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Team Carroll Cranford NJ,Westfield NJ Scotch Plains NJ Real Estate, CDPE

Cranford NJ Homes For Sale

For a complete list of all homes for sale in Cranford NJ in all price ranges that will be emailed directly to you WITHOUT having to speak to an agent...log onto:

www.NJAreaRealEstate.com

No calls...no hassles...just the information you are seeking emailed directly to you. When you're ready to buy, call us, when you're just looking, we know you don't want to be bothered.

Happy House Hunting!

Sean Carroll - Realtor, Associate

RE/MAX Classic Group

908-898-0800 - office

Behind on Your Payments? Don't Give Up!!!

Foreclosure is an awful thing to go through. We are here to do everything we can to help you avoid that. This economy and real estate market has affected millions of Americans, and you are NOT alone.

We are ready to take the time with you to explain your options, even if that means KEEPING your house. Our goal is to help you avoid foreclosure, NOT to sell your house unless absolutely neccessary. If you decide that selling is your best option, we have the training and expertise to guide you through the process and get the property closed via a short sale. While we cannot guarantee any result, we CAN guarantee that we will listen, and do everything in our power to help you.

Check out our Help Site for more information, without having to speak to an agent until you are ready.

Sean Carroll - Realtor, Associate

RE/MAX Classic Group

908-898-0800 (office)

908-376-1569 (direct)

Scotch Plains NJ Real Estate Market Update....What's Going On Out There????

By popular demand, we are pleased to release the market data for Scotch Plains and Fanwood, NJ. Remember that each real estate market is highly localized, and so as we expected, the data varied quite a bit from neighboring towns.

To view detailed numbers click the link below:

Scotch Plains and Fanwood Real Estate Report

Check back frequently for more local real estate information about YOUR town!

Sean Carroll, Realtor

RE/MAX Classic Group

www.TeamCarrollNJ.com

Westfield NJ Real Estate and Homes Report

We have just completed the analysis of the Westfield NJ Real Estate market and compared it to a year ago, and also compared it to the peak of 2005-2006. There are some interesting statistics that can help you if you are a buyer or seller in today's real estate market in Westfield, or even if you are a homeowner who is just curious.

To view the complete article, Click Here

Thanks for reading, and check back for more updates about local real estate

Why is Now Such A GREAT Time to Buy Real Estate??

With the terrific loan programs still available for qualified buyers, the $8000 tax credit for first time buyers, AND prices at a 20-30% discount in our market. It is a FABULOUS time to buy now and try to close before November 30. One of my clients shared with me today however that they felt if they waited another 6 months, they could save an additional $10,000 to $20,000 in cash to help their buying power. I told them I completely respected that decision, and its never a BAD idea to save money for future purchases.

What I also shared with them however is that they need to keep an eye on the interest rate environment, because that perceived increase in purchasing power can all but be wiped away if the rates go up even slightly.

For the purposes of this illustration. I am using rates based on the 5 year ARM, since thats what this client was considering. I am not a mortgage banker or broker, and the rates used here may not reflect actual rates for you, but it will work for the purposes of the illustration.

Mortgage Amount: $228,000

Today's Rates: 4.25% on the 5 year ARM

Payment is $ 1121 per month for principal and interest

If the rate goes up by just three quarters of a percent to 5.00%. To get that same payment, watch what happens:

Payment $ 1116/month for principal and interest

Rate 5.00%

Mortgage Amount: $208,000

So if you saved an additional $20,000, but the rate moved up by just .75% (which is not a big adjustment in this type of economy), you have not gained any additional purchasing power, as to get the same payment, you have to now borrow $20,000 less. This same argument also holds true that if prices come down another $20,000, if the rate goes up, it offsets that reduction in price.

Now is a GREAT opportunity. I'm not here to pressure you into anything...I am just here to show you why now presents a unique chance to be a homeowner, AND possibly receive $8000 as a free incentive to buy a house. This has never happened before in our history, and who knows when it will happen again. Rates may not go up tomorrow, but they WILL go up at some point in the near future I believe. How much to you want to try to time the market?

Sean Carroll - Realtor, Sales Associate

RE/MAX Classic Group

908-898-0800

www.TeamCarrollNJ.com