Here are 3 year-end real estate tips that’ll help you get through the winter: Inspect your roofs. Leaking or collapsing ceilings are a nightmare to deal with especially during the winter. It’s better to identify a smaller problem early before it gets worse and requires a more expensive remedy. Flush your water heaters. This is a cheap and easy procedure that is not very expensive. Flushing water heaters helps to control the buildup of mineral deposits, resulting in a more efficient heater. Service oil or gas heaters. Servicing heaters is an annual necessity. By servicing heaters regularly you will increase their useful life which will save you money in the long run. For more real estate tips and information visit […]
continue reading Q: Gerald, you said earlier that the number of homes available for sale on the market has been rising recently. How much has home availability increased and is it enough? Derek, Metuchen, NJ A: After a long period of record low housing inventory, the number of homes available for sale in NJ has increased this year by over 50%. Home inventories in Hudson County where my office is located are now about 3 months or more which is significantly higher than they were in most of the last few years. The tipping point where home prices stabilize is at about 6-7 months of home inventory supply. When home supply inventories exceed 6-7 months home prices start to drop. Higher supply […]
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