By: Meghan Carroll I read this article on how much closing costs typically are by state and thought I would use this infographic to expand on the topic of closing costs. One question I am asked often is “What (or how much) are closing costs?” If you are not a seasoned buyer or seller, this […]
By: Melissa Dittmann Tracey | From the National Association of Realtors Home buyers often focus on saving for a down payment, forgetting that they must budget for closing costs, too. And those fees can add up: The average closing costs in the U.S. are $4,243, according to a new study from Assurance IQ, an insurance […]
📈Let’s compare how the real estate market performed in October 2023 compared to October 2022 in Monmouth and Ocean counties. 📉Monmouth County single family home sales saw a slight dip in price compared to last October, whereas condos saw a larger jump in price. Ocean County had significant jumps in pricing in both categories. Inventory […]
From PennyMac What Is a Home Appraisal and Why Is It Important? A home appraisal is an unbiased report on the value of your home performed by a trained and state-licensed individual. Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and […]
📈Let’s compare how the real estate market performed in September 2023 compared to September 2022 in Monmouth and Ocean counties. 📉Ocean County single family homes and Monmouth County homes saw a larger jump in the increased price compared to September 2022. About a quarter of homes sold were cash deals, where with condos 30-48% of […]
📈Let’s compare how the real estate market performed in July 2023 compared to July 2022 in Monmouth and Ocean counties. 📉Compared to last July, there was an almost 20% decrease in closed sales. There was a slight increase in the median price point, just under 1%. Inventory was also down around 20% as well. All […]
It is a seller’s dream situation: you put your house on the market and receive multiple offers. While you might think the highest priced offer is naturally the best, that is not always the case. Learn how to evaluate real estate offers from home buyers so you can accept the offer that makes the most […]
📈Let’s compare how the real estate market performed in June 2023 compared to June 2022 in Monmouth and Ocean counties. 📉Compared to June 2022, both counties saw a 15.8% decrease in sales and a slight increase in median sale price. Inventory still remains low. 📊Check out the infographics I created based on the information supplied […]
Written By: REBAC Staff – Real Estate Buyer’s Agent Council 1. What’s a French drain? A French drain is an underground trench that collects and redirects water. The trench is filled with a perforated pipe, often wrapped in water-permeable fabric and suspended within several layers of stone. French drains go by several other names, including […]
Guest Post by: Joaquin Miranda from Homelight The real estate market has gone from one extreme to the next. A few years ago, strong seller’s markets across the nation sent everyone into a buying frenzy. This buying frenzy was so intense that the Fed had to incorporate high interest rates to slow it down. From […]
As a homeowner, knowing the value of your home will help prepare you to buy, sell, or refinance your home. It can also provide a picture of your overall financial health. The factors that determine the value of your home are as diverse and individualized as the homes themselves. In addition, those same factors may […]
📈Let’s compare how the real estate market performed in May 2023 compared to May 2022 in Monmouth and Ocean counties. 📉Record low levels of inventory continue to make Monmouth and Ocean County’s a seller’s market. Despite the fact that interest rates are hovering close to 7% (close to 2% higher than this time last year), […]
By: REBAC Staff Electricity is so readily available that it’s easy to take for granted. That is until you lose power. Brief outages are minor inconveniences, but longer power interruptions can trigger pressing concerns like “How will we stay warm?” or “How can I prevent our frozen and refrigerated food from spoiling?” Even though the […]
Image: Pexels Mastering Technology for Rental Property Owners Guest Post by: Jim McKinley As a rental property owner, you want to make sure your business is profitable and running smoothly. To do this, you must stay up-to-date on the latest technologies that can help you increase profits and manage your property more efficiently. In this […]
