barnegat real estate advice: Price Your Barnegat Home to Sell
- 03/23/19 07:33 AM
Is Your Barnegat House Priced to Sell Immediately?
In today’s real estate market, with more houses coming to market every day and eager buyers searching for their dream home, setting the right price for your house is one of the most important things you can do.
What’s Your Barnegat Home Worth? Get a FREE, no obligation, instant valuation.
According to CoreLogic’s latest Home Price Index, national home values have risen at over 6% a year over the past two years, but have started to slow to 4.4% over the last 12 months. By this time next year, CoreLogic predicts that home values will … (1 comments)
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barnegat real estate 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)
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barnegat real estate advice: Listing Your Barnegat Home During the Holidays
- 11/23/18 03:30 PM
Every year at this time there are many Barnegat homeowners who decide to wait until after the holidays to list their homes for the first time, while others who already have their homes on the market decide to take them off until after the holidays. What's Your Barnegat Home Worth?
Here are seven great reasons not to wait:
Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their new employees in their new positions as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now. You … (0 comments)
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barnegat real estate advice: Barnegat Home Equity
- 11/14/18 12:55 PM
Home equity is an asset that comes from a homeowner's interest in a home. To calculate equity, subtract any outstanding loan balances from the property's market value. Home equity can increase over time if the property value increases or the loan balance is paid down.
Barnegat home values have increased by over 10% in the last two years. Year to date, the median sale price of homes in Barnegat has increased by 13.4% in comparison to 2017.
What’s Your Barnegat Home Worth? Get a FREE, no obligation, instant valuation!
According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third … (0 comments)
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barnegat real estate advice: Thinking of Selling Your Barnegat Home?
- 10/30/18 04:20 PM
Thinking of selling your Barnegat home? Here’s why you need a pro in your corner.
With Barnegat home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional.
What’s Your Barnegat Home Worth?
Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.
Here is a list of just some of the people with whom … (0 comments)
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barnegat real estate advice: Barnegat Home Sales Up Almost 39%!
- 10/11/18 05:25 AM
Barnegat home sales are up 38.9% year to date in comparison to 2017. Nationally, new construction home sales are up 12.7%.
What’s Your Barnegat Home Worth? Get a Free, Instant Valuation
According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).
The report also showed that builders have ramped up construction with an increase in new construction starts and completions. The summer months are often a busy time for builders as they capitalize on the warmer … (0 comments)
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barnegat real estate advice: Buying or Selling a House in Barnegat?
- 10/04/18 06:29 AM
Thinking of buying or selling a home in Barnegat? Here are 2 factors to watch in today’s Barnegat real estate market.
When it comes to buying or selling a home in Barnegat there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.
Interest Rates
Mortgage interest rates have been on the rise and are now over three-quarters of … (0 comments)
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barnegat real estate 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.
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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)
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barnegat real estate advice: How Much Equity Do You Have in Your Barnegat Home?
- 09/24/18 12:17 PM
Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position.
Barnegat home values are up over 11% from last year – What’s Your Barnegat Home Worth?
Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the … (0 comments)
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barnegat real estate advice: Is the Barnegat Housing Market Returning to Normal?
- 09/21/18 06:34 AM
The Barnegat housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey:
After the bubble burst in June 2007, values depreciated 6.1% annually until February 2012. From March 2012 to today, the market has been recovering with values appreciating 6.2% annually. In Barnegat sold home prices have risen by over 11%!
What’s Your Barnegat Home Worth? Get a FREE, instant valuation!
These wild swings in values were caused by abnormal ratios between the available supply of inventory and buyer demand … (1 comments)
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barnegat real estate advice: Reports Show It’s A Great Time to Sell Your Home!
- 09/14/18 05:27 AM
We all realize that the best time to sell anything is when the demand for that item is high and the supply of that item is limited. The last two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that right now continues to be a great time to sell your house.
Let’s look at the data covered in the latest Pending Home Sales Report and Existing Home Sales Report.
THE PENDING HOME SALES REPORT
The report announced that pending home sales (homes going into contract) are down 2.3% from last year and have continued to fall on an annual basis for seven straight … (1 comments)
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barnegat real estate 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!
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As Entrepreneur Magazine, a premier source for small business, explained in their … (0 comments)
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barnegat real estate advice: Reasons to Sell Your Barnegat Home this Summer
- 06/27/18 09:53 AM
Reasons to sell your Barnegat home this summer: Over 180 homes have sold in Barnegat so far this year – that’s an increase of an amazing 36.4% from last year and the median home price has gone up by over 20%!!
What’s Your Barnegat Home Worth?
Some Highlights:
Buyer demand continues to outpace the supply of homes for sale Barnegat which means that buyers are often competing with one another for the few listings that are available! Pending (under contract but hasn’t closed yet) are up 43%! Perhaps the time has come for you and your family to move on and start living … (0 comments)
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barnegat real estate 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)
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barnegat real estate 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.
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When looking … (0 comments)
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barnegat real estate 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)
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barnegat real estate advice: Hire a Pro to Sell Your Barnegat Home
- 04/24/18 01:19 PM
With Barnegat home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional.
What’s Your Barnegat Home Worth?
Local real estate agents, like me, are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.
Here is a list of some of the people with whom the seller must be prepared to negotiate if they decide … (0 comments)
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barnegat real estate 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)
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barnegat real estate advice: Barnegat Housing Market Summary, March 2018
- 03/01/18 04:46 PM
Barnegat Housing Market Trends for the month of February 2018. (See charts below)
Number of Listings Chart: The Number of Listings chart displays listings counts by status.
Barnegat Active Listings: 229 total as of the end of February, up 24.5%, up 20.1% year to date Barnegat New Listings: 59 for the month, up 3.5% for the month, down 4.4% year to date Barnegat Sold Listings: 10 for the month, down 58.3% for the month, down 21.2% year to date. Explanation: Active listings: How many listings were for sale during each month. The number of active listings is a "snapshot" of active listings on the … (0 comments)
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