Buying Manhattan Real Estate – A Special Presentation from Shannon Aronson

Are you or someone you know THINKING OF MOVING TO MANHATTAN?


SHANNON ARONSON hosts a special presentation on

BUYING MANHATTAN REAL ESTATE

Purchasing a Home in New York City

with special guest presenter, top NYC agent, Julia Hoagland

February 7 from 7:30pm to 9pm at Common Lot

Join Shannon and Julia for a delightful and informative evening at Millburn’s in-demand new restaurant, Common Lot.

The prospect of moving to New York City is exciting but the process of buying a home there is complex. Make yourself an expert before you get started in your search.  Julia Hoagland is one of the Top Real Estate Agents in NYC.  Join us to learn about the buying process, the values of different neighborhoods, nuances of condos, co-ops and how to get started.

Complimentary appetizers and drinks will be served.

Seating is Limited. RSVP a MUST. Follow this link:

https://www.eventbrite.com/e/buying-manhattan-real-estate-purchasing-a-home-in-new-york-city-tickets-31683080948

 


NYC Neighborhoods

Am I Realistic About My Home Search

 

Are you asking yourself, “Am I realistic about my home search”? If so, today I’d like to talk about what to do when you’re so frustrated with house hunting that you’d like to give up.  Typically, there’s one problem going on when people are very frustrated with house hunting and it’s understanding if their expectations are realistic.  The first thing I would suggest you do if you find yourself in this situation is look back at the houses that sold in your price range during the last 12 months.  There should be about 25-35% of those houses that you think you would buy if they were on the market today.  Otherwise, that might signal that you’re not really being realistic about how much house you can get for your money.

The second thing I would suggest you do if you are questioning, “Am I realistic about my home search”, and this is very important, is understand the average list price to sell price ratio in your area.  That means you need to take a look back at the last year and understand what percentage of their listing price most sellers were getting for their home. I can tell you along the Midtown Direct train line, where I help most people buy and sell homes, that number is pretty tight, usually between 97-99% of the listing price.  So, it doesn’t often help to think you’re going to find something for 80% of the listing price.

Lastly, I would tell you, give your Realtor permission to answer this question, “Am I being realistic about my home search and how much house I can get for my money?”  Now, if after doing that, you find that maybe you’re not so realistic about how much house you can get for your money, then I would suggest you just take a good hard look at your finances, perhaps consult a financial professional or a mortgage representative, and understand if there’s any flexibility you have in potentially raising your price range a little bit.

Myself, and anyone on my team, would be happy to help you find a home.  Please feel free to contact us. We can be reached by phone at 973-637-0004 or by email at Shannon@ShannonAronson.com. For great real estate information, please don’t forget to visit my website at www.NJRealEstateDirect.com.

Charming Colonial in Short Hills


$1,390,000, 8Bd/3.5Ba Single Family House, 3248 sqft.


Shannon Aronson | Keller Williams Premier Properties | 973-214-0691shannon@shannonaronson.com |
30 Jefferson Ave, Short Hills, NJ 07078
Diamond in the rough.
8Bd/3.5Ba Single Family House
$1,390,000
Year Built 1900
Sq Footage 3248 sqft.
Bedrooms 8 Beds
Bathrooms 3.5 Baths
Lot Size 0.61 Acres

DESCRIPTION

A diamond in the rough Colonial on one of Short Hills' most desired streets.
Short Hills
see additional photos below
Unit Features

- Living room - Dining room - Master bath
- Family room - Basement - Range / Oven
- Refrigerator - Yard - Fireplace

ADDITIONAL PHOTOS

Contact info:
Shannon Aronson
Keller Williams Premier Properties
973-214-0691
shannon@shannonaronson.com
For sale by Agent/Broker

Posted: Nov 25, 2015, 9:53am EST

Millburn, Robert DeNiro and the Paper Mill Playhouse

As we approach the upcoming holiday season, many of us focus on the wonderful things for which we are grateful. As a resident of Millburn/Short Hills, NJ,I can tell you there are many wonderful things I love and cherish about living in this area. In addition to our top-tier school system, short NYC commutes, and wonderful restaurants, we also have world-class theater productions at the local Paper Mill Playhouse.

The Paper Mill Playhouse in Millburn is one of the country’s premier not-for-profit theaters. The quality of the productions at the Paper Mill Playhouse will delight even the most discerning theater buffs. The 2015-2016 schedule is full of some absolute gems including a Robert DeNiro directed production of “A Bronx Tale.”

Please check out this interesting article and the 2015-2016 schedule of shows.

http://www.nj.com/entertainment/index.ssf/2015/02/paper_mill_playhouse_announces_2015-16_season_–_w.html

I look forward to connecting and have a wonderful Holiday Season.

Warm regards,

Shannon

Today’s Low Mortgage Interest Rates Won’t Last Forever!

Today's low interest ratesDid you realize that a 1% increase in interest rates would mean an extra 10% increase in your monthly mortgage payment? Take advantage of today’s low mortgage interest rates before they increase!

If you or anyone you know would like to take advantage of today’s low mortgage interest rates to buy, invest, or trade up, please contact me. You can reach me by phone at 973-214-0691 or via email at Shannon@ShannonAronson.com. Click here to search homes for sale and take advantage of today’s low mortgage interest rates! Have real estate questions? Please visit my website for additional real estate information!

5 Highland Blvd. West Orange NJ

Calling all investors and builders! The Shannon Aronson Team is happy to share with you our newest listing . . . the perfect opportunity for you . . . 5 Highland Blvd. West Orange NJ. This property is being sold “as is”, and is offered for sale at $250,000.

5 Highland Blvd. West Orange NJ is a Fabulous Opportunity!

This single family home offers 3 bedrooms, 1 full, and 1 half bath. It is situated on a flat .26 acre lot, and is located in a wonderful Saint Cloud neighborhood, within walking distance to school!

I would love the opportunity to show you 5 Highland Blvd. West Orange NJ or any of the fabulous properties for sale in West Orange, NJ. Please contact me to arrange a showing. You can reach me by phone at 973-214-0691 or via email at Shannon@ShannonAronson.com. For additional real estate information, please remember to visit my website at www.NJRealEstateDirect.com.

20 Walnut Street Summit NJ New Investment Property

Front

Front view of 20 Walnut St Summit NJ

The Shannon Aronson Real Estate Team just listed a great new investment property located at 20 Walnut Street Summit NJ. This is a great Summit NJ rental property with excellent income. The property is close to downtown Summit, NYC trains, and is a side by side Duplex.

For more information on this investment property contact the Shannon Aronson Real Estate Team at 973-214-0691 or visit our website www.NJRealEstateDirect.com

31-33 Morris Ave Summit NJ New Investment Property for sale

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Front view of the investment property for sale located at 31-33 Morris Ave Summit NJ

The Shannon Aronson Real Estate Team just listed 31-33 Morris Ave Summit NJ. This is a great investment property to own in Summit. This large two family duplex was recently renovated, is move in condition, with large rooms, and a finished basement. This investment property is close to downtown Summit, NYC trains, and major highways. You don’t want to miss this opportunity for this investment property!

For more information on this investment property or others alike, contact the Shannon Aronson Real Estate Team at 973-214-0691 or visit our website www.NJRealEstateDirect.com

44-46 Kent Place Blvd Summit NJ Investment Property

Front

Front view of the investment property located at 44-46 Kent Place Blvd Summit NJ

The Shannon Aronson Real Estate Team just listed a new investment property located at 44-46 Kent Place Blvd Summit NJ. This great rental income Summit property is in prime location to downtown Summit, New York City trains, great schools, and major highways. This Summit investment property has two spacious units with a walk up attic.

If you are interested in more information regarding investment properties in Summit or the surrounding areas, contact the Shannon Aronson Real Estate Team at 973-214-0691 or visit our website www.NJRealEstateDirect.com

What’s a Real Estate “Short Sale” and Why Should I Buy One?

The best way to explain a short sale is with an example:

Assume a homeowner has an unpaid loan mortgage balance of $200,000, but the property will sell for only $175,000. The lender holding the mortgage agrees to sell the house for the $175,000 amount, which, of course, leaves it “short” of the full amount of $200,000. Thus, the name “short sale!”

Obviously, lenders don’t like short sales since they’re not in business to lose money. But such situations do occur for various reasons often related to “hardship” situations. Examples include:

• Permanent injuries
• Financial insolvency
• Job layoffs, etc.

This is a sad situation for the homeowner, but it does offer an opportunity for you to pick up a bargain. However, there are several potential downsides you should be aware of before you make an offer.

Pitfall 1: Allow time for the lender’s decision.
Once your offer is accepted by the seller, the contract will be sent to the seller’s lender for approval. This process can take anywhere from 2 to 12 months, and there’s oftentimes no way to know beforehand exactly how long the lender will take.

Pitfall 2: The lender is under no obligation to accept the short sale.
Often times, lenders will come back with a counter of a higher price, or will sometimes reject the offer outright. There is no way to know beforehand exactly what the lender is thinking. This risk can be reduced by pre-qualifying the seller and making sure he or she has a genuine hardship, and by making sure you offer close to market value.

Pitfall 3: The seller must be committed to the process.
A great deal of paperwork and commitment will be required of the seller. There have been cases where the seller does not complete everything that is necessary and causes the lender to reject the deal. Additionally, there have been cases where the seller backs out to declare bankruptcy. Make sure the seller is committed to the process before you begin!

Summary

You can pick up great bargains in the short sale market, but you have to be very knowledgeable and very patient! And, as mentioned earlier, there are risks and often times you will face disappointment. Hiring a professional realtor who has experience with the ins and outs of short sales can help reduce these risks.

If you would like to contact me to talk more about the short sale process, you can reach me by phone at 973-214-0691 or via email at Shannon@ShannonAronson.com. I look forward to speaking with you about short sales or about any real estate questions you may have!