Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Contact Perri K. Feldman 973.650.4727

Buying a Home in NJ Category

Facts About New Jersey

February 7th, 2008 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers | 5 Comments »

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Every  couple of months I get this email about New Jersey "truisms" that this Jersey Girl can appreciate...so I thought I would share it with you.   This latest email came from Debbi out of Blaine, Minnesota from my Millburn High School graduating class (way back when.) Facts about NJ If you've ever lived in Jersey...you'll appreciate this!!! New Jersey is a peninsula. Highlands, New Jersey has the highest elevation along the entire eastern seaboard, from Maine to Florida. New Jersey is the only state where all...Continue Reading!

Summit New Jersey 2007 Home Sales

January 29th, 2008 | Filed Under: Buying a Home in NJ, Recent New Jersey Home Sales, Summit Living | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

There was nothing average about Summit New Jersey Real Estate in 2007 based on the figures from the Garden State MLS:                           In 2007, more homes were sold, at higher prices than the year before...but, it took a little longer: Average Sale Price was up 11% Number of Homes Listed was up 4% Highest Price Home Sold was up by $2,000,000 What does this mean for buyers thinking of moving to Summit, New Jersey...now is the time to buy, with new lower interest rates on...Continue Reading!

Madison, NJ 2007 Home Sales

January 29th, 2008 | Filed Under: Buying a Home in NJ, Madison Living, Recent New Jersey Home Sales | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Sales of Homes in Madison, New Jersey remained strong in 2007 as you can see. Madison has seen quite a bit of new construction in the Hill and Dellwood Sections ($2.0 mill +), bringing up the average price of homes in town. The strength of Madison schools, the exciting downtown and its place on the Midtown Direct Train line all help to keep Madison as one of the premier towns to live in New Jersey. There are currently 59 homes on the market...Continue Reading!

More Money for New Jersey Home Buyers?

January 23rd, 2008 | Filed Under: Buying a Home in NJ, NJ Mortgage Update, Real Estate News | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Tuesday, January 22, 2008 Fed Lowered Interest Rates and New Jersey Home Buyers May Benefit  Steve Lupton of Metrocities Mortgage Sent Me the Following Alert I Wanted to Share: NEWS ALERT!!!! 1.  Today, the Fed lowered both the Fed Funds Rate and the Discount Rate by 75 basis points.  This unusually aggressive move is an acknowledgement that equity and credit market issues are threatening growth in the real economies throughout the world. 2.  As of Friday Jan 18th, all of the S&P gains from 2007 were...Continue Reading!

First Time Home Buyers–Beware!!!

December 22nd, 2007 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers | 4 Comments »

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Another First Time Home Buyer Disaster Please Dont Let This Happen to You Janis Gagliardi, a real estate expert in Port Orange Florida, shared this DISASTER story of a First Time Buyer in her PortOrangeJuice. Anyone, Anywhere in the country buying their first home should follow her advice: €œWe searched and found a beautiful home for a young couple a few months back and successful negotiated and went under contract. The couple was pre approved by their lender and had provided the document to the...Continue Reading!

Zillow Has New Smart Search Feature For Buyers & Sellers

December 19th, 2007 | Filed Under: Buying a Home in NJ, Selling A Home in NJ | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Zillow does it again...maybe. Just read this post on Future of Real Estate Marketing about Zillow. "The launch of their new Smart Search functionality tells you exactly how many listings the company has in its database, from a top level State search right down in to individual neighborhoods. Its kind of fun surfing around the country (zoom out to the USA level on their map) and seeing whats out there (according to Zillow anyway)." Thanks Joel, I know buyers and sellers of real estate in New Jersey...Continue Reading!

Requirements on Jumbo Loans Just Got Tighter From Wells Fargo

December 17th, 2007 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers, NJ Mortgage Update | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Wells Fargo is tightening the guidelines on a regular basis. You may not be in a distressed area but the guidelines are much tighter then 6 months ago and far tighter versus a year ago. Wells Fargo has increased the FICO requirement on jumbo loans from 620 to now a minimum score of 680.  The max DTI went from 50% down to 45%.  I know Wells Fargo is usually the front runner in jumbo pricing so if you are quoting a rate...Continue Reading!

The Real Skinny on the Subprime Freeze Plan: Who’s Left Out

December 12th, 2007 | Filed Under: Buying a Home in NJ, NJ First Time Home Buyers, NJ Mortgage Update | Leave A Comment

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

Just came across this article from CNN:Money.com that helps to explain the subprime freeze plan on interest rates €“ it looks like the majority of the people out there in this situation may not qualify for the assistance they so desperately need. Your buyers are sure to appreciate this insight The new foreclosure prevention program may leave out most distressed subprime borrowers. // Uses both the shortcut for $(document).ready() //...Continue Reading!

What is Title Insurance & Why Do I Need It?

December 3rd, 2007 | Filed Under: Buying a Home in NJ, Condo & Townhouse Living in NJ, NJ First Time Home Buyers, NJ Real Estate Laws | 4 Comments »

Short Hills, Millburn, Livingston, New Jersey and Midtown Direct Real Estate, Home Buying and Selling, Top Realtor, Perri K. Feldman

For many Americans, the purchase of a home is the single largest investment they will ever make.  Home-ownership is an integral part of the American dream, yet like anything else, purchasing a home comes with certain risks.  Homeowners insurance and flood insurance help protect you from loss or damage due to theft, fire, or acts of nature. But what if your ownership itself was challenged?  Title insurance protects property owners or others with a financial interest (such as a mortgage lender) from loss...Continue Reading!

About Perri

Perri K. Feldman

"Perri was very reactive AND proactive. Clearly, she has an excellent grasp of the towns and counties she covers and went the extra mile to educate us on an area we were not entirely familiar with." Steve & Laura Lee

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About Perri

Perri K. Feldman

Contact Perri K. Feldman Your Neighborhood Expert

Mobile 973.650.4727

Office 973-376-0033

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