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Greetings! Well the news is good. Real Estate sales are steadily improving again for the second quarter of 2010. As of June 9th 2010 the overall market is up 24.97% from this time last year. The biggest increase in sales is in the high end market, which is good news for the luxury seller. It is also good news for the buyers, as in large part it is price driven and the higher end of the market has shown us some especially good buys. Obviously too good to pass up for the buyers who enjoyed both the savings and the low interest rates. I am happy to announce that each one of my listings will not have their own domain name. Making it even easier to find our listings on the internet |
| Market Buzz For a look at towns that have had dramatic sales increases. Our market report gives you the up date market buzz. To find out how your own home might fit into this picture, give me a call. Individual pricing is dependent on supply and demand at the time of pricing, and how your price point is performing. Each town is a sub market of a larger market and each price point is a sub market within that. The numbers below represent the increase in sales, not prices. Price Increase will not occur until there is more buyers than sellers, basic supply and demand. Atlantic Highlands | +13.33% | Fair Haven | -19.23% | Little Silver | +117.64% | Middletown | +48.81% | Monmouth Beach | -35.71% | Oceanport | +100.00% | Red Bank | +10.04% | Rumson | +120.00% |
Information supplied by Monmouth County Board of Realtors and is deemed accurate but not guaranteed. Single Family Homes Year to Date sales vs last year same time frame. Jan 1 - June 17th. |
LUXURY MARKET The most interesting thing in the local market recovery is that in many cases it was the luxury market led the way. Using the same year to date single family formula, it is good news for sellers and buyers alike. Over $1M Bay Head | +100.00% | Spring Lake | +100.00% | Rumson | +166.66% |
Information supplied by Monmouth County Board of Realtors and is deemed accurate but not guaranteed. Single Family Homes over $1M year to date sales vs last year same time frame. Jan - June 17th 49 Dogwood Lane, Fair Haven $1,487,500 234 3rd St. Fair Haven $725,000 41 Wardell, Rumson $1,600,000 13 North St, Rumson $575,000 44 Park Ave, Rumson $545,000 27 Asbury Ave, Oceanport $680,000 42 Hill Rd, Atlantic Highlands $555,000 10 Sleepy Hollow Rd, Middletown $1,962,500 280 Portland Rd, Middletown $2,275,000 53 Woodbine Ave, Little Silver, $455,000 1524 Ocean Ave, Sea Bright $1,575,000 12 Sussex Rd, Holmdel $680,000 Not all of our listings were in MLS, some of our clients prefer discretion. We are happy to accomodate those that are looking for quiet sale. Please feel free to contact me directly for a discreet market opinion on your home. Carolynn Carolynn Ozar-Diakon
RESOURCES Real Estate 732 212 0440 www.resourcesrealestate.com carolynn@resourcesrealestate.com |
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What to expect in the market in 2010. I saw the market pick up in the second half of 2009, and consumer confidence increase. In September we saw our luxury listings moving more quickly and with bidding situations occurring. Although prices will remain flat in many markets, we may see a slight increase in pricing in this area due to low supply of well priced homes. Buyers are most definitely value driven and are watching the market closely. Top areas, both resort and with easy access to major cities will be the first to recover, as indeed they were the last to fall. I believe we are cruising along the bottom, and although I believe there are still short sales and foreclosures in all price ranges still to occur, we have started to witness the end of the freefall and there will be more stability in housing for 2010.Sellers should be cautious not to jump for joy too high with their asking prices. Value pricing will be their best asset. GREAT NEWS
New Jersey shows a 55% increase for October 2009 over October of 2008 in home sales. Interest rates remain low, homes are lower than they have been in years and there are bargains to be had. Washington, December 01, 2009 Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®. | | | Q. Is it worth putting my house on the market now over the holidays, or should I just wait for the Spring?
A. I recommend going ahead for several reasons. We only know what the market is doing, not what might be coming. We know right now that we have the best interest rates in memory. We also know that buyers that are out looking over the various holidays are generally more motivated, and your property could be sold with less showings. Less inventory around this time can help with the price also, and all homes show better look better with pretty holiday decorating. Carolynn Ozar-Diakon
Broker Owner |
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I am excited to share great news...August continued to show a rise in the amount of homes sold in Monmouth County. For the past few months we have experienced more sales than the same time frame from previous years. August was amazing and not typical for August. Despite what many people think, the busiest Fall month is usually October. I am encouraged by the increased sales for several reasons, it is an indicator of the buyer confidence level and shows that it is price driven. As long as sellers continue to price their homes for the market that we have and not for the markets of 05/06 we are going to continue to move homes through October. I have experienced in the past when we see an abnomally in terms of the month, it generally continues for several months and in past years have given us brisk holiday sales. Thanksgiving and on. RESOURCES brings top dollar for Monmouth County homes. I am also very excited to share with you that August was a special month for us also. We made it into the top ten real estate companies in Monmouth County again. Alongside multi-office companies, Resources with our one specialized boutique office also had the top dollar amount for under contract homes for August in that top ten by far!! Showing once again that bigger is not better. Our dedication to service and marketing is exceptional and produces exceptional results for our clients.
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As you can imagine, that is the question that I get asked the most.
On my website, www.resourcesrealestate.com, I have a market report section that is updated every quarter. Click on your town on the right hand side bar for your updated report. If your town is not included- email us and we will send one to you.
You may be surprised to note that in Rumson,for instance, the price ranges that are currently selling the most are $500,000 - $600,000 and over $2M Homes. Over $3M still take longer on average - the luxury market for obvious reasons always takes longer in any market.
Rates remain low, inventory is still high, so plenty of choice, and with some very motivated sellers It is a GREAT time to buy. I believe in real estate. I bought my first home when I was 19 years old in London, which is currently one of the highest priced cities in the world!. I continue after 20 odd years in this business to believe in it. I have continued to buy and just recently purchased a home in Middletown and a 1768 farmhouse in Eatontown. For those first time buyers or if you have not owned a home for three years the $8000 credit is good until December 1st, 2009. Use it.
The second most common question - " When will we hit bottom"?. Simple answer - "I don't know', and guess what neither does anyone else!!. I do sense the decline in buyer confidence abating and that we appear to be leveling off. This does not mean that prices will suddenly go back up, as with any cycle it takes a long time for the cycle to complete. It does not spike and plummet like the stock market, and I do not see prices going up anytime soon. Therefore,my advice to the seller who is thinking of waiting- you might have to wait for several years just to get back to where we were 2 years ago. For the buyer, I advise moving ahead in this period before mortgage rates move upward and change the affordability factor. Smart sellers have been moving with the market, pricing correctly the first time and selling quickly, freeing up equity to invest in other real estate.
Remember, selecting a realtor is not like choosing a pair of shoes. Please consider the size of the transaction before deciding to place the responsibility upon a friend or acquaintance to represent you. Besides intelligence and knowledge, look for integrity and ethics. Some agents do less transactions but with better results. Speaking as an agent consistently in the top 1% of my industry, I encountered agents wiling to take short cuts with their ethics and integrity; these actions usually represent the agents interests better than yours. Meaning you may get your house sold, but at the short end of the stick, and sometimes end up being in a position of having to take less than you might have.
Even a good agent is only as good as their client allows them to be. In some cases the client ignores good advice and ends up selling for less later on.
When I opened Resources Real Estate, I decided to open a specialized boutique agency that would "out behave" other agencies and provide an unprecedented level of expert advice and service to clients. In some instances it may not be what the client wants to hear, but it is only when one has factual honest information the client can make informed decisions. A few years ago, we realized that in order to maintain our high level of quality, not only did we have to continue to be selective with our choice of agents,we also would have to be selective with our clients. We have evolved into the premier 'go to; private boutique agency. We will not compromise our standards to become a McAgency, with high numbers, and a string of unhappy clients. I suggest you interview us first before making any real estate decisions, and get the honesty your deserve - if we are not a good fit, then by all means we both have the option not to work together. Either way our consultation is at no charge.
A large part of my business comes as personal referrals from previous clients and from professionals like accountants and attorneys. I appreciate the confidence placed in me and I invite you to watch some client videos to get more of a sense of what we are about at RESOURCES Real Estate.
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Am I the only person that believes that stimulus must come through good business practices? The gritting of teeth through the hard times, cutting back, tightening the belt, batting down the hatches and other metaphors for "hanging in there till its over". Speaking specifically of the real estate market, lower prices means better deals for buyers, and despite what the media would have you believe there is money out there. A prospective buyer can borrow money. With all my years and experience is real estate, I am still baffled by the phenomenon of families rushing to buy homes at top prices and beating each other out of the way by increasing their offers, during the upswing of the market. I personally prefer to buy in times of lowered prices and low interest rates, when there is more to choose from and less people making offers. Sellers often think "well I have to sell my house first to buy another". YEP, The good news is that the houses that are higher in price have come down even more - creating a lower spread for you to cover. What about the seller that is not necessarily buying up, maybe downsizing or moving out of the area completely. Well your options are very similar. First you have to put your house on the market at the RIGHT price. What is the right price? Well if your neighbors have their house on the market and it has not sold, you already know what the price is not!. The right price is the price the one that will get you an offer so that you can go shopping. With that offer, you now know what you have to work with and can make offers on other homes. If your property is priced right - you will get multiple offers. I hear a "hmm" of doubt. I beg to differ. When a home is priced to sell, more than one person will notice and will often drive the offers up, it creates the excitement of value. This is still happening in our office. Now the seller can go shopping with an actual number. Sellers that are attached to a "number" will probably not benefit from the negotiability of other homes on the market. They will not get that opportunity to go make valid offers, as they are in the pack waiting with the rest of the homes that have not sold. We are all impacted by the media, yet we forget that newspaper readership is down over 50% and the headline has to knock your socks of to read it. On line publications are competing tooth and nail for your attention. If we are all going to hell in a hand basket, I am going own as much real estate as I can. History shows that those who own real estate will come out ahead. Not to mention - I can live in it, rent it out, or barter with it. The problem is not real estate it is the money. Not the lack of supply, but the over borrowing - because we think we deserve a new car every year, a new outfit for every occasion and that our kids should have every conceivable piece of electronic equipment they can name. Not to mention we are raising a nation of couch potatoes. We cannot think that every time we over borrow for "things" that we think we deserve we are putting ourselves further in debt. When the dollar is worth less and less, I hope you have as much real estate as you can hold onto, and a little gold never hurts! I keep making offers on properties that I am able to buy cheap with low interest rates that I rent out and hold onto either until the next big upswing - maybe 10 years (who knows) or maybe until I am too old to take care of them and my kids can inherit. If anyone is afraid of buying a home - keep in mind - you could have bought a home in the '70's for $60,000, same home in the 80's $300,000, same home in the '90's for $700,000 that you could sell now for say $2.5M Maybe it was worth $3M last year, still a good investment and maybe it will be worth $7M in five years. Smart investors should always buy low, and really smart investors also know that the only way to absolutely know the bottom of the market is when it is making the turn. You know, when prices start going back up! That is generally when the interest rates go up also. My advice. unless you can pinpoint the exact moment when the market hits bottom, which sellers will be the most motivated (not all have to sell) and what the interest rates what will be, go ahead and jump in and buy the home you want. Our website http://www.resourcesrealestate.com/2008_Market_Report/page_2160633.html gives you a complete history of 2007 and 2008. Below is a year to date market view. If your town is not included - let me know and I can do that for you. Or click on your town below to sign up for ongoing market reports for your town . ATLANTIC HIGHLANDS, COLTS NECK, FAIR HAVEN, HOLMDEL, LITTLE SILVER, MIDDLETOWN, MONMOUTH BEACH, OCEANPORT, RED BANK, RUMSON If you want to know exactly how much a particular home sold for visit nosy neighbor on resourcesrealestate.com In these times of economic uncertainty people do cut back on charitable giving, and I would like to give a gentle reminder that it is exactly these times that they need us the most. Please visit www.monmouthsocialcalendar.com to see what events are coming up and to donate directly. Shout out to several charities that are close to my heart. Monmouth County Historical Association. Monmouth County Mental Health Association, Prevention First and 180 Turning Lives Around. We have so many wonderful events coming up and I would like to remind everyone of the Derby Ball on May 1st and we have the wonderful VNA Show house opening soon. Many talented designers, landscape designers, decorators and decorative arts professionals put a lot of time into making the events special. One such person is Karen Siciliano, co-owner and VP of Siciliano Landscape which was founded 70 years ago by her grandfather. She came on board after 9/11 after 18 years as a bond trader on Wall St, she felt the pull of hearth and home and she came back to her "roots" in the landscape industry. Not only was she successful on Wall Street, she has channeled her business acumen and energy into her landscape business. In four years, she tripled the size of the business. Siciliano Landscape Company provides both design, installation and maintenance. Karen is a reflection of the good people in Monmouth County, and she shows her social conscience through all her good works. Involved not only with the Visiting Nurse Association show house, she is on the board of trustees for Monmouth Medical Center Foundation and even funded an exam room at the Valerie Fund Children's center for Cancer and Blood Disorders. Thank you Karen. I have a couple of openings for new agent training. Believe it or not, good agents still make money, and it I personally train each agent, and continue with workshops and personal coaching. If you are interested give me a call in the office 732-212-0440 or look on our website on the career in real estate page. If you have an interest in old homes, we do have older home specialists; myself and Tom McCormack. Take a look at some beautiful older homes for sale. Thanks for taking the time to read my blog.
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OUT WITH 2008  IN WITH 2009. Well, as leave an eventful 2008 that was filled with breakdowns, bailouts and the bear chasing the bull out of town, keep in mind - this too shall pass.
To be honest, as an area we did prove more resilient than many others. Our local banks have not disappeared into the night. In fact, several of them have reported not even one foreclosure. Why? Nothing amazingly clever, just making sure that the borrower has a job, an income that is accurate and an appraisal that is not based on speculative future value. Despite what many large newspapers would have you believe, this area cannot be compared to national averages and statistics. While, of course, we are impacted by the national economy and the global meltdowns, we are very much a local market. In fact a much sought after area , due in large part to our proximity to Manhattan, ease of commute, good schools and the pure beauty of Monmouth County. I have compiled market reports for local towns, which are available here. These are updated to the end of November and will be updated within a day or so.so keep checking back. View your town here. All this does not mean that it has not been a tough year for some. Those people who lost their jobs, or a large part of their stock portfolio find it hard to take comfort in the fact that that our real estate market average has fared better than many other areas. Economic downturns also create stress in the home, contributing to more divorce.
In my 23 years in real estate, I have worked with many such clients and know that stress can compromise decision making. I can GUARANTEE that your property will sell, if you listen and take my advice. Too often, a client on a knee jerk reactions stops listening to good advice and grabs at straws that invariably cost them time and money. I am only as good as my client will allow. I have seen clients completely ignore sound advice and judgment then make mistakes that I know will result in a mess. It is as painful to watch as it is for the client to experience.
If the added pressure takes on a toll on the marriage and it becomes a divorce issue, a client's hearing can often get impaired - blocked by the loud sound of additional emotional stress.
In my experience, a lot of money is wasted that could be netted out of the equity in the property by expecting the divorce attorney's to do the realtor's job. I have been referred by many divorce attorneys, and even judges in court ordered cases, to help with this situation, as it can quickly become out of hand. An experienced, calm and professional realtor is needed. Sometimes one spouse may not want to sell the home, despite it not being financially possible to keep it. A swift sale with both parties to move on with their lives is cheaper and and far less stressful than fighting over an asset that has become a symbol of the conflict, rather than an comingled asset.The buying public will smell the distress quickly and that will impact the value in a negative way. For divorce attorney and divorce mediation professionals, or for a market analysis please email me at carolynn@resourcesrealestate.com for a completely confidential appointment. On the Brighter side.................
I personally think that we will see an increase in home sales in 2009, driven by lowered real estate prices, low interest rates and pent up demand from the last few years. So, if you are thinking of selling take heart, listen to good real estate advice and take the plunge. If buying - the opportunity has never been better for all of the above reasons. Close your eyes take a breath and jump.... Come on in the water is fine. RESOURCES Real Estate 112 East River Rd
Rumson, New Jersey 07760
732-212-0440 |
My Blog  Regards, Carolynn |
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As market experts, economists, and political pundits weigh in with their opinion of the bail out and other assorted plans to move forward, I can only hope whatever path chosen is laced with common sense. Any fool should known that prices do not go up forever and that interest rates do not come down indefinitely. The real estate market is not a ball-it does not "bounce back" or plunge in a matter of days. It quietly and reliably cycles up around and down again and so on. In fact it is always in the process of one or the other. It is probably the best and most consistent long term investment strategy there is. I am not a stock market investor, I am a real estate investor, and I can tell you with certainty that I am looking to buy. I am making offers and buying what I can that meets my criteria. I have never been an investor in the stock market, mainly because I do not understand it will enough and my expertise and interest has always been in real estate. Sometimes, I have felt a little dumb not being a savvy stock market player, but in the last few days- I have been feeling pretty smart! I have been a broker for over 20 years and managed an office during the tough times of the late 80s, I have seen this happen before. I have some advice for both sellers and potential buyers. To sellers: We have been cycling down since the second have of 2005, and yet many sellers have been valiantly trying to achieve 04 and 05 pricing. It is not going to happen, it was not going to happen last week and it sure is not going to happen next week. If your agent has not been firmly telling you what to do...and is in the yes-ing you to death business: Get a new agent. Now is not the time for the weak. Tough times call for tough agents. Conversely, if you have a tough agent, you are receiving ongoing communication and you know that truthfully there is nothing that the agent is not doing...don't jump ship from one agency to another. Sit down with your agent and the broker and discuss options and ideas. Frankly, agencies spend a lot of money on marketing a property and jumping ship-if you are not following their advice-it is definitely not going to help. If the price is not right, it will not be right with another agency. If the house does not show well, it will not show well with another agency. Same thing with showing...now is not the time to be coy; buyers are in shorter supply they have more to look at. Make sure you can get them in your property without any obstacles. Such as, "try back tomorrow, 24 hr notice, pick up key from office" etc. Get as showing friendly as possible. Is it inconvenient? YEP. It is a necessary inconvenience if you want to sell your house. Your tough agent should be telling you that. To Buyers: Don't overlook this opportunity that is on our hands: low interest and lowering prices. Don't try to calculate the bottom, it could be tomorrow-it could be 6 months from now. Whenever it is, it will be irrelevant if the interest rates have gone up! I have noticed that the Fed did not lower interest rates as a response to the financial news this week. The Fed will not lower them forever. In fact, during previous recessions the interest rates have gone up. Use this time to make great deals, like the investors are. Just remember that on the whole-real estate is a long term investment, and when it is also a short-term investment-that's a beautiful thing. Don't buy above your means, don't borrow based on tomorrow's pay check. There is more to choose from today than in previous years, and there ARE lenders that are willing to lend money. Not every bank forgot the common sense practice of making smart loans to qualified buyers. In summary, whether a buyer or a seller, be smart, use some common sense and a tough agent who will negotiate on your behalf. Now is not the time for timidity, and is definitely not the time for inexperience or less than a full time commitment from your real estate professional. Carolynn Ozar-Diakon Broker/Owner Email: carolynn@resourcesrealestate.com
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Just heard on the 6pm news that the cute dolphins entertaining us from the river banks of Rumson and Middletown in the Navesink river - are in fact,not dolphins but more likely bull sharks. Huh? Now that must come as a surprise to all those that went out on boats, including kayaks and canoes to get up close and personal with the dolphins!! My family took the "Resourceful" out to watch them cavort, and oohed and ahhed with the best of them. It made me think a little about the local real estate market, (well lets face it, I am always thinking about the real estate market) and I saw a mini parallel. How you ask? Well, it seems to me that buyers right now do not realize they are behaving like dolphins when they could be bull sharks. Not that I know much about bull sharks, but they just sound more assertive. In a buyer's market, buyers make low offers and pretty much have plenty to choose from. This buyer's market is not working that way. Many prospective buyers are sitting and waiting - rather than taking action,making offers and see what comes back.The opportunities are out there to be eaten up. Motivated sellers, low interest rates. Sounds like the perfect feeding ground. However right now, many buyers' appear to be acting more like cute dolphins than like sharks of any description. I don't think there are any sharks that take a wait and see approach, especially not bull sharks, unless there are bear sharks?! Is it the constant media bashing that the real estate market got in the last few years that makes us view a home as purely a financial investment and pressures us to buy right at the bottom? When is right at the bottom? I have been a realtor for over 20 years and to date nobody has ever been able to predict the date of the absolute peak or the absolute bottom. What is known, is that real estate has perpetually cycled, always on the down or the up cycle. Historically it always cycles back up higher than it was before. Some real estate analysts are saying that the end of the downward cycle is close. As it is impossible to perfectly time the market the average person buying or selling will gain on one end of the transaction to offset the other. Which is important to remember that generally it balances out. Although it is weighted on the side of the upward buyer. Speculators and investors with a shorter horizon are acting now, which is another indicator that now is the time to act. I have been making offers on investment properties recently, some I won some I lost. Real Estate is obviously a large part of my portfolio and especially my retirement, although those that know me, find it hard to believe that I would ever retire!! There have been other indicators recently that the market is about to start its upswing. On a national level, existing home sales rose 15% in recent months, new home sales were also up 4.5%. Consumer confidence up 5 points in August over July. Affluent homeowners increasingly are bullish about future real estate values. “Key findings from the annual survey of the ‘luxury’ market demonstrate that the typical million-dollar homeowner is invested not only in the value of their home as a current part of their portfolios, but also see long-term gains coming from this investment,” said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. The survey polled 305 U.S. homes with a primary residence valued at $1 million ($2 million in California) or more and who had investable assets of more than $1 million. The average annual household income of this group was $754,000. Jim Weichert was also quoted recently stating that "We have reached the bottom of the housing market and will soon begin to see improvements, by and large we are turning a corner. You might be guessing, but we are sure. Now is the time to buy real estate." I think Jim is right, the Summer is always slow except for closings of properties sold in the Spring. Buyers, sellers and the realtors are focused on the beach and vacations. Once mid September rolls around I believe we will see a positive upswing. Speaking of other agencies. At a dinner party recently, one guest was surprised to hear me say something positive about another agent, his assumption being that we are all sworn enemies. Nothing could be further from the truth, we all work in cooperation with each other, and I treat my fellow realtors with respect and I get treated the same way. In fact, I have made a point in getting along with other realtors in my career, it can only help my clients. I want the the other realtors out there to want to work with me rather than shudder at the thought. I can be firm and resolute in my representation to my clients without being rude and obnoxious. Now of course there are some out there like that, and we all know who they are! As an educated consumer one of the things to research when choosing a realtor is to find out how they are perceived in the industry. It could make or break a sale. Year to date sales in our local towns: Category - SingleFamily / Area: ATL - ATLANTIC HIGHLANDS
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 1 | $399,900 | $360,000 | 90.02% | 57.0 | 30 | 30.00 | | February | 2008 | 5 | $766,760 | $668,675 | 87.21% | 91.0 | 33 | 6.60 | | March | 2008 | 3 | $405,933 | $391,333 | 96.40% | 62.0 | 33 | 11.00 | | April | 2008 | 3 | $698,267 | $525,000 | 75.19% | 366.0 | 35 | 11.67 | | May | 2008 | 4 | $409,750 | $390,625 | 95.33% | 112.0 | 40 | 10.00 | | June | 2008 | 1 | $1,249,999 | $1,249,900 | 99.99% | 480.0 | 42 | 42.00 | | July | 2008 | 4 | $360,700 | $326,250 | 90.45% | 85.0 | 44 | 11.00 | | August | 2008 | 4 | $664,500 | $614,375 | 92.46% | 54.0 | 42 | 10.50 | | | | Total | | 25 | $619,476 | $565,770 | 91.33% | 163.4 | 37 | 16.60 | | | | Total | 2008-2008 | 25 | $619,476 | $565,770 | 91.33% | 163.0 | 37 | 17.00 |
Category - SingleFamily / Area: FAI - FAIR HAVEN
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 3 | $1,923,300 | $1,721,833 | 89.52% | 94.0 | 46 | 15.33 | | February | 2008 | 5 | $493,400 | $463,000 | 93.84% | 87.0 | 52 | 10.40 | | March | 2008 | 2 | $589,950 | $584,950 | 99.15% | 156.0 | 53 | 26.50 | | April | 2008 | 8 | $636,225 | $607,312 | 95.46% | 115.0 | 55 | 6.88 | | May | 2008 | 8 | $902,612 | $846,750 | 93.81% | 42.0 | 59 | 7.38 | | June | 2008 | 5 | $767,880 | $747,300 | 97.32% | 31.0 | 68 | 13.60 | | July | 2008 | 3 | $769,633 | $733,333 | 95.28% | 66.0 | 73 | 24.33 | | August | 2008 | 10 | $835,050 | $798,900 | 95.67% | 78.0 | 72 | 7.20 | | | | Total | | 44 | $864,756 | $812,922 | 94.01% | 83.6 | 60 | 13.95 | | | | Total | 2008-2008 | 44 | $864,756 | $812,922 | 94.01% | 84.0 | 60 | 14.00 |
Category - SingleFamily / Area: LIT - LITTLE SILVER
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 4 | $667,175 | $634,200 | 95.06% | 41.0 | 54 | 13.50 | | February | 2008 | 2 | $619,950 | $580,000 | 93.56% | 118.0 | 63 | 31.50 | | March | 2008 | 4 | $854,725 | $810,000 | 94.77% | 122.0 | 68 | 17.00 | | April | 2008 | 3 | $384,600 | $363,333 | 94.47% | 87.0 | 69 | 23.00 | | May | 2008 | 3 | $862,300 | $858,667 | 99.58% | 150.0 | 71 | 23.67 | | June | 2008 | 12 | $534,696 | $519,279 | 97.12% | 75.0 | 61 | 5.08 | | July | 2008 | 11 | $891,336 | $811,909 | 91.09% | 150.0 | 55 | 5.00 | | August | 2008 | 6 | $881,483 | $830,167 | 94.18% | 107.0 | 54 | 9.00 | | | | Total | | 45 | $712,033 | $675,944 | 94.93% | 106.3 | 62 | 15.97 | | | | Total | 2008-2008 | 45 | $712,033 | $675,944 | 94.93% | 106.0 | 62 | 16.00 |
Category - SingleFamily / Area: MID - MIDDLETOWN
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 26 | $477,844 | $447,094 | 93.56% | 101.0 | 346 | 13.31 | | February | 2008 | 33 | $418,476 | $389,888 | 93.17% | 94.0 | 355 | 10.76 | | March | 2008 | 34 | $501,253 | $475,372 | 94.84% | 87.0 | 379 | 11.15 | | April | 2008 | 36 | $605,067 | $570,636 | 94.31% | 103.0 | 399 | 11.08 | | May | 2008 | 50 | $539,596 | $518,359 | 96.06% | 91.0 | 426 | 8.52 | | June | 2008 | 49 | $493,226 | $477,134 | 96.74% | 64.0 | 436 | 8.90 | | July | 2008 | 47 | $523,079 | $500,719 | 95.73% | 76.0 | 446 | 9.49 | | August | 2008 | 62 | $504,313 | $483,673 | 95.91% | 86.0 | 445 | 7.18 | | | | Total | | 337 | $507,857 | $482,859 | 95.08% | 87.8 | 404 | 10.05 | | | | Total | 2008-2008 | 337 | $507,857 | $482,859 | 95.08% | 88.0 | 404 | 10.00 |
Category - SingleFamily / Area: MON - MONMOUTH BEACH
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 1 | $949,900 | $965,000 | 101.59% | 10.0 | 19 | 19.00 | | February | 2008 | N/A | $0 | $0 | 0% | 0.0 | 29 | 0 | | March | 2008 | 2 | $1,797,000 | $1,691,250 | 94.12% | 138.0 | 34 | 17.00 | | April | 2008 | 4 | $1,435,000 | $1,321,810 | 92.11% | 152.0 | 33 | 8.25 | | May | 2008 | 3 | $661,967 | $630,833 | 95.30% | 129.0 | 35 | 11.67 | | June | 2008 | 3 | $769,667 | $726,667 | 94.41% | 57.0 | 33 | 11.00 | | July | 2008 | 3 | $925,967 | $871,633 | 94.13% | 92.0 | 37 | 12.33 | | August | 2008 | 4 | $880,675 | $852,275 | 96.78% | 55.0 | 40 | 10.00 | | | | Total | | 20 | $1,060,025 | $1,008,495 | 95.14% | 90.4 | 37 | 12.75 | | | | Total | 2008-2008 | 20 | $1,060,025 | $1,008,495 | 95.14% | 90.0 | 37 | 13.00 |
Category - SingleFamily / Area: RUM - RUMSON
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 8 | $1,781,737 | $1,649,062 | 92.55% | 63.0 | 80 | 10.00 | | February | 2008 | 6 | $2,085,333 | $1,926,167 | 92.37% | 182.0 | 93 | 15.50 | | March | 2008 | 5 | $1,117,780 | $1,041,600 | 93.18% | 143.0 | 105 | 21.00 | | April | 2008 | 7 | $923,114 | $873,929 | 94.67% | 82.0 | 108 | 15.43 | | May | 2008 | 8 | $1,346,725 | $1,224,562 | 90.93% | 117.0 | 113 | 14.13 | | June | 2008 | 6 | $996,150 | $937,902 | 94.15% | 64.0 | 120 | 20.00 | | July | 2008 | 8 | $1,721,625 | $1,622,062 | 94.22% | 134.0 | 110 | 13.75 | | August | 2008 | 7 | $1,103,271 | $1,006,071 | 91.19% | 98.0 | 112 | 16.00 | | | | Total | | 55 | $1,384,467 | $1,285,169 | 92.83% | 110.4 | 105 | 15.73 | | | | Total | 2008-2008 | 55 | $1,384,467 | $1,285,169 | 92.83% | 110.0 | 105 | 16.00 |
So lets all get bullish about real estate, there are future capital gains to be had at shark prices right now. If you are interested in statistics about any other town not shown here , please email. In other news, I am looking for a few good men (or women). I have invested so heavily in websites in the last few years that I have an over abundance of qualified prospects coming in every day. I only hire a select few, but I am looking to expand right now, so if you want to know more about coming a professional real estate agent. Please call or email. Carolynn Ozar-Diakon Broker Owner RESOURCES Real Estate 732-212-0440 www.resourcesrealestate.com carolynn@resourcesrealestate.com .
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Just heard on the 6pm news that the cute dolphins entertaining us from the river banks of Rumson and Middletown in the Navesink river - are in fact,not dolphins but more likely bull elephants. Huh? Now that must come as a surprise to all those that went out on boats, including kayaks and canoes to get up close and personal with the dolphins!! My family took the "Resourceful" out to watch them cavort, and oohed and ahhed with the best of them. It made me think a little about the local real estate market, (well lets face it, I am always thinking about the real estate market) and I saw a mini parallel. How you ask? Well, it seems to me that buyers right now do not realize they are behaving like dolphins when they could be bull sharks. Not that I know much about bull sharks, but they just sound more assertive. In a buyer's market, buyers make low offers and pretty much have plenty to choose from. This buyer's market is not working that way. Many prospective buyers are sitting and waiting - rather than taking action,making offers and see what comes back.The opportunities are out there to be eaten up. Motivated sellers, low interest rates. Sounds like the perfect feeding ground. However right now, many buyers' appear to be acting more like cute dolphins than like sharks of any description. I don't think there are any sharks that take a wait and see approach, especially not bull sharks, unless there are bear sharks?! Is it the constant media bashing that the real estate market got in the last few years that makes us view a home as purely a financial investment and pressures us to buy right at the bottom? When is right at the bottom? I have been a realtor for over 20 years and to date nobody has ever been able to predict the date of the absolute peak or the absolute bottom. What is known, is that real estate has perpetually cycled, always on the down or the up cycle. Historically it always cycles back up higher than it was before. Some real estate analysts are saying that the end of the downward cycle is close. As it is impossible to perfectly time the market the average person buying or selling will gain on one end of the transaction to offset the other. Which is important to remember that generally it balances out. Although it is weighted on the side of the upward buyer. Speculators and investors with a shorter horizon are acting now, which is another indicator that now is the time to act. I have been making offers on investment properties recently, some I won some I lost. Real Estate is obviously a large part of my portfolio and especially my retirement, although those that know me, find it hard to believe that I would ever retire!! There have been other indicators recently that the market is about to start its upswing. On a national level, existing home sales rose 15% in recent months, new home sales were also up 4.5%. Consumer confidence up 5 points in August over July. Affluent homeowners increasingly are bullish about future real estate values. “Key findings from the annual survey of the ‘luxury’ market demonstrate that the typical million-dollar homeowner is invested not only in the value of their home as a current part of their portfolios, but also see long-term gains coming from this investment,” said Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate LLC. The survey polled 305 U.S. homes with a primary residence valued at $1 million ($2 million in California) or more and who had investable assets of more than $1 million. The average annual household income of this group was $754,000. Jim Weichert was also quoted recently stating that "We have reached the bottom of the housing market and will soon begin to see improvements, by and large we are turning a corner. You might be guessing, but we are sure. Now is the time to buy real estate." I think Jim is right, the Summer is always slow except for closings of properties sold in the Spring. Buyers, sellers and the realtors are focused on the beach and vacations. Once mid September rolls around I believe we will see a positive upswing. Speaking of other agencies. At a dinner party recently, one guest was surprised to hear me say something positive about another agent, his assumption being that we are all sworn enemies. Nothing could be further from the truth, we all work in cooperation with each other, and I treat my fellow realtors with respect and I get treated the same way. In fact, I have made a point in getting along with other realtors in my career, it can only help my clients. I want the the other realtors out there to want to work with me rather than shudder at the thought. I can be firm and resolute in my representation to my clients without being rude and obnoxious. Now of course there are some out there like that, and we all know who they are! As an educated consumer one of the things to research when choosing a realtor is to find out how they are perceived in the industry. It could make or break a sale. Year to date sales in our local towns: Category - SingleFamily / Area: ATL - ATLANTIC HIGHLANDS
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 1 | $399,900 | $360,000 | 90.02% | 57.0 | 30 | 30.00 | | February | 2008 | 5 | $766,760 | $668,675 | 87.21% | 91.0 | 33 | 6.60 | | March | 2008 | 3 | $405,933 | $391,333 | 96.40% | 62.0 | 33 | 11.00 | | April | 2008 | 3 | $698,267 | $525,000 | 75.19% | 366.0 | 35 | 11.67 | | May | 2008 | 4 | $409,750 | $390,625 | 95.33% | 112.0 | 40 | 10.00 | | June | 2008 | 1 | $1,249,999 | $1,249,900 | 99.99% | 480.0 | 42 | 42.00 | | July | 2008 | 4 | $360,700 | $326,250 | 90.45% | 85.0 | 44 | 11.00 | | August | 2008 | 4 | $664,500 | $614,375 | 92.46% | 54.0 | 42 | 10.50 | | | | Total | | 25 | $619,476 | $565,770 | 91.33% | 163.4 | 37 | 16.60 | | | | Total | 2008-2008 | 25 | $619,476 | $565,770 | 91.33% | 163.0 | 37 | 17.00 |
Category - SingleFamily / Area: FAI - FAIR HAVEN
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 3 | $1,923,300 | $1,721,833 | 89.52% | 94.0 | 46 | 15.33 | | February | 2008 | 5 | $493,400 | $463,000 | 93.84% | 87.0 | 52 | 10.40 | | March | 2008 | 2 | $589,950 | $584,950 | 99.15% | 156.0 | 53 | 26.50 | | April | 2008 | 8 | $636,225 | $607,312 | 95.46% | 115.0 | 55 | 6.88 | | May | 2008 | 8 | $902,612 | $846,750 | 93.81% | 42.0 | 59 | 7.38 | | June | 2008 | 5 | $767,880 | $747,300 | 97.32% | 31.0 | 68 | 13.60 | | July | 2008 | 3 | $769,633 | $733,333 | 95.28% | 66.0 | 73 | 24.33 | | August | 2008 | 10 | $835,050 | $798,900 | 95.67% | 78.0 | 72 | 7.20 | | | | Total | | 44 | $864,756 | $812,922 | 94.01% | 83.6 | 60 | 13.95 | | | | Total | 2008-2008 | 44 | $864,756 | $812,922 | 94.01% | 84.0 | 60 | 14.00 |
Category - SingleFamily / Area: LIT - LITTLE SILVER
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 4 | $667,175 | $634,200 | 95.06% | 41.0 | 54 | 13.50 | | February | 2008 | 2 | $619,950 | $580,000 | 93.56% | 118.0 | 63 | 31.50 | | March | 2008 | 4 | $854,725 | $810,000 | 94.77% | 122.0 | 68 | 17.00 | | April | 2008 | 3 | $384,600 | $363,333 | 94.47% | 87.0 | 69 | 23.00 | | May | 2008 | 3 | $862,300 | $858,667 | 99.58% | 150.0 | 71 | 23.67 | | June | 2008 | 12 | $534,696 | $519,279 | 97.12% | 75.0 | 61 | 5.08 | | July | 2008 | 11 | $891,336 | $811,909 | 91.09% | 150.0 | 55 | 5.00 | | August | 2008 | 6 | $881,483 | $830,167 | 94.18% | 107.0 | 54 | 9.00 | | | | Total | | 45 | $712,033 | $675,944 | 94.93% | 106.3 | 62 | 15.97 | | | | Total | 2008-2008 | 45 | $712,033 | $675,944 | 94.93% | 106.0 | 62 | 16.00 |
Category - SingleFamily / Area: MID - MIDDLETOWN
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 26 | $477,844 | $447,094 | 93.56% | 101.0 | 346 | 13.31 | | February | 2008 | 33 | $418,476 | $389,888 | 93.17% | 94.0 | 355 | 10.76 | | March | 2008 | 34 | $501,253 | $475,372 | 94.84% | 87.0 | 379 | 11.15 | | April | 2008 | 36 | $605,067 | $570,636 | 94.31% | 103.0 | 399 | 11.08 | | May | 2008 | 50 | $539,596 | $518,359 | 96.06% | 91.0 | 426 | 8.52 | | June | 2008 | 49 | $493,226 | $477,134 | 96.74% | 64.0 | 436 | 8.90 | | July | 2008 | 47 | $523,079 | $500,719 | 95.73% | 76.0 | 446 | 9.49 | | August | 2008 | 62 | $504,313 | $483,673 | 95.91% | 86.0 | 445 | 7.18 | | | | Total | | 337 | $507,857 | $482,859 | 95.08% | 87.8 | 404 | 10.05 | | | | Total | 2008-2008 | 337 | $507,857 | $482,859 | 95.08% | 88.0 | 404 | 10.00 |
Category - SingleFamily / Area: MON - MONMOUTH BEACH
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 1 | $949,900 | $965,000 | 101.59% | 10.0 | 19 | 19.00 | | February | 2008 | N/A | $0 | $0 | 0% | 0.0 | 29 | 0 | | March | 2008 | 2 | $1,797,000 | $1,691,250 | 94.12% | 138.0 | 34 | 17.00 | | April | 2008 | 4 | $1,435,000 | $1,321,810 | 92.11% | 152.0 | 33 | 8.25 | | May | 2008 | 3 | $661,967 | $630,833 | 95.30% | 129.0 | 35 | 11.67 | | June | 2008 | 3 | $769,667 | $726,667 | 94.41% | 57.0 | 33 | 11.00 | | July | 2008 | 3 | $925,967 | $871,633 | 94.13% | 92.0 | 37 | 12.33 | | August | 2008 | 4 | $880,675 | $852,275 | 96.78% | 55.0 | 40 | 10.00 | | | | Total | | 20 | $1,060,025 | $1,008,495 | 95.14% | 90.4 | 37 | 12.75 | | | | Total | 2008-2008 | 20 | $1,060,025 | $1,008,495 | 95.14% | 90.0 | 37 | 13.00 |
Category - SingleFamily / Area: RUM - RUMSON
| Month | Year | Monthly Sales | Avg ListPrice | Avg Sale Price | % Diff Sell/list | Avg DOM | Curr Inventory | Months Inventory | | January | 2008 | 8 | $1,781,737 | $1,649,062 | 92.55% | 63.0 | 80 | 10.00 | | February | 2008 | 6 | $2,085,333 | $1,926,167 | 92.37% | 182.0 | 93 | 15.50 | | March | 2008 | 5 | $1,117,780 | $1,041,600 | 93.18% | 143.0 | 105 | 21.00 | | April | 2008 | 7 | $923,114 | $873,929 | 94.67% | 82.0 | 108 | 15.43 | | May | 2008 | 8 | $1,346,725 | $1,224,562 | 90.93% | 117.0 | 113 | 14.13 | | June | 2008 | 6 | $996,150 | $937,902 | 94.15% | 64.0 | 120 | 20.00 | | July | 2008 | 8 | $1,721,625 | $1,622,062 | 94.22% | 134.0 | 110 | 13.75 | | August | 2008 | 7 | $1,103,271 | $1,006,071 | 91.19% | 98.0 | 112 | 16.00 | | | | Total | | 55 | $1,384,467 | $1,285,169 | 92.83% | 110.4 | 105 | 15.73 | | | | Total | 2008-2008 | 55 | $1,384,467 | $1,285,169 | 92.83% | 110.0 | 105 | 16.00 |
So lets all get bullish about real estate, there are future capital gains to be had at shark prices right now. If you are interested in statistics about any other town not shown here , please email. In other news, I am looking for a few good men (or women). I have invested so heavily in websites in the last few years that I have an over abundance of qualified prospects coming in every day. I only hire a select few, but I am looking to expand right now, so if you want to know more about coming a professional real estate agent. Please call or email. Carolynn Ozar-Diakon Broker Owner RESOURCES Real Estate 732-212-0440 www.resourcesrealestate.com carolynn@resourcesrealestate.com .
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Well, the real estate buyer decided to take their lives off hold and buy homes - taking advantage of the still low interest rates and the affordability factor that increased in the last couple of years with higher supply forcing homeowners to lower prices to match demand. Currently there are 12 homes under contract in Rumson, and only four of those are over $2M. Out of the four properties, Resources Real Estate sold two. one we listed and sold, for a total of three transactions. AS THEY SAY THREE OUT OF FOUR AIN'T BAD!! One of my major goals has been to stay lean and mean and not hire anybody and everybody. I strongly believe in quality not quantity. Our concept is to maximize the knowledge and experience in our boutique office rather than hire hordes of part times that rarely come into the office and sell maybe two properties a year. 
The average price of a home on the market today in Rumson is $1,804,367 with an average of 120 days on market. Year to date closed and sold properties in Rumson shows 39 homes, the average selling price has been an overall average of $1,303,818 with with an on the market average 106 days on the market | January | 2008 | 8 | $1,781,737 | $1,649,062 | 92.55% | | | | | February | 2008 | 6 | $2,085,333 | $1,926,167 | 92.37% | | | | | March | 2008 | 5 | $1,117,780 | $1,041,600 | 93.18% | | | | | April | 2008 | 7 | $923,114 | $873,929 | 94.67% | | | | | May | 2008 | 8 | $1,346,725 | $1,224,562 | 90.93% |
Rumson has fared well with sale to list price year to date, we are seeing on average a 92.57% of list to sale. That is representative of our area being somewhat insulated from the national real estate numbers, and also smart pricing. Ok, what about all those homes that have been on the market for ages that you drive by all the time? OVERPRICED For the sake of losing you to sleep, I chose only one town to report. However I am happy to provide you with reports on your town. Just click here for a town report. Enter the town and we will be happy to supply. Just some of the towns we cover are:- Little Silver, Fair Haven, Monmouth Beach, Atlantic Highlands, Sea Bright, Middletown, Holmdel, Colts Neck, Red Bank, Oceanport and Shrewsbury. PRICE is the sole reason for a home not to sell, even if it shows terribly and is located next to a train track - there is a right price for it. We don't always want to find out what that price is, and that is ok. The beautiful thing about owning your own home is you can do what you want. SELL IT OR STAY RIGHT WHERE YOU ARE. The great thing about real estate over say an investment like stocks - is that you get to live in your investment while the market continues to cycle up and down and up again. You can even decorate it!.You can't do that with stocks. 
REMEMBER Stocks are liquid assets; houses are not. You can't improve a stock; you can improve your home. Stock prices fluctuate rapidly; house prices remain relatively steady.
A stock is an investment and nothing more; a house is your home. Away from real estate for a second, although for those that know me may say that is impossible! So, I am a little passionate about the subject of real estate.. In fact, I am in the process of making a real estate video, which will focus on pricing and staging. I shall be attempting to make it lively and humorous like my radio show, so not to lose anyone to sleep. More news on that later. Went to see 'Get Smart' with my 13 year old daughter, it was cute and funny and not laced with sex, violence and cursing. We went to the movies in Atlantic Highlands - we love that movie theater. No sex, violence or cursing from the audience. Not always the case at the mall, I avoid that one wherever possible. Went to The Avenue on Wednesday night for dinner with the board of Prevention First, we had our once a year dinner. I was extremely disappointed in the service, our waitress was surly at best. Never got our coffee, had to jump up and down for service, it was really loud, and I did not feel well the next day. So I would give it a thumbs down. Went to a search engine optimization class last week at the Molly Pitcher - hosted by Brian Pasch - very informative. Anyone not getting what they want out of their site, just go to his website www.brianpasch.com It was an eclectic group, from a newspaper, scar and tattoo concealer products and Mr John the portaloo company. It was good to meet people in other industries and brainstorm ideas. In fact, I went to look at a horse with my daughter a couple of days after the seminar and the farm that we went to had a portable toilet, I would never have noticed before, but I even sneaked a peek at the vendor. There is business everywhere if you look! The "Resourceful" went into the water this month for Summer viewings of waterfront properties. See beautiful waterfront homes here. Had a bankruptcy attorney come into the office this week, which was very helpful.He gave us some interesting information. We keep our skills honed and want to stay abreast of information for our clients. Hopefully, none of our clients will need his services, but we know how to help, if and when any of clients are thinking of reorganizing their finances. I am in the process of putting together a team of experts in several fields, that our clients can turn to. Divorce attorney, Financial planner, Counselor, Divorce Mediator and Bankruptcy attorney to start. Many times these services go hand in hand with a real estate situation and I want to have a team of experts on board to help. WANTED: Persons or Items needed by myself, my agent or my clients - Cleaning person 3 or 4 days per week.
- Sales Person for inside/outside sales for website ads.
- Part time bookkeeper one day per month.
Before you leave don't forget to look at the great homes we have available. To talk to me direct call 732-212-0440 or visit my website www.carolynndiakon.com.
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I heard an interesting statistic on the radio yesterday. Nationwide home sales prices are down 14% overall since last year, yet up an overall 60% since 2002. I still don't get the doom and gloom. 60% increase does not say either to me. Personally I am still investing in real estate. I am not buying ugly duckling homes -fixing them and reselling like I did a few years ago. I am buying rental properties, the prices have come down, rents have remained stable and what do I care if the go up or down in value in the years to come. The key being - that I will pick and choose when to sell an investment property and I plan to sell when they are high in value. I always shoot for a 10% return on my investment and so far, I have done pretty well. I don't get every house that I bid on, some I lose to higher bidders. That's ok, buying an investment is non emotional and if lose a couple, then so be it. It is the ones I do get that count. As far as my own home is concerned, yep mine too is worth less this year than last. That's the way the real estate market cycles, and in a few years it will be worth more than last year again. I have choices, I can sell in the next seller market or I can sell before and make up the spread by paying less for something else. It all comes out in the wash. I do think we should stop and consider when we sell that the real value of the home is something priceless, and that we have already taken out. It is the place to go to feel relaxed and safe. It is the place to go at the end of the day that you can go to do just as you want, it belongs to you - not to a landlord. Nobody can tell you what to do in your own castle. So, if you deduct the amount you would have spent on rent and then consider the value in your lives that owning a home added. In my book that is always money well spent. In the meantime if you have an investment property to sell. CALL ME. It might be right up my alley.
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A few evenings ago, I was in a meeting where an issue arose due to a misunderstanding. Misunderstandings are annoying at the best of times, but when it can cost someone money - then it is really upsetting. My over 22 years in real estate have given me experience in all types of markets, negotiations and situations. It has afforded me the luxury of being considered an expert in my field. My background as a public speaker, makes it impossible for me not to want to share my knowledge, even sometimes when it is not necessarily in my own best interest. I cannot bear misinformation. That was one of the reasons, I did the radio show on 94.3 The Point, for three years. Many listeners called me with questions, many of them out of the area. I am always happy to help. Imagine, how frustrating to be in a meeting where the other party is misinformed and given bad information. I am not talking about opinions like comps, but hard information. It is an awkward situation at best, it feels uncomfortable pointing out that they have been given wrong information, it is embarrasing to know that they do not have the correct information - but to correct them properly, it would mean embarrasing their agent. In real estate information is so valuable, and if a client is misinformed or not educated- it ultimately can cost them money. Yet, some people choose an agent based on their eagerness to please, and which one told them highest price in the market analysis. STOP. The public should demand so much more than that. It is so easy to get a real estate license, and so many agents never bother to get properly trained. With some, it is disinterest, some others it is lazyness or even ego. (You know "the first day on the job know it all types" ) I personally train all my agents so that they can share in the knowledge and experience that I have to offer. Those that do not get properly trained in this industry will utilimately cost their clients time and money. Those that do not feel it necessary to go to ongoing training and workshops are encouraged to leave the business - at the very least the office! Although that does not help the public when they take their lack of knowledge elsewhere. For those agents that are not sure, please ask your manager the questions - don't fake it. It is ok to be new, it is not ok to be arrogant. For the sake of your client, for the sake of the other agent, and for the sake of the industry. GET IT RIGHT. For the public that did not know this today - I apologize on behalf of the industry. Here is information that should have been explained to you by your agent. A First Right of Refusal is simply an agreement between a seller and a potential buyer allowing the buyer the option to purchase the seller's home within a specific time period. The seller generally keeps the home on the market, and if another offer comes in, the original buyer would have the right to waive the contingecy,and proceed to close. If the buyer is unable to waive the contingency the seller then has the right to cancel the contract and proceed with the second buyer. The seller is giving the right of first refusal to the buyer. If the buyer is not able to waive the first right of refusal contingency in the time frame, the seller can give the buyer an extension or not. Obviously, if the seller has another offer, he would not. If he has no other offers, an extension would seem logical.The seller is giving the buyer the right to purchase the property prior to anybody else being allowed to purchase it. The Buyer HAS the right of first refusal, the Seller GIVES the right of first refusal. Therefore the seller, at worst case scenario,has if you will a last resort offer. If they cannot find another buyer they know they still have their original buyer - as soon as that buyer can perform.
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• 4 bath, 5 bdrm single story
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MLS®
$1,150,000
Holmdel, Monmouth County
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Beautifully presented,this 5BR/4BA epicurean home is superbly appointed and designed with a gourmet kitchen overlooking professionally landscaped gardens with an inground heated swimming pool,hot tub,tiki bar,fish pond and cabana, creating an oasis of tranquil splendor. The inside is equally impressive w/a media room and wet bar,surround sound,3 gas fireplaces,and a full finished basement with a full bath and sauna. Home is immaculate,neutral,and in move-in condition. You won't be disappointed!
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• 7,700 sq. ft., 8 bath, 6 bdrm 2 story
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MLS®
$4,495,000
Rumson, Monmouth County
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Recently awarded "The Best in American Living Award" by the National Assoc of Home Builders and Prof'l Builder Magazine. Described as "Old World aesthetic meets new world genius" by The Asbury Park Press. Called "the most beautiful new home to be built in Rumson in years" by locals. Come see for yourself: grand yet family friendly, beautifully designed, finest craftsmanship. An extraordinary home. Full brochure available.
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• 7,400 sq. ft., 5 bath, 5 bdrm 3 story
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MLS®
$3,625,000
Rumson, Monmouth County
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Unique English Manor home complete with secret garden. Nestled in the centre of the house is private courtyard with stunning gas fireplace. This distinctive property offers a highly sought offer location on quiet lane and a wealth of top drawer appointments. Exquisite kitchen with 2 islands and beautiful marble. Substantial moldings and coffered ceilings - accompanied by expansive windows and window seats, 3 staircases, 3 super lofts, 2 laundry rooms ad even a dog shower. Complete list available
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