Buying a NJ Home in the New Real Estate Market - Part One

Buying a home has always been a tremendous personal and financial endeavor. Now more than ever, one must understand the "rules" and dynamics of a new market place! To follow is my insider perspective of how to buy a home in our current real estate market.

Part One

Today it is critical that you physically see what is out there on the market. Looking at listings on the Web is fine but not a good way to establish a foundation or baseline education.

With that being said, hire a hard-working, full-time broker to show you as many properties as you can stomach. Yes, this takes time away from other things you would prefer doing, not to mention patience. Look at properties above your range, track their activity on the Web and ask your broker for current market statistics: what is selling or why a property is "sitting." Remember, all your friends and loved ones will discourage you from buying today. Yes, many are paralyzed by the unknown or fear. Either way, do your homework and stay in front of the market. When you see value or a great opportunity, you will know it is time to make a move, all fear aside.