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Mountain Resort Properties Real Estate Blog

 

What If I Wait Until Next Year to Buy a Home? | MyKCM National home prices have increased by 6.7% year-over-year. Here in Sussex County we have yet to meet these standards, but the market is finally starting to change. Over that same time period, interest rates have remained historically low which has allowed many buyers to enter the market.

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home.

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index

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Dreaming of a Luxury Home? Now's the Time! | MyKCM

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control.

The inventory of homes for sale in the luxury market far exceeds the number of people searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer or can be found at a discount.

Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call their house their new home.

The sale of your starter or trade-up house will help you come up

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Below you will find a list of all of the Sparta NJ Homes for sale. The Sparta real estate market has heated up over the years due to its welcoming neighborhoods, great Location, the booming town center and vast options of homes types. 

Sparta is located along Route 15 in Northern New Jersey. A quick 15minute ride has you intersecting with Route 80 and other major roadways in the state. Also The Rockaway Mall with tons of shopping.

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If you are considering buying a vacation home or weekend getaway a condo hotel is a worthy consideration. The Resort Valley is home to three condo hotels, The Grand Cascades Lodge and Minerals Resort at Crystal Springs, and the Appalachian/Black Creek at Mountain Creek. You are not alone if your uncertain or confused as to how they work so here are answers to frequently asked questions.

In a nutshell, what is a condo hotel?

A condo hotel tends to be a mid to high rise building that functions like a normal hotel but rather than having one owner there is an individual owner for each room or unit.

What are the benefits of condo hotels?

Maintenance free living with rental income generated when you aren’t using your unit. You turn the key to

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61% of First-Time Buyers Put Down Less than 6% | MyKCM

The National Association of Realtors claims the majority of first time home buyers put down less than 10% when purchasing a home. This trend started to occur in 2016 has yet to slow down.

Most of the younger generation thinks it is vital to put down 20%. This is what our parents told us, and our education system. But let the truth be told you may be way closer to being able to purchase your home than you think. The median down payment in 2017 was 10% across the board and dropped to 6% for first time home buyers.

Aaron Terrazas’ a senior analyst from Zillow says this is why buying demand has remained so strong in 2017.

With rents rising across the board in almost every state throughout the country, more and more first time home

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In this blog, we will discover the benefits of homeownership.Owning a home is the American dream. a home not only provides financial benefits it also provides shelter and security to families.

Did you know:

-Homeowners move less often and are more likely to vote and volunteer time for political and charitable causes?

-Children of homeowners tend to perform better in school and attain high levels of education than children of parents who don't own a home?

-The average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns?

-When you own a home you may be able to deduct property taxes and mortgage interest from your income?

-In most cases the gains that you make when you sell

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1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for

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New Jersey's Winter Wonderland: Crystal Springs Resort

Our Real Estate Team has put together a scenic video showing the Winter Wonderland created by Winter Storm Quinn. 

 

 

 

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Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently gave out their 2017 fourth quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | MyKCM

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

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Crystal Springs has committed itself to becoming America's #1 Residential Resort Community. Tucked away in the Northern most region of New Jersey this spectacular golf resort community has over 1,000 residences nestled in never-ending woodlands in northwestern New Jersey. Amidst the  Lakes, Stream and 6 premieres Golf courses.

Most people first visit Crystal Springs Resort when they come stay at Grand Cascades Lodge or come play New Jersey's #1 public Golf Course Ballyowen. Once a visitor comes up they usually say "I never knew this existed". Yes, Less than 1 hour form the Lincoln tunnel you will find scenic views, luxury homes and nature seamlessly connected.

Many residents have moved from all around the country once they see what Crystal

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