Mountain Lakes, NJ Luxury Home for Sale

Quiet elegance is found throughout this spectacular custom home.   The unique design includes multiple sets of French doors that integrate the interior and outdoor living spaces into one and flood the home with natural light.   Details both romantic and practical are found around every corner-from the striking wrought iron balconies to the prodigious use of columns and arched doorways.Balance, harmony and grand scale are seen throughout the home, beginning in the entry foyer and the formal living room.   Framed by Tuscan columns, the living room has two sets of French doors leading to the front and side patio.   The banquet sized dining room boasts a set of French doors providing glimpses of the front patio. Well-appointed and well planned, the kitchen offers ample storage and food preparation space.   Nearby, the breakfast area enjoys views of the back gardens and waterfall.     Adjacent to the kitchen, the family room includes 3 sets of French doors and a stunning stone fireplace.   The first floor also includes a nanny suite and library.   The grand open staircase leads to the second and third levels.   The open landing on the second floor provides an ideal spot to read or watch television.   Four bedrooms on this level include a princess suite, two additional œJack and Jill style bedrooms and the master suite.   The master suite includes a spacious sitting room and a full spa-style bath.   The third floor adds two additional rooms, a craft room and a recreation room.  The professionally landscaped grounds include a waterfall, spacious side yard, life-sized chess set, patios and paver driveway.   The prime location in picturesque Mountain Lakes offers close proximity to all 3 schools, the lakes, tennis courts, shopping, major routes and easy access to New York City.   The perfect house in the perfect town, this home offers an opportunity that comes along once in a lifetime.   Grand living in a sought after town, this is truly a strategic move with an auspicious outcome.  

This home is listed with Virginia “Ginny” Cassidy at RE/MAX Superior Homes in Mountain Lakes, NJ for $1,849,000.   More information can be found at the home’s website:   www.155Boulevard.com or at Ginny Cassidy’s site:   www.GinnyStagesandSells.com.

 Mountain Lakes NJ Home for Sale

Welcome Home to 329 Morris Ave….

In colonial days, the Cape Cod style home became a popular New England favorite.   This popularity endures and today, home owners continue to enjoy the tradition, practicality and affordability of the Cape Cod home.   Part of the draw of this style home is the charming curb appeal, lovely details, a central fireplace and often custom built-ins.  

The town of Mountain Lakes, which was developed by Herbert Hapgood in the early 1900™s; he built over 500 craftsman style homes.   Most of these are located in the œSchool Section or the œHill Section of town.   After the war, there were approximately 200 newer homes built, many of these were Cape Cod style homes.   These homes often offer an economically priced home in the town of Mountain lakes where the median priced home is approximately $800,000.  

The home at 329 Morris Avenue is a unique home in that it is a Cape style home set in the œschool section of town just a few homes away from the town Cove.   This home offers affordability in the school section and is sandwiched between million dollar homes.  

 

Three twenty nine Morris Avenue is a bona fide example of the New England Cape Cod style home.   The charming curb appeal of this home is enhanced by the lovely gardens throughout the property.   A newly added paver pathway leads to the classic red door of this home.   The entrance vestibule offers a peek at the comfortable home beyond.   Once inside, a spacious living room welcomes visitors with a large fireplace and sunny front window.   A formal dining room has two custom built-in china cabinets and opens to the cheery eat-in kitchen.   A newer addition provides a large family room on the side of the home encircled with windows.   Three bedrooms include a first floor master and two more bedrooms on the second floor.   The full bath on the second floor and the one on the first have both been renovated and updated.  

The full basement offers the potential for additional living space with high ceilings and plenty of room.   New French Drains and a sump pump ensure a dry basement if the new owners choose to finish this space.  

Located just a short stroll to the town Cove, recreational activities including boating, swimming, and fishing are close at hand.   The town of Mountain Lakes offers award winning schools, 7 lakes, pathways, parks and tennis courts.   This park style community is also approximately 45 minutes from New York City and a short distance to Routes 287 and 80.  

A step back in time, this colonial style charmer offers a wonderful lifestyle, convenience and   recreation.   Set among homes valued at twice its asking price, this home is an affordable opportunity in the sought after town of Mountain Lakes.    

This home is listed with RE/MAX Superior Homes in Mountain Lakes for $560,000.   For more information about this home, please contact listing agent, Virginia œGinny Cassidy of the Realitivity Team where experience meets creativity.    She can be reached at 973-334-3500 or visit her website:   www.ginnystagesandsells.com.     Additional information is also available at the website for this property:   www.329MorrisAve.com.

Going Green when buying and selling a home¦  

Moving towards a greener earth is becoming a priority for many Americans today as we watch Global Warming increase and listen to the trials and tribulations of states looking to dispose of the overwhelming and ever growing mounds of trash the US creates each year.     As reserves of natural resources are depleted and increased smog leads to health hazards, Americans are looking for ways to reduce their ecological footprint and leave a better earth for their children and grandchildren.   Marketing Specialist, Virginia œGinny Cassidy at RE/MAX Superior Homes in Mountain lakes, NJ has earned the new Green Designation offered by the National Association of Realtors.

There are two core principles of advocates for a greener earth:   conservation and efficiency and social responsibility.   Both of these can be practiced on a personal level and small steps taken by each person can lead to large gains for all.   Some of the ways consumers can conserve include:    recycling, keep heat and air conditioning at reasonable levels, turn off lights and combine trips to reduce the usage of gas.   There are additional options available for homeowners.   These include:   using renewable energy sources such as wind generated and solar power or installing eco friendly units such as geo-thermal heating units.  

 

Builders creating new projects can incorporate green principles and products in their construction.   Renovation projects can also use green products or re-use existing materials in the home to reduce waste and consumption.   The government offers a certification to buildings meeting energy efficiency standards through the U.S. Green Building Council.   That certification is LEED or Leadership in Energy and Environmental Design.   Additionally Energy Star, the program that identifies efficient products, offers a certification of an œEnergy Star home to properties that are 15% more efficient than the average home.   There is also a Home Energy Rating System (HERS) that assigns a value to the home™s efficiency.   Encouraging builders to make use of the green technology and products available can be accomplished if the consumer insists on their usage and is willing to pay a little extra if needed.

According to the National Association of Realtors, over 90% of today™s homebuyers are concerned with finding a home that is energy efficient.   Additionally, the McGraw-Hill Construction Smart Market Report states that over 44% of home remodelers are using green products.   For consumers interested in purchasing green products, the Green Home Guide Web Site is:   http://aboutgreenhomes.info .

The National Association of Realtors has developed a training program and designation for Realtors to assist them in counseling buyers and sellers about green products, green buildings and green renovations.   The designation is through the Green Resource Council and awards Realtors completing the training with the Green Designation.   Virginia œGinny Cassidy has completed the course and earned the Green Designation.   As part of her efforts, she has developed several Green Practices of her own keeping her business Green on a small scale.   Ginny Cassidy  has developed the œGreen Brochure  which directs clients to a complete website for the home, a virtual brochure with links, virtual tours, descriptions and updates for the home,  neighborhood information and slide shows (see sample brochures  at:   www.19SouthRockawayDrive and www.87BallRoad.com ).   Additionally, she is working on limiting her mailing lists by compiling her client™s email addresses and sending out virtual postcards and newsletters.  

It is ultimately the consumer, however, who dictates what practices businesses and builders will use.   Questioning builders, looking for products and companies that make conservation and efficiency a priority is the best way to make changes happen.     Supporting Eco-Friendly practices in your purchases and when choosing a business makes a difference.

Each of us will leave an ecological footprint on this earth.   We have big shoes to fill when it comes to maintaining our earth for future generations.   Small changes will have a huge impact when they are done in cooperation and in combination with our community.  

For more information about purchasing an energy efficient home,   incorporating green technology in your own home renovation or marketing your energy efficient home, please contact Ginny Cassidy, Marketing Specialist  (Office:   973-334-3500, Cell:   201-230-5539).

87 Ball Road Mountain Lakes New Jersey

 œThe word that is best loved in the language of every nation is home, for when a man™s home is born out of his heart and developed through his labor and perfected through his sense of beauty, it is the very cornerstone of his life.Gustave Stickley (Founder of the Arts and Crafts Movement)    

Welcome Home to 87 Ball Road Mountain Lakes New Jersey…

Herbert Hapgood, a developer, was solicited in 1908 to head up a new development that was to be a retreat from the polluted, busy New York City life.   The vision included a return to the simple life of the rural community and the arts and crafts designs of Gustave Stickley.   The Arts and Crafts movement, which began in Europe, was founded in the belief of preserving family life and stability and building with quality, natural materials.  The community he envisioned included man-made lakes, parks and walking paths.   The homes were built out of natural materials readily available such as chestnut wood, oak and field stones.   The homes included the œfamily Hearth as the center of the home.  Here the family could gather and spend time together.   That community is Mountain Lakes.  Hapgood built nearly 500 homes, but like many of the builders of the Arts and Crafts Movement, his endeavor failed.   After Haphood fled to avoid bankruptcy, the Belhall Company took over the development.   There were 60 Belhall homes built, of which 57 still exist today.   These homes maintain many of the features of the arts and crafts homes.   They maintained the vision of the importance of family life and the stability of the Mountain lakes Community.

The Belhall Company also fell into debt during the depression years and the company™s land holdings were divided to pay off debts and tax liens.   Utilizing the town™s tax liens on the Belhall properties, the Borough of Mountain Lakes was able to purchase most of the land.   After World War II, building resumed in Mountain Lakes.   A variety of home styles were erected on available land.   The Borough sold its properties and approximately 28 new homes were built each year until a moratorium on further land sales was declared in 1974.   Beginning in 1964, the town began to set aside land for town parks.   Today, the town maintains a total of 673 acres as environmentally designated areas.   This includes the chain of 9 lakes, right of way parcels and town owned open spaces.   Few homes were built after 1960 because the land for development was not available.   Today there are very few new homes in Mountain Lakes because the land is not available.   Newer homes are built on lots where another home has been torn down.  

 

87 Ball Road is a fine example of a new home meticulously planned, built and maintained.   This home not only provides the luxury of new technology, but also preserves the charm and integrity of a community also carefully designed, built and maintained.   Indeed this home fits right in with its circa 1912 neighbors; the impressive exterior is of stucco and craftsman design.   The original vision of the Mountain Lakes community as one where nature could be enjoyed while enjoying family life is maintained in this grand rendition of craftsman design and quality.

Visit:   www.87BallRoad.com   or contact listing agents, Virginia, Ginny Cassidy or Cynthia Grebenstein of the RealitivityTeam, www.RealitivityTeam.com to learn more about this wonderful home available for sale with RE/MAX Superior Homes in Mountain lakes NJ   973-334-3500.

136 Ball Road, Mountain Lakes, NJ

The home at 136 Ball Road in Mountain Lakes New Jersey is full of surprises.   From the curb, this charming cape with its new roof, vinyl siding and freshly painted shutters, is the façade for the deceptively large home inside.   Once inside, visitors are greeted with a meticulously maintained and updated home.   The spacious living room with beautiful wood flooring and wood burning fireplace is just off the entrance to the home.   A lovely room for entertaining and relaxing, this large room is bright and sunny with a large window overlooking the beautiful front yard.   To the right of the entrance is the formal dining room.   Two large windows, a built-in closet and wood flooring enhance this room located just off the kitchen.   The updated kitchen includes plenty of room for a table and has updated cabinetry and a door to the side yard.   The kitchen opens to a welcoming family room with a newly updated powder room off this space.   Along the back of the home, accessed through the family room is a spacious 3 season porch.   This room overlooks the back yard.   The first floor also includes a functional office located off the living room.   This room is currently used as a music room.

 

The home has 4 bedrooms with the option of a first or second floor master.   The first floor master bedroom has a wonderful full bath with neutral custom tile and stunning vanity.   The second floor of this home houses 2 additional bedrooms and another full bath.   The larger bedroom includes a walk-in closet and has plenty of room for a sitting room.   This bedroom is the optional second floor master bedroom.   The full bath on this floor could be used as a shared master bath situated between the optional master bedroom and the other bedroom on this floor.

The lower level of this home spans the entire footprint of the home and is completely finished.   Located on this level is another bedroom, a den, an office area, exercize space, laundry room and another full bath.  

The many updates this home offers include:   all new windows, three full and one half updated bathrooms, newer kitchen cabinets, refinished wood floors, fresh paint and many updated light fixtures.   Spacious and well-designed, this home offers much more than similarly priced homes.  

The exterior of this home is also well designed and includes various spaces and pathways within its .34 acres of land.   A patio, deck, play ground area and many walking paths are situated among beautiful perennials and manicured gardens.    

Delightful, this amazing home offers a big lifestyle and surprises at every turn.   Definitely not a drive-by, be sure to come inside and wander around the exterior pathways to find a place that you will not only say is deceivingly large, but   the kind of place you will want to call home.

This home is available for sale through RE/MAX Superior Homes in Mountain Lakes.   The asking price is $639,000.   For more information, please contact the listing realtors, The Realitivity Team, Virginia œGinny Cassidy and Cynthia œCindy Grebenstein.   They can be reached at 973-334-3500.   You can also learn more about this home by visiting its website:   www.136BallRoad.com.  

Mar

25

Wind along Sun Valley Way in Morris Plains, past the park, beyond the neat rows of homes, up a slight hill to arrive at 155 Sun Valley Way.   A new paver  walkway  leads to this contemporary home with traditional flair.  

 

 The unique layout provides a traditional interior with exceptional architectural details enhanced by the contemporary style on the exterior.   Entering the home, visitors expect to find an interior also modern in style.   Although there are several features indicative of a contemporary home including large windows, soaring ceilings, skylights and open spaces, the basic layout is that of a traditional center hall colonial.  

The foyer with its soaring ceiling and open staircase welcomes visitors to this special home.   The traditional layout situates the dining room to the left and living room to the right.     Dressed up in classic stripes below its chair rail and topped with crown molding, the formal dining room presents a fashionable room for dinner parties, celebrations and family gatherings.   The living room that flanks this room across the foyer,  is a lovely space for formal entertaining with a welcoming feel.   Large windows, wood flooring and custom molding distinguish this room.   At the end of the entrance hall is the sunny kitchen.   A large window in this eat-in kitchen overlooks the spacious property.   Plenty of cabinets, a center island and access to the mudroom/laundry room complete this well-designed room.   Open to the kitchen is the family room with access to the back deck.   Custom features in this room include: soaring beamed ceilings, a lovely gas fireplace with floor to ceiling surround, sliding doors, two levels of windows and newer wood flooring.   A stunning powder room with designer paint and custom lighting is located off the foyer hall.

 

Upstairs, this home offers 4 bedrooms and 2 full baths.   The highlight of the master bedroom suite is the spectacular spa room.   This room with two skylights an oversized jetted tub and sloping ceiling,  provides a serene retreat, a delightful haven to enjoy at the end of the day. The attention-grabbing hallway overlooks the front foyer on one side and the two story family room on the other.   The interesting design positions two bedrooms on each side of the connecting open hallway.    

Additional spaces in this home include the basement and attached garage.   The full basement includes a finished den and unfinished space perfect for a workshop or storage. There is a two car attached garage with electric door openers and additional storage space.    

Outside, a new paver walkway leads to the front door.   Handsome landscaping fills the front gardens leading to the entrance.   The yard, fenced in the back, includes a two tiered deck accessed from the kitchen and family room.   The large property encompassing .66 acres, backs to woods and appears endless providing a sense of privacy and lovely views.  

155 Sun Valley Way is a home sure to please traditionalists, those seeking something a little different and proponents of contemporary design. Designed for today™s lifestyle, yet offering interest and exceptional details, this home is uniquely contemporary   on the outside while traditional on the inside.   It well designed for enjoying every day life, for formal and casual entertaining, and is conducive for today™s lifestyle. The unique design creates a home that lets you color outside of the lines while staying within the book.  

For more information about this home, please contact Virginia œGinny Cassidy, Sales Associate with RE/MAX Superior Homes.   Ginny Cassidy can be reached at 973-334-7555 ext. 2347   Website:   www.ginnystagesandsells.com .   Additional information is also available at the home™s website.   Please visit:   www.155SunValley.com.  

Feb

10

Boonton New Jersey Home For Sale

Posted by ginnycassidy under For Buyers, Listings

Stunning Colonial for Sale   in Boonton New Jersey

562 Fanny Road in Boonton New Jersey

Moving into 562 Fanny Road is as easy as turning a key.   Custom designed and decorated, this home, completed in 2004, was one of 8 properties built in the development known as Oak Hollow at Boonton.   Customized by the current owners, it provides upscale living and shows like a model home.     Meticulously maintained and upgraded with custom moldings, designer window treatments, beautiful granite and designer touches, it is truly œturn-key.

Professionally landscaped with manicured gardens, this home commands attention from the street with its stately stucco and stone construction and spectacular imported front door.   Once inside, visitors will not be disappointed.   The spectacular two story foyer with sweeping staircase and craftsman style light fixture welcome guests to this center hall colonial.   Arched doorways grace the first level and wood flooring covers the entire first floor.   The living room with wall sconces, tall windows and crown molding is perfect for entertaining.   Across the hall, the formal dining room is a show stopper with custom molding including a chair rail, spectacular designer drapes and crystal chandelier.   The kitchen and family room are located at the back of the first floor with French doors leading to the back patio.   A lovely fireplace wired for a large screen television is at the far end of the family room.   Granite, custom cabinets, stainless steel appliances and a Viking stove with hood grace the chef™s kitchen of this lovely home.   Additional rooms on the first floor include a laundry room with custom cabinets and a beautiful powder room with designer vanity.

This four bedroom home includes a full in-law suite in the lower level.   An additional bedroom, full bath, kitchen area and great room are located in the walk-out lower level, accommodating a multitude of lifestyles.   There is a separate entrance accessible just off the driveway of the home.   Families needing a nanny suite, accommodations for an older child or an in-law suite will find what they are looking for at 562 Fanny Road.

  The three additional bedrooms are located on the second floor of the home.   Climbing the turned staircase with oak banister and acorn finials, the upper hallway overlooks the beautiful foyer below.   Off to one side of this floor, the master bedroom suite includes two closets (one is walk-in), a stunning master bath with custom tile and a spacious bedroom.    The two additional bedrooms on this level have beautiful ceiling fans and custom window treatments.   These bedrooms are serviced with a lovely hall bath.

Centrally located in the Beautiful Park Section of Boonton, this property offers convenience with its central location.   Walkable or just a short drive to many necessities, this location is a tenth of a mile from the YMCA, a short drive to Route 287, a half mile to the Town of Boonton with its restaurants and stores, a half mile from the train station and a tenth of a mile from a town park.  

Offering all the upgrades today™s buyers are looking for, plus custom landscaping, designer window treatments, a full finished basement with complete in-law suite this home is better than new!   This œturn-key home offers a carefree lifestyle with easy access to transportation, shopping and parks.    Convenience, space and upscale living are just a turn of a key away.

To learn more about this home,  visit:   http://www.562FannyRoad.com or visit my website:    http://www.ginnystagesandsells.com.  

About 12 Hillcrest Road  A Mountain Lakes Home for sale

In the town of Mountain Lakes, the story is told that the original developer, Herbert Hapgood, utilized creative financing to develop the town.   In fact, rumor has it that Hapgood built his Craftsman style homes with two œfronts; both the rear of the home and the actual front appeared to be the front of the property.     The financing he requested from a New York bank was for two houses, not just the one he actually built, and one home was submitted as two utilizing the front and back photo.

 The home at 12 Hillcrest Road is an excellent example of Hapgood™s strategy.   Spanning between Hillcrest and Ball Roads, the lot allows a œfront view from both sides.   The current driveway, accessible from Hillcrest Road, is 300 feet and freshly paved leading to the home™s main entrance. The view from Ball Road, however, gives the appearance of the front of the property.   That view, the current back of the home, seems to be an enclosed front porch.   12 Hillcrest Road, charming and private, is a prime example of Mountain Lake™s rich historical past.       Having arrived at 12 Hillcrest, the slate porch opens to a sunny foyer welcoming visitors to this historic, well maintained home.   The living room and dining room still have the original, refinished parquet oak floors with inlaid mahogany border.   The woodwork in both of these rooms is the signature Hapgood rare chestnut wood, a material no longer available due to the Chestnut Tree Blight.   Coffered ceilings grace both rooms and a large brick fireplace warms the home in cooler months.   The spacious, updated kitchen is located off the dining room with a family friendly layout.   The breakfast bar island plus the separate eat-in area provide plenty of seating in this well designed kitchen.   Plenty of room for storage, and food preparation plus new appliances and wood flooring laid on the diagonal, blend this renovated space with the original home.   Across the dining room, is the spacious family room overlooking Ball Road and the home™s mature trees.   From this vantage point there are also stunning views of the New York City skyline from the room™s two large bay windows.   The family room measures 11 feet by 24 feet in size and has one wall with custom book shelves and media storage.   Just off this room is the sunroom leading to the large, private deck.  

Three large bedrooms plus a laundry room and full bath are located on the second floor.   The original master bedroom measuring 15 by 12 is located on this floor.   There is currently a master bedroom suite on the third floor with a walk-in closet and full bath.   However, the layout allows for the master to be located on the second or third floor of this home.

Location, condition, property, views and charm are all part of the package at 12 Hillcrest.   Barely visible from Hillcrest Road, this home is a true oasis located between two of the town™s most popular streets.   All three of the town™s schools, the library, post office, bus, train, the Main Lake and the Midvale Boat Dock are just a short walk from this location.  

The home is listed with RE/MAX Superior Realtors in Mountain Lakes.   For further information, please contact listing agent, Virginia œGinny Cassidy, Luxury Home Marketing Specialist at 973-334-3500 .   You can also visit this home on the web at:   www.12hillcrest.com.   There is also information available at the listing agent™s website:   www.ginnystagesandsells.com. Come for a visit.   The œLong and Winding Road from the entrance at 12 Hillcrest could be leading to YOUR   door.    

Jan

28

Curb Appeal

Posted by ginnycassidy under Ask a REALTOR, For Sellers, Listings

Curb AppealThe majority of today™s buyers (over 90%) begin their search for a home on the internet.   These buyers modify their search by scrolling through the photos available on major websites such as Realtor.com, GSMLS.Com, WSJ.com and Trulia.com.   The first photo available to buyers searching for homes is most often the exterior photo.   Most home buyers will not look at interior home photos if they deem the home unattractive from its exterior picture.   What this means to sellers is they must make an extensive effort to maximize the curb appeal of their home to increase their chances that   buyers will select their home from those available in their price range.The best way to determine what needs improvement for your home™s curb appeal is to look at the front of your home from several vantage points.   Pay close attention to what the buyer will see as they approach your front door.   What does it look like as you drive by the home?   Many buyers do a drive-by before making an appointment to see the inside.   The front door and porch or front steps are what buyers notice first.   Make sure the door is freshly painted, the hardware is polished and the door color complements your home.   The front porch and entry way can be dressed up by flanking the door with matching planters.   The planters should be the correct size for the porch.   Ensure that the planters do not impede with walking to the door or entering your home.   A new or freshly cleaned door mat should be placed at the door to welcome buyers to your home.  As a final touch, nothing says œwelcome home like a beautiful front door wreath complementing the colors of your home.The front yard and planting beds should also be addressed.   Make sure your grass is mowed and all yard debris is removed.  Trim bushes and make sure trees and bushes are not blocking the front of your home.   Buyers should be able to see your home clearly from the street.   Make sure the positive features of your home™s exterior are visible.     Trim work, window moldings and architectural details should be visible to help sell your home.   Look at your home at night as well as during the day.   Make sure the home has sufficient lighting to the front door.   Many buyers visit homes for sale in the evening.   Polish the light fixtures and replace worn-out bulbs.   Make sure the path to the front door is visible and clear of any obstructions.   Check that stepping stones in your entry path are not tripping hazards.Finally make sure your front door opens and closes easily.   Your home should give the appearance that it is well-cared for.   Struggling with the lock or needing to use extensive force to push the door open does not give a good first impression of your home.   Buyers establish their impression of a home within the first few minutes.     A beautiful exterior enhances their view of your home and gets buyers ready to be impressed after they walk through your front door.To learn more about preparing your home for sale, visit my website:   www.ginnystagesandsells.com.   At this site you will find more ideas for sprucing up your home for sale and also find a slide show of œbefore and œafter photos of a staged home.  

The number of homeowners in financial distress because of real estate is at an all time high.   The need for informed guidance from a trained professional is paramount for these homeowners.   There is help available.   The Distressed Property Institute is currently training Real Estate agents to provide guidance to homeowners facing financial crisis and also skillfully navigate through the systems to provide the owner with the best service and help them deal with their situation.

A typical market in the US would have approximately 1-3% of its inventory in some state of foreclosure.   In today™s market, we are seeing as much as 50% or more in states such as Florida and California.   In New Jersey, there were 5,757 filings for foreclosure in August.   All price ranges of homes are part of the foreclosure crisis.   Homes over a million dollars are the fastest growing category of homes filing for foreclosures.  

Homes become distressed for many reasons: job losses, adjustable mortgage rates that cause payments to be too high for the owner to meet and/or property values dropping leaving the home worth less than what is owed.   The homeowner does have options.   The government is now offering help through the Making Homes Affordable Act.   Their website is: HUD.GOV.   The possibility of working with a lender to sell the home in a œshort sale is another option for homeowners.   Using a short sale, the homeowner sells his/her home for what the market will bear and the bank œforgives the balance of the loan.   This is a process that requires time and patience, but can be the best option for a distressed homeowner facing possible foreclosure.

Foreclosure is very detrimental to a person™s credit.   Foreclosure is the most detrimental credit issue a person can have affecting their credit; it is almost impossible to have it fixed.   Short sales can provide a better option.   Homeowners must qualify for a short sale.   There must be a valid reason why they cannot make their mortgage payments.   Utilizing a short sale is almost always mutually beneficial to the homeowner and the lender.   The homeowner will most likely be able to restore his/her credit in the future.   The lender will most likely net the most money for the property using a short sale over foreclosure.

For buyers, short sales often present an opportunity to purchase a home at below market value.   However, the process is time consuming as many banks are back logged with the growing number of short sales and the paperwork can be overwhelming.   Realtors knowledgeable of the process can help in navigating through this process, helping you obtain a home at a very good value.   Buyers interested in exploring purchasing a distressed property should contact a realtor knowledgeable about the process.   Short sale properties are most often listed with a licensed realtor trained in the short sale process.  

To find out more about Short Sales, visit the website for Realtors certified to handle the short sale process.   The website is:   www.CDPE.com.   I am certified to help with the short sale process.   Visit my website:      www.ginnystagesandsells.com to learn more or call me directly at: 973-334-3500.  

1 | 2 | Next >