Cranford, NJ

Today, after a lot of work for everyone involved, buyers, sellers, agents, attorneys, lenders, and banks, Team Carroll helped another family avoid a foreclosure by succesfully closing a short sale in Cranford, NJ. Thanks to my active rain blog, these clients found me after listing with 2 other Realtors, and hired me to help them with their short sale.

We got the property under contract in less than a month, and through some lending challenges, the buyers agent and I along with both attorneys, kept things moving ahead.

If you are facing foreclosure, or need to sell your house but owe more than its worth, don't give up. CALL US!! We want to help. Nothing gives me a better feeling than helping people, and preventing a foreclosure is good for everyone.

Thanks for reading. Happy Labor Day!

Sean Carroll - Realtor, Team Leader

Team Carroll of RE/MAX Classic Group

www.TeamCarrollNJ.com

If you are behind on your house payments, and/or you need to sell your house, but like many people owe more on the home than its worth, don't panic, and don't walk away! Let Team Carroll help you. We are specializing in helping homeowners like you sell their homes and complete a "Short Sale" with your lender. We will negotiate with the bank for you, walk you through the entire process, and make our best effort to get the bank to accept a fair offer for your home, and avoid foreclosure. There are options, give us a try! For more information, contact us today!

Sean Carroll - Realtor. Team Leader

"Team Carroll"

www.TeamCarrollNJ.com

If you will be around Union County on September 5 and 6, you MUST check out the Union County Music Fest. It will feature a list of great bands, with the 2 headliners of Everclear, and B 52s. What a great event, held right in our backyard of beautiful Cranford, NJ.

Here is what the music fest website has to say about the event. To see the full info, logon to www.UCMUSICFEST.com

OVERVIEW:
Across two glorious late-summer days, MusicFest will bring together the Union County community for a free event consisting of non-stop musical entertainment and fun for the entire family. Located in beautiful Nomahegan Park in Cranford -- one of the region's most scenic destinations -- three stages will host an exciting line-up of popular national and local musical acts. (MusicFest '07 performers included music legend Chuck Berry, along with Live, The Alarm, Fountains Of Wayne, The Smithereens and The English Beat.)

In its 11th year, MusicFest will provide a unique marketing opportunity to connect with a highly desirable audience and create community support at Union County's most popular and anticipated event.

SPONSORING ORGANIZATION:
Union County Board of Chosen Freeholders

WHERE:
Nomahegan Park, Cranford, NJ

WHEN:
Friday, September 5th, 2008 4 PM - 10 PM
Saturday, September 6th, 2008 9 AM - 10 PM

AUDIENCE:

· Estimated attendance is 70,000+.

· Music lovers of all ages, especially 25-49 year-olds and

families with children.

· Attendees are primarily from Union County, but also include a substantial influx from communities

throughout New Jersey, as well as New York City.

HIGHLIGHTS:

· Free non-stop musical entertainment featuring popular national acts, local.

· The headliners for 2007 were crowd favorite Chuck Berry and Live.

· The second annual MusicFest /, which will also feature an official 5k race. Proceeds will benefit New Jersey-based cancer charities.

· The Kids Kingdom Traveling Jubilee, featuring a wide variety of children's amusements, live entertainment, and pony rides, petting zoo, and much, much more.

• A variety of vendors offering a wide range of cuisines, including foods kids will love, too!

ENJOY!!! I am sure it will be a fabulous event!!

Many of our clients ask us every day "Just how much is the market down in Cranford" We read newspaper reports every day, and hear TV reporters tell us that the sky is falling with real estate everywhere, and that just isn't true. So, what's happening in Cranford???

Here are the facts. These are not opinions, these are not guesstimates, these are facts.

The average sales price in Cranford NJ for the year to date ending July 2008 is $435,665

The average sales price in Cranford NJ for the year to date ending July 2006 is $464,578

That equates to about a 6.3% decline in average sales price. Keep in mind the average is not the whole story. This does not take into account particular price ranges having a larger decline than others. What we are finding is that the starter homes under $500,000 have taken much less of a decline than the mid homes from $550,000 to $700,000 in Cranford. What does this mean for you as a buyer or seller?

Buyers: Prices are down, but not crashing. You can get a nice discount on a home in a great town compared to 2 years ago, especially in a mid range price over 500-700K, but don't expect a well priced listing to still sell for another 10% off its asking price.

Sellers: Prices are down, but not crashing. The big difference for you is that there is much more competition, and many of your competetors will still list their home at the 2006 price, which gives YOU the advantage if you take our pricing advice and price the home to sell at the 2008 price. This will bring traffic to YOUR listing, and help the buyers to see the value, while still offering them your home at a discount from its highs of 2005-2006

More to come next week. Thanks for reading!

Sean Carroll - Realtor, Team Leader

RE/MAX Classic Group

www.TeamCarrollNJ.com

Here are the raw numbers for Cranford, NJ Real Estate for the Month Ending July 31, 2008.

Average Sales Price: $422,940

Average Days on Market: 78

Average List to Sale Price Ratio: 96.9%

Closed Transactions: 25

The sales activity remained consistent with June's numbers, as this has been overall a very healthy summer for Cranford, NJ real estate sales. Check back for year over year comparisons, as well as quarterly comparisons, so we can see where we are in the market trends.

Buyers: Opportunities to buy into this great town of Cranford are many. But you have to act quickly on the well priced homes, as motivated sellers are already building in the market correction to their list prices!!!

Sellers: Get good, honest pricing advice from your Realtor, and let us guide you to position your home properly in the marketplace to ensure that our marketing does what it's designed to do. You CAN still sell for a fair price..Just not the 2005 price!!

www.TeamCarrollNJ.com