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 …

Beyond the “Must-Do” Tip for Morris County First-Time Homebuyers

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mortgage rates, Mountain Lakes

Last week’s “Moneywatch” article on CBSNews.com was a surefire attention grabber. It promised to reveal a single “must do” tip for first-time homebuyers. The main point covered familiar ground—but within the supporting information were some facts that could nudge some Morris County renters into becoming first-time homebuyers. Although the headlined “Don’t Buy a Home Without Doing This First” tip was …

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 …

Brightening Prospects for Buying a Home in Morris County

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, International buyers, Luxury Buyers

Because buying a home has long been a hallmark of success in America, whenever that possibility seems to weaken for the average Joe (or Josette), it comes as sobering news. Back in June, CNN Money ran a downbeat story focused on how the rising cost of housing had been “putting a major squeeze” on some Americans. For Morris County readers …

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 …

4 Tips for a More Economical Morris County Winter

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, Garden State, home improvement

Officially, it may not be winter in Morris County yet, but the end of November is more than a signal to turn to the last page in 2017’s calendar. It’s definitely time for Morris County residents to secure their domiciles against the mercury drops Mother Nature will be providing sooner or later. Even in places where a November heat wave …

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 …