buying a home: 3 Signs the Housing Market is on the Rebound - 10/09/19 06:47 AM
The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound.
1. Existing Home Sales (closed sales) are up, marking two consecutive months of growth.
2. Pending Home Sales (contracts signed) are up with each of the four major regions reporting both month-over-month growth and year-over-year gains in contract activity.
Here is the month-over-month growth:
The Northeast rose 0.7% The Midwest increased 0.6% The South increased 1.4% The West grew 3.1% 3. Buyer Traffic (the number of people shopping for a home) is up compared to the same time … (5 comments)

buying a home: How are home values affected by Recession? - 09/02/19 09:56 AM

Some Highlights: There is plenty of talk in the media about a pending economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th. Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.  
Originally published at:

buying a home: Labor Day and the American Dream - 09/02/19 09:40 AM
On Labor Day we celebrate the hard work that helps us achieve the American Dream.
Growing up, many of us thought about our future lives with great ambition. We drew pictures of what jobs we wanted to have and where we would live as a representation of a secure life for ourselves and our families. Today we celebrate the workers that make this country a place where those dreams can become a reality.
According to Wikipedia,
“Labor Day honors the American labor movement and the contributions that workers have made to the development, growth, endurance, strength, security, prosperity, productivity, laws, sustainability, persistence, structure, and well-being of the country.”
The hard … (4 comments)

buying a home: What do millionaires wish they'd known? - 08/07/19 05:04 AM
Millionaire to Millennials: The Costly Mistake of Not Buying Now

On his personal website, self-made millionaire David Bach makes a striking statement:
 “Not prioritizing homeownership is the single biggest mistake millennials are making.” 
He further stated, “Buying a home is an escalator to wealth.”
Bach explains:
“Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none.”
He then elaborates on the game of homeownership:
“Start by crunching the numbers…actually do the math...This way, you’re really clear on your goals and you … (3 comments)

buying a home: Down-payment Facts - 08/07/19 04:57 AM
How Much Do You Know About Down Payments?
Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two today.
1. How much do you really need for a down payment? There is a long-standing misconception about down payment requirements. A survey from Fannie Mae shows only 17% of consumers know the minimum options are actually between 1 - 5% of the purchase price and 40% don’t know how … (5 comments)

buying a home: I'll tell you when it's time to worry - 07/26/19 07:40 AM
Home buyers and home sellers worry. 
They worry about getting ready to sell.
We can help.
They worry about how much money it will cost.
We can help.
They worry about finding the perfect home.
We can help.
Team Zuhl does the worrying for you. Relax. We've got you.
Call Team Zuhl and get ready for a worry free real estate deal!

buying a home: Ready to spread your wings? - 07/25/19 06:45 AM
I think Henry David Thoreau was speaking directly to me when he said, "I would rather sit on a pumpkin and have it all to myself, than be crowded on a velvet cushion." How's your housing situation?Are you sitting shoulder to shoulder?Do you understand the plight of the poor sardine? Need to stretch a bit?Got more stuff than room?When you're ready to get a little more space, we can help.Lots of big roomy houses are on the market with plenty of closets, bathrooms, storage, and bedrooms to give you the space you need to spread your wings.Call us to get a look at … (5 comments)

buying a home: I see your future - 07/20/19 07:27 AM
We're not fortune tellers.
But we do know the real estate market. We should - we've been studying it for 11 years. 
Buying a home is going to get more expensive in the next year.
Mortgage interest rates, which are now about 3.75%, are predicted to increase to 4% by the end of 2019 and then to 4.3% by the end of next year.
If you borrow $250,000, this will cost you an additional $84.88 per month. 
What are you waiting for? 
Originally published at:

buying a home: How will your housing change in 10 years? - 07/19/19 10:00 AM
Have you seen FaceApp? It's a fun way to let your phone predict what you're going to look like in 10 years.
There's some speculation that FaceApp is actually a sneaky way for someone to steal your information (Russia?) so I'm not necessarily advocating you use FaceApp, but what if you could use it to see what your housing situation would look like in 10 years?
Where do you want to be living?  Do you want to continue renting? Do you want to move up to a bigger house or downsize to a smaller house? Where do you see yourself in 10 years?
Wherever … (0 comments)

buying a home: Are you ready to buy a house? - 07/18/19 11:57 AM
Are you thinking about buying your first house? 
Here are the demographics of the typical first time homebuyer. Are you one of them?
If you're renting, you're essentially paying someone ELSE's mortgage. When THEY sell the property, all of the rental payments you've been making will be in THEIR pocket, not yours.  
Home ownership forces you to save money, in the form of equity in your home, rather than give it to someone else to save as their own equity.
Since you're paying for housing whether you rent or own, you might as well be building your own equity!
Five Powerful Reasons to Own Instead of … (2 comments)

buying a home: Home Prices Going Up? - 07/16/19 06:58 AM
We're Realtors (R). Not market forecasters. But we read market forecasters with the same enthusiasm our snow removal guy reads weather forecasts. Here's what they're saying.
Six market forecasters -including Freddie Mac and Fannie Mae as well as the National Association of Realtors, the Mortgage Bankers Association and the Home Price Expectation Survey - are predicting a 2.8-4.7% in home prices for the second half of 2019 and another 2.8-3.5% increase for 2020.
This is a great time to make an investment in real estate and a great time for first time home buyers getting in to the market!
Originally published at

buying a home: How old were you when you bought your first house? - 07/15/19 06:57 AM
Say what you want about millenials - they're certainly participating in the real estate market!
They know a good deal when they see one. The median age of all first time homebuyers was 32 this year - slightly higher for single men or single women. 52% of all first time home buyers were married couples.
I was 26 when I bought my first house and lived there for 14 years before buying the house that we're living in now. Best financial and emotional investments of my life!
How old were you when you bought your first house?
Originally published at

buying a home: Are YOU as "Mortgage Ready? as these Millennials? - 01/26/19 07:58 AM

When someone uses the term "millennials," most people don't immediately think of financial stability or homeownership. But according to a new study, more millennials than ever are ready, willing, and able to purchase property in today's market.
A recent study from Urban Institute, which analyzed data from the 31 largest metropolitan statistical areas, found that 19 million millennials across the US are "mortgage ready," which is defined as being no older than 40, not already having a mortgage, and having ample credit to qualify for a traditional loan (which includes a credit score of 620 or above and no recent credit issues, … (6 comments)

buying a home: How hard did Renting hit you? - 01/20/19 06:42 AM
We'll play along with the "How hard did aging hit you?" challenge on social media these days.
Here we are on our very first vacation together in December of 2001.
And here we are a few weeks ago, December 2018.
Older for sure. Happier. 
Just as important is how hard your housing choices have hit you. If you're still renting, it's time to step up your game and own your own home!
Call us when you're ready to step in to 2019 and make the changes you need to own your own home!

buying a home: Crowdfunding your Downpayment? - 01/12/19 01:03 PM

For many potential buyers, one of the biggest obstacles on the road to homeownership is saving for a down payment. But thanks to a new technology trend, some savvy buyers are turning to their friends, family, and social networks for help.
While crowdfunding has long been a popular trend, until recently it's been mostly limited to the business world. But according to a recent article in The Wall Street Journal, crowdfunding for home purchases is on the rise. There's even a crowdfunding platform specifically for homeowners. HomeFundMe is the first crowdfunding platform specifically targeted to potential homeowners looking to crowdfund a down … (4 comments)

buying a home: Crowded? - 05/06/18 11:42 AM
Even the most spacious rental has its shortcomings. For starters, there is never enough closet space. Few rentals have more than two bedrooms, so if you want a guest room or have a child or two or three, you're going to be crowded.
The joy of summer evenings on your patio or a barbecue and some good friends aren't available for most renters. Some renters can't have pets, and some renters are limited in home decor choices with either a requirement for carpet or an inflexible palette for paint.
But those reasons don't even come close to what investors and industry experts call … (3 comments)

buying a home: Just Listed!!! 326 N. Stiles Street, Linden - 06/26/17 12:31 PM
Team Zuhl
Are very excited to announce their newest listing
326 N. Stiles Street
in Linden
This expanded 1/2 Duplex features 3 bedrooms, 2 full bathrooms, a large unfinished basement and an Eat-In Kitchen.  The home has beautiful hardwood flooring in many of the rooms.  A double width driveway makes backing out very easy! The kitchen needs updating, but the home is move in ready.
Located near the Linden Train Station, mass transit, restaurants, shopping,  and much, much more.  Very easy access to Route 1, the Garden State Parkway and the New Jersey Turnpike.
Taxes are only $7198.
The home is listed for only $219,000!!!
For more information or … (5 comments)

buying a home: What are the Benefits of Owning a Home? - 03/04/17 03:56 PM
Owning your own home is great.
There's the benefit to your health - living in poor housing increases exposure to toxic substances, increases injuries, and decreases mental health. Homeowners report higher life satisfaction and higher self esteem. Homeowners are more politically active than non-homeowners and are more likely to participate in voluntary organizations and to attend church. Buying a home costs less than renting a home. The children of homeowners are more likely to stay in school and have higher levels of academic achievement than the children of renters. Owning a home provides family stability. Then there are the tax benefits. Homeowners can deduct: points paid on your mortgage. interest paid … (8 comments)

buying a home: Home Buyer Seminar - September 6, 2016 - 09/05/16 02:58 AM
This Tuesday, September 6th, starting at 7pm will be a Home Buyer Seminar held at Clear Touch Massage (29 Alden Street, Cranford.)
Anyone is welcomed to attend.  There is NO CHARGE or obligation whatsoever.  Speaking at the event will be Wayne Zuhl of Hallmark Realtors, Denise Stark from Capital One Mortgage, Jerry Yao from Clear Skies Title, Casey Egger from the Avant Law Firm and Gary Carvalho from Prudential Insurance.  The speakers will each talk about their expertise in the process of buying or selling a home.  There will also be a question and answer period.
The event begins at 7am and will … (6 comments)

buying a home: Should you wait to buy a house? - 09/03/16 12:11 AM
The housing market has stabilized and more and more renters are considering buying the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 4%.
Renters should understand that waiting to buy probably doesn’t make sense. As mortgage rates increase, the price of the house you can afford will decrease.
Look at this chart:
If you look at the left column, you can see the mortgage rates, and across the top are home prices. We’ve highlighted mortgage payments of around $1860 at each mortgage rate and you can see that at … (11 comments)

Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Samsel & Associates) Rainmaker large

Wayne and Jean Marie Zuhl

The Last Names You'll Ever Need in Real Estate

Clark, NJ

More about me…

Samsel & Associates

Address: 68 Washington Street, Clark, NJ, 07066

Office: (908) 514-4105 x 5

Mobile: (908) 917-4189

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Musings from Union County, NJ




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