Marlboro New Jersey Housing Market Update - March 2018

We have been struggling with low inventories of homes for several years 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.

In the Single Family Detached category of homes in Marlboro Township new listings have decreased by 11.6% for the first two months of 2018 compared to the same period last year.  Closed sales increased by 3.6%.  It is taking on average 75 days from listing to sale, and the median sales price in Marlboro Township was $400,000.  At the beginning of March there was only a 3.8 months supply of inventory, down by 30.9% at the same time last year.

3 Important Pieces of Advice to Avoid a Last Minute Mortgage Denial

So you found the right home to buy, got the offer accepted, made loan application, and the lender approved your loan subject to the home appraisal and re-verification of your employment and financial status just prior to closing.  Congratulations!  You are well on your way to achieving your goal.

You think it's a done deal, right? Well, it's not 'for sure' until the closing takes place. Be aware that from the time you make loan application to the actual closing, lenders have become very cautious about the entire home mortgage loan process. Even when you have a good down payment and good credit, issues arising at the last minute can result in your loan being denied.

We have THREE important pieces of advice to help ensure you don't encounter last-minute problems right before the closing:

How To Get Maximum Natural Light -- A Great Selling Feature

Lots of natural light is a great selling feature for any home.  It has much to do with the placement of the windows and which direction they face.  It also has much to do with how much light enters your property, how wooded or open, and the placement of large trees and shrubbery.  These are perhaps things you can't do anything about.

In light of that, something that you can do something about, the window coverings you choose, can make a big difference on how much natural light you invite into your home.  When you're selling your home, the rule of thumb is . . . the more natural light the better.

Let's look at some window covering options you might choose that will give you both ample natural light when you want it, and privacy and shade from the sun when needed.

Thinking of Downsizing? The Advantages of Living in an Adult Community

Today’s adult communities are different from those of the past. They are age-restricted residences for those who want to downsize and live a more maintenance–free lifestyle. Often aging adults move to an adult community when their spouse passes away, when they are recently retired, when their family home seems too large to manage, or they are simply planning for a new chapter in their life for any number of reasons.

Downsizing and transitioning from a home full of memories and good times can be challenging. However, as you begin to weigh the pros and cons of making a move like this, you quickly begin to see all the advantages adult age-restricted communities have to offer.  Here are some of them:

6 Seller Secrets For This Spring's Real Estate Market

Each year, it seems the housing market takes on a different tone – and whether it’s a sellers’ market with inflated prices and bidding wars, or a buyers’ market with tons of choices and low prices – there’s no denying, in spite of this crazy weather, that the 2018 spring housing season is upon us.

So what does it have in store? Well, if you’re thinking of listing your home, that’s an important question.

Here are 6 market insights that will give you a head start!