First-Time Morris County Homebuyers, Where to Start

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, mortgage, first time homebuyer

When it comes to figuring out how to begin up the path to homeownership, Morris County renters are left pretty much to their own devices. For the majority of first-time buyers who will use home loan financing to get there, getting started is simple enough: you begin by knowing two basic numbers. The first is the amount of money you …

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 …

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 …

Sensible Improvements for Morris County Homes for Sale

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, House prices, Luxury, Luxury Homes, Selling, home improvement

For local homeowners whose Morris County homes will be up for sale in 2018, there’s bound to be some consternation regarding how much time, effort, and budget need be directed to the project. In addition to formulating a timetable for extra maintenance in areas where signs of undue wear and tear stand out, there’s the question of whether more ambitious …

Applying for Morris County Mortgages: One Underlying Factor

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers, mortgage refinance

Every mortgage lender develops their own unique guidelines for evaluating the factors contained in a home loan application. These may change from time to time so that their portfolios stay “balanced”—that is, so that the cumulative risk represented by the entire batch of home loans do not exceed the level of risk they wish to assume. Potential Morris County mortgage …

For Some Morris County House Hunters, Autumn = Opportunity

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

A while back, Forbes noted what they called “The Four Ways the Real Estate Market Changes” after Labor Day. The article recognized a truism that holds for most parts of New Jersey—namely, that the period between Labor Day and Thanksgiving is what most of us think of as “fall.” It went on to describe four ways the change of seasons …

Some Morris County Luxury Homes Might Not be Out of Reach

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, House prices, Listing agent, Luxury, Luxury Homes, Luxury Buyers

The content the National Association of Realtors® publishes is usually staid and non-controversial. After all, what they put out there has to ring true for the real estate industry in every nook and cranny of the country: in communities large and small, coast to coast—from Podunk to Peoria, Manhattan to Morris County. Real estate is, after all, the most massive …

Morris County Mortgage Rates Point to Encouraging Future

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

Last week, following the Fed’s hike in the rates they charge banks, you might expect a matching rise in mortgage rates for Morris County home buyers and refi applicants. If the experts are right, that’s far from a done deal. The Washington Post headline said it all: “Mortgage rates move slightly higher but could be headed back down again.” Mortgage …

Smart Positioning in the Quest for Morris County Homes for Sale

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, House prices, Luxury, Luxury Homes, Luxury Buyers

Not everyone who is looking at the homes for sale in Morris County needs to come up with a winner right away. If their own house has just been listed, they may reasonably estimate that it will be some months before the moving vans need to be summoned. Or they may be contemplating a move only if they happen across …