Reports Say Lenders are Relaxing Home Loan Requirements

themenardgroup Uncategorized, Buying, North Jersey, Mortgage rates, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, mortgage

Morris County readers who perused The Washington Post’s “Real Estate” section recently found a most encouraging piece of information—particularly if they were among many the younger and first-time home seekers who worry about qualifying for a home loan. And by the article’s finale, there was even one conclusion that sober-minded observers might decide had exceeded simple optimism… The headline article— …

The “Amazon Effect” on Morris County Residential Neighborhoods

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Listing agent, Luxury, Luxury Homes, Luxury Buyers

Amazon—or, more precisely, the Amazon phenomenon—is bound to have an increasing impact on Morris County residential neighborhood preferences. The connection hasn’t yet been widely acknowledged, but it’s hard to deny the logic behind it. The connection I’m pointing to isn’t the web behemoth’s rumored expansion into real estate. That was quietly floated last summer—and just as quickly abandoned. Without ceremony, …

National Home Prices Jump 37% Since 2014

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Home Equity, mortgage

When Morris County homeowners sit down to plot out their household’s long-range financial plan, the value they ascribe to their Morris County home usually deserves a leading role. As research firm Pulsenomics puts it, “changes in single-family home values can have profound impacts on consumer balance sheets.” Yet it’s often the case that homeowners assume that their home’s value is …

Common Sense Might Not Shape Future Morris County Home Sales

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Downsizing, Mortgage rates, Mountain Lakes, House prices, Garden State, Selling your home, Listing agent, Luxury, Luxury Homes, Multi-family, Luxury Buyers, mortgage

Many Morris County homeowners will be planning to list their properties this spring because it’s when future home sales would be expected to peak. Historically, at least, spring is when a sudden crush of prospects usually arrive on the scene. But this year, the upward drift in mortgage interest rates might have would-be sellers worried. After all, it’s common sense …

Pssst! No Secrets for Selling Your Morris County House

themenardgroup Uncategorized, Morris county, North Jersey, Downsizing, Mountain Lakes, Selling your home, Listing agent, Luxury, Luxury Homes, Selling

If you’ve learned to skip past onscreen click-me’s with hyperlinks reading, “Top 10 Secrets” or “Best Kept Secrets of the Pros,” you can usually rest assured that you’ve saved yourself some time. No matter whether the long-hidden secrets deal with diet tips, shopping discounts, or travel destinations, nine times out of ten the real secret turns out to be the …

5 Reasons for Buying Your Morris County Home Now

themenardgroup Uncategorized, Buying, Morris county, Mortgage rates, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers

There’s no challenging that ancient fable about the boy who cried wolf—which boils down to a simple story about why false alarms turn into more than minor irritants when a real wolf shows up. I can’t think of a comparable fable for the opposite situation, which is when an opportune circumstance has been ballyhooed so often that a surefire opportunity …

“My Morris County House Will Sell Itself” Can be a Problem

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, Selling your home, Luxury, Luxury Homes

You might think that when your house is in terrific shape, that’s all you need to guarantee a quick, successful sale. Just because it is located in a desirable Morris County neighborhood on a great street populated with conscientious neighbors—and just because it has most of the features and attributes that today’s buyers seem to want—that it’s a cinch to …

3 Simple Moves Build Power for Buying Your Morris Countys House

themenardgroup Buying, Morris county, North Jersey, Mountain Lakes, Luxury, Luxury Buyers, mortgage

Since buying a house in Morris Countys is rarely a spur-of-the-moment decision, the shrewdest way to use any lead time is to fortify your side of the coming transaction. After all, there will be two sides striking that bargain. For their side, the sellers will have to spruce up the property, prepare a marketing plan, post their Morris Countys listing, …

Imagining the Unimaginable Rebound in Home Equity

themenardgroup Uncategorized, Morris county, North Jersey, Investment property, Mountain Lakes, Luxury, Luxury Homes, home improvement, Home Equity

We’ve all witnessed the remarkable rebound in real estate values—and last week, the scale of that recovery was the subject of a CNBC commentary. “A growing number of homeowners are in the money,” it found; then, “Homeowners are sitting on trillions in tappable home equity.” Trillions? That’s a number that sounds quite impressive—but also hard to grasp. To get a …

Real Estate Appraisals in Morris County: Edging Toward Automation

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Luxury Buyers, mortgage refinance

Some predictions for New Year 2018 may be controversial, but one trend is beyond question: almost every sector of everyday life in Morris County will continue to be transformed—either incrementally or massively—by automation of one sort or another. Hordes of self-driving cars and trucks aren’t likely to take over Morris County streets this year, nor will Robocops start patrolling our …