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Home Buyer Tax Credit Ends Dec 1st

Did you know that the Home Buyer Tax Credit can now be used for closing costs with FHA-approved lenders? But “first-time home buyers” only have until December 1, 2009 to purchase their principal residence to take advantage of the credit. The National Association of Realtors (NAR) has a very valuable website: http://www.housingmarketfacts.com/ with easy to understand question and answers […]

How is the Millburn/Short Hills Real Estate Market?

At lunch yesterday after the Center Court Member Guest, I was asked How is the Millburn/Short Hills Real Estate Market?  Houses are moving after a sluggish early spring, especially if they are priced right! And, what priced houses are moving? In the past month, 35 homes have gone under contract at all different price points 5   […]

South Orange is Still Hot for NYC Commuters

South Orange is a Terrific Town for First Time Home Buyers. Danielle Elliot writes in  South Orange Patch  how desirable Midtown Direct Train communities are for NYC transplants. Perri Feldman, a realtor with the Summit-based Keller Williams, says the sluggish economy hasnt substantially slowed the trend. At least 80 percent of her clients are from […]

New Jersey Mortgage Rates Plunge

Finally, some good news for New Jersey home buyers near the Midtown Direct Train line. In a move to increase credit availability, the Federal Reserve and Federal Home Loan Banks announced that they would purchase up to $600 billion in Mortgage-Backed Securities (MBS), exciting news that sent interest rates for 30-year fixed-rate mortgages plummeting below 6.00% […]

The House Burned Down 24 Hours B4 Closing!!!

Everything was in place. We were soooo close… The house had been on the market for only two weeks. It was in disrepair and a wonderful investment opportunity for my buyer clients.  The home was moments away from foreclosure in a transitioning neighborhood with growth potential. The buyers were able to pay cash for the property. […]

Essex County New Jersey Home Sales January 2008

As expected, average sales prices continue to rise in Millburn/Short Hills and Montclair with sustaining prices in the remainder of Essex County. All indications are that entry level homes ($400,000-$600,000) in these communities will benefit from falling interest rates…thus stimulating growth as we enter the key spring selling season.  To find homes for sale in […]

Facts About New Jersey

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 […]

Retreat for New Moms in Chatham NJ

The Parrot Mill Inn located in CHATHAM, N.J. plays host to the “Mommy Nest,” a retreat for new moms in New Jersey.The NY Times wrote an article on the Mommy Nest yesterday. I wish this was available seventeen years ago!!!What a wonderful idea to help new mothers adjust to breast-feeding, sleep deprivation and the joys of motherhood. […]

First Time Home Buyers–Beware!!!

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 […]

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

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 […]

What is Title Insurance & Why Do I Need It?

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 […]