Dear Seller, are you REALLY motivated?

…. or are you just wasting everyone’s time with an overpriced home?  house picture

I don’t know why ANY home seller would put themselves thru the pain and agony of trying to sell in this market unless they REALLY REALLY want or need to sell. Well, I do know the answer but it just pissed me off a little bit.   Read more ›

Posted in Buyers, Sellers Tagged with: ,

Open Houses Suck… a case study

South Jersey Real Estate

4 open houses over 4 weeks, I know it’s not a scientific study, but I already know the answer to the question of “Do open houses work?” 

Back in the day when I was a newbie, I did about 40 open houses a year and it was a good prospecting tool and to help build my database of potential buyers and even some sellers. Selling the house was Read more ›

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Buy 1st or Sell 1st …THAT is the Question!

Let’s say that you own a home but want to move to a better home.   Most people start the process by looking for the new home first… and then it hits them…. how am i going to pay for this thing?!    For the sake of brevity, let’s say you don’t want to rent your current home and that you have some cash/savings for a down payment but not enough to buy the new house outright with no mortgage.   small house

So, if you want to buy the new home FIRST, you must qualify for the new mortgage while you still have a mortgage on your current home… that’s tough for most people.   Also, you run the risk of making two mortgage payments while waiting for your old house to sell… that can be a little scary because the potential for loss is almost unlimited.   The advantage of buying first is that you know exactly where your moving to, when your moving, the cost of the new house and best of all, you can move right away.  Read more ›

Posted in Sellers Tagged with: ,

56 Woodmill Dr, Blackwood-Rental $1500

RENT or Rent to Own in Desirable Woodmill Pond section of Gloucester Twp, 3BR, 2.5 Bath, LR, DR, family room, laundry room, breakfast bar in Kitchen, one car garage with electric. This home has Read more ›

Posted in Buyers, Investment Property, Listings, Uncategorized

3 Lease Purchase Myth Busters

South Jersey Lease Purchase Homes  cartoon house

It seems to me that people get caught up in looking for a lease purchase because they think that it’s somehow better than renting…. in most cases, and this is just my opinion,  it’s NOT.    Maybe it makes them “feel” better than renting?

  1. Myth Buster 1…..The truth is that if you don’t clean up your credit so you can get a mortgage your wonderful Lease Purchase ends up being aregular old rental and if you don’t pay the rent, you get regular old evicted.
  2. Myth Buster 2….. your rent CAN NOT get applied 100% to the purchase price because the lender that you use to get a mortgage to buy the house is only going to let the seller credit you amounts that you pay over and above the fair market rent for the property, as determined by their appraiser at the time of the purchase.
  3. Myth Buster 3… makes more common sense to find an affordable rental in a good location with a Landlord who wants to RENT long term(and not pressure you to buy) and then you can take your time to fix your mortgage qualifying problem(s).   THEN once you can get a mortgage there are LOTS of houses to choose from and you won’t be limited to only lease purchase homes.

The other problem I see in the market today is sellers who can’t sell thier property, decide to rent or lease purchase without knowing all the responsibilities of being a landlord.    It’s not easy being a landlord and most home sellers don’t know what they don’t know….this creates all kinds of tenant headaches and potential disputes…. maybe I’ll cover that in the next blog article 🙂     In the mean time, see below my current list of affordable rental homes in South Jersey that might be a good alternative to a lease purchase.

[idx-listings linkid=”87015″ count=”10″ showlargerphotos=”true”]

Posted in Buyers, Listings

Top 3 Mistakes Home buyers make

I’m sure I’ll think of several more common mistakes as soon as I’m done typing this 🙂   As a full time real estate broker in South Jersey, I see this kind of thing all the time as I list and sell homes.   So here they are, in no particular order….

mistake Doh

Read more ›

Posted in Buyers, Investment Property

South Jersey Real Estate Broker….part time Psychologist

Some people are really crazy, but when buying a home in South Jersey I think many people might qualify as temporarily insane!   Everyone wants a good deal, but no one seems to know how to define it. If you don’t take the time to define it, how will you know when you got it? lucy
keep reading here

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1st time Home Buyers…South Jersey Starts Here

This is real estate 101… for the first buyer’s in the crowd!

Before I get started, let me first say how important first time buyers are to the south jersey real estate market and to ANY real estate market for that matter.   With out first time buyers, move up home sellers can’t move up.   It’s estimated that every time a first time home buyer purchases a home, there are FIVE subsequent transactions.   Bottom line… that FIRST home transaction sets off a chain reaction of home sales and economic activity…. well, it’s a beautiful thing  🙂  mymoney1 keep reading here

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The Hidden Killer contingency every Home Seller should look for

contractSouth Jersey Real Estate Broker exposes a hidden deal killer

Yes…it’s a killer and it’s quite hidden until you know exactly where to look for it.   keep reading here

Posted in Sellers

Get on FaceBook… 6 steps to sending referrals to your favorite Realtor

Hello my Facebook buddies…..We all like our friends, right?  So here are 6 easy steps on how to take care of your friends who are looking to buy a home in South Jersey… and how to send a referral to your Favorite Realtor…… uhmm, that’s me…. and of course I’ll make sure they get the best service, advice and guidance.  facebook keep reading here

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