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"Antoinette" Scognamiglio, GRI 201.240.8699 ~ Morris County, NJ Homes

Jefferson Twp. NJ Residential Sales Report ~ February 2009

Jefferson Township, NJ, currently offers 194 homes actively listed for sale. There are 27 homes under contract at this writing. Following is residential sales data for the month of February 2009.

Residential / Condo / Coop Listings

No:

Address

List Price

Style

RM

BR

TBT

Gar

BSMT

Sold Price

DOM

1

26 Old Woodland Trail

$249,900

Cottage

5

2

1

0

Yes

$235,000

132

2

48 RED OAK TERRACE

$269,000

Townhouse-Interior

6

2

2.1

1

No

$265,000

159

3

22 Pond Hollow Dr.

$320,000

Townhouse-Interior

7

3

2.1

1

No

$310,000

12

4

26 YUMA TRL*

$329,900

Ranch

8

3

1

1

Yes

$310,000

48

5

21 Delaware Ave.

$375,000

Ranch

7

3

2

2

Yes

$360,000

179

6

30 ALDRIN RD*

$512,900

Colonial, Custom Home, Detached

8

4

2.1

2

Yes

$488,500

215

7

34 BENEDICT DR*

$629,000

Custom Home, Lakestyle

7

3

3

0

Yes

$629,000

220

8

3 BRETT CT*

$739,900

Colonial, Custom Home, Detached

9

4

3.1

3

Yes

$710,000

74

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834. "Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong. Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.


Denville NJ Residential Sales Report ~ February 2009

Denville, NJ currently offers 108 homes being actively listed. As of this writing, there are 18 homes under contract. Following are details of home sold during the month of February.

Residential / Condo / Coop Listings

No:

Address

List Price

Style

RM

BR

TBT

Gar

BSMT

Sold Price

DOM

1

31 ESTLING LAKE RD*

$149,900

Colonial

4

2

1

0

Yes

$120,000

138

2

33 DIAMOND SPRING ROAD 1-E

$289,344

Multi Floor Unit, Townhouse-Interior

6

2

1.1

0

Yes

$264,000

106

3

51 Highland Trail

$349,900

Cape Cod

7

3

2

0

Yes

$339,950

16

4

2 Joanne Drive

$359,900

Townhouse-End Unit

6

2

1.1

1

Yes

$345,000

133

5

29 CRYSTAL DR*

$379,900

Expanded Ranch

7

2

1.1

2

Yes

$350,000

44

6

52 Lakewood Drive

$479,000

Chalet, Lakestyle

9

3

2.1

0

Yes

$460,000

77

7

130 Mackenzine Lane North

$784,625

Townhouse-End Unit

12

3

2.1

2

Yes

$756,445

17

8

16 Jade Circle

$832,995

Townhouse-End Unit

9

3

2.1

2

Yes

$792,995

125

"Antoinette" Scognamiglio (licensed as Maria), REALTOR® Associate, Prudential New Jersey Properties, 64 Diamond Spring Road, Denville, NJ 07834. "Antoinette" Scognamiglio specializes in Morris and Sussex Counties, with an extra focus on lakefront property, in particular Lake Hopatcong. Please visit my website learn more about my philosophy in conducting real estate business, and also to access the resources I offer to the public at large.

My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands. Contact me directly on my cell at 201-240-8699 or my Denville office at 973-625-1870, ext. 105.

JUST SOLD! 34 BENEDICT DRIVE, LAKE HOPATCONG, NJ

Are you looking for a lakefront home on Lake Hopatcong?

If you feel prices haven't decreased enough for you to buy, you may be right in the case of some homes currently listed.

But there are great deals out there and are certainly available!

Just closed today, this amazing new construction had three bedrooms, three full baths, amazing hardwood floors, trex deck, lakefront terrace, a brand new 50' dock and many more amazing details!

List price on June 4, 2008 started at $729,000; final sale price...$629,000. What a steal!

If you're looking for your dream lakefront home, this could be the best time to start shopping.

As a lakefront REALTOR specializing in the Lake Hopatcong real estate market, I've seen most of the homes listed and sold on this Lake since 2005 and can guide you as to what to look for, what to look OUT for and certainly how much you should offer and pay for your lakefront home. Call me today at 201.240.8699 to schedule an appointment.

Are you considering purchasing a home in Morris County? I specialize in the Morris County, New Jersey marketplace, with expertise in Lakefront property (especially Lake Hopatcong). Certified by Prudential New Jersey Properties as a relocation specialist, I take exceptional care in assisting my clients in finding their new home and community.

Please visit my website to learn more about my philosophy in conducting real estate business and to access the resources I offer to buyers and sellers. My credo is..."The title of REALTOR® should be held with great care or not held at all." Put your real estate transaction in careful hands.

My Customer Lost Money Due to Her LOWBALL!

Unless you can justify a lowball offer, it's just a lose/lose to everyone.

My customer just learned this lesson to the tune of $10,000 because she listened to her well meaning friends who consider themselves real estate experts, as opposed to me, someone who assists folks in buying and selling homes 24/7.

Beautiful home with a great addition, priced a bit high but not by much. On the market about 30 days. Her friends insist we start exceptionally low for that house. I suggested higher and explain how a lowball offer can jeopardize negotiations.

I present the offer. The homeowners are lovely but reasonably put off. Move forward a very sloooow week and we arrive at a price and go into attorney review; at one point we were at a stalemate over $5,000.

ANOTHER OFFER COMES IN $10,000 HIGHER, JUST AS WE WRAP UP AND GO INTO ATTORNEY REVIEW. No lowball, no nonsense. The other party wanted this house and provided excellent terms as well. Now my client has a decision to make. Come up or walk away.

She has decided to come up. BUT...HAD SHE COME IN AT A REASONABLE NUMBER TO START, SHE COULD HAVE WRAPPED HER DEAL UP MUCH LOWER.

What have your experiences been with lowball offers, either writing them or making them as a buyer? The tactic would work well undoubtedly when pursuing an investment property, as even the market for investors may be slightly smaller than your single family home buyer. If you're not living there, it's easy to walk away.

So when will a lowball offer work?

  • When it's obvious the home is overpriced. Your real estate agent should provide comps on recent sales going back six months. The real estate agent you're working with SHOULD BE familiar enough with the area and the inventory to make that determination also.
  • When the home has been on the market at least 60 days. Don't bother lowballing a home that's just been listed. The possibilities are strong in everyone's mind (and rightfully so) that someone else will offer more money. Don't just go by the days on the market listed; a real estate agent should search the MLS by ADDRESS to see if the home has been listed before or not.
  • When you're offering CASH. No mortgage contingencies can be a very strong motivator these days. Let the home sit a bit if days on the market haven't accumulated sufficiently, but a cash offer is hard to turn down these days.

The feedback would be interesting; please share how your "lowballs" have panned out.

Did You Lie to Get that Listing?

Certainly competition for listings is more fierce now than ever before.

I can appreciate coming up against viable competiton and can compete well myself. My marketing plan is detailed, flawless in execution and I have a list of references that will vouch for my level of competence and effectiveness.

How about when you lose a listing to a liar?

I met with a homeowner a week or so ago to discuss the maketing of their home that was previously mismanaged. We spent at least two hours going over the home and the marketing plan and ideas I had for the utmost and best marketing of the house.

When I called the homeowner to determine her decision she told me she was listing with another real estate agent. The reason why: more experience. But when the listing came up on the MLS, it was obvious the agent was green by the sequence of ID number; I found out he was licensed in 2007. Go figure, I've been working full time since 2004.

Unfortunately, the consumer doesn't know how to verify certain details. What do we do about the real estate agents who lie to get their listings? My guess is 'do nothing.'

There's a decidely adverse effect involved when it's considered inappropriate to reveal the deceit that occurs in the business of real estate. And the challenges don't stop there either. I have also heard of agents who extend their listings without obtaining the homeowner's permission, place listings back on the market after expiring, again, without the homeowner's permission and signatures, among other violations.

Comments? Would love to hear them!