Glassboro, NJ

Unique Holiday Shopping Experience 12/3: Auction for June Longley, 1305 Glen Lake Blvd., Glassboro, NJ

If you've never attended an auction before, this one is looking to be a great one. The items are interesting, the weather looks to be cool & crisp and the auctioneers are ready-to-roll! The first item will be 'held up' and ready for bids at 10am sharp, so you'll want to arrive a bit earlier to register, receive your lucky number and stroll around to take in the goodies.

Oh....remember to bring your holiday shopping list. There are sure to be items here for everyone!

Partial Listing: Maple dresser/bookshelf, 5 pc. maple bedroom set/king size bed, mahogany drum table, mahogany secretary, Lavery organ, 11 pc. mahogany diningroom table set w/lyre back chairs, sir hockey table, 3/4 size slate pool table, misc. bedroom furniture, misc. lamps, brass floor lamps, over 100 dept. 56, collection of sea shells, games, glassware, Hummel Collection, all 60's & 70's, Wedgewood, Royal Doulton, Royal Alberst service for 12, poinsettia pattern, Bavarian steins, Bavarian plates, pewter, Order Eastern Star items, several old dolls (German), Waterford, German cuckoo clock, Lenox, Hull service for 12, 1975 Hummel Christmas plate, 35 mm cameras, album of Victorian postcards, cast iron frying pans, Kimerly guitar, old trunks, crocks, brass flower stand, mink stole, 3 lawn mowers, bicycles, lots of books, Christmas & Hardy Boys books, Triumph convertible, 1922 $20 gold piece, 14K gold Eastern Star pin, 14K bird nest pin, gold pearl pin, beautiful large cameo, old marbles, doilies, tablecoths and lots, lots, lots MORE!

Car and jewelry sold at noon.

TERMS: Cash, 10% Buyer's Premium

Joseph F. Pino, Auctioneer
856-358-8049
856-467-8997

DIRECTIONS: RT322 to Bowie Blvd. at light just before Rowan University to left at Carpenter (Glassboro Heights) ro right on Fairmont to left on Glen Lake Blvd.

Home for Sale By Owner in Glassboro, NJ 08028 - Flat Fee MLS Listing $395

107 N Lehigh Rd Glassboro, NJ 08028 - Realtors welcome, buyer agent commission paid at MLS# 5948069 .

4 Beds 3 Baths

Beautiful updated "Chestnut Ridge" Colonial on private 1 acre lot, backs to peach orchard. Plenty of off-street parking. Recently updated Colonial on tree-lined street in quiet neighborhood near Rowan University. Only 1 mile from Route 55. Move-in condition. Very private, serene well-landscaped one acre lot backing to peach orchard and woods. Only minutes from all conveniences, yet watch groundhogs, turkeys, deer, falcons and other wildlife as well as beautiful sunsets from the covered back porch and dining room picture window. Black-topped pad in back yard provides safe play area for kids to ride bikes, skate, etc. Large Rainbow cedar playground set can stay. Private well for outdoor use. 4 beds, 2.5 baths. Large rooms. Hardwood floors throughout. Master bedroom has a bath, walk-in closet, and adjoining office/sitting room. Eat-in kitchen with island, living room with fireplace, dining room and covered back porch overlooking private backyard and orchard. Newer gas heat and central air. Updated windows. Main floor laundry. All newer appliances stay. Home is cable ready and FIOS equipped. Full, partially finished basement with cedar closets. Attached oversized carport. Two new storage sheds. Available for quick settlement, and priced below assessment (Collapse)

If you are interested in this Home for Sale By Owner in Glassboro, NJ 08028- Flat Fee MLS Listing $395, please call 1-888-362-6543, enter the MLS# 5948069 . . You can make an appointment or ask any questions about the property. Realtors welcome, buyer commission is paid to any realtor. Please see additional listing details at Realtor.com featured by Realmart Realty.

If you have a Home for Sale in Glassboro, NJ 08028 and would like save up to 6% commission, we can list your home on the local MLS and Realtor.com for a low flat fee of $395. For more information please read the FAQ on Home for Sale By Owner in Glassboro, NJ 08028- Flat Fee MLS Listing. You will get the maximum exposure of the local MLS, in which thousands of local realtors will help you sell your home. You also reserve the right to sell your home by owner and pay no commission at all.

Please contact Realmart Realty for our texting special. All new orders will receive a free sign with Texting Service where buyers can get full listing details on their mobile phones instantly. Offers ends 05/30/2011, call now for more information about Homes for Sale By Owner in Glassboro, NJ 08028- Flat Fee MLS Listing $395.

Are you buying a home in Glassboro, NJ 08028 We will give you up to 2% of the purchase price of the property at closing if you choose to work with us. This is for all homes that are listed on the MLS. For more information, please read the Buying tips and FAQS.

Jack Yao - Realmart Realty info@realmartrealty.com, 732-727-2285

YES IT'S TRUE! The state of New Jersey allows REBATES for homebuyers. This is CASH in your pocket at the closing table. For more information on the rebate program, please read the New Jersey Law. This is not a government rebate. Please consult a tax professional about the rebate. In New Jersey commissions are negotiable.

What is the best fit when comparing FHA loans and conventional loans?

Based on my opinion over the years, the loan officer should focus on your credit scores and down payment that you can afford, when comparing mortgage programs. But keep in mind, the main focus should be what you can afford regarding your monthly mortgage payment. Overall, one needs to understand how mortgage insurance works and the guidelines for mortgage insurance in order to put you into the best mortgage program for your situation.

FHA loans in many areas make up about 35 percent to 50 percent of all mortgages used in the last 12 months for many reasons. And there are still some FHA rumors that state FHA loans are more expensive because of the upfront mortgage insurance or because of the new FHA monthly mortgage insurance changes that just took place April 18th, 2011, hence why I wanted to share this comparison.

No matter what mortgage you choose, you don’t need 700 credit scores or 20 percent down. But you do need to understand the differences for many reason, hence why I want to show this comparison between FHA loans and Conventional loans.

The example below is based on a $250,000 purchase price with 5 percent down. One reason why conventional rates are a little higher and more costly in this scenario as in FHA rates is because Fannie Mae and Freddie Mac have added penalties per se. If you are putting down less than 30% and or your credit score is less than 720, certain fee penalties would apply to you, which would increase your rate and or points. The credit score that I am going to use is 699 and I will still show in this example that FHA loans are cheaper (depending on your goals), even with 5 percent down.

***And keep in mind, some lenders have penalties on FHA mortgages with credit scores under 640 or can’t do them period. And beware of those that promise you a mortgage with scores under 620. It can happen, but they aren’t as easy as advertised and are more expensive.***

Disclaimer : These rates are examples of today’s pricing with the same lender fees, and the spread shown in the example is the same profit margin for both sides. The conventional rate also includes the penalty for the 699 credit score, hence why the interest rate is much higher.

One main fact is that you will be adding $2,375 onto your principal balance if you did the FHA mortgage because of the FHA one-time mortgage insurance premium. But as you can see, in 5 years, the principal balance is only off by $571.

Simple math. You are saving $69 a month and technically put $3,569 into your pocket in the first 5 years.. This is why you need to know your short and long term goals, and to have a budget in mind, prior to buying a home. To learn more about this, please read : How much can I afford.

Another thought? You still need to be approved by the mortgage insurance company regarding your conventional loan. And yes, there are other types of mortgage insurance programs that one could qualify for, but they usually require higher credit scores. Also, if you wanted to put less down on the conventional loan, you would need higher credit scores. With a FHA loan, the guidelines state that you can put 3 1/2 percent down with a credit score of 580. But again, it’s up to the lender and their overlays.

FHA Myth – Some people, including loan officers, without doing the math, will say that FHA loans are more expensive because of the Upfront Mortgage Insurance. Because in this scenario, you are adding $2,375 to the FHA loan and because of the new monthly mortgage insurance change. This kind of mortgage myth needs to be squashed on all levels. It starts with the borrower’s goals.

Your credit scores are important. Credit sometimes seems easy, yet at times can seem so complicated and might not make sense why your scores might be lower.

In today's economy, you will hear many different rhymes of reason why to rent now or why to buy a new home now. Ultimately it comes down to your own decision and you should only use such news with caution.

You might have heard some say, don't buy now because home values will decrease another 5% to 20%. Remember, real estate is local. In some areas, home values have already increased by 10%. So get to know your area and speak to a qualified realtor about this. Here is a good post showing you even if home values dropped, that waiting might not be such a good idea. Home prices will drop, so wait until next year??

You will also hear so many say that right now is the best time to buy, because interest rates are extremely low and so are home prices. There is a lot of truth to this, but again, you need to look at it from both sides of the fence.

So, are you throwing money out the window if renting? Yes, but this could be a complicated topic based on so many issues. Word of advice : Be careful of such online tools as renting vs buying calculators. Each one is not the same and some lack important details.

When should you not buy a home?

• If your rent is very low. (usually 20% or less of your gross monthly income) If you like the area and will probably buy in the area, maybe save for one more year.
  
• You intend to move in a few years.
  

Things to think about prior to buying a home. When you buy a home, you still have expenses unlike renting.

• maintenance of the home
  
• original closing costs when buying the home
• monthly property taxes & yearly homeowners insurance (both of which are usually in the mortgage payment)
  
• sometimes mortgage insurance depending on your down payment and the type of loan

So I have mentioned some negative reasons why not to buy a house and that confuses you a little. It's because the positive reasons will outweigh the negative reasons of buying a home. Key word being usually. Your home can become your own personal bank.

Positive reasons for buying a home

• You can write off the interest yearly
• You will build equity in your home on a monthly basis, unlike when you rent.
• You can deduct the points that you paid when purchasing, the 1st year, that's if you pay points.
  
• Your home will usually appreciate, becoming more valuable over time. Ignore what has happened in the last 3 years with values plummeting. Values had increased to quickly and this happened for several reasons.
  
• Pride : The home is yours. You can basically do what you want, within reason.
• Once your home is paid off, you just have yearly taxes and homeowners
• Creating memories - Since the home would be yours, you will creative ever lasting memories, especially if you have a family.

Conclusion : Overall, this could very well be the best time to buy. Home values have dropped in many places and they are now leveling out, stabilizing. Also, rates are still low.... anything from 4% to 4.75%. And no, you don't need 20% down or 720 credit scores to buy now. I will go over this later. You just need to have a plan, feel comfortable, know your goals, and have weighed all your options to help make your decision when deciding to rent or buy a new home.

In Part 2 : I will talk about comparing renting vs buying in dollar figures. - The pros & cons -

• Renting vs Buying -- Understanding & knowing the difference -- Part 1 of 3

• Renting vs Buying -- Showing the difference in payments -- Part 2 of 3

• Renting vs Buying -- Knowing your loan options & what it would take to buy -- Part 3 of 3