Monday, September 3, 2012

Short Sales in Maplewood

It's now Labor Day and the year is 2/3's over.

During the past 8 months, Maplewood has had 13 homes that were sold as short sales and I have been responsible for 4 short sale transactions as part of these Short Sales.

It's a lot of hard work, I can tell you from experience. The amount of paperwork is astounding if you are representing the seller(s). Like Olympic diving, the degree of difficulty ranges from a one bank transaction--like a 10' platform--to a transaction with two different banks--which is like a 30' platform dive.

At the same time, when I represent buyer's in a short sale transaction, I find myself repeatedly reminding them of the average lead time--3 1/2 to 4 1/2 months--it takes to close a short sale and also warning of what appears like information blackouts as we go days, sometimes weeks, without any news from the selling side on any progress.

Here is a testimonial from one of my recent buyer clients: "The biggest benefit to purchasing a home through the short sale process was being able to buy a nicer home in a better area than we originally anticipated. The biggest challenges were the wait time and feeling like the process wasn't transparent or under our control. Overall, we are happy we went through the process because we love our home and our neighborhood."
Listed by Coldwell Banker, Robert Northfield: Sold by Mark Slade, Keller Williams

Currently, there are 34 Short Sales on the Market in Maplewood and 7 of these homes have accepted offers that are being negotiated with the banks for final approval. The average DOM--Days on Market--exceeds 213 days, which is almost 4 times the average DOM for homes sold this year in Maplewood.

Mark Slade Keller Williams 917.797.5059 Good Homes

Selling a Maplewood/South Orange/Millburn/Short Hills area home involves many steps and having an experienced Maplewood New Jersey Real Estate Agent and Realtor®, specializing in the Bedroom Communities of New York City in Essex/Union County— Millburn, Short Hills, Montclair, West Orange, South Orange, Livingston, Maplewood, Springfield, Summit, Madison, Chatham, Scotch Plains, Fanwood, Cranford and Westfield--by your side will make the transaction run a lot smoother. I would love to be your Maplewood/South Orange New Jersey Area Real Estate Professional! I assist both buyers and sellers in the Bedroom Communities of New York City, mostly served by NJ Transit’s Mid-Town Direct Train Lines, offering commutes of 45minute or less to NY Penn Station, with either the purchase and or sale of residential real estate.

As an Accredited Buyer’s Agent (pending), I have received special training to guide and educate you through the entire home buying process. From start to finish, I listen to your needs and desires in what you would like and take the information you give me to find you home. My GO-TO team can provide you the best in Real Estate advice with regard to attorney choices, Home Inspectors and Mortgage Loan Officers

As your Maplewood/South Orange/Millburn/Short Hills/Essex/Union County New Jersey listing agent I am well versed on as your local expert in all things in the Maplewood and South Orange area Real Estate Market. You can expect personalized service that includes a detailed consultation on how to best position your Mid-Town Direct home to be competitive in today’s market with training to provide my clients with an in-depth Advanced Comparative Market analysis, and advice on staging. As my office’s technology officer as well as both a Zillow Platinum Premier and Trulia Premier agent, I use the latest and most up-to-date marketing methods to get your home in front of as many buyers as possible. Being your New Jersey Real Estate Agent and Realtor ® not only involves just finding the home or selling the home, but being your guide, negotiator, advisor and advocate and making sure that your needs and goals are met. Being your New Jersey Essex/Union County area Realtor® (with a little bit of Morris Cty thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority.

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