There are a variety of opportunities in the New Jersey real estate market for both buyers and sellers. If you're a prospective buyer click here for a full home search, or if you're considering placing your home on the market, get a free home value report, right here.
Today we are going to talk about some opportunities that exist right now in the luxury home market. Some of these deals are unheard of, and prices are much, much lower than where they have been in the past.
Most of these opportunities in our area exist in the towns of western Morris County. To give you a specific example,one home that sold in 2006 for $1,812,000 just came back on the market with an asking price of $975,000.
Homes just like this can be had for hundreds of thousands dollars less than in the past. If you are thinking about upgrading your home, the value you will get from a luxury home is unlike any other value you are going to get. An upgrade of $500,000 in 2006, on average, is $200,000 less today. There are also some different kinds of property tax exemptions that these properties are eligible for.
If you'd like to take a look at these homes, or just have questions about them, please give us a call or send us an email. We would be glad to help!
