Friday, January 29, 2021

Financial Fundamentals for Homebuyers

 

  • When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses.
  • From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning.
  • Reach out to a local real estate professional and a trusted lender today to make sure you have the best possible guidance as you begin your homebuying process.
  Financial Fundamentals for Homebuyers [INFOGRAPHIC] | Keeping Current Matters  

 

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. 

Thursday, January 28, 2021

Exclusive New Construction Condos - Torre Alma in Playa Del Carmen, Mexico

Stunning new construction condos for sale for individuals or investors

Price: $145,500 - 170,730 | Total Sales: $1,815,461


 

 Torre Alma beckons individuals and investors who believe in luxury, design, and the incredible lifestyle that the Riviera Maya offers. The exclusive 5-level tower of modern homes includes two 1-bedroom lofts and 10 2-bedroom apartments, covered parking, elevator, and exclusive roof gardens. Offered by JV Desarrollos, who boast over 18 years of experience in residential condos, individuals and investors alike will appreciate the high capital gains and profitability these units supply. Experience the joys of living here year-round or invest in the ultimate vacation home! 

Just 7 minutes from the beach, this special location lets you can truly enjoy all the amenities and dazzling sights that this oasis offers. Be close to Plaza Las Americas, gyms, shops, convenience stores, and supermarkets. 

Playa Del Carmen is only 30 miles south of Cancun and central to the Riviera Maya. Visit the bluest waters and cenotes, dive incredible barrier reefs, explore ancient ruins and archaeological sites, play 18 holes at world-class courses, feel the thrill of ocean watersports, enjoy the exciting & active nightlife scene, and let it all go at a 5-star boutique spa. Whatever your passions, you're sure to find them here.

Inquiries, contact Smitha Ramchandani +1-973-953-7777 or SmithaR@SRRealEstateGroup.com.  

Building Amenities:

  • Exclusive roof gardens
  • Loft roof gardens include jacuzzis, powder room, grill, and outdoor shower.
  • Common roof garden of 190 sq meters with recreational pool, swimming channel, jacuzzi, pool and barbecue area
  • Security cameras
  • Covered parking with electric gate
 

Sophisticated Homes, the Lifestyle You Deserve

Scroll the photos below!

Torre Alma  

Floor Plans

Scroll the floor plans below!


Torre Alma - Floor Plans  

Prime Location in Playa Del Carmen, Quintana Roo

 

The Riviera Maya Lifestyle

 

JV Desarrollos

 

Inquiries about this property or other opportunities in the JV Desarrollos portfolio, contact Smitha Ramchandani +1-973-953-7777 or SmithaR@SRRealEstateGroup.com.

 

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, January 25, 2021

Exclusive Listing: 1201 Windsor Court, Denville, NJ

 

3 BD, 2.1 BA, 2-Car Garage | Offered at $410,000

Not in the MLS! Call Rahul 973-615-6504 for additional info & to schedule a private showing.

This gracious townhome features a private end unit location with a 1st floor master suite and convenient 1st floor den/office - ideal for working from home! The incredible floor plan features cathedral ceilings and open living & dining rooms idea for entertaining and comfortable everyday living. The sunny eat-in kitchen features granite counter tops, a breakfast nook, and pantry. Granite counter tops feature in the master bath as well. 2 spacious bedrooms on the 2nd floor with another full bath. The home also includes a private patio so you can get outside and enjoy the sunshine. Laundry in-unit plus an attached 2-car garage.

Conveniently located just 2 miles to the Dover train station for the train to New York City, and 1 mile to the Lakeland Bus Lines bus stop. Only minutes to shopping along Rts. 10 and 46 with quick access to I-287 and 80. Excellent Denville school system.

Monthly Maintenance: $345/month

Amenities: Playground, Outdoor Pool

Taxes: $9199 approx. (2020)

Year built: 1995 approx.

Scroll the photos below and contact us for a private tour! Rahul 973-615-6504


1201 Windsor Ct

Saturday, January 23, 2021

U.S. Existing-Home Sales Reach Highest Level in 14 Years

  PHOTO: TANNEN MAURY/EPA/SHUTTERSTOCK | A home for sale in Round Lake Heights, Ill., this week.

Ultralow interest rates and remote work during the coronavirus pandemic spurred demand

Written by Nicole Friedman for WSJ.com
U.S. home sales in 2020 surged to their highest level in 14 years, fueled by ultralow interest rates and a pandemic that sent buyers scrambling for more spacious homes to accommodate remote work. 

Robust home sales in the second half of the year surprised many economists while offering a rare bright spot for an economy run aground by closed businesses and mounting job losses during the Covid-19 pandemic

Pandemic-driven job losses were concentrated in lower-paying industries, while households with higher pay and the resources to buy a new home weathered the downturn better. The pandemic prompted many of them to leave big cities for suburbs or smaller towns, while record-low borrowing rates made the decision to trade up easier. Once shelter-in-place restrictions eased, sales took off in June and have rarely flagged since then. 

“It’s totally because of the pandemic,” said Brittany McCreary, who with her husband last month bought their first home, a four-bedroom stone farmhouse, in York, Pa., after leaving the Chicago area. “We’re glad we’re not renting anymore. We always wanted to buy.” 

Existing-home sales rose 0.7% in December from November to a seasonally adjusted annual rate of 6.76 million, the National Association of Realtors said Friday. The December sales marked a 22% increase from a year earlier. 

Strong house-buying demand is expected to continue this year, economists say, spurring more economic activity like home construction and sales of furniture and home goods. But a shortage of houses for sale is pushing home prices higher, making it costlier for renters trying to enter homeownership. 

“Homeowners are smiling, because they are seeing price increases,” said Lawrence Yun, NAR’s chief economist. “The frustration is coming from the first-time buyers.” 

Existing-home sales, which make up the bulk of the housing market, totaled 5.64 million in 2020, up 5.6% from 2019 and the highest level since the 2006 pace of 6.48 million, NAR said. 

Economists say today’s housing market is less risky than during that boom 14 years ago. Mortgage lending standards are tighter, and the supply of homes on the market is lower relative to demand. Many homeowners facing financial difficulties can also take advantage of current policies allowing them to skip monthly payments and make them up later

PHOTO: GINNIE RUDISILL | Brittany and Spencer McCreary bought their first home, a four-bedroom stone farmhouse, in York, Pa., in December.

The housing market was poised for a strong year in early 2020, as interest rates fell and the large millennial generation continued to age into its prime homebuying years. Home sales then plunged in the spring due to widespread shelter-in-place restrictions, before quickly rebounding in the summer and fall. 

“The real important driver has been the record low level of mortgage rates...which really enhanced affordability for home buyers,” said Frank Nothaft, chief economist at housing-data provider CoreLogic Inc

For the week ended Thursday, the average rate on a 30-year fixed rate mortgage was 2.77%, down from 3.6% a year earlier, said Freddie Mac

While demand has climbed, supply remains tight. Sellers remain wary of listing their homes for sale, partly due to concerns about virus transmission, real-estate agents say. 

There were 1.07 million homes for sale at the end of December, down 23% from December 2019, according to NAR. At the current sales pace, there was a 1.9-month supply of homes on the market at the end of December, a record low. 

That inventory crunch has spurred new-home construction. Housing starts, a measure of U.S. home-building, rose 5.8% in December from November to the highest seasonally adjusted annual rate since 2006, the Commerce Department said Thursday. Home builder confidence in the single-family housing market rose to record highs in the second half of last year, too. 

The median existing-home price rose 12.9% in December from a year earlier to $309,800, near the record $313,000 reached in October, NAR said. For the year overall, the median price rose 9% to $296,500. 

Still, the housing market’s momentum is expected to continue as mortgage rates remain low. Increased vaccination rates could prompt more sellers to enter the market later this year. 

“There’s still demand that’s not being met,” said Doug Duncan, chief economist for Fannie Mae. 

For the full year, existing-home sales rose the most in the South, at 7%, and in the Midwest, at 6.4%. The South also posted the biggest year-over-year gain in 2019. 

In Charlotte, N.C., demand is robust from buyers moving from other states seeking a cheaper cost of living, said Wendy Dickinson of Coldwell Banker. First-time buyers are also eager to take advantage of the low rates, she said. 

“When houses hit the market here, it’s very, very typical for them to go into multiple offers immediately,” she said. 

News Corp, owner of The Wall Street Journal, also operates Realtor.com under license from NAR.
Appeared in the January 23, 2021, print edition as 'Pandemic Fueled a Rush to Buy Homes In 2020.' | Updated Jan. 22, 2021 4:13 pm ET

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, January 6, 2021

Morris Essex Women to Watch: Smitha Ramchandani

 

  

Smitha was recently featured in Morris Essex Magazine as one of their Women to Watch! It is such a thrill and honor, and we're happy to share the article with our friends, family, and supporters.

 

Women to Watch: Smitha Ramchandani

Morris Essex Magazine

Original article here.
Fearless from the start and driven by passion, Smitha Ramchandani is the embodiment of the American dream. Her entrepreneurial journey across cultures and continents has provided Smitha with an education that no Ivy-league MBA program can teach. 

 Helming jointly one of the area’s consistently top selling teams in the Northern NJ area with her husband Rahul, Smitha offers a high-touch approach that delivers seamless real estate transactions for all her clientele. Licensed in NJ, NY and CA, their team offers unparalleled global reach, local market expertise, and most importantly a work ethic and mission that have made her a trusted specialist. Real Trends ranked her team as one of the Best Real Estate Teams in NJ. 

 Regularly spotlighted in the media, and in-demand as an international speaker, she has been featured in Forbes, Wall Street Journal, Daily Record, Business Insider, NJ.com, Real Estate Business Magazine, and more. She is on the Board of Directors of the Asian RE Association and FIABCI. She also believes in making a difference and fundraises to fight breast cancer. Smitha is so excited to be squarely centered in one of the most exciting Real Estate markets New Jersey has ever seen. Smitha is truly a woman to watch.  

   

 

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. 

Monday, January 4, 2021

Exclusive Listing: 114 Arrowgate Drive, Randolph

 

3 BD, 2.1 BA, 2-Car Garage | Offered at $400,000

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

This bright spacious townhome is a standalone unit - great privacy with no shared walls with neighbors! Located in a beautiful community with pool, tennis courts, and playground, just 10 mins to the train station with quick access to Rts. 10 and 46. Ideal for commuters plus tons of shopping, dining, and recreation nearby. Inside the 1st floor features generous spaces for entertaining and everyday living. Big living, dining, and family rooms with wood floors, a marble-surround fireplace, an upgraded eat-in kitchen, and a deck for enjoying the outdoors. Upstairs are three comfortable bedrooms with a master suite boasting a jetted tub and walk-in closet. Meanwhile, the finished walkout basement offers even more space to work, study, or play.

Scroll the photos below and contact us for a private tour! Smitha 973-953-7777

114 Arrowgate Dr


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