Cinnaminson Township, NJ

Recently, I wrote blog about the town in which I practice real estate. One of the towns is Cinnaminson, NJ. I received a comment saying how fun it was justsaying the name. I thought that I would write a short history of Cinnamnson.

The Lenni-Lenape Indians named their hunting grounds Cinnaminson which means Sweetwater for the Sugar Maple Trees that grew along the Deleware River.

The Township came into being in 1860 by act of the NJ General Asembly and Senate. Originally, it was much larger in area but from 1880- 1894 portions were carved away to form Delran, Riverton and Palmyra.

Presently Cinnaminson occupies 8.1 square miles with a population of 15,449. Located minutes from the night life, restaurants and shopping in center city Philadelphia, the NJ Tunpike and New Jersey Transit Riverline.

This is the 150th Anniversary of Cinnaminson and the township is still going strong. Happy Anniversary!!!

Search available properties in Cinnaminson, NJ.

Experience vs Knowledge

How many times have you heard someone boast that they are very experienced and or are very knowledgeable. In my opinion, that sounds like a great combination. Gee, I have been in the mortgage industry for almost 18 years and I think I have tons of experience, especially with FHA loans. And if I used my total years in this industry as an opener, it could be assumed that I would be a very good choice for both experience and having knowledge in regards to FHA loans and or mortgages. But let's break this down some. Can someone that is not very experienced have lots of knowledge? I think so. I know I did when I first started, because I applied myself and wanted to learn, to be the best of the best. One argument could be made that you can gain knowledge through your experiences. I am a firm believer in that statement, because that is where I have gotten half of my knowledge on FHA loans. But let's define both words.

Knowledge is defined by the Oxford English Dictionary as (i) expertise, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject; (ii) what is known in a particular field or in total; facts and information; or (iii) awareness or familiarity gained by experience of a fact or situation.

Experience as a general concept comprises knowledge of or skill in or observation of some thing or some event gained through involvement in or exposure to that thing or event.

The concept of experience generally refers to know-how or procedural knowledge, rather than propositional knowledge: on-the-job training rather than book-learning. Philosophers dub knowledge based on experience "empirical knowledge".

Both definitions from Wikipedia.

As we can see, both experience and knowledge can be intertwined. So, experience or knowledge? Here is a great example.... I picked up a new client in Virginia a few years ago who was using a local loan officer who had 30 years of experience. He missed their settlement date on a FHA loan in which he had 30 days to close their loan. She started to search online and came across some of my blog posts, and chose me because she thought I sounded knowledgeable. After reviewing her information, I said we have some work ahead of us, but that it can be done. I ended up closing her loan in 9 business days. At that time, I only had about 15 years of experience to his 30 years, but I considered myself extremely knowledgeable and understood the process very well. I think this is the problem in many cases, those not understanding the process, no matter what kind of work it is. And if you read the definition of "knowledge", it says, "the theoretical or practical understanding of a subject."

Summary : One of my main points that I wanted to get across is don't always fall for the person that says they have years and years of experience. In my opinion, that doesn't mean anything at times. So, how can you tell if someone has the knowledge? It can be chancy, but read up on them, if they blog often. Google their name. Make a list of important questions that you think you should be asked as the consumer. And then compare that person with others, by making a list and see if they ask you the same questions as the others. Don't even hesitate to interview that person and the others and ask them questions. Hey, when it comes to buying a home and or applying for a mortgage, this will probably be one of the biggest investments in your life. Take it seriously and just not assume that you are in good hands or because someone told you that they would take care of you. Those are just "feel good" statements. So, if you had to choose one over the other, which would you rather the other person have, knowledge or experience?

UPDATE : Please read this comment by Judi Boad - Comment # 2 - She makes an excellent point that I failed to mention. Some people using their past experiences could cause more harm than good, if they learned incorrectly or learned from their previous experiences, thinking that it was the right way. Please keep this in mind.

_____________________________________________________________________________________________________

FOLLOW ME ON FACEBOOK

- FHA Loans - USDA Loans - VA Loans -

- Energy Efficient Mortgages -

- Conventional Loans - 203 k loans -

- FHA Home Loans - Mortgages -

Experience & Knowledge at its BEST !!!

Follow me on:

_____________________________________________________________________________________________________

For more information on FHA loans, please go to this link. The FHA Expert

For important mortgage insight to watch for, please read : Consumers need to be aware of these Red Flags!

Copyright © 2010 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Now, some of you will think I've gone way over the edge. But some of you will understand, I know you will. I've taken to staging candy.

Now let me explain... I umm... well, may be just a little, just a teensy bit of a... perfectionist.

Just a wee bit.

I noticed it when I was out shopping for my latest staging project.

When I stage, I make it a point to always have an entry table in the foyer. Just a console table, nothing large, but just big enough for a lamp, the Realtor's flyers, a small dish for Realtor's business cards, and, well, a bowl of hard candy.

So I was shopping for the candy for the latest project and the discussion between my sister and I (she's my partner in craziness) went something like this:

Me: "Ok, we need hard candy and it must be wrapped. Unwrapped is too gross."

Lisa: "Definitely, but what kind?"

Me: "Well, there's this Country Time Lemonade candy that we used last time and it was good."

Lisa: "Right."

Me: "But this house just isn't lemonade, is it?"

Lisa: "Not at all! Lemonade is all wrong for this house!"

Me: "But lemonade was so perfect for the last house."

Lisa: "But not this one."

Me: "I'm feeling it should be more... butterscotch..."

Lisa: "Or caramel!" (said with great excitement)

Me: "How about Werther's?"

Lisa: "Perfect! It should be Werther's!"

Me: "OK, now we need to decide which kind of Werther's."

And that's about how it went. I truly prefer to think of myself as "detail oriented" with a true "quest for quality." (That's my story and I'm sticking to it!)

Really, I have fun matching candy to the house the same way I match the art, or the accent pillows, or the lighting. And one time I got really lucky and had a listing on "Caramel Drive!"

Michele Rose is a Realtor and Professional Home Stager in Burlington County, NJ. She has been assisting both buyers and sellers with their real estate needs for the last 6 years. In 2007, she founded Rose-Colored Staging, a professional home staging and redesign business, to help sellers and other Realtors successfully market their listings with professional home staging.

Here’s your Cinnaminson Real Estate market update for September 2008. Pended units for September were down 5 and Sold units were up 3 compared 2007; listed units were down by 2 units versus 2007. This has led to a current inventory of 108 units. Cinnaminson has been averaging 9 units sold per month which means there is currently 12 months worth of inventory in Cinnaminson. This matches the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 24 (an 11% decrease), pended units are down 20 (a 23% decrease) and sold units are down 19 (a 23% decrease). See how this compares to the Burlington County Market.

The last 3 years the average number of units pended and sold in September was approximately 13 & 12 respectively. This September there was 8 units pended and 8 sold. The average Days on Market for the year is 87.

What does all this mean? If you are thinking of buying or selling right now it’s important that you seek the advice of a full time professional realtor who can best advise you as to how to take advantage of this market.

The chart below provides you with the 9/2007-9/2008 numbers for listed, pended and sold units.

Below is a chart that shows the average list price and average sold price for Burlington County from 9/2007-9/2008. The average sold price is down 6% from September 2007 ($270,280) to September 2008 ($253,812).

If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.

*Market statistics as of 10/15/2008.

Here’s your Cinnaminson Real Estate market update for August 2008. Pended units for August were up 5 and Sold units were up 4 compared 2007; listed units were down by 7 units versus 2007. This has led to a current inventory of 105 units. Cinnaminson has been averaging 9 units sold per month which means there is currently 11 months worth of inventory in Cinnaminson. This outperforms the overall Burlington County market, which has 12 months worth of inventory. Year to date listed units are down 22 (an 11.2% decrease), pended units are down 15 (a 19% decrease) and sold units are down 22 (a 29.3% decrease). See how this compares to the Burlington County Market.

The last 3 years the average number of units pended and sold in August was approximately 12 & 15 respectively. This August there was 11 units pended and 15 sold. The average Days on Market for the year is 87.

What does all this mean? If you are thinking of buying or selling right now it’s important that you seek the advice of a full time professional realtor who can best advise you as to how to take advantage of this market.

The chart below provides you with the 8/2007-8/2008 numbers for listed, pended and sold units.

Below is a chart that shows the average list price and average sold price for Burlington County from 8/2007-8/2008. The average sold price is down 9.6% from August 2007 ($289,640) to August 2008 ($261,973).

If you are thinking of selling or buying in the near future, please don't hesitate to contact me directly at 856-222-5829. Or you may always visit me on line for tons of useful tips and ideas at no cost or obligation to you. I look forward to helping you reach your Real Estate goals.

*Market statistics as of 9/15/2008.