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Date Archives: September 2022

JJ ELEK REALTY BLOG Home

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Buy A House | 28 Posts
Homeowners | 2 Posts
Market Updates | 4 Posts
Real Estate | 4 Posts
Realtor Tips | 8 Posts
Sell A House | 14 Posts
Selling | 1 Posts
Uncategorized | 1 Posts
September
30

Continued buyer interest boosts Middlesex county real estate markets

Real estate markets in Middlesex county remain strong as continued interest from buyers and low inventories are bolstering prices. Although new listings are up from where they were from a year ago, housing inventories are still not keeping up with buyer demand in markets throughout New Jersey.

Locally, there were 502 new listings in September, and the median sales price for houses in Middlesex county rose to $480,000. Statewide, prices remain about 20% higher than a year ago. Interest from buyers has not cooled despite the increase in mortgage rates, although some buyers have had to adjust their price ranges to quality for home mortgage loans.

Meanwhile, houses continue to sell at a fast pace. Typical transactions are moving quickly and homes in the hottest markets are selling within a few days. 

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Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

September
22

Home Improvement Projects You Should Not Ignore

When the temperatures drop and the leaves start to fall, it's time to take a good look at your home's plumbing. Preventative measures are key to avoiding damage and pricey repairs. To help you with your maintenance efforts, we've gathered some of the most common plumbing problems that start in the fall season.

Preventable Plumbing Problems

  1. Cluttered gutters
    There's plenty of beauty to be found in the changing leaves but you don't want them to settle into your home's gutters when they fall. From roof damage to foundation issues to cracks, full gutters can lead to costly repairs. Prevent this by putting on some thick gloves, grabbing a ladder and a small shovel, and clearing out the clutter. Follow up with a good rinse of the gutters with a hose and inspect them for damage or cracks.
  2. Clogged cleanouts
    Falling leaves can land in the cleanout—the outdoor pipe that provides access to the plumbing—if the cover or cap is opened or damaged. To prevent a backup of water flow leading to plumbing issues, call in a professional who can perform a camera inspection and drain snaking to ensure there's no obstruction.
  3. Dirty sump pump
    A quick visual inspection can tell you whether or not the sump pump is working—and catching it early is crucial. The pump's filter screen can collect leaves, mud, pebbles, and debris, which can lead to clogs, premature pump shut-off, or even standing water in the basement. To be safe, check it by slowly pouring a bucket of water into the sump pit. If it doesn't automatically start up, it needs maintenance.
  4. Leaks
    If there's a hidden leak in the plumbing system, water can seep into electric wiring and start a fire. Keep an eye out for discolored spots after a rainy day or unexpectedly high water bills. Then call a plumber who can diagnose the problem.

Plumbing issues can happen at any time, but fall and winter are the prime times for pipe damage. Instead of waiting until it's too late, use these tips and stay ahead of it.

Contact us today for more tips for selling your home.

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Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

September
1

Recent Home-Selling Rules You Should Break

The pandemic created a seller's dream in the real estate market, but many of the trends have changed. If you're looking to sell and get the best possible outcome, you may want to consider breaking some of the common home-selling rules you may have heard recently.

 

"Set your price as high as you want"

At the peak of the pandemic, you could easily price your home above market value and still create a bidding war. With more options becoming available in the current market, you're better off setting the right price at the start. Most markets will see at least a 10% decrease in sales price over the next year and a half.

 

"Sell as is"

Many sellers were able to get multiple offers without much-needed repairs, but post-pandemic, this isn't the case. A recent HarrisX and Realtor.com survey of 449 Americans who sold their home in the past 12 months found that sellers "are giving into buyers' requests on a number of things that might have seemed unthinkable just months ago." Buyers are looking for the home inspection contingency again and requesting repairs pre-sale. In fact, now that the inventory is increasing, you're more likely to get the best offer by also taking the time to stage your home before listing it.

"Your home will sell fast"


Pre-pandemic, the average home took anywhere from three months to a year to sell. Once COVID hit, homes sold within days of listing because of the limited amount on the market. Today, the trend is moving toward more days on market. In fact, recent statistics found the average time on the market for a home is 50 days. That's seven days more than last year, but still 18 days less than the typical time before the pandemic.

"It doesn't matter when you list your home"


During the pandemic, you'd get offers regardless of the season. Now, trends are showing a return to the more traditional selling cycle, with spring and summer getting the most sales.


Despite this gradual shift in buyer behavior, there's no denying that there's still plenty of interest. If you're looking to sell your home, partner with an agent at JJ Elek Realty. We'll help you navigate the market and get the best deal possible.

____________________________________________________________________________________________________________________________________

Ready to buy or sell? Whether you are moving across the street or across the country our agents have years of experience and are ready to help.

Call Today!! (732) 634-9100

https://www.jjelekrealty.com/

#jjelekrealty 

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