Tuesday, November 24, 2020

Exclusive Listing: 301 Grove Street, Clifton

 

 

5 BD, 2.2 BA, 2-Car Garage | Offered at $548,500

Not in the MLS! Call Smitha 973-953-7777 for additional info & to schedule a private showing.

Pics coming soon! A true treasure, this gracious home offers gorgeous skyline views of NYC. Just watch it sparkle at night! It also comes with sizeable private outdoor space via the large deck and backyard. Conventiently located near shopping, dining, and schools with quick access to Rts. 46, 3, and the Garden State Pkwy. Only 1.5 miles the Clifton train station, 1 mile to the bus - ideal for commuters! Inside you'll find lovely ceramic tile floors, an oak eat-in kitchen, 3 spacious bedrooms on the 2nd floor, and 2 bedrooms or dens on the 3rd, and a great finished basement. Wonderful Jacuzzi tub in the master bath! Most windows are newer - only 3 years old! Newer kitchen appliances (2016), roof (2012), and central A/C (2009). Detached oversize 2-car garage plus lots of driveway parking including a circular drive for easy entry/exit. You don't want to miss this home!

New photos coming soon! Contact us for a private tour! Smitha 973-953-7777

 


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

Exclusive Listing: 142 Arrowgate Drive, Randolph

142 Arrowgate Dr

 

3 BD, 2.1 BA, 2-Car Garage | Offered at $380,000


Not in the MLS! Call Smitha 973-953-7777 for additional info & to schedule a private showing.


Pics coming soon!
Bright & spacious end unit in the beautiful Arrowgate community with wood floors, 2-car garage, and a finished basement. The Ashton floor plan offers plenty of open, versatile living space. The first floor includes connected living & dining rooms, a family room with gas fireplace that's open to the eat-in kitchen, and a deck/private outdoor space. The 2nd floor features 3 spacious bedrooms, 2 full baths including an en suite master bath with a large soaking tub. Meanwhile the finished basement rec room is ideal for a home office or flex space. Community amenities: tennis, outdoor pool, playground.

Photos coming soon! Contact us for a private tour! Smitha 973-953-7777



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, November 18, 2020

Homes for Sale Are Rapidly Disappearing

 

 
Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:

“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is sending buyers to the market in a flurry.” 

However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently said

“There is no shortage of hopeful, potential buyers, but inventory is historically low.” 

In addition, Danielle Hale, Chief Economist for realtor.com, notes

“Fewer new sellers coming to market while a greater than usual number of buyers continue to search for a home causes inventory to continue to evaporate.” 

One major indicator the industry uses to measure housing supply is the months’ supply of inventory. According to NAR

“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.” 

Historically, six months of supply is considered a normal real estate market. Going into the pandemic, inventory was already well below this mark. As the year progressed, the supply has was reduced even further. Here is a graph showing this measurement over the last year:

   


What does this mean if you’re a buyer?


Be patient during your home search. It may take time to find a home you love. Once you do, be ready to move forward quickly. Get pre-approved for a mortgage, be prepared to make a competitive offer from the start, and understand how the shortage in inventory has led to more bidding wars. Calculate just how far you’re willing to go to secure a home if you truly love it.


What does this mean if you’re a seller?


Realize that, in some ways, you’re in the driver’s seat. When there’s a shortage of an item at the same time there’s a strong demand for it, the seller is in a good position to negotiate. Whether it’s the price, moving date, possible repairs, or anything else, you’ll be able to ask for more from a potential purchaser at a time like this – especially if you have multiple interested buyers. Do not be unreasonable, but understand you probably have the upper hand.


Bottom Line


The housing market will remain strong throughout the winter and heading into the spring. Know what that means for you, whether you’re buying, selling, or doing both.


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, November 12, 2020

Exclusive Listing: 13D Leva Drive, Morristown

 

2 BD, 2 BA, 2-Car Garage | Offered at $429,000

Not in the MLS! Call Smitha 973-953-7777 for additional info & to schedule a private showing.


New pics coming soon!
Updates nearly completed on this stunning one-floor condo in James Street Commons, Morris Twp! Gorgeous new kitchen and baths with all new cabinets, fixtures, appliances, and finishes. Fresh paint and new floors, plus a private balcony and extra storage closet. Master suite features a bay window and walk-in closet. Comes with 2 assigned parking spaces in the underground parking garage with elevators to each floor. Minutes to Downtown Morristown, the train to NYC, with easy access to 287. Convenience, style, and comfort at your fingertips!

 

Scroll through the pictures below. New photos coming soon! Contact us for a private tour! Smitha 973-953-7777

13D Leva Dr (2)


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. 

Wednesday, November 11, 2020

VA Home Loans: Helping Heroes Find a Home

 

  

Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their own homes. 

 As we consider the full impact of VA home loans, it’s important to both understand these great options for Veterans and to share them with those we know who may be able to benefit most. For a variety of different reasons, many Veterans don’t use their VA home loan options, so being knowledgeable about what’s available and how they work may be a game-changer for many.

 

Facts about 2019 VA Home Loans (most current data):

  • 624,546 home loans were guaranteed by the Veterans Administration.
  • 306,879 VA home loans were made without a down payment.
  • 2,055 grants totaling $118 million were provided to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs.

VA Home Loans Often Offer:

  • No down payment options as long as the sales price isn’t higher than the home’s appraised value.
  • Better terms and interest rates than loans from other lenders.
  • Fewer closing costs, which may be paid by the seller.

Bottom Line

One way to celebrate Veterans Day is to share this information with those who can potentially benefit from these loan options. For more information, contact a local real estate professional who can assist you in the process. Veterans, we thank you for your service.


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. 

Friday, November 6, 2020

Should I Renovate My House Before I Sell It?

 

  • In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.
  • With so few houses available for sale today, you may be able to skip the bigger renovations before you sell and cash in on the current demand for your house.

 


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