Thinking about Selling?

Thinking about Selling?

As a homeowner, it’s always tempting to dream about the next big project you’re going to tackle. The possibilities are endless. Should I renovate? Should I refinance? Should I stay? Should I move? The list goes on and on.

In today’s housing market, it’s actually a great time to shift your thoughts toward selling your house and moving up into the home of your dreams.

Here’s why:

Inventory is on the rise, but there’s still an overall shortage of houses for sale (less than a 6-month supply found in a more normal market), so homes are going under contract quickly. In fact, the National Association of Realtors (NAR) Confidence Index reports that right now homes are only staying on the market for an average of 27 days. That’s less than one month, an even more accelerated pace from the 36-day trend we saw last spring.

The same report also indicates there are more interested buyers than active sellers today, which is one of the big factors driving home prices higher. (1)

Average # of offers received on the most recent closed sales 2.3 offers. (2)

Appreciation Is Strong:It Might Be Time to Sell

There’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why selling now is likely to drive the greatest return on your largest investment. 

Home values have been appreciating for several years now, and prices are expected to keep climbing over the next few years, but they are not projected to continue to increase at such a high rate.

Here’s What That Means for Homeowners

The latest Home Price Expectations Survey (HPES), forecasts an average annual appreciation rate closer to 3.2% over the next five years, which is more in line with a historically normal market (3.6%). The good news is, there’s still time to take advantage of the current strength of home prices by selling your house now.

Looking at the projections as they stand today, 2019 is slated to drive the strongest appreciation as compared to the upcoming few years. With average home prices still on the rise, the pace at which they are predicted to continue increasing will likely soften by 2020. (1)

SOURCES: (1.) KEEPING CURRENT MATTERS (2.) NAR 2018 BUYER AND SELLER SURVEY 

Fall in Orange and Sussex Counties

Fall in Orange and Sussex Counties

It seems like only yesterday we were looking forward to the beginning of Summer. And now here we are in September, with Summer ending and Fall on its way. There is something very special about September in Orange and Sussex Counties. Known for our abundance of apple orchards and wineries, there are lots of places to explore on weekends. Before we know it, leaves will be turning vibrant reds and oranges. And the natural beauty of these counties, lying side by side in adjoining states, is spectacular.

 

Places to go, things to do…

It’s Apple Picking Time!

Here’s a list of just some of the places to go to pick your own apples from hvparent.com.. Further, it’s almost pumpkin picking time, too. Visit their websites for more details on each location, including any admission fees, picnicking rules, etc.

Apple Ridge Orchards, 101 Jessup Rd, Warwick. Friday through Sunday, 9 a.m. to 6 p.m. Tractor-pulled hay wagon, friendly farm animals, honey bee observation hives and farm stand. 845-987-7717.

Apple Dave’s Orchard (Formerly known as Applewood). 82 Four Corners Rd, Warwick. Daily, 9 a.m. to 5 p.m. Music, hay rides, puppet shows, food.and farm store. 845-986-1684.

Masker Fruit Farms, Inc., 45 Ball Road, Warwick. Open 7 days a week, 9 a.m. to 5 p.m. Barnyard baby animals, pony and wagon rides and country store. 845-986-1058.

Ochs Orchards, 4 Ochs Ln, Warwick. Pick Your Own, Wed. through Sun., 9 a.m. to 5 p.m., but always call before you come (845) 986-1591 as they may close at any time due to weather or picked out fields. Store is open 9 a.m. to 6 p.m.

Pennings Orchard. 169 State Rt. 94S, Warwick. Open 7 days a week, 9 a.m. to 5 p.m. Farmer’s market, beer garden, pumpkin fields, hayrides, farm animals and more. 845-986-7080.

Soons Orchards & Farm Market. 23 Soons Circle, New Hampton. Apple picking weekends 10 a.m. to 4 p.m. Country store open daily 9 a.m. to 6 p.m. Orchard Hill CIder Mill Tasting Room Thursday – Sunday, 12 p.m. to 6 p.m. 845-374-5471.

Warwick Valley Winery & Orchards. 114 Little York Road, Warwick. Orchard hours Mon-Sun, 11 a.m. to 5 p.m.  Live music every weekend from 2 p.m. to 5 p.m. There is a tasting room bar and cafe with a bistro menu as well as the Black Dirt Grill, open on Thurs.and Fri. 12 p.m. to 4 p.m., and Sat, and Sun., 12 p.m. to 5 p.m.

Wright Family Farm. 329 Kings Highway, Warwick. Sept. hours are Sat. and Sun.10 a.m. to 6 p.m. (last admission 5 p.m.). Farm Stand and Granny’s Basket with knitting creations. The Barnyard includes corn box, farm animals, rubber duck races, hayride, pedal carts, pumpkin bowling, cow train, tube slide and community campfire. Save money on tickets to Barnyard by buying online. 845-986-1345

Beemerville Orchard. 73 Lusscroft Rd, Sussex. Small family-run orchard. On-site store with apples, honey and more.

Pochuck Valley Farms Market and Deli.  962 McAfee Glenwood Rd, Glenwood. Pick your own hours 8 a.m. to 3:30 p.m. Entertainment on weekends starting Sept. 14. Country store with bakery, deli and gift items. 973-764-4732.

For a listing of wineries, click here for our blog post from May of this year.

Places to go, things to do in Orange County, New York

25th Annual Taste of Warwick. Sept. 10, 6 p.m. to 9 p.m. Warwick Valley Winery, 114 Little York Road, Warwick. Music, food and wine sampling.Visit the web page for a list of participants and ticket information. 845-986-2720.

New York Renaissance Faire. 600 Rt. 17A, Tuxedo.  Every weekend through Oct. 6, 10 a.m. to 7 p.m. Themed weekends, music, dancing, food and live entertainment. 845-351-5171.

Wawayanda Music on the Farm, Sept. 14-15. Sunflower Valley Farm, 366 County Rd 12, New Hampton, NY – 2 days of magical music, fabulous food and family fun, featuring local and national music artists and artisans. Tickets starting at $30.

Bellvale Farms Creamery. 1390 Route 17A Warwick, Ranked #2 among the top ten ice cream parlors in the U.S. by Trip Advisor, you’ll want to make sure to get there before they close for the season on Oct. 30!   Mon, Tues & Wed open 12 p.m. to 8 p.m., Thurs-Sun, 12 p.m. to 9 p.m. 845-988-1818.

Events – Sussex County, New Jersey

Vernon Street Fair and Farmers Expo.  Sept. 7. Main Street between Route 94 and Guthrie Road, Vernon. 11 a.m. to 4 p.m. Hosted by the Vernon Chamber of Commerce. Contests, music, amusements for the kids, and local vendors for shopping! And… Food!!

Great Pumpkin Festival. Weekends from Sept. 14 – Nov. 3, 10 a.m. to 6 p.m. Heaven Hill Farm, 451 State Route 94, Vernon. The largest fall festival in Northern New Jersey, ride the hay wagon tractor to the Pumpkin Patch and find your perfect pumpkin. There’s a large corn maze, visiting farm animals, spider web crawl, barnyard sports, obstacle course, and much, much more. Check the website for admission prices and other details.

Sussex County Day, Sept. 15. Sussex County Fairgrounds, 37 Plains Rd, Augusta. 12 p.m. to 5 p.m. Celebrate Sussex County at this free event. There will be lots of vendors, exhibits, food, contests, giveaways and much more! Check the web page for entry forms for the contests, which include the Sussex County Idol Singing Contest! And for those whose culinary skills exceed their vocal abilities, there are lots of cooking and baking contests.

49th Annual Peters Valley Fine Craft Fair. Sept. 28 & 29, 10 a.m. – 5 p.m. Sussex County Fairgrounds, 37 Plains Rd, Augusta. 12-5 p.m.  This event is the largest fundraiser for Peters  Valley School of Crafts. With over 150 exhibiting artists, demonstrations, live music and more, odds are that you will find a unique,l hand-crafted item to take home with you!

Newton Theatre. 234 Spring Street, Newton. If you haven’t discovered The Newton Theatre yet, now is a great time to check it out.  The historic theatre, founded in 1924, presents diverse programming, ranging from world-renowned music acts, comedians, family productions, holiday shows and movie nights. It is also home to the Newton Theatre Arts Academy for children 5 and above. This 501(c)(3) non-profit organization also finds ways to give back to the community. Box Office: 973-940-NEWT.

Fall projects for your home

While it’s not quite time for Fall/Winter home maintenance, there are some end-of-summer chores you might want to put on your to-do list. Charles and Hudson features Your End of Summer Home Maintenance Checklist.

Homebnc.com has some unique Fall wreaths to decorate your front door for the season. And, if you don’t find your inspiration there, Southernliving.com has 90+ Fall Decorating Ideas for a Beautiful Autumn Season.

Fall Recipes

Buzzfeed.com’s has 21 (Really Good) Recipes to make in September. You’re sure to find some inspirational for the seasonal produce grown on local farms.

Have a wonderful September. See you next month!

 

 

Green Team Realty 2019 Summer Social

Green Team Realty 2019 Summer Social

Green Team Realty 2019 Summer Social … A Family Gathering

It’s a familiar scene. As summer ends, families gather to enjoy one more fun day in the sun. And the Green Team is no different. Children race around the grounds, laughing and playing. Adults gather at picnic tables, enjoying the food, beautiful weather, and the company. The Sales Associates of Green Team New York Realty and Green Team New Jersey Realty work hard all year. However, the Summer Social is a day to unwind and introduce their families to their Green Team Family. Geoffrey Green, President of Green Team Realty, understands the importance of having days like this. Events where everyone can kick back, talk shop or talk family. And just relax and be together!

Thanks to our sponsors, and to all the Green Team’ers who brought Pot Luck dishes! The food was fantastic. Further, the weather could not have been more perfect. Finally, we could not have asked for a more wonderful setting than Spring Brook Farm.

 

Spring Brook Farm

This beautiful family farm is owned by Marie Pennings. Spring Brook Farm is a wedding and special event destination. But it was also the perfect venue for the Green Team Summer Social!  Besides the acres of land, perfect for games and just running around, many also took advantage of the swimming pool.  Of course there was lots of room for tables and food stations. And the lovingly restored barn provided a look back at the history of this special place. Finally, there were the absolutely gorgeous views.

Thank you to all our wonderful sponsors!

The sponsors for our Summer Social helped make this a day to remember! We appreciate their contributions to what was an incredible event. Thanks to:

Party Heroes 

Amy Green, Vice President of Mortgage Lending, Guaranteed Rate

[email protected], www.rate.com/amygreen

(O) 973-939-8688 (C) 845-545-4315 (F) 312-462-1135

Beer

David Willner, Franchise Owner/Licensed Inspector, Pillar to Post Home Inspections

[email protected], pillartopost.com/davidwillner

Beverages & Sangria

Laura Moritz, Director of Sales, Northeast Region, Classic Mortgage

www.classicmortgagellc.com

(C) 845-222-8270

Ice Cream

Bob and Alison Miller, Road Trip Mobile RV Service

facebook.com/roadtriprvservice

973-903-0104

Picnic Accessories

Donohue, O’Connell & Riley PLLC, Estate, Tax & Elder Law Attorneys

www.docrlaw.com

844-50-TRUST

and last, but not least…

Askin & Hooker, LLC, Attorneys at Law, Residential and Commercial Real Estate, New York and New Jersey

askinlaw.com

973-729-7711

Family Snapshots

Of course, what would a family get-together be without photos to remember the day by.

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids

According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.

Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR)studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:

When Purchasing a Home

The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the quality of the school district is an important factor when purchasing a home, and 50% select neighborhoods by the convenience to the schools.

Buyers with children also purchase larger, detached single-family homes with 4 bedrooms and 2 full bathrooms at approximately 2,110 square feet.

Furthermore, 26% noted how childcare expenses delayed the home-buying process and forced additional compromises: 31% in the size of the home, 24% in the price, and 18% in the distance from work.

When Selling a Home

Of those polled, 23% of buyers with children sold their home “very urgently,” and 46% indicated “somewhat urgently, within a reasonable time frame.” Selling with urgency can pressure sellers to accept offers that are not in their favor. Lawrence Yun, Chief Economist at NAR explains,

“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer.”

For sellers with children, 21% want a real estate professional to help them sell the home within a specific time frame, 20% at a competitive price, and 19% to market their home to potential buyers.

Bottom Line

Buying or selling a home can be driven by different priorities when you are also raising a family. If you’re a seller with children and looking to relocate, let’s get together to navigate the process in the most reasonable time frame for you and your family.


Vikki Garby is Green Team New York Realty’s 2019 2nd Quarter Sales Leader

Vikki Garby is Green Team New York Realty’s 2019 2nd Quarter Sales Leader

Vikki Garby is having a great year. She was 1st Quarter Sales Leader for 2019,  And now Green Team New York Realty is very proud to announce that Vikki is 2nd Quarter Sales Leader. According to Geoff Green, President of Green Team New York,

“Vikki Garby is a smart, focused Real Estate professional. Furthermore, the analytical abilities developed during her time as an investment banker and real estate investor contribute to her success in both Residential and Commercial Real Estate. It’s exciting watching Vikki grow her Real Estate Business. Green Team New York Realty is extremely blessed to have her as part of our Agency.”

More about Vikki…

As mentioned above, Vikki was an investment banker for a major bank in New York City. During that time she reviewed and negotiated complex contracts on a regular basis. And it was also during that time that Vikki became a real estate investor, negotiating on her own behalf as a buyer.

Her love of real estate and skill at navigating its many transactional parts lead her to obtain her license so that she could help others achieve their real estate goals. Furthering her education and skills, Vikki obtained her Commercial and Investment Properties Real Estate Certification (“CIREC”) last summer.

Vikki had this to say about her recent achievements:

“I have been blessed with a great year working with wonderful and supportive clients. Their loyalty has allowed me to grow my business each year. It has been an extremely rewarding and fulfilling year so far. The great team I have at Green Team New York Realty helps tremendously.”

 

Keren Gonen is Green Team New Jersey Realty’s 2019 2nd Quarter Sales Leader

Keren Gonen is Green Team New Jersey Realty’s 2019 2nd Quarter Sales Leader

Green Team New Jersey Realty is pleased to announce that Keren Gonen has been named 2nd Quarter Sales Leader for 2019. Keren finished 2018 on a high. She was 3rd Quarter Sales Leader for 2018. And she also was a recipient of the Circle of Excellence Award.  However, it now looks like 2019 is going to be a great year, too.

Geoff Green, President of Green Team Realty had this to say:

Keren is one of the bright young stars in this industry. She goes out of her way to provide the best service to her clients. That’s why she’s a top producer.

When Keren received the award for the 3rd Quarter Sales Leader of 2018, Geoff said, “I am 100% confident that we will see Keren as the winner of the Quarterly Sales Leader Award many more times in the future.”

It looks like Geoff was right on all counts!

Keren’s recipe for success

Keren’s recipe for success is simple:

I treat people how I would want to be treated. Whether you’re selling or buying, it can be an extremely stressful process. But if you have an agent that listens, is knowledgeable and holds your hand throughout, it makes it bearable. You come out the other end successful. I give my clients the attention and dedication I’d expect. And that’s why so many of them have enjoyed a positive experience.

 

3 Things to Know in the Housing Market Today!  Copy

3 Things to Know in the Housing Market Today! Copy

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.

1. Interest Rates

One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.

2. Building Materials

Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much as $10 billion in goods imported from China are used in homebuilding. Depending on the outcome of the tariff and trade discussions between several countries, there could be as much as a 25% boost in the cost of building materials.

3. Economic Slowdown

In a prior blog post on this topic, we began the year with many economic leaders thinking we could expect a recession in late 2019 or early 2020. As spring approached, we reported that economists had started to push that projection past 2020. Now, three leading surveys indicate that it may begin in the next eighteen months.

Bottom Line

We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months. Whether you are thinking of buying or selling, it’s a great time to be in the market.

5 Easy Steps to Avoid Overwhelm from Media Overload

5 Easy Steps to Avoid Overwhelm from Media Overload

When someone is thinking about buying or selling a home, they want to be well-informed. They want to make the right decision for themselves and their family. They scour the internet for any information they can find about the housing market.
Today, there is an abundance of information available. It is often conflicting news. It can easily lead to confusion and concern, perhaps even causing a potential buyer or seller to cancel their plans to move altogether. Instead, the best things to do are sit down and take a deep breath.
In a recent article, Jeff Davidson, a recognized speaker on the subject of productivity, explained:
“The pace at which new information arrives will accelerate every day…Too often, the reflex to take action only exacerbates your time-pressure problems. Do not bite off more than you can chew, and acknowledge that often, the wisest response to too much competition for your time and attention is to simply slow down to assess the best way to proceed.”
To that point, here is an easy five-step process to follow if all of this information seems overwhelming:
Calm Down – Don’t let the confusion lead to concern or panic.
Slow Down – As Davidson suggests, just “slow down to assess.”
Think – Remember the reasons you wanted to move in the first place. Are they still important?
Plan – Determine whether or not the new information should change anything. If you need further clarification on some points, reach out to a real estate professional in your area for a better understanding.
Act – After thorough consideration, feel good about your decision, whether you decide to move or not.
Bottom Line
Don’t let the plethora of seemingly conflicting information on the housing market stop you from moving forward with your life. Let’s get together to ensure you get the valuable counsel you need so you can make the right decision for you and your family.

Green Team Realty 2019 Summer Social Days Away!

Green Team Realty 2019 Summer Social Days Away!

We’re only days away from the Green Team 2019 Summer Social. Many of us have had 2 p.m., August 24, blocked off on our calendars for months now, and with good reason. According to Geoff Green, President of Green Team Realty,

“The Green Team Realty Summer Social is a great opportunity for all of us to take a break, reconnect, and have some fun. Bringing our extended Green Team Family together for a day at Spring Brook Farm is always something to look forward to.”

Spring Brook Farm

Spring Brook Farm in Warwick is a 15-acre family-owned and operated event venue. Incredible views surround you.  Furthermore, with an in-ground pool and lots of space for games, it’s the perfect place for the Summer Social.  Of course, adding to the charm is the authentic barn which was built back in 1850.

Summer Social is a way for the sales associates of Green Team New York Realty and Green Team New Jersey Realty to kick back and enjoy a day that is all about family. It’s a great way to get to know each other, introduce our families to our “work” family, and to network. In this relaxed setting, our sales associates share information and resources that will benefit Green Team clients. And with the weather forecast looking promising, the pool is sounding very inviting!

Thank you to our Sponsors

As the number of sales associates grows, these company social events become even more important  And we appreciate the sponsors who are helping to make this summer social possible … and even more fun!

Thanks to Road Trip RV Service, Pillar to Post, Guaranteed Rate Donahue, O”Connell & Riley PLLC, Classic Mortgage and Askin & Hooker, LLDC.

 

 

 

S

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Buying a Home: Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights:

  • Buying a home can be intimidating if you’re not familiar with the terms used throughout the process.
  • To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home.
  • The best way to ensure your home-buying process is a positive one is to find a real estate professional who will guide you through every aspect of the transaction with ‘the heart of a teacher.’
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