Downsizing Trend Collides with “the Multigenerational Thing”

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

Downsizing has gotten a lot of attention as Baby Boomers—many of whom have become empty-nesters—discover that they don’t need the space, expense, and elbow grease required to keep up the family property. But there is a counter-trend that could well explain the popularity (and desirability) of many big ol’ Morris County homes. It’s a multigenerational thing. It was to be …

How Much Does Inflation Affect Morris County Real Estate Wealth?

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

It’s been quite a while since inflation was a subject that cropped up regularly in the news—yet it’s never ceased being a major factor affecting Morris County real estate wealth. For younger Morris County homeowners who have never experienced rampant inflation, if it starts to build steam, it can get the public’s attention in a hurry. Inflation is what happens …

Morris County Real Estate and the Advent of “Surban”

themenardgroup Morris county, North Jersey, Mountain Lakes

If you’re keeping abreast of the latest Morris County real estate doings and you come across the word “surban”—that isn’t just some sloppy spelling. It’s a new real estate term we’re likely to see a lot more often. The most-cited definition for “surban” is in Urban Dictionary.com. It defines the word as “a mix of urban and suburban living.” That’s …

Morris County Real Estate Investments—2 Significant Tax Facts

themenardgroup Uncategorized, Morris county, North Jersey, Mountain Lakes, Luxury, Luxury Homes, Multi-family, tax relief

For those who may have been wondering how the final GOP Tax Bill could affect possible real estate investment plans and tax liability next year, the changes can be significant. I know, I know. As soon as you saw “tax liability,” your eyes glossed over and your finger got ready to swipe right. But before you skip the following, I …

Sell Your Morris County Home by Neutralizing the Nuances

themenardgroup Uncategorized, North Jersey, Mountain Lakes, Selling your home, Luxury, Selling

It may sound paradoxical, but one proven way to sell your Morris County home is to make it boring…or at least, a little bit more boring. The principle here stems from buyer psychology—specifically, the difference between a house that would make a great tourist attraction and one whose first impression is more apt to lead to a sale. At first …

Tips to Make the Most of Morris County Open House Visits

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers, first time homebuyer

Spring is Morris County’s prime selling season, which means that, in addition to the welcome appearance of springtime flowers, we can look forward to the seasonal crop of Morris County “Open House” signs that will be sprouting up around town. The Open House events they announce will draw a wide audience of visitors, from the inevitable looky-loos to the serious …

Morris County House Hunting Online: an Equifax Warning

themenardgroup Uncategorized, Buying, Morris county, North Jersey, Investment property, Mountain Lakes, Luxury, Luxury Homes, Luxury Buyers

When Equifax issues a warning specifically directed at online house hunting, Morris County real estate searchers (including readers right here) have ample reason to pay attention. You probably recall from last September how Equifax admitted to having been victimized by one of the most massive data breaches in internet history. Among the 143,000,000 Americans affected by the personal data collection …

Morris County Homeowners Tempted by Sellers Market Conditions

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

“Circumlocution” ­—the hefty word for “beating around the bush”­­—describes what the national real estate news feeds have been practicing for a while when it comes to the state of the marketplace. Until recently, most analysts seemed reluctant to call this spring’s U.S. lineup a “sellers market”—perhaps because the phrase might discourage would-be buyers. That began to change last month. As …

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 …