Congratulations Hunterdon County, NJ Homeowners; we made the BloomburgNews yesterday; however, I don't think this was the news we wanted to hear: "Hunterdon County residents pay a median $8,216 in residential property tax per year. That's more than any other county in the U.S., according to Washington-based think tank the Tax Foundation, which cites U.S. Census Bureau estimates from 2005 to 2009." With home sales down and taxes up , indications are we have not reached the bottom of the hunterdon county real estate market yet. We are still navigating in choppy (economic) waters.
The big question for many of today's Hunterdon County NJ Homeowners is "Should I stay or should I go?". To find the right answer, dig a little deeper and ask yourself these questions (honestly!):
1. WHY MOVE? You may be ready to retire. You may need to downsize to a more affordable area. You may want to relocate for a better job. Whatever your reasons, you need to get all the facts to make a good decision for your future. That begins with a thorough Market Analysis from an experienced Realtor® that will provide a clear and concise report of where the market has been and where it is going. Today's market is complicated and you need all the information to make your best decisions.
2. WHEN DO YOU WANT TO SELL? The answer to this question is a matter of price. If your cash reserve is 3 months or less, you may need to sell quickly. If you'd "like" to retire now, what will postponing your retirement mean to you? If you are relocating for a job that starts in 2 weeks, do you have enough income to cover housing in both places until your home is sold? It's a matter of price. It may not be a good idea to price your home above the market and not find a buyer. This may cost you more in the long run. That's why you should understand everything provided in the Market Analysis that your Realtor® provides.
3. WHAT ARE YOUR OPTIONS? If the numbers don't add up to move right away, explore your options. I'm always surprised to hear my customers say they have no options. There are always options, whether you can readily see them at first, or not. Take a look at each of your options (like them or not) to see what makes the best sense for you. Remember, doing nothing is one of your options, but like all options it comes with consequences.
4. WHERE WILL YOU BE...? Whenever making a life changing decision, ask yourself, "based on this decision and the information I now have, where will I be in five years, ten years, etc.". For example, if you don't move and the market stays flat or goes down, do you have enough finances to carry you? If you sell and move, will your finances cover your relocation? Whether you are ready or not, don't make a move until you've read my free 50+ page comprehensive market evaluation of your home! It shows you where the market is (and why), plus it tells you where the market is going, so you can make a well informed decision. Order your copy today at NJNeighborhoodSales.com . Also, see how I successfully market and sell homes fast at: HomeSellerBrochure.com. Call me today at (908) 537-6596.