Burlington Township, NJ

Do YOU Live Next To a NEGLECTED Foreclosed Home?

Are Foreclosed Homes In Your Neighborhood Driving Down Property Values?

What can you do about it?

A Murrieta homeowner Mark McKinzie was fed up with the the flood of neglected foreclosures in Southern California.  He lived next door to a foreclosed lawn that had a black lawn  that had been that way since April 2007.  So, he launched his own watchdog web site to hold lenders accountable.

Just go to www.lenderoffender.com

There you can post a picture of the offending property along with information about which bank owns the property. The website then ranks the worst lender offenders, with Fannie Mae topping the list so far.   Mark says it's working.   "I am putting these lenders on the spot in hopes that they will actually take notice of these properties."

Just days after launching www.lenderoffender.com, Wells Fargo contacted mark about this

property and suddenly

 

landscapers showed up to plant a new lawn.

Nothing Beats A Failure (But A Try).

Have A Great Day and

Make This YOUR Best Year Ever

 

Leander McClain, Burlington Township Realtor & Real Estate Consultant, Keller Williams Realty, 1814 Route 70 E, Suite 200, Cherry Hill, NJ 08003, 856-321-1212 Bus., 856-685-1677 Direct

 

I WILL NOT BE WORKING TOMORROW!

Tomorrow is a National Holiday (At least in my house).

Tomorrow @ 3:30pm Eastern time, in Daytona, Florida a green flag will drop and the 2009 NASCAR Sprint Cup Series will be underway.  And yes, I will be glued to the television watching the cars go around and around. 

Over the years, many people have asked me why I like auto racing.  And I say that it must be something in my male genes.  Now don't get me wrong.  There are plenty of women who are HUGE fans (In fact I work with one of the biggest Tony Stewart fans that ever lived).  But guys like the chase, the spirit of competition, burning rubber, flying dirt and gasoline fumes.  

Guys will race anything.  Don't believe me??  Take a look at the lawnmower and bar stool racers to the right.  

My favorite drivers are Matt Kenseth (#17) & Tony Stewart (#24).  But my all time favorite driver is the King Richard Petty.

So if you give me a call tomorrow afternoon, leave a message.....I will get back to you after the race.

Have a great day

 

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Burlington Township, New Jersey January 2009 Home Sales & Analysis

 Are homes selling in Burlington Township, NJ??  Yes. 

Is there a healthy supply of homes for sale?  Absolutely Yes. 

Is now a great time to buy a home?  Depends on YOUR Situation.

Is now a great time to sell a house?  Depends.

 

The table below shows that in January 2009, Eleven (11) homes sold.  Seven (7) were single family detached and the remaining four (4) were town homes or condos.  Overall the townhouse market is stronger than the single family market.  12.5% of the Town homes available for sale sold in January.  This leaves an 8 month supply.  6% of the single family detached homes sold leaving a supply of 16.7 months.

What does this all mean?

A balanced market is defined as a six (6) month supply of homes for sale.  If there is greater than 6 month supply, then we are in a buyers market.  Less than a six months supply, we have a sellers market.  Right now, Burlington Township, NJ is a Buyers Market. 

Another interesting point to note is that the average sellers concession (ie...money paid towards buyers closing cost, ie...free money for the buyer) was $4,250 for town homes and $2,571 for single family detached homes.  What that means to the buyer is that the SELLER of your new home may be willing to help you buy your new home. 

If you have any questions, or are looking to buy or sell a home in Burlington Township, NJ or the surrounding area.......text, call or email me Today.  I am a Realtor and a Real Estate Consultant.  My job is to help make YOUR dreams come true.  Let me show you how I can do that for YOU and YOUR family.

 

 

Type	City	Total Available	Sold Jan 2009	% Sold	Supply
Townhouse	Burlington Twp	32	4	12.50%	8 months
Single Family	Burlington Twp	117	7	6%	16.7 months

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Townhouse	Burlington Township	Rosewood	1013 Garnet Drive	1	1	$99500	$99,500	$5,000	22
Townhouse	Burlington Township	Bridle Club	508 Lindsley Court	3	2.5	$220,000	$215,000	$3,000	201
Townhouse	Burlington Township	n/a	65 Manchester Way	3	2.5	$229,000	$220,000	$5,000	218
Townhouse	Burlington Township	Hancock Hollow	28 Stratfort Court	3	2.5	$239,000	$225,000	$4,000	31
			Average	2.5	2	$196,875	$189,875	$4,250	118

 

 

Type	City	Subdivision	Address	Bedrooms	Baths	Listing Price	Selling Price	Seller Concession	Days on Market
Single Family	Burlington Township	Rosewood	20 Cynyd Drive	3	1	$240,000	$160,777	$0	103
Single Family	Burlington Township	Rosewood	48 Walnut Drive	4	2.5	$214,900	$214,900	$5,000	122
Single Family	Burlington Township	n/a	8 Rose Lane	4	2	$238,750	$215,000	$0	528
Single Family	Burlington Township	Park South	6 Vincent Drive	4	2.5	$349,900	$295,000	$ 5,000	104
Single Family	Burlington Township	n/a	606 Sunset Road	4	3.5	$308,000	$303,000	$8,000	216
Single Family	Burlington Township	Steeplechase	81 Steeplechase Blvd	3	2.5	$347,000	$335,000	$0	203
Single Family	Burlington Township	Royal Oaks	83 Shive Plave	4	2.5	$429,000	$400,000	$0	259
			Average	4	2	$303,936	$274,811	$2,571	219

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Barack, Inc.

Winning Business Lessons of the Obama Campaign.

 

I ran across this book and decided to give it a read.  I figured that it didn't matter if I was Republican or Democrat, maybe I could learn something from the Obama Campaign. Furthermore, I thought I may be able to apply it to my real estate practice in Burlington Township, Burlington County, New Jersey. 

Upon opening the book, I read the following

"Who among us ever fully believed that a Cinderella candidate could soar out of Illinois obscurity and become the 44th President of the United States, confounding dozens of world-renowned politicos in the process?  Yet Barack Obama managed to beat the Republican party at it's own game with discipline, organization and massive fund raising".

Hmmm......If I can figure out how they did that, maybe I can do some of the same.  The next 146 pages has only four chapters and four main themes. 

1. Success You Can Believe In - And Emulate

2. Be Cool

3.  Be Social

4.  Be The Change

The themes are simple, yet obvious.  Happy Reading

Make This Your Best Year Ever

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Just Because I am Losing Doesn't Mean I'm Lost

I was listening to one of my favorite rappers this morning Jay-Z.  He did a mash up album with Coldplay titled "Viva La Hova". Ok I know, I know....most people who are reading this are saying Jay who?  Cold what? And what does this have to do with real estate or the price of tea in China.....stick with me.

 The first lines of the song Lost are as follows

 "Just because I'm losing,

Doesn't mean that I'm lost.

Doesn't mean I'll stop,

Doesn't mean I'll cross".

 I used to tell people all the time...."In life, there are no cheerleaders".  You must remember that you can lose the battle and still win the war.  Right now many real estate agents are suffering due to the current status of the housing market.   Many more have taken down their shingle.

 In addition, many of us face other battles outside of real estate. Marital, health, financial, families are some of the many areas in which we may face problems.  You must remember what I said before....there are no cheerleaders.  You have to be your own number one fan.  In order to succeed in life, you must have an attitude like the one in the Coldplay song.....

 Just because I'm losing, doesn't mean I'm lost.

 

Sure, maybe I had to develop a less expensive marketing strategy.  Maybe the listing I thought I had in the bag fell through.  Maybe the things I thought I was going to get in the divorce didn't happen.  Maybe I have to be on medication for the rest of my life.   Maybe I didn't get to buy the new car I wanted. Maybe I didn't get to go on vacation this year...and the list can go on and on and on.   

 Doesn't mean I'm lost.

 Doesn't mean I'll stop,

Doesn't mean I'll cross.

 

To quote another rapper..."I can't stop, won't stop". 

 I won't stop.  I won't lose EVER!

 Now I may lose some battles along the way, but I won't lose the war.  That is the attitude that you must have in order to survive when things don't go the way you expect.  When things start to look ugly, that is when you have to work even harder.   But make sure  you understand why you are here in the first place.  If you are in real estate because it was easy money, but you don't really like the industry or dealing with the public......you will not succeed.  Pack your bags now and leave.  The rest of you follow me because...

 I WILL NOT STOP!

 

Have a great day

Make This Your Best Year Ever

 

Ps...coming soon "The McClain & McClain Realty Team"

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)