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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      South Orange NJ Real Estate

Update:  New Open House Being held for this listing South Orange NJ Open House

        Open House Sunday 1-4pm January 27th 2008.

Wonderful Newer Construction (1999) Home in South Orange's Upper Wyoming Section.

James Boyer REALTOR® Presents

88 Jessica Way South Orange NJ 07079

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For More Pictures, A Virtual Tour Of This Fine Home, & A Full MLS Search Visit Our Website South Orange NJ Real Estate.  The Virtual Tour is on the Featured Homes For Sale page

Stunning Colonial with breathtaking views of NYC Manhattan. Magnificent entrance foyer with turned staircase, custom kitchen, spacious rooms, gleaming wood floors.   All on New Jersey's Midtown Direct Train Line taking…

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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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So what did I learn about our local real estate markets from the Otteau Valuation Group?  I learned that in New Jersey people are moving back to the train line towns.  So for towns like Madison NJ, Chatham NJ & Summit NJ home prices are holding up quite well. 

While some parts of New Jersey have 12 or more months supply of homes on the market, Madison NJ currently has 4 months supply and Chatham NJ currently has 3 months supply and Summit NJ currently has 4 months supply.  While I assure you it is not a sellers market in these 3 towns, generally you have a even market when you have about 6 or 7 months supply of homes for say in a given town.

With fuel prices remaining high, and commuting times by car ever increasing look for this trend to continue, and…

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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