National media outlets frequently report on real estate trends using broad statistics that have little bearing on specific local markets. The gap between what consumers see on cable news and the realities in their neighborhoods is creating confusion, according to Nicholas Christopher, Team Leader at Christopher Property Group. Christopher says buyers and sellers in South ...
In Northern New Jersey, tighter bank lending standards have steered developers away from speculative single-family homes and toward projects with reliable rental income. According to Robert Abbott, President and Broker of Record at Berkshire Hathaway HomeServices Abbott Realtors, banks in Bergen and Rockland counties are now reluctant to finance projects without a built-in rental income ...
Workforce housing developers continue to face strong resistance from existing residents who often misunderstand what modern affordable housing projects actually provide, according to Miles Alexander III, Founder and Managing Partner at Alexander Goshen. The firm, which develops mixed-use and multifamily projects across Florida, Texas, and Georgia, reports that community opposition remains one of the most ...
Real estate agents who avoid tough pricing conversations with sellers are creating problems that extend well beyond a single failed deal, according to Nicholas Christopher, Team Leader at Christopher Property Group. In New Jersey, sellers who do not understand current market conditions often chase falling prices with repeated reductions, spend unnecessarily on marketing, and ultimately ...
You’ve found the right house, your offer is accepted, and you’re anticipating closing day. But then your lender calls with bad news, a survey reveals a property line dispute, or closing costs turn out to be thousands higher than you expected. Suddenly, your deal is at risk. Debbie Rice, Owner and Lead Transaction Coordinator with ...
Buying or selling a home in north central New Jersey comes with no shortage of conventional wisdom — and a lot of it is wrong. Many sellers believe they must strip their homes of all personality, remove wallpaper, and paint everything beige before listing. In reality, buyers in this region are drawn to homes with ...
Just a year ago, buyers in Southwest Florida who offered below the asking price risked being ignored. Today, starting negotiations well under list price is not only accepted but often effective. Mary Bartos, team leader of The Bartos Group at Premiere Plus Realty, recently helped a buyer secure a home after starting negotiations $350,000 below ...
Amery, Wisconsin, about an hour from Minneapolis–St. Paul is one of many small cities actively seeking housing and business development. Unlike rural towns that merely express interest in growth, Amery is putting land and incentives directly on the table. The city owns nearly 20 acres of developable land within its limits, fully serviced with water, ...
A house listed for $599,000 in Wayne, New Jersey, recently drew a line of buyers out the door. When offers closed, it sold for over $700,000, more than $100,000 above the asking price. Far from being an outlier, this kind of bidding war has become the norm in northern New Jersey’s residential market. While much ...
You might be drawn in by a stylish kitchen or an attractive price, but subtle warning signs can turn your dream home into a costly mistake. Desiree Rejeili, a Northern Virginia real estate agent with 17 years of experience, says buyers often miss the same critical issues until expensive repairs force them to pay attention. ...
Most buyers are looking for a mountain getaway. Whether as an investment or a personal retreat, focus on the basics: square footage, number of bedrooms, and price per night or per square foot. But after six years spent buying and renovating eight boutique hotels, Blake Dailey, CEO and Founder of StayVest, has found that these ...
Fort Wayne’s real estate market is drawing new attention as buyers look beyond the city’s established neighborhoods for value and growth. Over the past few years, a handful of areas have started to attract more interest – in open houses, in group chats, and in conversations at downtown coffee shops. These are the neighborhoods where ...
If you’re considering Danbury, Connecticut, for buying, building, or investing, the landscape just became more favorable. The city has doubled the size of its downtown zone, streamlined its approval process, and eliminated public hearings for most projects. At the same time, Danbury is investing $20 million in new sidewalks and infrastructure. For buyers, sellers, and ...
Just a year ago, first-time buyers in North Florida faced a punishing market. Bidding wars, waived inspections, and offers above asking price were common, shutting out many who hoped to buy their first home. At the same time, luxury properties sold quickly, often to cash buyers or investors who could close in days. Now, the ...
