The Upside Of Higher Mortgage Interest Rates, How To Handle An Oil Tank On Property You Buy, Change In Online Searches For Homes For Sale

The Upside Of Higher Mortgage Interest Rates

Real Estate Tip:

When you pay for an oil tank scan on a property you are going to buy, have the company you hire determine whether the tank is actively in use. If the tank has been taken out of service, you should request all documents relating to the tank closure including town permits and contractor reports. These documents will prove the tank was closed properly according to regulatory guidelines.

Real Estate Insight:

Online searches for "homes for sale" are down 10% year over year.

The Business Pillar You Are Probably Missing, Underground Oil Tank Danger, Mortgage Rates Fly

The Business Pillar You Are Probably Missing

Real Estate Tip:

Always pay for a tank scan to check for underground oil tanks during your purchase contract's inspection period when you buy property.

Real Estate Insight:

Home mortgage rates hit 5%

The Perils of Filing Bankruptcy, The Perils Of Overpricing Property, NJ Home Sales Decline By How Much?

The Perils of Filing Bankruptcy

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate Insight:

The pace of home sales in NJ continues to decrease with another decline of 12% projected for March.