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Luxury two story home on private corner lot in Washington Oaks. Formal foyer entry with hardwood flooring, large eat-in kitchen with cherry cabinets, corian countertops, center island, stainless steel appliances, tile backsplash and hardwood flooring. Spacious morning room open to kitchen that leads to rear paver patio with hottub. Formal dining room and wet bar off kitchen. Dining room has tray ceiling, box and crown molding. The first floor also has a two story great room with gas fireplace, office and formal living room. Four bedrooms and three full bathrooms on second floor, master bedroom has tray ceiling, gas fireplace and walk-in closet. Master bathroom has Jacuzzi tub, stall shower, double vanity and tile flooring. There is a second staircase in the back of the home leading to the kitchen. Finished basement with full bathroom, possible 5th bedroom and walkout entrance. Covered front porch, three car attached garage, security system, sprinkler system, two zone gas heat and central air, Delsea school system. Convenient access to Routes 55, 40, 47 and 322.
This listing presented by The W.Scott Sheppard Team. Call today for your private tour! Stacy 856-364-0772
The State Legislature is currently considering extending the sales tax to seasonal rental properties and increasing the Realty Transfer Fee (RTF), which would be detrimental to New Jersey’s summer tourism industry and add another financial burden for potential homeowners.
According to the New Jersey Realtors®’ 2015 “Tourism Economics” study, if New Jersey enacts a seasonal rental tax, the Garden State could lose approximately $100 million in economic activity; including nearly $1,000 per week in visitor spending on transportation, food, shopping and entertainment, and nearly 1,000 jobs. There would also be an immediate loss of $20 million in tax revenue.
Increasing the Realty Transfer Fee will add one more financial hurdle for homeowners, who are already facing some of the nation’s highest property taxes.
New Jersey Realtors® urges you to let your representatives know that these financial burdens hinder the path to homeownership in New Jersey and will have negative impacts on the Garden State’s tourism industry.
Beautiful working Horse Farm for sale in Upper Deerfield Twp. Cumberland County, New Jersey. Once known as Bar S Performance Horses, llc. This 38 acre +/- facility is located 7 miles from exit 32B via Route 55. Just off of Landis Avenue Route 56 West. and 5 miles from the Centerton Inn by Parvin State park. Also, 10 miles from the route 77 and route 40 circle off of Highway 77South.
The 3 bd. 2 full bath ranch home has a private Master with walk in closet and bath. Open floor plan from living room to eat in Kitchen with utility room. Hallway pantry and 2nd bath closets to 2 additional beds. Small front foyer with coat closet. Attic and 4 ‘ crawl space, which has water conditioner system, water tank and HEPA air filter system to the heating and central air units. Ceiling fans through out. This is a custom floor plan built by Country Homes Modular in 2003 offers approx. 1400 sq ft.
Barn was built in 2003 by Pioneer Pole Buildings in PA. 110′ x 30′ with 10 ‘ concrete isle, brightly lighted. 200 amp. service with outlets at every stall and 3 GFI outlets down isle. Black powder coated steel stall fronts and gates on all 16 stalls, 2 of which are completed with 4″ concrete and drains to a French drain system. These have been used as wash stalls, dog kennels and holding stalls. Each stall is 10×12 and have steel U-Channels allowing the 10 x 12 ‘s to be removed and create foaling stalls, or storage space. The roof is insulated and there is a finished 10 x 24 ‘ office/tack room with air conditioning.
At the end of the barn you will walk into the 100′ x 130′ covered training arena with insulated roof. This is a steel clear span building with poured footings that allow for expansion of the building without the worry of a full concrete foundation under hoof. This building also has a 200 amp. service of its own and is fully lighted. The height on the outside ceiling is approx. 30’ and approx.85 ‘ to the peak. Many events and Barrel races have been hosted here. There are 9 paddocks all completed with poly coated Ramm fencing, there is no common fencing each alley way is approx.12′ between each paddock. 6 of the paddocks have run in sheds, there are 3 12×24 and 3 12×14. Water hydrants are numerous along paddocks. They range from just over a half acre up to 2 and a half.
Home faces the west with spectacular sunset views from the front porch, and an overview of the pastures. Back yard is fenced in with small block no climb for dogs of all sizes and auto lock gates on for easy access.
This facility was designed and built in 2003 by the owner operator with versatility for future expansion in any equine discipline you choose. The 25 acres facing centerton road contain an exercise track just under 1/2 mile. This area is also leased to local crop farmers. Approx.36 acres are farm preserved and can be used for numerous agriculture purposes and livestock. Or can be purchased back for development. Keeping in mind agriculture building is permitted. Approx. 2 acres surrounding the home are exempt so feel free to add on more living space !
Septic system was designed for a 5 bedroom home so there will be no additional cost there. Well is a 4’ with a new pump in 2015. All installed by reputable local contractors.
There are (always) some small fencing and stall repairs as this is a working farm. It has been well maintained and has housed up to 26 horses as a typical head count.
Heat and cooking Propane, tank is owned. Elec.or Gas for clothes dryer, there are 2 hook-ups. WtrHtr, elec. Fios internet.
A Note from the owner: I have always said ” this place is my heaven on earth”, building this farm was for the pure desire and compassion I have to share and educate horses and people to understand each other and develop a true bond. Never imagining ever selling this place, but things change and it’s time for someone else to enjoy my heaven on earth.
Call today for your private tour! 856-364-0772
The median sold price is up 13.6% year-to-date. Foreclosure sales were 22% of all sales this month, down from 33% in April, and had a median sale price of just $43,000 compared to $146,500 for non-foreclosure sales.
|12.43 +/- farm in East Vineland. Three road frontages, level topography. Perfect for horse farm. 60 x 90 pole barn with riding rink and a 36 x 60 horse barn with nine 10 x 12 stalls. Convenient access to Route 55, 47, 552 and 49. Property consists of 11.94 acres Q Farm of total 12.43 acres.
Give call today to find out mor information about this unique property.
This listing presented by The Scott Sheppard Team
Question: What qualifies me to be a first time home buyer ?
A- If you’ve never owned a home, you are considered a first-time home buyer. But you are allowed to be a previous homeowner and still qualify as a first-time home buyer. According to the FHA, you can do so if you have not been an owner in a primary residence for at least three years leading up to your purchase.
Question: What are closing costs?
A: Closing costs are a fee charged for various items the lender charges. These fees are an additional cost that is added onto the amount of the loan. For example: can include items such as loan processing fees, attorney’s fees, transfer taxes, title insurance costs, inspection fees, and more. You can ask for help with these fees in certain loan situations from the seller but still must supply your down payment for the loan.
Question: What is a seller concession?
A: When there is a seller concession in place, the seller will pay for part or all of the closing costs. Different loans offer different percentages that a seller can contribute.
Question: How much money will I need down?
A: This depends on what type of financing that you qualify for with your mortgage company. Each depending on credit score and down payment.
FHA loan requires 3.5% down and you will need to get private mortgage insurance.FHA does allow closing costs to be paid by the seller. A friend or relative can also gift the closing cost amount to the borrower.
Conventional Loan can be as high as 20% but are now lending with 5% and even 3%. Conventional loan borrowers making a down payment of less than 20 percent will need to get private mortgage insurance (PMI). The good news is that once you reach a loan-to-value ratio of at least 78 percent, you can cancel the insurance. The only way to not pay your closing costs out of pocket would be to include a seller credit as a contingency of your offer.
USDA Rural Development or USDA loans come with 100% financing. This means that no money down is required and closing costs can be either paid by the seller or financed into the loan. In short, no-money-down means the home buyer is typically not required to pay any out-of-pocket expense when the house closes. … No Closing Costs.
Thinking of selling your home? We have pre-approved buyers waiting for a beautiful home like yours to become available! Our listings on average selling between 95 and 100% of the sales price within less than 30 days. Feel free to give us a call today.
W. Scott Sheppard Team ~ Stacy Schnell 856-364-0772
If you haven’t given much thought to selling your home this year, you might want to think again.
Real estate information company Trulia commissioned a survey of more than 2,000 U.S. adults, conducted by Harris Poll, to get a feel for expectations and plans for housing and homeownership in 2018. The survey results show 31 percent of respondents expect 2018 to be a better year for selling a home than 2017 – and just 14 percent expect it to be worse.
Despite the enthusiasm, only 6 percent of homeowners surveyed plan to sell their home in 2018.
Real estate information company Zillow echoes these sentiments in its predictions for 2018, expecting inventory shortages to continue to drive the housing market. With too few homes on the market to meet buyer demand, prices increase and would-be buyers can’t afford the price or down payment needed to submit a winning offer.
If you’re a homeowner and have been thinking about selling, what are you waiting for? You may not consider 2018 to be your year to sell, but here are four reasons why selling in the next 12 months could be more beneficial than you think.
Buyers are chomping at the bit. Eager homebuyers have been frustrated over the last few years, experiencing low inventory in most major markets, which is pushing them to start home shopping earlier in the year to try to beat out the competition and ensure they’re not missing out on any available properties.
Even before the clock struck midnight on New Year’s, people were already getting a head start on looking at buying or selling a home in 2018. Real estate information company HomeLight saw a 25 percent traffic spike on its website on Dec. 26, with continued high rates of traffic through the first part of the new year.
“Folks have generally turned their attention away from the holiday and time with family and friends, and moved onto the new year and what they want to accomplish,” says Sumant Sridharan, chief operating officer of HomeLight. “And for many people, that tends to be where they want to live.”
The best time to sell your home is traditionally between March and June, Sridharan notes, while warmer climates may see a longer time frame because they’re not restricted by weather. But cold weather isn’t keeping interested buyers from starting their home search at the start of the year. The fact that buyers take the day after a major holiday to start looking for new home means the traditional selling season could be even hotter.
And while the last couple years have proven beneficial for sellers, seeing many homes sell for asking price or above, it won’t last forever. Zillow predicts home builders will begin looking to construct more entry-level homes to meet demand later this year. If you wait too long to put your home on the market, you may find yourself competing with new builds that haven’t been a part of the market in large numbers since before the recession.
Interest rates are low … for now. For both the buyer of your home and your own next home purchase, low interest rates can help make a transaction possible. In the second week of January, the average interest rate for a 30-year fixed-rate mortgage was 4.17 percent, according to NerdWallet. Mortgage rate averages reached more than 4.4 percent in 2017, but closed the year out just below the current rate.
While mortgage rates aren’t expected to spike significantly this year, they are forecast to increase overall. The Mortgage Bankers Association predicts 30-year fixed-rate mortgages will rise to 4.6 percent this year, and it expects rates to rise to 5 percent in 2019 and 5.3 percent in 2020.
While increasing interest rates are a sign of a good economy, they can squeeze out some potential homebuyers from the market. The current low rates can serve as a catalyst for many potential homebuyers to get moving sooner rather than later. But as interest rates continue to rise, you’re less likely to see as many bidding wars – which is welcome news for buyers but not sellers.
Could the changes to mortgage interest rate and property tax deductions make you want to sell your home?
You can move to find cheaper property taxes. The passing of the Tax Cuts and Jobs Act at the end of 2017 means a few significant home-related tax policy changes for the 2018 calendar year: Mortgage interest rates are only deductible up to $750,000 in debt and property taxes are only deductible up to $10,000.
While these limits don’t affect all homeowners, people who live in counties and cities with high property taxes are likely to feel the financial hit when they file taxes in 2019. If your household is going to struggle without the deductions you’ve had previously, it might be time to look elsewhere.
“For most of the world, I think it really creates a consideration of where I want to be and how I want to be there,” says Cody Vichinsky, co-founder of Bespoke Real Estate, based in Water Mill, New York.
Vichinsky expects housing markets in coastal states to be most impacted by the tax reform– and more specifically in the counties or towns with high-ranked school districts because their property taxes tend to be higher. While homeowners with school-age children may see the education factor weigh heavier than the financial burden, “You’re going to see an exodus out of these neighborhoods for people who don’t need to be there anymore,” he says.
You certainly shouldn’t have a hurried reaction to a policy change with an asset as large as a house, but also keep in mind that if you’re looking for the maximum price on your home, the longer the new tax law sinks in, the more likely it is to change feelings toward pricier neighborhoods in coastal markets.
“We do expect, potentially, in the longer term there may be lower demand at the higher price points because the tax [incentives] just aren’t there,” Sridharan says.
Renovations today won’t come back in full next year. Zillow’s 2018 predictions include the expectation that most homeowners will focus on renovations and updates this year rather than selling. If you’ve got remodeling on your schedule for the year, be sure it’s an update for you because it’s unlikely that renovations will have a 100 percent return when it comes time to sell.
“You’re going to get one shot at this,” Sridharan says. “Ultimately the additional money you’re going to spend to make your home look amazing is going to be far less than the amount of money [a buyer will pay].”
The key to taking advantage of the seller’s market this year is not taking the tight inventory for granted. Buyers will still expect effort from sellers in preparing a property for sale. While they may be willing to overlook a dated kitchen, it’s the clutter, deferred maintenance and lack of curb appeal that can still kill a deal. If you do decide put your house on the market, take the process seriously, and you’re likely to see ample interest.
Time your listing for a fast sale.
Selling your home quickly not only allows you to move on with your life, it also means fewer days of keeping your home in pristine condition and leaving every time your agent brings prospective buyers for a tour. Real estate information company Zillow crunched data from 2008 to 2016 and found the optimum time to list a home for sale was on a Saturday between May 1 and 15 – at least looking at national numbers. Homes listed during those times sold nine days faster and for 0.8 percent more than the average annual home price, according to Zillow’s analysis. In more moderate climates, the optimum time came in March or April.
Timing isn’t everything when selling your home.
As you list your home, remember those numbers are historical averages and this spring may be different. “With 3 percent fewer homes on the market than last year, 2017 is shaping up to be another competitive buying season,” Zillow chief economist Svenja Gudell said in a news release. “Many homebuyers who started looking for homes in the early spring will still be searching for their dream home months later.” But how fast your home actually sells, and at what price, depends on a lot more factors than when you list it. A National Association of Realtors survey published late last year found that the average home was on the market a month in 2016, down from 11 weeks in 2012.
Here are 10 secrets to selling your home faster, no matter when you list it.
Take great photos.
According to an NAR survey, 51 percent of homebuyers found the house they eventually bought online and 95 percent used the internet in their home search. If your listing photos don’t show off the features of your home, prospective buyers may reject it without even taking a tour or going to the open house. Hiring a professional photographer and posting at least 30 photos of your home, inside and out, is a good way to attract a buyer.
(People Images/ Getty Images)
Nothing turns off buyers like a dirty house. Hire a company to deep clean if you can’t do it yourself. That includes washing windows inside and out, removing any clutter and cleaning the garage, basement, baseboards, ceilings and closets – and anywhere else the buyer can see.
Depersonalize the home.
Remove all your family photos and memorabilia. You want buyers to see the house as a home for their family, not yours. Remove political and religious items, your children’s artwork (and everything else) from the refrigerator and anything that marks the house as your territory rather than neutral territory.
Let the light in.
People love light and bright, and the best way to show off your house is to let the sunshine in. Open all the curtains, blinds and shades, and turn lights on in any dark rooms. If your house is on a lockbox and your real estate agent isn’t going to be there to open blinds and turn on lights before showings, leave everything open when you leave for work every morning.
Make your home available.
Buyers like to see homes on their schedule, which often means evenings and weekends. Plus, they want to be able to tour a home soon after they find it online, especially in a hot market where they’re competing with other buyers. If your home can be shown with little or no notice, more prospective buyers will see it. If you require 24 hours’ notice, they are likely to see and perhaps choose others homes first.
Set the right price.
No seller wants to leave money on the table, but the strategy of setting an unrealistically high price with the idea you can come down later doesn’t work in real estate. Buyers and their agents have access to more information than ever, and they know what most homes are worth before viewing them. A home that’s overpriced tends to stay on the market longer, even after the price is cut, because buyers think there must be something wrong with it. Set the right price from the beginning, otherwise you might cost yourself precious time and money.
Remove excess furniture and clutter.
Nothing makes a home seem smaller than too much big furniture. Rent a PODS self-storage container or a storage unit and remove as much furniture as you can. It will immediately make your home seem calmer and larger. Remove knickknacks from all surfaces, pack them away and store the pieces upon which you displayed them. Take a minimalist approach to books, CDs, throw rugs and draperies, and clear off your kitchen and bathroom countertops, even appliances you normally use. If you can remove half the stuff in your closets, that’s even better, because it makes the home’s storage space look more ample.
Spread the word.
Your neighbors are often the best salespeople for your home because they love the neighborhood. Make sure they know your home is for sale and are invited to your open house. Share your listing on social media and ensure your agent does the same. Put flyers on neighborhood bulletin boards and share the news on neighborhood email lists and Facebook groups. If you have the skills, make a video to tell the story of how much you love the house and the neighborhood and put it up on YouTube.
Repaint in neutral colors.
A coat of paint will do wonders to freshen up your home, both inside and out. This is the time to paint over your daughter’s purple bedroom and cover up your red dining room accent wall. You want to create a neutral palette where buyers can envision putting their own personal touches. Warm neutrals such as gray, taupe and cream are better than bright white.
Spruce up the front of your home.
You’ve heard it 100 times before, and it’s still true: Curb appeal matters. You don’t get a second chance to make a first impression. A new or freshly painted front door, new house numbers and a new mailbox can breathe life into your entryway. Fresh landscaping and flowers in beds or in pots also enhance your home’s first impression. Trim trees and bushes, and pressure wash walkways, patios and decks. Leave the outdoor lights on, too, because prospective buyers may drive by at night.
This excerpt from US News. Please click here to read more.
There’s no doubt that home improvement projects can add significant value to your home, but not all upgrades are a worthwhile investment. While some projects will basically pay for themselves, others won’t even get close — coming in at a loss.
If you want to improve your home’s aesthetic while also boosting its value for a future sale, you’ll want to choose your projects carefully. Make sure to heed these stats before deciding which ones to tackle.
Highest ROI Home Improvement Projects
Your best bet: Focus on curb appeal. Upgrades to exterior areas saw serious growth over the last year. Wood deck additions, stone veneer installation and new garage doors offer the highest return on your investment.
- Garage Door Replacement: Average Cost $3,470 | Cost Recouped 98.3 percent
- Manufactured Stone Veneer: Average Cost $8,221 | Cost Recouped 97.1 percent
- Steel Entry Door Replacement: Average Cost $1,471 | Cost Recouped 91.3 percent
- Wood Deck Addition: Average Cost $10,950 | Cost Recouped 82.8 percent.
Lowest ROI Home Improvement Projects:
What projects might be best to skip? On average, backyard patios, master suite additions and major kitchen remodels net low returns.
- Backyard Patio: Average Cost $54,130 | Cost Recouped 47.6 percent
- Master Suite Addition: Average Cost $256,229 | Cost Recouped 48.3 percent
- Major Kitchen Remodel: Average Cost $125,721 | Cost Recouped 53.5 percent
- Bathroom Addition: Average Cost $83,869 | Cost Recouped 54.6 percent
As you can see, there’s a pretty big difference in the projects that deliver and the ones that just don’t measure up. Make sure to do your research and choose your home improvement projects carefully before moving forward — especially if you plan to sell your home down the line.
Thing about selling your home? The W. Scott Sheppard team is always here to help! Call today for your free home evaluation. Stacy 856-364-0772
The boom is continuing for home prices, with a gain in March of 6.5 percent, according to the S&P CoreLogic/Case-Shiller Indices.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite, which is an average of 10 metros (Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, New York, San Diego, San Francisco and Washington, D.C.), rose 6.5 percent year-over-year, an increase from 6.4 percent in February. The 20-City Composite—which is an average of the 10 metros in the 10-City Composite, plus Atlanta, Charlotte, Cleveland, Dallas, Detroit, Minneapolis, Phoenix, Portland, Seattle and Tampa—rose 6.8 percent year-over-year, which is comparable to February. Month-over-month, both the 10-City Composite and the 20-City composite rose, 0.9 percent and 1 percent, respectively.
“The home price increases continue, with the National Index rising at 6.5 percent per year,” says David M. Blitzer, chairman and managing director of the S&P Dow Jones Indices Index Committee.
“Looking across various national statistics on sales of new or existing homes, permits for new construction, and financing terms, two figures that stand out are rapidly rising home prices and low inventories of existing homes for sale,” Blitzer says. “Months-supply, which combines inventory levels and sales, is currently at 3.8 months, lower than the levels of the 1990s before the housing boom and bust.
“Until inventories increase faster than sales, or the economy slows significantly, home prices are likely to continue rising,” says Blitzer. “Compared to the price gains of the last boom in the early 2000s, things are calmer today.”
“The solid gain in home prices of 6.5 percent in March added roughly $150 billion to housing wealth during the month,” said Lawrence Yun, chief economist at the National Association of REALTORS® (NAR), in a statement. “The continuing run-up in home prices above the pace of income growth is simply not sustainable. From the cyclical low point in home prices six years ago, a typical home price has increased by 48 percent, while the average wage rate has grown by only 14 percent. Rising interest rates also do not help with affordability; therefore, more supply is needed to level out home prices. Homebuilding will be the key as to how the housing market performs in the upcoming years.”
This excerpt from RIS media: To Rea More Click Here