South Jersey Real Estate News

 

April 15, 2015

Burlington County NJ Homes For Sale

Burlington County NJ Homes

 

There are many different options from which to choose from when it comes to real estate in Burlington County. With forty municipalities in existence, Burlington County has properties for everyone. Whether you are looking for senior living, gated communities, or relaxed neighborhoods, Burlington County is the neighborhood to suit your living habits.

Listings are made readily available, and through the agents that are here for you, you will have the house of your dreams at the pace you are looking to carry out. Email alerts give the subscriber the loop of which houses have just been listed, or the ones you are already interested in.

When selling your home, there are also resources in your court. Burlington County real estate aids clientele with selling your property by gaging the market in the area. By doing this, they have an idea of the value of your home, by what others who have similar properties paid and sold theirs for. This information can be provided from listings online as well.

Know your Community

When making the move to Burlington County, getting to know the area is enjoyable in itself. The realtors in the area can assist with their knowledge of the community, and learning a bit from current residents is always a good experience. The assistance in finding the neighborhood that fits you best is also available when you need it. Wide varieties of gated, census designated, and unincorporated communities are what make up Burlington County, and what make the living here easy.

Home buyers feel a lot more comfortable when they know more about the neighborhood they are looking at. When children are being raised, and families are beginning, that is a top priority. Therefore, finding the neighborhood to start that process is what Burlington County realtors thrive at. The experience of being a real estate agent in Burlington County is what gives them the knowledge of the communities that would best suit your needs.

Real Estate Agent in Burlinton County, NJ

Burlington County real estate knows when you’re on the move in town, it’s all about family. Getting to experience what Burlington County has to offer is a great way to learn the traditions of the surrounding areas. The county is made up of 31 townships, and 3 cities. Within these cities, there is a vast amount of historical events, making up the great land of South Jersey. One of the leading agricultural areas, Burlington County is booming in every season.

Knowing when to make the move is something that seems like a daunting task. Not only determining if your family is ready, but the market as well. With the Burlington County real estate in New Jersey, information on the market and its contents is made available to all who are interested in the services they provide. Along with well needed market information, the move to adult communities is available as well, and realtors have options for assistance as well.

The pine in the surrounding areas is itself enough to attract tourists, having them in your own backyard is what many movers feel is a perk to the rich history they are also inheriting. With the land and agriculture available, the setting is one perfect to have a family to enjoy it. The move to Burlington County, NJ is made easy with the experience the realtors here bring.

Options in Burlington County

Burlington County real estate communicates all options to potential clients. Multifamily homes, row homes, lots, farms, and short sales, all the options allotted to the movers are what make the experience with New Jersey realtors an easy going one. Listings online advertise the availability of short sales and pre-foreclosure homes. This means, before a bank owns the property, the homeowner has the chance to retain the property, or a potential buyer may negotiate terms with the homeowner directly.

Being an agricultural area, Burlington County has vast amounts of opportunities for the potential farmer, and perfect plots of land for that purpose. The obtainability and upkeep of this option is easy and in the area it is common.

Along with being a farming community, there are also options for the luxury homes and properties with spacious land. Luxury homes listed as low as $515,000 are available, all with plots of land that would be perfect for gardening or the family horse. With all of the options available to the farmer, family, and adult living, Burlington County real estate works with many clients that are satisfied with the living areas, and current residents are satisfied to call such a loving community, home.

The Move to Burlington County

Moving is a process some families relate to stress, however with the best realtors in Burlington County, New Jersey, stress is no longer associated with their process. With the experiences potential movers get just visiting the area, calling this area home is what many families have dreamed of, and now are able to relay. Being a county with 3 cities, there is no shortage of land available to farm, garden, or just relax in, after all land so spacious is meant for just that. The move to Burlington County will be a pleasurable one, and with the amenities for those looking for happiness, this is a place worth raising a family and living in the moment. Ask the current residents and they will tell you stress doesn’t have to be associated with the move to Burlington County, New Jersey.

 

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Posted in Burlington County
April 8, 2015

Agents Selling Homes in Marlton, NJ

real estate agent Marlton NJ

There are many homes and properties for sale in the town of Marlton, New Jersey. Neighborhoods fit for young ones, as well as adult living, Marlton, also known as Evesham Township, has a wide selection of property ready to be moved in today. New Jersey real estate agent, Roxanne Ardary, makes the properties available for viewing to potential buyers.

New Jersey real estate has various options of gated communities, town homes, and condos all in beautiful neighborhoods. While moving is something that takes planning and a lot of effort, Marlton real estate has endless options for the buyer, or seller, to take advantage of. Transportation needs, shipping resources, buyers need not stress when it comes to the move to or from Marlton.

Finding a Real Estate Agent in Marlton, NJ

Finding a realtor in Marlton, NJ isn’t a difficult task. Though, you are either trying to sell your current home, or would like to buy one that suits your needs, something you would be satisfied with. Doing this may seem daunting, but with the agents selling homes in Marlton, setting out to achieve it got a lot easier! After all, moving to a home you will be happy with is what matters.

Talking to recent clientele of a certain real estate agent is a good way to find more information about their meetings. Firsthand knowledge is always best, so getting to know your real estate agent is necessary. Finding the best real estate agent in Marlton, NJ can be done online, seeing who has got various accolades, or going to the real estate office and asking in person who is eligible to help.

Finding the best realtors is as easy as finding their achievements or their experience. Being certified in certain areas such as senior real estate Specialist and Accredited Buyers Representative are good titles to have when looking for the right clients. New Jersey real estate agents set out to give you the best experience possible, so knowing which one is best for you goes a long way.

Finding properties in the area that have recently sold or are listed is helpful when looking for your own, and Marlton real estate agents will be able to help you obtain that information. Knowing what goes on in the market is always helpful when seeking your real estate agent. Their experiences will help make yours a good one when seeking a home. New Jersey realtors have the experience it takes to find what you are looking for.

Finding Your Home

This may be the most difficult part in your decision making, knowing what you want is the first step. Budget, area, size, everything ties in to your decision making process. Finding your new home is part of the process made easier when working with Marlton, NJ realtors. Getting Email alerts of properties being sold is always a good way to stay on top of what is being sold in Marlton. Signing up is made easy to do, and can be done online.

Finding your dream home can be done online with the Email alerts, or viewing houses on sale in person. Real estate agents make this particularly easy. Setting you up with a home you would love is their priority, and if you are unsatisfied, they are as well. If you know what you are looking for, finding the right one will be imminent.

Getting Started

Selling your home can be done by going to a real estate office and getting it listed. This is simple if you have the right real estate agent, keeping track of the market within the neighborhood of your current home. Doing this, your agent will know what to list your price at, know who to contact about getting it sold, and get you into the house of your dreams. Once you have your house sold, you now begin the home finding process.

Finding the home for you is as easy as knowing what you want. Condos, townhomes, duplexes etc. Knowing the neighborhood you want to be in goes hand in hand, gated, adult living, subdivisions, they are all made available online. Receiving Email alerts is also helpful, knowing what is listed in the area you are looking is a great way to find properties you may not have known were on the market.

Once you have found a home, services don’t stop there. The real estate office has plenty of resources to help make the move an easier one. Transportation, receiving help to move your items, and everything leading up to moving day is what your agent strives to make the best experience for you. Marlton realtors only are satisfied when they help you find what you are looking for. When they achieve that, and you are happy with the end result is when the job is done.

Settling In

Now that you are moved in and the process is nearly over, you are relaxing, knowing the move is over and less stressful. Marlton, NJ real estate agents want to keep their customers satisfied, so getting the deal closed is not only on your mind, but in their best interest. The hard work they put in to find your new home has now paid off, and settling in is now on hand. Knowing the neighbors in your area is made easier in the process as well, as you asked them about the surrounding properties and real estate agents work.

 

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Posted in New Jersey
April 1, 2015

Buying Property for Sale in South Jersey

Purchasing a home that has been repossessed by the bank can be done at one of the many auctions, or you have the option of skipping that step and buy before it hits the market. Roxanne Ardary, a full time South Jersey real estate agent, offers an immense amount of resources regarding her South Jersey homes for sale, and attention to the needs of the buyer.

Working with agents that know the best transportation and moving companies to make moving day simpler, she has access to the companies that get the job done right. Spacious homes, with rooms fit for comfort, to starter homes for the first time buyers. These all make up the neighborhoods of South Jersey. Moving is made easy with the personal attention you receive from the best South Jersey real estate company. Buying in the area is made easily accessible and abundant. Going about the process is no harder than a few words with a South Jersey realtor.

South Jersey Real Estate

Buying a home that has been repossessed is a process, and going about the process is made simple. When homes are foreclosed, the first part of the process is determining the equity is allotted to the property. Determining this can be done by obtaining a Broker’s Price Opinion or BPO. This is done when a sales agent deems it unnecessary to wait a lengthy amount of time for an appraisal. Doing this can issue a short sale, at the request of the homeowner, and if not given, can be sold at a foreclosure auction. If these methods are all used and no sale is imminent, the home is then owned by the bank.

Relocating

Buying real estate in South Jersey, is made easy due to the research the best South Jersey realtors take the time to provide to the consumer. When relocating to South Jersey, there are many different neighborhoods fit for families, age restricted communities, and first time buyers. Relocation to or from South Jersey is made easier to ensure that moving is not as stressful.

Services such as shipping and transportation are made abundant to the buyer or seller, leaving South Jersey or otherwise. Making the move that much simpler, relocating services are a top priority for the South Jersey real estate. Purchasing has never been so easy, and knowing where to begin has become just as simple.

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Forclosure Homes for Sale in South Jersey

When in pre-foreclosure, the homeowner still owns the home, and as a homebuyer, it is now the owner you are working with to make the purchase. This process is the first of which the home may be available, being that the homeowner can still be sure to maintain ownership. If interested in a home being in the beginning stages of foreclosure, getting with a real estate agent and communicating with the homeowner is the first step.

The fact that it is still pre-foreclosure, the homeowner may not be interested in selling. If an agreement is reached, however and both sides want to continue, terms must be reached for the purchase. When buying the property in pre-foreclosure, it is important to have an attorney or company issuing titles to help in this part of the process.

Auction Properties

When going about acquiring property at an auction, the steps are made easy to follow for the first time buyers. It is a good idea to drive by homes for sale in South Jersey to get a feel for the neighborhood, as well as the condition the property may be in. Doing this, information about the property and surrounding areas can be easy to come by, from neighbors or talking to the homeowner.

Now, you can determine the status of the auction, if the homeowner is attempting to retain the property, or if the auction will be pushed back. When attending the auction, the regulations are different in certain states, needing the full amount of the bid present at the time. Auctions typically take place in the county of the property or nearby.

Determining how much you are willing to bid on the property is an important piece in the plot, and not one that should be taken too lightly. Auctions have the environment which bidders attempt to make potential buyers exceed the amount which they previously planned to spend. Setting a ceiling for which not to exceed at such an auction will keep you from paying a greater amount.

Making sure the auction has not been postponed is important, and making sure ahead of time will also allow you to clear the rescheduled auction date. Being the winning bidder, you may take ownership right away, or could take up to a few days to get the proper ownership.

Closing the Deal

Real estate brokers are often the ones hired to sell the REO properties, but do vary with larger and smaller banks. Banks often work closely with buyers to be sure a deal is done. This is so their loss isn’t significant, getting the property sold to a reliable buyer.

South Jersey realtor, Roxanne Ardary, has had great success in the South Jersey area. Buying South Jersey real estate has been given the passion of the best real estate company. Purchasing property in the area is made easier with the attention and credibility, and realtors work closely with the buyer to ensure the happiness as well as the satisfaction of the buyer along with the seller.

 

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Posted in South Jersey
March 30, 2015

Mt Laurel Real Estate New Jersey

Cherry Hill real estate New JerseyIn the suburban town of Mt Laurel, there are a variety of neighborhoods and developments that are ideal for families and investors. It is a great area and Mt Laurel real estate New Jersey has a lot to offer.

There are many nice, beautiful, and new homes to look at in the area, but as someone seeking a good investment, you may want to consider real estate owned properties.

Real estate owned or REO properties are owned by a lender, usually a bank, government agency, or government loan insurer, after the property failed to be sold at a public foreclosure auction.

At a public foreclosure auction, a beneficiary will usually list the starting bid for at least the outstanding loan amount. If nobody bids on the property, the beneficiary will legally repossess the property. The reason this happens is normally due to the fact the outstanding loan is higher than the market value of the property at the time.

After the beneficiary repossesses the property, they will list it in their books as a REO property and categorized as an asset (non-performing asset).

Mt Laurel, NJ Real Estate

There are a lot of nice houses in the Mt Laurel, NJ real estate system, but if you are looking for a good investment, REO properties are something you should look into.

Once a property goes into a distressed status, which means the homeowner or borrower has not paid the mortgage, the beneficiary will go on to figure out the property’s equity. The way they do this is by obtaining a Broker's Price Opinion (BPO) or ordering an appraisal.

Based on the equity amount, the bank will decide if there will be a short sale based on the homeowner’s request. If there is not short sale, the beneficiary will go on with the foreclosure. To become a REO property, the property will have had to of gone through an auction and short sale without a bid or purchase.

When the bank buys a foreclosed property from a public foreclosure auction, the property reverts back to them which will also make it a REO property that anyone can buy.

After the property has been classified as REO, the beneficiary will either need to go about selling the property on its own or with help from a REO Asset Manager. The beneficiary should take off the liens and debts on the property so it is able to be sold to the public either through future auctions, direct marketing through a real estate broker, or by itself.

The majority of the time, REO properties are not in the best possible condition to be sold in. they need maintenance and repairs to follow upkeep laws and to preserve and prepare the property for sale. This is normally in the hands of the mortgage servicer and is taken care of by a specialized property preservation company. They will do things to the property like secure it, pick up debris, maintenance the property, and rehabilitate it.

There are a few ways that you are able to buy a property in a REO or foreclosure state.

  1. Investors or homebuyers can purchase it in the first stage of default before auction.
  2. At a public foreclosure auction, investors can purchase a property.
  3. If there is no bid and the bank takes the property, the property can be bought from the bank or lending institution.

Many people invest in REO properties for many different reasons. They might like the property’s style or character and want to fix it up in a rehab product. There are four main reasons that the majority of people look at.

  1. You will have to deal with homeowners. The bank has already purchased the property so anybody that was involved in the home or property should be out of your way. Because of this, you will not have to worry about hard negotiations. The bank has no emotional attachment to the property and is probably ready to get rid of it altogether.
  2. You also will not have to worry about outstanding taxes. If the previous owner of the property failed to pay their property taxes, it does not fall on you. The bank should waive these fees. If you want to be safe about your decision, you can always do a title search on the property.
  3. If you buy the property at auction you will not have the opportunity to walk through and have an inspection which can hurt you in the long run. With a bank-owned REO property, you will be able to walk through the property and have an inspection before you buy so you know what you are getting into or out of.
  4. You get a discounted price on REO properties. Although you aren’t getting the best price after all the upkeep on your part, you are still paying less than you would on a new home at market value. These REO properties are under market value.

When you go into a REO deal, it’s important to have a professional and experienced realtor especially when it comes to negotiating. What you might thing is an amazing price and a steal, we might find is not. Investing in a REO property overall has a lot of benefits and is less than a new home on the market and you can make it yours.

Posted in New Jersey
March 22, 2015

Burlington County, NJ Realtor

6720858879_7950757fffAs a Burlinton County, NJ realtor I am here to offer you an abundance of properties that exist in the forty municipalities in Burlington County. They are all unique and offer a wide variety of housing and lifestyle options.

No matter if you are finally settling into the area or are new to Burlington County, you will find the right home for you even if it is a real estate owned property.

A real estate owned property or REO a property that is owned by a lender whether it be a bank, government agency, or government loan insurer after it has unsuccessfully not been sold at a public foreclosure auction.

The beneficiary at the auction will typically set the starting bid at least what is owed on the property. Because this is normally higher than the value of the property on the market, nobody bids on it. The beneficiary will then legally repossess the property and list it in their books as a REO property and categorize is as an asset (non-performing asset).

The Best Burlington County Real Estate Agent

As the best Burlington County real estate agent, I can give you the information you need on REO homes.

Before the home is even foreclosed on, it will go into distress because the borrower or homeowner has failed to meet mortgage payments. The beneficiary will then want to determine the equity on the home.

One of the most popular ways a beneficiary will gather the equity information is by obtaining a Broker's Price Opinion (BPO) or ordering an appraisal. Based on the amount of the equity, the bank will decide if there will be a short sale on the home if the homeowner has requested it. If there is no short sale, the beneficiary will go on with the foreclosure process. If the home doesn’t sell at a short sale or auction, it will become a REO property.

When the bank has bought the property at a public foreclosure auction, the property reverts back to the bank and becomes a bank-owned REO property. Anyone can buy these properties.

When the beneficiary repossesses the property and turns it into a REO, they will then go about selling it on its own or with the help of a REO Asset Manager. Liens and debts will be removed by the beneficiary so it can be sold to the public either through future auctions, direct marketing through a real estate broker, or by itself.

These properties are normally not in the best conditions as other homes and may need repairs and maintenance to maintain upkeep laws and be more appealing when it is for sale. This is usually the responsibility of the mortgage servicer and the service is often provided by a specialized property preservation company. They will take care of changing the locks and boarding up the home, debris removal, property maintenance, and rehabilitation.

When purchasing a REO property, there are three ways people are able to do it:

  1. In the first phase of a default and before the public foreclosure auction takes place, lenders and homebuyers can purchase the property.
  2. At a public foreclosure auction, an investor can purchase the property.
  3. If no one bids at the auction and the bank repossesses the property, it can be purchased from the bank or lending institution.

For some, it may take more to convince them that a REO home is right for them. They can be work, but they are a better investment for some families. There are four big benefits to going with a REO property.

The first advantage is that you will not have to deal with any homeowner. The only people you are going through are the bank. For you, this means a couple of things. First, you do not have to worry about kicking people out of their home because there should not be anybody there. Secondly, because the bank has no emotional attachment to the home, it will be easier to negotiate on a price.

The second advantage is no outstanding taxes. If the previous homeowner was not paying their property tax, you shouldn’t have to pay it off. The bank should waive these fees and you will be good to go. If you want to be safe, you can also do a title search on the property which is recommended anyway.

The third advantage is the option for a home inspection. If you went to the auction of the property, you are bidding without the chance to really look at the home to see everything that’s wrong with it. Buying from the bank, you are able to request the time to look and inspect the property. This saves you from any surprises before you buy the home and get yourself into a bad position.

The last advantage is the discounted prices. The prices for REO properties are lower than market value. This doesn’t mean you are getting a steal because of the work you will have to put in, but it is cheaper than buying a new home for market price.

When investing in a REO property, it is always best to have a professional and experienced realtor. We know the business and we know how to negotiate. What you think is a great price in negotiations may not be. We will give you the true price and try our best to get it.

Posted in New Jersey
March 18, 2015

Cherry Hill Real Estate New Jersey

5206684620_c24d06602bPeople come to Cherry Hill for the school, the mall and of course the location. Cherry Hill real estate New Jersey is full of properties for families and investors to look at and buy.

While there may be newer and nicer homes on the market, there are also properties that are real estate owned. These properties are a good investment for investors because they are profitable.

Real estate owned or REO properties are owned by a lender after the property did not successfully sell at an auction. These lenders are typically a bank, government agency, or government loan insurer.

At auction, a beneficiary will typically set the starting bid for at least the outstanding loan amount. If there are no bidders on the property, the beneficiary will legally repossess the property.

When this happens, it is normally because the outstanding loan amount is higher than the value of the property on the market. As soon as the property is repossessed by the beneficiary, it is put into their books as a REO property and categorized as an asset (non-performing asset).

Reliable Cherry Hill Real Estate Agent

As a Cherry Hill real estate agent, looking for the best investments is key. This is the case for any business or investor.

When a property goes into a distressed status it means that the homeowner or borrower has failed to pay the mortgage. In turn, the beneficiary will want to figure out the equity of the property.

One of the most popular ways for a beneficiary to do this is by obtaining a Broker's Price Opinion (BPO) or ordering an appraisal. Based on the amount of the equity, the bank will decide if a short sale is in order if the home owner requested one. If there is no short sale the beneficiary will go on with the foreclosure process. If the property isn’t sold at the short sale or auction it becomes a REO property.

The property also becomes real estate owned if the bank buys it at a public foreclosure auction sale. The property reverts back to the bank and it is a REO property that anybody can buy.

When the property is repossessed and classified as REO, the beneficiary will go about selling it on its own or with help from a REO Asset Manager. The beneficiary should remove all liens and debts on the home to try and resell it to the public either through future auctions, direct marketing through a real estate broker, or by itself.

Some of the REO properties aren’t in the best condition and require maintenance and repair to be in line with upkeep laws along with being available to the public. This is normally handled by the mortgage servicer and provided by a specialized property preservation company. The services they offer include securing a property, debris removal, property maintenance and rehabilitation.

When it comes down to it, there are three ways someone can purchase a REO or foreclosed property.

  1. In the first phase of default, investors and homebuyer can purchase a property before an auction takes place.
  2. Investors can purchase a property at the public foreclosure auction.
  3. A property can be purchased from a band or lending institution if there are no bidders at the public sale and the bank gets the property.

There are a lot of reasons why people choose to invest in REO properties. They might think it is a better deal or just like to rehabilitate properties. There are four big reasons, however, that always catch the attention of buyers and investors.

  1. To start, you will not have to deal with homeowners. Because the property is owned by the bank, anybody previously involved in the home should be out of the way. If you plan on negotiating the price of the property, you also will not have to worry about the bank having an emotional attachment to it. They just want it off their hands.
  2. When you purchase a REO property, there are no outstanding taxes. If the previous homeowner stopped paying property taxes, you shouldn’t have to worry about them. The bank should waive these fees but it is always safe to do a title check on the property.
  3. You have the option for a home inspection once the bank owns the property. If you are bidding on it at auction, then you get what you get and you might throw a fit later. When it is a REO property you can walk through and have the opportunity for an inspection before you make any final decisions on buying the property.
  4. REO properties are below market value and might seem like a steal until you figure out how much work you have to put into the home. This should not scare you away. Buying a new home will cost you a lot more than REO properties and overall will be a good investment.

If you are interested in a REO property, having a professional and experienced realtor by your side is essential. You won’t have to worry about being cheated with the prices during negotiations. We will take your price and get as close as possible to it if not lower. REO properties are good investments for new families and investors. They are waiting for you all over New Jersey and even here in Cherry Hill.

Posted in New Jersey
March 11, 2015

Marlton Real Estate New Jersey

4184216102_fc7c53d149_zIf you are ready to settle down or are new to the one of the many communities in Marlon, there are many beautiful homes to choose from and real estate owned properties that are waiting to be sold to ready and waiting families new to Marlton real estate New Jersey.

Real estate owned properties (REO) are properties that have been classified as distressed after a homeowner or borrower failed to pay the mortgage. A beneficiary will then want to determine the equity of the product so they will either obtain a Broker's Price Opinion (BPO) or order an appraisal.

Based on the information the beneficiary gets back will determine the bank’s decision on whether there will be a short sale if the owner requested one. If there is no short sale, the property will then continue into the foreclosure process. If the property isn’t sold in a short sale or a public foreclosure auction, it will become a REO property.

Reliable Realtor in Marlton, NJ

When a REO home goes to a public foreclosure auction, the beneficiary will usually start out the bid for at least the outstanding loan amount. If there are no bidders, a lender will repossess the property.

When there are no bidders on the property, it is usually because the amount owed on the property is more than the market value of the property itself. When the beneficiary officially repossesses the property, it will be listed as a REO in their books. It will be categorized as an asset (non-performing asset).

There are a few stages you can buy a foreclosed property in. The first is investors and homeowners can buy the property in the first stage of default before the auction takes place. The second way is for investors to purchase the property at a public foreclosure auction. Lastly, the property can be purchased from the bank or lending institution if there are no bids at the public auction and it was repossessed by the bank.

When the property has been foreclosed on, it reverts back to the bank and becomes a bank-owned REO property that anybody can buy.

After the repossession, the beneficiary will go through the process of trying to sell the property on its own or with help from a REO Asset Manager. Liens and debts will be removed by the beneficiary and the property will try to be sold to the public either through future auctions, direct marketing through a real estate broker, or by itself. A realtor in Marlton, NJ could also be one to sell the property.

Unfortunately, most of the bank REO properties are in poor condition and need repairs and maintenance to follow upkeep laws and preserve and prepare the property to be sold. The mortgage servicer is generally responsible for this and a specialized property preservation company will provide the needed services. These services include securing a property, debris removal, property maintenance, and rehabilitation.

If you aren’t sold on the idea of buying a REO home, that’s okay. It sometimes takes some persuading to get that there are a lot of benefits to a home like this. For a new family a project like a REO home might be the thing you need to start new and begin your life.

The first thing that is beneficial about a REO property is that you go through the bank. You do not have to worry about any homeowner unwilling to move out or hold onto a price for sentimental reasons. The bank is ready to get the property off their hands and will do the best they can to make sure they do get rid of it.

The second thing people enjoy is that there are no outstanding taxes. Although it is always good to do a search on the title of the property, the bank should waive the fees if the owner stopped paying the property taxes so you won’t have to worry about them.

When you buy a home at a public foreclosure auction, you don’t have the opportunity to get a home inspection. When the property is owned by the bank, you can request to see and inspect the property before you buy it so you don’t run into unforeseeable problems.

Bank owned properties are generally priced below the market value so people pay less for a good home. However, this doesn’t mean you’re getting the best bang for your buck. These homes normally require a lot of work so the price you pay will most likely go up.

When going into a REO property deal, you should inquire professional help. There are experienced realtors that know what there is to know about these properties. If you are planning to negotiate on the price of the property, leave it up to the professionals. They will get you as close to your ideal number as they can if not lower depending on the value of the property.

Marlton is full of beautiful homes and REO properties shouldn’t scare you away from the area or the property itself. Although they can be a lot of work when they are bought, the total amount you pay for the home and freshening up should be less than a brand new home on the market. You get to choose from a variety of communities and find one that is right for you and your family.

Posted in New Jersey
March 4, 2015

South Jersey Real Estate

Whether you are planning a permanent residence in South Jersey or are new to the area, you will be able to enjoy the diversity of the area.

There are many homes I will be able to show you in the South Jersey real estate business and many that you can get at a decent price because they are a Real Estate Owned property.

Foreclosure Homes For Sale in South Jersey

7932382540_10bc0a19b4_oReal Estate Owned or REO means that a lender owns a property. This lender is typically a bank, government agency, or government loan insurer. They will own a property when it was unsuccessfully sold at a foreclosure auction. During the auction, a foreclosing beneficiary will more often than not set the starting bid for at least the outstanding loan amount. When there are no bidders at the auction, the beneficiary will then officially foreclose the property and it will then become one of the foreclosure homes for sale in South Jersey.

When there are no bidders on the property, it is normally because the amount owed on the property is more than the market value at the time. As soon as the beneficiary repossesses the property they will list it on their books as REO and it will be categorized as an asset (non-performing asset).

For you, there are three different stages that you can buy a foreclosure home at. Before a foreclosure auction takes place, investors and homebuyers can purchase the home in the first phase of default. Investors can also purchase the property at the public foreclosure auction. Lastly, if no one bids at the auction, a property that has been foreclosed on can be bought from the bank or lending institution after it has been repossessed.

Once the property is purchased by the bank at the public foreclosure auction, it then reverts back to the bank becoming a bank-owned REO property. Anyone can buy one of these properties.

Before a property becomes REO, the property goes into distress because the homeowner or borrower has missed mortgage payments. Once this happens, a beneficiary will want to determine the amount of equity the property has.

A popular way to determine the equity on a property is by obtaining a Broker's Price Opinion (BPO) or order an appraisal. Based on this, the bank will decide if they will allow a short sale if it is requested by the homeowner. If a short sale is not requested, that is when the beneficiary will continue the foreclosure process where it may or may not become an REO property.

Property For Sale in South Jersey

Once the beneficiary has put the property in their books as REO, they will go about putting the property for sale in South Jersey. To sell the property, the beneficiary will sell it on its own or enlist the service of a REO Asset Manager. The beneficiary will also remove the liens and debts from the property to try and resell it to the public. They will do this either by future auctions, direct marketing through a real estate broker, or by itself. The asset manager may contact REO realtors that specialize in certain ZIP codes so they can assist in selling these properties. Real estate investors may purchase a REO property because of discounts offered to compensate for the condition of the property.

REO properties are usually in poor condition and will require maintenance and repairs to follow the upkeep laws and prepare the property for sale. This is usually the responsibility of the mortgage servicer and provided by a specialized property preservation company. The services they offer include securing the property by changing locks and boarding up, debris removal, property maintenance and rehabilitation.

If you aren’t sold on the idea of a REO property, there are a lot of benefits that will make you close the deal.

  1. The first thing that buyers will like is you do not have to go through homeowners. You buy the home directly through the bank. You won’t have to deal with getting people to move out of your home. Also, the bank isn’t attached to the home so you will not have to deal with sellers that are reluctant to negotiate because they don’t want to give up the home.
  2. You also will not have to deal with any outstanding taxes. If the last homeowner stopped paying property tax you won’t have to worry about it. The bank should waive those fees for you. If you want to be safe, you can do a title search.
  3. If you buy at home at a foreclosure auction, there isn’t a way to get a home inspection. When you buy a REO from the bank, you can, and should, ask for a home inspection. Because REO properties are usually distressed properties, you want to make sure everything is taken care of before you close on a deal.
  4. The biggest thing people like about REO properties is that they are below the market value. Unfortunately, if there are a lot of repairs and renovations that need to be made on the home, it can quickly make the price go up.

REO properties can be a great benefit for you as long as you have the right professional help. You should get an experienced realtor to go through with the negotiations on a real estate owned property.

Posted in South Jersey
Feb. 27, 2015

How New Jersey Realtors Deliver ROI

real estate in Mt Laurel, New Jersey

If you’re selling real estate in Mt Laurel, New Jersey, consider this: in business, it’s all about your return on investment (ROI). This return on investment is essentially the value or benefit returned to an investor in exchange for the commitment of resources. Conventionally, ROI is expressed strictly in terms of financial gain. However, there are other metrics; time, or more specifically time savings, is also a quantifiable return on investment. Enlisting the help of a New Jersey real estate professional to buy or sell your home will bring a substantial ROI in both time and money relative to completing your real estate transaction. Here’s a more in-depth discussion on this return on investment and how to optimize your success when partnering with a realtor.

Don’t be Fooled by Perceived Savings

Many people have the false opinion that there’s a substantial savings to be earned by forgoing the professional services of a realtor for buying or selling. While it’s true that agents – both for buyers and sellers – receive % of the sale price as a commission for services, the work invested getting to the transaction can be challenging, highly technical and requires a substantial investment on their part. In variable, people to decide to buy or sell on their own later report problems with the process, undisclosed issues with the property, or other headaches which might have been prevented or mitigated by a professional. Major expenditures are too important to take the risk. Plus, if you’ve ever had the misfortune of a sour solo real estate effort, you likely won’t make that mistake again.

ROI of Time

While you are working alongside your New Jersey real estate professional -- particularly in the beginning -- they will continue to work for you even when you cannot spend the time due to other commitments. Your realtor performs a market analysis, checks comparable homes, scouts other properties and reaches out to their real estate colleagues, prospective buyers and existing clients to perform the outreach critical to your success. Whether buying or selling, a realtor invests the time into securing your transaction, saving you valuable time in the process. From buy/sell agreements, appraisals, inspections and repair estimates, your realtor will put in the long hours necessary to get you to closing!

Additionally, realtors are planning open houses, showings, going through your property and making suggestions on best marketing options and how to showcase the best attributes of your home.  They can make suggestions regarding small improvements which can dramatically affect sales price. If you’re looking to buy, your realtor is doing the hard work of combing through listings, touring neighborhoods and screening properties to narrow your search to those properties that fit your needs. They are looking at prospective properties with a discerning eye and exploring options for negotiations on price associated contingencies. This, in turn, saves you the time of looking at properties you are not interested in. Again, these are small details which add up to huge time savings and efficiencies throughout the process.

ROI of Money

The commission a good realtor receives for their professional services can provide a substantial financial ROI in the form of better negotiations on price, thorough home inspections and review of disclosures, time spent on document preparation, assisting with financing and completing the real estate transaction. Real estate agents are professional negotiators, experienced in home repair, and knowledgeable about trends. They are able to synthesize this data into useful information that will aid you in making a solid purchase or sale in today’s competitive real estate market.

Working with your New Jersey realtor can have a significant impact on getting the best price for your property. There are many different factors that should be considered when establishing the value of your property. Your realtor will seek to get the greatest value by thoroughly evaluating your property, conducting a market analysis, and comparing similar properties sold within the previous year to come to a favorable figure that will result in a sale. Setting the price too high will result in poor response; too low and you’re leaving money on the table. This is where your realtor can make or break your real estate transaction.

Long-Term Relationships

Think of your relationship with a realtor as a long-term investment for the future. While your contractual obligations will cease after the sale closes, consider maintaining ties for future needs. Additionally, if you’ve received excellent service, be generous in your referral of a qualified realtor to friends, family and colleagues. Building this relationship creates trust and establishes valuable groundwork for future endeavors. Whether you’re looking at flipping a home, purchasing a summer vacation cabin, or simply buying and selling to get into the property of your dreams or build your financial wealth, sustaining a relationship with a trusted real estate professional will continue to yield high ROI well into the future.

Getting a Great Realtor

Maximizing your ROI with a realtor is dependent upon working with an expert. When you’re looking for a realtor, ask for certifications, references, and other performance indicators. Great performers will have no problem providing information on their credentials and aptitude. Interview prospective realtors just as you would interview a job candidate, health care provider, day care or other important professional. Investing the time in finding a great realtor will pay dividends for every real estate transaction. Beyond great skills, the best realtor is the one you connect with and that is committed to understanding your needs and working with you toward a successful outcome. Getting to closing is a complex process requiring professional expertise, entrepreneurial skill and persistence. Choose a realtor who embodies these qualities and has the desire to work hard to help you achieve your goals.

New Jersey’s real estate market is dynamic, highly competitive and presents immense opportunities. Working with a great realtor creates a powerful alliance from which to make sound investments, capitalize on property appreciation, explore options for growth and plan for the future. Working as a team, you will maximize your ROI for time, money and other invested resources as you work to achieve your real estate objectives.

 

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Posted in Mount Laurel
Feb. 23, 2015

Real Estate in Cherry Hill, New Jersey

Cherry Hill real estate New Jersey

Congratulations, you’ve decided to buy a new home! And we’re glad that you’ve decided to join us in Cherry Hill, New Jersey, but have you thought about what type of home you want? How many bedrooms you need, and what you can afford? If you’ve got that list all set, then wonderful, but you’ll still need to find a home that matches. And not everyone has time to sit around looking at real estate for hours on end, hoping and praying that the next click or the next page will hold your new home. That’s why Roxanne Ardary is here, working hard every day to do the footwork for you. Being one of the best realtors in Cherry Hill, New Jersey, she looks for great new homes at great low prices that could be an amazing home for you. And the best part is, with Roxanne, there’s no guesswork for you, no worrying, and no hidden rules or secrets. Even in Cherry Hill, a gorgeous town not too far from Philadelphia and right next to the Delaware River, Roxanne has found amazing homes at affordable prices, such as these:

61 Knollwood Dr.

It’s hard to find an affordable home with enough rooms, especially in such a high-class town as Cherry Hill. But on Knollwood Drive, there’s a home that has five bedrooms, three bathrooms, and room for a big family. The ornate double door opens up to a beautiful family room, grand hardwood flooring, large windows, and a stairway to the bottom floor. The kitchen and dining room are simple, with no overly ornate additions that can become gaudy at the drop of a hat. There’s plenty of counter space and tile flooring to make clean up a breeze, with plenty of windows to keep the room bright and lively. On the bottom floor, there’s another family room, perfect for curling up and watching a movie in. The tiled bathrooms don’t require a lot of dressing up, providing simple and entertaining designs for the occasional bathroom “selfie.” Let’s not forget the backyard, though! Even in Cherry Hill, you don’t have to pay for a large backyard. This home sits on a large yard, which can be viewed from the beautiful redwood back deck, and is great for barbeques, parties, and playing. For such a large home in Cherry Hill, it’s a steal for only $275,000.

6 Carlton Rd.

If you’re looking for modern glam in an historic area, then this home is perfect for you! This unique five-bedroom home has custom stone fronting, huge spaces, two stories, and enough glamour to make you feel like a millionaire without spending like one. Head through the gate and through the front doors to be faced with a beautiful spiral staircase and a two-story foyer perfect for grand entrances and exits. Huge rooms aren’t all that this place offers, though. The kitchen itself is worth drooling over, what with expansive counter space, an island stove, beautiful lighting and room to stretch out. This home is made for parties and modest bragging, what with the huge family room complete with a stone wall and built-in fireplace and bar, a formal sitting room with beautiful chandeliers and tiled floors, and rounded archways for extra height. You’ll never run out of space in this huge 4800 sq. ft. home, especially after you’ve discovered just how much this home is hiding. There are three closets in the master bedroom alone, a patio on the second floor that faces out, a sunken tub in the master suite and a hidden sauna room. For this endless mansion, built to the brim to shock and awe, we’re only asking $325,000, an incredible steal for an incredible home.

1219 Winston Way

Smaller homes are still out there, and if you’re not looking for something too large, then a three bedroom might be just the ticket. This particular home is a more modest 1800 sq. ft., storing quite a bit of space. You might say that it’s larger on the inside, with large floor plans, carefully planned windows and bright airy colors made to stretch these large rooms even more.  The humble front view of this home can teach you a thing or two about judging a book by its cover, once you walk in to see the vaulted ceilings of the living room and dining room. The hardwood flooring shines in the daylight, fully sealed and carefully maintained, and leads the way to a modern dining room and a simple staircase. Between the two stands the kitchen, brightly lit with solid oak cabinetry and plenty of counter space. Up the stairs stand the bedrooms, bright and picturesque, made specifically to retain the summer feeling even through December. With modern décor and a fully finished and furnished basement, this home has left its past behind to be modern and secure, all for the incredibly low price of $250,000.

13 Saint Martins Rd.

Brick homes always seem to bring the charm, and this one doesn’t disappoint. This three-bedroom beauty boasts more than 2000 sq. ft. of space, doubled over two floors. Built in 1956 with a colonial style, the charm brings on a taste of history, while keeping the modern comforts in stride. With a breakfast bar, office, staircase with foyer, and huge master bedroom, It’ll be hard to leave the house for someplace less comforting. After all, the beautiful hardwood flooring and beautiful cherry cabinetry adds to a sense of age and class without actually taking away the luxury of modern applications. The bedrooms are all well lit, with large windows to bring the light in, and the bathrooms have been modernized and maintained well. There’s also a sealed off porch with a built in bar for the occasional lunch or party, with clear glass walls and doors to keep nature close, while keeping the bugs out. The basement is fully furnished, and with plenty of storage space, you’ll be able to make a second family room without a single box in sight. This home, as beautiful as it is, keeps its price low for the right family, at $279,900.

If you want a home in Cherry Hill, then you need Roxanne Ardary. She’s got her fingers on the pulse of the Cherry Hill real estate market, and can find you amazing real estate in Cherry Hill, New Jersey for amazing prices. If you’re set on Cherry Hill, then contact Roxanne at 856-857-2219 today!

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Posted in New Jersey