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Wonderful Fully Renovated 3 Bedroom Home

Fresh On The Market & Priced to Sell $494,500

48 James Street, Morristown, New Jersey 07960 

Open House Sunday September 30th 2007 1pm to 4pm

  

 

 

 

 

 

 

 

 

  

 

 

 

 

 Want to see more pictures www.48jamesstreet.com

 Property Details

• 3 Bedrooms
• 1 Bath
• Formal Dining Room
• Better Than Move In Condition 
• Trex Style Deck
• Maintenance Free Privacy Fence
• All New Windows
• New Roof
• New Siding
• Fresh Paint
• Refinished floors
• New New New

Magnificent 3 bedroom, wonderful outdoor spaces as well as indoor spaces.  Pride in ownership is evident with this home.   Fabulous gourmet…

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It is that time of the week again.  Time to look at the homes that are actively for sale in the Midtown Direct towns.  In the past few weeks we started to see inventory and days on market starting to build again.  This week continues that trend.  It is not that a over abundance of homes are being listed, it is just that the banks are not lending and so many people who should be able to get a mortgage cannot, and many people have been so frightened by the news media, that they will not even look at homes.

The Federal Reserve has cut interest rates one half of a point so far.  What good does this do though if the banks will not lend?  Interest rates could be at zero but if the banks will not right loans to the average American it just will not matter. …

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As the major condo projects near the Morristown central green continue to move forward, one condo project in Morristown New Jersey will not be moving forward anytime soon. 

Plute Homes had gained approval to develop  a site on Court Street in Morristown, just behind and above the Morris County Courthouse.  This site is a very steep, and difficult piece of land and rock to put any sort of development.  Prior to getting approval for this development there were 6 homes on this mountain like property, but they have since been torn down.  Now the lot is full of weeds and not much else.

Plute Homes had planed to build a 66 unit project on the 1.3 acre lot, with 4 of them being townhomes and the rest being condominiums.  Along with these Plute was going to…

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The Federal Reserve cut interest rates this week.  Does this help to solve the problems in the national real estate markets.  Not really, first off there is no such thing as national real estate markets.  There is barley such a thing as a New Jersey real estate market.

Back the what the Fed did,  they cut interest rates half a point this week.  This is a step in the right direction, but by far is not the solution to the problem.  Here in Morris County, Union County, & Essex County New Jersey almost every home buyer needs to borrow more than $417,000 to purchase a home.  The type of loan home buyers need to get here is New Jersey is what is called a non conforming loan.  These are loans that are not insured by Friedy Mac or Fannie Mae.  Currently if you…

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HIGHEST BIDDER
Many home sellers select their Realtor based on which one told them that he / she could get the most money for their home.  Truth is there are a certain number of Realtors out there who will tell you any price they think you are looking to hear, knowing that they can always force you to price reduce later.

 

Bad idea – higher asking price means more days on the market, less qualified buyer, and smaller chance of getting a full market value offer quickly.

 

FAMILY BUSINESS
”We listed with Joe because he’s a friend of a family.” Never mind that Joe only works part-time and has never actually sold a house in the area – or sold a house at all.

 

Consider your agent’s experience, marketing plan, and marketing skills before you… Read Full Post

  More national real estate news that brings you in with the shocking headline gets you to read it then tells you exactly what you already know.   In a Les Christie, CNNMoney.com staff writer September 19 2007. The headline practically screams at you “Double digit home price drops coming”. The average consumer reads the headline and thinks that is what will happen everywhere. But is it the truth as they say every week at the Rotary club? Nope, it is not the truth, it is yet another case of the news media using your fears to suck you in.   What is the truth for North New Jersey home and real estate buyers? The truth is that yes we are in a buyers market. Yes in some towns we have seen price declines. Yes if you are a home buyer you can currently get… Read Full Post

  The perfect storm continues. Buyers are scared; Sub prime mortgage fallout is still a huge problem. It looks like we are starting to see housing inventory starting to pile up again. All not good signs for home sellers hoping to get high prices for their real estate.   This is the perfect time for a home buyer with good credit to step in and get a great deal on New Jersey real estate.   Here are the numbers for the New Jersey towns along the Midtown Direct train line. Active Listings Town DOM  Av - Price 146 Morristown NJ 94.5  $   504,897.00 155 Morris… Read Full Post

September 30th 2007 noon to 5pm rain or shine the Morristown Festival will go forward.

The Morristown Festival on the central green is always a much anticipated event.  Every year rain or shine more than 50,000 people turn out for this fall event.  This year is extra special in that the central green is currently undergoing a huge rejuvenation.  Work is planed to be finished in time for the Festival.  Come out and see all the wonderful work that has been done and see our beautiful Morristown Downtown and Central Green.

Morristown is such a beautiful and friendly place, why not come out and see why we all love the Morristown NJ downtown so much.  Take a walking tour of the Morristown central green and downtown (here you will find many current pictures of…

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