New Jersey Real Estate News & Blog

2020 Housing Market: What the Experts Think

Balance.

Everyone felt it at the start of the year—conditions leveling, the market yin and yanging. About half of Power Brokers sensed it, too—that the current cycle’s ending, and a different dynamic’s emerging.

Now, with two months left in 2019, the consensus is similar…but certain factors remain unclear.

“The housing market is in the midst of a normalization period, one that is characterized by slowing price growth, moderate sales and new supply that is slow to market,” according to Ralph McLaughlin, deputy chief economist and executive of Research and Insights at CoreLogic,...

4 Signs That Pests Are Damaging Your Home

If you’ve noticed unusual signs of damage around your property, pests may be to blame. Rodents, insects and other types of pests can wreak havoc on properties and cause unforeseen damage that ends up resulting in costly repairs.

Here are four signs to look for to determine whether pests are damaging your home:

Unstable Floors
The sudden feeling that the floors in your home are unstable could be a sign of a pest problem. This may be especially true if you have hardwood floors that are damaged because of termites. You might notice the boards curling on your floor as damage persists. Flaking and crumbling may also become noticeable as your floors continue to deteriorate from the damage. Crushed-looking wood at structurally significant points can be...

Expert Insights: What Is Seller Financing?

Also known as a purchase money mortgage, it is when the seller agrees to “lend” money to the buyer to purchase and close on the seller’s home. Usually sellers do this when money is tight, interest rates are high or when a buyer has difficulty qualifying for a conventional loan or meeting the purchase price.

Seller financing differs from a traditional loan because the seller does not actually give the buyer cash to complete the purchase, as does the lender. Instead, it involves issuing a credit against the purchase price of the home. The buyer executes a promissory note or trust deed in the seller’s favor.

The seller may take back a second note or finance the entire purchase if he owns the home free and clear. The buyer makes a sizable down payment and agrees to pay the...

Space Heater Safety Tips

During the colder months, many families throughout the country rely on space heaters to help heat their homes. However, if not used properly, the devices could pose a serious fire risk.

According to the U.S. Consumer Product Safety Committee (CPSC), portable electric heaters are involved in about 1,100 fires per year, resulting in about 50 deaths, dozens of injuries and millions of dollars in property loss. Taking this one step further, the National Fire Protection Agency notes that 32 percent of home heating fires involve space heaters, resulting in about 80 percent of home heating fire deaths in the U.S.

To help keep your family safe, warm and cozy, the CPSC offers the following tips for using a space heater:

    ...

Want to Help Your Kids Buy a House? Better Read This First

Buying a home is increasingly a multigenerational family affair. Four in 10 parents recently surveyed said they expect to help their children buy a home. That’s more than double the percentage of parents who themselves got help from their parents when they bought their first home.

Home prices that have been rising faster than wages, combined with burdensome levels of student debt, are fueling this trend. Moreover, helping with homeownership is a here-and-now assist that can transform a child’s financial life, rather than waiting to bequeath money down the line.

Whether you are the Bank of Mom and Dad or the adult child eager to buy, a successful intra-family deal requires careful consideration of the various options:

Can you afford it? OK, parents,...

4 Signs a House May Be a Lemon

When you’re buying a home, one of the worst possible scenarios is a dream house that turns out to be a lemon. While the term usually refers to a home that looks great but is hiding some internal, serious flaws, there are actually red flags you can watch out for—that will show up way before you even get to an inspection.

Signs of Mold or Water Damage
Use your eyes and nose to check for these environmental issues. Water damage may reveal itself in stains, in damaged wood or flooring and walls that are collapsing. Obvious mold can also be seen by a simple visual inspection, but your nose can detect it even if it’s hidden. Mold isn’t just unsightly—it can cause health issues like asthma, especially in kids.

Faulty Foundation
This is a classic, surefire deal...

5 Winning Ways to Boost Curb Appeal

When it comes to curb appeal, it is normal not to know where to begin. As your local real estate professional, I wanted to share this insightful infographic on winning ways to boost your home’s façade. Using any of these five methods will assuredly increase the aesthetic value of your home. Just imagine the results if you can follow through on each point.

...

How to Handle a Property Line Dispute

Property line disputes between neighbors are common. Sometimes the issue boils down to a simple misunderstanding or mistake and can easily be resolved, but in other instances, homeowners need to get government officials and even attorneys involved.

Gather Information
If you believe that your neighbor’s fence, tree or other structure is encroaching on your property, check official records before you raise the issue with your neighbor. It’s possible that descriptions of the property line on your and your neighbor’s deeds are inconsistent or that a previous owner of your property deeded the piece of land to your neighbor or granted an easement. You might not have found out about it when you bought the house if you didn’t conduct a title search.

If the location...

Trendy Decorating Ideas for Staging a Luxury Children’s Room

Staging a children’s room in a luxury home can seem like an oxy-moron. After all, kids are supposed to be messy and whimsical, both things that don’t usually appear in descriptions for luxury homes! Knowing how to show off both the function and features of all bedrooms, however, definitely gives your home an edge with Canadian luxury buyers. Try these tricks for showing off your children’s bedrooms in the best light:

Add a whimsical canopy in a luxurious fabric. Make buyers see just how charming their children’s next bedroom could be by suspending a simple draping canopy over the bed. Try silk or gauze for an airy and sophisticated feel.

Add some extraordinary toysA life-sized stuffed jungle animal or a mini ball pit lets buyers imagine...

How to Become a Maintenance Pro as a New Homeowner

Congratulations on your new home! You survived the paperwork. You got all your belongings moved in and everything unpacked. You even got a lawnmower, some power tools and a massive tool chest. Now what?

Many new homeowners don’t even think about home maintenance until something breaks, but that’s not the best way to take care of your new home. Here are some tips to help you protect your investment and keep your property in good shape for years to come:

Set a Maintenance Schedule
A good place to start is by following a home maintenance schedule. Just as your car needs to have an oil change and checkup regularly, your home and yard will need some regular maintenance, as well.

If you bought new appliances, make sure you send in your warranties and keep all of the owner’s...