Foreclosures and Short sales 6/1

Welcome first week of June! With the coming summer, along with buyer incentives, we've seen a tremendous increase in activity. Even though overpriced homes continue to sit, those that are priced well are moving, some of them even getting multiple offers and going OVER list price (I kid you not.).

Here are this week's listings for Middlesex County. Click the town to view. If you'd like more information on any of these homes or have any other questions, feel free to contact me directly at 609-865-5877 or cooper@zastko.com.

East Brunswick

Edison

Monroe

New Brunswick

Old Bridge

Piscataway

Sayreville

South Plainfield

CONDOS

MULTI-FAMILY HOMES


Get Off the Fence!
These past couple of weeks, we've seen a tremendous increase in Buyer activity. Many have been waiting and watching, and now, they are making their move.
Rates on the Rise
This past week, mortgage rates actually increased signficantly, going up 0.25%, reversing a previous flatline trend. As previously reported, rates were artifically suppressed to unusual lows, and with greater confidence in the market, they are now on the rise. Rates are still great, but if you're looking for the absolutely lowest, you missed it.
A Changing Market???
Another trend we've seen this past week is a shift on certain homes from a Buyer's to a Seller's Market. This is happening when Sellers are pricing their homes well, causing several potential Buyers to make offers on their home, resulting in a contract at or over list price. Many homes are still over-priced, leaving the overall market in the Buyer's favor, but by using this technique, Seller's are taking control on their home (even though its still a great price for the Buyer!).
Don't Get Caught Waiting
In the end of the day, those who sit and wait for something to happen will lose out. As Jeff Otteau recently said:
"Those who wait will regret it. The next six months represents a sweet spot in the housing market that isn't going to come back."
If you're ready to make the move, feel free to contact me at cooper@zastko.com or call me direct at 609-865-5877.
This Week's Foreclosures and Short Sales
Activity has really begun to pick up in Central Jersey as buyers are coming out of the woodwork. You can view this week's Foreclosure and Short Sale homes by clicking here.
Deal of the Week

WOW!!! This Grand 5 Bedroom, 4 1/2 Bath Estate home in Old Bridge is BANK OWNED and ready to move! Definitely would not wait on this one!
Offered at $625,000.
For more information or to schedule a showing, feel free to contact me at cooper@zastko.com or call me direct at 609-865-8577.


Cooper FordRealtor Associate732-297-0600Email MeVisit My Website
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