Monday, September 7, 2015

Moving to Maplewood: How many homes are there really on the market?

How many homes are there really on the market?

While I am writing this, i can't get the song: "will the real slim shady..." outta my head because If i were a buyer looking for homes, I would be so confused by the inconsistencies of the reported Homes-For-Sale on the market.

In the past few minutes I polled the 3 most used sites in Northern NJ and came up with 3 very different results:

How can this be? These are all reputable sites! Well, for starters, some of these sites likes to publish homes that have a status of "Pre-Foreclosure" or "Foreclosure-Auction" listed. What is a pre-foreclosure you may ask? It's a home that has an owner of record and that owner is now officially in default (meaning has missed some number of payments) on their mortgage. It DOES NOT mean the house if for sale! So, publishing these listings is mostly unfair to a potential buyer as there is no certainty that they will come to market as a either a traditional sale, a short sale or a foreclosed upon property anytime soon.

Then there is the issue of delayed status updates due to syndication. So, you have a very likely chance of selecting a property to see that either has an accepted offer or is actually Under Contract/Sale Pending; which means that unless the current deal falls through, this property is likely to sell to the pending buyers.

So what is the real number?

How do buyers best search for the desired property without wasting their time on listings that are not actually ACTIVE on the market? Put another way: how does a buyer go about their search efficiently and effectively? The sites that are generally the most accurate would be Realtor.com which is fed directly from the MLS; however, by looking at the 87 listings that were active in Maplewood this weekend vs the 61 that are showing on the Garden State MLS, still leaves us doubting what is the real number. The Garden State MLS should be the most accurate, but sometimes there are homes listed on other MLS's that don't syndicate to the GSMLS and sometimes there are properties listed for sale online that are also not listed on the MLS as of yet, which most sellers will wait for the market to get them the most money for their property.

The is only one conclusion one can draw from all of this and that is that the best recommendation to help buyers sift through all the data and supposed choices is to hire an experienced and qualified buyer's agent to help them with their search!

Mark Slade
Keller Williams
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 (ABR), 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 County thrown in for good measure) is one of my truest passions, and “Helping You Find Your Dream Home” is my number one priority.

Mark Slade

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