Julie Lurie-Warren's blog

Why Pre-Listing Home Inspections Are Growing in Popularity

Home sellers are increasingly electing to have their homes inspected either prior to listing their home for sale, or prior to finding a buyer.

Having your home inspected and taking care of any issues can virtually eliminate the potential pitfalls and hassles associated with waiting to do the home inspection until a buyer is found. In this case the inspector works for you, the seller, and generates an inspection report for you. You can then share the inspection report with potential buyers.

Although the inspector is working for you, and generating a report for you, the inspector still has an obligation to do the best and most accurate inspection possible.

Here are the main advantages of having a pre-listing home inspection completed:

Fannie Mae Makes Significant Changes To Help People With Student Debt Get Loans

Watch the video and learn about the significant changes announced by Fannie Mae to help people burdened with student debt qualify to get a home mortgage.  In summary:

  • If you can document that someone else is paying your student loan (employer, parent, etc.) it will no longer count against your debt-to-income ratio.
  • If you are on a reduced payment of your student loan through a special program, the full payment amount will no longer be used, the reduced payment will now be used to count against your debt-to-income ratio.
  • The debt-to-income ratio has been increased from 45% to 50% for everyone.

These are all significant changes to Fannie Mae's program, and should help a lot of people now qualify to buy their first home.  Watch the video to get more in-depth information, and contact us to help you get qualified and find the perfect new home.

Congratulations To Our Top Producing Agents For May!

We're pleased to announce the top producing individuals and teams for the month of May!

Top Listing Agent is Fran Krumholz-Bookman and Top Listing Team is the Cole Gold Team. The Top Selling Agent is Brian Lichtenthal & the Top Selling Team is The Russ Team.

Congratulations to all!

Marlboro Township: More Single Family Detached Homes For Sale in 2017

We have been struggling with low inventories of homes for a long time now.  The lack of available homes has affected prices as well as sales and market times, and has been frustrating for buyers competing for their dream home.

We have a bit of good news in the Single Family Detached category of homes in Marlboro Township . . . new listings have increased by 23.3% for the first four months of 2017 compared to the same period last year.  As a result, closed sales have also increased by 52.7%.  It is taking on average 73 days from listing to sale, down by 10 days from last year, and the median sales price in Marlboro Township (including Morganville) was $508,000.  At the end of April there was 6.1 months supply of inventory, which is considered a 'normal' level of inventory for a healthy real estate market.

Manalapan Single Family Home Sales Up 26.7% in First Quarter 2017

It's good to keep up with what's happening in the real estate market in your community, whether or not you are currently in the market to buy or sell.  Residential and commercial real estate activity affects the overall economic health of the community in many ways.

Here are the most significant single-family detached homes statistics for Manalapan Township's housing market, provided by the New Jersey Association of Realtors®, comparing the first quarter of 2017 to the first quarter of 2016: