Morristown NJ Home Buyers, Did you know, the Federal Reserve has cut the interest rate they charge banks 1.25% over the past few weeks? This could have a huge effect on the home you can now afford to purchase in Morristown NJ or other surrounding towns.

Have you talked with your mortgage person lately?   With every 1% mortgage interest rate reduction the typical mortgage payment drops 9%. This can make a huge difference in the home you can afford. For example, if you thought that the highest home price you could afford was $600,000 you could move that number up to $654,000 with a 1% mortgage interest rate cut, and still have approximately the same mortgage payment.  I have a feeling that interest rates are not going to be staying down at these levels for… Read Full Post

Many home sellers here in New Jersey seem to be totally in the dark about this question.  These home sellers do not seem to understand that today's home buyer does not wish to deal with contractors, trying to be creative in figuring out how to update a home which has not been up to date since it was built 30 to 50 years ago.

Today's New Jersey home buyer is looking for the following:

• Fresh and contemporary colors
• New or newer appliances in the Kitchen
• New or in very good shape cabinets in the kitchen which accentuate the positives of the home not the negatives of the home.
• Up to date bathrooms.
• Great curb appeal, many times a home buyer will not even go into a home which does not have this.

If you look at your home with a…

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With The Latest Interest Rate Cute, The New Jersey Midtown Direct Real Estate Markets Should Strengthen Even More!!

January 26th 2008 and the buyers keep coming out of the wood work.  This sure is not like January 2007 when NJ REALTORS may as well have gone on vacation for a few months for the few actual home buyers who were at at that time.  This year January feels more like a typical April Real Estate market. 

One problem though!  There sure are not that many homes out there which are properly priced.  Too many New Jersey home sellers still have there homes priced more than 5% above where their house should be priced.  OK I said 5% but that 5% is a magic number, usually home buyers don't even want to look at homes which are that much or more over…

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The Morris County Parks Commission based in Morris Twp NJ is trying to put together a plan to rehab as many as 9 dams some of which have been deemed unsafe.  The dams being looked at include the following:

Kay Pond Dam, in the Black River Park in Chester Township

Ledell's Park Dam, in Lewis Morris Park in Mendham Township

Oak Ridge Lake dam at the Berkshire Valley Golf Course in Jefferson

Sunrise Lake dam at Lewis Morris Park in Mendham Township

Loantaka Brook dam in Morris Township

Black River dam and the Windy Hill dam at Black River Park in Chester Township

Pyramid Mountain Park dam in Montville

Doland dam in Boonton Township

The Morris County park commission is seeking bids, which are due Jan. 31, for individual costs to rehabilitate the nine…

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There is a dirty little secret that some New Jersey Real Estate listing agents are keeping.  This little secret eventually gets out but usually not until it is to late for the home owner or anyone else to do anything about it.

It all starts with the real estate commission which is negotiated at the time that the home owners sign their listing agreement.  What happens is a decision is made as to how that total commission is to be split.  The normal practice is to split the commission 50/50 between the listing agent and the buyers agent.  Sometimes when the listing agent is trying very hard to bring in a buyer quickly the listing agent will pay out a higher commission to the buyers agent as a incentive to get more showings.  Same thing that many car…

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Since the 2nd of January my phone 973-647-0253 has been ringing constantly with new home buyers wanting information one Midtown Direct town or another.  Even relocating home buyers know that it is more advantageous for future home appreciation to be on the Midtown Direct train line than to be in one of the towns which are not served by the train system.

2008 seems to be starting off much stronger than 2007 ended.  I personally have 5 pending sales as I write this, but here is the rub, I talk with many local REALTORS every day, most of them are seeking feedback from showings I have had with buyers at these real estate agents listings.  They talk about how slow the New Jersey Real Estate market is, and how they just hate to sit another open house at such…

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Thinking of buying a New Jersey Luxury Home?

But you would like reasonable property taxes?  Come home to Morris County New Jersey.  Here you can purchase Luxury NJ Real Estate and pay property taxes more like your average Essex County Short Hills home.

In Morris County you can find homes similar to the home pictured for $1,000,000 to $2,000,000 verses paying $3,000,000 or more in Essex and Union Counties.  The home pictured is 6 Bedrooms 6 Baths about 7500 Sqft and stunning to say the least.  It sold for about 1.4 million dollars.

When thinking of buying or selling a home in Morris County New Jersey be sure to give James Boyer REALTOR a call 973-647-0253.  Your Professional Morristown Real Estate and surrounding communities expert.

To see the 2007…

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Selling a home on a busy street requires a determined seller who emphasizes the positive aspects of the home.  Well-manicured yard with tons of curb appeal?  Check.  Over-sized lot with zoning options for a professional home office? Double Check.  According to many real estate professionals experienced in selling homes on busy streets, those with a double yellow lines painted down the middle, these are just a few ways to attract interest. These positive aspects and others will help you to reach your goal of an Under Contract Sign in your front yard.   There are advantages to having a home on a busy street.  There's more traffic coming by -- more potential buyers are seeing the property daily.   It is important that your Realtor uses a larger more… Read Full Post