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Investing in Summit, NJ real estate is more then just buying a home. It transcends your needs for shelter into an investment vehicle unlike no other. When it comes to real estate, appreciation is inevitable, yet the rate of appreciation is truly the vital question. Consistently Summit, NJ’s real estate market appreciates faster then its surrounding area. In fact Summit’s appreciation is always above the national and state averages no matter what type of real estate market trends are being... Read Full Post

In the past week I have been asked about six times what my website, http://www.michaelpennisi.com, offers that may be of interest to check out. It just so happens that one of my blogs, “The Buying Process Part 1″ was selected to be featured on Realtor.com’s Let’s Talk Real Estate Section. Just in case your interested the link is “The Buying Process Part 1″ . This feature not only inspired an immediate increase in traffic to my site, but has also caused a number of clients, co-work... Read Full Post

During a recent appointment with one of my clients I was asked to explain the buying process. This client, a first time buyer unfamiliar with the process, explained that every step after the initial offer was a mystery. Consequently, I explained the process in detail offering examples where I felt they were necessary. Slowly it began to make sense and I watched as my client began to feel a bit more at eased. Helping a client feel more comfortable and relieving stress is always a positive aspe... Read Full Post

The Four Components to a Successful Offer 1. Questions for the Seller- Is there any other interest on the property? Have any offers been made? Are any offers currently being considered? Have any offers been accepted? If yes, what happened to the contract? These are all examples of questions your realtor should be asking the listing agent because each is crucial to writing offer. Does the listing agent have to answer these questions? No, but the majority of these agents will. Below are a coupl... Read Full Post

3. Personal Motivation - In real estate motivation is the key to every transaction. How motivated the seller is will dictate the listing price. How motivated a buyer is will dictate how much money they would be willing to spend on a home. Before writing an offer to purchase a buyer should always consider his/her motivation because the offer should reflect that motivation. If a buyer is extremely motivated in buying a home he/she may consider offering a higher offer from the start. Why risk lo... Read Full Post

Real estate professionals assist their clients in buying or selling the biggest investment of their lives. Many of these transactions are more financially crucial to a client’s investment future then those dealings handled by stock brokers, bankers, or even attorneys. You would think that a profession accountable for such an important task would be considered a prestigious occupation. Real estate agents, however, have acquired a label much less positive then their tasks would suggest. Much ... Read Full Post