Tagged: buying tips

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 buy your first home

The home purchase process can be a bit scary for first time buyers. The Marlboro NJ first time home buyer tips below will help. Real estate is a big investment and buyers should start with as much information as possible.

Before Buying

Select a Local Mortgage Company & Request Pre-approvals

Interview a local mortgage provider and receive a pre-approval. Different companies may offer different programs. Review the services and fees to decide the best program. Get estimates on up-front costs and monthly payments. This may offer a good estimation of what you can afford.

Get Assistance from a Realtor

Find a real estate agent in Marlboro, NJ to guide you through the real estate buying process. Evaluate several agents and pick one that best understands your needs. Experienced brokers will help you identify appropriate properties, negotiate contracts, and facilitate a smooth transaction. This can be critical for first time buyers.

During the Real Estate Process

Real Estate Showings

Only tour homes within your price range. This avoids the disappointment of wanting real estate that you cannot have. Home showings can be time consuming, so staying within your budget will also save valuable time.

Contracts

Real estate brokers can offer advice on contracts and negotiating them, but they can not practice law. Ask about using a local real estate attorney to explain legal jargon and add any necessary clauses. Do not sign any documents that you are not completely comfortable with.

Inspections

Do not use an inspection to renegotiate price or other terms. Also stay away from negotiating previously disclosed issues. Such strategies often fail and lead you to lose the money spent on the inspection. Sellers may agree to repair problems, provide monetary concessions, or be unwilling to do anything. Try to be fair with your requests and sellers will be more willing to negotiate them.

Final Walk-Thru

Prior to the closing, you will have an opportunity to view the property. Try and schedule this for after the seller has moved out. If any issues are found at the walk-thru, you should resolve them before completing the closing your leverage disappears afterwards.

The Closing

Be sure to bring proper identification to the closing. Bring a bank check or money order for any money due. Have your checkbook ready for any last minute adjustments. Once the settlement paperwork is filed, the home is yours!

Advanced Marlboro NJ First Time Home Buyer Tips

The home buying process can be much easier with some advanced preparation and knowledge. For information beyond what is included in this Marlboro NJ first time home buyer tips, contact Sujatha Bhaskara at Keller Williams Realty by calling 732-536-9010 or by emailing sbhaskara@optonline.net. 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!

Marlboro home buyer relocation information

Relocating to a new community can be a stressful process. There are many things to take into account including quality of local schools, local amenities, crime levels, tax rates and distance to work. Below you will find important Marlboro, NJ Home Buyer Relocation Information.

School Systems and Marlboro, NJ Real Estate Prices

The ranking of a school system is a consideration not only for families with kids but also for any home buyers thinking about resale value. A high quality school district has a positive influence on real estate values, as well as property growth in value. Be sure to check out local schools in the process of your home search. Websites like also GreatSchools.org offer general information on different school systems.

Marlboro, NJ Amenities

The convenience of recreational facilities, shopping, and other services are important considerations and may impact your quality of life. Websites such as Yelp.com display a map of entertainment venues, grocery stores, doctors offices, restaurants, and financial institutions in relation to a specific address. Be sure to develop a list of the most desired amenities and provide that information to your Realtor if it is an essential factor in your home selection.

Crime Statistics in Marlboro, NJ

Crime levels in a neighborhood can help or hinder home values, as well as the general the quality of the community. Inquire at the local police department for details or check crime websites like CrimeReports.com. Some smart phones also have apps for checking crime rates.

Marlboro, NJ Real Estate Taxes

Property tax rates may vary greatly among communities and have a big impact on monthly housing cost. Property tax records are public information and are usually listed online, at municipal offices, or through a local real estate professional or Mortgage Professional. When researching affordability of a region, be sure to get estimates for both mortgage payments and real estate taxes.

Commuting Time to Work

The distance to major highways can affect both home prices and commute time. A home close to highways has its advantages and disadvantages but may increase value to properties in certain cases or may lower it in others. Consult with a local real estate broker regarding this. You may be forced to find middle ground between commuting distance and property prices.

Marlboro, NJ Home Buyer Relocation Information

Real estate brokers are a helpful resource when it comes to Marlboro, NJ home buyer relocation information. They know the intricacies of an neighborhood, understand the local real estate markets, and can help make searching for and buying a home much less stressful. Let me put my knowledge to work for you. Reach me, Sujatha Bhaskara at Keller Williams Realty, by calling 732-536-9010 or emailing sbhaskara@optonline.net. Much of the above information can be found right on the Marlboro Market Insider page of my website. Please take a moment to check it out!