Robbinsville, NJ - Windsor Meadows - Wildflower Trl - Priced below Assessed Value

26 Wildflower Trail is a beautiful 4 bedroom, 2.5 bath Colonial in the prestigious neighborhood of Windsor Meadows. This well maintained home features a 2-story foyer, first floor study and laundry room, family room with wall to wall carpeting and floor-to-ceiling brick fireplace, decorative columns, separate formal dining and living rooms, central air, and 2-car garage.  The gourmet eat-in kitchen has upgraded cabinets, new granite countertops, and sliding glass doors leading to a spacious 2-tier re-stained deck.  On the second floor are 4 generous bedrooms.  The master has a walk-in closet and private bath, with double sinks and jacuzzi tub. The yard is professionally landscaped, with a well-manicured lawn, a variety of shrubs and trees, and an underground sprinkler system.  This home is within minutes of shopping, schools, and major roads but is an easy commute to Princeton Jct. and Hamilton train station.  Priced below assessed value.



Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Find homes for sale using my new mobile app. Just text JOEG to 87778 and you will be sent download instructions. Once installed on your device, you will be able to do searches and see complete listing details including photos and prices. If your device is GPS enabled you will also see the listings on a map. (Data rates may apply.)

Trenton, NJ - Townhouse - Centre - Priced below Assessed Value - Tenant

Renovated 4 bedroom, 1 bath townhome. Gas heat, newer electric, new chimney. Eat-in kitchen, gas cooking.  Full unfinished basement offers many lifestyle possibilities. Tenant occupied, lease runs until Jan. 31, 2012, at $950/mo.  Tenant pays all utilities.  Near public transportation, and just a few blocks from Cooper Field.  Sold "as is".  Priced below assessed value.

Contact Joe Giancarli, SA, 609-658-2612, for a private showing.



Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Find homes for sale using my new mobile app. Just text JOEG to 87778 and you will be sent download instructions. Once installed on your device, you will be able to do searches and see complete listing details including photos and prices. If your device is GPS enabled you will also see the listings on a map. (Data rates may apply.)

Hamilton, NJ - Nottinghill - Brockton Rd - Affordable Cape Home

56 Brockton Road

, in Nottinghill of Hamilton, is a Cape home in move-in condition.  The newly-renovated kitchen features maple cabinets, granite countertops, Wilsonart flooring, high-end stove, stainless steel refrigerator, and built-in dishwasher. An eating with crown molding provides ample space for dining. There’s hardwood flooring in the living and breakfast rooms, and a gas fireplace in the living room.  The finished basement can be used as a family or recreation room, and has 2nd fireplace.  One guest bedroom and half bath are on the main level.  Two bedrooms and a full, neutral bathroom are upstairs. The master bedroom offers a wall of built-in dressers and a walk-in closet.  Space in this home has been utilized fully. A newer central air unit was recently installed.  In the fenced backyard is a 12x10 shed, and maintenance-free deck with retractable awning.  Nottinghill is an established neighborhood of well-maintained Cape homes with yards and mature landscaping. 

Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Find homes for sale using my new mobile app. Just text JOEG to 87778 and you will be sent download instructions. Once installed on your device, you will be able to do searches and see complete listing details including photos and prices. If your device is GPS enabled you will also see the listings on a map. (Data rates may apply.)

Hamilton, NJ - Birkshire Rd - Custom Colonial - Priced below Comps

34 Birkshire Rd

is a custom Colonial, built in 2004 by Russ Wilber, located on a private cul-de-sac lot, and priced to sell quickly. Its upgrades and amenities include 4 bedrooms, 3.5 baths, full finished walkout basement, 9' ceilings, hardwood floors, gas fireplace, zoned central A/C, and brick front.  The gourmet kitchen features granite counter tops, and stainless steel appliances, gas stove, oven, microwave, dishwasher, and refrigerator.  There’s a deck off the kitchen and family room to enjoy a large and private rear yard.  Hamilton train station and Veterans Park are 5 minutes away.  This same model home has recently sold in the area for over $500,000, making the home a great price opportunity.  Contact agent for school information.

Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Find homes for sale using my new mobile app. Just text JOEG to 87778 and you will be sent download instructions. Once installed on your device, you will be able to do searches and see complete listing details including photos and prices. If your device is GPS enabled you will also see the listings on a map. (Data rates may apply.)

Robbinsville, NJ - the Ridings - New Homes - Buyer Options Available - Gordon Rd

331 Gordon Road is a custom 3,000 SF home, 4 bedrooms/2.5 baths, to be built on a 2-acre estate lot in Robbinsville, in the prestigious neighborhood of The Ridings.  This is the best new home construction, value opportunity, in Robbinsville, by the highly respected local builder, JRM Construction.  Standard features of the Presidential Model include a 3-car side entry garage; brick front; 9’ ceilings throughout the first floor; hardwood floors in foyer, kitchen and breakfast room; wall-to-wall carpeting; wood-burning fireplace; 1^st floor office/study; separate laundry room; 2-zoned natural gas heating & AC; full basement; and Energy Star certification.  The cook’s gourmet kitchen will offer custom 42-inch cabinets, granite tops, and built-in dishwasher, gas range, and microwave.  You have the option of a full bath on the 1^st floor.  The master bedroom suite offers an optional sitting room, 2 walk-in closets, master bath with soaking tub, separate stall shower, double vanities, and ceramic tile floor and surrounds.   With the sitting room, a $17,000 retail value, you would gain an extra 140 SF, making the total interior 3140 SF.  The builder will grade and seed the acreage, which will create a private estate atmosphere.  You will have room for a garden, sports, play sets, pool, and to enjoy the natural surroundings and beauty of rural New Jersey.  Of course, JRM Construction offers a 10-year homeowners warranty.  And if you act soon, you’ll be able to choose custom paint and carpet colors.  Full list of standard features available on request.



Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Find homes for sale using my new mobile app. Just text JOEG to 87778 and you will be sent download instructions. Once installed on your device, you will be able to do searches and see complete listing details including photos and prices. If your device is GPS enabled you will also see the listings on a map. (Data rates may apply.)

55+ Home Buyer Trends

A joint study by the 50+ Housing Council of the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home. Design considerations have become less important, and financial concerns have become more prominent, according to the study.  Previous studies from these two organizations found that most 55+ buyers depended on home sale proceeds to finance a new purchase. The most recent data shows that option diminished during the economic downturn.

In 2009, only 55% of new age-qualified active adult home buyers reported that their down payment came from a previous home sale, significantly down from 100% of respondents in 2005 and 92% in 2007. In 2005 and 2007, no active adult community buyers reported having to tap cash or savings for a down payment. In 2009, 45% of the average buyer’s down payment came from cash or savings.

The study, “Housing Trends Update for the 55+ Market,” explores recently released housing data from the Census Bureau’s 2009 American Housing Survey (AHS) on the 55+ demographic. The report focuses especially on households living in active adult communities.  “Most 55+ consumers—those who chose to move and those who stay in their homes—report that they are happy with their homes and communities,” said Sandra Timmermann, Ed.D., director of the MetLife Mature Market Institute. “But those who did move to an age-qualified community—about 3%—reported the greatest satisfaction, rating their homes and communities at nine on a one-to-ten scale.”

“By the year 2020, as Baby Boomers move into this age bracket, almost 45% of all U.S. households will include someone at least 55 years old,” said David Crowe, NAHB’s chief economist. “The number of those households seeking housing better suited to their changing needs will therefore rise dramatically.”  The desire to be near family and friends is the mature mover’s overwhelming motivation, the report noted. The design, amenities and appearance of the residence and the community remain important, but less so than before the recession. Buyers who fall into the 55+ age range that are moving into rental homes, both multi-family and single-family, cited a desire for less expensive housing as second in importance to living near friends and family.

“Proximity to work” was more important than in the past for those relocating to age-qualified, active adult communities—12% in 2009 versus 2% in 2001—underscoring the trend toward delayed retirement in this age group. There was also a reported increase in the share of 55+ single-family homeowners who say they work at home.

Read more at RISMedia.com.  For additional information, visit the Mature Market Institute.

Our part of New Jersey - Mercer County and surrounding counties and townships - offer a wide range of housing options for the 55+ demographic.  Call or email me to find out about your options, including "aging in place" and reverse mortgages.

Joe Giancarli, SA
Short Sale Specialist
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Hamilton, NJ - Short Sale - Norway Ave - Upgraded - Garage

Short Sale opportunity.  824 Norway is a well-built full brick colonial featuring 4 bedrooms, 2 full baths, and 3 stories on a spacious lot graced with tall pines. The newly remodeled kitchen has cherrywood shaker-style cabinetry, black granite counter tops, ceramic tiled floors and stainless steel appliances.  More upgrades include fresh paint throughout, newer windows and furnace. Hardwood floors, high ceilings, security system, 2-car detached garage, and full basement with outside entrance make this an excellent buy.  Think of the potential in the property and how you could finish the basement.  Priced for a quick sale and affordable.

Contact Joe Giancarli, SA, for a private showing.  609-658-2612.

Robbinsville, NJ - Gordon Rd - Upgraded - Remodeled

338 Gordon Rd sits on more than 1.25 acres of land, with plenty of room to garden and watch the changing seasons. Backing up to woods, expect to enjoy open space and have room to explore. The 40-year old house is currently under extensive renovation and offers the convenience of new touches blended with the quality of older homes. Outside, the exterior has been redone with new siding, gutters, and vinyl windows. Inside, the hardwood floors have been refinished, and shine in all rooms except for new ceramic tile in baths, kitchen, dining room, and laundry room. The existing stained solid pine doors and trim will remain. In the kitchen are new stainless appliances, and granite tops with under-mounted sink. A second floor bath is being remodeled completely and will offer double bowl vanity, stall shower, and separate entrance into the master suite. All bedrooms are spacious with generous closet space, and can double as office or study. The large laundry room is on the main floor. A partially-finished basement features a fireplace and outside entrance, and would make a perfect media center or rec room. More upgrades include a new boiler, new septic system, and fresh paint throughout. This is a convenient location close to schools and transportation corridors, and across the street from The Ridings, a Robbinsville community of $600,000-800,000 homes.
Robbinsville is one of the fastest growing and most beautiful towns in New Jersey. Located about an hour away from both New York City and Philadelphia, Robbinsville has easy access to the country's best in arts, education, and sports without any of the hassle that goes along with living in a big city.

Contact Joe Giancarli, SA, for a private preview.  609-658-2612.

Home Affordability Continues in Mercer Co, NJ

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the December edition of the Obama Administration’s Housing Scorecard. The figures show continued home affordability in the housing market, with interest rates near record lows.  The market, however, remains fragile.  Prices are unsettled in many areas (contact me to find out about your own community), but foreclosure starts and completions dropped significantly in November. 

“The Obama Administration’s broad set of programs have helped promote stability for the housing market, neighborhoods, and the nation’s homeowners, but there is much more work to be done,” said HUD Assistant Secretary Raphael Bostic. “Since taking office in 2009, the Administration’s efforts have helped millions of families stay in their homes and helped millions more refinance, but the data clearly show that the market remains extremely fragile. That’s why we’re continuing to focus on successfully implementing the programs we’ve put in place—such as additional refinancing assistance and emergency loans to help unemployed homeowners—and ensuring that help is available to homeowners as early as possible.”

Key points of the HUD report:
-Foreclosure starts and completions dropped significantly in November. As lenders review internal procedures related to foreclosure processing, many foreclosure actions have been delayed, leading to a 21% drop in foreclosure activity in November. While this is the biggest month-over-month decrease since 2005, the decline is likely to be temporary, as lenders eventually revise and resubmit foreclosure paperwork in the coming months.
-As expected with the expiration of the Home Buyer Tax Credit, new and existing home sales have remained below levels seen in the first half of 2010. However, the report shows that home prices and home equity declined moderately, as prices remain unsettled at this fragile stage of the recovery.
-More than 3.9 million mortgage aid offers were initiated between April 2009 and the end of October 2010—more than double the number of foreclosure completions during that time. These actions included over 1.4 million Home Affordable Modification Program (HAMP) trial modification starts, more than 600,000 Federal Housing Administration (FHA) loss mitigation and early delinquency interventions, and nearly 1.8 million proprietary modifications under HOPE Now. While some homeowners may have received help from more than one program, the number of agreements offered were more than double the number of foreclosure completions for the same period (1.7 million).

If you want to find out the value of your Hamilton NJ home in today's market, call or email.  If you are having trouble paying your mortgage, don't wait - call or email me today.  You have options to foreclosure.

Joe Giancarli, SA
Short Sale Specialist
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Anatomy of a Short Sale in Hamilton, NJ

Basically, a short sale is one in which there is more debt owing on the property than the property's value - termed "underwater" in many markets.  In countless cities across the country, short sales and distressed property or bank-owned homes account for more than 40% of all real estate sales.

Who is involved in a short sale?  First, the homeowner(s).  Second the lender (mortgage company or companies).  The sellers will have to explain their financial situation to the lender and convince them of their inability to pay the full balance owing on their home loan.  The lender will require documentation of the seller's finances. 

The lender wants a) to the paid the full amount of the loan, b) if that seems impossible, to minimize their loss.  A short sale is next-to last resort (last is foreclosure, expensive and tedious for the lender and the worst scenario for the homeowner).  Once the foreclosure process has started, it becomes more difficult to work out a possible solution with the lender, because of legal timeframes and filings which must be met.  Loan servicers are working on behalf of investors and are expected to negotiate the highest possible sales price for the property, which the lender may feel it can get through the foreclosure auction.

Another player in a short sale is the financial advisor or tax professional.  A short sale where a portion of the debt is “forgiven” is considered relief of debt, and may be treated as income for tax purposes. When debt is forgiven, the creditor (homeowner) must submit a Form 1099 to the IRS.  For more information, visit http://www.irs.gov/.  You may want to discuss with a tax professional future tax liability and consequences of the short sale in your situation.

The 4th player in this scenario is an attorney.  You should understand the law related to release of liens, mortgage liability, and future obligations.  Some government programs currently offered to homeowners facing foreclosure do not allow the lender to pursue any deficiency balance; however, not all homeowners will qualify for these programs.

Finally, and not the least important, the 5th player is your REALTOR®.  I am experienced in short sales with both buyers and sellers in all counties of central New Jersey, from Hamilton to the Shore.  So call or email me and let's discuss your options, the value of your home, and your future needs.  Should it be necessary for you to proceed with a short sale, the lender will require the property to be listed with a licensed REALTOR®.

If you are having problems paying your mortgage, don't wait.  A Short Sale is your best alternative to foreclosure.

Joe Giancarli, SA
Real Estate Advisor
Short Sale Specialist
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
www.activerain.com/blogs/josephgiancarli

Hamilton, NJ - Nottinghill - Home for Sale - Brockton Rd

28 Brockton Rd in Mercerville is a well-built 4 bedroom, 1.5 bath Cape, with a first floor recreation room ideal for an in-law suite. Features include a full finished basement with outside entrance, newer roof, vinyl siding and windows, and beautiful hardwood floors under wall-to-wall carpeting.  All appliances are included.  There is a full bath on the second floor, and half bath on the first floor with room to be converted into a full bath, and 2 bedrooms. The fenced yard is ideal for a garden or sports play, and the wood deck is ready for your summer BBQs. This Estate sale has been home to one family for many years, lovingly maintained, and needs only a little updating. This affordable home is a great opportunity for an investor or first-time buyer, and in an established neighborhood of well-maintained Cape homes with yards and mature landscaping.  Take advantage of the immediate closing available and the great rates for qualified Buyers.

Contact Joe Giancarli, SA, 609-658-2612, for a private showing.

Nottinghill - Hamilton Twp - In-law suite - Basement - Yard

Overview Maps Photos Features Description Neighborhood

$199,900 Single Family Home Main Features 4 Bedrooms 1 Bathroom 1 Partial Bathroom Interior: 1500 sqft Lot: 5,500 sqft Location 28 Brockton Rd Hamilton, NJ 08619 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Joseph Joe Giancarli RE/MAX Tri-County (609) 587-9300 (Office) jgiancarli@remax.net http://www.njhomesource.net Listed by: RE/MAX Tri County

Our recent listings Nottinghill - Hamilton Twp - In-law suite - Basement - Yard Princeton Chase - Upgraded - Pool - Princeton Junction - Zeloof Dr Bank-Approved Short Sale - Bordentown Rd - Bordentown Hamilton - New Construction - New Homes - Dogwood Lane Short Sale - Hamilton NJ - Updated - Basement - Garage Subscribe to our listing feed

Nearby properties for sale

Princeton Chase - Princeton Junction - Zeloof Dr - Huge Price Reduction - Highly Upgraded Home

6 Zeloof Drive in Princeton Chase is a gorgeous Vernon model by respected builders Toll Brothers, and has been completely remodeled from top to bottom. Enjoy the landscaped back yard of 0.77 acres in all seasons, which has been completed with EP Henry pavers, a spacious patio and BBQ area, breakfast area leading to the home through French doors, and a fenced, private in-ground pool. The gourmet kitchen features granite counters, upgraded cabinetry, and top-of-the line appliances, including a Wolf gas stove and microwave, Bosch dishwasher, and Jenn-Air refrigerator. The entire home has been beautifully painted in warm colors. Hardwood floors have been installed throughout the first floor, except in the kitchen, where there is custom tile. The baths have new vanities, commodes and tile. Even the basement has been upgraded, and finished into recreation rooms with pool table, TV/entertainment center, and an air hockey table. More than $250,000 in upgrades make this 4 bedroom/2.5 bath home, with 2800 SF of interior living space, a model show place.

Princeton Chase offers the amenities of tennis court, basketball court, playground, open space, and beautiful landscaping with mature trees. The only access is Deerfield Drive, and there are no through streets. There is a homeowners’ association to protect the common areas, and the location is very close to the popular Mercer County Park. The West Windsor/Plainsboro School district is among the best in the State of New Jersey. Approximately halfway between New York City and Philadelphia, with easy access to each city, Princeton Chase is about 20 minutes from the New Jersey Turnpike and 5 minutes from Route 1. It is also just minutes from the Princeton Junction Train Station, served by both New Jersey Transit and Amtrak. Express trains to New York take 50 minutes.

Princeton Chase, in Princeton Junction, is a very prestigious address in West Windsor, Mercer County, NJ.

Contact Joe Giancarli, SA, 609-658-2612, for a private showing.

Home Sales Prices Drop while Number of Sales Rise

Standard & Poor's S&P/Case-Shiller Home Price Indices was released. It is a leading measure of U.S. home prices that showed a deceleration in the annual growth rates in 17 of the 20 MSAs and the 10- and 20-City Composites in August compared to what was reported for July 2010.  Home prices decreased in 15 of the 20 MSAs and both Composites in August from their July levels.

"A disappointing report. Home prices broadly declined in August. Seventeen of the 20 cities and both Composites saw a weakening in year-over-year figures, as compared to July, indicating that the housing market continues to bounce along the recent lows," says David M. Blitzer, Chairman of the Index Committee at Standard & Poor's. "Over the last four months both the 10- and 20-City Composites show slowing growth, after sustaining consistent gains since their April 2009 troughs.  The month-over-month growth rates tell the same story. Fifteen of the 20 MSAs and the two Composites saw a decline in the month of August as compared to July levels. The 10- and 20-City Composites fell 0.1% and 0.2%, respectively. Indeed, the housing market appears to have stabilized at new lows. At this time, it does not seem that any of the markets are hanging on to the temporary momentum caused by the homebuyers' tax credits."

Chicago, Detroit, New York and Washington DC have all posted at least four consecutive months of positive increases in home prices.

The good news is that existing-home sales rose again dramatically in September, as reported by the National Assn of Realtors (NAR).  Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0% to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August.  The number still remains 19.1% below the 5.60 million-unit pace in September 2009, when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.

Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. "A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions," he said.

The national median existing-home price for all housing types was $171,700 in September, which is 2.4% below a year ago. Distressed homes accounted for 35% of sales in September compared with 34% in August, and 29% in September 2009.

"Vacant homes and homes where mortgages have not been paid for an extended number of months need to be cleared from the market as quickly as possible, with a new set of buyers helping the recovery along a healthy path," Yun said. "Inventory remains elevated and continues to favor buyers over sellers. A normal seasonal decline in inventory is expected through the upcoming months."

Regionally, existing-home sales in the Northeast increased 10.1 percent to an annual pace of 760,000 in September but are 20.8 percent below September 2009. The median price in the Northeast was $239,200, which is 1.4 percent below a year ago.

I'm experienced and knowledgeable in short sales and distressed properties, with both buyers and sellers in Mercer County.  Contact me before you get too far behind in your payments or if you are ready to look at homes.  Remember, if you are Military, you can still use the tax credit this year.

Joe Giancarli, SA
Short Sale Specialist
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/

East Windsor NJ - Yorkshire Estates - SOLD - Woodfield Drive

Over $100,000 in Upgrades – this home is all you could ask for. Well designed & spacious; your full- front porch invites you into a soaring 2 story foyer. You’ll find 1st floor Hardwood Floors, a Kitchen for the chef(s) w/42” Cherry Cabinets, Corian & Granite Countertops, & an exceptional, “must see,” porcelain tiled floor. How does it get better – Crown Molding, Chair Rails, & a formal Dining Room to serve your culinary creations. There is an office for working or surfing the Internet, & a Family Room, w/a warming Wood-Burning Fireplace – you’re ready for the chilly nights ahead. Take the front, or “back” stairs to your 2nd floor. The Master Suite has a large walk-in closet w/closet organizers, & is complimented by an 11x11 Master Bath! Four additional bedrooms. A Finished Basement offers recreation, & the adjoining Large Workshop is a handy-person’s dream! Take the 1st floor’s Custom Anderson Sliders to your spacious 700 sq. ft. Stamped Concrete.


Contact Joe Giancarli, SA for a private showing, 609-658-2612.

Lawrenceville, NJ - Colonial Lakes - Bunker Hill Ave - SOLD

Beautiful restored Dutch Colonial located on a shady tree-lined street. This home has recently been updated and features new siding, roofing, replacement windows, modern kitchen with oak raised panel cabinetry, granite countertops, and tile flooring. The living room could be used as dining room, and there’s a family room with fireplace. Original restored shining oak hardwood flooring through out the first floor rooms. New carpeting in all three bedrooms. This home has the charm of yesteryear, reflecting historic features but offering modern amenities, and is close to the recreational opportunities of Colonial Lake Park.

Contact Joe Giancarli SA for a private preview.  609-658-2612.

Short Sales in Hamilton and Mercer Co NJ Rising

Reflecting the market nationwide, short sales in our part of New Jersey - Mercer County and surrounding areas - are on the rise.
The number of Short Sales flooding the U.S. real estate market has drastically increased in the past year – and will continue to rise, according to reports from Equator Financial Solutions and Campbell Communications.

Equator announced on July 15 that 300,000 Short Sales have been initiated on its system since November, according to a DSNews article. The company, which provides an online platform for 7 of the top 10 U.S. banks to manage their REO and Short Sale inventory, reported that it had hit the 200,000 mark for Short Sale initiations in June. In just a month's time, that number has increased by 50 percent.

Short Sales made up 18% of buy-side real estate transactions in June, according to an independent survey of more than 2,500 real estate agents across the country.

The survey, conducted by Campbell Communications, found that Short Sales constituted 12.5% of property sales in July 2009. That's compared with move-in ready and damaged REOs, which comprised 17.9 and 19.8%, respectively, of all closed transactions during the same time frame.That trend has apparently reversed. In June, move-in ready REOs and damaged REOs comprised 15.2% and 13%, respectively, of closed transactions.

"These numbers are encouraging because it tells us that more people are avoiding foreclosure," says RE/MAX Chairman and Co-Founder Dave Liniger (ABR, CDPE, CRB). "Short Sales are infinitely more complex and time-consuming transactions, so agents need to be educated on how to assist homeowners in this situation. We'll see an even greater influx of Short Sales flood the market as people take advantage of the government's Home Affordable Foreclosure Alternatives program."

The HAFA program, which streamlines the Short Sale process, was created to help both homeowners and banks avoid foreclosure, through the use of Short Sales or a deed-in-lieu of foreclosure when homeowners don’t qualify for or maintain a loan modification.

About HAFA

The HAFA program is crucial in streamlining the Short Sale process for homeowners, lenders and real estate agents as an alternative to foreclosure. Here are some of the key program guidelines:

• Lenders must respond to Short Sale requests within 10 business days of receipt of the offer package.
• The seller will be released from all liability for repayment of the primary mortgage debt.
• Subsequently, the seller is entitled to a relocation incentive of $3,000, which will be deducted from the gross sale proceeds at closing.
• The lender will be paid $1,500 to cover administrative and processing costs for a Short Sale or a deed-in-lieu.
• The property must be listed with a licensed real estate professional who does regular business in the community where the property is located.
• The lender is prohibited from requiring, as a condition of approving the Short Sale, a reduction in the agreed-upon real estate commission.

I am experienced and qualified to help you negotiate the short sale process, as a seller or buyer.  If you are having trouble meeting your mortgage payments, call me now.  You have options to foreclosure.

Joe Giancarli, Sales Associate
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/
http://activerain.com/blogs/josephgiancarli

© 2010 RE/MAX, LLC.

Staging your Hamilton NJ Home to Sell and Look Green

The Green movement isn't just a pretty word any more.  It helps sell homes, helps you save money, and preserve and protect our environment.  Here are some ideas to help you market your Mercer County home and emphasize its green features.

1.  Do an energy audit of your home and make a list of the changes and upgrades you have made.  This could include new caulking, insulation, lighting, EnergyStar appliances (those you will leave in the home), hot water heater, and solar panels.  If you have the records, show prospective buyers how much you have saved in your energy bills since you have made these changes.

2.  Market your green features in a special way, through a web site or book you leave in the home for showings.  Illustrate inside and outside features, from hot water heater, to bamboo flooring, to water-saving changes you have made in your landscaping.  This book will be the visual presentation of the list in #1.

3.  Start using green products so when buyers open your cupboards, they see green cleaning supplies.

4.  If you don't have one now, create a recycling center.  Even just labeling boxes or bins in the garage "Newspaper" and "aluminum cans" will show buyers you live the lifestyle.

5.  Do a sniff test in your home.  Do you smell paint or chemical cleaners?  A vinyl shower curtain?  These aren't as healthy and green, odor-free products.  The sniff test includes, of course, food and pet odors.  Try to make your home odor-neutral.

6.  Decorate with natural products.  Instead of buying a silk plant for the living room, buy a live one.  This time of year you can find flowering plants for low prices almost everywhere.  Use them for color and aesthetic appeal.

7.  If there are items in your home that you know buyers will replace, like old carpet or flooring, be ready with suggestions on green materials and where they can find out more.  Other items you can consider would be window coverings and bath fixtures as well.

8.  Improving the Green curb appeal of a home can include a small vegetable garden, water-saving fixtures, native grasses, lawn alternatives, collecting rain water, and a compost bin.  Whatever you have the time and the inclination to use yourself, will help the Green appeal of your Hamilton home.

Visit the GreenResourceCouncil for more information and ideas.  And call or email me to talk about making your Mercer County home stand out from the competition as a Green Home.

Joe Giancarli, Sales Associate
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.newjerseynewhomes.blogspot.com/

New Home Forecast for Mercer County NJ

According to economists speaking at the International Builders' Show in Las Vegas this past  week, the end of the economic recession, along with the continuation of low mortgage interest rates and stabilizing housing prices, will result in growth in the nation's housing market this year.  But improvements will come slowly as high unemployment levels will discourage consumers and push home foreclosures higher.

"The stage is set for the consumer to return," said David Crowe, chief economist of the National Association of Home Builders (NAHB), and because of the slow pace of the recovery home builders will profit from generally low inflation in building materials prices and wages.  Crowe warned that this remains "a cautionary period" for housing, largely because of the discouraging level of joblessness.  The inability of builders to obtain financing for new residential development is also "a significant retardant to recovery," Crowe said.

NAHB is forecasting 697,000 total housing starts in 2010, up 25.6 percent from an estimated 555,000 units last year. However, this year's recovery will occur entirely in the single-family sector, where starts are forecast to rise 37.7 percent from 443,000 last year to 610,000, he said. Suffering from an acute shortage of available financing, multifamily starts are expected to lose further ground in 2010, slumping to 87,000 units, down 22.3 percent from last year's 112,000 level. In 2008, 285,000 multifamily units were started, which is near the level that is needed to keep the supply in balance with demand.

I work with builders here in Mercer County and the surrounding areas, and can help you into a new home.  Visit my Dogwood Meadows site for ideas on models and amenities in one new home development in Hamilton.

To use your 1st Time Buyer or Trade Up tax credits, you need to start looking now and decide soon.   Contact me for references to lenders who can help you finance a new home and for the latest on builders and their products here in Mercer County.

Joe Giancarli
Sales Associate
609-658-2612
jgiancarli@remax.net

(resource:  RealEstate Channel)

East Windsor Attached Home in Twin Rivers - SOLD!

Beautiful 3 bedroom, 2.5 bath townhouse situated in a magnificent location in Twin Rivers. This home is loaded with upgrades. Totally updated kitchen with all newer appliances, freshly painted ceiling, brand new recessed lighting, beautiful oak hardwood floors, large pantry and spice rack, new hot water heater for instant hot water, decorative wallpaper, also in updated powder room. Spacious living room, dining room or den with built-in wall unit, neutral wall-to-wall carpeting and central vacuum system. Second floor features 3 bedrooms, 2 full updated bathrooms. Large master bedroom has full bathroom, full length closet, walk-in closet and ceiling fan. Lower level has partially finished basement with neutral carpeting, recessed lights, laundry room with plenty of closet and storage space, and brand new dryer. Backyard is fenced with lovely English style gardens, storage shed and gas grill. Close to pool, tennis, library and school.

Contact Joe Giancarli, 609-658-2612, for a private showing.

A Mercer County home is perfect for the commuter!

Here is a remodeled semi-detached home that is perfect for the first time buyer.  It is an outstanding investment and a great way to use your first time home buyer credit.  This home features, 3 bedrooms and 1 bath.  It has a remodeled kitchen with  new countertops and a custom ceramic tile backsplash plus stainless steel appliances.  The bath has been remodeled with ceramic tile.  The living and dining room feature hardwood floors.

There is a  full basement for lots of storage, and a great rear yard with paver patio and brand new 16x20 shed.

This home is perfect for the commuter - it is close to the River Line and central to New York or Philadelphia.
Please click here to take a virtual tour of 120 Juniper St, Burlington, New Jersey.

Priced at $139,900, I think you will agree that this seller is motivated!  Don't wait to make this your home. ~ Joe Giancarli, 609-658-2612