Princeton, NJ

Market Statistics for Princeton Township, NJ 2008

Listed Properties for the year 2008 were 287.

Pending Properties for the year were 154 and Sold Properties were 162 with an average price of $1,030,606 and an average days on market of 104.

Market Statistics for Princeton Borough, NJ 2008

Princeton Borough saw 127 listed properties for the year 2008 with 74 pending and 72 Sold. The average sale price of a property in Princeton Borough was $985,499 with average days on market of 95.

Photo Property of Christine O'Shea 2009 All Rights Reserved

Market Statistics taken from TRend MLS

Interested in Princeton New Jersey Real Estate or have any questions about what is on the market in Princeton, Mercer County or Central NJ, contact me today coshea@nationsrealtors.com for all your real estate needs.

NATIONS, now entering our 10th year with over a Quarter Century in Real Estate. moving across the town or across the Nation, call NATIONS 888-810-5388

Our portfolio true jumbo mortgage rates continue to trend downward this week in Mercer County, NJ. Despite the 2009 conforming loan limit remaining at $417,000 in Mercer County, we still are able to offer affordable financing to qualified borrowers for purchases as well as refinances. Mercer County is one of the few Counties in NJ where the conforming loan limit remains at $417,000

Currently we have the following Jumbo Rates with 0 points as of business close on 12/10/08:

10/1 ARM 5.75% 5.81% APR

30/15 Balloon 5.875%** 5.92% APR**

30 Year Fixed 6.0%** 6.05% APR**

5/1 ARM 5.5% 5.55% APR

Typical minimum FICO scores of 680/700 Full Doc loans only. Subject to verification of post closing assets and full underwriting.*

With our corporate offices in nearby Horsham, PA., we are always looking to offer niche financing in our own proverbial backyard.

Currently with loan to values of up to 80% on purchase money/rate term refinances to $750,000, 75% on purchase money/rate term refinances up to $1,250,000, and up to 70% Financing to $1,500,000.

We also offer competitive pricing on FHA, VA and Conventional Loans in Mercer County, NJ, as well USDA loans in qualified RD areas.

We also have other Jumbo available in Mercer County, including our bi-weekly equity builder loan program, which allows for 90% purchase money financing and rate/term refinancing up to $650,000. Call for details on these ever-changing products.

Michael Byrne

908 531 6170 Cell

www.refi-fhasecure.com

www.mortgageprosforum.com

* Guidelines subject to change without notice and subject to final investor underwriting **Price adjustments for loans over $750k on fixed rate loans: add a .25% for fixed rates over 750k

Gateway Funding Diversified Mortgage Services, L.P. is licensed by the PA Department of Banking as a first mortgage banker and licensed pursuant to the PA Secondary Mortgage Loan Act; Arkansas Mortgage Company License; Licensed by the Department of Corporations under the California Residential Mortgage Lending Act; DC Mortgage Lender and Broker; a Georgia Residential Mortgage Licensee (#15499); Illinois Residential Mortgage Licensee; Kansas licensed Mortgage Company; Massachusetts Mortgage Lender and Broker (#MC-3052); Licensed by the New Hampshire Banking Department (#10192-MBB); Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker NYS Banking Department; a Mortgage Lender and Broker in Rhode Island; Gateway Funding is also authorized or exempt as a mortgage banker in AL, CO, CT, DE, FL, IN, IA, ME, MD MI, MN, MO, MT, NE, NV, NM, NC, OH, OK, OR, SC, TN, TX, UT, VT, VA, WV, and WI. This is not an offer to extend credit to any individual who may be entitled to a more complete disclosure per RESPA, TILA, HOEPA or any other more applicable federal, state or local law or regulation, Rates, Terms, Fees and Equity requirements are subject to change without notice. For qualified borrowers only. Equal Housing Lender. © 2008 Gateway Funding Diversified Mortgage Services, L.P.

Ct. Super Jumbo Loan Programs Delaware Jumbo Loans New Jersey Jumbo Loans NY Super Jumbo Loans

Today a co-worker / co-agent asked me if I like working with a team better than being alone. This caused me to thing a bit and I had to ask the following questions to the agent:

1. Why do you ask the question?
2. Are you thinking of joining a team?
3. Would you like to join my team?
4. What advantages do you think being on a team affords that working alone does not?
5. Same question but vice-versa!

I had to think of my own answers and here is what I came up with:

WHY ASK THE QUESTION?
It's important to understand why teams exsist. For some its the team work model, for others its the mentoring and flexibility that having peers near by brings. There is also a security element to being on a team. How does that saying go... Together Everyone Achieves More!...

Well its true, a well organized team multiplies both the input and the output (production) when all cylinders are firing, however, when all cylinders are NOT firing things can go bad. Therefore you must first understand the team struction options... Loose Partnerships or Team Leads are the two basic options.

Both have pluses and minus so read "The Millionare Real Estate Agent" and then decide for yourself.

ARE YOU THINKING OF JOINING A TEAM?
Joining an established team means you are a subordinate, learn your place, play your role and you are likely to make lots of money without all the responsibility.

Do you want to hook up with another agent? Make sure you are evenly yoked... what ever you are great at they should be good, what ever you are weak at they should balance you out. What ever your work ethic, drive and determination level is they should match it. NO EXCEPTIONS.

WHAT ADVANTAGES DO YOU THINK BEINGON A TEAM AFFORD THAT WORKING ALONE DOES NOT?
Lighter duty and greater balance and follow up! Everyone can share in the pot IF they meet quota... less if you don't.

GoodLuck....

The Princeton Governors Mansion, Drumthwacket, is open for Visitors in December.

Reservations are required and filling up quickly. You can visit the web site at www.drumthwacket.org or call 609-683-0057 for reservations.

This yhears theme is Peace on Darth. The mansion is decorated by New Jersey's finest garden clubs including Hunterdon HIlls.

Visitors can stroll thru the mansion at their own pace and it will be decorated with natural garden materials. I am especially interested in seeing this since I have decorated my home in mostly natural materials this season.

Drumthwacket was built in 1835 on the land that witnessed the Battle or Princeton and is rich in History.

Hope to see you there.

The other evening we took a drive thru Palmer Square in Princeton, NJ.

It is absolutely beautiful. You have to excuse my non photo of the tree, I did not have my camera with me.

The tree is lit with beautiful colors, all of the shoppes are tastefully decorated, There are wreaths everywhere and it is a wonderful sight to behold.

I am planning on doing a walking tour and taking photos later this week or beginning of next, but in the meantime, if you are in the area and have a free moment, drive thru. If you have even more time, park and take a walk, stop at one of the dining places or get cup of coffee.

Wonder what is going on in Palmer Square check out this link for all the holiday happenings. I guarantee if you are not in the spirit now, you will be.

Photo courtesy of microsoft.com

Copywrite Christine O'Shea all rights reserved