http://www.southjerseyshorehome.com/MLSSearch

Call Peter Petridis if you have any questions or if you need any help with your search for a home here at the South Jersey Shore.

Please call Peter Petridis direct at 609-377-4023 from Prudential Fox and Roach if you need help with your search.  We are available to assist you with your search and show you any of the homes.

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.

www.southjerseyshorehome.com/40323rdst

Cute, clean rancher, one car garage, back door to private fenced back yard has patio, 12×8 shed, gas heat and central air, close to all shopping, and AC,

www.southjerseyshorehome.com/

Walk to the Beach.  Close to bay and the Elks club, quiet corner lot, features central air and gas heat.  Recently remodeled kitchen and bath, freshly painted with new carpets on ground level and first floor. Second level of home has solid hard wood floors.  Home is empty and ready for showings. Seller wants to sell.  Priced to sell!  View Listing on-line at www.southjerseyshorehome.com/300lafayetteplace

Beautiful 2 Bedroom, 1.5 Bath condo 1st floor unit located only 1.5 blocks to the beach! Condo completely renovated, Italian porcelain tile throughout, eat in kitchen with granite counters, new kitchen cabinets, new bathrooms, with hardwood floors in living room/den. Makes a great summer vacation home or can be a summer rental income opportunity. Seller is motivated. 

View the listing on-line:

www.southjerseyshorehome.com/111quayblvd

Open floor plan with a spacious living and dining room, and kitchen with Granite center island – 3 BR, 2.5BA with one car garage. Hardwood floors on the
main level with upgraded kitchen, appliances, lighting, 42″ inch cherry cabinets. Large professionally finished basement with 21 X 27 finished basement.Total square footage for home is approximately 2,100 of living space. This homes shows like a model and is in move in condition. Easy to show!

Shows Like a Model Home, Open floor plan with a spacious living and dining room, and kitchen with Granite center island – 3 BR, 2.5BA with one car garage. Hardwood floors on themain level with upgraded kitchen, appliances, lighting, 42″ inch cherry cabinets. Large professionally finished basement with 21 X 27 finished basement. Total square footage for home is approximately 2,100 of living space. This homes shows like a model and is in move in condition. Easy to show!

Follow the link to see additional information on this listing:

www.southjerseyshorehome.com/18meadowcircle

For prospective homebuyers who are on the fence about making a home purchase, the next few months represent a countdown of sorts for two reasons.

The first of these, the coming expiration of huge tax incentives, may be a bit more obvious to most borrowers. April 30, 2010 is the last day to enter into a home purchase contract and still potentially qualify for a federal income tax credit of up to $8,000 for first-time homebuyers and up to $6,500 for repeat homebuyers. The credit can be claimed only on contracts that close by June 30, 2010.
Secondly, beyond the waning benefit of the Federal income tax incentive, another form of stimulus will soon disappear, as the Federal Reserve winds down a program that has been keeping home loan rates artificially low.

Rate Alert…

The lowest rates of 2009 were driven down to their attractive levels because of the Fed’s Mortgage Backed Securities (MBS) purchase program. Home loan rates have an inverse relationship with the value of MBS. When these securities trade higher on the market, rates move lower and vice-versa. So when the Fed originally agreed to be a big buyer, it helped provide a market for MBS, which helped keep prices high and, as a result, helped push home loan rates low.

And while the Fed continues that program through the end of March 2010, the reality is that the Fed‘s “extension” was really more of a rationing intended to prevent home loan rates from spiking as the program is phased out. It’s sort of like weaning the market off of its life-saving treatment instead of forcing it to go cold turkey.

Already, some in the media have mistakenly reported the extension of the program through March as good news, telling consumers that rates will continue to decline, and remain low into the spring. This gives a false sense of security that homebuyers and refinancers simply cannot afford.

The problem is…
Those reports do not accurately report what’s going on or where rates are really headed. That can have a very costly impact on consumers who may miss out on historically low rates if they listen to these media outlets.

Here’s what’s really going on…

In May 2009, the Federal Reserve’s purchases of MBS peaked at an average of $25 Billion per week. As of November, the average weekly purchases dropped down to $14 Billion. At the end of November, the Fed had already used over 80% of the allocated funds for MBS, meaning less than 20% remained to be used over four months.

Making the problem worse is that the Fed now has less money available to purchase MBS while at the same time, the supply of these securities has increased as a result of refinance and purchase activity that was triggered by lower rates.

Why is that important?
As the Fed now has fewer funds to last through the remaining months of the program, its ability to keep rates low will wane.   As the Fed’s program winds down and ends, we’ll likely see two things happen.

First, we will probably see higher levels of volatility—with rates sometimes shifting dramatically in the middle of the day. That means it is more important than ever for buyers to work with a knowledgeable mortgage professional who has a finger on the pulse of the market at all times and can provide trusted, proven advice.

Second, since MBS will have less support from the Fed, rates are likely to rise over time.  In short, while rates are still very good, they may not be for long.

What should you do to protect yourself?
First and foremost, work with a knowledgeable mortgage originator who studies and monitors the market.

Second, don’t be fooled by media stories that only report the headlines and don’t understand the underlying implications of the Fed’s actions. If you ever hear something in the news but aren’t sure what it means to your situation, feel free to call or email me for in-depth answers and advice.

Finally, if you haven’t yet explored how the current rate environment might benefit you or someone you know, let’s arrange a time to sit down and discuss your unique situation as well as your short- and long-term goals. Remember, rates are still very good, but they may not be for long.

Just Listed - 3 Bedroom, 1 Bath Rancher for #274,900. 

Size Does Matter! 100 x 118  Extra-large corner lot with 3bd/1ba rancher located in the golf course area in a wonderful neighborhood. House needs some work but the opportunities are endless - build up, build out, add on! 2 sheds, outside shower hookup, patio, and more. Vacant and easy to show! Property is being sold as is. PRICED TO SELL! NOT A SHORT SALE! NOT BANK OWNED!

Preview Listing on-line: www.southjerseyshorehome.com/835bobbyjones