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Jeffrey Hoffman

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Recently listed - 112 Cambridge Dr, Aberdeen, NJ 07747

3/14/2016

 

LOCATION!!! Move-in-ready, sun-filled, apprx 2325 sq ft 3 Bed, 2.5 Bath, Colonial - Walk to NYC Bus....convenient to Garden State Parkway, NYC train, Rt 34 & Rt 35

Click Here to view MLS listing, more photos or vitrual tour - 112 Cambridge Dr, Abeerden, NJ 07747

Open Layout Colonial in desirable Strathmore section of Aberdeen w Redone Kitchen & Bonus 24x24 Family/Great rm. 3 Nice Sized Bedrms, Engineered Hardwood Floor in Foyer, Dining Rm & Redone Eat in Kitchen w extended Granite Counters, Newer Cabinetry, 2 Glass Cabinet dr Inserts, Tile & Subway Backsplash.  Fenced-in level backyd w patio. WALK TO NYC BUS, playgrd & swim club (uc). Very convenient location to Rt 34 supermarkets, restaurants, daycares, Garden State Parkway & train. Also convenient to beaches, Rt 35 shopping (Costco, restaurants, shopping), farms, Holmdel & Doorbrook parks, Rt 18.

MLS: 21608130

Price: $389,900

 

          112 Cambridge Dr Aberdeen NJ - dining room

 

112 Cambridge Dr Aberdeen NJ - eik opens to living rm      112 Cambridge Dr Aberdeen NJ - bonus family/great room

 

112 Cambridge Dr Aberdeen NJ - front of home             112 Cambridge Dr Aberdeen NJ - fenced in level yd

 

 

112 Cambridge Dr Aberdeen NJ - enjoy the lifestyle

 

 

 

 

 

Home Improvement: DIY or Leave It to the Pros?

10/8/2015

Home Improvement: DIY or Leave It to the Pros?


Invest a little and gain a lot. 

Not only can remodeling get costly, but also more difficult than you might have thought. So that leaves you two choices: know when to call the pros or when to get your hands dirty and do it yourself.

The most common mistake new homeowners make is that try to do home improvements when "they should really consult with someone," said Sandra O'Connor, a real estate agent with Allen Tate Realtors in Greensboro, North Carolina.

So how do you know whether to call the pro or DIY? A lot of the answer has to do with your skill level. Taking on more than you can handle can end up to be a costly mistake. Here are three things you can do to help you decide:

Create a budget. It will help whether you have a general contractor planning the renovation or if you are doing it on your own.

How much house can I afford
Research home improvement projects on websites, such as HomeAdvisor and Houzz, so you have an idea of how long the project will take and how much it will cost you.

O'Connor advised that "no matter how specific your budget is, it isn't uncommon to discover more expenses. So allow 10 to 15 percent allowance for unexpected surprises."

Figure out when it is worth it to hire a pro. For instance, don't mess with plumbing and electrical projects, home improvement experts say.

Hardwood floors are also one for the professionals. "Millennials prefer hardwood floors over carpeting. They think that refinishing the floor is a simple project, but it is actually more complex," O'Connor said.

If you're new to home improvement, try doing decorative projects. Repainting, laying carpet, installing a newer front door, changing or adding shutters and landscaping are good beginner projects.

Focus on the return on your investment. Studies show that remodeling your kitchen and bathrooms are at the top.

According to the National Association of Realtors, the national average on a minor kitchen remodel costs $19,226 with an average payback of nearly 80 percent. The average bathroom remodel costs about $16,724 with an average return on investment of 70 percent.

"Across all generations, kitchens and bathrooms are at the top of the renovation list," said Nino Sitchinava, the principle economist at Houzz.

What is the inventory of Marlboro and Manalapan NJ real estate? Why does it matter?

6/1/2011
The amount of Marlboro (Morganville) and Manalapan NJ real estate inventory is a measure that identifies the amount of inventory on the market relative to demand.

As an equation:
Months of inventory = (total # of active listings)/(average # of monthly sales over the prior 12 months)

For example, currently there are 386 active single family home listings in Marlboro (Morganville) and Manalapan, NJ priced at $400,000+. Over the last 12 months 348 single family Marlbroro and Manalapan, NJ listings (priced $400,000+) have sold for an average of 29 per month.

Months of inventory = (386 active listings)/(29 sold listings per month) = approximately 13 months of inventory. Active listings do not include homes in any stage of contract.

Months of inventory can be calculated for type of home (condo vs. single family), areas, specific neighborhoods, price ranges (300s, 400s, 500s, etc), or other variables.

It's generally agreed that when inventory falls between 5-7 months it's a balanced market. Above 7 months of inventory creates a buyer's market, allowing buyer's to dictate price and terms and providing more homes to choose from. When inventory levels fall below 5 months, sellers have more control over price and terms.

When determining asking or purchase price months of inventory is just one indicator. For example, you'd also want to take into account recent comparable closed sales, days on the market, time of year, buyer or seller motivation, listing expiration rates and other variables specific to your home or home of interest. Also important to keep in mind is that we live in payments, not price.  Meaning financing terms have a big impact on monthly payments; 30 year fixed rates are currently at historic lows, and even if prices go down if interest rates go up monthly payments may be higher.

Did winter leave your home worse for the wear?

4/12/2011

9 spring repair tips
by MSN Real Estate
follow me on twitter @homesinmonmouth

Home & Garden | Interiors: Choosing colors for your home

4/11/2011
 | Seattle Times Newspaper

5 Real Estate and Mortgage Urban Legends

4/7/2011
Entire feature films, websites and hour-long cable specials have been devoted to debunking urban legends, those modern fables that circulate at the speed of the internet.  And real estate is not immune; modern-day myths of easy-peasy seller financing, distressed sellers practically throwing their properties at buyers, and cosmetic fixers that can be had for pennies are just that - fairy tales which, if believed, can result in some not-so-happy endings...click here for the full article 
Source: Trulia

Is It Finally a Good Time to Buy a House Again?

4/1/2011
The real estate market has endured a few years of painful price drops, and home values may have a bit further to fall. But independent experts say the bottom is very close. With prices in many areas at 2002 levels, and mortgage rates at 5%, this may be the moment for you to buy a home...click here for the full article
Source: aol.it

Expected Home Price Changes By Year: 2011 - 2015

3/28/2011
Year-over-Year Cumulative
Year      (Q4 vs Q4 Prior Year)     (Q4 vs Q4 2010)
2011           -1.38%                                   -1.38%
2012            1.26%                                   -0.09%
2013            2.72%                                    2.67%
2014            3.19%                                    5.98%
2015            3.42%                                    9.64%
Source: MacroMarkets Home Price Expectations Survey, March 2011
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