Saturday, February 23, 2019

DID YOU KNOW? Existing-home sales ran at a 4.94 million seasonally-adjusted annual rate in January

💡DID YOU KNOW? Existing-home sales ran at a 4.94 million seasonally-adjusted annual rate in January, lower - by 1.2% - than the 3-year low they hit in December. They were 8.5% lower than a year ago. Inventory is a major cause: at the current pace of sales, it would take 3.9 months to exhaust the available supply. First-time buyers made up only 29% of all transactions during the month, well below their long-term average 40% share, speaking again to affordability. Sales increased by 2.9% in the Northeast, but down 2.5% in the Midwest, 1.0% in the South, and 2.9% in the West. (Marketwatch)

With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Wednesday, February 20, 2019

Fireplace Mantels: 7 Questions & Trends









credit: Bjorn Wallander



Fireplace mantels are taking center stage more and more in modern homes. Previously they primarily housed candles that never got lit, photos, and seasonal décor but we're seeing an increase of thoughtful décor that not only makes the fireplace area shine but also elevates the rest of the room. Here are some common questions & trends we've seen:


1. What's the difference between an English mantel and a French mantel?

French mantles tend to be lower and more ornate, often in heavier materials like marble or stone, and more heavy duty architecturally. English mantles tend to be higher and made of wood and sometimes offer modern, clean lines.

With either type, fireplaces definitely have become statement pieces by themselves. They show off a kind of lifestyle with either sophistication, romance, or coziness and offer an area for homeowners to showcase their sense of style.

source: remodelista.com



2. Non-Traditional Lighting

One lighting trend that keeps cropping up is lighting on the floor or hearth rather than on the mantle, specifically 2 symmetrical spotlights that point directly upward at the fireplace surround. It creates a dramatic effect and highlights beautiful materials or architecture.

Another option with a twist is candle holders in less conventional spots like the fireplace screen or hearth, mimicking the light and ambiance of a fire.

If there’s artwork on or above the mantle, spotlights can be used to highlight the artwork. It is usually best if the artwork is tall and the lights fade up to the ceiling. Overhead artwork lighting can look stuffy and too harsh.

Generally avoid lamps and seasonal lighting and definitely avoid the clash of harsh white light. This area should employ softer, cozier yellow light.

source: homebunch.com

3. Are mirrors and TVs hanging above a mantel sort of dull or expected at this point?

Mirrors still have their place above mantles but they easily look outdated. They still work well with extra high ceilings, statement fireplaces, and low mantles where the mirror is tall and draws the eye upward.

TVs are still a favorite over the mantle but we’re fans of décor that adds texture and interest and shows that the TV is not the focus of the room. One trend we love is the look of horizontal wood planks from hearth to ceiling on the fireplace. It’s eye-catching without being too distracting and allows for other décor to shine on the mantle.

4. Do people still use the Rule of Three?

This infamous rule is less in fashion now unless the three items are complementary statement pieces. Think an ornate clock flanked on either side by pieces of art. The rule of three often suggests a rigid formality which is less common in today’s homes.

5. What about safety?

source: indulgy.com
Kids and pets are important to consider if the mantle items are within reach, but if the mantle is out of reach, there’s no limit to the fragility and creativity of the mantel décor! Heavy objects, objets d’art, glass, and artwork all can look fantastic on a mantle, anchoring the visuals or lifting them up. If you are worried about things being knocked off, check out the various mounting solutions sold at any local hardware store (e.g. screw mounts, plates, velcro, hooks, small straps, etc.).

6. Symmetrical vs organic?

This really depends on the style of the fireplace and of the room as long as it looks intentional and thoughtful (i.e. not messy and haphazard). The fireplace is usually the room’s focal point and can be a great place to add contrast. If your room has a lot of symmetry, try a more organic design on the mantle. If your room is more relaxed and organically decorated, try a symmetry over the mantle with décor or sconces or artwork.



source: annechessindesigns.com
7. What do people put on mantels these days?

Today’s mantles are often more decorative than sentimental. Family photos tend to be hung on walls and placed on tables, shelves, and desks leaving the mantel free for creativity and expression. It’s more on trend to use bold, simple mantel décor rather than numerous small items which can look cluttered and unfocused.





With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Relocating To or From New Jersey? Don't Let Your Relo Company Make This Important Choice for You

Are you Relocating? You have a choice!


As a seller or buyer, you have the right to pick a Realtor of your choice. Don’t let your relocation company force you to use their preferred agent. That agent may not be the best fit for your situation, and that agent might be motivated by the relo company's interests over yours. Instead choose an independent real estate agent. We work with many relocation companies, and as a member of both the Realogy and Sotheby’s International Realty® networks, our offices at Prominent Properties Sotheby’s International Realty offer a broad range of customized relocation services including:
  • Pre-marketing and inventory assistance
  • Fresh and easy to use local website
  • Custom Market Analysis Reports
  • Area overview tours
  • Home finding services  👋
  • School and Community information



Where We Are


The Sotheby’s International Realty network currently has more than 22,000 independent sales associates located in approximately 960 offices in more than 72 countries and territories worldwide, speaking over 48 languages, and places over 7,500 referrals every year! Our Northern and Central New Jersey relocation team exceeds 600 licensed professionals and staff working out of 13 offices including nearby locations such as Montville. Our team has over 20 years of helping relocation sellers and buyers!


Relocation Partnerships


Relocating through a relocation company? Here are just some of the relocation companies we work with:

ADP
Aires
Altair
CapRelo
Cornerstone
Graebel
Home Services Relocation
Lexicon
MSI
NEI Global Relocation
Plus Relocation
Relocation Today
SIRVA

Contact us today to find out how we can reduce the stress and pain of relocation! We'll get you where you need to go.



With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Saturday, February 9, 2019

The affluent are increasingly renting and how renting is so expensive in the long run


This article below is Good News for Real Estate Investors and also it makes the case that you should own your home rather than rent in the long term to build wealth.

DID YOU KNOW? The affluent are increasingly renting, according to multiple studies. Renters earning $150,000 or more per year were the fastest-growing group of renters. Between 2007 and 2017, top-earning renters increased by 175%, while homeowners within the same income bracket exhibited a 67% growth rate. Out of the 43.3 million renters nationwide, 2.1 million are top earners according to the latest available U.S. Census data. Back in 2007, there were only 774,000 high-income renters. Since 2008, the average size of a newly-built rental apartment has shrunk by 52 square feet, or 5%, to 941 square feet. Apartments have become much more expensive to rent — the average price has risen 28% over the last 10 years to $1,944. That equates to $700,000 over a 30 year period if rent prices stay the same.....$1,944 per month jumps to over $2,600/month simply applying 1% inflation rent hikes annually.....or $815,000. With nothing to show for it - zero equity - at the end of the day. (Marketwatch)

With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Thursday, February 7, 2019

Interior Design Trends for 2019

As real estate agents we look at so many homes each year that we get a clear sense of what's popular with homeowners. Let’s look at a few of the top design trends agents are noting for 2019:

  • Open Floor Plans: Homeowners are enjoying open spaces where the kitchen is the heart of the home and opens up to the family and dining rooms where they can entertain. Remodels now include knocking down walls and moving cabinets to enlarge these areas.


  • Subway & Moroccan Tiles: We’re seeing many subway tile and Moroccan tile backsplashes in kitchens, especially from counter-top-to-ceiling for a bold visual statement. Subway tiles are appearing in interesting patterns such as chevron or herringbone while Moroccan tiles are also cropping up in bathroom floors.
  • Brass & Copper Accents: From lighting fixtures to faucets to cabinet handles to range hoods, brass and copper are being mixed into traditional styles to add edge or warmth.


  • Bring the Outside In: Homes are using more and more glass like walls of windows, skylights, and glass doors. Whether entertaining or just having a glass of wine, glass is being used to bring the outdoors inside and take advantage of scenic views.
  • Lighter Wood Floors: Homeowners are choosing lighter wood floors, sometimes with a shade of gray or brown in them, and they’re using them increasingly in kitchens and foyers.
  • Gray & Teal: Gray continues to be wildly popular on walls and cabinets, and we’re noting a variety of shades & hues from pale bluish grays to deep charcoals. A fun addition we’re also seeing is the teal accent wall or teal island.
  • 1st Floor Bedroom/Office: Many homeowners are converting bedrooms to office spaces as more people work from home. Making spaces multitask is increasingly in demand.
Every home should be an extension of its owner with a style that makes homeowners feel happy and inspired. We hope these trends give you some ideas for your own homes!


With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. 

Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

How Sotheby’s International Realty innovative real estate marketing works for our clients.

When your home is represented by the Sotheby's International Realty® brand it benefits from the worldwide recognition and prestige of the Sotheby's name and gains exclusive access to highly qualified global clientele. See below how the Sotheby's International Realty brand is successfully connecting homes with buyers worldwide. See the latest Innovations that Sothebys International Realty bring to Real Estate Sales and Marketing.



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With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.



Tuesday, February 5, 2019

Parsippany Named Best Place In NJ To Live By Money Magazine

Money Magazine recently rated Parsippany as one of the best places to live in the country. They ranked Parsippany #26 in the 2018 Best Places to Live. Only two New Jersey towns made the list of Top 50 places. The first was Parsippany at #26 and the next was Union at #43.
We already know Parsippany is a great places to live due to it's great location in Northern New Jersey, the Excellent schools and the commuting options to New York City.  It is also has easy access to Newark International Airport and many major highways like Rt 46, Rt 80, Rt 280, Rt 10, Rt 24 etc. You can read the full Money magazine article here.
If you are thinking of moving to Parsippany there please see Available Homes for Sale in Parsippany, Available Townhomes and Condos in Parsippany.
Also check out the following popular Townhome and Single Family Communities in Parsippany, New Jersey:

With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Monday, February 4, 2019

Rates for home loans ticked up slightly, but look set to fall in the coming weeks

💡DID YOU KNOW? Rates for home loans ticked up slightly, but look set to fall in the coming weeks as investors gird for a slower-growth economy. The 30-year fixed-rate mortgage averaged 4.46% in the January 31 week, up just one basis point compared to the prior week, and marked the first time in 2019 that the popular product had charted an increase. The 15-year fixed-rate mortgage averaged 3.89%, also up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.96%, up from 3.90%.

With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com

Friday, February 1, 2019

Market Absorption Rates for the month of January 2019 for towns in Morris, Union and Essex County, New Jersey

Residential Real Estate Market Absorption Rates for the month of January 2019 for towns in Morris, Union and Essex County, New Jersey

Note: The Absorption Rate in a Normal Market is 5-6 months. In a Sellers Market it is 1-5 months. In a Buyer's Market it is 6+ months.


With their Multi-Cultural Background, over 35 years of combined experience selling Real Estate and because they are Licensed in New Jersey, New York and California, Rahul, Smitha and their team can offer global reach. They have lots of experience representing a diverse group of clients, from Local New Jersey Buyers & Sellers to Relocation and International/Foreign Buyers, Sellers and Investors. Rahul and Smitha are exceptionally well-respected Realtors in the industry with high ethical standards and GLOWING REVIEWS. Their team offers a high level of expertise, innovative technology and cutting-edge real estate marketing and sales solutions.  They specialize in Morris, Somerset, Essex and Union counties.
www.SRRealEstateGroup.com | www.Morris-Homes.com | www.TheTownhouseExpert.com