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Date Archives: October 2018

Real Estate In Ocean County NJ Home

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Home Buying | 11 Posts
Home Prices | 4 Posts
Home Sellers | 7 Posts
Smart Homes | 1 Posts
Uncategorized | 1 Posts
October
30

New stores, restaurants, fitness center planned for revamped Ocean County Mall

All three are in the works for Ocean County Mall.  Simon Property Group, the mall's owner, will demolish the vacant Sears store and build a "lifestyle center," at the Hooper Avenue Mall.

October
22

Understanding and Choosing Smart Home Products that Are Right for Your Lifestyle

Figure out which smart home products can work best for you.

Guest post by Patrick Hearn

Many people are drawn into the world of smart home technology by cool features like smart lights and smart assistants, because they help make life more convenient. But it can also be somewhat intimidating for people to get started when they're faced with a bevvy of technical terms and limitless options. Getting past the jargon and understanding how smart home devices can work together can all add up to a much more convenient lifestyle.

Here's how to figure out which smart home products can work best for you.

Consider How Devices Communicate

When you're selecting smart home devices, you may come across the terms Insteon, Zigbee, and Z-Wave. These are different types of networks that smart home products use to communicate with one another. Insteon can communicate over a Wi-Fi network or through the existing electrical wiring in your walls, while Zigbee and Z-Wave communicate only through your Wi-Fi network.

The main thing to keep in mind is that there are compatibility differences to consider. Not all smart home products are compatible with these networks, but the vast majority of smart home products will work with Zigbee and Z-Wave.

Choose Devices that Can Simplify Your Life

The number of available smart home devices grows with each passing day. Where once there were only smart lights and security systems, now you can purchase everything from a connected oven to a smart robot that vacuums your home for you. The majority of newer products are compatible with most existing products, and even those that don't work together straight out of the box can be made to work together through smart home hubs.

1. Security

Take a moment and think about the conveniences you want in your home. If you invest in only one type of smart home technology, make it a security system complete with security cameras. Connected home security systems make it easy to keep an eye on things around the house when you're away, and even the presence of a security system can be enough to deter someone with malicious intent.

2. Smart lighting

For people who work out of the home, go away on vacation, or simply want an easier way to manage their lighting, smart lighting can help. With smart lights, you can control your lights from afar with a mobile app. Because smart lights have been around for a while, there are a lot of different options to fit every budget and color range.

3. Smart assistants

A smart assistant is just what it sounds like — a voice-activated device that can tell you everything from the news to the weather, control your smart home, play music, and much more. Although each device comes with varying levels of complexity, most of the difference lies in the volume level of the speaker.

4. Smart appliances

These days, you can connect everything from toaster ovens to washers and dryers. Most of these alert you via smartphone when something is finished cooking or a load of laundry is ready to go in the dryer, but certain appliances offer different features. Any homeowner with a busy schedule and lots of chores can benefit from the conveniences of managing appliances remotely.

5. Smart power strips and outlets

Smart outlets are one of the easiest ways to add smart home tech to your home without breaking the bank. Smart outlets can control the flow of power to and from a device. You can monitor the status of an outlet from your phone and turn it on or off. Are you one to leave the house and panic over whether the iron was plugged in? Next time, plug it into a smart outlet and you won't have to worry.

6. Smart thermostats

Many people are introduced to smart home technology through a smart thermostat. These devices learn how you like your home to feel. If you keep it cooler at night and turn up the heat in the morning, a smart thermostat will pick up on that after a few days and adjust automatically. Like other smart devices, these can be controlled from your phone or via voice input with a smart assistant. They're also an energy-saver. Homeowners who are concerned with energy efficiency would benefit from this device.

With these devices, you can get creative and customize them to the needs of your lifestyle. Services like If This, Then That (IFTTT) make it possible to connect devices together in ways you never would have imagined. You can also connect them through a smart home hub, like one provided by your internet service provider. For example, program a smart light next to your bed to simulate a sunrise if you have to wake up before dawn, and trigger your heat to turn on. Program smart lights to turn a certain color based on the temperature outside. Set your smart coffee pot to be linked to a motion sensor so that it begins brewing the moment you get out of bed. Make your life smarter, and a lot easier, with the limitless options.

Patrick Hearn is an Atlanta-based tech writer for Xfinity Home. When not researching the latest gadget or home security solution, he can be found at the latest coffee shop trying the newest pour-over.  

**To see homes (from three Multiple Listing Services) for sale in Ocean County or Monmouth County New Jersey, visit our site where we have listing from the Monmouth Ocean MLS, Jersey Shore MLS and the Southern NJ Regional MLS.

October
18

In today's real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren't prepared.

In a recent realtor.com article entitled, "How to Find Your Dream Home—Without Losing Your Mind,"the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

This step will also help you narrow your search based on your budget and won't leave you disappointed if the home you tour, and love, ends up being outside your budget!

2. Know the Difference Between Your 'Must-Haves' and 'Would-Like-To-Haves'

Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the 'man cave' of your dreams be a future renovation project instead of a make-or-break right now?

Before you start your search, list all the features of a home you would like and then qualify them as 'must-haves', 'should-haves', or 'absolute-wish list' items. This will help keep you focused on what's most important.

3. Research and Choose a Neighborhood You Want to Live In

Every neighborhood has its own charm. Before you commit to a home based solely on the house itself, the article suggests test-driving the area. Make sure that the area meets your needs for "amenities, commute, school district, etc. and then spend a weekend exploring before you commit."

4. Pick a House Style You Love and Stick to It

Evaluate your family's needs and settle on a style of home that would best serve those needs. Just because you've narrowed your search to a zip code, doesn't mean that you need to tour every listing in that zip code.

An example from the article says, "if you have several younger kids and don't want your bedroom on a different level, steer clear of Cape Cod–style homes, which typically feature two or more bedrooms on the upper level and the master on the main."

5. Document Your Home Visits

Once you start touring homes, the features of each individual home will start to blur together. The article suggests keeping your camera handy and documenting what you love and don't love about each property you visit. They even go as far as to suggest snapping a photo of the 'for sale' sign on the way into the property to help keep the listings divided in your photo gallery.

Making notes on the listing sheet as you tour the property will also help you remember what the photos mean, or what you were feeling while touring the home.

Bottom Line

In a high-paced, competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.

October
17

The Coldwell Banker Way of Advertising 

National advertising campaigns that have scored highest in effectiveness for the real estate category five years running and innovative media activation make the Coldwell Banker Way of Advertising successful on screens big and small.

In real estate, exposure is everything. And from the top down, the Coldwell Banker brand provides it. Our national advertising campaigns have scored highest in effectiveness for the real estate category five years running*, providing valuable brand recognition that benefits our network of real estate professionals worldwide.

Leading campaigns have included stories that pull at the heartstrings and ads that have you at the edge of your seat. From puppies to X-Men, basketball to the power of the color blue, the true value of home and all the stories told within are where Coldwell Banker shines. Here are just a few of the noteworthy campaigns from Coldwell Banker in 2018:

"Old Dog New Dog" tells the story of how four legged friends make a house a home, highlighting a partnership with Adopt-a-Pet.com and the Coldwell Banker Homes for Dogs Project that helped hundreds of thousands of adoptable dogs find forever homes.

 

 

"Hoops" speaks to our love and dedication to people and home since 1906 and to our agents' ability to "read the situation" and show the unmistakable, irreplaceable power of human touch.

 

 

"Blue" highlights the power of the color blue. From the big blue sky to the deep blue sea, blue is true and blue is beautiful. And that's why it is the official color of Coldwell Banker.

 

 

While we pride ourselves on telling great stories on screens big and small, the innovative ways we reach our target audience through media are worth mentioning, too. Whether it be through top-tier media partnerships like our world-class partnership with NBC that features co-produced (and Emmy-award winning!) content showcasing Coldwell Banker agents on the real estate TV programming Open House, or tentpole activations like our "Hoops" campaign that ran on TV and digital streaming of the Men's College Basketball Tournament, or leveraging big data from our CBx Technology Suite to target the right buyer for a home, Coldwell Banker is leading the way in media activation, too.

And in a business where local expertise is everything, the Coldwell Banker brand also provides opportunities for our network to leverage the world-class creative in their own marketing. Customized versions of the national ads and elegant collateral present our real estate agents in a sophisticated and professional light at every touchpoint.

If you want to be part of a brand with the most effective advertising in the industry, visit coldwellbanker.com/careers to find out why your next move should be with the Coldwell Banker brand.

*Ace Metrix 2012-2017

Victoria Keichinger is the Director, Brand Marketing for Coldwell Banker Real Estate. When she's not managing national media and advertising for the Coldwell Banker brand at work, she finds herself most at home in Jersey City, NJ with her pre-school crush turned spouse (and baby on the way). A true francophile, she loves to travel and will go anywhere there are ski slopes.

October
3

2 Factors to Watch in Today's Real Estate Market Whether Buying or Selling | Simplifying The Market

2 Factors to Watch in Today's Real Estate Market Whether Buying or Selling

 

Interest Rates

Mortgage interest rates have been on the rise and are now over three-quarters of a percentage point higher than they were at the beginning of the year. According to Freddie Mac's latest Primary Mortgage Market Survey, rates climbed to 4.72% for a 30-year fixed rate mortgage last week.

The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.

Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford to buy will decrease if you plan to stay within a certain monthly housing budget.

The chart below shows the impact that rising interest rates would have if you planned to purchase a $400,000 home while keeping your principal and interest payments between $2,020-$2,050 a month.

2 Factors to Watch in Today's Real Estate Market Whether Buying or Selling | Simplifying The Market

With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5% (in this example, $10,000). Experts predict that mortgage rates will be over 5% by this time next year.

Inventory

A 'normal' real estate market requires there to be a 6-month supply of homes for sale in order for prices to increase only with inflation. According to the National Association of Realtors (NAR), listing inventory is currently at a 4.3-month supply (still well below the 6-months needed), which has put upward pressure on home prices. Home prices have increased year-over-year for the last 78 straight months.

The inventory of homes for sale in the real estate market had been on a steady decline and experienced year-over-year drops for 36 straight months (from July 2015 to May 2018), but we are starting to see a shift in inventory over the last three months.

The chart below shows the change in housing supply over the last 12 months compared to the previous 12 months. As you can see, in June, July, and August, inventory levels have started to increase as compared to the same time last year.

2 Factors to Watch in Today's Real Estate Market Whether Buying or Selling | Simplifying The Market

This is a trend to watch as we move further into the fall and winter months. If we continue to see an increase in homes for sale, we could start moving further away from a seller's market and closer to a normal market.

Bottom Line

If you are planning to enter the housing market, either as a buyer or a seller, let's get together to discuss the changes in mortgage interest rates and inventory and what they could mean for you.

 

 

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