buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: Coming Soon in Four Seasons Barnegat - 02/13/19 01:07 PM
 Coming soon to this 55+ community just minutes to the beaches of LBI is a well maintained 2-bedroom, 2-bath home on a cul de sac.  Be the first ones to see this home in prestigious Mirage Four Seasons... contact me today to see this home this weekend!
Clubhouse ar Mirage Four Seasons
Indoor Pool Four Seasons Mirage
Enjoy the beautifully appointed 23,000 square-foot clubhouse which has a large variety of amenities to keep active adults fit and entertained. It houses a large fitness center with spa and sauna, as well as an indoor pool complete with wheelchair lift. There is plenty of space for socializing … (0 comments)

buying a home in barnegat: 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)

buying a home in barnegat: Are You Making More Money? Buy a Home in Barnegat! - 11/16/18 10:20 AM

Wage increases make home buying more affordable. The median sold price for a home in Barnegat is around 241,000, but there are plenty of homes for sale below that price. And with multiple first-time home buyer programs, you can purchase a home in Barnegat today!
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Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.
How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages … (0 comments)

buying a home in barnegat: VA Home Loan Basics - 11/10/18 04:13 AM

The Veterans Administration Loans helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of their mission to serve you, they provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.
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VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.
Some Highlights:
The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 … (2 comments)

buying a home in barnegat: Housing Is Still Affordable in Barnegat! - 11/09/18 04:48 AM

The median sold price for a home in Barnegat for the month of October was $250,000. Over 200 homes under $250,000 sold in Barnegat since the beginning of the year. There are currently over 70 homes under $250,000 for sale in the township.
Search for Homes for Sale in Barnegat
Also, if you’re thinking of selling your home in Barnegat but staying in the township, “move-up” opportunities abound as there are over 250 homes for sale over $250,000.
Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.”
If you are considering selling your current … (1 comments)

buying a home in barnegat: Buy a Home in Ocean County with Zero Down! - 11/02/18 06:33 AM

Still Think You Need 15-20% Down to Buy a Home in Ocean County? Think Again!
According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well!
Ocean County First Time Home-buyer Programs
Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in the national homeownership rate. The study from Urban Institute revealed that nearly a quarter of this generation has the credit and income needed to purchase a home.
Search for Your Dream … (1 comments)

buying a home in barnegat: 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)

buying a home in barnegat: Affordable Housing in Ocean County - 10/12/18 05:12 AM

Home prices in Ocean County continue to rise, but there are still homes available in the $250,00 and less price range. We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?
The reason is that homes were less affordable 25, 20, or even 11 years ago than they are today.
Obviously, buying a home is more … (1 comments)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: 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)

buying a home in barnegat: Is Home Ownership in Ocean County Within Your Grasp? - 05/20/18 09:50 AM

Buying a home in Ocean County can be a daunting task, but we help educate and guide first time home buyers through every step of the process. Our goal is to make buying a home a simple, fun, exciting, and hassle-free experience. (Did you know that if you haven’t owned a home in N.J within the last 3 years, you’re considered a “first time homebuyer?’)
Search for Homes in Ocean County
Some Highlights:
Ocean County First Time Home Buyers Programs According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home … (0 comments)

buying a home in barnegat: 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.
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The … (1 comments)

buying a home in barnegat: 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)

 
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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