Blogs

How Credit Cards and High Debt Ratios Can Keep You From Buying Your Dream Home

We all love to spend money, right?  That’s what it’s for… to spend!  Clothes, cars, etc.  Why work so hard if you can’t enjoy it?  But there’s peril in this if you’re not careful. 

When it comes to buying a home, there are certain factors lenders look at to determine what kind of “risk” you are to them for paying it back.  Two of these factors are effected by your spending habits.  They are called “Debt Ratios”. 

Banks always look at the worst case scenarios when they consider loaning money to someone, so even though you may think every thing is fine, they are thinking about “what if’s” like . . . What if you lose your job . . . What if you get severely ill and can’t work . . . and other morbid and depressing possibilities . . .

What Will Fuel Housing Demand Growth For The Next 10 Years?

A Mortgage Bankers Association study has estimated that between 13.9 and 15.9 million additional households will be formed by 2024, making the next ten years one of the strongest periods of growth in housing in U.S. history.

In their white paper, Housing Demand: Demographics and the Numbers Behind the Coming Multi-Million Increase in Households, the MBA’s researchers conclude that the housing demand surge will be driven by Hispanics, Baby Boomers, and Millennials.  They report that household formation has been depressed recently by unfavorable economic conditions, and that improving employment markets as well as major demographic trends will create strong growth in both owner and rental housing over the next decade.

Best Landscaping Improvements That Will Add Value To Your Property

One of the most important investments you can make is in your home's landscaping. Beautiful landscaping not only adds value to your property, but also makes it stand out to potential buyers by boosting its curb appeal. In fact, good landscaping can raise the value of a house by 28%, and upgrading existing landscaping from good to excellent can reap rewards of 6-7%.

Here are SIX of the most important components to amazing landscaping!

Our Favorite Things About Living in Marlboro New Jersey

Marlboro Township New Jersey has plenty to offer its residents including beautiful homes, wide open spaces, a variety of entertainment, shopping and recreational opportunities, as well as its proximity to the Jersey Shore and New York City.

Interviewing Multiple Agents? Be Careful What Information You Share

You're ready to list your home.  Although a particular agent was highly recommended to you by a trustworthy friend, you've decided to interview them as well as 2 other agents so you can compare their marketing plans and how much they feel your home is worth.  

This is a good idea, if you have the time, but there are a few things you need to be careful of during this preliminary question and answer process . . . things that can negatively affect your bargaining position later when your home is marketed.