James Boyer's Blog: Chatham NJ Real Estate

There is a dirty little secret that some New Jersey Real Estate listing agents are keeping.  This little secret eventually gets out but usually not until it is to late for the home owner or anyone else to do anything about it.

It all starts with the real estate commission which is negotiated at the time that the home owners sign their listing agreement.  What happens is a decision is made as to how that total commission is to be split.  The normal practice is to split the commission 50/50 between the listing agent and the buyers agent.  Sometimes when the listing agent is trying very hard to bring in a buyer quickly the listing agent will pay out a higher commission to the buyers agent as a incentive to get more showings.  Same thing that many car…

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Since the 2nd of January my phone 973-647-0253 has been ringing constantly with new home buyers wanting information one Midtown Direct town or another.  Even relocating home buyers know that it is more advantageous for future home appreciation to be on the Midtown Direct train line than to be in one of the towns which are not served by the train system.

2008 seems to be starting off much stronger than 2007 ended.  I personally have 5 pending sales as I write this, but here is the rub, I talk with many local REALTORS every day, most of them are seeking feedback from showings I have had with buyers at these real estate agents listings.  They talk about how slow the New Jersey Real Estate market is, and how they just hate to sit another open house at such…

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Florham Park NJ, A suburban town surrounded by other New Jersey suburban towns was the scene of the capture of a rabid raccoon yesterday.  

When most people think of places like Florham Park, Madison, & Chatham they do not think of the many forms of wildlife which abounds in these areas.  Protected from many of their natural enemies the deer florish as well as many other types of animals.

If you want the convenience of being able to be in NYC in 40 minutes or less(Using the Midtown Direct Train Line) but still live in a peaceful area which is closer to nature, where you can see the deer run through your yard from time to time, Come to places like Florham Park, Madison & Chatham.  You will enjoy the natural beauty but also the lower property taxes and…

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So what did I learn about our local real estate markets from the Otteau Valuation Group?  I learned that in New Jersey people are moving back to the train line towns.  So for towns like Madison NJ, Chatham NJ & Summit NJ home prices are holding up quite well. 

While some parts of New Jersey have 12 or more months supply of homes on the market, Madison NJ currently has 4 months supply and Chatham NJ currently has 3 months supply and Summit NJ currently has 4 months supply.  While I assure you it is not a sellers market in these 3 towns, generally you have a even market when you have about 6 or 7 months supply of homes for say in a given town.

With fuel prices remaining high, and commuting times by car ever increasing look for this trend to continue, and…

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Selling a home on a busy street requires a determined seller who emphasizes the positive aspects of the home.  Well-manicured yard with tons of curb appeal?  Check.  Over-sized lot with zoning options for a professional home office? Double Check.  According to many real estate professionals experienced in selling homes on busy streets, those with a double yellow lines painted down the middle, these are just a few ways to attract interest. These positive aspects and others will help you to reach your goal of an Under Contract Sign in your front yard.   There are advantages to having a home on a busy street.  There's more traffic coming by -- more potential buyers are seeing the property daily.   It is important that your Realtor uses a larger more… Read Full Post