About Milford's Holland Township

Holland Township NJ 08848 Data on Homes for Sale, April 2011 - Hunterdon County Real Estate Market Reports

While low-priced foreclosure homes for sale and an estate dominated Holland Township NJ 08848 closings during March, the higher priced houses are beginning to move now too!  As of April 23, the GSMLS system reports that the 4 that went Under Contract this month range from asking prices of $344,000 - $549,000.  Despite the huge surge in new listings, the market absorption rate (inventory) as of today is just 7.6 months.  Clear signs of an improving picture, based on my analysis of up-to-date market data!

Here is MLS data you may search for Homes for Sale in Holland Township NJ 08848.

Then call or text me at 973-493-8216. Let's go take a look!

You can find all my updates at: Market Snapshot Report - Real Estate Data on Homes for Sale in Hunterdon County NJ.

Copyright © 2011, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.

Considering selling a home or looking to buy a house in Northwestern NJ? I serve the Route 78 corridor of Warren County & Hunterdon County. Benefit from creative marketing, top negotiating skills and vast real estate knowledge by calling or texting Irene’s cell at 973-493-8216.

Irene Kennedy, who is a NJ real estate agent with Weichert, Realtors, lives in Warren County NJ & works from the Phillipsburg office. She also services adjacent areas of Hunterdon and Sussex.

Meet Irene Kennedy, a great Real Estate Agent serving Northwestern NJ - primarily Warren County and Hunterdon County homes for sale

 

For several new real estate marketing initiatives I've undertaken, it would be great to have a post covering my very favorite topic - myself, the modest Irene Kennedy!  One of the things I hope to show here is that, while I take the business of homes for sale very seriously, I can also inject some appropriate fun into a transaction.  I've categorized some sample posts into topics below.

 

It was quite an honor for me to become one of the Top 10 NJ real estate professionals who blog.  More important, however, is that my marketing efforts reach a much vaster audience of potential buyers of homes for sale.  When it comes to Internet advertising for real estate, I continue to master the Northwestern NJ market!  Plus, I learn and try new things to help YOU best satisfy your personal goals concerning real estate.

 

Marketing Northwestern NJ homes for sale - selling YOUR house

• SELLER Remorse - What's Not in YOUR Wallet? What You CAN Do if Your Listing Agent Doesn't Blog!
• Ranch homes for sale with a dream WORKSHOP: 358 Liberty Road Stewartsville - Lopatcong NJ 08886. Already Under Contract!
• Potentially Fast Short Sale: 3 - 4 bedrooms, Colonial homes, 461 Thomas Street Phillipsburg NJ 08865
• Open House, Sunday April 17, 2011 - Colonial homes for sale:  170 Filmore Street Phillipsburg NJ 08865
• Scene of a Crime – 603 Brass Castle Road, White Township NJ: Victorian Homes for Sale with a Past…

 

Helping Buyers purchase the perfect home based on THEIR needs, budget and dreams

• Professional Real Estate Service & an Emotional Ending – 7 Lawrence Trail, Washington NJ 07865 SOLD!
• SOLD: Lakefront Vacation Homes for Sale in Vernon NJ
• Sold - Grand Cascades Lodge, Crystal Springs Hotel Condo in Hamburg - Hardyston NJ

Market Reports - Irene Kennedy's real estate updates on important data about Northwestern NJ homes for sale

• Milford Borough NJ 08848 Data on Homes for Sale, March 2011 - Sample with the graphs and charts
  
• Market Snapshot Reports - Real Estate Data on Homes for Sale in Hunterdon County NJ   and Warren County NJ market updates.  Although I publish overviews, when it comes to pricing your home for sale or helping you put a strong offer on a property you want to buy, I do in-depth research to match your particular needs.
  

 

Distressed Northwestern NJ homes for sale: Foreclosures and Short Sales

• Here is 1 from my very popular series: Want to Steal a Foreclosure? Get the REO facts from a Northwestern NJ real estate agent
• Short Sales in Hunterdon or Warren County NJ – Helping Owners and Potential Buyers

 

And,  so you can learn a bit about the fun side of Realtor Irene Kennedy

• Haunted by a RainDance - Am I a Hyper-Local Realtor® who keeps her word?
• Fascinating, FREE Family Fun - FOSSILS in Hamburg, NJ
• Hey! There is a Realtor under my Sink in Warren County’s Pohatcong NJ!
• We Rode Thomas the Train - A fun but NOT Fabulous Northwestern NJ Family Outing
• Macaroni Kid Phillipsburg: New Website Newsletter with Activities for Children, covers Warren County NJ through Easton PA
• New Years Day Family Gathering - Meet Irene Kennedy's Kin

Now that you've learned quite a bit about Realtor Irene Kennedy, I'd be delighted to have a chance to learn more about you and any possible Northwestern NJ real estate questions or needs you might have!  My cell is 973-493-8216.

Milford Borough NJ 08848 Data on Homes for Sale, March 2011 - Hunterdon County Real Estate Market Reports

I'm eagerly awaiting a burst of spring real estate market activity in Milford NJ! As of today, March 21, there has been 1 closing on homes for sale this month, so at least the Average Sold Price chart won't look quite as bare next time I update my market report! One of the Under Contract houses is reportedly closing on the 31st but I make no promises...

We have 16 active homes for sale in Milford. Some other sellers may join them for the spring market. I've got a wealth of market data and advertising material to help owners get the most money in the right amount of time. Call me at 973-493-8216 if you'd like to chat about how I can help get your home into the SOLD category!

Looking to purchase one of Milford NJ's fine homes for sale? Search the regularly-updated MLS for 08848 homes for sale in Hunterdon County NJ's Milford and we can look at the ones you like.

Appraisal Issues and Recommended Solutions:

SYNERGY MasterMind Team to the Rescue!

Traditionally, lenders required Appraisers to fulfill 3 criteria when appraising a home:

1. Comparable sales within 1 mile
2. Within same school district
3. Same style house

Today, lenders are requiring the appraisers to find comparable sales that closed within the past six months and sometimes three months. Due to the lack of home sales, appraisers do not have sufficient comparable sales. They are now forced to use comparable sales of different home styles. This is not a true or accurate value of the home in question.

Other Problems with Appraisals

Another issue is in reference to distressed properties, i.e., foreclosures and short sales. Appraisers should not use foreclosed properties in their array of selected comparable sales if there are “arms-length” closed transactions available. This use results in an unrealistic value for the subject property. It weakens the market even further, and it is a major factor, today, in keeping down values.

The “fix and flip” property can greatly skew market values. A flip might sell for a low price because of the inferior quality of the renovations yet pull down area averages.

Out-of-area appraisers can be a huge problem for appraisal values. Banks should make a greater effort to assign local appraisers to evaluate local properties because there are unseen factors that contribute to value. Unless one is familiar with local attributes, those factors are not considered. The in-area appraisers are familiar with the local benefits of location and school systems, as an example; the buyers are familiar with these factors also, but the appraiser from another area is not.

SOLUTIONS for Appraisal Issues

Our suggestions for improving the quality of appraisals are:

• Avoid distressed or bank owned properties as comparable sales;

• When a distressed property must be used, factor some value to compensate for the extremely low sale price;

• Hire local appraisers from the same county

• Allow adjustments for comparable properties used that are in abutting towns;

• Permit the use of comparable properties that are located within the same school district but more than a mile away.

This post is a combined effort by the Synergy team: Barbara Todaro, Gita Bantwal, Jennifer Fivelsdal, Maureen McCabe, Tim Kennedy and me, Irene Kennedy

December Challenge - Days 27 - 29 in Northwestern NJ, Irene Kennedy

My area was spared from tons of snow dumped elsewhere in the Northeast. Sure, we got some but nothing that kept us snowbound - or me from being productive in real estate!

12/27 - Worked on my market report graphs, so they'll be ready to roll in early January. Made it to my office by noon and called some leads that were transferred to me; nothing yet promising. Extended one of my listings. Lots of back and forth on a rental issue.

12/28 - Resolved the rental issue and the lease was signed by both parties. Called a few more leads. As one of the few agents in the office yesterday, I picked up a potential buyer of foreclosures. Started cleaning up tags I've used in my posts.

12/29 - Took that buyer to see 2 foreclosure homes for sale and wrote up a very attractive offer on one of them!