Real Estate Archives

Why Would You Want to Move in Today’s Housing Market?

Advice, Buyer, Real Estate / By Heather Montalbano - RE/MAX Select

Why would you want to move in today’s housing market with all of the uncertainty around home affordability and mortgage rates? If you’re contemplating the sale of your home at this time, it’s likely due to a significant change in your life. While factors like mortgage rates undoubtedly influence your decision, it’s crucial not to let them overshadow the core reasons that initially prompted you to consider moving. Certainly, the current higher mortgage rates have an impact on affordability, causing some homeowners to delay selling in reluctance to face elevated mortgage rates for their next residence. Nevertheless, your lifestyle and […]

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Buying a Multi-Generational Home Improves Affordability

Advice, Buyer, Real Estate / By Keith LaBrunda - RE/MAX Select

In today’s era of soaring housing expenses, a growing number of prospective homebuyers are seeking innovative solutions to make homeownership a reality. One such solution gaining popularity is multi-generational living. Multi-generational living entails two or more adult generations cohabiting under one roof, including siblings, parents, or even grandparents. This article delves into why an increasing number of buyers are gravitating towards this housing option today and explores whether it might suit your needs. Advantages of Purchasing a Multi-Generational Home A recent study conducted by the National Association of Realtors (NAR) highlights the top two reasons behind the surge in multi-generational

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Staging Your Home for a Cozy Fall Sale

Advice, Home Staging, Real Estate, Seller / By Heather Montalbano - RE/MAX Select

As the leaves begin to change and the air becomes crisp, fall is a fantastic time to sell your home in New Jersey. The autumn season brings a unique charm and warmth that can make your property even more appealing to potential buyers. To ensure your home stands out in this competitive market, here are some expert tips on how staging your home for a cozy fall sale can attract the buyers to your home: Embrace the Seasonal Colors Incorporate the warm and inviting colors of fall into your home’s decor. Consider adding accents in shades of deep red, burnt

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Are High Mortgage Rates the New Norm?

Advice, Buyer, Market Trends, Mortgage Rates, Real Estate / By Keith LaBrunda - RE/MAX Select

Over the past few years, mortgage rates have been steadily climbing, attracting significant attention from the media. Those who have been keeping tabs on the headlines may have noticed that rates have recently reached their highest point in over two decades, as illustrated in the graph below. For those contemplating a significant move, this uptick in rates might feel like an unexpected setback. If you’re deliberating whether to postpone your plans or forge ahead, here’s the essential information you need. Understanding the Impact of Elevated Mortgage Rates There’s no denying that mortgage rates are currently higher than they have been

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Homeownership Grows Your Net Worth

Advice, Buyer, Real Estate / By Keith LaBrunda - RE/MAX Select

Consider for a moment where you envision yourself in the coming years. Perhaps you’re pondering your career, financial aspirations, seeking stability, or imminent objectives. Does owning a house fit into this picture? If so, it’s essential to recognize the myriad financial advantages of owning a home, and how homeownership grows your net worth. A compelling reason to purchase a house is its potential to enhance wealth and ensure financial security. This is attributed to the fact that the majority of homes appreciate in value, subsequently boosting your overall assets. Currently, home values are on an upward trajectory. As Zillow states:

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Recognizing the Advantages of Owning Your Home

Advice, Buyer, Real Estate / By Keith LaBrunda - RE/MAX Select

Considering a home purchase for the first time? Recognizing the advantages of owning your home and understanding the reasons others have taken this step can be enlightening. A PulteGroup survey of first-time homebuyers revealed: “When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting or recognition that homeownership is a smart financial investment was the main motivator for 72% of respondents.” Owning a Home Offers Greater Stability than Renting The escalating rent might motivate you to seek stability. As a tenant, there’s always the looming possibility of

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Must Have Skills for Your Listing Agent

Advice, Real Estate, Seller / By Keith LaBrunda - RE/MAX Select

Deciding to sell your home is monumental, evoking a mix of thrill and apprehension. The cornerstone to a triumphant sale lies in partnering with an adept listing agent who stands by you at every juncture. Commonly referred to as a seller’s agent, this professional is instrumental in promoting and finalizing the sale of your home, championing your interests throughout. So, how can you ascertain that an agent is the right fit for you? Here are three must have skills for your listing agent to have: Data-Driven Pricing Insight While it might be alluring to go with an agent who quotes

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2023 Year-End Home Price Forecasts

Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

Considering a property purchase? The rumors of plummeting home prices this year might have caused some hesitation. However, the facts and specialists’ insights should bring clarity. Contrary to beliefs, home prices are not plummeting and are set to end the year on a high note. Despite the buzz about potential price reductions of 5, 10, or even 20% this year, such a scenario hasn’t materialized. The primary reason is the limited availability of homes on the market. The demand from buyers exceeds the supply, preventing any significant price drop. To validate that 2023 wasn’t a disappointing year for property prices,

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Northwestern New Jersey – Real Estate Market Trends

Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

Northwestern New Jersey – Real Estate Market Trends Welcome to the pulse of Northwestern NJ real estate! Dive deep into the latest trends, statistics, and insights that define our vibrant housing market. Whether you’re a buyer, seller, or just a curious neighbor, our comprehensive analysis provides a clear overview of the current market dynamics. From median home prices, sales volume, and inventory levels to neighborhood comparisons and seasonal fluctuations, we’ve got you covered. Stay informed, make data-driven decisions, and navigate the Northwestern NJ real estate landscape with confidence. Updated monthly, our market trends page is your go-to source for all

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What the Experts Predict About Home Prices in the Next 5 Years

Market Trends, Real Estate / By Keith LaBrunda - RE/MAX Select

If you’re contemplating purchasing a home, it’s crucial to understand what experts anticipate will happen to home prices in the coming years and how that could impact your investment. Despite some negative headlines over the past year, home prices are performing better than anticipated and are on the rise nationwide. Moreover, projections indicate that this upward trend in home prices will continue. Continued Price Appreciation Pulsenomics recently conducted its quarterly Home Price Expectation Survey (HPES), polling over 100 economists, investment strategists, and housing market analysts. The survey results reveal expert predictions about home price trends for the next five years.

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