buying a home

Can a Home Seller Really Pay the Buyers’ Closing Costs?

A home buyer called me last week about buying his first home. He saved up about $9,000 that he wanted to use for his downpayment and was so excited that he’s finally going to be a homeowner! His face dropped when I asked him if he had any money set aside for closing costs. He wasn’t aware that the closing costs alone on a home that he was hoping to buy would be in the $6,000 range. Closing costs are the costs associated with purchasing a home and include such things as the title, title insurance… Continue Reading Can a Home Seller Really Pay the Buyers’ Closing Costs?

“NJ Teachers at Home” Real Estate Program for Buying, Selling saves you thousands!

I’m excited to let you know about a new program “New Jersey Teachers at Home,” that I’ve been authorized to offer to

teachers, saving them up to 2% to 3% of their mortgage amount when buying a home and can also save money when selling a home.
This program completely eliminates the following fees on your loan:

Application Fee

Processing Fee

Commitment Fee

Underwriting Fee

Commitment Points

This program is open to all of the following:

public school or … Continue Reading “NJ Teachers at Home” Real Estate Program for Buying, Selling saves you thousands!

January 2014 New Jersey Real Estate Update — Which way is it tipping?

January 28, 2014 — Snow and record cold temperatures are not preventing buyers from looking for and buying homes this winter. Many years we’d just be gearing up for the onslaught of Spring buyers as sellers contemplate getting their homes on the market when the weather gets nicer. But now, we’re seeeing droves of buyers flocking to open houses, calling our office and making online appointments to see whatever homes are on the market now. Not only are they looking at homes, they are serious … Continue Reading January 2014 New Jersey Real Estate Update — Which way is it tipping?

April 2013 Real Estate Buyers Market Update — Central New Jersey

April 2013 — The real estate market has heated up and homes are selling very quickly. There is a shortage of homes for sale and buyers need to be quick, they need to be ready and they need an experienced, efficient Realtor on their side to help them navigate their choices in a very timely manner. Homes in West Windsor, South Brunswick, Plainsboro, Hamilton, Princeton and all the surrounding areas are moving quickly.

Take a look at the video and give me a call so we can get you into the r… Continue Reading April 2013 Real Estate Buyers Market Update — Central New Jersey

What happened to all the townhouses for sale in West Windsor and Plainsboro?

 

 
Where are all the Townhouses for sale in West Windsor and Plainsboro?
You’ve might have been looking for a townhome in West Windsor or Plainsboro and aren’t finding any — or if you do, they’re sold before you get a chance to either see it or make an offer.  It’s true there is a real shortage of homes for sale, not just townhouses, in the Princeton Junction area. I’ve seen plenty of homes in recent weeks sell with up to 6 or 7 competing offers within days of coming on the… Continue Reading What happened to all the townhouses for sale in West Windsor and Plainsboro?

Why December May Be The Best Time To Buy A Home

 

Many homebuyers wait until after the new year to start looking for a home. Sometimes, however, you can find the best deals and beat the rush by looking and buying in December. Many home sellers that are selling in December are very motivated and are ready to make a deal. The Spring market will have a lot more buyers and more competition for homes, which may make it more difficult to buy a home when there are multiple offers and homes sell quicker before you may get a chance to see … Continue Reading Why December May Be The Best Time To Buy A Home

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December 2012 Year End Real Estate Market Update

December 2012 — The Central New Jersey real estate market really heated up this past year. It’s obvious that the market had previously hit bottom and is on it’s way up: homes are selling at a fast pace, there are a lot of buyers looking and buying homes; many homes have had multiple, competing offers and have sold at or above the asking price; and in some areas there is a real shortage of homes for sale.

For example, in West Windsor and Plainsboro, we’ve seen a lot of buyer activity and ho… Continue Reading December 2012 Year End Real Estate Market Update

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What a Home’s ‘Assessed Value’ Means to a NJ Home Buyer

 

 

In New Jersey, homes are assessed every 10 years in each municipality by the tax assessor. During that 10 year period the home’s value obviously increases or decreases, as well as the annual property taxes, but the assessed value remains the same. Many home buyers mistakenly believe the assessed value is what the home is currently worth. If this were true, then home values would only change once every 10 years! This assessed value bears little relation to market value.

Continue Reading What a Home’s ‘Assessed Value’ Means to a NJ Home Buyer

Waiting for the Real Estate Market in NJ to Hit Bottom May End Up Costing You More!

 

 

 

Has the real estate market in New Jersey hit the bottom? It might be irrelevant. Prices certainly seemed to have stabilized and are even on an upward trend in parts of New Jersey. However, one thing that is almost certain is that mortgage interest rates hit their low during the Fall of 2010 and have been headed up since then. Most economists agree that mortgage rates are likely to increase in the near future. Even if home prices do fall further, the higher mortg… Continue Reading Waiting for the Real Estate Market in NJ to Hit Bottom May End Up Costing You More!

Five Steps to Home Buying in NJ

Nearly every home buyer eventually asks, “Okay, I like this home, how do we go forward, how do we make an offer?” So that you are more comfortable and knowledgeable about buying a home, I’ll give you the outline of events to get your from choosing the home you want to buy to the closing.
The basic steps to making an offering and following through to closing are:

Decide on an offering price and put the offer in writing

Upon acceptance of the offer the Attorney Review Period begins

Continue Reading Five Steps to Home Buying in NJ

How Low Can You Go: Making a Realistic Offer on a Home

Watching national news reports, an inexperienced homebuyer in NJ might think that the housing market is really suffering; that homeowners are begging buyers to take their homes; that you can offer 50% off the asking price and the seller will thank you for such a generous offer. The reality in this market is that homes are selling, sometimes with multiple offers, sometimes over asking price (yes this is 2011, not 2006), and they are selling fairly close to the asking prices.
Recently I’ve spoken… Continue Reading How Low Can You Go: Making a Realistic Offer on a Home

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