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The reasons why N.J. home sales plummeted 22% last year

The reasons why N.J. home sales plummeted 22% last year
nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.

New Jersey , United States , Morris County , Jeffrey Otteau , Missy Iemmello , Beth Kimmick , Central Realty In Cream Ridge , Otteau Group , Gloria Monks , New Jersey Realtors , New Jersey Realtor , Memorial Day , Weichert Realtor ,

What happens if the appraisal is lower than your offer? Here's what N.J. real estate agents say.

What happens if the appraisal is lower than your offer? Here’s what N.J. real estate agents say.
Updated 11:15 AM;
Today 11:00 AM
What do you do when the appraisal comes in lower than the offer?Patti Sapone | NJ Advance Media
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Home buyers in today’s seller’s market are battling through low inventory and stiff competition by taking on huge risks including an appraisal contingency waiver.
Mortgage lenders send an objective party, known as an appraiser, to look at the home and give it a value. And with the average price of a home in New Jersey rising $100,000 since last year, the appraised value is often coming in lower than the offer price. ....

Union County , New Jersey , United States , Beth Kimmick , James Hughes , Alek Petreski , Andrew Kesler , Larry Centanni , Michael Read , Bridgeway Mortgage Real Services In Morristown , Jersey Real Estate Appraiser Group In Edison , Central Realty , Northern New Jersey Appraisals , New Jersey Real Estate Appraiser Group , Bridgeway Mortgage , Real Services , தொழிற்சங்கம் கவுண்டி , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , ஜேம்ஸ் ஹக்ஸ் , ஆண்ட்ரூ கெஸ்லர் , மைக்கேல் ரெட் , மைய ரியல்டீ , பிரிட்ஜ்வே அடமானம் , ரியல் சேவைகள் ,

A home buyer's love letter might seal the deal. But it's also risky.

In the cut-throat sellers residential real estate market some buyers are trying to gain an edge in bidding wars by writing letters to sellers. ....

Beth Kimmick , James Hughes , Annamarie Clementi , National Association Of Realtors , Hudson Real Estate Academy Square , Central Realty Group In Cream Ridge , National Association , Realty Group , Cream Ridge , ஜேம்ஸ் ஹக்ஸ் , தேசிய சங்கம் ஆஃப் றேஆல்டோர்ச் , தேசிய சங்கம் , ரியல்டீ குழு , கிரீம் ரிட்ஜ் ,

It's a seller's market, but is this really a good time to sell your home?

It’s a seller’s market, but is this really a good time to sell your home?
Updated Apr 04, 2021;
Posted Apr 04, 2021
There s no end in sight to the seller s market. But if you do sell, where can you go? Inventory is low and competition is fierce. AP Photo/Matt Rourke
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It’s a seller’s market, which makes it sound like a really good time to put your house on the market.
There are very few houses for sale. And multiple offers are driving up prices on the ones that are, putting more money in seller’s pockets. ....

New Jersey , United States , South Carolina , Morris Plains , West Orange , Scott Kompa , Beth Kimmick , James Hughes , Ted Komoroski , Realty In Swedesboro , Central Realty , Central Jersey Realty In Somerset , Compass New Jersey , Central Jersey Realty , Somerset County , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , தெற்கு கரோலினா , மோரிஸ் சமவெளி , மேற்கு ஆரஞ்சு , ஸ்காட் கொம்பா , ஜேம்ஸ் ஹக்ஸ் , ரியல்டீ இல் சுவேதேஸ்பொரோ , மைய ரியல்டீ , மைய ஜெர்சி ரியல்டீ இல் சோமர்செட் , திசைகாட்டி புதியது ஜெர்சி ,

Housing stock in N.J. is half of what it was last year, pushing prices to $500K on average

Housing stock in N.J. is half of what it was last year, pushing prices to $500K on average
Updated Mar 01, 2021;
Typically this time of year in Randolph, there are 120 to 140 homes listed for sale. Right now there are just 23.
It’s a trend agents and buyers are seeing throughout the state brought on in part by COVID-19 concerns and the intense competition for the few houses that are on the market.
“The inventory is ridiculously low. Unprecedented,” said Missy Iemmello, office manager for Weichert Realtors corporate sales office in Morris Plains, which has 120 real estate agents doing business in Morris, Sussex, Warren, Bergen and Essex counties. ....

Morris Plains , New Jersey , United States , Beth Kimmick , Eric Anderson , Missy Iemmello , Phil Murphy , Alexander Anderson Real Estate Group In Hackensack , Central Realty In Robbinsville , Weichert Realtors , Last January , Alexander Anderson Real Estate Group , New Jersey Realtors , மோரிஸ் சமவெளி , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , எரிக் ஆண்டர்சன் , பில் மர்பி , அலெக்சாண்டர் ஆண்டர்சன் ரியல் எஸ்டேட் குழு இல் ஹேக்கன்சாக் , மைய ரியல்டீ இல் ராபின்ஸ்வில்லே , வெய்சர்ட் றேஆல்டோர்ச் , கடந்த ஜனவரி , அலெக்சாண்டர் ஆண்டர்சன் ரியல் எஸ்டேட் குழு , புதியது ஜெர்சி றேஆல்டோர்ச் ,