barnegat real estate agent: Where Are Barnegat Mortgage Interest Rates Headed in 2018? - 02/08/18 05:45 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.
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 12 months.
How Will This Impact Your Barnegat Mortgage Payment?
Depending on the amount of the loan that you secure, a half of a percent (.5%) increase … (1 comments)

barnegat real estate agent: Millennials are Buying Homes in Ocean County! - 02/01/18 04:03 AM

Millennials are forming new households, moving to the suburbs, buying furnishings and SUVs. According to Zillow Group data, people aged 18 to 34 have become the largest group of homebuyers in the U.S.
Ocean County First Time Home Buyer Programs
When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the majority of these stereotypes paint the generation in … (2 comments)

barnegat real estate agent: 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 real estate agent: Retirement and Moving out of Ocean County - 01/19/18 03:44 AM

Retiring and moving out of Ocean County – what are your options?
We all know New Jersey is an expensive place to live so, if you are thinking of retirement and moving out of state, there are a few considerations you need to make: Understanding the NJ “exit tax.” How much is your Ocean County home worth? What kind of home can I buy at the location I’m retiring to? We have the answers to all your questions and trusted associates around the country that can help make the transition as smooth as possible.
Retirement might be the end of your career, but it doesn’t … (1 comments)

barnegat real estate agent: Barnegat Real Estate Market Trends End of Year 2017 - 01/01/18 09:20 AM

Barnegat Housing Market Trends for the month of December and Year to Date, 2017. (See charts below)
Number of Listings Chart: The Number of Listings chart displays listings counts by status.
Barnegat Active Listings: 221 total as of the end of December, up 17.6%, up 0.2% year to date Barnegat New Listings: 40 for the month, up 25% for the month, up 8.1% year to date Barnegat Sold Listings: 34 for the month, up 17.2% for the month, up 3.4% year to date. Explanation: Active listings: How many listings were for sale during each month. The number of active listings is a "snapshot" … (2 comments)

barnegat real estate agent: Buyers are Looking for a Barnegat Home NOW - 12/08/17 04:26 AM

If you’re thinking about putting your Barnegat home on the market, maybe you should do it soon and not wait for Spring.
Whats Your Barnegat Home Worth?
Many people believe that selling their Barnegat house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.
Historically, this made sense. However, today’s real estate market is not following the rules of the past.
The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives … (0 comments)

barnegat real estate agent: 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 real estate agent: The Impact of Interest Rates on Buying a Barnegat Home - 11/29/17 02:37 PM

Buying a Home in Barnegat - Low Interest Rates Have a High Impact on Your Purchasing Power 
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Here are all the homes for sale in Barnegat
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the … (1 comments)

barnegat real estate agent: Looking to “Move Up” in Barnegat? Now’s the Time! - 11/28/17 05:18 AM

There are more homes in Barnegat priced over 400K and a lack of inventory for quality homes below $300,000. If you're thinking of "Moving Up" to a bigger, better home, now is the time!
Whether you are a renter who is searching for your dream home or a Barnegat homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place.
According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark … (1 comments)

barnegat real estate agent: Barnegat Housing Market Trends November 2017 - 11/09/17 05:06 PM

Barnegat Housing Market Trends for the month of October and Year to Date, 2017. (See charts below)
Number of Listings Chart: The Number of Listings chart displays listings counts by status.
Barnegat Active Listings: 187 total as of the end of October, down 6.0%, down 4.6% year to date Barnegat New Listings: 71 for the month, up 69% for the month, up 2.6% year to date Barnegat Sold Listings: 31 for the month, down 34.0% for the month, up 0.3% year to date. Explanation:
Active listings: How many listings were for sale during each month. The number of active listings is a "snapshot" … (0 comments)

barnegat real estate agent: Thinking About Buying a Home in Barnegat? Know Your Credit Score - 11/05/17 06:37 AM

If you’re thinking about buying a home in Barnegat, you should know your credit score.
Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process in Barnegat.
Contact Your Local Barnegat Real Estate Professional
Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.'
Many … (1 comments)

barnegat real estate agent: Should You Rent or Buy in Barnegat? - 10/30/17 02:45 PM

Renting or Buying in Barnegat…Either Way, You're Paying Someone's Mortgage
There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich,”
“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. … (1 comments)

barnegat real estate agent: The Truth About Barnegat Homeowner Equity - 10/29/17 10:55 AM

Barnegat home owners may have more equity than they know.
A recent article from a reputable news source was titled: Here's why some homeowners still can't sell. In the opening bullets of the article, the author claimed, “Negative equity is one of the main reasons why there are so few homes for sale.” The article then goes on to soften that stance but we want to bring better clarity to the equity situation.
A current report from CoreLogic (which was quoted in the article) revealed that over 80% of all homes now have “significant equity,” which means the home has over 20% equity. That level of equity allows the homeowner … (1 comments)

barnegat real estate agent: Buyers Flock to Low Down Payment Programs in Southern Ocean County - 10/27/17 04:51 AM

Buying a Home in Southern Ocean County with low or no downpayment
A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less.
The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%.
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers (i.e. from Lanoka Harbor to Manahawkin). 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% … (1 comments)

barnegat real estate agent: Why Hire a Professional When Buying or Selling Your Barnegat Home - 10/23/17 09:16 AM

5 Reasons to Hire a Real Estate Professional When Buying or Selling Your Barnegat Home!
Whether you are buying or selling a Barnegat home, it can be quite an adventurous journey. This is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.
The 5 reasons you NEED a Barnegat real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market … (2 comments)

barnegat real estate agent: Thinking of Selling Your Barnegat Home? Do it Now! - 10/16/17 04:52 PM

Some people don’t think of putting their home on the market in the autumn – but this year is different! So if you’re thinking of selling your Barnegat home? You should do it today!
That headline might be a little aggressive; however, as August/September 2017’s housing market data begins to roll in, we can definitely say one thing: If you are considering selling your home, IT IS TIME TO LIST YOUR BARNEGAT HOME TODAY!
In a recent article by CBS News, they explained that the number of existing home sales is shrinking, and Lawrence Yun, Chief Economist for the National Association of Realtors, said: “There should be 3 million homes … (1 comments)

barnegat real estate agent: Thinking of Selling your Barnegat Home? Competition is Coming - 09/29/17 04:56 AM

The competition to your Barnegat home is coming in the form of new construction.
Currently there are 30 “new construction” homes in Barnegat in the multiple listing service. From 2 bedroom, 2 bath homes in adult communities like Seacrest Pines to 4 bedroom, 4 bath single family homes in the Whispering Hills section of Barnegat. These homes are ranging in price from $300,000 to $450,000. And you can expect even more new construction coming in the Spring of 2018.
What is your Barnegat Home Worth – Get a FREE, instant valuation
The number of building permits issued for single-family homes is the best indicator … (0 comments)

barnegat real estate agent: Buying a Home in Barnegat is a Good Financial Decision - 09/28/17 07:26 AM

84% of Americans Believe Buying a Home is a Good Financial Decision
According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis.
87% of the homes in Barnegat are owner-occupied. The average sold price rose by over 10% over the same time last year. Homes that sold for over $300,000 increased by 22% and pending sales (under contract) of homes over $300,000 has increased by over 15%. New listings for homes over $400,000 have increased by 56%. … (1 comments)

barnegat real estate agent: A Local Real Estate Professional Makes All the Difference - 06/01/17 03:15 PM
If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”
CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online agent, and 71% would choose a local lender.
Search for homes … (0 comments)

barnegat real estate agent: Is 2017 the Year to Buy Your Dream Home in Ocean County? - 05/08/17 02:27 PM

Is 2017 the Year to Buy Your Dream Home in Ocean County?
If you are considering moving up to your dream home in Ocean County, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:
Freddie Mac - “While full employment and rising inflation are signs of a strong economy, they also have the potential … (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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