Middlesex County- Condominium Prices NOVEMBER 2009
Condominium and Townhomes. 2009 YTD average sold price.
Avenel
$242,500
Dunellen
$194,000
East Brunswick
$257,491
Edison
$277,914
Fords
$257,800
Helmetta
$208,000
Highland Park
$293,800
Iselin
$208,833
Jamesburg
$225,206
Metuchen
$258,085
Middlesex
$195,175
Milltowm
$245,667
Monroe
$370,000
New Brunswick
$244,493
North Brunswick
$236,270
Old Bridge
$296,064
Perth Amboy
$193,900
Piscataway
$270,157
Plainsboro
$231,954
Sayreville
$268,725
South Amboy
$310,617
South Brunswick
$289,957
South Plainfield
$263,828
Spotswood
$189,250
Woodbridge
$193,710
* Data from the Middlesex County Multi Listing System. Calculated on 11/14/09.
New Jersey First Time Home Buyers - Programs and Information
"We are extremely happy about the services provided by Cathy, her patience and diligence in making us view houses that suit our needs. She works smart ...She is simply a great realtor to work with." -Rashmi and Vishwas [New Jersey First Time Home Buyers]
"I just wanted to thank you [Cathy] for your time in helping us find the right home for our family. We are moving in on thursday and are extremely excited about the house...thanks again." -Ronika and Manish S. [New Jersey First Time Home Buyers]
"I was born in New-Brunswick New Jersey and I am extremely knowledgeable about most cities and neighborhood here in Central Jersey. I can help you find your "perfect home" based on your personal wants and circumstances." Cathy C.
As mentioned during our two last events, local down payment programs and grants, concessions, incentives and lending opportunities are there for Middlesex County home buyers who are aware of them.
If you have missed our two last home buying workshops and would like to go over the same information, it is not too late. Register now to set up your very own individual tutorial, at no cost or obligation.
Breaking News - May 13, 2009 from US Department of Housing (HUD):
HUD Secretary Shaun Donovan’s announced the decision to allow consumers to use the $8,000 tax credit first-time home buyer to help cover their downpayment and closing costs on FHA-insured mortgages. The $8,000 first time home buyer tax credit is only available until 12/01/2009.
As a New Jersey First Time Home Buyer, the State of New Jersey wants you to buy Real Estate
Accumulating the funds for downpayment and closing costs can be difficult
The Smart Start Program is here to help first time home buyer just like you!
If you qualify, the State of New Jersey will give you up to 4% credit of your mortgage amount at closing toward your down payment
Are you aware of the American Dream Down Payment Program offered by Middlesex County Department of Housing? Assistance can range from $8,500 to $13,500.
Are you aware of what the new Stimulus Bill can do for you? $8,000 Tax Credit that may not have to be repaid (If you keep your new home for 36 months or longer you never have to repay the incentive).
In order to qualify for the $8,000 Tax Credit stimulus incentive you must:
Not have owned a home in the past three years.
Use the new home as your primary residence.
Have an adjusted gross income of less than $75,000 ($95,000 phase out) per person or $150,000 ($170,000 phase out) per couple.
Buy your new home before the First of December 2009 (12/01/2009).
"Rates are still low and home choices are still plentiful. This is a great market for first time home buyers in New Jersey and I can lead you all the way to home ownership. However you still have to make the first step and contact me. Sellers pay for my commission, not the Buyer*. So what are you waiting for...let me help YOU..." -Cathy C.
*Except very rare circumstances
The Housing Affordability Index is at record high
There is still enough inventory to choose from
Stop paying rent, start building home equity
Two words: Tax Saving !
Two more words: Stimulus Bill ($8,000 Tax Credit) !!
Interest rates are historically at their lowest but they will move back up
Invest in your future
You could be building your own wealth instead of your landlords
Need more reasons? Call me...
Common First Time Home Buyers Mistakes (that you don’t have to make):
1. Not asking enough questions of their lender and end up missing out on the best deal. 2. Not acting quickly enough to make a decision and someone else buys the house. 3. Not finding the right agent who’s willing to help them through the complete home buying process. 4. Not doing enough to make their offer look appealing to a seller. 5. Not thinking about resale value before they buy.
Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
"It is my first house and as a first time buyer I had a lot of questions. She [Cathy] answered all my queries. She also gave me a lot of good advice ...She has also helped me a lot after the closing of the house." - Sunil J. [New Jersey First Time Home Buyer / Woodbridge].
