barnegat home buying advice: Looking for Homes in Barnegat and Manahawkin
- 11/13/19 07:12 AM
How to Start Your Home Search in the Manahawkin/Barnegat Area
In today’s market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. Here are five tips from realtor.com’s article, “How to Find Your Dream Home—Without Losing Your Mind.”
1. Get Pre-Approved for a Mortgage Before You Start Your Search
One way to show you’re serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage. Even if you’re in a market that is not as competitive, understanding your budget will give you the confidence … (0 comments)
|
barnegat home buying advice: Buying a Home in Barnegat this Spring
- 03/12/19 05:32 AM
Spring has sprung, and it’s a great time to buy a home in Barnegat! Here are four reasons to consider buying today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.
Search for Barnegat Homes - Barnegat home prices have gone up by 10% over the last year!
Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to … (0 comments)
|
barnegat home buying advice: The First Step to Buying Your Barnegat Home
- 01/14/19 12:10 PM
In many real estate markets across the country, the number of buyers searching for their dream homes out numbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Search EVERY Home for Sale in Barnegat
Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.
Freddie Mac lays out the … (0 comments)
|
barnegat home buying advice: Barnegat Housing Inventory Up Significantly
- 10/19/18 01:45 PM
Is the increase in the Barnegat housing inventory a bullish or bearish sign for real estate?
In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:
In Barnegat, new listings are up 36.8% over the same time last year. Nationally, new listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in Barnegat are up 37.7% over the same time last year. Total listings in the 45 largest markets are now up 6% on average over last year Search for Homes in Barnegat
This increase in housing inventory has sparked two different reactions. Some are saying this is the first … (0 comments)
|
barnegat home buying advice: Buy a Barnegat Home Now? Mortgage Rates Continue to Go Up
- 10/03/18 06:50 AM
Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year.
Search for Barnegat Homes
In addition to the predictions from the four major reporting agencies mentioned above, the Federal Open Market Committee recently voted “unanimously to approve a 1/4 percentage point increase in the primary credit rate to 2.75 percent.” Historically, an increase in the primary credit rate has translated … (0 comments)
|
barnegat home buying advice: Where Are Mortgage Rates Headed In 2019?
- 09/30/18 10:42 AM
The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.
Search for Homes in Ocean County
Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily over the course of the next year.
How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) … (0 comments)
|
barnegat home buying advice: Rent or Buy in Barnegat: Either Way You're Paying A Mortgage
- 09/06/18 06:07 AM
There are some people who have not purchased homes in Barnegat because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
In Barnegat the median rent is $1,750 per month. If you were to spend that much towards a mortgage, you could afford $250,000 (approximately) home in Barnegat. And there are loan programs in which you do not have to put any money down!
Search Barnegat Homes for Sale
As Entrepreneur Magazine, a premier source for small business, explained in their … (0 comments)
|
barnegat home buying advice: Barnegat Home Buying Myths
- 08/12/18 11:09 AM
Slaying the Myths of Buying a Home in Barnegat
You’re finally ready to buy a home in Barnegat? That’s fantastic! In this exciting, but admittedly unnerving time, you might be inclined to turn to friends and family for advice—especially if they own homes.
But beware, future Barnegat home buyer: Those close to you might not be the experts you think they are. You could be heeding bad (albeit well-intentioned) advice without even knowing it.
Barnegat Homes for Sale
So we're here to bust the most common misconceptions about home buying in Barnegat so you can do this thing the right way. Because this is what we do.
Some Highlights:
The average down payment … (0 comments)
|
barnegat home buying advice: Should I Wait to Buy a Home in Barnegat?
- 05/11/18 06:20 AM
What if I wait until next year to buy a Barnegat Home?
We recently shared that Barnegat home prices have increased by 25.42% year to date over 2017. They’ve also increased by 6.7% year-over-year on a national basis. Over that same time, interest rates have remained historically low which has allowed many buyers to enter the market.
As a seller, you will likely be most concerned about ‘short-term price' – where home values are headed over the next six months. As a buyer, however, you must not be as concerned about price, but instead about the ‘long-term cost' of the home.
Search Barnegat Homes for Sale
The … (1 comments)
|
barnegat home buying advice: What to Expect from a Barnegat Home Inspection
- 05/10/18 04:47 AM
Before you buy a home in Barnegat, one of the things you should do is to have it checked out by a professional home inspector.
So, you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection.
Barngat Homes for Sale
This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.
How to Choose … (0 comments)
|
barnegat home buying advice: More New Construction Homes Coming to Barnegat
- 05/05/18 04:38 AM
Homes starting in the high 300’s in the Ocean Acres Section of Barnegat - Press Release from D.R. Horton on new construction in Barnegat
D.R. Horton’s New Jersey division is pleased to announce the opening of its Whispering Hills community in Barnegat, New Jersey. Division management, town officials and distinguished guests will celebrate the opening at the D.R. Horton Whispering Hills ribbon cutting ceremony on May 3, followed by a grand opening celebration on May 5.
Barnegat Homes for Sale
Whispering Hills has a furnished model and several homes under construction. Located in Barnegat off of West Bay Avenue, this quiet community features five … (0 comments)
|
barnegat home buying advice: How Much Do You Need to Make to Buy a Home in Barnegat?
- 04/29/18 01:54 PM
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
In New Jersey the minimum household income required to buy a home is $52,000. Which can be lower in some areas of the state. If you’re looking for a home in Barnegat, where the average price of a home is approximately $270,000, the average household income is $64,000.
Search for Homes in Barnegat
When looking … (0 comments)
|
barnegat home buying advice: Use Your VA Loan to Buy a Home in Barnegat
- 04/24/18 02:44 PM
As a Veteran myself who has used the VA Loan Program, I understand the value it provides.
Thousands of veterans live in Ocean County, and over 450,000 veterans call New Jersey home. For veterans and service members planning to purchase a home in Ocean County using a VA home loan, a termite inspection is required. For properties that are new construction, the builder is required to provide an approved Home Owners Warranty policy, which can be accessed through the New Jersey home insurance program.
Search for Homes in Barnegat
The average home cost in Barnegat is $275,000. Home appreciation over the previous twelve months … (0 comments)
|
barnegat home buying advice: Barnegat Home Buying Myths
- 04/23/18 05:23 AM
Think you need a down payment to buy home in Barnegat? Not with a USDA home loan guarantee you don't!
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture
Advantages of the USDA Home Loan Guaranteed Program:
100% financing No down payment requirement No Mortgage Insurance No Cash Reserves Required Loan up to 101% of appraised value Seller Contributions Limited to 6% Homes for Sale in Barnegat
Ocean County First Time Buyer … (0 comments)
|
barnegat home buying advice: Buy a Home in Barnegat - Increase Your Wealth
- 04/18/18 06:10 AM
Buying a Barnegat Home will increase your wealth and build financial equity.
Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
In Barnegat the average sale price for homes went up 7.63% in 2017!
Search for Barnegat Homes for Sale
So, what does this mean for homeowners and their equity position?
As an example, let’s assume a young couple purchased and closed on a $250,000 home this January. If we only look at the projected increase in the price of that home, how … (0 comments)
|
barnegat home buying advice: Should You Wait to Buy a Home in Barnegat?
- 02/28/18 05:13 AM
Barnegat home prices have gone up by over 7.5 percent in the last year and are expected to continue to rise. Combine that with the predicted increase in interest rates; NOW is the time to buy a home in Barnegat.
Search Every Home on the Market in Barnegat
Some Highlights:
The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts home prices to appreciate by 4.3% over the next 12 … (0 comments)
|
barnegat home buying advice: Hire a Barnegat Professional When Buying or Selling!
- 02/22/18 06:34 AM
Here are 5 reasons to hire a real estate professional when buying or selling a home in Barnegat.
Whether you are buying or selling a home in Barnegat, it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’
What’s Your Barnegat Home Worth?
The 5 reasons you NEED a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest … (0 comments)
|
barnegat home buying advice: Buying a Barnegat Home is More Affordable Compared to Renting
- 01/25/18 04:00 AM
Buying a home in Barnegat is more affordable than renting, and this is true in 54% of counties across the US.
According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.”
The average rent in Barnegat is about $2000.00 per month, that would buy you a $275,000 with ZERO money down with the USDA Guaranteed Loan Program. With the median sold price of Barnegat homes at approximately $230,000, you could certainly buy a home for less money that … (0 comments)
|
barnegat home buying advice: So Much Paperwork to Buy a Home in Barnegat!
- 12/06/17 04:29 AM
There’s a lot of paperwork to handle when buying a home in Barnegat.
Mortgage forms, legal documents, inspection reports, title paperwork, that’s a lot of stuff!! This is why it’s important to have a professional real estate agent, and a team, to help guide you through the process of buying a home in Barnegat.
Mortgages in particular, have a lot of paperwork when buying a home. Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today, you may ask. It seems that they need to know everything about you and requires three separate sources to validate … (0 comments)
|
barnegat home buying advice: Update: Barnegat Crossing on Lighthouse Drive
- 12/05/17 05:33 PM
Wondering what's been going on with the construction site on the western side of Lighthouse Drive in Barnegat next to the CVS? Here's an update.
Barnegat's Planning Board recently approved the construction of 148 age-restricted two-bedroom condominiums on Lighthouse Drive, near the future site of the Barnegat Crossing shopping center and age-restricted apartment community.
The condominium community, called "Barnegat Crossing II," will be limited to residents age 55 and older and will include an outdoor pool and clubhouse within Barnegat's fast-growing neighborhoods west of the Garden State Parkway.
The latest approval marks a trend that will bring hundreds of new residents to this once … (5 comments)
|
|
|
|
;)
;)
;)
