Charles Blumenkehl

In the two weeks since Blue Realty unveiled its revolutionary proprietary pricing platform, which they refer to as their Market Value Predictor, the company reports it has successfully listed and marketed over $10,000,000 in real estate using the platform, and that amount is growing quickly as more listings adjust their marketing position to conform to the market trajectory indicated by the Blue Realty Market Value Predictor.

According to Charles Blumenkehl, president of Blue Realty, "We are excited about the immediate and apparent success our Market Value Predictor has brought to our agents and clients. In an environment where many agencies are struggling to figure out where the best price is for their sellers, we can point to that price totally unemotionally, practically, and help our sellers maximize their marketing benefit while enabling their home to be one of those which will sell in this market, while other equally serious sellers and homes for sale remain on the market".

Blumenkehl continued, "Provided you have a strong online and brick and mortar marketing program, and we have the best, pricing the home becomes the most important determinant in the successful sale of our homes. By using our Market Value Predictor, our sellers know what their house is worth today, 30, 60 and 90 days from now, and where we need to be to sell in their specific market. Even now, we take the guesswork out of selling".

Blue Realty is one of the leading independently-owned real estate companies throughout New Jersey. For more information about the Market Value Predictor and how you can make your home an MVP property, contact your local Blue Realty GMAC office at 5 Newark Pompton Turnpike, Riverdale, call (800) 936-SOLD(7653) or logon to the company website at www.bluerealty.com.

It no longer requires a trip to a Realtor's office or even a phone call to get complete consumer listing information about properties as they become for sale. Real Estate buyers and lookers can now sign up free to have that information and more online.

Studies show that more consumers than ever, almost 90% of Real Estate buyers, use the internet as an important resource in finding and choosing a home. Blue Realty GMAC provides those buyers with new listing alerts, existing properties for sale and rent, mortgage calculators and qualifiers and other valuable information easily accessible on their site to assist in the home buying process.

According to Charles Blumenkehl, president of Blue Realty GMAC, "As buyers' online abilities continue to grow much of the home finding process does not require as much face-to-face interaction, at the outset, if a buyer prefers to work from the privacy of their computer and provided they have easy access to information. There's no longer a reason why a buyer has to take a day off to find out what's for sale or what they can qualify to buy."

Blue Realty GMAC's website is already well ahead of the pack. The site offers superior search capabilities, mortgage tools, area information and a variety of tools designed to streamline the home buying process.

To visit Blue Realty's website, log on to http://www.bluerealty.com.

Starting April 9, 2008 and lasting until July 1, 2009, qualifying first time home buyers will receive a tax credit of up to $7500.00. The provision was made part of the Housing & Economic Recovery Act of 2008.

According to Charles Blumenkehl, president of Blue Realty GMAC, the largest independently owned GMAC real estate firm in New Jersey, "For aspiring first time home buyers who find fulfilling their dream of owning their home difficult to attain, this newly enacted initiative is an opportunity of a lifetime, not to be ignored".

Blumenkehl continued, "But like so many opportunities, time is of the essence for buyers who want to take advantage of this outstanding opportunity". He pointed out that only homes purchased on or after April 9, 2008 and before July 1, 2009 are eligible.

The tax credit, which is refunded to the home purchaser directly from their income tax payments or withholdings, works like an interest free loan and must be re-paid over a 15 year period. The amount of the tax credit is based on the tax filing status of the buyer and the home purchase price. For more information call your local Blue Realty GMAC office at (800) 936-SOLD(7653) or contact the IRS directly.

Blue Realty GMAC has nine offices serving most of New Jersey. For more information about Blue Realty GMAC or to search houses in your area, logon to www.bluerealty.com

There is nothing more important in the successful sale of a home than the listing price. Not only is the determination of price based on past and pending sales of comparable properties, it is highly influenced by the trajectory of the market. In a challenging market that we are currently experiencing, sellers often make the mistake of overpricing their properties by looking backward instead of gauging where the market is going. An abundance of comparable inventory means overpriced listings do not get shown by REALTORS® and sellers then chase the market with a stream of price reductions thus prolonging the sales process.

To address this, Blue Realty GMAC has an exclusive tool called the Market Value Predictor that uses a variety of specific data from local markets to predict what a home should sell for today, three months from now, or six months from now. Blue Realty clients can now determine the ideal price range for their home and clearly understand the affect of pricing on a successful and timely sale.

Blue Realty GMAC has always strived to sell their clients' homes in the shortest amount of time, for the highest possible price and with the least inconvenience to them. Now, with the Market Value Predictor, some of the guess work has been taken out of the process. Now MVP homes are truly priced to sell.

For more information about the Market Value Predictor and how you can make your home an MVP property, contact your local Blue Realty GMAC office at 5 Newark Pompton Turnpike in Riverdale, toll free at (800) 936-SOLD(7653) or log onto the company website at www.bluerealty.com.

Riverdale - Blue Realty GMAC, largest independently owned real estate brokerage in the New Jersey GMAC Real Estate network, announced that Homes Sales currently under contract and awaiting closing as of June 30, 2008, was up just over 50% is Dollar Volume while the actual number of homes in contract awaiting closing is up over 64%, compared to the same period last year.

According to Charles Blumenkehl, president of Blue Realty GMAC, "Throughout my 30+ years in Real Estate, I have always believed in the notion that God stopped making dirt a long time ago, but hasn't stopped making people. In the short term, anything can happen, but in the long term, real estate only moves in one direction, up. Our increase in sales and marketing activity indicate to me a strengthening in the marketplace underlying our successful implementation of highly effective consumer-based features, strategies and services, designed to increase our local market share in the areas of our offices. We have seen the Affordability Index, the measuring stick for consumer homeownership affordability, reach its most attractive rates in many years, and the savvy consumers are taking advantage of the opportunities available while prices are leveled and interest rates are low."

Blumenkehl continued, "I would recommend to anyone who can, to buy a home now, especially first time buyers. Rates are lower now than they were when I passed my real estate exam in 1976, and prices are at their most affordable level in years. We welcome the opportunity to assist consumers in exploring the outstanding real estate and mortgaging opportunities available to them at no cost or obligation."

Blue Realty GMAC is no stranger to growth, even in the last few years. For 2007, Blue Realty GMAC was named #5 in the country in growth in sales volume and % increase over 2006 out of over 1300 offices nationally. Blue Realty GMAC was also named to the Rismedia Real Estate Companies to Watch in 2008 list in their 2008 Annual National Power Broker report. Established in 1983, the company offers a full service real estate experience to their clients, owning and operating 9 real estate offices, a mortgage company, title agency and insurance agency serving northern, central and western New Jersey, and is a member of the national GMAC Real Estate network.

For more information about Blue Realty GMAC, log onto the company website at www.bluerealty.com or call the company's local office in Riverdale, located at 5 Newark Pompton Turnpke, at (973) 835-1400.