Edison, NJ Real Estate News

By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Buying Edison nj Homes for Sale If you're looking at one of the many Edison nj homes for sale (and especially when reading about buying a home), you've probably already read articles that ask, "How much house can you afford?" and "Can you really afford the mortgage for a new home?" From beginning to end, to get a good estimate, you'll need to figure monthly payments, loan qualification guidelines, closing costs and much more. Frankly, all those calculations can set your head to reeling. To cut down on some of the frustration, save a few trees from the paper you'd use up and help give you a better guestimate, I've decided to go looking for the best real estate calculators I could find on the Net. Here are my top 3 picks I've come across: #3. Real Estate Calculator Suite - This product is...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
There are a few misconceptions about buying Edison for sale by owner real estate (FSBO) in New Jersey Seller Isn't Serious Some buyers think that the seller isn't serious about selling the house, that they're just testing the market.  While this is true in some cases, most sellers will accept an offer that is close to the asking price at any time. Sometimes Edison for sale by owner real estate will sit on the market for a while.  This may be because the owner is not open to negotiations on the sale price.  More often, it's because the owner doesn't have the experience showing homes to potential buyers that a real estate agent does.  A typical owner isn't likely to have the time to properly market the house.  If there aren't enough buyers looking at the house, it's going to be harder to ...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Don't forget to inspect Edison NJ Homes for Sale! Just because you've found some interesting Edison nj homes for sale doesn't mean your house hunt is over. There's much more to do before signing those closing papers, and one of the biggest is having the Edison home inspected. In fact, getting a home inspection will probably be drilled into you by your Edison real estate agent. Yes, it's that important. What can you find out from your Edison nj home inspection report? Some people may have a difficult time deciphering the reports to find out what's serious and what isn't. To make it worse, inspections vary from state to state. Fortunately, the National Association of Certified Home Inspectors, who has a list of inspectors all around the United States and Canada, has a specific set of guid...
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By Elena Korolevich
(Justify)
Bright open floorplan. Vaulted Ceiling. Loft. Finished basement. Plenty of upgrades - maple kitchen cabinets, ceramic tile in kitchen and basement, skylights, recessed lighting, ceiling fans, cat5e ethernet wired throughout, home theater included, quiet wide open park-like setting, great neighbors. Call now to make an appoinment! Available on weekdays as well as weekends. To directly access this property, use this shortcut: http://www.fizber.com/new-jersey-buy-condo-townhome-co-op-home-11648427.html
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
This evening only!! - Comprehensive Home Buying Workshop II - This evening only!! no cost/no obligation Thursday 17th of September @ 7:00 PM As mentioned during the last event, local down payment programs, grants, concessions, incentives and lending opportunities are there for those who are aware of them. If you have missed the last workshop, this is your chance to go over this insightful and timely information provided by local and involved professionals. Seating is limited, please register for this free event Register Now or Learn More... Last workshop Testimonial: "...I am so glad that I found your website when I did. I think that your program the other evening was quite superb. It was very generous for you all to let the public know about these programs..." - Tikola K. "...Professio...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
North Edison Real Estate and Homes for Sale in Edison New Jersey North Edison real estate is located within the northern part of the city of Edison and the Edison Township. It is bordered on the south by Metuchen, on the north by Scotch Plain, on the west by South Plainfield and on the east by Woodbridge. North Edison NJ zip code is 08820. Other zip codes for Edison are 08837 and 08817. 08820 real estate includes North Edison homes for sale but also North Edison townhouses for sale and North Edison condos for sale.The following statistics are for North Edison Real Estate only, for Edison homes sold; Edison condos and townhouses sold combined for 2008. Data is from the Middlesex County Multiple Listing System.  North Edison Properties Properties median price  Properties sold Minimum prop...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Middlesex County Real Estate Market Commentary for JULY 2009 New Jersey - Part II and Final Both median and average sold prices are staying at the same levels versus last month with 12%-14% decrease from last year prices. SP/AP ratio is staying at 95%. In average, sellers are accepting offers at 95% of their last asking price. Please note that I mentioned "last asking price" and not "original asking price". Another important real estate statistic is Days on Market or DOM which has decreased down to 76 days. Meaning that it takes less than 3 months in average to go under contract. A word of caution with this indicator as it is not a cumulative DOM. This is a good example of the better value of looking at those statistics, which is more in the trend analysis than in a specific number at a...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
North Edison Homes for Sale- What is home staging and how will it help you sell your North Edison home?  Staging North Edison homes for sale is, quite literally, setting the stage for buyers.  You want the home to look good, you want it to have the right atmosphere to attract buyers, and you want the first impression to blow them away.Staging a home can mean sprucing up the paint job, eliminating clutter, moving furniture around - practically anything that makes your North Edison home look better to the buyer is staging.  Whether you decide to do it yourself or hire a home staging professional, it can, and will, help you sell your home.  Here are a few pointers on how to stage your North Edison real estate and how each suggestion can help sell your home faster or for more money: Style -...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Many potential buyers have felt priced out of the market or that banks are no longer giving mortgage unless they have a 20% down payment. This is just not true. Over the past months there have been many changes in the real estate market, nationally and in our local market. Some information has been supplied by the media but the vast majority of home buyers still have questions regarding different local down payment programs, mortgage products, tax credit, current government incentives and best home buying practices...  This home buying workshop features 7 professionals who will provide you with the information you need and answer any questions you may have. We hope that you will walk away armed with the necessary information and confidence to begin the search for your new dream home Whe...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Buying a home can be a life-changing experience. Whether it's your first piece of North Edison Real Estate or your third, take some time to assess all the ups and downs that are part of such an expensive purchase. Here are a few tips to help prevent negative emotions such as buyer's remorse from getting you down: 1.  Before Looking for Your North Edison Real Estate, Do Your Research One of the best ways to prevent home buyer's remorse is to conduct thorough research in the beginning. Know how much house you can afford. Consult an Edison real estate professional and visit different neighborhoods. Check out school districts. Bottom line -  go over as many details as possible before putting down your hard-earned cash. 2.  Be Honest With Yourself Although you may love that charming North Ed...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Most people are familiar with the new stimulus plan that helps many get tax rebates for buying a home. The incentive is centered on first-time home buyers and a lot of people automatically assume they aren't eligible because they have owned a home in the past. This incentive shouldn't be dismissed so quickly. It is worth as much as $8,000 during the calendar year of 2009 and is a great reason to consider entering or re-entering the Edison home buying market. Yes, that's right "re-entering" the market. Three Year Rule If you have not owned a home in the past three years, for tax purposes you are considered a first-time home buyer and are still eligible for the $8000 tax credit. This, however, includes you and your spouse if you are married so neither of you can have purchased a home in t...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
It can happen to even the best Edison home. It has great curb appeal and the interior shows well. So, why isn't it selling?  Even if your home is the best home in the neighborhood, it can still end up languishing on the market as others around it sell. So, what can you do to get your home sold? Check Your Price Being over priced, even by a relatively small amount, is the most common reason homes don't sell.  The wrong price can prevent potential buyers from even looking at your home.  Keep your emotions out of the calculations.  Of course, you love your home and think it's very valuable.  But, you need to look at it as an impartial outsider.  Examine the facts and figures presented by your real estate agent, and take his or her expert advice.  Price isn't the only factor to consider. Pi...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
You've finally decided you want to buy a piece of Edison real estate, in Middlesex County, New Jersey.  What do you do now?  Here are a few tips for getting the best deal for your money: Check Out Your Credit The first thing you'll want to do is order a copy of your credit report from the three major credit bureaus:  Experian, TransUnion, and Equifax.  Look for inaccuracies in: Name Address Creditors Late payments Delinquencies After you've reviewed your credit report and know your credit score, you're ready to make improvements to your report, if your credit score is too low.  Send a written "Notice of Correction" to the credit bureaus.  It can be up to 200 words.  If needed, you can explain why you fell behind on a particular debt, and every time a lender accesses the report, they'll ...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
The housing plan included in President Obama's stimulus package has many good qualities that will help those seeking Edison real estate. There are two main points to the housing plan: 1. To help people once again obtain reasonable mortgages to afford the home of their dreams. 2. To keep people in the homes they already have. If it works the way it is planned, it is reason for a collective sigh of relief for millions of homeowners feeling threatened by foreclosures. That's really it in a nutshell. There are many incentives wrapped up in each of those two areas to help both homeowners and prospective home buyers, but the very impetus behind the stimulus housing package is simple. For Current Homeowners If you have a current mortgage that you can't handle, now is the time to talk to your ...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
The new stimulus plan has given many people new hope for their housing futures. At first, many worried that the stimulus package would merely help the banks and other financial institutions and not the actual homeowner looking to buy an Edison home. But, it has become clear that the people who really win with the new plan are those who count-prospective home buyers. Stimulus for Banks and Buyers The stimulus package provides huge tax rebates in 2009, and while that is a limited provision, the savings are enormous for those who get out there and buy an Edison home in Middlesex County, New Jersey. The fact that the stimulus plan includes relief for the struggling financial industry also helps buyers by making it more likely they will be able to obtain loans. Stimulus for Higher Priced Pr...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
The following home prices and real estate statistics are for single family homes only for most cities in Middlesex County, New Jersey. Those home prices do not include condos, townhouses, multi-family homes, co-ops or other types of properties. Clink on the following links for condo and townhouse prices by city or condo and townhouse prices by Zip code in Middlesex County, NJ. Prices and statistics are year to date (YTD) and have been calculated on 05/20/2009. This page is updated monthly so we suggest you to bookmark it now.   Middlesex County cities Home prices Number of homes sold Minimum home price Max. home price Days on market Sale price Vs List price Avenel $277,409 22 $160,000 $500,000 87 94.4% Carteret $254,736 28 $150,000 $324,000 124 92.8% Colonia $339,007 37 $220,000 $655,00...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
The following home prices and real estate statistics are for single family homes only. They do not include condos, townhouses, multi-family homes, co-ops or other types of properties. Clink on the following links for condo and townhouse prices by city or condo and townhouse prices by Zip code within Middlesex County, NJ. Those statistics are year to date (YTD) and have been calculated on 05/20/2009.  Middlesex County Zip codes Home prices Number of homes sold Minimum home price Max. home price Days on market Sale price Vs List price 07001 $274,738 21 $160,000 $500,000 89 94.4% 07008 $254,736 28 $150,000 $324,000 124 92.8% 07064 $269,600 5 $200,000 $323,000 155 93.7% 07067 $339,007 37 $220,000 $655,000 71 94.2% 07077 $258,083 3 $215,000 $303,000 75 90.3% 07080 $297,575 40 $140,000 $425,0...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
Selling your property, whether it is a primary home or income property in Edison or Middlesex County, is easier if you have the information your buyers are likely to want to know on hand. Type up an info sheet answering the most commonly asked questions buyers have when looking at real estate for sale such as:  · How old is the roof? · What comes with the property?  Window treatments? Do all of the appliances come with the property? · How old are the appliances? · Does the basement leak? · Where are the hot water heater, the electrical service panel, and other important maintenance items located? Are they easy to access? · Are you open to owner financing? · What is the age and condition of the plumbing and wiring? · Are there schools nearby? · What is the average utility cost per month/...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
-Middlesex County Statistics and Commentary (Residential one family only; does not include Townhouses/Condos/Multi-family)*-   Middlesex County Trends April 2009* Previous Month** April 2008 Active Inventory 2874 2747 (+4.62%) N/A New Homes Listed 785 765 (+2.61%) 913 (-14.01%) Sold Homes 213 200 (+6.5%) 308 (-30.84%) Median Sold Price $310,000 $299,950 (+3.35%) $372,500 (-16.78%) Average Sold Price $321,665 $316,381 (+1.67%) $412,765 (-22.07%) Sold Price/Asking Price Ratio 94.00% 94.00% 95% (-1.05%) Days on Market 89 97 (-8.24%) 77 (+15.58%) Days of Inventory 405 426 (-4.92%) N/A *Calculated on 05/07/09 **Calculated on 04/07/09 PART #2: Both median and average sold prices are higher than the previous month (+3.35% @ $310,000 and +1.67% @ $321,665 respectively).Median home price is back...
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By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
If you're thinking of listing your Edison  home for sale in New Jersey and know it needs a little sprucing up, here are a few tips on the smartest home improvements you can make to help sell your home faster and for more money. • Kitchen remodeling stands at the top of any list of most attractive projects for re-sale value. Crisp clean new cabinets, fresh tile and countertops all make for buyer approval and is money well spent. • Bathroom remodeling is a good bet but not nearly as good as adding additional bathrooms, unless your home already has a lot of them. • Adding central heat and air to replace floorboard or radiator heat is a huge selling point for any Edison home for sale. • Installing a deck or patio. This one hovers close to the middle of the do/don't numbers but it is still a...
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