tag:blogger.com,1999:blog-1386589313525327542015-11-11T09:31:49.033-08:00New Jersey Commuter Towns Real Estate Video Blog with Sean QuinnIf you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Sean Quinn - your professional New Jersey Commuter Town Expert.Emma Drewsnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-138658931352532754.post-68359062679731791242015-11-11T09:23:00.002-08:002015-11-11T09:31:49.058-08:00Why You Shouldn’t Trust Your Zestimate<style> .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } </style> <br /><div class="embed-container"><div style="text-align: center;"><!--insert embed code here--> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/n5R0V8cA9Ns?rel=0" width="560"></iframe> <!--end--> </div></div><br /><div style="text-align: center;"><i style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;">Buying a home? <b><a href="http://njcommutertown.blogspot.com/p/find-your-dream-home.html" target="_blank">Click here to perform a full home search</a></b></i><br /><i style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;">Selling a home? <b><a href="http://njcommutertown.blogspot.com/p/free-home-value-report.html" target="_blank">Click here for a FREE Home Price Evaluation</a> </b></i></div><div style="text-align: center;"><i style="background-color: white; font-family: Arial, Helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;"><b><br /></b></i></div><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Lately, there’s been a huge rise in automatic home valuations. One of the most popular services is Zillow’s Zestimate. For both buyers and sellers, it’s important to know that a Zestimate is not an “exactimate.”</span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> A Zestimate is not as accurate as a market value.</span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> It’s based on a proprietary formula and while they are a useful guideline for your home’s value, they do not take the place of a market analysis. </span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The market value is based on current conditions and what buyers and sellers are willing to pay. </span></div><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-afn6c5VRdVY/VkN5drJrkdI/AAAAAAAAhlE/NAN963V1o0k/s1600/SeanQuinn_PullQuote1111.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="100" src="http://2.bp.blogspot.com/-afn6c5VRdVY/VkN5drJrkdI/AAAAAAAAhlE/NAN963V1o0k/s400/SeanQuinn_PullQuote1111.jpg" width="400" /></a></div><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><br /></div><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It’s important to not get wrapped up in the Zestimate. Instead, you should get a CMA, or comparative market analysis. This will let you know what your home’s market value is, based on comparable sales in the area.</span><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> Zillow even says right on their site that their Zestimate should not take the place of a CMA. </span></div><div style="text-align: left;"><b style="font-weight: normal;"><br /></b></div><div dir="ltr" style="line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt;"><span style="background-color: transparent; color: black; font-family: "arial"; font-size: 14.666666666666666px; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Their information is not 100% timely either. Not all of the listings on the site are actually for sale, a lot of times I get buyers to ask me for listings that are under contract, but the sellers have no intention of selling.</span></div><div style="text-align: left;"><br /><span style="font-family: "arial"; font-size: 14.6667px; vertical-align: baseline; white-space: pre-wrap;">If you have any questions for us about this topic, or if you’d like to get a comprehensive CMA for your home, feel free to give us a call or send us an email. We look forward to speaking with you!</span></div>Frank Klesitznoreply@blogger.com0Warren, NJ, USA40.6342489 -74.500479640.5378429 -74.6618411 40.730654900000005 -74.339118100000007tag:blogger.com,1999:blog-138658931352532754.post-29947298773233814432015-10-07T11:19:00.001-07:002015-10-08T07:39:05.986-07:00Where Is the New Jersey Real Estate Market Heading?<style> .embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } </style> <br /><div class="embed-container"><!--insert embed code here--> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nUQyvBdGfOk?rel=0" width="560"></iframe> <!--end--> </div><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><br /></span></span><br /><div style="text-align: center;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><i>Want to sell your home? <a href="http://njcommutertown.blogspot.com/p/free-home-value-report.html" target="_blank"><b>Get a FREE home value report</b></a></i><br /><i>Want to buy a home? <a href="http://njcommutertown.blogspot.com/p/find-your-dream-home.html" target="_blank"><b>Search all homes for sale</b></a></i></span></span></div><br /><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;">Today, I want to briefly discuss New Jersey market trends.</span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><br /></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;">Just the other day, I attended the premiere conference when it comes to analyzing recent New Jersey market trends. It is run by the OTTEAU Group, an independent appraisal company that crunches all the numbers regarding New Jersey real estate stats.<b style="font-weight: 700;"> </b></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><b style="font-weight: 700;"><br /></b></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><b style="font-weight: 700;">The good news is that the New Jersey market has appreciated 3% and next year is predicted to go up 4%, despite a definite rate hike.</b><span class="Apple-converted-space"> </span>The most dramatic appreciation, of course, was in the commuter towns in New Jersey, particularly those near a train line.</span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="http://2.bp.blogspot.com/-2Yk_CwBDzDE/VhViGvo9cWI/AAAAAAAAfxI/yJx6-bO7GD8/s1600/Quinn%2BPullquote%2B10.7.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="80" src="http://2.bp.blogspot.com/-2Yk_CwBDzDE/VhViGvo9cWI/AAAAAAAAfxI/yJx6-bO7GD8/s320/Quinn%2BPullquote%2B10.7.jpg" width="320" /></a></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: center; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><br /></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;">The report the OTTEAU Group provided included market conditions by county and sales trends by quarter. We saw the first two quarters get off to a hot start before sales really tapered off in the third quarter - this is expected to continue in the fourth quarter.<b style="font-weight: 700;"> </b></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><b style="font-weight: 700;"><br /></b></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><b style="font-weight: 700;">Despite the many challenges facing New Jersey right now - like slow job growth, the high cost of living, and the high cost of doing business - the next three years are predicted to be strong for New Jersey!</b><span class="Apple-converted-space"> </span>While rates are low for now, they are expected to rise soon! Additionally, the market is very price sensitive right now, so if you plan on selling, it's crucial that you price your home correctly.</span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;"><br /></span></span></div><div style="background-color: white; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: 18px; margin: 0px 0px 8px; text-align: start; text-indent: 0px; text-overflow: ellipsis; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; word-wrap: break-word;"><span style="font-size: normal;"><span style="font-family: Arial,Helvetica,sans-serif;">If you have any questions about where our market is heading, or if you need real estate assistance of any kind, please don't hesitate to reach out to me. I would love to give you a hand!</span></span></div>Frank Klesitznoreply@blogger.com0Warren, NJ, USA40.6342489 -74.500479640.5378429 -74.6618411 40.730654900000005 -74.339118100000007