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Author Archives: Patrick Parker Realty
Even some veteran renters are looking at today’s housing market and wondering whether it’s time to start an Eastern Monmouth County home search. With prices and mortgage rates as low as they are while rents continue to move higher, the numbers point to home ownership as an ever more obvious choice.
But that’s just the quick, back-of the envelope budget equation: monthly rent vs. mortgage payment less tax savings. If this Summer finds you at the start of your own Jersey Shore home search, many financial advisors recommend that you also consider another rule of thumb – you should plan to stay in your new home for at least five years.
Every homeowner can have all sorts of reasons for selling their house. Those in the boomer generation can be in one of the traditional phases of retirement (planning, transitioning, initiating) or perhaps in one of the newly-popular phases (postponing, rejecting).
For them and everyone else, the decision about whether to sell the house falls into one of two categories: those triggered by economic pressures — or all the other reasons. In all cases, being in control of the timing of your house sale will put you in control of the process. That pays off. Continue reading
Last week’s report indicated that the 5.9% increase was more than three times greater than economists expected. According to the National Association of Realtors in Washington, the index of pending home resales climbed 5.9% to 101.1. This matches the two-year high reached in March. Continue reading
At last! To the joy of every child (and most adults) you know, your Monmouth County home has a swimming pool! Whether you just bought the property or have recently installed a pool yourself, this is a feature that’s not … Continue reading
This past Memorial Day Weekend marked the first truly HOT days of the season here on the Shore. And many of us automatically fire up the air conditioner. While that may seem like the only way to keep our property from broiling, later — when we open up the next electric bill – we’re reminded once more that it isn’t necessarily the most efficient.
There can be longer-range benefits to battling the heat using a more energy-conscious strategy. If you later decide to put your property on the market, I find it is now common for prospective buyers to ask to see a year or two of utility bills – and you don’t want those to cool your prospects’ enthusiasm!
According to the National Association of Realtors®, first quarter statistics again point to better home sales figures. This time it was the prices of single family homes that rose in half of the major cities in the United States. Because of the wide differences between regional and state conditions, these figures are never in 100% lockstep, but Eastern Monmouth homeowners should be encouraged by the report’s breadth: prices rose in more than twice as many cities as fell. Continue reading