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 Well, we as leave an eventful 2008 that was filled with breakdowns, bailouts and the bear chasing the bull out of town, keep in mind - this too shall pass.
To be honest, as an area we did prove more resilient than many others. Our local banks have not disappeared into the night. In fact, several of them have reported not even one foreclosure. Why? Nothing amazingly clever, just making sure that the borrower has a job, an income that is accurate and an appraisal that is not based on speculative future value. Despite what many large newspapers would have you believe, this area cannot be compared to national averages and statistics. While, of course, we are impacted by the national economy and the global meltdowns, we are very much a local market. In fact a much sought after area , due in large part to our proximity to Manhattan, ease of commute, good schools and the pure beauty of Monmouth County. I have compiled market reports for local towns, which are available here. These are updated to the end of November and will be updated within a day or so.so keep checking back. View your town here.
All this does not mean that it has not been a tough year for some. Those people who lost their jobs, or a large part of their stock portfolio find it hard to take comfort in the fact that that our real estate market average has fared better than many other areas. Economic downturns also create stress in the home, contributing to more divorce.
In my 23 years in real estate, I have worked with many such clients and know that stress can compromise decision making. I can GUARANTEE that your property will sell, if you listen and take my advice. Too often, a client on a knee jerk reactions stops listening to good advice and grabs at straws that invariably cost them time and money. I am only as good as my client will allow. I have seen clients completely ignore sound advice and judgment then make mistakes that I know will result in a mess. It is as painful to watch as it is for the client to experience.
If the added pressure takes on a toll on the marriage and it becomes a divorce issue, a client's hearing can often get impaired - blocked by the loud sound of additional emotional stress.
In my experience, a lot of money is wasted that could be netted out of the equity in the property by expecting the divorce attorney's to do the realtor's job. I have been referred by many divorce attorneys, and even judges in court ordered cases, to help with this situation, as it can quickly become out of hand. An experienced, calm and professional realtor is needed. Sometimes one spouse may not want to sell the home, despite it not being financially possible to keep it. A swift sale with both parties to move on with their lives is cheaper and and far less stressful than fighting over an asset that has become a symbol of the conflict, rather than an comingled asset.The buying public will smell the distress quickly and that will impact the value in a negative way. For divorce attorney and divorce mediation professionals, or for a market analysis please email me at carolynn@resourcesrealestate.com for a completely confidential appointment. On the Brighter side.................
I personally think that we will see an increase in home sales in 2009, driven by lowered real estate prices, low interest rates and pent up demand from the last few years. So, if you are thinking of selling take heart, listen to good real estate advice and take the plunge. If buying - the opportunity has never been better for all of the above reasons. Close your eyes take a breath and jump.... Come on in the water is fine.
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RESOURCES Real Estate 112 East River Rd
Rumson, New Jersey 07760
732-212-0440 |
My Blog  Regards, Carolynn |
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