Burlington Township Homes And More

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Are Houses Selling In Burlington County New Jersey in 2009???

home soldQuestion:  Are Homes Selling In Burlington County, NJ in 2009?

Answer: YES!!!  I have seen a number of homes sell  in December 2008 and others that will sell early in 2009.  In some areas, activity has picked up. Especially in Burlington Township, Mount Laurel and Evesham

 

Question:  Is now the right time for me to buy to buy a home in Burlington County, NJ?

Answer: Maybe.......Maybe Not.  I always tell my clients that there is no one universal answer that fits everyone.  Each person's situation is different.  As a Realtor & Real Estate Consultant, the last thing I want to know is how many bedrooms and bathrooms are you looking for.  I have to take time to get to know you. I need to know about your life and your lifestyle.  I need to get to know YOU, Your FAMILY, YOUR LIKES and dislikes.   Why should I waste your time?  Time is valuable....both yours and mine.

 

Question:  Is now the right time for me to sell my Burlington County, NJ Home?

Answer:  Maybe......maybe not.  

Just like the buyers I mentioned above, it all depends on your personal situation.  I probably have turned down more listings than any other Realtor in Burlington County.  When we discuss whether now is the time to sell your home, I spend time getting to the real reason you are looking to sell  your home.  What are you looking to accomplish after you sell your home.  In most cases, the reason for selling has nothing to do with money.  Once we determine the real reason for selling, we discuss what you can reasonably expect to sell your home for in this market.  If that selling price will help you meet your goals, we move on to listing the house.  If it does not, I will suggest that now is NOT the best time to sell your home.  

I am a real estate consultant, I spend time getting to know your needs before I ever discuss how many bedrooms and bathrooms you want in your new home or how much you want to sell your home for.  The first thing I tell you is "there are thousands of agents who can help you buy or sell you a house, but only one that can help you find your home". You see, if I don't find out what's really important to you, I will NEVER be able to find your home. After we have spent some time talking and I get to know you and get to know what is most important to you (not necessarily related to real estate), then we can get down to finding your new home or selling your old house.  As a real estate consultant, I don't help clients buy and sell houses; I make their dreams come true. 

If you are interested to see how I can make YOUR dreams come true, text, email or call me at YOUR convenience.  I am here to help you.

Make This Year Your Best Ever,


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

 

Just Sold: 230 Amherst, Pemberton, NJ 08068

Just Sold

230 Amherst Drive, Pemberton, NJ 08068

$209,000 - $5,000 Seller Assistance

 

SPECIAL HOME LOAN FINANCING AVAILALE WITH LOW DOWN PAYMENT FOR QUALIFIED BUYERS.

This home is also eligible for the NJ 1st Time Home Buyers program, with a low interest rate and no points for qualified buyers. Preview this wonderful Lake Valley home today. This beautiful Bi-Level sits on a large 74 x 124 lot. There is plenty of room to entertain in either the large yard or on the second story deck. This home features 4 bedrooms and 1 1/2 bathrooms. The home has been lovingly upgraded with hardwood floors, ceramic tile floors, oak cabinets, ceramic backsplash and tile in the kitchen. All of the windows have been upgraded, the original roof has been replaced, an upgraded heating and air conditioning system and upgraded hot water heater have been installed. This home is 10 minutes from Fort Dix and 15 minutes from McGuire Air Force Base. This is the perfect home for the right buyers. The current owners have spent many happy years in this home. Now it is time for them to downsize.

If you are looking to sell or purchase a home in Pemberton Township, NJ, please text, email or give me a call. I specialize in Burlington Township.

I am a real estate consultant, I spend time getting to know your needs before I ever discuss how many bedrooms and bathrooms are required. The first thing I tell you is "there are thousands of agents who can sell you a house, but only one that can help you find your home". You see, if I don't find out what's really important to you, I will NEVER be able to find your home. After we have spent some time talking and I get to know you and get to know what is most important to you (not necessarily related to real estate), then we can get down to finding your new home. The best way to illustrate this is with a short story.

I had a couple come in the office and they were looking for a two story colonial, 4 bedrooms, 2.5 bath. Seemed like a simple request. In talking to the couple, I found that the wife's to priority was to have a fenced yard for her children. The husband was a car buff so, the garage was very important to him. I showed them two story colonials in the areas they were interested in and nothing really seemed to leap out at them. I asked "do you mind if I show you something that I think may suit your needs". They agreed and we went to look at a ranch home with a detached three car heated garage with an attached workshop and a fenced yard, sitting on a large lot. As soon as we walked in both the husband and the wife fell in love with the property. I made their dreams come true.

As a real estate consultant, I don't help clients buy and sell houses; I make their dreams come true


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Just Sold: 21 Brook Drive, Burlington Township, NJ 08016

Just Sold: 21 Brook Drive, Burlington Township, NJ 08016

Tiffany Hollow

Selling Price: $305,000

Unbelieveable value in Burlington Twp. Property is in move in condition, open back, large rooms, family room and so much more!!! Fast closing possible.   

 

 

 

If you are looking to sell or purchase a home in Burlington Township, NJ, please text, email or give me a call. I specialize in Burlington Township.

I am a real estate consultant, I spend time getting to know your needs before I ever discuss how many bedrooms and bathrooms are required. The first thing I tell you is "there are thousands of agents who can sell you a house, but only one that can help you find your home". You see, if I don't find out what's really important to you, I will NEVER be able to find your home. After we have spent some time talking and I get to know you and get to know what is most important to you (not necessarily related to real estate), then we can get down to finding your new home. The best way to illustrate this is with a short story.

I had a couple come in the office and they were looking for a two story colonial, 4 bedrooms, 2.5 bath. Seemed like a simple request. In talking to the couple, I found that the wife's to priority was to have a fenced yard for her children. The husband was a car buff so, the garage was very important to him. I showed them two story colonials in the areas they were interested in and nothing really seemed to leap out at them. I asked "do you mind if I show you something that I think may suit your needs". They agreed and we went to look at a ranch home with a detached three car heated garage with an attached workshop and a fenced yard, sitting on a large lot. As soon as we walked in both the husband and the wife fell in love with the property. I made their dreams come true.

As a real estate consultant, I don't help clients buy and sell houses; I make their dreams come true


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Just Sold: 8 Hawkins Lane, Burlington Township, NJ 08016

SOLD: 8 Hawkins Lane, Burlington, NJ 08016

Selling Price: $305,000 with $3,000 sellers concession

This Edgewood model is priced to sale quick!! Make your move to Sunset Ridge now!! This colonial style home boasts formal living and dining room, Large eat in kitchen with breakfast area, great room features crown molding, chair rails and gas fireplace. Enjoy the large master suite with 3 closets and the master bath has double sink, soaking tub and separate shower stall. The finished basement has many possibilities. Large backyard with shed and newer vinyl fencing. There is cable and phone lines thru-out the home. This is NOT A SHORT SALE!! 1 year AHS Home Warranty!

If you are looking to sell or purchase a home in Burlington Townshipi, NJ, Please text, email or call me.  I am a Realtor and Real Estate Consultant and I specialize in Burlington Township.  As a real estate consultant, I spend time getting to know your needs before I ever discuss how many bedrooms and bathrooms are required.  The first thing I tell you is "there are thousands of agents who can sell you a house, but only one that can help you find your home".  You see, if I don't find out what's really important to you, I will NEVER be able to find your home.  After we have spent some time talking and I get to know you and get to know what is most important to you (not necessarily related to real estate), then we can get down to finding your new home.  The best way to illustrate this is with a short story. 

I had a couple come in the office and they were looking for a two story colonial, 4 bedrooms, 2.5 bath.  Seemed like a simple request.  In talking to the couple, I found that the wife's to priority was to have a fenced yard for her children.  The husband was a car buff so, the garage was very important to him.  I showed them two story colonials in the areas they were interested in and nothing really seemed to leap out at them. I asked "do you mind if I show you something that I think may suit your needs".  They agreed and we went to look at a ranch home with a detached three car heated garage with an attached workshop and a fenced yard, sitting on a large lot.  As soon as we walked in both the husband and the wife fell in love with the property.  I made their dreams come true. 

 As a real estate consultant, I don't help clients buy and sell houses; I make their dreams come true


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Burlington Township, NJ 2008 Market Statistics

Burlington Township, New Jersey 2008 Real Estate Market Statistics

Some of my clients want to know how the real estate market is doing in Burlington Township, NJ.  I usually tell them that houses are selling, however.....numbers usually do a better job of explaining the facts.  So I will post every month a simple table of market statistics.  Just the facts and nothing but the facts.

Burlington Township, NJ Market Statistics

 

 

December-08

 

 

 

 

Single Family Homes

 

Townhomes

 

Total

Total Inventory

135

Total Inventory

24

159

Settled

9

Settled

2

11

Percentage Sold

7%

Percentage Sold

8%

7%

Absorption Rate (months)

15.0

Absorption Rate (months)

12.0

14.5

Analysis

In December, 2008, there were 159 homes available for sale in Burlington Township.  Eleven (11) of those homes were sold (settled).  Very simply, 7% of the total inventory sold or 93% of the inventory did not sell.  If we were to continue to sell homes at the rate of 11 per month, it would take us 14.5 months to sell all of the home currently for sale in Burlington Township.  This assumes of course that all of the homes currently for sale would remain for sale and that no additional homes would be added to the inventory.

There are many factors that come into play.  Each of my clients must make the decision to buy or sell that is right for themselves and their family.  If you would like to discuss whether now is the right time for you to buy or sell, please give me a call.  There is NO Pressure.  In fact, I have told many people that now is not the right time for you to make a move.  My clients appreciate my honesty and come back to me when they ARE ready.  Funny thing is, they also refer their family, friends and people they care about to me.

Any questions, please, text, email or call me.

Make This YOUR Best Year Ever

Leander


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

Make 2009 Your BEST YEAR Ever!

Make 2009 Your BEST YEAR Ever

 

This is the time that many people make New Years resolutions.  Many times resolutions are made on or before January 1st and broken by February 1st.  Several years ago, I made a change.  I stopped making new years resolutions in the traditional manor.  First of all, I no longer wait until January 1st to start my goals for the New Year.  I usually start somewhere in the middle of November.  Secondly, I stopped setting myself up for failure.  What I mean by that is, I stopped setting particular health and money goals.  You may be thinking....

 

Leander, what type of resolutions do you make?

 

I make one general change to my mindset for the year.  Any other goals that I make support that mindset change. 

 

2008 was a great year for me.  My wife and others who are very close to me know that I struggled for most of the year with personal and financial issues.  In fact many of those issues were not solved.  Readers of my blog would have never known.  Why?  Because I chose not to focus on my problems.  My resolution for 2008 was that I was going to make it a "Great 2008".   In all that I did, I focused on making it a Great 2008.  Did I make some changes in my eating habits to improve my health?  Yes I did.  Did I make a concerted effort to save more money?  Yes I did.  Did I do a little more exercise than I did the year before?  Yes I did.  Did I go to the gym?  No.  Did I give up eating pretzels?  No (but I did switch to unsalted).  By NOT making a resolution, I was able to keep my resolution for the year. 

 

My 2009 theme is "It's Mine in 09"

 

2009 will be my best year ever.  I invite all of you to join me in making 2009 your best year ever.

 

Have a Great Day


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

HELP FOR MILITARY HOME OWNERS WHO MUST SELL WITH NEGATIVE EQUITY.

My colleague Lenn Harley has come across some information that may be invaluable for Military Homeowners who have negative equity

If you are in this situation and are looking for help, please give me a call so we can formulate a plan


Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)
Via Lenn Harley Homefinders.com MD & VA Real Estate:

THE VETERANS ADMINISTRATION COMPROMISE SALE. 

Jon Graham asks about relief for the military home owner who finds himself or herself in a negative equity situation and needs to sell. 

The VA Compromise Sale is often the solution.  I've done several over the years and they are very much preferred over the conventional short sale or foreclosure.  Military owners do not usually have a choice when they receive orders to transfer.   Yet, if they purchased a home in the past several years, there is a good chance that they do not have sufficient equity to pay the cost of sale, part of which is usually a real estate commission.  Yes, agents do expect to be paid when handling the sale of any property.

WHAT THE VETERANS ADMINISTRATION DOES FOR THE MILITARY BUYER ALSO APPLIES TO FORMER MILITARY HOME OWNERS WITH A VA LOAN.

If the Veterans Administrations accepts the hardship application from the VA financed home owner, they will pay:Military Buyers

  • 1.  The mortgage deficiency. 
  • 2.  The real estate commission.
  • 3.  Closing help negotiated in the Contract of Sale.

The VA borrower signs a note to the Veterans Administration at a significantly reduced interest rate and has a period of time to pay.  The last VA Compromise I managed, the note to the Veterans Administration had a 4% interest rate and a term of 10 years.

What the VA Compromise Sale does is permit the VA financed seller to price the property to sell. 

From the VA Web site.   

Q: How does a VA compromise claim payment work?

A: When a veteran attempts to sell his or her home and the expected proceeds from the sale are not enough to pay off the existing loan, and the veteran has no other source of funds to complete the transaction, a VA compromise claim pays the difference. As with any claim payment by VA, the veteran usually remains liable to VA for the amount of the claim payment. However, the compromise claim is usually less than the claim which would have been payable if the sale had fallen through, the veteran had failed to make the loan payments, and the lender had foreclosed on the loan.

Agents with VA financed home owners should check with the local VA field office for the latest terms and conditions that are applicable to the VA Compromise Loan.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-mail.

Miami Foreclosure Team: Mortgage and Foreclosure Terms

If you are interested in purchasing or selling real estate, you need to know the language.  Sergio Rebollo Jr. of Exit Prime Realty has done an excellent job of defining some key real estate terms.

Thanks Sergio

Leander McClain, Burlington Township Realtor & Real Estate Consultant, EXIT Buyers Plus Realty, 15 E. Broad Street, Burlington, NJ 08016 609-505-6578(cell)

 

Via Sergio Rebollo Jr. (Exit Prime Realty):

KEY MORTGAGE AND FORECLOSURE TERMS

Brought to you by....

Sergio Rebollo Jr.
Foreclosure & Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com

Take a moment to review some key terms you may hear when working with your mortgage lender or Realtor. These definitions can help you understand the mortgage-financing process and make informed decisions about your home loan and finances.

Adjustable-Rate Mortgage (ARM)-- A mortgage loan with an interest rate that can change at any time, usually in response to the market or Treasury Bill rates. These types of loans usually start off with a lower interest rate comparable to a fixed-rate mortgage.

Advance (HomeSaver Advance)-- allows servicers to provide an unsecured personal loan to qualified borrowers that are delinquent on a Fannie Mae loan.

Amortize-- Paying off a debt by making regular installment payments over a set period of time, at the end of which the loan balance is zero.

Balloon Mortgage-- A mortgage loan with initially low interest payments, but that requires one large payment due upon maturity (for example, at the end of seven years).

Buy-down Mortgage-- A mortgage loan in which one party pays an initial lump sum in order to reduce the borrower’s monthly payments. .

Collections-- The efforts a lender takes to collect past due payments.

Convertible ARM-- An Adjustable Rate Mortgage loan that can be converted into a fixed-rate mortgage during a certain time period.

Deed-- A legal document under which ownership of a property is conveyed.

Deferred Payments-- Payments that are authorized to be postponed as part of a workout process to avoid foreclosure.

Delinquency-- Failure to make a payment when it is due. A loan is generally considered delinquent when it is 30 or more days past due.

Equity-- Ownership interest in a project after liabilities are deducted. Also referred to as your assets.

Escrow -- A lender-held account where a homeowner pays money toward taxes and insurance of a home.

Escrow Account-- The actual account where the escrow funds are held in trust.

Escrow Analysis-- A periodic review of escrow accounts to make sure that there is sufficient funds to pay the taxes and insurance on a home when they are due.

Fixed-Rate Mortgage-- A mortgage loan in which the interest rate remains the same for the life of the loan.

Forbearance-- The lender's postponement of legal action when a borrower is delinquent. It is usually granted when a borrower makes satisfactory arrangements to bring the overdue mortgage payments up to date.

Foreclosure-- The legal process by which a property may be sold and the proceeds of the sale applied to the mortgage debt. A foreclosure occurs when the loan becomes delinquent because payments have not been made or when the borrower is in default for a reason other than the failure to make timely mortgage payments.

Foreclosure Prevention-- Steps by which the servicer works with the borrower to find a permanent solution to resolve an existing or impending loan delinquency.

Hazard Insurance-- Insurance coverage that pays for the loss or damage or a person’s home or property.

Home Equity Line of Credit — A way of borrowing money against the equity or assets that you have in your home to pay for things such as home repairs, college education, or other personal uses.

Interest-Only Mortgage-- A mortgage where the borrower pays only the interest on the loan for a specified amount of time.

Investment Property-- A property not considered to be a primary residence that is purchased by an investor in order to generate income, gain profit from reselling or to gain tax benefits.

Investor-- The owner of the loan on a property.

Lender Placed Insurance-- Insurance placed on a home or property by a lender to protect their interest on collateral which secures the loan.

Mortgage Insurance-- Insurance that protects lenders against losses caused by a borrower's default on a mortgage loan. Mortgage insurance (or MI) typically is required if the borrower's down payment is less than 20% of the purchase price.

Mortgage-- A legal document that pledges property to a lender as security for the repayment of the loan. The term is also used to refer to the loan itself.

Refinance-- Paying off an existing loan (such as a balloon mortgage) with a newer, usually lower rate loan.

Repayment Plan -- A borrower promises to pay down past due amounts on a mortgage while continuing to make regular monthly payments on a home.

Servicer-- A firm that performs functions in support of a mortgage that include collecting mortgage payments, paying the borrower's taxes and insurance, and generally managing borrower escrow accounts.

Title-- The documented evidence that a person or organization has ownership of real property.

Work Out -- A way to resolve or restructure a loan or prevent someone from going into foreclosure through a loan modification, forbearance or short sale.

Sergio Rebollo Jr.
Foreclosure & Short Sale Specialist
Exit Prime Realty
www.SergioRebollo.com