Job Opportunities trigger Short Sales

Real Estate Agent - Keller Williams Towne Square Realty
Job Opportunities trigger Short Sales
While driving around Long Valley this morning, it's hard not to notice that the buds on the trees are ready to pop!   If you think that you'll be selling your home within the next year or so, consider taking seasonal pictures of your home and property. There's one opportunity each year to get the...
  Be Careful Of This Blast From The Past   Lately, The Holmquist Team members have been noticing some advertisements for mortgages that make us feel like we’re back in the early 2000s.  I’m referring to the so-called hybrid loans that promise a very low fixed mortgage rate for a few years, and th...
 Holiday decorations done right can help sell a home all year around. But experts say that decorating for the holidays when your home is on the market can be tricky. “Many people feel their homes are at their warmest and most welcoming when the Thanksgiving table is set and awaiting the turkey, o...
As if deciding whether or not to list your house isn’t enough of a challenge these days, the decision brings with it a second question that we’re often asked: Should a seller fix up his or her home before selling it, or leave it as is?   It’s not an easy question to answer. It’s a decision to be ...
Short Sale Seminar Information for November 14th, 7pm at the Lamplighter Restaurant in Chester.  Please pass it along to anyone you know who may be in this situation.  Please RSVP via the information on the photo.  Thanks very much in
People sell their homes for a variety of reasons. Among the toughest situations is the person who is behind or struggling with payments because of job loss, divorce or other problems. While the popular wisdom is that people can just abandon a home, walking away will lead to a foreclosure that sp...
Although we keep hearing about the glut of homes on the market, there is actually a shortage of homes available in Northern NJ. That means that if you’ve been thinking of selling, this is a good time to list your home.   There were about 100 homes listed but unsold in the Chesters as of the end o...
This is the time of year when people are thinking about starting school and getting ready for the holidays. But the holiday season also marks the end of the home-buying season. Traditionally, that season runs from around the beginning of March until the end of October. These, however, are not tr...
The recent announcement that home sales were again down across the country and across New Jersey may not have been a surprise, but it has had a few people who have asked me if having their home on the market is the right thing to do.  I don’t even hesitate when I answer: It’s the best time to be...

Kelly Holmquist

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Job opportunities beckoning from a distance are exciting, but in this house market, those selling a home consider their likelihood of success a major part of the decision whether or not to pursue one of those opportunities. An experienced Realtor can help you make that decision. Recent figures released by the Otteau Valuation Group show some improvement in the real estate market since last year in Morris County. For instance, last month, there were 483 homes sold in Morris County. A year ago, there were only 439 homes sold during May. Inventory is lower and there are fewer sellers for each buyer. Those statistics don’t mean much if you’re living in a home you purchased at the top of the market that will never sell for a high enough sum to off the mortgage. That can mean a quick end to pursuing a dream job out of town. That was the situation for Kathy and Bruce, who have a business and a home in Succasunna. They have a terrific opportunity waiting for them in Derby, Kan. The couple knows they can’t sell their home for what they paid for it, and they are considering working with The Holmquist Team and attorney Marty Egan to use a short sell to sell their home. “We have questions about the effect on our credit scores,” said Bruce, who will be meeting with us to discuss such issues. The key for people like Kathy and Bruce is to find a Realtor and an attorney that they trust. They need advice from both, working as a team on your behalf, to decide whether they can sell their home through aggressive marketing, keep and rent the home, sell the home through a short sale or pursue another alternative. All signs seem to be pointing to an economy that is slowly beginning to improve. That can mean the creation of new opportunities. If you’re thinking about pursuing them, if you want to get out from under an oppressive mortgage, or if you need to sell your home for any other reason, work a Realtor to determine if selling your home will be a challenge. For instance, if you purchased your home 30 years ago, you don’t have a mortgage and you want to sell it and move to an active-adult community somewhere, your home needs a relatively simple but professional marketing program by a Realtor who understands the current market. But if your home is “under water,” meaning it isn’t worth what you owe on it, you may face special challenges, even if you are current with your mortgage. That’s when you need a Realtor and an attorney with extensive experience with distressed properties. With interest rates low and the market coming to life, now really is the time to put your home on the market. If you need help determining how best to do that, please give us a call.