Wow, my phone has been ringing off the hook since January 2nd with home buyers wanting information about one Midtown Direct train line town or another. The questions keep coming in about towns such as South Orange, Maplewood, to Short Hills, Summit, Chatham, and Madison.
The home buyers are out there shopping early this year. They know what they want, are willing to pay fair market value for it, and they are very home price savvy.
My best advice to anyone wanting to sell their home this spring: It is time to list it for sale right now. The home buyers are out shopping right now, but there are not that many good homes which are properly priced to choose from. If you wait until March or April there will be many many more homes re-listed for sale after not being able to obtain the prices the home owners were looking for last year. Many of these home owners will have figured out that pricing was the issue and substantially reduce their prices from last years asking price. They will be your competition.
Home sales in the Midtown Direct home markets have been much stronger than the rest of the state, but it is still a buyers market, so don’t kid yourself thinking that you will be able to get spring of 2006 prices in 2008, you might be able to get spring of 2006 prices, but you will need to wait until more like 2012.
James Boyer REALTOR, Serving towns along the Midtown Direct Line from South Orange NJ though Short Hills NJ, and on out to Morristown NJ. For a free home pricing evaluation call James at 973-647-0253
Some information in this post is totally the experience of me, James Boyer REALTOR, and other parts of the post are drawn from information learned at Otteau Valuation Group conferences.
2 responses so far ↓
1 Summit Realtor // Jan 30, 2008 at 7:19 pm
I guess you must be doing something right. I have not been that busy. Have been thinking of changing brokers, I know you were with Keller Williams before, what did you think of them. I guess you probably like Remax better since you went there? How long have you been in real estate anyway?
2 Jersey Girl // Jan 31, 2008 at 8:23 am
Wow, Great post. Keep up the great work, I think that I am going to have to get going on this blogging thing. You are doing a great job for the towns you write about. Are you getting any business from doing this in these towns you list, South Orange, Maplewood, to Short Hills, Summit, Chatham, Madison, and Morristown
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