Michael's Blog

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Real Estate Sales Representative - Coldwell Banker Residential Brokerage
RECENT BLOG POSTS
14 Comments
Dear Active Rain Community,It has recently come to my attention that a member of Active Rain, who happens to be a real estate agent in my area, has been copying the articles I have personally written. I feel as though this behavior is completely unethical and should be condemned by any forum. I h...
10/20/2007
Public Open House at 90 Colt Road, Summit NJ I would like to announce that I scheduled a public open house at 90 Colt Road, Summit NJ for tomorrow, Sunday Oct. 21st, 2007.The pristine 5 bedroom, 3 full and 2 half bath Colonial will be avaliable to preview between 1:00 and 4:00 tomorrow to anyone ...
10/20/2007
Summit, NJ Real Estate Price Range Summary and Statistics All Active Summit, NJ Homes as of October 20th, 2007 Here are the Summit, NJ homes actively listed and broken down by price range. I have also included the average, median, minimum, and maximum number of rooms, bedrooms, baths, garage spac...
10/20/2007
How Realtors and Sellers Face the Same Issue: Competition As a Summit, NJ Realtor I work in an extremely competitive market. Every person I meet seems to be a real estate agent or is at least contemplating getting their real estate license. Although this may be intimidating to many people in my p...
10/15/2007
Murray Hill Farm Forecast - Quarter 3 - 2007New Providence - Berkeley Heights - Murray Hill FarmOctober is here and change is in the air. Any of you who have been following the real estate market know that the leaves will not be the only thing falling in the next couple months. The media has been...
10/14/2007
The Buying Process - Step 2 Acceptance, Decline, Counter Once you have completed discussing your strategy and have written an offer to purchase it is now up to the seller(s) to decide whether or not to accept this offer. Many buyers and/ or buyer's agent use this fact as a reason to sit and wait....
10/07/2007
I would like to announce that I scheduled a public open house at 90 Colt Road, Summit NJ for tomorrow, Sunday Oct. 7th.The pristine 5 bedroom, 3 full and 2 half bath Colonial will be avaliable to preview between 1:00 and 4:00 tomorrow to anyone interested. This includes, but is not limited to any...
10/06/2007
6 Comments
A Seller's Question: For Sale By Owner or Realtor? In the past month I have noticed an increased number of "For Sale by Owner" or what Realtors call FSBOs in the Summit, NJ area. For those of you unfamiliar with this terminology FSBOs are real estate homeowners who decide to sell their home witho...
09/27/2007
Summit, NJ Real Estate  Today during one of my appointments with a buyer looking for a home in Summit, NJ I was asked, "How many homes are currently active in the Summit, NJ real estate market?" I contemplated it for a second and said my ballpark answer was a little over a hundred, yet due to the...
09/26/2007
During a recent appointment with one of my clients I was asked to explain the buying process. This client, a first time buyer unfamiliar with the process, explained that every step after the initial offer was a mystery. Consequently, I explained the process in detail offering examples where I fel...
09/13/2007
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Michael Pennisi

Summit, NJ Broker Associate
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