Princeton Real Estate
by Josh Wilton
Looking for that great rental home in Princeton…? Start your search right here. Here is a list of all the rental homes available in Princeton from $2000-$4000. Good luck with your search!
by Josh Wilton
Tim McLaughlin VP Weichert Financial Services
There is no “perfect” house. No matter how hard you look or how many homes your Realtor shows you, there is always something you want to change, regardless of how small the change is. So before you decide to cross a house off your list because of minor flaws, here are nine things that shouldn’t deter you from buying a home:
– Unappealing paint: This is one of the easiest and cheapest fixes, especially if you do it yourself. Don’t let someone’s poor taste in paint colors convince you not to buy. Most buyers would rather pay a premium for a house that doesn’t need fixes than take the time and money to do the repairs themselves, even when they are as simple as a fresh coat of paint
– Outdated wallpaper: Grandma may have liked the red velvet wallpaper, but maybe you don’t. It will take work to remove old wallpaper, but it’s easy to do cheaply.
– Tired kitchen cabinets: Cabinet re-facing can be done inexpensively and make your old cabinets look new.
– Unfashionable wall-to-wall mirrors: They might have been hip in the 1970s or 80s, but now they are eyesores that can be removed and replaced with paint.
– Drab window treatments: They may be one of the first things you notice when you walk into a house. You can either offer them to the old owners, or easily throw them out and buy whatever you want to replace them.
– Broken air conditioners or furnaces: The caveat is if the fixes are inexpensive. A pump for a boiler, for example, may cost a mere $250, so having to fix one shouldn’t necessarily stop you from buying an otherwise good home.
– A lack of closet doors: Buyers walk away from a house because the closet doors are missing: a very easy replacement.
– Bathroom grout discoloring: Buyers who see this may mistake it as the sign of a moldy house. While mildew can lead to problems, have the home inspector check if it’s something that can be fixed with a little scrubbing.
– High mortgage payments: Given the historically low interest rates that exist in the market place today, this flaw is an impossibility!
by Josh Wilton
Are you one of those people that has ‘thought about getting their real estate license for years…?’ You now have a great chance to take the licensing course right in Princeton starting in June…for only $99!
There are two courses that start in June at our Princeton training location:
Day Course: 6/18 – 6/29. Hours are 9am-4:30pm, Monday – Friday.
Evening Course: 6/19 – 8/23. Hours are 6:30 – 10:15 pm, Tuesday & Thursday evenings.
Contact Josh Wilton to enroll: 609-921-1900
by Josh Wilton
Take a look at the newest Princeton listings! They range from the mansions to the more modest but they are all quintessentially Princeton!
by Josh Wilton
Tim McLaughlin, VP Weichert Financial Services
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors. NAR’s composite quarterly Housing Affordability Index rose to a record high of 205.9 in the first quarter, based on the relationship between median home price, median family income and average mortgage interest rate. This is the first time the quarterly index broke the 200 mark since NAR began record keeping in 1970.
Furthermore, NAR’s index shows the median income family, earning just under $61,000, could afford a home costing $325,500 in the first quarter, which is more than double the national median existing single-family home price of $158,100. The median monthly mortgage principal and interest payment for a median-priced home would take only 13.5% of gross income, given the level of where historically low interest rates are.
A companion NAR index measuring the ability of first-time buyers to purchase a home also set a record, with the first-time buyer index reaching 135.8 in the first quarter. “For those with good credit, we’ve never seen better housing affordability conditions or market opportunities than we see at present,” says NAR President Moe Veissi. ”
The US mortgage delinquency rate declined in the first quarter to the lowest level since 2008 as an improving job market and low interest rates aided borrowers.
The share of home loans at least 30 days late dropped to 7.40 percent from 7.58 percent in the previous three months, according to a report from the Mortgage Bankers Association. The rate peaked at 10.10 percent in the first quarter of 2010 and was last lower in the third quarter of 2008, when it was 6.99 percent.
“Delinquencies are clearly continuing to improve,” Michael Fratantoni, the group’s vice president of research and economics, said in a statement. “Newer delinquencies, loans one payment past due as of March 31, are down to the lowest level since the middle of 2007, indicating fewer new problems we will need to deal with in the future.”
Search all Princeton Homes here
by Josh Wilton
The Princeton Real Estate Market continues to be brisk with opportunities for both buyers and sellers.
Princeton Real Estate Activity the week of 5/6/12:
9 New Listings on the Market this week. A rare 5 bedroom home came on the market for less than $1 million this week!
8 Princeton homes went pending.
8 Princeton homes reduced their price this week.
Searching for Princeton Rentals? Click here.
Searching for Princeton townhouses? Click here.
Searching for Princeton homes? Click here.
