Mullica Hill, NJ Real Estate News

By Brian Ziegenfuss
(Remax Connection)
Over the past few years national foreclosure statistics have been on the rise.  Whether reading the newspaper, watching the news, or surfing the internet, the number of foreclosures and short sales continue to make headlines.  These trends are evident in the Gloucester county real estate market.   Although foreclosure numbers are growing at a slower pace in 2008, foreclosures are still having a strong impact on our Gloucester county real estate market.   Realtytrac.com is reporting that one in every 615 New Jersey households have been involved in foreclosure filings, which is up 11.8% from February 2007.  As a prospective buyer or seller of Gloucester County real estate it's very important that you understand basic foreclosure terminology.  Here's a quick list of terminology.  Please fe...
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By Brian Ziegenfuss
(Remax Connection)
Spring is just 17 days away!!!  I am hopeful that this will mean that the Gloucester County real estate market will pick up a bit and gain some momentum for the remainder of 2008.  Historically, this is the time of year where we see more buyers out looking at properties than any other season.  I therefore always urge prospective Gloucester County sellers to take advantage of the winter season and prepare their property so that it is in tip top shape for the surge.  Due to the high inventory levels available to Gloucester County buyers, the condition of your property is more important than ever.  It needs to be clean and clutter free to stay on the top of any buyer's list and stand out from all the homes currently available on the market.  Few things deter buyers more than a dirty and cl...
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By Juli Morella
(Weichert Realtors)
Finally!!!! Just within the past 7 days, I've had to go back to Buyers and tell them 2 of the homes they wanted to see are not available - they have a MEETING OF THE MINDS!!!!!!!Yes Indeed!!!!!!Then, I had a Buyer I had to go back to and tell her we suddenly were not the only Buyer for what she wanted and they were going to go for Highest and Best Offers to have the seller make a decision!!!The Market IS ALIVE and WELL?!?!!? Course that all depends on which side of the fence you are sitting on!!! In reality, it's good for everyone to finally see!!!Despite all the Gloom and Doom of the News Media, people are Selling and Buyers are Buying... Buyers will now have to get a little more aggressive if they want a Property and not "assume" it will still be there tomorrow... it may not be!The se...
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By Juli Morella
(Weichert Realtors)
Exactly what you've been looking for! Architecturally Gorgeous, Brick Front Home sits high on a Cul-d-Sac St. within Harrison Estates. Enjoy your Morning Room AND Sunroom while looking outside at your natural stream with the little wooden Bridge over it! Upgraded Gourmet Maple Cabinet Kitchen is a chef's delight. Enjoy your back staircase as you come downstairs for your midnight snack! The Master Suite has a special Tray Ceiling as well as a Walkin Closet bigger than many bedrooms! The Lower Level is spotlessly clean, partially finished with a full bath and Walk out doorThis 4 Bedroom, 3.5 Bath Home has BOTH a Sunroom & a Morning Room                                            http://www.visualtour.com/show.asp?T=1387289  
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By Juli Morella
(Weichert Realtors)
Yes indeed!!!!!We're getting BUSY!!!!! Super Bowl Sunday was the key again this year (as always!). Can't get men out of the house to look all January!!!2 Buyer's bought this week in the early $200,000 range..... I'll take 2 of those every week!!!!! We still need to encourage Buyers that it is ok to Buy and the market is a great opportunity to get the house they want, at the right price and FANTASTIC MORTGAGE $$$$$$$$$$$$$ are available!!!!! Buy now before the rates go up!!!!Let's all keep up the postive attitude and help each other BePositive about Real Estate in 2008!!!!Have a great year!!!!!
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By Brian Ziegenfuss
(Remax Connection)
There has been a great deal of Real Estate talk here in Gloucester County, NJ with interest rates falling to a 2 year low.  Currently the 30 year fixed rates are averaging between 5.4% and 5.7%.  With a high level of inventory currently available there are some great opportunities out there for Gloucester County first time home buyers and individuals wishing to buy second homes or investment properties.  Below is a quick recap of January’s activity.  If you would like to discuss how your property may fit into the current Gloucester County market, give me a call, I’d love to discuss it with you and provide a full market report and complimentary market analysis of your property.   Gloucester County Property Type Units     Listed Pending   Listings Sold        Listings Average Days on Mar...
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I wanted to do a quick write up on short sales, as it seems they are everywhere these days in the real estate headlines.  Short sales are on the rise due to the high number of foreclosures that we are seeing here in Gloucester County, as well as around the country.  A short sale occurs in real estate when the outstanding debt against the property is higher than what the property can be sold for within current Gloucester County market conditions.  Home owners can negotiate with their lenders to settle on a lower amount for payoff in an attempt to avoid foreclosure.  There are some important things that sellers should be aware of prior to attempting to negotiate a short sale with their lender. 1) The market value of your property - This can be provided by a local Gloucester County real es...
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By Brian Ziegenfuss
(Remax Connection)
It is likely that everyone is busily running around finishing up their last minute holiday items in preparation of the great gatherings with family and friends.  I know that I am.  I did however want to take a quick moment to say Happy Holidays!!  My Warmest Wishest to you and yours! 
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By Juli Morella
(Weichert Realtors)
We had a great Mortgage meeting yesterday mostly on the Mortgage Industry.As our Mortgage people were explaining, we need to provide ways for our Buyers and Sellers to come together to help both sides achieve a great win-win deal. If we help our Seller's provide Concessions for the Buyer's to use towards buying down points to help their mortgage payment, we can get a larger base of Buyers for a particular Listing Price.Likewise, if we help Buyers understand the value of discussing their true goals with a good mortgage Banker, perhaps they can see the merits to some of these great Programs our Lenders have for today's Buyers! We are certainly not like the Automotive Industry; however, once we get past the sticker shock of a new car, we always are really concerned with the monthly payment...
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By Juli Morella
(Weichert Realtors)
Hi Everyone,In case you missed it, Kurt wrote a great story on the mortgage industry and why it is struggling to maintain itself and still provide rates that Buyers are willing to absorb. I provided the link below!http://activerain.com/blogsview/165688/American-Home-Mortgage-The Hope this helps - it sure helped me get a better understanding as a Realtor
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By Juli Morella
(Weichert Realtors)
Wow...... Just Listed an Entertainer's Delight!!! Or a Secluded Retreat!! The choice is yours!!!This 4 Bedroom, 3.5 Bath, First Floor Master Suite Estate is located in Historic Mullica Hill, Harrison Township, Gloucester County, New Jersey. It is on 3.7 Secluded Acres that backs up to a Creek and Forest that will stay that way forever. It is naturally tree lined and shrubs all along the side yards so no fencing is needed for privacy. As you drive down this famous area of Harrisonville Rd, smile as you gently turn into your lighted and pillared driveway and coast past the trees and flowers and shrubs as you approach your circular driveway in front of your Estate Home with the Water Fountain in the center of the Circular Island - smile, you've arrived!!The home has over 5,000 sq. ft. plus...
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By Juli Morella
(Weichert Realtors)
Well, the market sure has changed!! It has been a good run for the Sellers but certainly, not now. Unfortunately, Buyers are really trying to capitalize on that. Before sending off a too low offer to a Seller, take the time to educate your Buyer what is a realistic offer for a seller. Use Comps, CMA's and most importantly time on market, number of solds in the area, number of actives, etc.If your Buyer insists on putting in a low offer (that's fine, actually!) just help them understand that they should also explain why it is sooo low. We put a very low offer in for a cat "smell" house (SERIOUS ISSUE) and I explained in the offer cover letter that was the primary reason. It made it easier for the Selling Agent also to present our offer... also for that agent to discuss how bad that probl...
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