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 …

Morris County Real Estate: Scoping a Clearer Picture for 2018

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

It’s irresistible: peering into the new year, trying to guess what the Morris County real estate landscape will look like in the coming 365 days. At the close of an outstanding 2017, although it’s always a little foolish to assume too much about details in a world that changes as rapidly as ours does, I think there are some more-probable-than-not …

5+5 Heads-Ups Prevent Morris County Winter Emergencies

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, Luxury, Luxury Homes, Multi-family, home improvement

Over the weekend, at the same time California’s Santa Ana winds were dealing chaos in the west, the premature arrival of winter weather was pounding the other side of the country compliments of Winter Storm Benji. The unprecedented December snowfall started in New Orleans and worked its way all the way up the East Coast to Maine—all of which made …

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 …

Attention Morris County Investors: Rental Housing on the Rise

themenardgroup Uncategorized, Morris county, North Jersey, Investment property, Mountain Lakes, Rentals, Luxury, Luxury Homes, Multi-family

Whether you are investigating Morris County rental housing activity because you’re looking for an investment or just a place to rent yourself, it’s important to become informed about the state of play in rental housing as a whole. It’s a picture that has been changing rapidly—one that’s unlikely to slow anytime soon. Much is being written about the growing popularity …

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 …

Timing Your Morris County Home’s Sale

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

Hardly anyone decides to put their own Morris County house up for sale without wondering whether there wouldn’t be a better time to do so. There are a couple of different ways to look at the timing of your Morris County home’s sale—but only one of them is controversial. Controversial: timing by the calendar. A good number of real estate …

Morris County Refi Warriors Take the Initiative

Noelle Paclawskyj Uncategorized, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Renovations, Luxury, Luxury Homes, home improvement, mortgage refinance

Back when Morris County mortgage interest rates plummeted by 46% in less than four years, it precipitated a sort of refi tsunami. The volume of Morris County refinancings was nothing short of enormous. For the first time in a long time, the benefit for homeowners who could lower their Morris County mortgage interest payments had become all but irresistible to …

Morris County Mortgage Rates Echo Another 2017 Low

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes, Second home, Luxury, Luxury Homes, Luxury Buyers

A couple of weeks back, the ultimate authority on Morris County mortgage rates hadn’t minced words. That was Freddie Mac, whose opinion about mortgage rates constitutes the final say in the matter. Freddie isn’t modest about its preeminence (Freddie’s trademarked corporate slogan is “We make home possible”). Together with sibling Fannie Mae, the quasi-governmental entities stand behind 60% of U.S. …