Are your taxes to high! Are you looking to file for a tax appeal? Need help with the comparable sales for last year?
March 1, 2010
Prices have come down in the last few years. Your tax assesment on your home is higher than your home is worth? It might be time to file a tax appeal. Need help with the comparable sales for your area. Call or email Peter Petridis Team direct at 609-377-4023 or email at petepetridis@southjerseyshorehome.com, a free service provided to you by Prudential Fox and Roach Realtors.
Send us your information, your name, phone number and address you are trying to appeal and we will try to assist you with the process. We can provide you with a Guide to Tax Appeal Hearings.
We also have a licensed appraiser we can refer you to if you prefer to use a professional to help you with the process. We can even refer you to a lawyer to assist you with the entire process.
Hot Sheet Listings for Atlantic City NJ -Searching for New Listings, or Price change of existings listings follow this link to check for listings every day.
October 31, 2009
Hot Sheet Listings for Atlantic City NJ 08401 - Follow this link to see new listings that come on the market in Atlantic City and Listings that had a Price increase or Decrease. Save this link to your favorites to see any new acitvity for Atlantic City Real Estate on a daily basis. Enjoy this new feature and let us know if you have any questions.
http://www.southjerseyshorehome.com/Atlantic-City-Hot-Sheet-Listings
Please contact The Petridis Team at Prudential Fox and Roach Reatltors direct at 609-377-4023.
Search for Prudential Fox and Roach Listings at the South Jersey Shore
October 31, 2009
We had another request to show you the link to search for all the Prudential Fox and Roach Listings at the South Jersey Shore. Follow the link below to see over 1900 listings.
http://www.southjerseyshorehome.com/Prudential-Listings
Please call The Petridis Team at 609-377-4023 to see any of these homes. We are also available and ready to answer any of your questions.
Mortgage Rates, where are they headed and what is in store for us for the next few months
September 25, 2009
Report from our mortgage consultant, Mike Loglisci on the current mortgage market:
Existing Home Sales were reported at 5.10 million, less than expectations of 5.35 million and the first decline in five months. However, there was some good news in the report, as inventories of unsold homes fell to an 8.5 month level…the lowest inventory level seen since April 2007.
As expected, the Fed did not touch interest rates, but the statement was a market mover. The Fed said they are going to draw out the remaining commitment of Mortgage Backed Security purchases through the first quarter of 2010. There will be no additional buying, but instead, a longer weaning off of the program. This tells us a few things – there was some speculation about the Fed increasing the amount of buying above the $1.25T committed to, and yesterday’s statement is a nice way of the Fed saying “no.” They will not be buying more, but what they will do is attempt to provide a smoother transition to normal market conditions. It is a given that once the Fed ceases its purchases, that interest rates will climb significantly higher…most likely back above the 6% area. So instead of a hard transition with a large bump in rates, the Fed is attempting to allow rates to gradually rise.
So what does this mean for rates in the short term, and why did the Bond market rally on this news? The rally was more than likely due to the headlines from the media which said that the program was “extended”. The markets reacted positively by thinking that the program would stay in place as is for three more months, which would have included more Fed buying. But the gradual reduction in purchases has to bring us to higher rates. The Fed has been buying about $25B per week, but the new plan to drag out these purchases over a longer period of time, means that they will be reducing both the frequency we and amounts of their purchases. This will cause higher levels of volatility, as the Fed will be purchasing less often and less consistently. So will see a gradual rise in rates over time…and we must be sure that this message gets out to our clients and referral partners. While we won’t be seeing a sudden jerk higher in rates when the Fed buying program comes to an end, it is clear that rates are now going to be on a gradual rise…and waiting to purchase or refinance will mean a higher interest rate.
In this morning’s economic news, Initial Jobless Claims fell by 21,000 in the latest week to 530,000, which was below expectations of 550,000. While this was a better than expected read, it’s still not exactly good news regarding the overall employment situation. Think about it…530,000 more people applying for unemployment benefits for the very first time really isn’t something to get too excited about. Bonds worsened initially on the headline, but have since moved back to positive territory.
If you are looking for a mortgage, please call Mike Loglisci at cell 609-338-9001. Let The Petridis Team help you with find your next home here in Atlantic County.
Think Pink - A Race for a Cure at the Foundation Room, Atlantic City NJ - AUgust 28, 2009
August 27, 2009
THINK PINK - THE FOUNDATION ROOM is proud to present “Race for a Cure” Friday, August 28, 2009 at 6-9pm.
Come paint the town pink as we make strides against Breast Cancer at the Foundation Room! RSVP requested 609-343-5795. Donation is $10.
With a $10 Donation to Team Marys Angels receive: Fabulous giveaways and complimentary frozen pink lemonade!
Come and support this great cause at the Foundation Room located in the Showboat in Atlantic City NJ 08401.
Weekly Mortgage Rate Sheet for Trident Mortgage…
July 21, 2009
TRIDENT MORTGAGE COMPANY
WEEKLY RATE SHEET
Michael Loglisci
Trident Mortgage Consultants
Brigantine Office
Phone: (609) 264-7232
Cell: (609) 338-9001
Michael.Loglisci@prufoxroach.com
July 21, 2009
Loan Amounts to $417,000* 1pt 0 Points
30 Year Fixed 5.000% 5.375%
15 Year Fixed 4.500% 4.750%
30 Year FHA 5.125% 5.375%
1pt 0 Points
3/1 ARM 3.750% 4.000%
5/1 ARM 4.000% 4.250%
Loan Amts $417,000 to $1M 1pt 0 Points
30 Year Fixed 6.000% 6.250%
15 Year Fixed 5.250% 5.500%
3/1 ARM 4.500% 4.750%
5/1 ARM 4.500% 4.750%
The programs and rates listed above are just a few of the loan programs
available thru Trident Mortgage.
Trident Mortgage has loan programs to suit all of your clients needs.
*Interest rates are subject to change without notice. Rates may vary based on borrowers qualifications.
**Rates do not apply to loans already locked.
Please call the Petridis Team to help you with your real estate purchase. Direct line for Peter Petridis from Prudential Fox and Roach Realtors is 609-377-4023. We are available to show you all the homes in the area. If you are looking for a primary home or a second home at the shore this is the time to purchase your next home.
Market Conditions and Statistics for Atlantic City NJ - June 08 to June 09
July 11, 2009
Atlantic City
|
|
June 08 |
June 09 |
Units Change |
Percent Change |
|
Sale |
1,044 |
1,093 |
49 |
4.7% |
|
Under Contract |
21 |
28 |
7 |
33% |
|
Sold |
20 |
18 |
-2 |
-10% |
|
Absorption/months |
46 |
35 |
-11 |
-23% |
Statistics
Atlantic City NJ 08401
-Unit Sales for June 2008 was 1,044 compared to 1,093 in June 2009, an incr. of 49 units
-Units UCT June 2008 was 21 compared to 28 in June 2009, a decrease of 7 units
-Units Sold June 2008 was 20 compared to 18 in June 2009, a decrease of 2 units
-Absorption June 2008 was 46 compared to 35 in June 2009, decrease of 11 months
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
HAPPY 4th of JULY - It’s time to declare your independence from your landlord!
July 4, 2009
Happy 4th of July
With today’s interest rates and great first-time buyer programs, there’s no point in throwing money away on rent.
I can help you find the perfect home. We’re are your “First Time Buyer” experts!
Call us today at 609-377-4023 or visit our website at www.southjerseyshorehome.com. To search the MLS for a home in your area please follow the link below: http://www.southjerseyshorehome.com/SearchLocalMLSListings
Search the MLS - Multiple Listing Service for your next home
June 23, 2009
Please use the zip codes below to search for a home here at the South Jersey Shore area and the mainland areas listed below. Go to our the link below to search the MLS – Multiple Listing Service to find your perfect home:
http://www.southjerseyshorehome.com/SearchLocalMLSListings
Shore Points:
Atlantic City 08401
Brigantine 08203
Ventnor 08406
Margate 08402
Longport 08403
Ocean City 08226
Mainland Areas:
Absecon 08201
Galloway 08205
EHT 08234
Northfield 08225
Linwood 08221
If you are planning a trip to the South Jersey Shore Area and want to map your trip to the shore please use the zip codes and names
of the towns above for your map search.
Peter and Beverly Petridis from Prudential Fox and Roach Realtors can help you with your search to find your next home. Please call them at 609-377-4023 if you need help.
Atlantic City Statistics May 2008 to May 2009
June 15, 2009
Statistics
Atlantic City NJ 08401
-Units for Sale May 2008 was 990 compared to 1079 in May 2009, an incr. of 89 units
-Units UCT May 2008 was 19 compared to 28 in May 2009, an increase of 9 units
-Units Sold May 2008 was 19 compared to 27 in May 2009, a decrease of 8 units
-Absorption May 2008 was 46 compared to 35 in May 2009, decrease of 11 months
Absorption rate is a calculation of how long it will take for all the homes on the market to be sold, or absorbed, at the current rate of sales. Above is a one year comparison of the number of months of inventory on hand.
See this Brigantine Home Listing
To search for a property for sale in the area click here: Search Local MLS Listings
Let's get together and talk about your >South Jersey experience. If you are a buyer, we can help you find the perfect home or condo for you in the South Jersey Shore Home area. If you are selling a home we can simplify the process for you. We can prepare a Comparative Market Analysis - CMA for your home and let you know what your home actual home value is in this market. Call Peter or Beverly Petridis at the office 609-264-7304, or on our cell phone 609-377-4023. We will set-up a time that is easy and convenient for you to meet.