Did you notice that mortgage rates are below 5% again?

 

I really don't think any of us thought that could happen earlier this year.  Every economist was telling us that once the Fed stopped buying mortgage-backed securities, the rates would head up.  Then things got interesting in Greece, in the EU, in China.  And the rates came down.

 

I know you may think July means it's time to go to the beach, but it's really time to think about buying a house.

 

There are several things we can say with authority about the real estate market in and around Montclair:

  • The buyer credits motivated not just new buyers but move-up buyers -- sales up to 900k were brisk and multiple offers were back.
  • Renovated homes are selling well, homes that need updating, not so much.
  • Not since the mid-90's have there been so many large homes available at such low prices.

So where do we go from here?  Is it still a good time to buy?  Is it a good time to sell?  Should you be appealing your taxes?

 

Every real estate market creates unique opportunities and challenges.  More than ever, it  is extremely important to be able to trust the real estate professional with whom you work.  Let me show you exactly what I mean by that, and how I earn your trust.

 

At my virtual home you can search for your ideal home by viewing current listings from the Garden State MLS with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale. But whether you're buying or selling, feel free to contact me and I will be happy to help you with all your real estate needs.

 Effective January 27th, 2010, I have joined the new Montclair office of Prominent Properties Sotheby's International Realty.  Our office is located close to Montclair Center at 87 Park Street in a lovingly restored Victorian home and my new office number is 973 783-6900 x132.  Stop by if you're in the neighborhood!  


Please join me in congratulating CNN 2010 Hero of the week, Ponheary Ly, for her ground breaking work helping to educate children in Cambodia.  In 2009, local NJ students and Cambodian students exchanged art work about their lives. You can watch videos about her foundation and learn more at http://edition.cnn.com/SPECIALS/cnn.heroes/archive10/ponheary.ly.html and at http://web.me.com/kitskartsrom/Cambodia/Welcome.html

Buyers

Whether you're looking for your first home, your dream home or an investment property in the Montclair area,  I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more.

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.