Our Blog

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.