Colts Neck Estate Homes for Sale!

Colts Neck Colonial Home for Sale!

Come preview this gracious and elegant 6 year old Custom Colts Neck Colonial for sale. You will not be disappointed.

This beautiful home is situated on 1.28 acres of exquisitely detailed landscaped property. Enter into your grand foyer through a double door entryway and see what awaits! Marble foyer feaures princess stairway, double story ceiling & beautiful architectural details.

2 story Great Room and Formal Living Room are open to Foyer and feature custom moldings, columns and attention to detail. Home features the finest archetectural details throughout, 4 fireplaces, and gleaming hardwood.

This Custom Estate Home boasts 5 bedrooms, 6 1/2 bathrooms, open floor plan, private study, spacious Family Room off kitchen, and 3 staircases leading to the upstairs floor.

Private balconies off kitchen & living room overlooking stunning private yard w/ inground gunite pool, paver patio & built in kitchenette.

Gourmet Kitchen features Custom Cherry Cabinetry, Granite Counters, Center Island, and Circular Breakfast Nook.

Unbelieveable Master Suite has Fireplace, 4 Walk in Closets, and private luxury bath.

Walk out finished Basement wonderful for entertaing inside or out by pool. Basement includes built in bar, game room, full bath and Fireplace!

Call Anna @ 732 371 3233 or Leanne @ 917 596 2772 to preview this gorgeous Colts Neck Colonial For Sale! Requesting $1,999,000.

North Jackson, NJ Centerhall Colonial home for Sale

North Jackson, NJ Centerhall Colonial home for Sale

We are pleased to introduce this adorable North Jackson Colonial House for Sale.

Home is set back on a private, parklike 1+ acre property. Home features hardwood flooring through out, 2 story entrance foyer, eat in kitchen with sliders to back multi tiered deck. Dining Room and Living Room feature parquay wood floors. Family room opens to kitchen.

Master Suite with sitting area, cherry floors and private bath, jacuzzi tub, and shower stall.

Gazebo over looking beautiful parklike property.

Additional features include 2 car garage, 2 storage sheds and full basement. Great North Jackson location for commuters.

Call Anna @ 732 371 3233 or Leanne @ 917 596 2772 to preview this Jackson home for sale.

Colts Neck, NJ Reservoir Area Colonial for Sale

Colts Neck Reservoir Area Colonial Home for Sale

Come preview this gorgeous, expanded and updated 4 bedroom Colonial home for sale in the Reservoir Section of Colts Neck, NJ.

Home is situated in one of the most sought after neighborhoods in Colts Neck. This beautiful Colonial offers so much more than the average home for sale in this area. Sits on close to 1 acre and has countless amenities. Completely updated and renovated, there is nothing to do but move in. Enjoy ample room sizes and a wonderful floor plan.

Enjoy cooking in your spacious, gourmet eat in kitchen which features a stainless viking stove, subzero refrigerator/freezer, gorgeous custom cherry cabinets, and porcelain flooring.

Hardwood floors throughout Living Room and Dining Room and throughout bedroom level.

Home features a finished basement and an inground pool for entertaining. Just turn the key & unpack!

Call Leanne @ 917 596 2772 or Anna @ 732 371 3233 to preview today.

NEW JERSEY HOME SALES REPORT

NEW JERSEY HOME SALES REPORT

If you’re a buyer looking for a home in New Jersey right now, you’re in luck.

The 1st quarter New Jersey Home Sales Report for 2011 was just released, highlighting an all-time high Affordability Index of 151.1. Of course, various factors contribute to calculating the index, including home price, mortgage rates, average income, and the like. So, over time, change is expected. Yet, now, this number shows that buying a home now, if you can afford it, is a worthwhile investment.

Please visit this link to see the full report on the New Jersey Association of Realtors’ website: 2011 N.J. Home Sales Report

The average home price in New Jersey is $314,900, with an average price of $364,400 in Northern NJ and an average of $223,800 in Southern NJ.

Although the graph on page 9 shows that resale activity volume has decreased from last year, it is the right time to buy if you can afford to do so. Almost 110,000 homes are currently being sold in New Jersey, and a little over 57,000 are located in Northern NJ, with plenty of options for various family incomes, mortgages, and location preferences. Numbers for Central and Southern NJ show that 52,000 home are being sold. So wherever you are in the market for a reasonably priced home in the Garden State, there is something for you.

Lastly, New Jersey has a fairly high affordability index of 151.1 compared to the United States average of 191.0. This index of 151.1 rose rapidly from just 131.7 in the third quarter of 2010.

Call Leanne @917 596 2772 or Anna 732 371 3233 with all of your real estate needs.

HOW TO COMBAT ABANDONED HOMES IN YOUR NEIGHBORHOOD

How to combat a neighborhood’s abandoned homes
You CAN be successful at selling property next to an unpleasant sight


We all know the picture: boarded-up windows, overgrown weeds, deteriorating paint and crumbling features. Sometimes, they’re even spooky.

Abandoned homes are everywhere, and are especially commonplace during a recession. Yet, there are ways, as a real estate professional, to mitigate the possibility of reduced property values because of those blemishes next door.

The following are some ways you can approach the situation to get the most for your listing:

Contact the Homeowners’ Association
Most associations will cover expenses to help with maintenance issues, such as tending to the lawn. Then, this cost will be cleared by the bank before the land or home is sold.

Know your local & state laws
Some state governments will fine property owners for failing to maintain land. However, New Jersey’s state law sites banks as the primary entities accountable to maintain the property during the foreclosure process. Your city’s building division should be at the top of your contact list for inquiries about securing and maintaining abandoned properties and homes. Building code violations, fire risks and also vandalism can later be inspected by town officials who are notified.

Beware of the boundaries
During the selling process, in the meantime, quick fixes like planting taller shrubs or putting up a fence are worth the investment to minimize negative effects of the abandoned property on other neighboring properties. The view of distinct property lines is more pleasing to the eye. Planting or constructing a fence are often recommendations by home staging companies. Also, it is a good idea to install blinds inside a home to minimize the view of unsightly properties.

Lend a helping hand
But first, be careful not to trespass! Investigate who is the owner of the property and then offer aid—or else your innocent intentions could go to waste. After a little TLC, your property next to that unsightly land could soon sell.

If you are in the market to buy or sell a NJ home in Monmouth, Ocean or Middlesex Counties, call Leanne @ 917 596 2772 or Anna @ 732 371 3233.

FINANCIAL REASONS TO BUY REAL ESTATE NOW

Article Courtesy of Michael Scarimbola of SI Mortgage Group

Financial Reasons to Buy Now By The KCM Crew

Here are three great financial reasons why you should not wait before taking the plunge into homeownership.

1. The 30-Year Mortgage May Disappear:

There has been much debate regarding government's role in providing support for homeownership. There are several experts who believe if Fannie Mae and Freddie Mac's roles are eliminated, or even limited, it may be the end to the 30-year mortgage. This concern is addressed in MSN Real Estate's, Is it curtains for the 30-year mortgage?

2. QRM Requirements Could Be Much More Stringent:

Here are proposed changes to the requirements for a 'qualified residential mortgage':
Certain mortgage types would be eliminated
You would need to put a minimum of 20% down
You would need a minimum 690 FICO score
The ratios of income to both the mortgage payment and overall debt would become much more conservative (28% and 36%)
There would be loans available to purchasers who don't qualify under the new rules. However, they will probably be more expensive to the buyer (both in rate and costs).

3. Rents are Expected to Increase:

The supply of available rentals is decreasing and the demand is increasing. That will lead to an increase in rental costs throughout the year. The Wall Street Journal recently quoted a report by Reis, Inc in which it states, "Expect vacancies to continue declining, and rents rising through the rest of 2011 at an even faster pace."Bottom LineYou may be waiting on the sidelines to see if prices will continue to depreciate before you purchase a home. The mortgage expense is a major piece in the overall financial picture of homeownership. Make sure you consider it when timing your decision.Reprinted with permission.

All Contents ©2011. Steve Harney. KCMBlog.com.

If you know anyone who is looking to buy, sell or refinance a home, please call Anna @ 732 372 3233 or Leanne @ 917 596 2772. The greatest compliment you could possibly give us is the referral of your friends and family.

Eatontown, NJ Brookwood Townhouses For Sale

Eatontown, NJ Brookwood Townhomes for Sale! Just Listed this Eatontown, NJ Brookwood Townhouse for sale in the Brookwood community! This lovely well maintained townhouse for sale features 2 bedrooms, 2.5 baths with a loft area ideal for the office.

Eat in kitchen, with oak cabinets & ceramic tile, fabulous open floor plan ideal for entertaining. Ideally located facing Gazebo & Tennis court. Enjoy quiet time or BBQ on your rear deck. 1 car garage.

Brookwood is ideally located, close to shopping & Parkway & Rt 18...don't miss out! Being offered completely furnished at $239,500.

Call Leanne @ 917 596-2772 or Anna @ 732 371-3233 today to preview!

Visit our website to view all of our listings at http://www.leannelucarelli.com/