that line! And besides being funny, it is also very true. You only have one chance to make a good First Impression.

Spring In Stone Harbor

2008-03-23T07:14:15Z

I love Spring. Spring is all about hope and the promise of things to come. Trees are budding and flowers are beginning to bloom. And in MLS each morning for the past few weeks I see more and more "under contracts' showing up.

Stone Harbor is waking up from its winter sleep. In this resort town , if you pass another car on the road in the winter, the chances are it's another Realtor! There are not many people here in the winter. So It is always fun to see the town come back to life this time of year. With Easter coming so early this year, it brings families down sooner. All weekend the town has been packed. Real Estate offices were all busy. Lots of people out looking at property!

Have a Blessed and Happy Easter!

Life Is Good!

How About a Home Inspection? Do We Need One? You Bet!

2008-03-21T15:02:44Z

Just a few short Years ago, home inspections were virtually unheard of in a residential real estate transaction.
Buyers then would rely only on their own judgement of the home and the representations of the seller's real estate agent. Today it is a different ballgame. Dramatically different!
Included in the Agreement For sale is a clause giving the buyer the right to order one or more professional home inspections before completing the purchase.

Your Realtor will recommend several well-qualified home inspectors. Here are seven things you want to consider:

1. Qualifications. Ask open-ended questions about the inspector's training and experience as it relates to home inspections. The inspector should have some training in construction and building maintenance standards and a track-record of experience in the home inspection business. Depending on the location and age of the home, you may need to hire an inspector who's qualified to deal with asbestos, lead-based paint or other potentially hazardous substances. In some cases you may also require a structural engineer.

2. Exactly What Is Covered in This Inspection? .Make sure up front what is and is not covered in the inspection Ask the inspector which parts of the property are -- and are not - included in the inspection. Will this inspector check out the roof? How about the swimming pool? How about the built- in appliances?
A bay front property will need a separate inspection for the bulkhead.

3. Ask to see a sample of the report. Ask the inspector to provide a sample of his checklist or inspection report. Will his report include a narrative description or just check-off boxes? Is the information presented and explained clearly and completely? Does the report highlight and summarize any problems that could present a safety hazard?

4. References. Request names and telephone numbers of several homeowners who have used his services. Call those people . Wouldn't be a bad idea to talk to some people who have owned their home for a few months or longer. Some problems overlooked by an inspection can take a while to surface.

5. Qualifications. Is he licensed? Many good inspectors don't belong to a national or state association of home inspectors. However, all else being equal, an association membership is a plus. These groups provide their members with training and certification programs and up-to-date information about industry practices and inspection standards.

6. What happen If he misses something? Even top-notch inspectors are only human and can make errors or overlook problems they probably should have noticed. What is the company's policy in such situations? Does the company have insurance for errors and omissions? Will the inspector or his company stand behind the report? Many companies ask customers to sign a waiver limiting the company's liability to the cost of the inspection.

7. Consider a pre-listing home inspection. Talk to your sellers about the value of a thorough evaluation by a professional inspector to help get a property into tip-top shape. It's tempting for owners to assume that they know everything about a home's condition. But even sellers in a house for 25 years may not realize they've been living with a dangerous electrical outlet or plumbing leaks. Taking care of problems early offers a competitive edge.

How is the Stone Harbor and Avalon Real Estate Market? Here are MLS Facts March 2008

2008-03-19T10:57:51Z

Stone Harbor Real Estate Market Snapshot as of March 19, 2008

There are now 124 single family homes for sale with an average list price of $2,392,192 and currently the average time these homes have been on market is 208 days.

Currently, there are 7 single family homes now under agreement ranging from $989,000 to $3,795,000.

An additional 8 Properties have SOLD since 1/1/2008 and Settled for prices as low as $898,000 and all the way up to a whopping $8,500,000.

There are 73 Condos now for sale in Stone Harbor ranging in price from $225,000 to $1,899,000.

There are now four Condos UNDER CONTRACT in Stone Harbor. These range in price from $399,000 to $1,150,000

Two Condos have SOLD since 1/1/2008. One sold for $495,000 and one for $500,000

Avalon Real Estate Market Snapshot as of March 19, 2008

There are now 93 single family homes for sale in Avalon ranging in price from $815,000 to $6,499,000

There are now 17 single family homes UNDER CONTRACT in Avalon ranging in price from $779,000 to $4,750,000.

20 Single family homes have SOLD in Avalon since 1 /1 /2008 with sold prices ranging from $457,000 up to the highest price sale at $3,200,000

There are now 139 condominiums for sale in Avalon. These range in price from $185,000 to $2,495,000

There are now 10 condos UNDER CONTRACT since 1/1/2008 .

4 Condos have SOLD since 1/1 /2008 ranging in price from $850,000 to $1,650,000

Alert To FSBO Sellers! You Need To Read This!

2008-03-18T10:44:19Z

Alert To FSBO Sellers. You Need To Read This!

Just Read Article from NAR showing What it Costs to Sell Without a REALTOR®

The National Association of REALTORS® (NAR) says its $31,800.

This NAR report cites that the average seller who uses a real estate professional makes 16 percent more, or an average of $31,800 on the sale of their home than do sellers who go it alone.

When I read this, it made me think of a great report I had read a while back which listed all the things we Realtors do to get to the settlement table and earn that commission. Sellers need to see the value of a Realtor.This report spells it out.

Here is the excellent report prepared by Orlando Regional Realtor Association that will show you all the reasons you really should be using a Realtor! Tear up your FSBO sign and go call your Realtor

Critical Role of the Realtor®in the Real Estate Transaction.

Why Was This List Prepared?

Surveys show that many homeowners and homebuyers are not aware of the true value a REALTOR®

provides during the course of a real estate transaction.

At the same time, regrettably, REALTORS® have generally assumed that the expertise, professional

knowledge and just plain hard work that go into bringing about a successful transaction were understood

and appreciated.

Many of the most important services and steps are performed behind the scenes by either the REALTOR®

or the brokerage staff and traditionally have been viewed simply as part of their professional responsibilities

to the client. But, without them, the transaction could be placed in jeopardy.

This publication seeks to close that gap.

Listed on the following pages are nearly 200 typical actions, research steps, processes and review stages

necessary for a successful residential real estate transaction and normally provided by a full service real

estate brokerage and for which they are entitled to fair compensation.

Comprehensiveness

The list is by no means an attempt to set forth a complete list of services as these may vary within each

brokerage and each market. Many REALTORS® routinely provide a wide variety of additional services that

are as varied as the nature of each transaction.

By the same token, some transactions may not require some of these steps to be equally successful.

However, most would agree that given the unexpected complications that can arise, it's far better to know

about a step and make an intelligent, informed decision to skip it, than to not know the possibility even

existed.

The REALTOR® Commitment

Through it all, the personal and professional commitment of the REALTOR® is to ensure that a seller and

buyer are brought together in an agreement that provides each with a "win" that is fair and equitable.

The motivation is easy to understand. For most full-service brokerages, they receive no compensation

unless and until the sale closes.

By contrast, there are firms that offer "limited services" in exchange for an up-front flat fee, or perhaps offer

a menu of pay-as-you-go or "a la' carte" options. Some even offer a sliding scale ranging from limited to full

service. In these cases, the compensation of the REALTOR® is based on these reduced service levels

with the seller bearing full responsibility for all the other steps and procedures in the selling process. In

short, the marketplace truism is that "you get what you pay for."

A Variety of Choices

The variety of brokerage business models in today's real estate industry affords the homeowner a greater

range of options than ever before.

But no matter which option is chosen, before signing a Listing Agreement or otherwise engaging the

services of a REALTOR® and agreeing to compensate them, homeowners should understand exactly what

services will, or will not, be provided.

Why Use A REALTOR®?

Not every real estate agent or broker is a REALTOR®. That term and the familiar Block "R" logo are

trademarked by the National Association of REALTORS® and can only be used by those are REALTOR®

members through their local association of REALTORS®.

While all REALTORS® are state-issued licensees as agents or brokers, the major difference between a "real

estate licensee" and a REALTOR® is that REALTORS® have taken an oath to subscribe to a stringent,

enforceable Code of Ethics with Standards of Practice that promote the fair, ethical and honest treatment of

all parties in a transaction. Non-member licensees have taken no such oath and are not morally bound to

the ethical practices and principles set for in the REALTOR® Code.

For that extra measure of peace of mind, ensure the individual seeking to represent you is both a real estate

licensee and a REALTOR®. Visit the Orlando Regional REALTOR® Association's website, orlrealtor.com,

for a searchable list of our REALTOR® members.

The Critical Role of the REALTOR®

Listed here are nearly 200 typical actions, research steps, procedures, processes and review stages in a

successful residential real estate transaction that are normally provided by full service real estate

brokerages in return for their sales commission. Depending on the transaction, some may take minutes,

hours, or even days to complete, while some may not be needed.

More importantly, they reflect the level of skill, knowledge and attention to detail required in today's real

estate transaction, underscoring the importance of having help and guidance from someone who fully

understands the process - a REALTOR®.

And never forget that REALTORS® are pledged to uphold the stringent, enforceable tenets of the

REALTOR® Code of Ethics in their professional dealings with the public. Not every real estate licensee

holds REALTOR® membership. Make sure yours does!

Pre-Listing Activities

1 Make appointment with seller for listing presentation

2 Send seller a written or e-mail confirmation of listing appointment and call to confirm

3 Review pre-appointment questions

4 Research all comparable currently listed properties

5 Research sales activity for past 18 months from MLS and public records databases

6 Research "Average Days on Market" for this property of this type, price range and location

7 Download and review property tax roll information

8 Prepare "Comparable Market Analysis" (CMA) to establish fair market value

9 Obtain copy of subdivision plat/complex lay-out

10 Research property's ownership & deed type

11 Research property's public record information for lot size & dimensions

12 Research and verify legal description

13 Research property's land use coding and deed restrictions

14 Research property's current use and zoning

15 Verify legal names of owner(s) in county's public property records

16 Prepare listing presentation package with above materials

17 Perform exterior "Curb Appeal Assessment" of subject property

18 Compile and assemble formal file on property

19 Confirm current public schools and explain impact of schools on market value

20 Review listing appointment checklist to ensure all steps and actions have been completed

Listing Appointment Presentation

21 Give seller an overview of current market conditions and projections

22 Review agent's and company's credentials and accomplishments in the market

23 Present company's profile and position or "niche" in the marketplace

24 Present CMA Results To Seller, including Comparables, Solds, Current Listings & Expireds

25 Offer pricing strategy based on professional judgment and interpretation of current market conditions

26 Discuss Goals With Seller To Market Effectively

27 Explain market power and benefits of Multiple Listing Service

28 Explain market power of web marketing, IDX and REALTOR.com

29 Explain the work the brokerage and agent do "behind the scenes" and agent's availability on

weekends

30 Explain agent's role in taking calls to screen for qualified buyers and protect seller from curiosity

seekers

31 Present and discuss strategic master marketing plan

32 Explain different agency relationships and determine seller's preference

33 Review and explain all clauses in Listing Contract & Addendum and obtain seller's signature

Once Property is Under Listing Agreement

34 Review current title information

35 Measure overall and heated square footage

36 Measure interior room sizes

37 Confirm lot size via owner's copy of certified survey, if available

38 Note any and all unrecorded property lines, agreements, easements

39 Obtain house plans, if applicable and available

40 Review house plans and make copy

41 Order plat map for retention in property's listing file

42 Prepare showing instructions for buyers' agents and agree on showing time window with seller

43 Obtain current mortgage loan(s) information: companies and & loan account numbers

44 Verify current loan information with lender(s)

45 Check assumability of loan(s) and any special requirements

46 Discuss possible buyer financing alternatives and options with seller

47 Review current appraisal if available

48 Identify Home Owner Association manager if applicable

49 Verify Home Owner Association Fees with manager - mandatory or optional and current annual fee

50 Order copy of Homeowner Association bylaws, if applicable

51 Research electricity availability and supplier's name and phone number

52 Calculate average utility usage from last 12 months of bills

53 Research and verify city sewer/septic tank system

54 Water System: Calculate average water fees or rates from last 12 months of bills )

55 Well Water: Confirm well status, depth and output from Well Report

56 Natural Gas: Research/verify availability and supplier's name and phone number

57 Verify security system, current term of service and whether owned or leased

58 Verify if seller has transferable Termite Bond

59 Ascertain need for lead-based paint disclosure

60 Prepare detailed list of property amenities and assess market impact

61 Prepare detailed list of property's "Inclusions & Conveyances with Sale"

62 Compile list of completed repairs and maintenance items

63 Send "Vacancy Checklist" to seller if property is vacant

64 Explain benefits of Home Owner Warranty to seller

65 Assist sellers with completion and submission of Home Owner Warranty Application

66 When received, place Home Owner Warranty in property file for conveyance at time of sale

67 Have extra key made for lockbox

68 Verify if property has rental units involved. And if so:

69 𐂃 Make copies of all leases for retention in listing file

70 𐂃 Verify all rents & deposits

71 𐂃 Inform tenants of listing and discuss how showings will be handled

72 Arrange for installation of yard sign

73 Assist seller with completion of Seller's Disclosure form

74 "New Listing Checklist" Completed

75 Review results of Curb Appeal Assessment with seller and provide suggestions to improve salability

76 Review results of Interior Décor Assessment and suggest changes to shorten time on market

77 Load listing into transaction management software program

Entering Property in Multiple Listing Service Database

78 Prepare MLS Profile Sheet -- Agents is responsible for "quality control" and accuracy of listing data

79 Enter property data from Profile Sheet into MLS Listing Database

80 Proofread MLS database listing for accuracy - including proper placement in mapping function

81 Add property to company's Active Listings list

82 Provide seller with signed copies of Listing Agreement and MLS Profile Sheet Data Form within 48

hours

83 Take additional photos for upload into MLS and use in flyers. Discuss efficacy of panoramic

photography

Marketing The Listing

84 Create print and Internet ads with seller's input

85 Coordinate showings with owners, tenants, and other Realtors®. Return all calls - weekends

included

86 Install electronic lock box if authorized by owner. Program with agreed-upon showing time windows

87 Prepare mailing and contact list

88 Generate mail-merge letters to contact list

89 Order "Just Listed" labels & reports

90 Prepare flyers & feedback faxes

91 Review comparable MLS listings regularly to ensure property remains competitive in price, terms,

conditions and availability

92 Prepare property marketing brochure for seller's review

93 Arrange for printing or copying of supply of marketing brochures or fliers

94 Place marketing brochures in all company agent mail boxes

95 Upload listing to company and agent Internet site, if applicable

96 Mail Out "Just Listed" notice to all neighborhood residents

97 Advise Network Referral Program of listing

98 Provide marketing data to buyers coming through international relocation networks

99 Provide marketing data to buyers coming from referral network

100 Provide "Special Feature" cards for marketing, if applicable

101 Submit ads to company's participating Internet real estate sites

102 Price changes conveyed promptly to all Internet groups

103 Reprint/supply brochures promptly as needed

104 Loan information reviewed and updated in MLS as required

105 Feedback e-mails/faxes sent to buyers' agents after showings

106 Review weekly Market Study

107 Discuss feedback from showing agents with seller to determine if changes will accelerate the sale

108 Place regular weekly update calls to seller to discuss marketing & pricing

109 Promptly enter price changes in MLS listing database

The Offer and Contract

109 Receive and review all Offer to Purchase contracts submitted by buyers or buyers' agents.

110 Evaluate offer(s) and prepare a "net sheet" on each for the owner for comparison purposes

111 Counsel seller on offers. Explain merits and weakness of each component of each offer

112 Contact buyers' agents to review buyer's qualifications and discuss offer

113 Fax/deliver Seller's Disclosure to buyer's agent or buyer upon request and prior to offer if possible

114 Confirm buyer is pre-qualified by calling Loan Officer

115 Obtain pre-qualification letter on buyer from Loan Officer

116 Negotiate all offers on seller's behalf, setting time limit for loan approval and closing date

117 Prepare and convey any counteroffers, acceptance or amendments to buyer's agent

118 Fax copies of contract and all addendums to closing attorney or title company

119 When Offer to Purchase Contract is accepted and signed by seller, deliver to buyer's agent

120 Record and promptly deposit buyer's earnest money in escrow account.

121 Disseminate "Under-Contract Showing Restrictions" as seller requests

122 Deliver copies of fully signed Offer to Purchase contract to seller

123 Fax/deliver copies of Offer to Purchase contract to Selling Agent

133 Fax copies of Offer to Purchase contract to lender

124 Provide copies of signed Offer to Purchase contract for office file

125 Advise seller in handling additional offers to purchase submitted between contract and closing

126 Change status in MLS to "Sale Pending"

127 Update transaction management program to show "Sale Pending"

128 Review buyer's credit report results -- Advise seller of worst and best case scenarios

129 Provide credit report information to seller if property will be seller-financed

130 Assist buyer with obtaining financing, if applicable and follow-up as necessary

131 Coordinate with lender on Discount Points being locked in with dates

132 Deliver unrecorded property information to buyer

133 Order septic system inspection, if applicable

134 Receive and review septic system report and assess any possible impact on sale

135 Deliver copy of septic system inspection report lender & buyer

136 Deliver Well Flow Test Report copies to lender & buyer and property listing file

137 Verify termite inspection ordered

138 Verify mold inspection ordered, if required

Tracking the Loan Process

139 Confirm Verifications Of Deposit & Buyer's Employment Have Been Returned

140 Follow Loan Processing Through To The Underwriter

141 Add lender and other vendors to transaction management program so agents, buyer and seller can

track progress of sale

142 Contact lender weekly to ensure processing is on track

143 Relay final approval of buyer's loan application to seller

Home Inspection

144 Coordinate buyer's professional home inspection with seller

145 Review home inspector's report

146 Enter completion into transaction management tracking software program

147 Explain seller's responsibilities with respect to loan limits and interpret any clauses in the contract

148 Ensure seller's compliance with Home Inspection Clause requirements

149 Recommend or assist seller with identifying and negotiating with trustworthy contractors to perform

any required repairs

150 Negotiate payment and oversee completion of all required repairs on seller's behalf, if needed

The Appraisal

151 Schedule Appraisal

154 Provide comparable sales used in market pricing to Appraiser

152 Follow-Up On Appraisal

151 Enter completion into transaction management program

153 Assist seller in questioning appraisal report if it seems too low

Closing Preparations and Duties

154 Contract Is Signed By All Parties

155 Coordinate closing process with buyer's agent and lender

156 Update closing forms & files

157 Ensure all parties have all forms and information needed to close the sale

158 Select location where closing will be held

159 Confirm closing date and time and notify all parties

160 Assist in solving any title problems (boundary disputes, easements, etc) or in obtaining Death

Certificates

161 Work with buyer's agent in scheduling and conducting buyer's Final Walk-Thru prior to closing

172 Research all tax, HOA, utility and other applicable prorations

162 Request final closing figures from closing agent (attorney or title company)

163 Receive & carefully review closing figures to ensure accuracy of preparation

164 Forward verified closing figures to buyer's agent

165 Request copy of closing documents from closing agent

166 Confirm buyer and buyer's agent have received title insurance commitment

167 Provide "Home Owners Warranty" for availability at closing

168 Review all closing documents carefully for errors

169 Forward closing documents to absentee seller as requested

170 Review documents with closing agent (attorney)

171 Provide earnest money deposit check from escrow account to closing agent

173 Coordinate this closing with seller's next purchase and resolve any timing problems

174 Have a "no surprises" closing so that seller receives a net proceeds check at closing

175 Refer sellers to one of the best agents at their destination, if applicable

176 Change MLS status to Sold. Enter sale date, price, selling broker and agent's ID numbers, etc.

177 Close out listing in transaction management program

Follow Up After Closing

178 Answer questions about filing claims with Home Owner Warranty company if requested

179 Attempt to clarify and resolve any conflicts about repairs if buyer is not satisfied

180 Respond to any follow-on calls and provide any additional information required from office files

Getting Your Best Price In Today's Market.Stone Harbor and Avalon New Jersey

2008-03-18T08:50:01Z

Getting the Best Price for Your Home

Aggessive marketing is the key to selling your home quickly and getting the highest price. Aggressive, effective marketing It's my job to assure that you get top dollar. The single most important elements of marketing your home effectively is setting the correct list price right at day one.. Set the price too high, and you won't get any offers and your home will linger in the inventory. Set it too low and you cheat yourself by not getting your home's full, fair value. This is where the experience of your Realtor matters. Your Realtor is the expert in your area..Your Realtor will analyze the market and set your home price to compete in the current market .As your Realtor, I'll work closely with you to assure that everything possible is done to get your highest price, in the shortest time frame. It is a different market today than it was even two years ago. The SOLD sign may take a little longer, but if we set the price correctly, you are halfway there.

The condition and appearance of your home are also critical factors in getting the best price for your home. Take a walk through your home with the eyes of your buyer .What do you see? Would you buy this place? I can give you some tips and pointers of what you can do to properly stage your home most effectively. Some areas are much more important and more likely to pay off than others! There are usually things I can point out to you that are easy and inexpensive, yet go a long way toward triggering an offer.

As your agent, I'll negotiate furiously on your behalf throughout the entire process to ensure that your best interests are protected. Real estate negotiations and contracts can be intimidating and complicated. Most buyers have almost no experience in these negotiations. After all, how often do you buy or sell a property? I've been doing this a long time. As a top real estate professional, getting you the best terms and prices in all negotiations is simply part of my job.

Vacation Rental Search Stone Harbor and Avalon New Jersey

2008-03-18T07:59:52Z

Vacation Rental Search Stone Harbor and Avalon New Jersey

Need help finding your Summer rental property at the shore ? Looking for an Oceanfront, Beachblock, or a Bayfront property (or anything in between) in either Avalon or Stone Harbor. We have huge selection of vacation homes and condos with weeks still available.

http://www.stoneharborrealtor.com/VacationRentals.htm

Click on the red banner ,and fill in the weeks you need. If you need some help with this, or have any questions, let me know if I can help ,Give me a call Direct at 800.708.5792 Or if you prefer, E-mail me .. Nancy@NancyMAlexander

http://nancymalexander.com/

If you want to discuss the advantage of owning a property here at the shore for second home use or as a rental investment , call me. I love to talk Real Estate.

It's A Great Time To be A Buyer!

2008-03-16T18:06:31Z

It's A Great Time To be A Buyer!

Don't Be Scared Off By The Media Negativity...
Be Smart. Buy Now. Lots and Lots of inventory. Sellers understand they need to negotiate and interest rates remain remarkably low. Cut your own deal. Buy now and in a few years when the market rebounds (and it always does),you can pat yourself on the back and congratulate yourself on your brilliant strategy.

In 1982 interest rates went as high as 18% and 19%. The banks were charging 4 and 5 points and guess what? People were still buying vacation homes at the shore. Sure, the tax code was different then. (That helped)
Back then we did not have a dozen cable channels 24/7 with non-stop repetitive negative coverage hyping fear about the state of real estate market. Non-stop negative press is scaring off some folks who would really like to jump in and buy a property.

If you are one of these people who would really like buy a home please try to ignore all the negative press and understand real estate is cyclical and at the moment the market is undergoing a natural correction. A correction does not equate to a crash.

We just came off four years of insane sale prices with sellers and speculators securing a full price buyer as soon as the ink was dry on the listing. Those days are gone. Forget about it. Today's seller realizes he needs to negotiate. If you are ready to own a home here at the shore, step up and make a deal.

30 year fixed Mortgage rates still remain between 6 and 7%....this is a 45 year low!
Let's take a look at a home for $300,000 with 30 year fixed mortgage at 6.5 interest rate (with no money down.) Your monthly mortgage payment would be $1896.20. Back in 1991, your interest rate would have been 9.25% and that same mortgage payment would have bought a house worth only $230,492. In 1982 a 30 year fixed rate was 14.6% and same monthly payment bought a house worth only $151,657.

Take a look at the homes now on the sale market. Find one you like and make your offer. You'll be glad you did.