GayRealEstate USA

LGBT Zipcodes -- A Closer Look -- Jersey City

By Jeff Adolph

Increased Market Value

According to recent sales figures, New Jersey is proving to be a market that is worth watching, with a 4% increase in the sale of homes and condominiums in the area, compared to last years figures.

The National Association of Realtors (NAR) states that New Jersey's annual home sales rate was 169,600, which shows a consistently stable real estate environment.

Drew Fishman, CRS, 2008 New Jersey Association of Realtors (NJAR) president believes that the NEW Jersey real estate market is proving to be continuously sound. "Nationally, total sales for single-family homes, condominiums and co-ops dropped by 22% form the previous year's figures. However, New Jersey was one of three states to show an increase. This is just further evidence that New Jersey does not follow national real estate trends."

Furthermore, there are some areas of New Jersey that have displayed slight price increases.

Main Story Source: Ashbury Park Press (2008) Home Sales Up 4 percent in New Jersey; available online at www.app.com

Picture Source: www.realestate.nytimes.com and www.princetonhomesearch.com

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Around the Nation -- Residential Real Estate Update - New Jersey

By Jeff Adolph

State-by-state

Situated in the Mid Atlantic region in Northeastern U.S.A this state is ranked as the 10th largest by population with 8,414,350 people residing within the state.

This states economy relies heavily on the pharmaceutical industry, chemical development, tourism, dairy products and seafood.

Income tax is divided into six to seven brackets ranging from 1.4 to 8.97 % depending on the filing status, and sales tax is set at 7%. Property tax in this state is valued and taxed based on 100% of the fair market value and is multiplied by the taxable rate.

New Brunswick

There is currently an equal distribution of buyers and sellers in this region, with homes typically sitting on the market for 60-90 days. The market trend in this area is decreasing and there is a good supply of homes within all price ranges.

The median price for homes in New Brunswick hovers around the $375,000 range and buyers are getting 80-85% of their asking price. Repeat buyers represent the area of most activity with homes prices down by 10-15% compared to this time last year.

At present town-homes, condos and new construction are exciting buyers and are in higher demand than the standard home. 

LGBT Real Estate Facts: There are approximately 16,604 same-sex couples residing in New Jersey making this region the 10th gayest state in America. The gayest zip codes in this locality are 07302 Jersey City (pictured above); 07087 Union City; 07060 Plainfield; 07093 West New York; and 08901 New Brunswick. -- gaydemographics.com

Main Story Source: House Hunt (2008) Real Estate Market Trends; available online at http://www.househunt.com

Picture Source: wikipedia.org

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Redevelopment Put on Hold

By Jeff Adolph

Real Estate and Development

Ashbury Park redeveloper, Metro Homes, has halted construction on its Esperanza high-rise city beach-front development and is closing its sales office in the wake of a declining real estate market.

Dean Geibel, Metro Homes president said his company had informed the city that sales and construction would be put on hold until the market became more favorable.

'We are convinced that the national mortgage crisis now impacting the real estate markets around the country represent a temporary setback, and we remain fully committed to Ashbury Park and its rebirth,' Geibel said.

Approximately 70 of the condo's are under sales contracts and these investors deposits will be held in escrow.

The Metro Homes Esperanza site is being constructed where the failed C-8 condominium project once stood 17 years before Metro Homes imploded the unfinished steel skeleton in the Spring of 2006.

Those who are superstitious could possibly see this as a bad omen.

Source: Shields, N (2007) Metro Homes Pullback: Blip or a Bellwether?; available online at www.app.com

Image Source: www.app.com and www.blogspot.com

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Affordable Housing Queue 200 Strong

By Jeff Adolph

Affordable Housing

Late last month a queue snaked its way around the block outside Marine View, as hopeful residents vied for their share of affordable housing.

Marine View, an apartment complex of middle-income housing and rent-controlled homes for those earning between $25,000 and $80,000 a year, gave out 325 applications for one and two-bedroom studio's.

Joanne Limone, a massage therapist and first in line said, 'Hoboken does not have an abundance of middle-class apartments. The rents are astronomical here, they're really out of control.'

'Marine View studio apartments are $577, one-bedrooms for $888 and two-bedrooms for $1188.' Plus, 'the two-building complex has a pool.'

As Ermesto Ruiz, a teacher in New York said, 'This gives you the opportunity to be in a prime real estate area. Across the street, two-bedroom apartments are going for $3,000 a month.'

There is a diverse population residing in the complex -- from the elderly to the young -- the straight and the gay -- and the single to the happily married.

And, just because you were fortunate enough to submit an application do not assume you have a position within the complex. Evidentially, your application is drawn from a lottery when a vacancy becomes available, and some people have been waiting over seven years for their name to be drawn.

Source: Carly (2007) Waiting for Affordable Housing Outside Marine Apartments; available online at www.nj.com/hobekennow/index.sst/2009/09/waiting_for_affordable_housing.html

Image Source: www.nj.com

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Methodists Reject LGBT Marriage

By Jeff Adolph

LGBT Marriage

A dispute over gay civil ceremonies being held in a Methodist Boardwalk Pavilion, in Ocean Grove NJ, has seen the facility lose its tax-exempt status, as the site was deemed unavailable to all members of society.

The Methodist organization who owns the pavilion, the beach and approximately 1,000ft of ocean since 1870 refused to allow two lesbian couples to have a civil union ceremony at the Boardwalk Pavilion.

Feeling their rights had been violated and that they had been discriminated against both couples complained to the State Division on Civil Rights, which then investigated the incident.

In a counter suit the Methodist organization sued the state claiming 'that the investigation violated it First Amendment rights because civil unions were contrary to the beliefs of the United Methodist Church.'

However, a federal judge denied the church grounds to halt the original investigation.

Based on findings Ms Jackson, the environmental protection commissioner stated, 'It is clear that the pavilion is not open to all persons on an equal basis.'

Since 1989, the Methodist organization has received a public funded tax-exemption 'under the Green Acres Program, designed to encourage the use of privately owned lands for public recreation and conservation.'

Neptune Township tax assessor, Bernard Haney believed the Methodist association was saving approximately $500,000 a year under the green Acres Program.

What is even more perplexing is that Ocean Grove is considered a gay-friendly community.

As Steven Goldstein, executive director of garden State Equality, a New Jersey gay rights organization said, 'I'm hearing from gay people all over the country who thought Ocean Grove was the leading light for gay tolerance and that's not the case anymore.'

Source: Capuzzo, J.P (2007) Austin Group Loses Tax Break Over Gay Union Issue; available online at http://www.nytimes.com

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Have Your Say On the LGBT Political Front - August 19th 2007

By Jeff Adolph

LGBT Politics

In a national first, the Democrats are challenging the Republicans by staging a debate that is dedicated to the LGBT community and will answer many of the issues facing Lesbians, Gays, Bi-sexual's and the Transgendered across the nation.

The leading candidates for the Democratic  nomination for presidency will actively involve themselves in this debate on August the 9th, which is being telecast by LOGO, a gay cable network. Alternatively, you may view proceedings on http://www.logoonline.com/ if you are unable to access the network.

Participants in the debate will include Hilary Clinton, Barack Obama and John Edwards (pictured above), with the moderators being singer Melissa Etheridge and Joe Solmonese, Human Rights Campaign's president.

If you would like to actively participate by lodging questions for the candidates to answer you may do so by logging on to LOGOonline.com as well as on HRC.org.

Source: Demorcrats to Hold Gay Debate (2007) available online at www.wweek.com

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Ocean City and Realty Almost Unreal

By Jeff Adolph 

Lifestyle Homes

The town of Ocean City is boarded by ocean front on one side and marsh on the other becomes a tourist hot-spot that swells in population from 16,000 to 120,000 when at peak capacity in summer, a factor that some love and others loathe.

Ocean City offers the idyllic vacation destination with its laid back charm and easy going finesse it attracts the more debonair. Author Gay Talese was born and raised in the town and still resides there today, and Grace Kelly, a Hollywood starlet and Oscar-winning actor, James Stewart often vacationed here.

However, if you like the bustling night-life of New Jersey then this may not be the place for you, as Ocean City is for the more conservative in nature.

Ocean City it appears is almost stuck in a time-warp with the town having no clubs or pubs and having never sold or served alcohol since the island was founded way back in 1879.

While the median price of homes in the area is around $500,000 for a 3 to 4 bedroom home the island also has its fair share of seven figured water front mansions on offer.

Probably one of the biggest draw-backs in terms of housing is the size of the lots; all are within the 3,000 sq ft mark and are either duplexes or bungalows with small backyards.

However, the beauty of this area lays in its very social atmosphere and down-to-earth block parties.

As Mike Snow, resident in Ocean City said, 'Ocean City is not at all stuffy and anything but honky-tonk. It's everything a beach town should be.'

And, that sounds like an enjoyable place to live if you're looking for a lifestyle...

Source: Roxborough, S (2007) Family Beach Town an Island unto Itself; available online at http://www.northjersey.com

Images: Microsoft Office Clipart

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April 04, 2007 in New Jersey | Permalink | Comments (0) | TrackBack (0)

November 17, 2006

Which State? Most Expensive Vs. Least In Terms of Housing Affordability

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

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November 17, 2006 in *National*, California, Hawaii, Michigan, Mississippi, New Jersey, North Dakota, West Virginia | Permalink | Comments (0) | TrackBack (0)

November 09, 2006

Jersey is a Buyers Market

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

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November 09, 2006 in *National*, New Jersey | Permalink | Comments (0) | TrackBack (0)

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By Jeff Adolph 

Lifestyle Homes

The town of Ocean City is boarded by ocean front on one side and marsh on the other becomes a tourist hot-spot that swells in population from 16,000 to 120,000 when at peak capacity in summer, a factor that some love and others loathe.

Ocean City offers the idyllic vacation destination with its laid back charm and easy going finesse it attracts the more debonair. Author Gay Talese was born and raised in the town and still resides there today, and Grace Kelly, a Hollywood starlet and Oscar-winning actor, James Stewart often vacationed here.

However, if you like the bustling night-life of New Jersey then this may not be the place for you, as Ocean City is for the more conservative in nature.

Ocean City it appears is almost stuck in a time-warp with the town having no clubs or pubs and having never sold or served alcohol since the island was founded way back in 1879.

While the median price of homes in the area is around $500,000 for a 3 to 4 bedroom home the island also has its fair share of seven figured water front mansions on offer.

Probably one of the biggest draw-backs in terms of housing is the size of the lots; all are within the 3,000 sq ft mark and are either duplexes or bungalows with small backyards.

However, the beauty of this area lays in its very social atmosphere and down-to-earth block parties.

As Mike Snow, resident in Ocean City said, 'Ocean City is not at all stuffy and anything but honky-tonk. It's everything a beach town should be.'

And, that sounds like an enjoyable place to live if you're looking for a lifestyle...

Source: Roxborough, S (2007) Family Beach Town an Island unto Itself; available online at http://www.northjersey.com

Images: Microsoft Office Clipart

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April 04, 2007 in New Jersey | Permalink | Comments (0) | TrackBack (0)

November 17, 2006

Which State? Most Expensive Vs. Least In Terms of Housing Affordability

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

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© 2006 Jeff Adolph GayRealEstate USA

November 17, 2006 in *National*, California, Hawaii, Michigan, Mississippi, New Jersey, North Dakota, West Virginia | Permalink | Comments (0) | TrackBack (0)

November 09, 2006

Jersey is a Buyers Market

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

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Click on Comments below and share your view…

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November 09, 2006 in *National*, New Jersey | Permalink | Comments (0) | TrackBack (0)

By Jeff Adolph 

Lifestyle Homes

The town of Ocean City is boarded by ocean front on one side and marsh on the other becomes a tourist hot-spot that swells in population from 16,000 to 120,000 when at peak capacity in summer, a factor that some love and others loathe.

Ocean City offers the idyllic vacation destination with its laid back charm and easy going finesse it attracts the more debonair. Author Gay Talese was born and raised in the town and still resides there today, and Grace Kelly, a Hollywood starlet and Oscar-winning actor, James Stewart often vacationed here.

However, if you like the bustling night-life of New Jersey then this may not be the place for you, as Ocean City is for the more conservative in nature.

Ocean City it appears is almost stuck in a time-warp with the town having no clubs or pubs and having never sold or served alcohol since the island was founded way back in 1879.

While the median price of homes in the area is around $500,000 for a 3 to 4 bedroom home the island also has its fair share of seven figured water front mansions on offer.

Probably one of the biggest draw-backs in terms of housing is the size of the lots; all are within the 3,000 sq ft mark and are either duplexes or bungalows with small backyards.

However, the beauty of this area lays in its very social atmosphere and down-to-earth block parties.

As Mike Snow, resident in Ocean City said, 'Ocean City is not at all stuffy and anything but honky-tonk. It's everything a beach town should be.'

And, that sounds like an enjoyable place to live if you're looking for a lifestyle...

Source: Roxborough, S (2007) Family Beach Town an Island unto Itself; available online at http://www.northjersey.com

Images: Microsoft Office Clipart

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By Jeff Adolph 

Lifestyle Homes

The town of Ocean City is boarded by ocean front on one side and marsh on the other becomes a tourist hot-spot that swells in population from 16,000 to 120,000 when at peak capacity in summer, a factor that some love and others loathe.

Ocean City offers the idyllic vacation destination with its laid back charm and easy going finesse it attracts the more debonair. Author Gay Talese was born and raised in the town and still resides there today, and Grace Kelly, a Hollywood starlet and Oscar-winning actor, James Stewart often vacationed here.

However, if you like the bustling night-life of New Jersey then this may not be the place for you, as Ocean City is for the more conservative in nature.

Ocean City it appears is almost stuck in a time-warp with the town having no clubs or pubs and having never sold or served alcohol since the island was founded way back in 1879.

While the median price of homes in the area is around $500,000 for a 3 to 4 bedroom home the island also has its fair share of seven figured water front mansions on offer.

Probably one of the biggest draw-backs in terms of housing is the size of the lots; all are within the 3,000 sq ft mark and are either duplexes or bungalows with small backyards.

However, the beauty of this area lays in its very social atmosphere and down-to-earth block parties.

As Mike Snow, resident in Ocean City said, 'Ocean City is not at all stuffy and anything but honky-tonk. It's everything a beach town should be.'

And, that sounds like an enjoyable place to live if you're looking for a lifestyle...

Source: Roxborough, S (2007) Family Beach Town an Island unto Itself; available online at http://www.northjersey.com

Images: Microsoft Office Clipart

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By Jeff Adolph 

Lifestyle Homes

The town of Ocean City is boarded by ocean front on one side and marsh on the other becomes a tourist hot-spot that swells in population from 16,000 to 120,000 when at peak capacity in summer, a factor that some love and others loathe.

Ocean City offers the idyllic vacation destination with its laid back charm and easy going finesse it attracts the more debonair. Author Gay Talese was born and raised in the town and still resides there today, and Grace Kelly, a Hollywood starlet and Oscar-winning actor, James Stewart often vacationed here.

However, if you like the bustling night-life of New Jersey then this may not be the place for you, as Ocean City is for the more conservative in nature.

Ocean City it appears is almost stuck in a time-warp with the town having no clubs or pubs and having never sold or served alcohol since the island was founded way back in 1879.

While the median price of homes in the area is around $500,000 for a 3 to 4 bedroom home the island also has its fair share of seven figured water front mansions on offer.

Probably one of the biggest draw-backs in terms of housing is the size of the lots; all are within the 3,000 sq ft mark and are either duplexes or bungalows with small backyards.

However, the beauty of this area lays in its very social atmosphere and down-to-earth block parties.

As Mike Snow, resident in Ocean City said, 'Ocean City is not at all stuffy and anything but honky-tonk. It's everything a beach town should be.'

And, that sounds like an enjoyable place to live if you're looking for a lifestyle...

Images: Microsoft Office Clipart

*RealQuestions RealAnswers*

Click on Comments below and share your thoughts and opinions, ask a real estate question or offer story suggestions...

-----------------------------------------------------------------

© 2006+ Jeff Adolph GayRealEstate USA

Proudly Sponsored By:

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

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© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

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© 2006 Jeff Adolph GayRealEstate USA

Which State? Most Expensive Vs. Least In Terms of Housing Affordability

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

State Housing Comparisons

No doubt you often wonder just which state is more affordable in terms of housing costs, and we are not just talking median prices. I am referring to the rental market and home ownership, with taxes, insurance, utilities and mortgage payments falling under the housing cost umbrella.

According to the Census Bureau who collected housing data in 2005 the comparisons are staggering and when the authorities estimate that 'household incomes' are behind in terms of inflation, it comes as no surprise why some families are loosing sight of the 'American Dream' of homeownership. Especially, if they are trying to purchase their first and break into the market.

Hopefully, the data below will assist you in deciding which state could be for you...

Housing Costs

Most Expensive - New Jersey: Monthly cost of $1,938

Least Expensive - West Virginia: Monthly cost $ 797

Rental Costs

Most Expensive - Hawaii: $995 Monthly

Least Expensive - North Dakota: $479 Monthly

Median Value

Most Expensive - California: $477,700

Least Expensive - Mississippi: $82,700

City Home Expense

Most Expensive - San Francisco: Median price of $726,700

Least Expensive - Detroit: Median price of $88,300

Highest Increase in Median Home Value

San Diego - In 5 years (2000-2005) $247,000 - $567,000 and increase of $320,000

Source: U.S Census Bureau (2006) People and Households: available online at http://www.census.gov/

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

---------------------------------------------------------

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

Jersey is a Buyers Market

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

-----------------------------------------------------------------

© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

1. Know exactly what you are looking for in a home; how many bedrooms, bathrooms and square meters do you want?
2. Set yourself a realistic budget that is within your price range and stick to it.
3. Decide on several locations that you would like to live in.
4. Take drives around the areas you think you'd like to live in and note Realtors in the area, and the homes that are for sale that you may be interested in.
5. Go through the newspaper and online Realtor listings in the areas you are interested in.
6. Locate a Realtor in the area who is hip to the latest market trends and enlist their help in finding you the perfect home.
7. Never buy the first home you see, shop around until you fall in love.

As one New Jersey buyer recently discovered when he started his house hunt, the first home was suitable but he knew he could do better, especially when his budget was around the $500,000 mark. So he passed on the small 1921c bungalow for $495,000 and went shopping. The home he purchased in the $400,000 was a large, well established colonial home located in a beautiful suburb, and originally advertised for $619,000.

As Jeffery Otteau, a real estate analyst said, 'I think now is the perfect time to buy. Interest rates are good, the housing stock is high, and sellers are looking down the barrel at winter.'

So, if you're thinking of buying do it sooner rather than later, plus that quaint 1921c bungalow is still available if you're interested?

Source: Star-Ledger (2006) Buyers are a Seller's Dream: available online at http://www.nj.com/columns/ledger/diionno/index.ssf?/base/columns-0/1162878772148240.xml&coll=1

-----------------------------------------------------------------

*Real Questions Real Answers*

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© 2006 Jeff Adolph GayRealEstate USA

By Jeff Adolph

To Buy or Not To Buy?

If you're considering purchasing a home in the near future and are a little skeptical then don't be, because if you have not already heard at present it's a buyers market, and if you're clued up on how to shop for the best valued home in the nicest location you just may land yourself the bargain of a lifetime.

New Jersey is just one example of a state with an abundance of premium real estate on offer for incredible prices, why is this the case?

With the market value boom on housing came a glut of homes, yes most people felt they could make a tidy profit if they sold, which in turn meant the market became flooded and as a result housing prices fell. With so many homes to choose from for the buyer it is comparable to a child in a lolly shop. Ummmmmm..... what do I choose, I want that one....No, No, that one....Oh....Ummmmmm.... You can see the dilemma. Plus, the residents of New Jersey are often optimistic and have usually bought another home before selling their existing house, and when this home fails to sell they find themselves in a compromising situation, a need to sell quickly.

Therefore, as a buyer it pays to shop around and compare apples with apples. Here are some tips that will assist you when searching:

*Real Questions Real Answers*

Have you had a similar experience recently?

Click on Comments below and share your view…

And, remember leaving your personal details is voluntary, these are not a requirement of posting comments!

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© 2006 Jeff Adolph GayRealEstate USA