Charles Blumenkehl

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.

Las Vegas - Blue Realty GMAC Real Estate Services, largest independently owned broker in the New Jersey GMAC Network, received awards as one of the top five companies nationally in Sales Volume Growth and Percentage Increase Year Over Year. The company's success was recognized at the GMAC Experience 2008 National Convention this February in Las Vegas.

According to Charles Blumenkehl, President of Blue GMAC Real Estate, "We are rightfully proud of our achievement in attaining meaningful growth while the rest of our markets were down 38%. To be amongst the top 5 Brokers in the country in growth is a tremendous validation of our outstanding people, our training and support systems and the overall effectiveness of our business plan".

Blumenkehl continued, "Overall, I have always said a company is only as good as the people within it, and to achieve what we are doing in spite of the current environment tells you we have a lot of pretty great people and talent in our company".

According to Johnny Elliot, Senior Vice President in charge of Operations for GMAC, "What Blue Realty GMAC has achieved is pretty spectacular. Most brokers are trying to find a way to survive this cycle, and Blue Realty GMAC has found the way to succeed. My hat's off to them."

Also celebrating their 25^th year in business, Blue Realty GMAC Real Estate Services has eight offices in northern, central and western New Jersey. The company also offers title, mortgage and insurance services. For more information about Blue Realty GMAC or for your local office, call (800) 936-SOLD(7653) or log onto the company website at www.bluerealty.com.

Las Vegas - Blue Realty GMAC Real Estate Services, largest independently owned broker in the New Jersey GMAC Network, received awards as one of the top five companies nationally in Sales Volume Growth and Percentage Increase Year Over Year. The company's success was recognized at the GMAC Experience 2008 National Convention this February in Las Vegas.

According to Charles Blumenkehl, President of Blue GMAC Real Estate, "We are rightfully proud of our achievement in attaining meaningful growth while the rest of our markets were down 38%. To be amongst the top 5 Brokers in the country in growth is a tremendous validation of our outstanding people, our training and support systems and the overall effectiveness of our business plan".

Blumenkehl continued, "Overall, I have always said a company is only as good as the people within it, and to achieve what we are doing in spite of the current environment tells you we have a lot of pretty great people and talent in our company".

According to Johnny Elliot, Senior Vice President in charge of Operations for GMAC, "What Blue Realty GMAC has achieved is pretty spectacular. Most brokers are trying to find a way to survive this cycle, and Blue Realty GMAC has found the way to succeed. My hat's off to them."

Also celebrating their 25^th year in business, Blue Realty GMAC Real Estate Services has eight offices in northern, central and western New Jersey. The company also offers title, mortgage and insurance services. For more information about Blue Realty GMAC or for your local office, call (800) 936-SOLD(7653) or log onto the company website at www.bluerealty.com.