Fwd: Industry news for real estate professionals

The waiting game – floating vs. locking a mortgage rate More Than Mortgage Industry News For Real Estate Professionals This Issue: • Feature Article • Trending Now • In the News • In the Know The waiting game – floating vs. locking a mortgage rate Does it seem like everything in the world affects the financial markets and, in turn, mortgage rates? If so, it's because it's true: today, it's foreign unrest; tomorrow, it's the U.S. jobs report. Home buyers keenly feel the effects of those tumbling dominoes – but to switch metaphors, waiting for the right rate is more like watching a roulette ball bounce around a wheel: where it stops, nobody knows. And this leads to a decision that buyers continue to face: whether to float or lock their mortgage rate.   How the game is played Locking in a rate means exactly that: the buyer locks in the rate and it can no longer be affected by changes, up or down. When buyers "float" the rate, they do nothing but wait for the right moment, just before closing, to lock down their final number.   Why play the game? As with any game of chance, the player's tolerance for risk dictates how long they are willing to stay in it and "let it ride."   For a risk-averse buyer, a volatile market with daily fluctuations may be as much of an inducement to lock in a rate as a relatively stable market with modest movements. By locking in a rate today, the buyer ensures that they are not impacted by any market/rate surprises when closing approaches. It's important to recognize that locking in does come with a risk: rates could drop and the buyer could miss out on a lower number – but that risk is offset by the security of knowing that they won't get a higher rate. By the same token... > Read more   Questions? Contact Me: Eric Larsen Sr. Loan Officer Coldwell Banker Home Loans (732) 539-3911 NMLS #: 271092 Email me Visit my website Trending Now What to expect from housing in the 2nd half > Read more Home prices continue to rise, but for how long? > Read more Why you shouldn't worry when the Fed raises rates > Read more In the News Current rates (Freddie Mac) > Read more 3 big ways the crisis in Greece could affect Americans personally > Read more Kiplinger's Economic Outlooks > Read more In the Know Regrets, I've had a few – the reality of buyer's remorse When did it happen? When did excitement turn to panic, laughter to tears, and satisfaction to regret? Suddenly, you're at the "buyer's crossing" – ready to step over the tracks to a completed sale – when the bars come down, the lights start flashing and you find yourself staring down buyer's remorse that threatens to break the deal.   While you may not face full-on remorse every day, you certainly spend at least a portion of your time reassuring and calming buyers. Here's a fun fact with which to impress your friends and colleagues: buyer's remorse is a real psychological phenomenon that falls under the theory of "cognitive dissonance," first studied in the late 1950s. In a nutshell, it is a state that occurs when a person holds two ideas that are inconsistent with one another – and they will do whatever they can to alter or discard one of them to regain internal harmony.1,2   So, here you have your buyer, who, on the one hand, wants "that" house, but on the other hand doesn't want it for one or a variety of reasons. That puts the buyer squarely on your couch, Dr. Real Estate Professional, to try to help them move past their conflict.   But what can you do to help avoid having them there in the first place? According to a 2014 Redfin national survey conducted by Harris Poll, 25% of homeowners suffered from buyer's remorse after signing on the dotted line – with most of the regret linked to things like neighborhood, transportation, price and other factors.3 Here are three of the most common causes for remorse – and what you can do to help prevent them before they become deal breakers.   Curb "reflective accounting" How many of your buyers have entered into a contract only to go back over their numbers and realize that they don't stack up? When you first meet with a potential buyer, discuss, in depth, their... > Read more We'd like to hear from you! Have a topic you'd like to see covered in a future issue? Email us. Coldwell Banker® and the Coldwell Banker Logo are registered trademarks licensed to Coldwell Banker Real Estate LLC and used with permission. Equal Housing Lender.   Not all programs are available in all areas. Check with your mortgage representative for availability of program in local markets.   For real estate professional use only. Not intended to be distributed to customers. We respect your privacy – Unsubscribe or update your email preferences. This email was sent by: Mortgage Service Center 1 Mortgage Way Mount Laurel, NJ, 08054, United States

10 things to know about foreclsoure in NJ

Fwd: Christmas in July

Sunday, July 26th, Municipal Lot Boardwalk Sea Bright Recreation and Sustainable Sea Bright present Christmas in July. Please join us for a fun filled evening of events designed for the whole family: ​Mr & Mrs Santa Claus arrive at 5:00 PM     Photos with the Clauses are $10 (6-7:30 PM) * Sand Castle Contest, age groups: 1-8, 9-12 and 13 and up. Prizes for the winners. Inflatable rides Cotton Candy Machine Movie on the Beach - ELF - starts after sundown. This is a FREE event, except for photos with the Clauses   ​* Net proceeds support future Sustainable Sea Bright programs.

Rejuvenate Container Plantings

Rejuvenate Container Plantings  Container plantings often begin to look a little "peaked" by midsummer. If blossoming is getting sparse on trailing plants like petunias, cut them back to stimulate a new flush of growth and flowers. If your pot or hanging basket contains several plants, trim back any that have grown so vigorously they are over-running their neighbors. Some plants, lobelia for example, may take a break from blooming in the summer heat. Trim them back and you'll get a new flush of blossoms as the weather cools in late summer

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Repectfully,
Gloria Benaroch
Broker Associate
Coldwell Banker, Rumson NJ
Cell: 732-245-4031
My ONLINE BUISNESS CARD For ALL My Info
www.GloriaBenaroch.info

Fwd: NEWS ALERT: Which N.J. School Districts Have The Most 'Ineffective' Teachers? (Fri 11:14:25 AM)

Which N.J. School Districts Have The Most 'Ineffective' Teachers? The state Department of Education provided a list of districts with "ineffective" and "partially effective" teachers.... More By Tom Davis Read Full Article

Fwd: 45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]

45% of Homes Sold in Less Than A Month! [INFOGRAPHIC]

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45% of Homes Sold in Less Than A Month! [INFOGRAPHIC] Posted: 17 Jul 2015 04:00 AM PDT Some Highlights: The National Association of REALTORS® surveyed their members for their Confidence Index The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions. Homes sold in 60 days or less in 35 out of 50 states and Washington D.C. Only 7 states had a median sold date longer than 90 days.

It's no wonder Red Bank is known

As Red Hot Red Bank!

Tsss it’s on fire! Just under 4 months of inventory.

 

 

Oceanport Real estate is on overdrive

For the last 6 months Oceanport has been on the move towards a sellers’ market.

 

 

Sea Bright Real estate Temperature is on the RISE!

From 1 year 5  months’ worth of inventory we are now at 9.4 months a significant change for ravaged Sea Bright!

We are coming back very strong.

 

 

Supply and Demand for Long Branch NJ Properties

Long Branch’s real estate has been very active for the last 3 months which can signal a sellers’ market. Stayed tuned for next month’s numbers

 

 

Fwd: Your listing snapshot for week of July 05, 2015

Your Listing Snapshot Week of July 05, 2015 This Week: 322 Mill Pond Way, Eatontown NJ $239,900 3,365 Views 0 Followers Your Listings (7): 1,201 Avg Views View all listings Local Listings: 911 Avg Views Featured Listings: 1,209 Avg Views Feature your listings 7 Helene Court, Tinton Falls NJ 3,186 Views 15 Rozbern Drive, Eatontown NJ 3,179 Views 8 South Terrace, Tinton Falls NJ 2,828 Views 935 Sycamore Avenue, Tinton Falls NJ 2,800 Views

Fwd: This Weekend at the Jersey Shore from ShoreFoodie.com

Food, Drink and Fun This Weekend Visit ShoreFoodie.com for Details in the "Find a Promotion" Section   THIS WEEKEND Thursday FOOD * Gourmet take-out at Joe Leone's -  Grilled Chicken Athena, Grilled    Chicken w/ Tomato, Fava Beans & Basil, BBQ Baby Back Ribs, Veal    Piccata and more *Early Bird dinners and three courses for $35.99 at Prime 13. *Prix Fixe at $32.00 at Blend on Main *Lunch and Early Bird at Crab's Claw *Bar and Dinner Specials at Crab's Claw *15% off at Prohibition *Build Your Own Pizza at McGillicuddy's *"Lobster Louie" at David Burke Fromagerie. *Midweek Tapas at Brandl. Tues - Thurs. Choice of 3 tapas -$25 *Prix Fixe $25, 4 courses at Simko's Grill  *1/2 lb. Alaskan King Crab legs $11 at Scarborough Fair *Blue Plate Special at Bar A. $4.95.  Grilled or BBQ Pork Chop w/   mashed Potatoes, Gravy & Fresh Steamed Vegetables. *Nonno's Prix fixe. 4-6pm. $25 *Kids eat free. Jersey Shore BBQ *2 for 1 Burgers. Reef & Barrell. * Weekly Special. Doolan's Shore Club. $25.95. 3 course plus a    glass of wine or beer. Tonight: Rack of Lamb  DRINK *Happy Hour at La Dolce Vita, Cross & Orange, The Mill, Buona   Sera, 709, McGillicuddys, Prohibition, Crab's Claw and David   Burke Fromagerie, Simko's Grill *½ price Martinis at Salt Creek Grille *25% off all bottled wines at McGillicuddy's *Guys Night Out at Rella's *Bar A - 5:30pm Matty V Solo Happy Hour. 8:30pm Throwback   Thursdays with DJ Billy Reybert Outside. 9:01pm $2.75 Bud and Bud   Lights & $3.50 Heiny Lights all night. *Irish Rail -  $2.50 Bud, Bud Light, Miller Lite Draft. $5.00 Well Drinks   and House Wines. ALSO $2.75  Domestic Drafts. $5.00 Pick A Pint -   Craft and Imports. $6.00 Select Apps. $8.00 Specialty Burgers *Sip, Savor and Share at Remington's. $6 wines, cocktails and small   plates *$5 Martini/Manhattans Half price appetizers Monday thru Thursday   after 8pm at Fratello's FUN *Ladies Night at Rella's, 709 and Buona Sera *Guys Night Out at Rella's * Bar A 5:30 p. Matty V Solo Happy Hour. 8:30pm. Throwback    Thursdays with DJ Billy Reybert outside! 10:30pm Bacardi Ardi. Drive    in Movie Night. Iron Man 2. 9:01pm *LIVE MUSIC at:   Fratello's - Rockin Randy   Harpoon Willy's - Turnpike Mike   Crab's Claw Inn - St. Patrick's Party. Bagpipes! 9pm   Remington's - Harry, Billy and Brian   Langosta Lounge - Sumptin' Good    Guinco's Market at Waypoint 622. 6pm  Friday FOOD * Gourmet take-out at Joe Leone's Italian Specialties - Chicken    Francese, Roasted Half Chicken w/ Sundried Tomato Pesto, Carolina    BBQ, Pork Tenderloin Skewers, New York Strip Steak, Tuna w/ Mango    Salsa and more *Early Bird dinners and three courses for $34.99 at Prime 13  *Lunch and Early Bird at Crab's Claw *Bar and Dinner Specials at Crab's Claw *15% off at Prohibition *Fresh Catch Fridays at Brandl *2 for 1 Fish & Chips at The Irish Rail  *Blue Plate Special at Bar A. $4.95. Broiled or Fried Fish & Chip Platter   w/ Lemons & tartar Sauce *Nonno's Prix fixe. 4-6pm. $25 * Weekly Special. Doolan's Shore Club. $25.95. 3 course plus a    glass of wine or beer. Tonight: Mini Surf & Turf. DRINK *Happy Hour at Crab's Claw and La Dolce Vita * 4:00pm Grab Your Buds Happy Hour $2.25 Pints. DJ Kirk Lopez, Free    buffet. 9:00pm $2.75 Bud and Bud Lights til Midnight. Bar A *The Irish Rail. Weekend Warmup. 4pm - 6pm. $5.00 Specialty   Martinis. $2.50 Domestic Drafts *Sip, Savor and Share at Remington's. $6 wines, cocktails and small   plates FUN *LIVE MUSIC at 709 - July not posted as yet. Call for entertainment. 732-295-0709 Crab's Claw - Slow Kids at Play Harpoon Willy's - Marc Muller Fratello's-  Nicole & Denise McGillicuddy's - July not posted as yet. Call for entertainment 732-531-5555 Bar A -5:00pm. Stan Steele. 8:00pm. DJ Mike Nice. 9:00pm DJ Kirk Lopez on Grotto Beach. 10:00pm Amish Outlaws. McGillicuddy's - Live acoustic music - 7pm Prohibition - July not posted as yet. Call for entertainment 732-455-3808 Langosta Lounge -10:00pm. We Used to Cut the Grass Arkestra Waypoint 622 - Enjoy. 6pm Reef & Barrell. July not posted as yet. Call for entertainment. 732-449-4114.     Saturday FOOD *Gourmet Take-Out Joe Leone's Italian Specialties- Chicken Skewers,   Buttermilk Fried Chicken, Veal Rossini, Pan Fried Joe Leone's Meatball   Burgers, Flounder Francese, Shrimp & Scallop Scampi over Fusilli and   more *Early Bird dinners and three courses for $34.99 at Prime 13 *Lunch and Early Bird at Crab's Claw *Bar and Dinner Specials at Crab's Claw *15% off at Prohibition *Pop's Breakfast on the Boards *Nonno's Prix fixe. 4-6pm. $25 *Brunch. Reef & Barrell. 11-3pm. DRINK *Happy Hour at Crab's Claw *Bar A - 8:00pm Dance party with DJ Mike Nice. 9:00pm Famous Shot   Wheel. 9:00pm $2.75 Miller Lites all night. *Sip, Savor and Share at Remington's. $6 wines, cocktails and small   plates. FUN  *LIVE MUSIC at: Bar Anticipation - 9:00pm DJ Billy Reybert on Grotto Beach. 10:00pm DJ Nicky Sibilia in the Dance Room. 10:30pm Barardi Ardi. 11:00pm DJ Vito G. Crab's Claw - The Neighbors. 9:30pm Harpoon Willy's - Stan Steele. 709 - July not posted as yet. Call for entertainment. 732-295-0709 McGillicuddy's - Live acoustic music - 7pm DJ Chris - 10pm - Reef & Barrel Prohibition - July not posted as yet. Call for entertainment 732-455-3808 Irish Rail - July not posted as yet. Call for entertainment 732-223-9300 Langosta Lounge -10:00pm. Billy Hector's Electric Explosion Waypoint 622 - Jy & Rob 1pm. Green Underground 6pm.    Dinner and Dancing at The Mill. Billy Lawlor Band with Deb Lyons on vocals.     Sunday FOOD Breakfast and Brunch *Breakfast at The Irish Rail *Champagne Brunch at Salt Creek Grille *A La Carte Brunch at Prohibition *Buffet breakfast at Simko's Grill *Cross & Orange A La Carte Sunday Brunch *Sunday Brunch at McGillicuddy's - Features Steak and Eggs, Build   Your Own Omellete, Breakfast Pizzas, Corned Beef Hash and More. $5   Bloody Marys, Screwdrivers and Mimosa Doubles! *Bar A. Special Brunch Menu 11a til 1p, Complimentary Mimosa   w/ Brunch Platter Seafood Sunday Menu 2p til 10p *A la carte brunch at Blend on Main   *Pop's Breakfast on the Boards *Sunday brunch at Langosta Lounge  *Gourmet take-out at Joe Leone's- Chicken Carpinello, Bone-in BBQ   Chicken, Dry Rubbed St. Louis Spare Ribs, Grilled London Broil w/   Chimichurri, Poached Salmon w/ Tzatziki, Swordfish w/ Roasted   Tomato & Olive Relish and more *Early Bird dinners and three courses for $35.99 at Prime 13. *Lunch and Early Bird at Crab's Claw *Bar and Dinner Specials at Crab's Claw *15% off at Prohibition *Surf & Turf Sunday's at Brandl's. Lazy Lobster and Braised short ribs. *All You Can Eat Turkey Roast Night $17.95 at Four Winds *At Scarborough Fair. Surf & Turf. Tender Angus steak with choice of  Chesapeake Crab Cake, Shrimp Scampi or Alaskan King Crab. $30.  30% off wines under $50 or bring your own and no corkage.  *Nonno's Prix fixe. 4-6pm. $25 * Weekly Special. Doolan's Shore Club. $25.95. 3 course plus a    glass of wine or beer. Tonight: Filet Mignon      DRINK *Happy Hour at Crab's Claw and La Dolce Vita  *Bar A - $2.50 Lite Draft Pints, $6.50 Lite Pitchers and $2.75 Lite   Bottles FUN  *Bar A - 11:00am WETT! on Grotto Beach with DJ G-Kat, DJ Fun Size,   DJ Billy Reybert and Special Guests. 2:00pm Key West Corona happy   Hour. 3:00pm The Dub Assassins. 7:00pm Eddie Testa Band and   Special Guests. *Waypoint 622. Tropical Impulse. 1pm. Counterfeiters. 6pm *Sunday matinee music. Reef & Barrell. *Matty D 2-6pm. Matt Noffsinger. 9:30pm. Crab's Claw Inn *Langosta Lounge. Deal Casino. 7pm  709 - Point Pleasant Beach Bar Anticipation - Lake Como Brandl - Belmar Blend on Main - Manasquan Buona Sera, Red Bank Crab's Claw Inn - Lavalette Cross & Orange - Asbury Park David Burke Fromagerie - Rumson Doolan's Shore Club, Spring Lake Heights Four Winds - Manasquan Harpoon Willy's - Manasquan Joe Leone's - Point Pleasant La Dolce Vita - Belmar Langosta Lounge, Asbury Park La Terrazza Cucina Rustica & Bar - Belmar McGillicuddy's - Loch Arbor Prime 13 - Point Pleasant Prohibition - Asbury Park Pop's Garage, Asbury Park Reef & Barrel - Manasquan Rella's - Brielle Remington's, Manasquan Salt Creek Grille - Rumson Scarborough Fair - Sea Girt Simko's Grill, Brielle The Irish Rail, Manasquan The Mill - Spring Lake Heights Waypoint 622 - Brielle