Bernards Twp, NJ – Real Estate Monthly Tracking Performance

Here is the monthly tracking performance report for Bernards Twp, NJ based on Otteau Valuation Group.

 

basking ridge

 

 

Click here for great Bernards Twp real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Bernards Twp Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

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Posted in Basking Ridge, Basking Ridge Condo's, Basking Ridge Real Estate, Bernards Twp, Spring Ridge Basking Ridge, Spring Ridge Basking Ridge NJ, Spring Ridge Condo's, Spring Ridge Homes, Spring Ridge in Basking Ridge, Spring Ridge in Basking Ridge NJ, Spring Ridge Real Estate | Tagged , , , , , , , , | Leave a comment

Why Waiting To Buy Might Not Make Sense

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Whether you are a first time or a move-up buyer, there are two factors that will impact the amount of house you can afford in your price range: home prices & mortgage rates.

Let’s look at what the experts are predicting over the next twelve months for these two areas:

PRICES

Over 100 economists, real estate experts and investment & market strategists were recently polled as a part of the Home Price Expectation Survey. They were asked to project where home prices are headed. The average value appreciation projected over the next twelve-month period is approximately 4.4%.

MORTGAGE INTEREST RATES

In the latest Economic & Housing Market Outlook from Freddie Mac, they predict that the 30-year fixed mortgage rate will be 4.7% by this time next year. As of last week, the Freddie Mac rate was 3.69%.

What does this mean to you?

If you are a first-time buyer currently looking at a home priced at $250,000, this is what it could cost you on a monthly basis if you wait until next year to buy:

Cost-Of-Waiting-Spring

If you are a move-up buyer currently looking at a home priced at $500,000, this is what it could cost you on a monthly basis if you wait a year to buy:

Cost-Of-Waiting-Spring2

 

Bottom Line

With both home prices & interest rates projected to increase, waiting to buy could put a serious dent in your family’s wealth.

Click here for great Basking Ridge Area real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Basking Ridge Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

 

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Location, Location, Location

Location

A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.”

Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons:

  1. Safer Neighborhood – 30%
  2. Closer to Family – 27%
  3. Change of Climate – 26%
  4. Closer to Work – 25%
  5. For a New Job – 23%

While the majority of Americans (74%) will move within their home state, for the 26% planning to call a new state home, it is important to know that prices in each state are appreciating at different rates and waiting to buy or sell your home could cost you more in the long run.

The map below was created using the FHFA’s latest Home Price Index and shows year-over-year price gains in each state.

map

Bottom Line

If your plan for 2015 includes relocating to a new state, call me to help you find the best fit for you and your family’s needs.

Click here for great Basking Ridge Area real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Basking Ridge Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

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Where Are Americans Moving?

Moving-America

Click here for great Basking Ridge real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Basking Ridge Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

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Two Graphs that Scream – List Your Home Today!

Two-Graphs

We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand.

If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. Here is why…

DEMAND

According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.

DEMAND

SUPPLY

The most recent Existing Home Sales Report from NAR revealed that the months’ supply of housing inventory had fallen to 4.4 months which is the lowest it has been in over a year.

SUPPLY-of-HOMES

Bottom Line

Listing your house for sale when demand is high and supply is low will guarantee the offers made will truly reflect the true value of your property.

Click here for great Basking Ridge real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Basking Ridge Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

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Bernards Twp August 2014 Tracking Report.

Monthly tracking report based on Otteau Valuation Group, Inc.  Real Estate Appraisel & Advisory service for the month of August 2014 Bernards Twp, NJ.

bernards pdf

Click here for great Bernards Twp real estate deals.

Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!

Bedminster, NJ Real Estate Solutions – Carol Garcia.  Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.

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Spring Ridge in Basking Ridge

While the Sales Market may not be buzzing with activity here in
Spring Ridge, the Rental Market is Red-Hot…

Over the past year, rents for the one-bedroom condominiums have
risen on average approximately +/-13%, while the increase for
two-bedroom units has been about +/-11%.

Either way, it makes sense to look into a home within the Spring Ridge
Community. For those seeking a first-time residence, perhaps
downsizing or even for a mid to long-term relocation.

Or for those who may be searching for a solid single-family rental
investment that will provide a good lasting ROI. Spring Ridge located
in Basking Ridge, NJ is an ideal community for singles, couples or families.

Interested in learning more? Call Carol Garcia at 908-334-0709

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