Welcome to RealEstateByPaul.com - your source for real estate in Randolph, Mendham, Chester, Denville, Dover, Wharton, Mine Hill, Morristown and throughout Morris County and Northern New Jersey.
I specialize in helping buyers and sellers with high-end homes, starter-homes, short sales, foreclosures and investment property.
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 Time to move? Click here for info. |
 Thinking about Selling? Click here for info. |
| Curious about properties that have sold recently? |
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New Listings in Randolph, Brookside, Mendham, Chester & Vicinity
Current Events:
Did you know???
* On average, housing prices are as affordable as they were in 2003.
* Interest rates are as low as they have ever been!
* Banks are lending money to qualified borrowers (ask me for money!)
* A "short sale" is when the property is being sold for less than (or short of) the amount the seller owes a lender. The seller's lender must approve these transactions.
* A "foreclosure" is the act of a lender taking possession of a property due to non-payment. Afterward, the lender usually sell the property for below market value.
* Click on Real Estate Glossary for more real estate terminology.
The current real estate market is...
GOOD if you are selling one property and buying a smaller one. Why? You may not be able to sell your existing house for what you could have in 2005, but you will get a good deal on your new house.
BETTER if you are selling one property and buying a larger one. Why? You may not be able to sell your existing house for what you could have in 2005 but you will get a great deal on your new house.
BEST is you are a buyer/investor. Why? There are an abundance of quality homes, prices are discounted, interest rates are at historic lows (under 4% for qualified buyers!)
What does this mean to you?
2012 will be a GREAT time to buy. Why? Right now there are a large selection of deeply discounted homes on the market, interest rates are at historic lows, and lenders like Weichert Financial are offering great financing for qualified borrowers.
2012 will be a GOOD time to sell. Why? You may not be able to sell for what you could a few years ago, but what you "lose" on your sale you might make up for (or more) on your subsequent purchase. Also, interest rates are at historic lows. Your buyer can afford your house now, but not necessarily if interest rates go up.
Open House - Sunday February 26th 12-4pm 40 Tingley Road Mendham, NJ 12-4pm
Testamonial from my kids:
Real Estate News:
* Short sales suit patient first-time buyers. See my quotes regarding shorts sales in this Jan. 2012 Bankrate.com article. Click here
* Forbes: 10 Tips For Getting A Fair Price On Your Home Click here for full article
* Why It's Time To Buy; The Clouds Haven't Quite Parted, But The Long-Term Case For Home Ownership Is Looking Stronger.
Wall Street Journal Click here for full article
* Forbes: Don't Expect a Housing Market Recovery Until 2014
If you are thinking about selling, can you afford to wait that long?
Click here for full article
* Wall Street Journal: 10 Reasons to Buy a Home
Click here for full article.
1. You can get a good deal
2. Mortgages are cheap
3. You'll save on taxes
4. It will be yours
5. You will get a better home
6. It offers some inflation protection
7. It's risk capital
8. It's forced saving
9. There is a lot to choose from
10. Sooner or later the market will clear
* Borrowers wait for lower mortgage rates and lose Click here for full article.
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With rates this low, why are you waiting to buy? Or still renting?
* US News and World Report: 5 Ways to Take Advantage of Low Interest Rates
#1. Buy a home. Click here to see the other 4 ways.
* Why Do you need a Realtor® to buy or sell property? Click here to watch a 1 minute You Tube video to find out why.
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