buyers: Tis the Season to get a Tax Credit!
- 11/11/09 02:07 AM
On November 6th, 2009, President Obama signed, into law, legislation extending and expanding the Homebuyer Tax Credit. What does this mean for "First Time Home Buyers"? What does this mean for "Move Up" Buyers? Let's see, shall we: CLICK HERE to watch our latest video on the HOMEBUYER TAX CREDIT! Combined with "historically" low mortgage rates, an abundance of inventory and lower home prices (in general), the NAR may actually be telling the truth; "there NEVER has been a better time to buy." Or, in the very least; there may NEVER be an OPPORTUNITY to buy a home like this again! … (2 comments)
Unintended consequences are outcomes that are not (or not limited to) the results originally intended in a particular situation. The unintended results may be foreseen or unforeseen, but they should be the logical or likely results of the action. For example, historians have speculated that if the Treaty of Versailles had not imposed such harsh conditions on Germany, World War II would not have occurred. From this perspective, one might consider the war an unintended consequence of the treaty. What does the "LoUC" have to do with real estate? Let's … (0 comments)
buyers: Who wants to have some fun?
- 06/04/09 06:35 AM
I originally recorded this video last week, after reading Matthew Ferrara's post Points of Perception. In his post, Matthew proposes that the reason today's home-buyers are still sitting on the proverbial fence, despite; abundant inventory, lower home prices and historically low mortgage rates; may be because the "process" of buying a home today is not fun! This got me to thinking: What could I, as a local real estate broker, do to get the message out; buying a home today, in Toms River, NJ, can be alot of fun! So, here's what I came up with. Please let me know what … (4 comments)
buyers: Get Off The Fence in Toms River, NJ
- 05/27/09 03:25 PM
Riddle me this Batman; if the lowest home prices and mortgage rates in years, combined with an abundance of homes to choose from, make this the BEST time in recent history to purchase a home, why are so many buyers still sitting on the fence? Well, while I can't speak for the rest of the country, I can certainly voice my opinion about the real estate market in Toms River, NJ! Click here to see my weekly TRRET (pronounced treat), which is my acronym for Toms River Real Estate Trends! Please feel free to comment, criticize or voice your own opinion … (0 comments)
buyers: How many were REO's and Short Sales?
- 02/11/09 10:24 AM
My good friend and colleague, Charles Swope, asked me this very question after reading my post, http://activerain.com/blogsview/914699/Toms-River-NJ-Monthly-Market-Report-January-2009. So, I did the very research Charles had inquired about and here are the results: 9 Single Homes CLOSED in Toms River, between $200,000 & $249,999, in January '09 3 of those 9 were "Short Sales" 2 of those same 9 were REO's (Real Estate Owned) (Bank Owned) So, more than HALF of the closings in Toms River, in January 2009, between $200,000 and $249,999, were "Distressed Sales"! I think a more significant question may be, "How many of these homes were purchased by … (0 comments)
buyers: 2008 Year End Report for Toms River, NJ
- 01/02/09 05:14 AM
The best thing that could be said about 2008 Real Estate in Toms River, NJ; "It's OVER!" Looking at the numbers (2008 compared to 2007): SALES of "Single Family Homes" in Toms River, were DOWN almost 15% The Average Listing Price for a "Single Family Home" was DOWN about 6.5% The Average Sales Price for a "Single Family Home" was DOWN about 6.5% The Sales Price to List Price Ratio remained STEADY at roughly 94% The Average "Days on the Market" remained STEADY at roughly 94 days There is currently 12 months of inventory AVAILABLE (SAME as this time last year)! What does it … (0 comments)
buyers: My Blackberry Has Been Buzzing All Afternoon!
- 11/25/08 07:51 AM
It's 4pm(EST) and I have received no less than 3 e-mails alerting me to the Fed's decision to purchase X amount of mortgage backed securities and the subsequent effect this announcement has had on interest rates. Isn't technology wonderful? In order to verify this information, I went to Inman News and sure enough; here's their release...Isn't technology wonderful! Then, I log on to activerain and see that Rob Rauf (see Rob's post here) has already posted this news...Isn't technology wonderful? So, if technology is so wonderful, why aren't more real estate agents in Toms River, NJ, using it to get this … (3 comments)
buyers: Riddle Me This, Batman...
- 11/12/08 02:31 AM
Within the last 2 weeks, I have been questioned by a couple of our better Listing Agents as to why our company does not list RENTALS. Apparently, there are a significant number of unsuccessful sellers in the Toms River, NJ, market that would like the "option" to rent their home if they cannot sell it at their price.So, let's look at this conundrum from the three significant perspectives; first, the Agent's Perspective: It's a tough market out here. We have 14 months of inventory here in Toms River and none of my listings are selling, so why can't I make a … (4 comments)
buyers: I Want My Cake And Eat It Too!
- 10/01/08 09:45 AM
"I don't want a "starter" home! I want the home I grew up in. I don't want to do any work and I'm only going to pay this much for it." --Today's First Time Homebuyer "Yes, I'm aware it's no longer a Seller's Market but I'm not going to give my home away!"--Today's Typical Homeseller "Buyers are liars and Sellers are nuts!"--80% of Today's Real Estate Agents "If the government doesn't bail out Wall Street, we're heading into the Second Great Depression!"--The National Media "The American Public has every right to be upset. It's not fair for the tax payer … (3 comments)
buyers: Monthly Market Report for Toms River, New Jersey:
- 06/03/08 08:18 AM
Sales and Inventory History for the month of May, 2008, Single Family Homes in Toms River: As we can see, the Toms River Market appears to be stabilizing; signaling the formation of a "bottom" and positioning itself for the eventual and inevitable "recovery" cycle. Prices may continue to decline in the next few months as the "pending" inventory closes but...BUYERS RISK A HIGHER MONTHLY PAYMENT for the same home by waiting on the fence because when the "recovery" starts, interest rates rise and even an increase of half a percent may result in some buyers waiting themseves right out of a home! … (0 comments)
buyers: "Lowball Offers on the Rise"
- 03/21/08 06:44 AM
That was the headline of the lead article of the real estate section of Sunday's New York Times; Lowball Offers on the Rise I remember discussing a similar article from MONEYmagazine about a year ago. That author reported that some buyers were basing their initial offers at 15% below asking price and making multiple offers in an effort to locate "motivated sellers". So what has changed? In her article, Lisa Prevost reports that today's buyers are now starting their negotiations at 20-25% below asking price...DUH! It's a BUYERS MARKET! With almost ALL of New Jersey qualifying as a "declining market", as defined by Fannie-Mae, … (7 comments)
buyers: What to do on a Sunday in Ocean County with no football?
- 01/26/08 08:06 AM
With a little over a week until the "Superbowl", many households across America are trying to reconcile their activities for this Sunday (the break). Honey-Do lists are being re-written or, at the very least, dusted off in anticipation of 7 months of football-free Sundays. Why not get a head-start on the Spring Selling Season and visit a few OPEN HOUSES? As the National Association of Realtors has been proclaiming for the last year, "Now is a GREAT time to buy!" Interest rates are at their lowest levels since 2004 and inventory is up, which gives today's buyers the "best of both worlds". … (0 comments)
buyers: "We Shall Overcome..."
- 01/21/08 09:14 AM
I thought in observance of MARTIN LUTHER KING DAY, just how profound these words have become: If we look back over the last 40 years, or most of my lifetime, we've come quite a long way. Most of us have never known segregation. We have African-American and Female Presidential Candidates. Hell, the Berlin Wall fell almost 20 years ago! We truly live in the greatest nation on earth and enjoy freedoms and liberties that some countries and nations can still ONLY DREAM about. These rights and privileges, that I believe are largely taken for granted today, came (and continue to come) at a heavy … (4 comments)
As the "First" COLDWELL BANKER Office in Ocean County, NJ, we pride ourselves on being "Pioneers" in our local market. The new frontier of Web 2.0 offers exciting opportunities and unique challenges. We welcome the discussions, debates and success stories on our journey to become "Champions" of the "next level" of real estate!
On November 6th, 2009, President Obama signed, into law, legislation extending and expanding the Homebuyer Tax Credit. What does this mean for "First Time Home Buyers"? What does this mean for "Move Up" Buyers? Let's see, shall we:
;)
;)
;)
