Tagged: buying a home

Benefits of purchasing Marlboro homes in 2012

Benefits of Purchasing Marlboro NJ homes in 2012It is a bit tough to consider purchasing real estate with all of the negative news on the real estate market. When you review the facts, it is actually a great time to purchase real estate. The following are benefits of purchasing Marlboro NJ homes in 2012.

Benefits Of Purchasing Marlboro NJ Homes In 2012

Favorable Home Loan Rates

Interest rates are at an all time lows. Most buyers obtained fixed rates under four percent during the first half of the year. Loan rates have a significant impact on recurring loan payments. By obtaining a low rate, home buyers spend less money on a property or are able afford a more expensive property. Rates will not stay low for the long term, so buyers should act sooner rather than later to to fix in a low rate for the full term of their home loan.

Property Prices

The decreased real estate market means that real estate is sold at a lower price than they were at the peak of the market. Like stocks, it is more beneficial to purchase at a low price than a high one. Real estate in the usually appreciates over time. By buying on the low end, there is also more potential for appreciation.

The Ability to Upgrade to a More Expensive Home

When real estate values decline, it is actually the best time to purchase a more expensive property. Buyers may lose some equity in selling an existing home, but the money saved on the higher priced home should be more than that loss. Many buyers are finding that the reduced prices offer a rare chance afford a home of their dreams.

A Smaller Gap Between Renting and Buying

The cost of rent remain high even though housing prices are low, resulting in a smaller difference between renting and buying. Buying has the added benefit of tax deductions for mortgage interest, municipal taxes, and other expenses. When you also consider the ability to build equity over time, home buying offers both savings and long term growth potential.

Help With Buying a Property in the Marlboro NJ Area

There are many benefits of purchasing Marlboro NJ homes in 2012. If you are ready to take advantage of low prices, low mortgage rates, and the other advantages of purchasing a home, start by contacting a mortgage professional and real estate buyer’s agent. Contact Sujatha Bhaskara at Keller Williams Realty (732-536-9010, sbhaskara@optonline.net) for additional information on the real estate market and assistance with your real estate buying needs.

I invite you to begin your Marlboro, NJ home search at www.bestinnjrealestate.com, a great buyer resource. Here you can save your favorite properties, set up a custom listing alert for homes in Marlboro that meet your needs, view Real Estate trends in the area, get local Marlboro, NJ school and community information, and much more!

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Why should buyers have pre-approvals?

When looking to buy properties, it is natural to be very excited and want to start visiting homes as soon as possible. In that excitement, you may hold off on the important step of starting a mortgage pre-approval. A pre-approval is a preliminary evaluation of your finances and credit worthiness to determine whether you may be approved for financing. It is not a guarantee for a mortgage, but a guess prior to a full mortgage application. Having a pre-approval letter in-hand is important for a variety of reasons. This blog details reasons why buyers should have pre-approvals before visiting New Jersey properties.

Understand Your Options

Financing requirements and mortgage rates change regularly. A pre-approval provides an understanding of the programs and options that you can use, what your up-front expenses will be, and more importantly, what you can purchase. Without this information, you may waste valuable time visiting homes that you can not finance or that are basically beyond your affordability. Identifying your price range also saves you the heartache of visiting and wanting a property that you cannot have. This is one of the most important reasons why buyers should have pre-approvals before visiting New Jersey properties.

Purchase Power

New Jersey properties with highly sought after amenities or the best price tend to move fast. A pre-approval gives you the power to make an offer on that perfect listing. When you prepare an offer, you normally must include a pre-approval letter. This demonstrates to the seller that you are ready, willing, and able to purchase. It is unlikely that a seller would consider an offer and move forward with a buyer without any documentation that a buyer can even obtain a loan. In multiple offer situations, a pre-approval is even more essential.

Saving Time

A pre-approval saves time when making an offer and on the processing of a loan. Most sellers request a pre-approval with offers. Not having one ready will lead to delays in submitting your offer and may result in a missed opportunity. Pre-approvals involve reviewing documentation of income, assets, debts, etc. This can take a couple of days based on whether you have the documentation readily available. Errors in your credit reports can cause additional delays. Starting and addressing this step in advance will also save significant time when processing your loan and achieving a quick closing.

Reasons Why Buyers Should Have Pre-approvals Before Visiting New Jersey Properties

The information above on reasons why buyers should have pre-approvals before visiting New Jersey properties is something to remember when thinking of buying a home. The home buying process can be complicated and stressful to begin with. Being diligent and prepared can reduce the stress and issues encountered along the way. For additional guidance, contact Sujatha Bhaskara at Keller Williams Realty by emailing sbhaskara@optonline.net or calling 732-536-9010.

I invite you to begin your Marlboro, NJ home search at www.bestinnjrealestate.com, a great buyer resource. Here you can save your favorite properties, set up a custom listing alert for homes in Marlboro that meet your needs, view Real Estate trends in the area, get local Marlboro, NJ school and community information, and much more!

How to search home listings online

Searching Marlboro NJ home listings online can be a cumbersome task. There are numerous online websites to choose from. The information below will help you understand the different websites.

Real Estate Websites Are All Different

Marlboro NJ listings are normally entered into a database, called the Multiple Listing Service (MLS), by local real estate agents. The listing details are then distributed to third party websites through feeds and syndication. These websites reformat the data and display them in different ways on their websites.

Although the third party websites pull data from MLS, they do not necessarily receive every home for sale in MLS. Sellers can opt-out of having their listings included in the distribution feed. Also, these websites may only pull new listings at certain intervals, so new listings may not immediately appear on those sites. If you are searching listings in a hot market, a delay in seeing a newly entered listing may result in missing the home of your dreams.

Searching Marlboro NJ Home Listings Online

Using third party websites are a great way to search homes for sale, but keep in mind that local real estate brokers have direct access to MLS and can guarantee complete access to every listing for sale in MLS. Real estate brokers can either filter real estate listings on your behalf or give you direct access to MLS through their account.

Each real estate professional may use different methods to grant that access. Some questions to ask a real estate agent are…

  • Can I access the system online?
  • Can I enter different search criteria?
  • Will I receive an email on new listings?
  • How quickly will a new listing be displayed?

Understanding Your Options

Now that you understand where third party websites get their real estate listings from and how that compares to what a real estate agent can provide, you can decide the preferred method that you would like to use for searching Marlboro NJ home listings online. I am confident you will love the home search on my website, www.bestinnjrealestate.com, a great buyer resource where you can save properties, set up custom listing alerts for homes that meet your needs, get local Marlboro, NJ school and community information, and more!

For details beyond what is provided in this searching Marlboro NJ home listings online information, contact Sujatha Bhaskara at Keller Williams Realty by calling 732-536-9010 or by emailing sbhaskara@optonline.net.

How to choose your neighborhood

Finding a property is about more than the house itself. Every neighborhood offers a unique sense of community, events, and features. Many factors should influence your decision to select a property. Read below for neighborhood selection guidance for Marlboro NJ home buyers.

What to Investigate

Schools

Every neighborhood falls into a specific school district, and each may vary in ranking. Find the school district boundaries prior to selecting a piece of real estate. School information can typically be pulled up on the Internet. You may also choose to contact schools directly for up to date information or to plan a visit.

Real Estate Market Statistics

Real estate is all about location, location, location. Compare the home values in the particular neighborhood as it may differ from others and from the general city. Average sales price, total homes sold, and average listing time can give you an indication of how desirable a neighborhood is and how well homes there sells. A local real estate professional can provide this information to you. Analyze not only data for this year but also for previous years.

Neighborhood Characteristics

Take the time to tour a neighborhood before submitting an offer on a home. Note the local amenities such as recreational areas and restaurants. Visit at varying times of day to see traffic patterns. Review the maintenance of neighboring houses. Look up local crime rates on the Internet and by calling the local police department. Chat with neighbors as they often offer information not posted on public sources. All of this will help you get a good understanding of the area prior to making an investment in a home.

Covenants & Restrictions

Read the deed and other paperwork for a property and find any covenants, restrictions, and fees. If you have particular plans for the property, check for rules specific to those plans. If in a subdivision with private roads or shared amenities, ask about annual fees and how often they may increase.

Potential Changes that May Impact a Neighborhood

Research the general area and the particular neighborhood on the Internet. This will reveal any recent news or public records. Look for any contested changes or other events that may alter the quality of life. Neighbors will also be a great source of information.

More Neighborhood Selection Guidance For Marlboro, NJ Home Buyers

Buying a house is a important investment. Researching the items above will better protect that investment. Consult with a local real estate agent for answers on different neighborhoods and for more neighborhood selection guidance for Marlboro NJ home buyers. Using the services of a real estate agent can also make the home purchasing process less stressful. This information was prepared by Sujatha Bhaskara at Keller Williams Realty. Contact Sujatha Bhaskara at 732-536-9010 or sbhaskara@optonline.net for more advice on this and other similar topics.

I invite you to begin your Marlboro, NJ home search at www.bestinnjrealestate.com, a great buyer resource. Here you can save your favorite properties, set up a custom listing alert for homes in Marlboro that meet your needs, view Real Estate trends in the area, get local Marlboro, NJ school and community information, and much more!

Custom home in Sayreville, New Jersey

Custom Home in Sayreville, NJ

Gorgeous Custom Home in Sayreville, NJ… This Sayreville home boasts three bedrooms and two full baths. The home was built in 2006. Pride of ownership is obvious in every inch of this Sayreville, NJ dream home. Stunning stucco and stone plus a gorgeous wood front door invite you into this custom beauty which has been immaculately maintained. The materials used are very well chosen and thought through both inside and out! Gleaming hardwood floors in all the main living areas, fabulous high ceilings, and a gas fireplace are just some of the features you will instantly love about this Sayreville home.

Custom Home in Sayreville, NJ Custom Home in Sayreville, NJ Custom Home in Sayreville, NJ Custom Home in Sayreville, NJ

The custom details are impossible to overlook! The main bathroom has been redone recently. The outdoor space is as impressive as the indoor space in this home… Beautiful Porch and Stone Patio. Koi pond in the exceptionally well maintained back yard. Need I say more? This is paradise at an affordable price! But let’s gild the lily a bit more anyways… This home is in a quiet, desirable Sayreville, NJ neighborhood. It’s close to transportation. Plus a complete appliance package is included! There is basically nothing to do but move in and enjoy.

Please take a moment and check it out the video: 3 Bedroom Home in Sayreville, NJ – Call Sujatha Bhaskara at 732-319-1340

Custom Home in Sayreville, NJ

For more details and to contact me, visit www.bestinnjrealestate.com, your Real Estate resource for homes in MorganvilleAberdeen, Colts Neck, East Brunswick, Edison, Englishtown, Freehold, Holmdel, Jackson, Keyport, Little Silver, Manalapan, Marlboro, Matawan, Monroe, Old Bridge, Parlin, Sayreville, South Brunswick, NJ and beyond.

If you have specific Real Estate questions in any part of New Jersey, contact Sujatha Bhaskara, Your New Jersey Real Estate Agent, by phone at 732.319.1340 or by email at sbhaskara@optonline.netIf you are new to the New Jersey area, and would like a friendly, hassle free place to meet New Jersey residents and learn more about the area, visit my Facebook page @ Sujatha Bhaskara – Keller Williams Realty New Jersey.

If you’re thinking about selling your home in the Sayreville, NJ area and you don’t have a Realtor®, please contact me! I would love to show you how, through strategic pricing, proper condition/staging, and expert marketing; you are likely to get your home sold quickly in today’s Sayreville, NJ real estate market.