Archive for September, 2013

Is it Time for Your First Home? A Guide for Young Professionals and Millennials Buying Their First Home

September 24th, 2013 by Hudson & Marshall

Are you a young professional trying to live the “American Dream?” For many millennials, this includes graduating from college, pursuing the career they love and making big first purchases, like buying a home, with financial stability and support from loved ones.

The first step to buying any home is to first make sure you’re ready. Buying is a commitment, so understand that purchasing a home comes with more responsibilities and upkeep costs compared to renting. However, there are several benefits including the ability to customize your space, an increased value on the home in the future, paying off your mortgage entirely and tax benefits. Once you know you’re ready, it’s time to start the process. Below are some tips to get you headed in the right direction:

“Where do I start looking?”

When starting your house search, begin by checking the selling prices of homes in your area or the area in which you want to live. There are several ways to search home values, including Zillow, Trulia, the national MLS listings website and smartphone apps such as Homesnap. Another option is to purchase a home at auction. Companies such as Hudson & Marshall specialize in conducting nationwide home auctions for foreclosed properties and offer ways to search for these homes through online auction schedules and state search maps. Read the rest of this entry »

Spotlight On: Gary Anthony, Executive Regional Director East Region [NJ and PA], RealEstateAuctions.com

September 16th, 2013 by melissa

Spotlight on . . .Gary Anthony

We recently spoke with Gary Anthony of RealEstateAuctions.com. As Executive Regional Director for New Jersey and Pennsylvania, Gary has extensive experience dealing with sales in all sectors from commercial and development to land and residential. With a solid background in online auctions, we discussed this platform with Gary as well as other current topics in real estate auctions.

PA: Tell us about your organization and your role in the company.
GA: We are a national auction company that handles both traditional real estate and auctions. However, our focus is on auctions. I am the Regional Director for the East covering New Jersey and Pennsylvania.

PA: What type of properties do you specialize in?
GA:
As a company, we auction all types of properties. Many of the agents and Regional Directors on the ground have their different specialties, but we all come together and auction anything from raw land to notes and everything in between. Read the rest of this entry »

PA Picks – Looking Towards Ski Season…

September 13th, 2013 by Ori Klein

With summer officially over and all things fall and winter on the horizon, many are looking to make the most of the impending cooler weather. Vacationers are starting to set their sights on hitting the slopes, which is why we are checking out a prime ski resort property.

Located in Vernon, New Jersey on 140 sprawling acres, Hidden Valley is a premier ski resort that has hosted a plethora of vacationers and tourists since 1976. A ski-lover’s oasis, this property boasts a vertical drop of 620’ feet, four (4) lifts, twelve (12) lighted trails and 100% snowmaking capabilities. Over 25,000sf of upgrades include a main lodge, rental and maintenance facilities, and much more. This advantageous opportunity presents all furniture, fixtures, equipment, trade names, goodwill and other rights as well as a bar/restaurant with liquor license as part of the sale. This vacation spot also offers the potential of being re-established as a year-round resort by the various improvements made on the top of the mountain on the banks of a 10-acre spring-fed lake. With an ideal location less than an hour from Manhattan, this property is going to be a solid investment for the lucky winning bidder. Auction date is October 1st. Final bid subject to court approval.

http://www.auctionadvisors.com/auctions/property-details/recreational_56

Real Estate’s Summer Synopsis

September 4th, 2013 by Ori Klein

With summer now at a close, real estate industry professionals are assessing the steady progress being made in the property market. With interest rates still historically low (though starting to climb) and bidding wars actually making a comeback, one can get cautiously optimistic that the economy is on the upswing.

The most notable sign of this was the incredibly low amount of inventory on the market. Sparse offerings that have been witnessed in California before the summer began are now being seen in several major markets. Realtor.org reports, “July’s real estate market data shows the nation experienced a 5.24 percent decline in housing inventory, which is the second month in a row with year-over-year inventory declines in the single digits…While California markets have dominated the list of markets with the largest housing inventory declines in the first part of 2013, they have been replaced by a new set of market leaders including: Detroit, Michigan; Boston; Denver; Honolulu and Naples, Florida. The large decreases in the for-sale inventory in these markets suggests the beginning of a housing market recovery process similar to what was observed in Florida in 2011, and in California in 2012 and 2013.” Read the rest of this entry »

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