First time NJ home buyer loans allow buyers to get into a house more easily. However, just because you’re a first time home buyer doesn’t mean you should use a first time home buyer loan.

What is a First Time Home Buyer Loan? A person’s first home purchase is a big deal. It takes time, energy, and money. A good NJ Licensed Realtor will help make sure you spend your time and energy focused in the right places. To help with the money hurdle, many people use first time home buyer loans. These programs vary depending on where they’re offered, but the general idea is this: first time home buyer loans give financial assistance to qualified borrowers. Such loans are effective in various ways.
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If you are looking for a home away from home, minutes from the New York Ferry to Manhattan, New Jersey Parkway and the rest of the New Jersey Shore hot spots, one of these NJ homes may be the one you’ve been dreaming about and you can request a showing by Dan Kurland, dkurland@weichert.com or call (732) 233-6969!

To request a showing for any of the above properties, or any other New Jersey Shore homes, contact Dan Kurland by emailing him at dkurland@weichert.com or call (732) 233-6969 today!

Given the demographic demand, the second home market is expected to remain healthy for many years to come. The size of the second home market is significant. Analysis of the US Census Bureau data shows there are 7.5 million vacation homes and 39 million investment units in the United States, compared to 75.2 million owners-occupied homes.

The long term demand for second homes looks favorable because there are large numbers of people in their prime years for buying a second home. Currently, 38.7 million people in the United States are ages 50-59, 45.3 million people are between 40 and 49, and another 40.9 million are 30-39. These younger segments will drive the second home market over the next decade.

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Vacation and investment home purchases have followed different cycles over the past two years. Investment home sales declined sharply in 2006 as sepculators dissapeared, and the pattern continued in 2007 with an 18% decline to 1.35 million sales nationaly. Vacation home sales set a record in 2006 becuase there was pent up demand from buyers who couldn’t find a property as a result of tight supplies in preceding years. in 2007, recreational property sales declined 30%.

Second home buyers know that homeownership offers imediate benefits and long-term value. in 2007 8 in 10 second home buyers see their property as a good investment. In addition, 44% of all vacation home buyers and 57% of investment buyers said they were likely to purchase another home within 2 years.

For more information on purchasing a vacation or investment property on the Jersey Shore, contact Dan Kurland at (732) 233-6969 or dkurland@weichert.com.

Vacation sales are back to traditional levels, while investment transactions returned to pre-boom sales activity.

In 2007, buyers purchasing investment homes accounted for 21% of home sales, while vacation homes made up 12% of all exsisting- and new-home sales. Sales in each segment declined more than the overall market last year.
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Looking for a home along the New Jersey Shore can be a complicated task. But with the right NJ licensed agent, your experience will be not only pleasurable, but educational with regards to towns, sections, neighborhoods, and streets. In the past few years, many of those taking advantage of the Jersey Shore scene are transplants from northern New Jersey and New York City.

Not knowing too much about the area, except for the beaches, they turn to a local agent who cares about their wants and needs. These transplants still are still looking to work up north, but need an oasis away from the noise and crowd, but still close to mass transit and the beaches they have loved since childhood. Little Silver offers the best of all worlds in this charming colonial (pictured above). Locate this New Jersey Shore property by clicking 199 WILLOW DR, Little Silver, NJ. (more…)

Check out this spacious ranch style home in Wayside, NJ - Ocean Twp, NJ. MLS #20815524
Only $589,000

SPACIOUS RANCH IN WAYSIDE. 2 WOOD BURNING FIREPLACES. KITCHEN WITH GRANITE COUNTER TOP/BS FLOWS INTO FAMILY ROOM WITH BEAUTIFUL ENTERTAINMENT CENTER, SLIDING GLASS DOOR OPENS TO PRIVATE 2 TIERED DECK COMPLETE WITH HOT TUB. FREE-FORM SYLVAN POOL WITH SPA. LOTS OF OUTDOOR LIGHTING. PROFESSIONALLY LANDSCAPED YARD. HUGE FINISHED BASEMENT WITH COMMON ROOM, FULL BATH, WORK ROOM AND STORAGE ROOMS. ATTACHED TO 2+ CAR GARAGE. CLOSE TO SCHOOLS, SHOPPING AND TRANSPORTATION. SHOW AND SELL!!

Contact Daniel Kurland, listing agent, at (732) 233-6969 for showing today!

New Jersey news headlines of the past year have made one reality abundantly clear: New Jersey homebuyers need to give as much serious thought to their mortgage options as to their NJ home’s location and amenities. So what do NJ homebuyers need to know about securing a mortgage that is financially right for them?

Weichert Financial Services recently issued a press release with a few basic guidelines to help homebuyers make a sound decision on selecting a mortgage:

• Don’t judge a mortgage by interest rate alone. Instead, make sure its terms and conditions are in line with future plans and financial resources. Fixed-rated mortgages offer tremendous peace-of-mind for buyers who intend to stay in their home for the foreseeable future. The loan term is flexible, allowing borrowers to lower monthly payments with a 30-year, fixed-rate mortgage, or save on interest and own the home sooner if a shorter term is chosen. Adjustable-rate mortgages (ARMs) offer more affordable monthly payments and lower interest rates at the start for homebuyers who want to move or trade up in a relatively short period of time.
• Ask questions and more questions. There is no such thing as a dumb question when dealing with something as important as selecting a mortgage. In fact, Weichert’s “It Pays to Ask!” campaign was developed to encourage buyers to ask their Gold Services Manager questions about mortgage terms and the overall real estate process. Additionally, Weichert’s Home Buyers Seminars give customers the opportunity to learn more about the available mortgage options to purchase a home.
• Most importantly, work with a reliable lender. Buyers should never feel as though they are being talked into a particular loan. Choosing a lender that is reliable is the best assurance that the promised mortgage money will be there at closing. With mortgage guidelines changing every day, it is important to select a lender that is on top of changes and able to provide a wide variety of options.

  To learn more about Weichert Financial Services and Gold Services to help secure your dream of owning New Jersey real estate, feel free to call or email me any time.

First time New Jersey home buyers find themselves in a unique situation. I was NJ home buyer myself a few years ago, and it can be a stressful and liberating time in a person’s life, especially now in a buyer’s market. The term “buyer’s market” means there is more supply (houses) than demand (buyers), causing the price of homes to drop. Remember the supply vs. demand principle from school? Same deal, more inventory and less demand, the price goes down.

First-Time New Jersey Home Buyer’s NJ Real Estate Market

Potential New Jersey home buyers are in a position of power. Just like Aniken Skywalker (Darth Vader), abuse of power leads to bad things. A first-time NJ home buyer may assume that with the current state of the NJ real estate market they can submit an offer below the listed price. Reality is that NJ Real Estate Agents who are in the game these days are working because they have a pretty good grasp of the NJ real estate business and price their NJ real estate listings to sell at a fair market price.

First-Time New Jersey Home Buyer’s: Where to Start

Many first-time New Jersey home buyers are in their 20’s and have an excellent understanding of the internet. No doubt this is where you will start your search. Browsing the internet will allow you to view and research many NJ real estate listings in a short period of time - and that’s a good thing. (more…)

Everything In New Jersey Is Negotiable

In the New Jersey and the United States, were not used to negotiating a price for our every day purchases. But when you’re buying a NJ home, not negotiating the sellers’ asking price may mean paying more than the home’s fair market value. To avoid feeling that you paid too much, you must learn the art of give and take for a successful purchase price.

For example, you may find your New Jersey dream house with an asking price of $112,000. Your NJ real estate agent tells you that comparable homes in that area sold in the last six months for $100,000 to $110,000, so you make an offer of $100,000. Before formally presenting the offer to the sellers, your NJ real estate attorney or NJ real estate agent prepares a contract, writing in the appropriate contingencies, including the condition that all appliances and light fixtures remain in the home.

Within a few days, you receive a counter-offer of $110,000 with the seller’s contingency that you submit a pre-approval letter from your lender. After a few more rounds, the seller finally agrees to come down to $105,000 if you move the closing day from four weeks to six weeks to allow their kids to finish school.

Because you need to close in four weeks, you offer to let the sellers rent the house from you for two weeks after closing. The sellers accept. Finally, you have a deal!

Remember, the goal is not to crush the seller by getting everything your way. It is about getting your dream house at a fair price. And negotiations always involve a little compromise and give and take. To learn how read these 9 tips. (more…)