What's Changing in the Mortgage World?

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 I wanted to share with you some changes going on within the mortgage market and how they will benefit both buyers and sellers in 2015.

The first thing I want to share with you has to do with FHA loans. Recently, the FHA significantly decreased their insurance premium on low-down payment loans, which is going to save a lot of buyers a lot of money.

Another change has to do with conventional loans. There has been a substantial reduction to the required minimum down payment, from 5% to 3%. So instead of an average of $20,000 for a down payment, it's more like $12,000 now.

The last change I wanted to mention to you has to do with appraisal reform. Over the last year we have had a difficult time with appraisals, but this new process should lead to fewer appraisal problems, as well as more home closings and sales.

On top of this, we have historically low interest rates. Right now, you can get a 30-year fixed-rate mortgage at 3.75% and a 2.99% rate for a 15-year fixed. This will bring more buyers to the market and give your home a better chance at selling quickly.

If you have any questions about mortgages or about real estate, be sure to give us a call. We would be glad to answer any questions you have, and look forward to talking with you soon!
 

Looking for an Incentive to List Your Home?

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.

Have you entertained the thought of upgrading to a larger home? Today, we share some information that will help you better understand the move-up market.

In some communities here in New Jersey, we have seen a drop-off in activity in the move-up sector of the market. The lack of confidence homeowners have is a big reason for this, as they are hesitant to put their homes on the market. Our goal is to provide an incentive for homeowners to list their homes in order to stimulate this area of the market.  

To do this, we offer a Trade-Up Guarantee - we will sell your home in 49 days or we will sell it for free. This program should help buyers who are entering the marketplace by giving them confidence their current home will sell. Additionally, it should help sellers in the market place who list their homes with us, as they will have an incentive to put their home on the market because they know it will sell quickly or for free.

We're excited to be rolling out this program just in time for the new year. If you have any questions about how it can help you, give us a call or shoot us an email. We would love to hear from you!

What Sets Us Apart from Average Agents?

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.

We at the Tucker Real Estate Team offer a wide range of guarantees to ensure our clients are taken care of. In this challenging market, it takes effort and expertise to help buyers and sellers successfully navigate the market. Despite tough conditions, we have some pretty impressive statistics.

Over the past 12 months, our listings have sold for 2% more than the market average and are on the market for about half the time. The reason for our success is the system we have in place - our team approach allows us to assign 2 agents to every client, in addition to a support staff that enables us to deliver remarkable service. 

We offer a handful of unique guarantees to make clients feel protected when buying and selling. Our Love it or Leave it guarantee allows you to walk away and work with someone else if you're not satisfied with what we're doing to represent you. For sellers, we offer a similar guarantee called the Easy Exit Guarantee. In addition to these services, we offer a 48 Day Home Sale guarantee - if we don't sell your home in 48 days we'll sell it for free!

We would love to sit down with you and go over all the details of these fantastic programs. If you have any questions about what we have to offer, or about any real estate related topic, don't hesitate to reach out to us. We would love to assist you!