Camille Miller

I had a verbal agreement that went through both the Selling agent to the buyers agent now the seller has accepted another offer that is higher. Is this allowed?

Camille Miller (Just Jersey Real Estate.com) — Tue, 10 Nov 2009 20:38:09 -0600

Unfortunately a verbal offer is not binding in NJ when it comes to real estate, and, even if you had a written offer a seller can change their mind and accept another offer during the review period while "technically" you are not under contract. A house is not under contract until after attorney review has run its course. If this is the house for you you can always offer more. Good luck to you.

I found a house I'm interested in but the seller's agent won't present my offer to the seller.

Camille Miller (Just Jersey Real Estate.com) — Thu, 05 Nov 2009 22:41:22 -0600

The seller's agent is obligated to present ANY offer to the seller up to the day of closing. It's NJ real estate law. She cannot refuse even if there are better offers on the table or even under contract. Your agent is correct to ask for a written rejection. I ALWAYS make my sellers sign the contract as "rejected" so the other agent knows it was presented. You or your agent could report the seller's agent to the Board ethics committee but at a minimum her Broker should be contacted so he/she can verify that the offer has been presented. Good luck to you.

U.S. House May Vote Today on Homebuyer Credit

Camille Miller (Just Jersey Real Estate.com) — Thu, 05 Nov 2009 08:23:20 -0600

from Bloomberg.com report

By Brian Faler

Nov. 5 (Bloomberg) -- The U.S. House may vote as soon as today on a $45 billion plan to expand a tax credit for first- time homebuyers, extend jobless benefits and provide tax refunds to money-losing companies.

The measure won Senate approval yesterday on a 98-0 vote, and House passage would send it to President Barack Obama for his signature into law. House Majority Leader Steny Hoyer, a Maryland Democrat, said the chamber may act on it today.

The plan would be the first major extension of provisions in February's economic stimulus plan. The $8,000 homebuyers' tax credit, slated to expire this month, would continue until April 30, and be expanded to include people with higher incomes and some who already own homes. That would cost about $10 billion in the fiscal year that began Oct. 1, according to Congress's Joint Committee on Taxation.

The measure includes $2.4 billion to extend unemployment benefits for as many as 20 weeks, enough to aid the jobless through the holiday season. It would also loosen tax rules for homebuilders and other money-losing companies to allow them to claim this year an estimated $33 billion in tax refunds.

The legislation had been delayed for weeks in the Senate by Republican demands for votes on amendments to the plan.

"Republicans used every trick in the book to slow and stall and ensure we can't do important work," said Senate Majority Leader Harry Reid, a Nevada Democrat.

Senate Minority Leader Mitch McConnell, a Kentucky Republican, has said the legislation could have been approved last week if Democrats had agreed to his colleagues' demands. Republicans unsuccessfully sought votes on several amendments, including one to ensure the end of the Treasury Department's Troubled Asset Relief Program.

Other Measures

Lawmakers are still considering whether to extend several other elements of the stimulus package, including subsidies to help the jobless buy health insurance and increased funds for food stamps. Obama has called for sending seniors $250 checks because they won't get a cost-of-living increase next year in their Social Security payments.

Michael Mundaca, nominated to be assistant secretary for tax policy at the U.S. Treasury Department, said the administration may seek to extend the interest-subsidized Build America Bonds created as part of the stimulus package. Mundaca told the Senate Finance Committee yesterday the initiative is "too successful to allow to go away."

The Treasury Department estimates that more than 1.4 million Americans have taken advantage of the homebuyer credit at a cost so far of about $10 billion.

Increased Limits

Couples earning as much as $225,000 a year and individuals earning up to $125,000 would qualify for the credit. That is up from the current $75,000 limit for individuals and $150,000 for couples. The Senate plan also would allow homebuyers who have lived in a residence they own at least five years to receive a $6,500 credit.

Those buying homes worth more than $800,000 wouldn't be eligible for the credit; those who sell their new home or stop using it as their main residence within three years would have to repay the credit.

The credit "really does provide some economic lift in the country at a time when we desperately need economic lift," said Senate Banking Committee Chairman Christopher Dodd, a Connecticut Democrat.

He said expanding the credit to those who already own homes would help create jobs because "the move-up buyer is more inclined and capable of buying that furniture, maybe building a porch, putting a garage on, a new roof" and making the "kinds of investments I think is going to be a job-creator across the country."

Waste of Money

Senator Christopher Bond, a Missouri Republican, called the tax credit a waste of money, saying studies show that most of those claiming the break would have bought homes anyway.

"For the vast majority of cases, the homebuyer credit amounted to a free gift since it did not affect their decision to purchase," he said on the floor this week. "The homebuyer tax credit is a terribly inefficient, irresponsible and poor use of scarce taxpayer resources."

Goldman Sachs Group Inc. said in a Nov. 3 research note that the credit probably spurred 200,000 home sales that otherwise wouldn't have occurred.

Extending the credit to people who own homes wouldn't reduce the excess housing blamed for the slump because "every buyer taking advantage of the move-up credit would necessarily be a seller," Goldman Sachs said. It said the plan may increase housing prices by 1 percent because "sellers are likely to incorporate a fraction of the credit amount in their sale prices."

Unemployment Extension

The bill would provide 14 additional weeks of unemployment benefits in all states, plus another six weeks in states with the highest jobless rates. The extension would be the fourth since the recession began. The share of unemployed people who have been out of work at least six months has reached the highest level in at least a half-century, according to the Labor Department.

Senator Jeanne Shaheen, a New Hampshire Democrat, said the benefits, which average $300 per week, would help millions of Americans "keep putting gas in the car so they can get out there and look for jobs and to keep putting food on the table and paying the mortgage."

The legislation also would expand provisions in the stimulus package allowing companies to apply their losses to previous years' income, thereby reducing their tax bills and allowing them to claim refunds. Banks and other institutions receiving assistance from the Treasury Department's TARP program wouldn't be eligible.

The legislation wouldn't add to the government's budget deficit, according to congressional estimates, because its cost would be financed in part by a delaying a tax break for multinational companies. It would also extend an employer payroll surtax that would otherwise expire at the end of this year.

The bill is H.R. 3548.

To contact the reporter on this story: Brian Faler in Washington at bfaler@bloomberg.net

Last Updated: November 5, 2009 00:01 EST

I am looking for a rent to own property in Somerset need at least 4 bedrooms what is the best way to start my search

Camille Miller (Just Jersey Real Estate.com) — Wed, 28 Oct 2009 09:31:52 -0500

Start your search on the internet. Get a good feel for different neighborhoods, school districts, shopping areas etc. then search for homes available in your price range and flip through pictures etc. Drive around and do open houses too! A great place to search for NJ properties and collect data using interactive maps and state monitored school reports is on our site www.justjerseyrealestate.com. When you're ready to begin touring homes we'll find you an agent and assign a personal transacction assistant to work with you throughout the process. Good luck to you...it's a great time to buy in NJ.

Looking to sell a single family home in the Millburn / Short Hills area. Any adivice on how I should go about selecting a realtor?

Camille Miller (Just Jersey Real Estate.com) — Sat, 24 Oct 2009 08:53:14 -0500

At http://www.JustJerseyRealEstate.com we work with you as a real estate resource. We send you agents from 3 competing brands to interview with you and compete for your business. Once you select an agent we assign you a personal transaction assistant to guide you through the challeges of selling your NJ home and purchasing your next. Please let me know if we can assist you. Good luck to you.

Which is the best elementary school in Dumont?

Camille Miller (Just Jersey Real Estate.com) — Fri, 23 Oct 2009 17:00:05 -0500

Which is best is different for different people. You can search the state school report cards from the resource center at http://www.justjerseyrealestate.com Good luck to you.

I was hoping someone could give me some insight into what an ideal location

Camille Miller (Just Jersey Real Estate.com) — Sat, 12 Sep 2009 16:47:54 -0500

My husband and I live in West Tennessee but were born and raised in Chicago. We aren't interested in moving back to Chicago but we both very much miss city life! We have children now so we are more interested in a suburban type setting. We settled on New Jersey as a whole because it would be close to New York (for me) and close to Atlantic City/gambling/poker (for him)...we are very interested in Hoboken but have had a lot of friends suggest that we look into other places such as Morristown and Montclair. I was hoping someone could give me some insight into what an ideal location would be for us. Thanks!

NJ has so much to offer you. However there is quite a bit of distance between NYC and Atlantic City though. You can learn about the specifics of each county by going to http://www.justjerseyrealestate.com plus read the school reports and learn more about each of our 21 counties. When you narrow it down (it seems like you are considering northern NJ) I'd be happy to dicuss the different area with you and find I local agent to help you wherever you choose. Good luck to you and don't hesitate to contact me with anytime with your specifc NJ real estate questions. I'm happy to help.

Can I list my home on websites without a real estate agent?

Camille Miller (Just Jersey Real Estate.com) — Mon, 24 Aug 2009 13:29:26 -0500

Yes, a home owner can list their own home on many websites at no cost. You can list on Trulia, Zillow, Postlets, Craigslist and a few others. Up load as many pictures and descriptions as possible and do a great write up for the place. We also offer a FSBO home listing service on our website, http://www.justjerseyrealestate.com, if you are interested. We will help you write a short ad and post one picture which can link to another website if you'd like with all your own contact information. Our site gets hits from all over the state and it's at a reasonable cost and when, or if, you decide to list with a Realtor we can assist you in finding one that satisfies your needs. Good luck to you and feel free to contact me for assistance.

How can I figure out the price of a home I can afford? Taking into account motgage, property taxes, etc.

Camille Miller (Just Jersey Real Estate.com) — Fri, 21 Aug 2009 21:54:39 -0500

You can find great mortgage/loan calculators through Affinity Federal Credit Union. They can also help you determine what you can afford. We use them because they do not have mortgage reps that work on commission. Go to http://www.JustJerseyRealEstate.com to see their current rates and info. Click on the chart to go directly to their website to see more loan calculators. If you need an agent anywhere in NJ we're here to help. Good luck to you.

Is home-buying a 21st century form of torture?

Camille Miller (Just Jersey Real Estate.com) — Wed, 19 Aug 2009 20:37:15 -0500

Are the aesthetics as important as we make them out to be? Does the size of the yard or the number of rooms really matter to the quality of your life all that much? I guess what I'm asking is, what does owning a home, or a house, do for us?

A home should be a safe haven and anything else you can dream about. The dream is different for everyone but I can tell you if you are not absolutely LOVING the home when you see it...it's not the right home for you. I've been selling homes since 1998 and one thing I know is when a home is right for someone their faces light up like a torch when they walk in the door. Too many times people try to talk themselves into liking a home...Don't Do It! Your agent should know your likes and your dislikes and be able to show you homes you can love. My advice is, don't settle for anything less then everything you want. You'll know when it right...keep looking, even if it takes 100 homes.

Response to Original Blog by Lauren Rose "My Life as Lauren Rose"

Read more at www.NewJerseyOnline.org a great place to share ideas, thoughts, concerns, and general information about what is happening in and around the State

I have a 40x16 ft. deck across the back of my home. Can I add that space to the sq. footage of my home?

Camille Miller (Just Jersey Real Estate.com) — Wed, 19 Aug 2009 20:02:36 -0500

Why exactly would you want to? If you add the space for marketing you're not being truthful. A deck is not considered living space because it does not have heat or a ceiling. Do you just want to pay more taxes on it?

We are looking to buy home in Rutherford/nearby towns - can you suggest buyer's agents?

Camille Miller (Just Jersey Real Estate.com) — Fri, 14 Aug 2009 21:15:53 -0500

JustJerseyrealestate.com has a network of buyers agent's throughout the state that can assist you in your home search. We use only the best agents from a variety of brands to refer to. When you are ready to begin your search contact me directly and we will introduce to you to an experienced buyer's agent and provide a free transaction assistant to help you with all the details (mortgage, mover, insurance professional). Contact me anytime at no obligation. You can also do your home search on our website and get all the information you will need about the towns, schools and area businesses.

What's the best way to find an agent in Westfield area and why?

Camille Miller (Just Jersey Real Estate.com) — Mon, 27 Jul 2009 10:24:39 -0500

When you are ready to begin your search we can refer you to several agents throughout many different brands around the Westfield area to guide you. www.JustJerseyRealEstate.com provides you a transaction assistant to work with you as well as finds the right agent for your needs. Our referral network is made up of full-time residential experts in all brands that have been recommended by their broker and maintain top agent status. Call, email, or fill out our "find an agent" form on our website when you are ready. Best of luck to you.

Can a couple, one does'nt own a home and the other does own a home, still claim $8K tax credit ?

Camille Miller (Just Jersey Real Estate.com) — Mon, 27 Jul 2009 09:21:10 -0500

The answer is NO, not as the credit is written right now. The credit can only be taking by someone who has not owned a home or held a mortgage in the last three years. For more information on the specifics of this tax credit go to http://www.justjerseyrealestate.com and click on the icon from the Home page.

Where can I obtain a copy of ALL the standard real estate forms used in NJ to buy a house?

Camille Miller (Just Jersey Real Estate.com) — Wed, 22 Jul 2009 12:24:51 -0500

The forms are not available to unlicensed individuals, however your attorney should be preparing all of these documnets for you. If you are not using an agent you absolutely need an attorney in New Jersey. As an owner you are not held to the same standards as a Broker but none-the-less want to be covered on every aspect of the sale. Good luck to you.

Who closes in a real estate transaction in NJ?

Camille Miller (Just Jersey Real Estate.com) — Sun, 19 Jul 2009 21:13:11 -0500

In north Jersey usually an attorney. In south Jersey a title company. I recommend always getting an attorney no matter where you're buying. The extra money it costs for an attorney to check over the contract and advise you is priceless in the end.

Is this true?

Camille Miller (Just Jersey Real Estate.com) — Wed, 15 Jul 2009 18:37:26 -0500

Recently I signed a purchase contract for a house. The seller came back saying per NJ law there is a grace period of closing dates up to 10 days, which gives them the right to postpone the closing date.

Yes, it true. "on or about" is interpreted as 10 days in either direction. Ask your attorney about your options to recoup your additional costs. At times a buyer can do a "use & occupancy" so they can move in early but not close on the home to help with moving/storage costs. As long as your mortgage extends through the cost date the seller is proposing it is reasonable to postpone under Jersey law.

Missing Basement Permits: What to do?

Camille Miller (Just Jersey Real Estate.com) — Wed, 15 Jul 2009 12:55:40 -0500

Don't close without documentation. You are responsible for the permit once you own the house, and the increased taxes should it have been missed in the asssesment. One thing you could do is call the town yourself so you have first hand knowledge of what the town officials say. Hopefully you also had the home inspected and nothing was discovered in the basement. Don't sweat it. Just don't close with out seeing the permit.

Do fences have to be set back from the road? If so, how far back?

Camille Miller (Just Jersey Real Estate.com) — Wed, 15 Jul 2009 07:03:43 -0500

Fencing is a zoning issue with your township and each town makes its owe rules. You can call the zoning department and ask what the set backs are. I'm certain the zoning officer or his/her admin will know the exact answer. They may ask for your block & lot number so be prepared.

You know you're from New Jersey when...

Camille Miller (Just Jersey Real Estate.com) — Tue, 14 Jul 2009 20:24:47 -0500

You know you're from Jersey when ...
You don't think of fruit when people mention "The Oranges."
You know that it's called Great Adventure, not Six Flags.
A good, quick breakfast is a hard roll with butter.
You've known the way to Seaside Heights since you were seven.
You've eaten at a diner, when you were stoned or drunk, at 3 A.M.
You know that the state isn't one big oil refinery.
At least three people in your family still love
Bruce Springsteen, and
you know the town Jon Bon Jovi is from.
You know what a "jug handle" is.
You know that WaWa is a convenience store.
You know that the state isn't all farmland.
You know that there are no "beaches" in New Jersey--there's the shore--and you don't go "to the shore," you go "down the shore." And when you are there, you're not "at the shore"; you are
"down the shore."
You know how to properly negotiate a circle.
You knew that the last sentence had to do with driving.
You know that this is the only "New" state that doesn't require "New" to identify it (try . . Mexico . . . York .. . Hampshire-- doesn't work, does it?).
You know that a "White Castle" is the name of BOTH a fast food chain AND a fast food sandwich.
You consider putting mayo on a corned beef sandwich
a sacrilege. (OR NOT!)
You don't think "What exit?" is very funny.
You know that people from the 609 area code are "a little different." Yes they are!
You know that no respect able New Jerseyan goes to Princeton... that's for out-of-staters.
The Jets-Giants game has started fights at your school or local bar.
You live within 20 minutes of at least three different malls.
You refer to all highways and interstates by their numbers.
Every year you have at least one kid in your class named Tony.
You know the location of every clip shown in the
Sopranos opening credits.
You've gotten on the wrong highway trying to get out of the mall.
You know that people from North Jersey go to Seaside Heights, and people from Central Jersey go to Belmar, and people from South Jersey go to Wildwood.
It can be no other way.
You weren't raised in New Jersey--you were raised in either North Jersey, Central Jersey or South Jersey.
You don't consider Newark or Camden to actually be part of the state
You remember the stores Korvette's, Two Guys, Rickel's, Nichols, Channel, Bamberger's and Orbach's.
You also remember Palisades Amusement Park.
You've had a boardwalk cheese steak and vinegar fries.
You start planning for Memorial Day weekend in February.
And finally ...
You've NEVER, NEVER, NEVER,
EVER pumped your own gas.

This is great for all you "Jerseyans" someone emailed it to me..

Camille Miller (Just Jersey Real Estate.com) — Tue, 14 Jul 2009 20:22:33 -0500

New Jersey is a peninsula.
Highlands, New Jersey has the highest elevation along the entire eastern seaboard, from Maine to Florida.
New Jersey is the only state where all of its counties are classified as metropolitan areas.
New Jersey has more race horses than Kentucky.
New Jersey has more Cubans in Union City (1 sq MI.) than Havana, Cuba.
New Jersey has the densest system of highways and railroads in the US.
New Jersey has the highest cost of living.
New Jersey has the highest cost of auto insurance.
New Jersey has the highest property taxes in the nation.
New Jersey has the most diners in the world and is sometimes referred to
as the "Diner Capital of the World."
New Jersey is home to the original Mystery Pork Parts Club (no, not Spam): Taylor Ham or Pork Roll.
Home to the less mysterious but the best Italian hot dogs and Italian sausage w/peppers and onions.
North Jersey has the most shopping malls in one area in the world, with seven major shopping malls in a 25 square mile radius.

The Passaic River was the site of the first submarine ride
by inventor John P. Holland.
New Jersey has 50+ resort cities & towns; some of the nation's most famous:
Asbury Park, Wildwood, Atlantic City, Seaside Heights, Long Branch, and Cape May.
New Jersey has the most stringent testing along its coastline for water quality control than any other seaboard state in the entire country.
New Jersey is a leading technology & industrial state and is the largest chemical producing state in the nation when you include pharmaceuticals.
Jersey tomatoes are known the world over as being the best you can buy.
New Jersey is the world leader in blueberry and cranberry production
(and here you thought Massachusetts?)

Here's to New Jersey - the toast of the country! In 1642, the first brewery in America, opened in Hoboken.
New Jersey rocks! The famous Les Paul invented the first solid body electric guitar in Mahwah, in 1940.
New Jersey is a major seaport state with the largest seaport in the US, located in Elizabeth. Nearly 80 percent of what our nation imports comes through Elizabeth Seaport first.
New Jersey is home to one of the nation's busiest airports (in Newark), Liberty International
George Washington slept there.
Several important Revolutionary War battles were fought on New Jersey soil, led by General George Washington ..

The light bulb, phonograph (record player), and motion picture projector, were invented by Thomas Edison in his Menlo Park, NJ, laboratory.
New Jersey also boasts the first town ever lit by incandescent bulbs (Roselle).
The first seaplane was built in Keyport, NJ.
The first airmail (to Chicago) was started from Keyport, NJ.
The first phonograph records were made in Camden, NJ
New Jersey was home to the Miss America Pageant held in Atlantic City.
The game Monopoly, played all over the world, named the streets on its playing board after the actual streets in Atlantic City.
And, Atlantic City has the longest boardwalk in the world, not to mention salt water taffy.
New Jersey has the largest petroleum containment area outside of the Middle East countries.
The first Indian reservation was in New Jersey, in the Watchung Mountains
New Jersey has the tallest water-tower in the world. (Union, NJ!!!)
New Jersey had the first medical center, in Jersey City
The Pulaski SkyWay, from Jersey City to Newark, was the first skyway highway.
New Jersey built the first tunnel under a river, the Hudson (Holland Tunnel).
The first baseball game was played in Hoboken, NJ, which is also the birthplace of Frank Sinatra.
The first intercollegiate football game was played in New Brunswick in 1889 (Rutgers College played Princeton).
The first drive-in movie theater was opened in Camden, NJ,
(but they're all gone now!).
New Jersey is home to both of "NEW YORK'S" pro football teams!
The first radio station and broadcast was in Paterson, NJ.
The first FM radio broadcast was made from Alpine, NJ, by Maj. Thomas Armstrong.
The Great Falls in Paterson, on the Passaic River, is the 2nd highest waterfall on the East Coast of the US.

All New Jersey natives:
Sal Martorano, Jack Nicholson, Bruce Springsteen, Bon Jovi, Jason Alexander,
Queen Latifah, Susan Sarandon, Connie Francis, Shaq, Judy Blume, Aaron Burr, Joan Robertson, Ken Kross, Dionne Warwick, Sarah Vaughn, Budd Abbott, Lou Costello,
Alan Ginsberg, Norman Mailer, Marilynn McCoo, Flip Wilson, Alexander Hamilton, Zack Braff,
Whitney Houston, Eddie Money, Linda McElroy, Eileen Donnelly, Grover Cleveland, Woodrow Wilson, Walt Whitman, Jerry Lewis, Tom Cruise, Joyce Kilmer, Bruce Willis, Caesar Romero, Lauryn Hill, Ice-T, Nick Adams, Nathan Lane, Sandra Dee, Danny DeVito, Richard Conti, Joe Pesci, Joe Piscopo, Joe DePasquale, Robert Blake, John Forsythe, Meryl Streep, Loretta Swit, Norman Lloyd, Paul Simon, Jerry Herman, Gorden McCrae, Kevin Spacey, John Travolta, Phyllis Newman, Anne Morrow Lindbergh, Eva Marie Saint, Elisabeth Shue, Zebulon Pike, James Fennimore Cooper, Admiral Wm. Halsey Jr., Norman Schwarzkopf, Dave Thomas (Wendy's),
William Carlos Williams, Ray Liotta, Robert Wuhl, Bob Reyers, Paul Robeson, Ernie Kovacs, Joseph Macchia, Kelly Ripa, and, of course, Francis Albert Sinatra and "Uncle Floyd" Vivino.

Time's running out for the tax credit

Camille Miller (Just Jersey Real Estate.com) — Tue, 14 Jul 2009 10:46:59 -0500

Borrowers who obtain a mortgage through the New Jersey Housing and Mortgage Finance Agency's Home Buyer Program can participate in the Tax Credit Loan Program (TCLP). Through the TCLP, buyers can get a loan of up to $5,000 that is secured by their anticipated federal tax credit. They can use the extra money toward the down payment or closing costs, not accrue any interest and pay it back once they get the credit from the government.

If you're ready to speak to a REALTOR in NJ don't hesitate to contact us to help you find a local agent-our services are always free...

I want cancel the listing on my house, what do I do?

Camille Miller (Just Jersey Real Estate.com) — Mon, 13 Jul 2009 20:06:38 -0500

You always have the right not to sell your own home. You can withdraw your listing from the market by having your agent fill out a listing change form and it is effective immediately. If your asking for an unconditional release so that you may list with someone else well...that a whole different subject. Even if you cancel your current contract as stated above, you may not sell your home yourself without owing a commission to the listing agent until 90 days after the expiration date of the contract. This is to prevent unethical sellers from using an agent to market the home and then attracting a buyer and dropping the agent. To get an unconditional withdraw (so no commission is owed should you sell) you would need to speak with the office Broker but it is not likely one will be granted.

I just bought a house with cash, fixed it up, what if i sold it within 6 months, how much would i be taxed?

Camille Miller (Just Jersey Real Estate.com) — Mon, 13 Jul 2009 16:51:50 -0500

Lt me preface my answer by saying you should always consult a qualified tax professional. that being said..

Since it's not your primary residence you can't take a deduction for it anyway, so there is no difference if you sell it today or 6 months from now. The only way it would make a difference is if you lived in the home as a primary residence for 2+ years. Then you could deduct $250,000 (as a single) on the tax of capital gain you would be claiming.

You will also need to pay a realty transfer fee in New JErsey. You can calculate the exact cost on the sellers page of http://www.justjerseyrealestate.com. Good Luck to you.

Does anyone know if the mortgage rates will drop soon or not? and is there any talk of any homebuying incentive?

Camille Miller (Just Jersey Real Estate.com) — Fri, 10 Jul 2009 06:55:34 -0500

Motgage rates did drop slightly this week form 5.42 to 5.2 but I doubt we will see below 5 again either way these are excellent rates. Additionally the biggest home buying incentive is already being offered by the government to first time home buyers. To read about the specifics go to http://www.justjerseyrealestate.com by clicking on the icon from the home page. Good luck to you,

Follow me on twitter for daily answers to real estatate questions @itsjersey2me