Chatham New Jersey Real Estate Market 2017!

Looking to move?…Seeking a new Home?

Why is Chatham so desirable…. Some reasons are:

Always in the top best places to live in the US is Chatham NJ.

It is the best of both worlds…. beautiful natural landscapes and parks. Great community services and shopping.

The Schools are top rated… Chatham always has so much to offer!

 

 

The 07928 zip code in Chatham, a Morris County borough, is a premium place to live, with a median list price of $1,417,500 that has increased 30 percent in the past year. Unlike many of the increasing zip codes popular to live in, the housing inventory here has increased in the past year — by 5 percent — and prices have grown as well!!!

Call for your free market evaluation!

www.BobsHomes.net

How INaccurate is your Zestimate?

BobsHomes Property Estimate Request Form

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I will contact you within 1 business day.
Also please note, I take your privacy VERY seriously!

One of the most popular websites in real estate is undoubtedly Zillow. But did you know that their home value “Zestimates” are often WAY off?

In fact, the CEO of Zillow just sold his own home in Seattle for 40% LESS than the Zestimate!

Per Inman News, “On February 29th, Spencer Rascoff sold a Seattle home for $1.05 million, 40 percent less than the Zestimate of $1.75 million shown on its property page a day later.”

Zillow actually has a disclaimer on their website where you can see exactly how INACCURATE they are. They just make it hard to find.

As a real estate agent I actually have access to a tool that can accurately show someone how much their home is worth. I normally only use it when someone is selling their home soon, but after seeing how inaccurate Zillow is I am now offering to provide this service to ANYONE who is curious.

If you contact me using the form on this page by adding your home’s address (or the address of a home you are curious about the value of), I would be happy to send you a “BobsHomes Estimate” today 🙂

Refinancing Your Home? Things You Might Not Think of ….

Are you planning to refinance your home? If you’re interested in lowering your mortgage payments, decreasing your interest rate or more, chances are you’ve probably thought about whether or not you should refi your mortgage. Refinancing Your Home

When you’re ready to learn more about preparing for a new mortgage, here are six things you might not think of when refinancing your home.

  1. You’ll have to get an appraisal. You’ll have to get an appraisal when refinancing your home, so keep your house’s value and your savings in mind when determining whether or not you should pursue smaller monthly mortgage payments or a lower interest rate.
  2. You’ll need to pay closing costs. You’ll need to pay closing costs a second time when refinancing your home, so make sure you have an adequate amount of money saved to pay these upfront fees and any other costs associated with a mortgage refi.
  3. You’ll have to think about the interest rate. Are rates higher than they were when you first financed? Are they lower? Even a small difference can mean a lot of money over time. Take into account the full picture: the number of months you’ll be paying the new mortgage and the rate you’ll be paying compared with your current timeline and rate.
  4. You’ll need to get your credit checked. The bank is going to want to check your credit score when you’re refinancing your home, so keep in mind that you won’t be able to negotiate a better deal if your credit score is lower than it was when you were first approved for a mortgage.
  5. You’ll have to go through the same process. To a certain extent, it’s like buying a house all over again, so think back to when you bought your house and make up your mind about whether or not you can dedicate enough time to the effort.
  6. You’ll need to live in your house a long time. Refinancing may not be worth it if you’re planning to move in the near future. Figure out how long you plan to live in your current place and how much your closing costs will be before making the refi decision.

These six things you might not think of when refinancing your home are important to take into account before you start shopping around for a new mortgage. Because a refi can lead to a number of benefits and costs down the road depending on the outcome, you’ll need to prepare for every scenario before making a commitment.

We’re here to help, so if you think refinancing might be right for you, we can help you decide what your next steps should be.

– To view the entire BobsHomes July Newsletter, click here.