Mortgage Rates Fell. No, they Rose. No, they…

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, House prices, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Keeping an eye on Morris County mortgage rates is a useful pastime for anyone who tracks local home sales because of the immediate effect they have on affordability. It can’t get much more immediate than the “projected monthly payment” numbers that calculators come up with alongside an online listing. Those instant calculations include tax and insurance estimates, but those change …

6 Ways to Zero in on the Lowest Morris County Mortgage Rates

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Without knowing it, many people develop something akin to a split personality when it comes to buying a home. In the beginning, as they pursue their ideal Morris County house, they automatically assume an unabashedly active role. Nobody has to tell them that they’re the boss in the process—since they are the customer, they correctly expect to be in total …

Morris County Real Estate Investment: More Liquid Than You’d Think

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Second home, Selling your home, Luxury, Luxury Homes, Luxury Buyers, Selling

Buying a home as a place to live certainly has important financial implications, but they are only part of an equation that has major lifestyle implications. A given house may be a really terrific deal—but if it turns out that you aren’t comfortable living there, buying it will probably wind up being a mistake. When the motivation for an investment …

The Absolute Best Time for Buying a Home in Morris County

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Second home, House prices, Listing agent, Luxury, Luxury Buyers

To end the suspense, the answer to the title question about when is the optimal time to buy a home in Morris County has been officially answered. The answer is, more or less, “now.” All right, there’s an alternate answer, “as soon as practical”—but that is a less dramatic-sounding version of the same thing. The official nature of that answer …

Long-Dormant Morris County Mortgage Rates Now “Poised”

themenardgroup Buying, Morris county, North Jersey, Downsizing, Investment property, Mortgage rates, Mountain Lakes, Second home, Selling your home, Luxury, Luxury Homes, Multi-family, Luxury Buyers, Selling

Most of us favor a high degree of predictability when it comes to things like the interest rates on mortgages. In that realm, “poised” is a bad word. When anything is poised, it means it’s about to do something different: change. For those who like predictability, change is unwelcome. But this week should provide both good and bad news when …

Mountain Lakes Real Estate and “Back From the Abyss”

themenardgroup Buying, Morris county, North Jersey, Investment property, Mountain Lakes, Selling your home, Listing agent, Luxury Homes, Selling

If you listen to the Chairman of the Index Committee at Standard & Poors-Dow Jones, the nation’s housing market has reached an important milestone—one likely to be appreciated by real estate holders—Mountain Lakes homeowners and investors included. The gentleman in the spotlight is David Blitzer, who is the head man when it comes to the S&P Case-Shiller Index, the most …

Surprise November Morris County Mortgage Rates Surprise Experts

themenardgroup Buying, Morris county, North Jersey, Downsizing, Investment property, Mortgage rates, Mountain Lakes, Selling your home, Listing agent, Luxury, Luxury Homes, Luxury Buyers, Selling

Last week, when Morris County mortgage rates began to rise abruptly, you’d have to say that it was actually a double-barreled surprise. In addition to the sudden blip up on the mortgage rate charts, there was the second shocker: that so many expert observers were taken by surprise. Even though the actual rise in mortgage rates was what Zillow’s chief …

Morris County Mortgage Interest Rates and Analysis Paralysis

themenardgroup Buying, Morris county, North Jersey, Investment property, Mortgage rates, Mountain Lakes, Selling your home, Listing agent, GSMLS, Selling

If you look up the term “normalcy bias,” you find yourself swimming in psychological theoretician talk, most of which deals with people’s response to disastrous situations. The theory behind it is that when faced with the unknown, there is a tendency among even rational human beings to misconstrue new (and even dangerous) circumstances as being more normal—hence, safe—than is really …

Tax Break Possibilities Tempt North Jersey Real Estate Investors

themenardgroup Buying, Morris county, North Jersey, Investment property, Marketing

There are two specific times each year when North Jersey real estate investors find their thoughts wandering in the general direction of impending tax bills. As we approach year’s end, this is one of them. The other, of course, will be coming up in April—but this is the time of year when steps can be taken that affect the bottom …

Your North Jersey Rental Investment Needn’t be a Time Drain

themenardgroup Buying, Morris county, North Jersey, Investment property, Marketing, Rentals, Second home, Garden State, Multi-family

When you buy a property as a Morris County rental investment, you join the world of investors who recognize the value of an investment that’s as solid as the ground we walk on—one with the additional advantage of providing a steady cash dividend. With those dual advantages, you’d wonder how other investments can offer much competition, were it not for …