Ok, it is not really spring, but the spring NJ Real Estate market has started already. They buyers are out there and guess what, they are buying. I currently have 5 transactions under contract, and am working with more active buyers.
Here is where the problem comes in, there are lots of NJ homes on the market but not very many which are nice, and priced properly.
Today's NJ home buyer is very smart, and they are not about to over pay for a home or buy a home that does not meet most of their needs at a proper price. They will wait for the proper home to come along at a proper fair price.
Many people seem to think that the home buyers out there looking at New Jersey homes are all just low ballers trying to steal someones home from them. Let me assure you that this is not the case. I have not written a low ball offer on any property in the last 6 months. (My definition of a low ball offer is a offer which is 8% or more below the current asking price.)
NJ Homes seem to be in particular demand in towns along the Midtown Direct Train Line such as Madison NJ, Chatham NJ, and Summit NJ. In fact the Summit NJ Real Estate market is particularly strong when compaired to other towns real estate markets in New Jersey. This is especially true when looking at NJ real estate markets which are not on train lines.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment