Taking Stock of Your Shore Area Home’s Value

home valueFiguring out your home’s value when the market is in flux is truly a job for experts. We have seen the national real estate market begin to rebound, and expect shore area home values to soon start to reflect movement as well. Most local homeowners are in the habit of keeping an eye on area home values. But especially for anyone considering buying or selling this spring or summer, estimating their home’s value is one of the first items on the agenda.

To get you started, there are a couple of different methods to help establish a ballpark estimate of what your home may currently be worth.

Certainly the quickest and easiest tools are FREE and reputable online calculators.  Patrick Parker Realty highly recommends our home estimator tool.  This FREE online calculator uses accumulated public record data joined with other factors to produce an estimate of home values. All you need to do is enter your address and wait for the magic.

I do have to put in a word of caution, though. Like any computer program, it’s fast and precise –but also maddeningly capable of disregarding what we humans think of as ‘common sense.’ So, while it is fun and interesting to get this kind of readout, it’s at best a ballpark estimate.  The best thing to do is to always contact us for a complimentary (and 100% human) consultation.

When an experienced Patrick Parker Realty agent creates their professional estimate or comparative market analysis, it not only takes into account the trends for properties closest to yours, but also incorporates real life features — such as the curb appeal your home and garden offers right now. The better kept your property is at any given time, the greater its estimated value should be. An agent can also suggest the small changes that work best to enhance a property’s value.

If you have been considering selling a home and are curious about your home value, contact us online, email us at info@patrickparkerrealty.com or call us at 732.455.5252 anytime for a complimentary consultation!

Patrick Parker Realty
Real Estate expertise by The Shore
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

 

Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, curb side appeal, For Sale By Owner, FSBO, Home Enhancement, home price, home sales, home staging, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, pricing your home to sell, real estate market update, Real Estate News, Real Estate Trends, Sellers | Leave a comment

Rain, Rain, Go Away… Why looking for a new home on a rainy day can be a good idea.

new jersey weatherWhen you think about looking for a new how you would probably prefer a nice, sunny day, right?  Really, who wants to have the image of their dream home marred by dreary and depressing weather when this time of year we can opt for a cheery spring day?

Well, looking for a new home on a rainy day can actually be a good idea.

Though it won’t be fun getting wet, looking at homes when it’s rainy is a really great time to conduct your search. Reason being, you may find out some things about the homes you’re looking at that will save you quite a few expensive repairs in the long run.   The number one cause of foundation issues is drainage problems, and, if you have an issue with the foundation of your home, it will more than likely be quite costly to repair. So, be on the lookout for signs of trouble.

If the home you’re considering has a crawl space, be sure you check whether or not it’s dry on a rainy day. If you happen to be looking at the home on a sunny day, be sure to check anyway looking closely for signs of moisture.

Next, check the gutters; make sure the gutters are clean and free of any debris, and that the water flowing through them is directed away from the house. Any water standing close to and around the foundation will eventually penetrate and deteriorate the soil holding the foundation in place; shifting of the foundation will cause cracks on the interior of the home.

If you are unable to investigate a prospective home on a rainy day, you should look for evidence of previous water problems and leaks. If you see white, powdery lines on the concrete walls of the basement or foundation, it usually means that water has gotten in and left minerals behind as it’s evaporated or has drained. This should be sufficient cause for further investigation.

Be sure, as well, to have your inspector take note of cracks that he or she sees in the concrete under the home. The property inspector is not an expert on foundations, so the report will likely say that an “appropriate professional” should look into the situation that has caused the cracking. Though it may be rather costly, it is always a good idea to have a professional foundation expert take a look at any and all cracks to determine the extent of the damage and whether or not the issue is solvable.

So, if you’re looking at homes this spring, don’t be discouraged by rain – go!  You may be glad you did!

Contact Patrick Parker Realty for help finding your perfect home at info@patrickparkerrealty.com or by calling 732.455.5252.

Patrick Parker Realty
624 Main Street
Bradley Beach, NJ 07720
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

Posted in Bradley Beach Information, bradley beach real estate, Buyers, jersey shore real estate, New Jersey Real Estate, preparing your home for sale, Real Estate News | Tagged , , | 1 Comment

Seven Things that Will Stop Your House from Selling

  1. Poor curb appeal
    Buyers won’t even go inside if the outside of the house looks unappealing. So clean up your front yard by tidying plants and pulling up weeds. Make sure the outside of your home looks well cared-for by painting the trim, mowing the lawn and placing attractive potted plants by the door.
    Learn more about curb appeal
  2. Unpleasant odors
    You may not even notice bad odors, but buyers surely will. Smoking and pets are the prime causes, so smoke outside while you are selling your house and consider what to do with your animals. Allow the house to air out thoroughly before viewings – don’t just try to mask the odor with another scent.
  3. Loud and scary pets
    Apart from the odor of some animals, a big dog or noisy bird can be off-putting to some buyers. So keep your dog away when you have viewings so your potential buyers aren’t distracted or, worse, scared.
  4. Signs of damp
    Problems with damp are a big turn-off to many buyers. Make sure your basement doesn’t smell damp and there are no signs of damp on the walls. It’s much better to fix problems now than wait until buyers point them out to you.
  5. Dirt and grime
    Although dirt is usually only cosmetic, it deters buyers, who will start to think the house isn’t well cared for. So make sure your kitchen and bathroom, in particular, are clean.
  6. Bad décor
    Although your home’s décor shouldn’t matter, to many buyers it does. That’s because many want a house they can move into right away. So replace any tired or out-of-date carpets or wallpapers with a more neutral, modern scheme.
    Check our our Home Decluttering Plan
  7. Wrong price
    If your house it too expensive compared to similar properties on the market, you’ll turn away viewers. So take your agent’s advice when it comes to setting a price for your home.
    More about the Importance of Pricing Your Home to Sell

Patrick Parker Realty offers comprehensive services that will get your home sold.  Contact us today so together we can explore how we can work together to make your real estate dreams come true.

Patrick Parker Realty
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, curb side appeal, Healthy Living, Home Enhancement, home staging, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, preparing your home for sale, pricing, pricing your home to sell, Real Estate Market Trends, Real Estate Trends, Sellers | Leave a comment

DIY Moving Tips

Good news! There are foolproof methods out there to restore sanity to the madness during the newspaper crumbling, bubble wrapping, and encounter overloaded boxes

moving-tipsThe madness doesn’t have to continue. Here’s how;  

1. Use recycled boxes.
Check out your local grocery stores and department stores for their product boxes. They are often very happy to allow you to pick them up. Banana boxes are the best as they are sturdy- a great description for us book hoarders! I’ve found that going in the early morning works best as they are unloading fresh produce.

2. Stickers!
In many colors and in large quantities. Use round neon stickers and create a color-coded system by designating certain colors for each individual room. If pink is for the bathroom, slap a sticker on and your good to go. Because seriously how often does our hurriedly written labels in a dying sharpie really work? As you progress from room to room take a blank sheet of paper and place a sticker on diligently writing its coordinating room. Keep this handy in your purse or wallet so on U-Haul day things go that much smoother.

3. Flying 101.
Take a page from your flying handbook. We have all heard horror stories of how luggage gets lost, misplaced or never made it on the plane to begin with. While we ourselves have thankfully not had the joy of experiencing that firsthand we still pack an extra everything security allows us on our carry on. Being stranded in a foreign country with no extra undergarments? No thank you. It’s more common for this to happen during moving, especially if you are putting a lot of miles between the old shack and the new one. Our last minute packing got put on the truck first, or in our haste we packed it in a black garbage bag and come to think of it we did have an abnormally large amount sitting by the curbside. So set aside a suitcase or duffel bag and tie a bright ribbon around the handle. As the days wind down put the absolute necessary items in it and keep a very diligent eye on it!

4. Tortoise style.
Slow and steady wins the race. I maybe did it in a week, but I was steady. I didn’t skimp on stabilizing glass with bubble wrap or mix living room with bathroom. Take deep breaths. Take nice breaks. And then continue. Things can get emotional as you uncover sometimes a lifetimes worth of accumulated paraphernalia. Remember to follow rule number 2 as well!

5. Tape.
More sticky stuff, I know, but please don’t be one of the friends I’ve helped moved who used severely generic tape that didn’t even have the fortitude to stick to the prepackaged roll. Be like Gary Sadelstein in Adam Sandler’s Jack and Jill. Love the tape. Use plenty and don’t be afraid to re-tape. Your life is practically in those boxes, so yes you might want to handle with care.

6. Ask.
Don’t be afraid to ask for the assistance of your friends and family’s help. (Unless of course you don’t want them to know you are moving much less to where!) When it comes to muscles heaving and hoing on moving day the more the merrier, right?

Bon Voyage! May your new home be filled with love, laughter, many good memories, and our fingers crossed, hope that you won’t need another U-Haul for at least another ten years!

Patrick Parker Realty
Real Estate Expertise by The Shore
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

Posted in Bradley Beach Information, bradley beach real estate, Buyers, jersey shore real estate, New Jersey Real Estate, Real Estate News, Relocation | Tagged , | Leave a comment

So you made a mistake on your taxes… NOW WHAT?

What should you do if you made a mistake on the federal return you have already filed?

file_taxesWell, it depends on the type of mistake that you made.

  • Many mathematical errors are caught in the processing of the tax return itself so you may not need to correct these mistakes.
  • If you did not attach a required schedule, the IRS will contact you and ask for the missing information.
  • If you did not report all your income or did not claim a credit, you should file an amended or corrected return using Form 1040X (PDF), Amended U.S. Individual Income Tax Return.

When filing an amended or corrected return:

  • Include copies of any schedules that have been changed or any Form W-2 (PDF) you did not include. File 1040X only after you have filed your original return. Generally, for a credit or refund, you must file Form 1040X within 3 years (including extensions) after the date you timely filed your original return or within 2 years after the date you paid the tax, whichever is later.
  • Allow the IRS 8-12 weeks to process an amended return.

Additional Information:

Patrick Parker Realty
Real Estate Expertise by the Shore
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

Posted in Bradley Beach Information, bradley beach real estate, jersey shore real estate, New Jersey Real Estate, New Jersey Real Estate Trends, Real Estate News, Real Estate Trends, Sellers | Tagged , , | Leave a comment

Spring has Sprung! Put some “sweat equity” into your home…

If you’re like most people, your home is one of, if not the largest investment you’ll ever make and maintaining it is key to protecting its value. With Spring upon us, there’s no better time to put a little sweat equity into your home!

This list is a great start to getting your home in great shape, now, and when you’re ready to sell!

  • Remove and donate unwanted items, reorganize and clean closets, attic, basement and garage
  • Power wash exterior walls, porch floors, deck, patio, driveway and sidewalks
  • Clean outdoor furniture, umbrellas and outdoor light fixtures
  • Clean out gutterspatrick parker realty new jersey real estate
  • Clean out refrigerator and freezer, making sure to vacuum the grill and coil
  • Remove lint from the hose attached to back of clothes dryer
  • Vacuum baseboards, walls and ceilings, wipe down walls
  • Steam clean carpets and area rugs and upholstery
  • Reseal natural stone surfaces (travertine, etc)
  • Reseal and repair grout in bathtubs and showers
  • Clean window treatments, dust and clean blinds and shutters
  • Remove items from all shelves, dust and clean
  • Oil hinges

If you need help with any of these projects, give us a call at 732.455.5252 and we’ll be happy to provide you with a great list of people to call!

Patrick Parker Realty
732.455.5252
info@patrickparkerrealty.com
www.patrickparkerrealty.com

Posted in Bradley Beach Information, bradley beach real estate, Bradley Beach rentals, Community Involvement, curb side appeal, Energy Savings, Green, Green Your Home, Healthy Living, Home Enhancement, home staging, jersey shore real estate, New Jersey Real Estate, preparing your home for sale, Real Estate News | 1 Comment

March 2012 Market Update

Opportunities in the housing market continue to grow for buyers and sellers. Home affordability, driven mostly by record low interest rates, is among the lowest it has ever been. According to the National Association of Realtors, and based on national averages, the payments on a home today represent 12.8% of the median household income. This is both a good sign for those looking to purchase a home, and for the economy overall as consumers are keeping more money in their pockets.

If you’re a seller, the housing market shows signs of transitioning from a buyers’ market to a more balanced one. This means that home owners should start to see prices stabilize and begin to grow, presenting more favorable opportunities for those looking to sell their homes. In regards to the number of homes on the market, a key indicator of the health of the housing market, Lawrence Yun, NAR chief economist, said, “The broad inventory condition can be described as moving into a rough balance, not favoring buyers or sellers.”

With continuing job creation, the improving housing sector, and signs that the banks are beginning to lend more, 2012 looks to offer promising opportunities to both those looking to buy or sell a home.

Source: National Association of Realtors
 

New Jersey Real Estate Interest RatesInterest Rates
The most powerful indicator of home affordability, interest rates on mortgage loans, was down again in January. The national average for a 30-year fixed mortgage was 3.92%, down 0.04% from the month before, and down nearly an entire percentage point (0.84%) from a year ago. These historically low rates, coupled with today’s home prices, represent an incredible opportunity for home buyers.

Patrick Parker Real Estate Home SalesHome Sales
Home sales were up 4.3% in January from December 2011 to 4.57 million (seasonally adjusted), and this is up from 0.7% from the year before. The steady increase in home sales over the last few months is positive encouragement for a continued housing recovery. Lawrence Yun said, “The uptrend in home sales is in line with all of the underlying fundamentals– pent-up household formation [lack of new home construction], record-low mortgage interest rates, bargain home prices, sustained job creation, and rising rents.”

Real Estate New Jersey Home PriceHome Price
Adding to home affordability in January, the median home price was down 2% from a year ago, to $154,700. While prices are still declining, foreclosed and other distressed properties, which have been putting downward pressure on home prices, are being moved more efficiently off the market, and default rates on home mortgage payments for the past three years are among the lowest in history.

New Jersey Real Estate InventoryInventory
As sales increase with a growing demand for homes, the inventory of properties for sale fell 0.4% to 2.31 million, or a 6.1-month supply at the current sales level. This is down from a 6.4-month supply in December 2011. Historically, a 6-month supply has meant that the housing sector is balanced–favoring neither buyers’ nor sellers’.

Whether you’re looking to buy or sell, Patrick Parker Realty is a turn-key go-to resource for your real estate needs on the Jersey Shore and your local market leader in the Bradley Beach area.  Call us for a free Competitive Market Analysis and information on how to effectively list your home.  Whether you choose us or opt for different brokerage, we promise you will at least find yourself better informed on the process.

Contact us at today at 732.455.5252 or info@patrickparkerrealty.com.

Posted in Bradley Beach Information, bradley beach real estate, Buyers, CMA, Competitive Market Analysis, home price, home sales, inventory, jersey shore real estate, Jersey Shore Rentals, New Jersey Real Estate, New Jersey Real Estate Trends, pricing, Real Estate Market Trends, real estate market update, Real Estate News, Real Estate Trends, Sellers | Leave a comment