Dianne's Blog

Good news - Yesterday the Senate approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring. The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for...

 The credit of up to $8,000 for first-time buyers, originally due to expire Nov. 30, has been extended into 2010. This is money that never has to be repaid, provided you live in the home for three years.Homebuyers who owned and lived in their principal residence for five consecutive years of the ...

Long Hill Township is FINALLY starting to see the Real Estate market start to move. We have witnessed the surrounding towns' inventory continue to move over the past few months while Long Hill appeared to remain stagnant.  There are currently 58 active listings in Long Hill and we have 8 homes un...

THE BASICS  A SHORT SALE: Banks grant short sales for 2 reasons: the seller has a hardship, and the seller owes more on the mortgage than the home is worth. A few examples of hardship are: Unemployment/Reduced Income Divorce Medical Emergency Job transfer out of town Bankruptcy Death If this is t...

Dianne | RE/MAX Classic Group | 908-432-5721 211 Hickory Tavern Road, Gillette, NJ Classic circa 1870's home in the heart of historic downtown Meyersville. Close to restaurants, shops & Rts 24 & 78. 3BR/1+1BA Single Family House offered at $350,000 Year Built 1800 Sq Footage Unspecified Bedrooms...

Dianne | RE/MAX Classic Group | 908-432-5721 211 Hickory Tavern Road, Gillette, NJ Classic circa 1870's home in the heart of historic downtown Meyersville. Close to restaurants, shops & Rts 24 & 78. 3BR/1+1BA Single Family House offered at $350,000 Year Built 1800 Sq Footage Unspecified Bedrooms...

Facts about the Home Seller  Tax Breaks: Almost everybody has heard about the $7500 tax credit for first-time home buyers, but what about tax breaks for home sellers? Home sellers enjoy a tremendous tax benefit upon resale. Internal Revenue Code Section 121 authorizes an "exclusion" - escape from...

LONG HILL TOWNSHIP HOMES 2008  86 Homes sold Average sales price - $539,647   2009  56 Homes sold  Average sales price - $498,513   Long Hill Township saw a 7.6% decline in average sales price from 2008 to 2009. We have definitely seen a "slow down" in the Long Hill market over the past 6 months....

Facts about the Homebuyer Tax Credit: You must have a signed purchase agreement for your home no later than April 30, 2010, and the transaction must close before July 1. First-time buyers receive a credit of 10 percent of the purchase price, up to $8,000. You are considered a first-time buyer if ...

LONG HILL TOWNSHIP MARKET UPDATE October 2009  New listings - 7 Under Contract - 4 Closed Sales - 7    FIRST TIME HOME BUYER TAX CREDIT: The first time buyers tax credit has been EXTENDED and EXPANDED! Apparently through April 30, 2010 with a 60 day extension for contracts written by that date to...