Bidding wars have returned to New Jersey in the first quarter of 2013 in a big way. The combination of low inventory, low interest rates, high priced rentals and few tax deductions left, are pushing buyers into competitive bidding?to own?homes across the country, and especially in towns with great schools and an easy commute to Manhattan.
#ShortHillsNJ has always been a community that attracts droves of people who want ?in?. This is?a?town where investors?they can?expect to appreciate in an upward trending market?and simultaneously offer their children an excellent public school education at top-rated Millburn High School.
The spring real estate market has a reputation for being frothy in Short Hills, NJ and surrounding Midtown Direct Train line towns in NJ like Millburn, Maplewood, South Orange, Summit, Chatham?and New Providence, NJ.
At?Towne Realty Group
Spring is in the air in the Short Hills, NJ real estate market. our agents are experts in these areas and are familiar with the communities and the?inventory of homes.??We live, work, play,?dine, shop & volunteer?in these towns day in and day out.
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As of April 1st, there are 94 homes for sale in Millburn & Short Hills and over 70 under contract (many homes are selling as exclusive listings before they appear on MLS and a large percentage are trading with multiple offers). It is not uncommon?for inventory to swell to over 150 homes for sale in any given month, so less than 100 properties onn the market is very low. Here is a link to that info from Garden State?Multiple Lisitngs.
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We pride ourselves on advising local sellers to prepare their homes to be?in tip-top shape?before they hit the market,?focusing on competitive pricing?and and a broad marketing campaign to reach thousands of prospects. Our? facebook friends, connections,?followers, circles, pinnners, foursquarers are into the thousands and we post on over 100 top real estate websites like Zillow, Trulia, Realtor.com, YouTube, NYT.com, WSJ.com and Luxury Real Estate.com? and on TowneRealtyGroup.com
Towne Realty Group is well known for our use of most of the social media platforms.Download our free mobile app at http://www.TRGMobile.com ?
We?assist buyers relocating to the area and?help them?get their finances in order so they are ready to get a?mortgage with a conditional commitment in hand. ?Our in-house loan officer with Chase. Call Anthony Difazio at 973-978-5959 or email: anthony.c.difazio@chase.com for info on Here is a checklist of what you need to get your commitment fast.
If you have questions about buying or selling a home in New Jersey, or anywhere in the world, I am here to help. Good luck! Karen Bigos 201-417-1600 cell/text or?kb@trghome.com
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Source: http://njhomeexpert.com/millburn/bidding-wars-return-to-nj-real-estate-shorthillsnj-is-hot/
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