This 1880’s Victorian “Grand Dame” sits right on the edge of Hopewell Borough on 4.77 subdividable acres in a highly visible spot that is ideal for a restaurant or B&B endeavor or a myriad of other opportunities. A beautiful building that is currently used as a day spa, a timber wraparound porch provides an inviting welcome and connects to an interior brimming with heritage features. Long hand-blown glass windows, pine floors, pocket doors, and beamed ceilings fill expansive rooms. Second and third floors are currently divided into an owner’s suite and two rentals, one with its own entrance, while the main level houses an updated granite kitchen that could accommodate a small cooking staff plus a large living room and spa facilities. There are six bedrooms and four full bathrooms in all. Parking is generous via two driveways and can be expanded. To get the full story and more pictures, please click here.
Everybody’s heard of the 30-year home mortgage, and probably the 15-year mortgage, too. But did you know that there is a 10-year, fixed-rate mortgage? And for some, it can offer big advantages. Read more here.
Buying a home can be both exciting and overwhelming for the first-time homebuyer. If you’ve decided to take the plunge into homeownership and have already started the search process, make sure you’re not making some common first-time homebuyer mistakes. Your upcoming investment could end up being a bad decision if you overlook some important facts about homeownership and sign that contract before you’re really ready. Read more here.
To successfully purchase a home today, you will need a down payment of at least 3.5 percent of the purchase price. Gone are the days of no down payment alternatives, down payment assistance and seller-offered programs to come up with the money needed to buy a home. Instead, let’s look at the five ways you can come up with a down payment to seal the deal. Read more here.
In a dramatic about-face for the housing market, sellers are now calling the shots. A survey of more than 2,000 Americans found that 33% of the 365 who were searching for a home have been on the hunt for more than a year and many were willing to make compromises on where they live or the type of home they would buy in order to close the deal. Read more here.
Home purchase contracts in New Jersey soared in April, recording a 28% increase compared to one year ago. Given that the pace of sales rose by 23% in April-2012, purchase demand has expanded by an astounding 58% over the past 2 years. The “buy now, pay less” mood among home buyers is creating a sense-of-urgency that is likely to raise purchase demand in 2013 to pre-recession levels last seen in 2006.
The New York Times says: Americans are in a buying mood, thanks largely to the housing recovery. Housing prices rose in every one of the 20 cities tracked, continuing a trend that began three months ago. Similar strength has appeared in new and existing home sales and in building permits. Read more here.