.
The new code of ethics has taken the relationship away from the Appraiser and the mortgage representative. This practice is no longer acceptable and the appraiser may rely more on the realtor from this point forward.
Make sure the home your going to buy is going to appraise.
Buyer's make sure your agent is completing a buyer's market analysis when you're making an offer. Ask your agent to research closed comparable sales in the immediate area to support your offer.
Bank owned properties, Short sales and Appraisals
If you're a buyer who has time and are considering making an offer on a bank owned or short sale property. Don't think the bank is going to take much less than the exact house that sold around the corner for $250,000 last month.
Short Sales and Bank Owned Properties are on everyone's hit list, but you should know that those words alone create a sense of "We can steel it savings", this is understandable. However the bank is still going to hire an appraiser and offer to sell it at fair market value based on closed sales data.
Market Prediction...
According to Steve Harney National Speaker and Industry Leader The market is still cycling. There will be a second wave of foreclosures, interests' rates will rise, inventory will again decrease and prices will remain for an undetermined period of time. 2010-2011 is the current prediction.
Quick Tips
Take advantage of prices now. History shows they will rise again.
Research the last real estate rise in the neighborhood you are considering.
Be creative when negotiating.
Be smart in your decisions. Family needs, Financing, Neighborhood, Schools, Taxes, and Community Services.
Consult a real estate professional who will provide the information you need to make an informed investment decision.
Dawn Marie White
Broker-Manager
Crossroads Realty Inc
732-581-9414 Cell 732-657-1300 Office
dawnmariewhite@gmail.com www.njwaterfront.com
The Commercial Real Estate Outlook (CREO) from the NAR Research Division provides current statistics, forecasts and insights on market factors that influence office, industrial, retail, and multi-family real estate.
For the 3rd Quarter 2009 report, please visit:
http://www.realtor.org/research/research/commercialhome
Distressed properties reflect struggling market fundamentals
Commercial real estate closed the first half of the year with weakened fundamentals and a slow pace of transactions amid difficult economic conditions. Demand for commercial properties dropped precipitously, bringing down prices and rents. In addition, maturing commercial debt was met with little available credit, leading to a jump in delinquencies and distressed properties. As space flooded the market, vacancy rates have been rising across the board. And while the economic decline is showing signs of a slowdown, commercial real estate continues to face strong headwinds.
NAR FORECAST: Commercial real estate will continue to face negative absorption, increasing vacancies for all property types and declining rents. Commercial debt continues to pose a major threat. Extension of TALF funds for commercial lending should provide liquidity, particularly in the CMBS market. Investments may rise due to distressed properties and lower prices.
Additional analysis of fundamentals along with current investment trends will be posted in the following weeks. The reports will be available to all members at:
http://www.realtor.org/research/economists_outlook/commentaries
Dawn Marie White Broker-Manager Crossroads Realty Inc 732-581-9414 Cell 732-657-1300 Office
dawnmariewhite@gmail.com www.njwaterfront.com
Awesome Artisans!
Jewelry, Art, Bath & Body, Cards,
Quilts, Home Decor, Clothing, Sculptures, Books,
Photography, & Much More!
See you there!
Located on 88 East ~ Just West of the McDonalds
Unsold inventory in New Jersey continues to hold at it's lowest level since 2006, resulting in fewer choices for home buyers. The market now holds 9 months of inventory over all in New Jersey, down from a high of 16.9 months at the beginning of the year. Given that a 6 month supply of homes is the balance point at which home prices stabilize. It looks that we are close to the end of declining home prices. There are however a few areas in Monmouth & Ocean Counties where prices have not decreased at a quick enough pace such as Spring Lake and Brielle causing an extended sluggish market. If your looking in a specific town and would like to know the absorption rate of that particular area. Please contact me at 732-581-9414 Cell... Dawn Marie White... Broker-Regional Manager- Crossroads Realty Inc
FEMA has expanded it's current flood regions. On September 25th The Federal Emergency Management Administration FEMA Will make new flood zones permanent in 12 coastal Monmouth County Municipalities. FEMA determined that these areas have more than a 1% chance annually of severe flooding.Which means homes that were not in a flood zone before may now be and flood insurance rates will be adjusted accordingly. Eight thousand five hundred and eighty five people in New Jersey north of Middletown will be directly effected. The governing bodies in these areas says "FEMA needs to look at this area for regeneration and should consider repairing the Bayshore coastal levee.".
If FEMA fixes the levee system in the Bayshore area, this would dramatically reduce the number of people susceptible to coastal flooding- in some cases more than $2,000 a year.
The Federal Emergency Management Administration says the coastal levee system built in the Bayshore in the 1970s does not meet current engineering standards - a major reason the flood zone has been expanded.
Well If the levee system - a series of walls, other structures and sand berms - won't protect the homes from a catastrophic storm, the government should bolster it instead of passing the expense onto New Jersey residents.
As always decisions like these will effect the real estate market. Home values have a good chance of decreasing because of new zoning guidelines attached to flood zones. Building, renovations etc... Added expense in this type of an economy when purchasing a home is something our industry does not need.
Homeowners should start investigating flood insurance rates, call your existing Home insurance company first then get a second quote.
New Jersey residents may want call their local congressman and assemblyman or just Drop FEMA a line about the continued economic housing impact of their ingnoring the real problem "the Levee"......
Dawn Marie White Broker-Regional Manager-Crossroads Realty Inc
732-581-9414 Cell dawnmariewhite@gmail.com www.njwaterfront.com
 |
|
|
Broker- Manager for Crossroads Realty. Excellence says it all! Dawn's Knowledge is a most valuable asset when selling or buying Real Estate. Visit www.njwaterfront.com Search New Jersey Shore Real Est
Specializing in Distinctive Properties, Vacant Land, New Construction, and Residential Resale's Dawn is a skilled professional & business woman for more then 17 years. Dawn Marie has been involved in many stages of real estate & development including residential & commercial sales. With more than 10 years of experience in the construction management industry, Dawn is versed in land acquisition, planning, zoning, infrastructure, variance applications, resolution compliance, DEP & CAFRA and Pinelands compliance.
Dawn is a skilled negotiator, broker-sales manager for Crossroads Realty, Dawn Marie uses her experience, to guide her clients though the selling and buying process with the highest levels of focus on marketing, & customer service. Dawn is a hand's on manager who excels at educating and motivating agents to reach for their highest levels of success in an ever changing industry.
A Personal Message
Crossroads Realty is an internet marketing focused company, I utilize the companies marketing strategy and compliment it with additional on-line marketing techniques.I take an approach that concentrates on providing professional real estate services to the customer, identifying their desires and then meeting their individual needs. One on one we will discuss your needs whether you want to buy a new home, or market your existing home. It's an integrated approach that permeates all parts of the sale or purchase: marketing, sales, service, finance, legal etc. From contract to closing I work to ensure that lifelong relationships are forged.Today's Real Estate environment is both challenging and exciting. As companies and sales professionals fight to outperform each other by better anticipating and satisfying the consumer's needs, Crossroads Realty and I are committed to establishing progressive marketing techniques ensuring the consumer's needs are met now and in the future
Press Release:
Local Broker-Sales Manager Earns REALTOR e-PRO® Certification
June 6, 2008 Dawn Marie White of Crossroads Realty Inc has successfully completed the REALTOR e-PRO course to become one of a select few real estate professionals to earn the prestigious certification offered through the National Association of REALTORS.®
The REALTOR e-PROÒ certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase or sale of a home.
With more than 70% of consumers beginning their real estate research on the Internet, e-PRO certified agents have the experience and expertise to meet the demands of today's buyer and seller.
"The real estate industry has undergone a fundamental change over the past several years," said Dawn Marie White of Crossroads Realty Inc. "A majority of consumers are taking the time to conduct their own research prior to contacting an agent. In turn, real estate professionals must be knowledgeable of how technology can assist them in serving the needs of the buying and selling public."
The exclusive REALTOR e-PROÒ certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. Because of its innovative design, students are able to complete the course at their own pace, when and where they want, via any Internet connection. The course is designed to help REALTORSÒ stay at the leading edge of technology and identify, evaluate and implement new Internet business models.
Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provide high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.
Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade®. The course instructs participants in the professional use of e-mail, the development of an interactive Web site, and the use of online research tools. Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.
VISIT MY WEB-SITE AT WWW.NJWATERFRONT.COM To view all availble homes in Ocean & Monmouth Counties
Evaluate Your Home Now! What Is Your Home Worth?
Single Family Home Search ~ Ocean County Waterfront Homes ~ Monmouth County Waterfront Homes ~ Commercial Properties ~ Helpful Videos~ Listing Video tour
Crossroads Realty is one of the top independently owned and operated real estate firms in New Jersey.
Established more than 40 years ago, Crossroads Realty is a family owned company with 15 offices, selling more homes than any other Realtor in our marketplace. Over the years Crossroads has developed the following divisions to help our customers make informed real estate decisions: a Distinctive Properties Division, an in house mortgage company-Home Capital Network, a Commercial Properties Division and Comprehensive Relocation Services, which along with our state of the art website, allows customers to compare all available listings throughout our markets. Crossroads is also uniquely positioned to service those customers who are thinking of retiring to this area, our Active Adult Community Division sells more adult community homes than all other companies in our marketplace combined.
At Crossroads, we have been proud over the years to put our knowledge and expertise to work for the benefit of all of our customers, whether they were first time home buyers, long time residents looking to expand their homes as their families grew, luxury home buyers who were finally ready for their dream house or people looking to redefine their lifestyles by joining one of Ocean County's Active Adult Communities.
Crossroads Realty has based our business on integrity, dedication and experience and we look forward to carrying on our traditions in the future.
www.crossroadsrealtynj.com
......Thank you for looking out for our best interests. Your the best. Mrs. C
......You have been a great confidant throughout this whole sale. Your willingness to work through all of the difficulties and make our transition easier will never be forgotten. Good luck we know we will see you again next summer and we have a few referrals coming. Mr. & Mrs. P
.......Dawn, my moms property would have been much more difficult to sell if it was not for you and all of the knowledge you have. Thanks, Ken G
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
