Matthew Haviland's Atlantic City NJ Area Real Estate Blog

Real Estate Agent - Keller Williams Realty Atlantic Shore
Real Estate News, Statistics and Insight on Atlantic City and and Atlantic County New Jersey. Written by Matthew Haviland, The Haviland Group At Keller Williams Realty Atlantic Shore.
Here's a real story of one of our clients who purchased a home at the end of last month.  To protect her privacy I'll call her Julie.  Julie and her husband had been renting for years.  They knew that there was an opportunity right now to buy a home and they contacted us.  We connected them a gre...
For investors thinking about buying a property and selling quickly afterward please be aware that the official FHA rule is to wait 90 days from the date of sale. (no exceptions) Unless the FHA buyer is purchasing a property that is a foreclosure, short sale, or REO. For many home buyers now FHA f...
In light of the recent stock market drastic changes I wonder why more people aren't investing in real estate.  Did you know that you can move money from your investment plan into a self directed investment plan and use that to buy real estate?  The benefit of investing in real estate versus stock...
If you are thinking about buing a condo and would like to use FHA financing or many of the first time home buyer grant programs the condo needs to be FHA approved.  Also, If you are using the Atlantic County first time home buyer grant program for down pament and closing costs you will need to pu...
After much anticipation our new 5,000 square foot office is officially open!  Our new office is open at 200 Tilton Road Suite 5 in Northfield NJ. This is in Kensington Square formerly Kensington furniture. We're excited about this new location which is centrally located in Atlantic County to allo...
If you purchase a home on or after April 9, 2008 and before July 1, 2009 as a first time home buyer you may get a tax credit of up to $7,500.  Single tax payers with an income of up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.  How the tax credit wor...
I just found out yesterday that grant money is now available.  For more information on the program please visit my previous post: For the last few months the county has been turning potential buyers away.  But now funds are avai...
As a real estate professional, I often get asked "How's the market?" I've been struggling with what to say for the last two years.  I could be optimistic and say that it is great.  But for many people it is not a great market.  There are people who can't afford their homes and are forced to do a ...
I got this graph from Zillow and it shows an interesting picture of the percentage of homes sold for a loss since 2001.  AS you can see the percentage sold at a loss has increased greatly since 2007 and is at it's highest percentage in 2008.  Many home owners who bought in the last few years have...
Here is another great graph that I got from Zillow giving an overall picture of our market.  The blue line shows a change in home values.  The light green bar shows positive median owner equity.  And the small dark green bar shows the median down payment.  The positive thing to me is that many pe...

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