barnegat real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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 real estate agent karl hess: Selling Your Barnegat Home? Make Sure the Price is Right! - 01/17/19 05:07 AM

Thinking of selling your Barnegat home? Are you wondering how to price it to get the highest amount and sell quickly?
If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.
What’s Your Barnegat Home Worth? Get a FREE, instant valuation!!
In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to … (0 comments)

barnegat real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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 real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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 real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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)

barnegat real estate agent karl hess: Competition is Coming to the Barnegat Housing Market - 08/14/18 06:35 AM

If you’re thinking of selling your Barnegat home, be aware; competition is coming!! There are multiple new home construction projects going on in Barnegat at the moment, including at least 84 listings for homes that have just been built, homes under construction and homes to be built. New listings that have come on the market just in 2018 is up over 31% and the absorption rate is up almost 30% over last year.
What’s Your Barnegat Home Worth?
The number of building permits issued in the U.S. for single-family homes is the best indicator of how many newly built homes will rise over … (0 comments)

barnegat real estate agent karl hess: 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)

barnegat real estate agent karl hess: 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 real estate agent karl hess: Barnegat Housing Market Summary April 2018 - 05/07/18 05:54 AM

 
Barnegat Housing Market Trends for the month of April 2018. (See charts below)
Number of Listings Chart: The Number of Listings chart displays listings counts by status.
Barnegat Active Listings: 257 total as of the end of April, up 31.1%, up 25.3% year to date Barnegat New Listings: 85 for the month, up 49.1% for the month, up 16.4% year to date Barnegat Sold Listings: 26 for the month, down 7.1% for the month, up 12.3% 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 15th of … (0 comments)

barnegat real estate agent karl hess: 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)

 
Karl Hess, on The Jersey Shore (Keller Williams Shore Properties) Rainmaker large

Karl Hess

on The Jersey Shore

Barnegat, NJ

More about me…

Keller Williams Shore Properties

Address: Keller Williams Ocean County, Toms River, NJ, 08753

Office: 732.797.9001 ext 824

Mobile: 609.553.7926

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