Is it a Good Time to Buy a Home in Rumson?

Rumson Real Estate

Last week I reviewed 4 key objective indicators for the 2016 Fair Haven real estate market, and today I’ll do the same for Rumson. Indicator #1 is the number of home sales, and this is an indication of Demand. 26% more homes sold in Rumson in 2016 vs. 2015, and if you’re thinking of buying a home in Rumson, this isn’t good news. It isn’t good news because increased demand normally results in higher prices.

The second indicator – the number of listings – indicates Supply. 17% more homes were listed in Rumson in 2016, an increase of 17% over 2015. Increased supply normally results in lower prices, so that’s good news for home buyers. There are various ways to indicate the number of homes listed. I use the 12 month average, but some Realtors like to use the listings for one month compared to the number of listings in that same month in the previous year.

The 3rd indicator is the Real Estate Absorption Rate, and it’s important because it takes into account both Supply and Demand. The absorption rate calculates how long it would take to sell all the homes on the market, assuming that home sales continue at the present rate. There are different ways of calculating this number: some people use the current month compared to the same month a year ago; others use the past 6 months compared to the same period last year; I, like many Realtors, use the past 12 months. The 2016 Real Estate Absorption Rate was 8.7 months, indicating it would take 8.7 months to sell ALL the Rumson homes on the market in a typical month, assuming homes sold at the rate they did in all of 2016.

In a “normal” real estate market, the Real Estate Absorption Rate is between 5 and 7 months. When the absorption rate falls below 5 months we’re in a “seller’s market”, indicating that Demand is exceeding Supply; when it rises above 7 months we’re in a “buyer’s market”, indicating that Supply is exceeding Demand.  At 8.7 months, Rumson’s 2016 absorption rate was consistent with a “buyer’s market”. In fact, this indicator says 2016 was more of a “buyer’s” market than 2015, when the absorption rate was 7.6 (also above the 5 – 7 month rate for a “normal market”). So the absorption rate is the “tie breaker” between indicator #1 (which was good news for buyers) and indicator #2 (which was bad news for buyers. A higher real estate absorption rate is good news for buyers.

The final indicator is the median sales price. As I said last week, this isn’t the average sales price; the average is calculated by adding all the selling prices and dividing by the number of homes sold. The average price can be misleading, because it can be distorted by homes that have sold at either very high or very low prices. The median sales price is the price at which 50% of the homes sold for a higher value and 50% sold for a lower value. The median sales price for a home in Rumson fell slightly, from $1,200,000 in 2015 to $1,175,000 in 2016. A lower sales price is obviously good news for home buyers. While Fair Haven home prices rose in 2016, Rumson home prices did not. The Rumson median price is substantially higher than Fair Haven’s, and it’s another indication that the local 2016 real estate market was stronger for lower-priced homes than for higher-priced ones.

Here are the numbers in tabular form; positive news for home buyers is highlighted in underlined italic font  but as was the case last month, this month’s statistics don’t have any good news for buyers:

Rumson Single-Family Home Sales, January 1 – December 31

                                       2015               2016                         Comment

Sales                                107                 135                  26% more home sales.

Listings/Month*          78                   91                 7% more home listings.

Months Supply*          7.6                   8.7                 Weaker demand vs. supply.

Median Sale $     $1,200,000    $1,175,000       2% lower median sales price.

*based on the previous 12 months of listings

The bottom line: if you’re thinking of buying a home in Rumson, 3 of the indicators are good news, and 1 is bad news. Now is a good time to buy in Rumson.

Len

Leonard “Len” Dunikoski, GRI
Broker/Salesperson
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760
(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

Posted in Rumson Fair Haven Realtor, Rumson Homes Sold, Rumson real estate agent, Rumson Real Estate Market, Rumson Realator | Leave a comment

2016 Fair Haven Real Estate, Part 2

Did You See the Cherry Blossoms This Week?

Did You See the Cherry Blossoms This Week?

Yesterday we looked at 4 key statistics for the 2016 year-end real estate market. Here are the numbers again, with positive news for home buyers highlighted in underlined italic font

 Fair Haven Single-Family Home Sales, January 1 – December 31

                                    2015                2016                Comment

Sales                            119                  90      24% fewer homes were sold.

Listings/Month*          36                    41      11% more homes on market.

Months Supply*        3.6                  5.5      Weaker demand vs. supply.

Median Sale $      $745,000      $795,000     7% higher median sales price.

                                    *based on the previous 12 months of listings

If we take a closer look at the 90 homes that sold in Fair Haven last year, we don’t find a uniform market across all price ranges. Homes under $500,000 were in high demand and tended to sell quickly. No surprises there- with its enviable location on the Navesink River, proximity to “red hot” Red Bank, easy access to trains and ferries to Manhattan, small town friendliness and its excellent school system, Fair Haven has long been one of the most desirable towns in Monmouth County.

Homes also sold quickly in the $500,000 – $750,000 price range if they were priced at or close to true market value. These homes tended to have more bedrooms, or were in better condition or were located on larger properties. They included not only colonials but cape cods, expanded ranches and even a few split levels. The low end of that price range was also attractive to builders, who purchased older homes or homes in poor condition to tear them down and build new homes priced at over $1M.

Homes in the $750,000 – $1M price range tended to sell more slowly. Athough most of these homes had updated or new kitchens and baths, they competed with similar (or larger) homes in Little Silver, which has some of the same characteristics as Fair Haven but which also tends to have higher taxes. Fair Haven is more popular for families desiring to send children to Rumson-Fair Haven Regional High School, considered one of the best public high schools in New Jersey. This price range also included a $950,000 tear-down home on Ridge Road; it will be interesting to see what the newly-constructed home is listed at.

The $1M – $1,250,000 price range included several of the newly-constructed homes in the River Oaks section of town. The median Rumson home sales price falls into this range, but tend to be smaller or not in as good a condition as similarly-priced homes in Fair Haven. If you’re considering a home in this price range, there’s good value for the money in homes on some of the larger properties in town. Several were listed below assessed value, and surprisingly didn’t sell despite having gourmet kitchens and updated baths. Younger buyers in this price range tended to favor new construction, even when the homes were considerably smaller and on smaller lots.

Home sales were very slow in the $1,250,000+ price range. At this price point, competition with similarly-priced homes in Rumson becomes a significant factor. As memories of Super Storm Sandy fade, homes in some of the more low-lying sections of Rumson are selling faster than they would have a year or two ago. Likewise with homes in Monmouth Beach, Little Silver and even Oceanport.

Len

Rumson Fair Haven RealatorLeonard “Len” Dunikoski, GRI
Broker/Salesperson
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760
(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

Posted in Fair Haven Real Estate, Rumson Fair Haven Real Estate, Rumson Fair Haven Realtor, Rumson Realtor, Rumson-Fair Haven Real Estate Market | Leave a comment

Fair Haven Home Sales: 2016 Year End Report

Fair Haven Pole

If you’re thinking of buying a home in Fair Haven in 2017, it might be helpful to look back and see what happened to Fair Haven real estate last year. To help you do this, I’ve listed 4 key statistics below. The first one – the number of sales – shows that 24% fewer homes sold in 2016 than in 2015. This is good news for you; it shows there was less demand for Fair Haven homes, and lower demand for homes usually results in lower home prices. The second statistic – the number of listings – shows more Fair Haven homes were on the market in 2016 than in the year before. The number I use is the 12 month average, because the number of homes on the market varies from month to month. More homes on the market means there’s a greater supply, and as supply increases prices also tend to go down, so that’s the second bit of good news for you.

The 3rd statistic is called the Real Estate Absorption Rate, and we’re going to spend a lot of time talking about it, because it takes into account both supply and demand. This is a calculation of how long it would take to sell all the homes on the market if home sales continue at the present rate. There are different ways of calculating this number: some people use the current month compared to the same month a year ago; others use the past 6 months compared to the same period last year; I, like many Realtors, use the past 12 months. The 2016 Real Estate Absorption Rate was 5.5 months. In other words, it would take 5.5 months to sell ALL the Fair Haven homes on the market in a typical month, assuming homes sold at the rate they did in all of 2016.

In a “normal” real estate market, he Real Estate Absorption Rate tends to be between 5 and 7 months. When the absorption rate falls below 5 months we’re in a “seller’s market”, indicating that demand is exceeding supply; when it rises above 7 months we’re in a “buyer’s market”, indicating that supply is exceeding demand. In 2015 the absorption rate was 3.6 months, consistent with a “seller’s market”. 2016 saw the rate rise above 5 months, showing a return to a “normal market”. Although a normal market is neither good news nor bad news for home buyers, it’s good news that Fair Haven  is no longer the “seller’s market” that it was in 2015.

The final statistic is the median sales price. Note this isn’t the average sales price; the average is calculated by adding up all the selling prices and dividing by the number of homes sold. The average price can be misleading, because an average value can be distorted by homes that have sold at either very high or very low prices. The median sales price is the price at which 50% of the homes sold for a higher value and 50% sold for a lower value. The median sales price for a home in Fair Haven rose from $745,000 in 2015 to $795,000 in 2016. A higher sales price obviously is bad news for home buyers.

Here are the numbers in tabular form; positive news for home buyers is highlighted in underlined italic font:

 Fair Haven Single-Family Home Sales, January 1 – December 31

                                    2015                2016                Comment

Sales                            119                  90      24% fewer homes were sold.

Listings/Month*          36                    41      11% more homes on market.

Months Supply*        3.6                  5.5      Weaker demand vs. supply.

Median Sale $      $745,000      $795,000     7% higher median sales price.

                                    *based on the previous 12 months of listings

The bottom line: if you’re a Fair Haven home buyer, 2 of the numbers are good news, 1 is bad news and 1 is neutral.

Tomorrow we’ll drill down and look at various segments of the 2016 Fair Haven residential real estate market.

Len

Rumson Fair Haven RealatorLeonard “Len” Dunikoski, GRI
Broker/Salesperson
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

 

Posted in Fair Haven NJ Real Estate, Rumson Fair Haven Real Estate, Rumson Fair Haven Realtor, Rumson-Fair Haven Real Estate Market | Leave a comment

In the Eye of the Beholder

Baptismal Cross Weed3

What do you see when you look at the photo above? A weed? A beautiful plant? A weed which has an unusual but pleasing shape? Whether this is beautiful or ugly is all in the eye of the beholder, isn’t it?

I came across this bit of greenery while walking my dog, and I don’t believe I’ve ever seen one of these before, so I stopped to take a photo. It reminded me of a compass rose, or an 8-pointed cross. Maybe the cross of St. George superimposed on the cross of St. Andrew?

It’s a lot like real estate: different people can look at the same house and see it as ugly, or beautiful, or something in between. When prospective buyers tell me they don’t want a ranch, or they don’t want a split-level, I try very hard to show them only colonials or custom houses, but every so often one of those same potential buyers will see the indoor photos of a ranch or a split-level, like them, and ask me to take them to see it.

There’s a lot you can say for looking beyond what’s popular at the moment, because when there’s a lot of interest (demand) in a particular style, or town, or neighborhood, prices tend to move higher and you’ll have to pay more. Likewise, if there’s little demand, prices will head lower, and you might be able to pay less. If you can look at a property with little demand and see what the potential can be if certain changes are made, you can get very good value for the money.

As an example, think about the Victorian houses in Cape May. Right now people love them, and in addition to being used as private homes, many were transformed into beds and breakfasts, and restaurants. However, not too long ago the real estate market in Cape May was flooded with Victorians, and nobody wanted them so the prices were very low. The same house today is worth several times what you could have bought it for back then.

I can think of several nice Rumson-Fair Haven homes now priced below their assessed values because there’s something about them that decreases their demand. It might be the sytle, the size of the property, or the floor plan. I’m thinking of one particular property right now- it’s a large, 4-bedroom home nicely situated on a large property. There are lots of things to like about this house- it has a modern kitchen with granite counter tops, cherry cabinets and custom-installed tumbled marble tiles lining the walls. Although the house was built around 1950, the current owners are very energy-conscious, and updated it with multi-zone high-efficiency heating and cooling systems and lots of insulation in the attic floor. You even notice small “green” touches, like an induction cooktop. Why is it priced below assessed value? Because it has 2 bedrooms on the first floor and two on the second floor, and many buyers prefer 3 bedrooms on the 2nd floor. This house has a large, walk-in attic that easily could be converted into a master bedroom suite, and an astute buyer who can see such possibilities can buy a home which can substantially increase in value after a little renovation.

So, let’s go back to the photo at the beginning of this post. Take another look at it, and what do you see? If you initially saw it as a weed, you might still see it as a weed. But in your mind  you also may have transformed that weed into an interesting plant, worthy of a second look. By the way, if you know the name of that weed/plant, please let me know what it is. Thanks!

Len

Broker-Salesperson
Diane Turton REALTORS®  – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

 

Posted in Fair Haven NJ Real Estate, Rumson Fair Haven Real Estate, Rumson Fair Haven Real Estate Agent, Rumson Real Estate Market | 1 Comment

How’s the (Rumson Real Estate) Market?

 

79 Ave of Two Rivers RUM

This 5 bedroom, 4 bath home at 79 Avenue of Two Rivers sold in July for $1,265,000

If you’re thinking of buying a home in Rumson, I’ve got some good news for you: the median home selling price this so far year is only 2% higher than what it was a year ago. In addition, there are more homes to choose from, and for the past 12 months there has been weaker demand vs. the supply. Here are the latest Rumson numbers:

 

                           Rumson Home Sales, January 1 – July 31
2015 2016 Comment
Sales (Demand) 63 81 29% more sales
Listings* (Supply) 75 91 21% more listings
Months’ Supply* (Absorption Rate) 7.8 8.8 Weaker Demand vs Supply
*based on the past 12 months
Median Sale Price $1,225,000 $1,250,000 2% Higher median sales price.

 

If you’ve read my past posts you know that I use 4 objective indicators to answer the “How’s the market?” question:

Sales: more year to date sales means higher demand, which normally results in higher prices (good for sellers).

Listings: more houses on the market means more supply, which normally results in lower prices (good for buyers).

Months’ Supply: this is the time it would take to sell all the houses on the market, if homes continued to sell at the rate they have been for the past 12 months. It considers both supply and demand, and  anything greater than 7 months is considered a “buyer’s market”.

Median Sales Price: obviously most buyers would like to buy the home they want at the lowest possible price (and of course sellers want the highest possible price).
So if you’re thinking of buying Rumson real estate, the numbers are telling you that more Rumson homes sold in the past 7 months (and that’s not good for you); there have been more Rumson homes listed in the past 12 months (that’s good for you); the absorption rate (months’ supply) was over 7 months a year ago (indicating a buyer’s market) and it’s even longer now (indicating an even better market for buyers); and the median Rumson home price in the past 7 months is only 2% higher (I think that’s good news for a town like Rumson, where you might expect and even higher rise in prices).

Many families buy homes hoping to be moved in before Labor Day so their children can start school in the new district. It’s mid-August, and even if you found a home you love tomorrow, it usually takes 60 – 90 days before you can close on it. So if you’d like to be moved in before the end of the year, you’ll have to find that home of your dreams by early October, and that doesn’t give you a lot of time.

Certainly do some searching on the internet to see if there might be something you like in your price range. Just remember, when you actually visit the home you may get an entirely different impression than from the photos and the description in the listing. If you can, go to the public open houses on Sunday afternoons, but tell them that you’re already working with a Realtor (remember, the showing agent works for the Seller, and has a duty to the Seller to negotiate the highest possible price). My recommendation is to never call the listing agent– call someone who works for another broker who will work only for YOU.

There are lots of real estate agents you can choose in Rumson and Fair Haven. Find one you like and can trust- don’t stay with anyone who “rubs you the wrong way”. Of course I’d love it if you gave me a call; it would be my pleasure to show you homes in your budget in the Rumson-Fair Haven area.

Len

Rumson Fair Haven RealtorLeonard “Len” Dunikoski, GRI
Broker-Salesperson
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

 

Posted in Rumson Fair Haven Realtor, Rumson Homes Sold, Rumson NJ Real Estate, Rumson real estate agent, Rumson Real Estate Market, Rumson Realator | Leave a comment

The Fair Haven Real Estate Market: June, 2016

This 3 bedroom, 3 bath waterfront home at 923 River Road sold in May for $1,355,000.

This 3 bedroom, 3 bath waterfront home at 923 River Road sold in May for $1,355,000.

There are the 4 key real estate indicators that I track every month (Sales, Listings, Absorption Rate and Median Sale Price). Each of them is an objective measure of the current real estate market, and each of them helps predict whether the real estate market is becoming better or worse for a buyer (or a seller). Here’s what the indicators are telling us about Fair haven real estate at the end of May, 2016:

 

Fair Haven Home Sales, January 1 – May 31
2015 2016 Comments
Sales (Demand) 43 34 21% fewer sales
Listings* (Supply) 36 35 4% fewer listings
Months’ Supply* (Absorption Rate) 4.3 3.9 Stronger Demand vs Supply
*based on the past 12 months
Median Sale Price $765,000 $780,000 2% higher median sales price

The indicator that’s underlined and in bold italics is good news for home buyers.

 

This month only one of the 4 objective indicators is positive for Fair Haven home buyers. There were 21% fewer sales in the first 5 months of this year compared to a year ago. Fewer sales means lower demand, and lower demand means home buyers can negotiate lower prices more easily.

However, the other 3 indicators are bad news for home buyers. Fewer listings means home buyers have fewer choices (less supply), and that makes it easier for the seller to negotiate a higher price. The median year-to-date sales price is up 2% compared to what it was this time last year. Finally, the real estate absorption rate is shorter than it was 12 months ago. The absorption rate is a calculation of the number of months it would take to sell all the homes on the market, if homes continue to sell at the rate they did in the past 12 months. It takes into account both the number of sales (demand) and the number of listings (supply).

Fair Haven Realtor

This 4 bedroom, 4 1/2 bath new construction home at 28 Lockwood Pl sold in May for $1,469,000.

When the absorption rate is between 5 and 7 months we’re in a “normal market”. When the absorption rate falls below 5 months it’s considered a “seller’s market”. Last June the Fair Haven absorption rate was 4.3 months (a “seller’s market”) and now at 3.9 months it’s even more of a “seller’s market”.

If you’re thinking of buying a home in Fair Haven, you’re probably going to have to pay more for a home than you would have a year ago. Even though fewer homes sold in the last 5 months than they did during the same period last year, demand is still high and homes that are priced at the market are selling fast. Often several home buyers are bidding on the same house, and this means that some homes are selling at or above their listing prices.

There is one area of the Fair Haven market that’s showing weakness: existing homes that are assessed at more than $1,000,000. A lot of new construction is coming on the market in the $1.0 – $1.5 million range, mostly consisting of 2,200 – 2,900 sq ft homes on small lots of 0.2 – 0.5 acres. Much larger existing homes (some on much larger properties) are available in “move-in” condition in that price range offering excellent value for the money. Some have been updated with high-efficiency heating and cooling systems, and have high-quality materials and workmanship that in my opinion are superior to what you’ll find in new construction.

If you’re thinking of buying a home in Fair Haven or the surrounding towns it would be my pleasure to work with you regardless of the price range you’re considering. If you’re a first-time home buyer, be sure to read my series of posts on The 5 “P’s” of Buying a Home. Rumson and Fair Haven are wonderful towns to live in- I’ve lived here for over 40 years. My recommendation for home buyers is to take your time, get to know the local market, and make a decision with your head and not just your heart. You can find a home you love at a price that’s a good investment.

Len

Rumson Fair Haven RealtorLeonard “Len” Dunikoski, GRI
Broker-Salesperson
Diane Turton REALTORS®  – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

Posted in "Fair Haven real estate", Fair Haven Homes Sold, Fair Haven real estate agent, Rumson Fair Haven Real Estate Agent, Rumson Fair Haven Realtor | Leave a comment

The Rumson Real Estate Market: June, 2016

This 5 bedroom, 4 bath home at 107 Rumson Road sold in May for $1,650,000.

This 5 bedroom, 4 bath Rumson home on 1.5 acres at 107 Rumson Road sold in May for $1,650,000.

We’re seeing an interesting trend after 5 months of Rumson home sales. Although the short-term (year-to-date) volume and median price are showing strong increases, the longer-term (past 12 months) indicators are showing signs of weakness. So where does that leave you if you’re thinking of buying or selling a home in Rumson?

Every month I track 4 key objective real estate indicators (Sales, Listings, Absorption Rate and Median Sale Price). Let’s take a look at them together:

 

                                    Rumson Home Sales, January 1 – May 31
2015 2016 Comment
Sales (Demand) 31 42 36% more sales
Listings* (Supply) 73 87 19% more listings
Months’ Supply* (Absorption Rate) 7.1 9.0 Weaker Demand vs Supply
*based on the past 12 months
Median Sale Price $1,050,000 $1,398,750 33% Higher median sales price.

(Good news for Rumson home buyers indicated in bold italicized underlined font)

 

42 homes sold in Rumson this year between January 1st and May 31st, a 36% increase compared to the same period last year. An increase in the number of sales indicates an increased demand, and increased demand usually means higher prices (good news for home sellers, but bad news for home buyers). In fact, at the end of May the median sales price of a home in Rumson was up 33% compared to a year ago.

However, we see a different picture if we look at the past 12 months: the number of homes listed for sale (i.e., supply) has increased by 19%, and more homes available to choose from means home buyers have more opportunities to negotiate lower sales prices; this is good news for home buyers, but bad news for home sellers.

This 5 bedroom, 4 bath home on 1.5 acres at 153 Bingham Avenue sold in May for $1,975,000.

This 5 bedroom, 4 bath Rumson home on 1.5 acres at 153 Bingham Avenue sold in May for $1,975,000.

Many people feel the best indicator of the real estate market is the real estate absorption rate. That’s a calculated value which takes into account both supply and demand. It’’s defined as the number of months it would take to sell ALL the homes listed for sale, if homes were to sell at the rate as they’ve sold in the past 12 months. When the absorption rate is between 5 and 7 months we’re in a “normal market”, and when it’ greater than 7 months, we’re in a “buyer’s market”, and sale prices tend to decrease. The real estate absorption rate was 7.1 months at the end of May, 2015 and it’s now 9.0 months, clearly pointing towards a “buyer’s market”.

The bottom line is this: even though year-to-date sales are higher and the median price is higher, 2 of the 4 key indicators are warning of weakness in the Rumson real estate market, and they’re predicting that sales prices will be going down this year.

If you’re thinking of buying a home in Rumson, my recommendation is to proceed very cautiously, and not be in a hurry to make quick decisions. If you’re relocating to this area you might want to consider renting a home for the first year so you have time to become familiar with the area. Rumson, Fair Haven, Little Silver and the surrounding towns have lots of great neighborhoods to consider, and you should consider all of them before making a commitment. Make a decision to buy with your head and not just with  your heart.

This 5 bedroom, 4 bath home on 1.76 acres at 2 Post Road sold in May for $2,885,000.

This 5 bedroom, 4 bath Rumson home on 1.76 acres at 2 Post Road sold in May for $2,885,000.

It would be my pleasure to work with you and spend as long as it takes until we find what you feel is the right house for you at the right price. If you’re a first-time home buyer, be sure to read my series of posts on The 5 “P’s” of Buying a Home. Rumson and Fair Haven are wonderful towns to live in- I’ve lived here for over 40 years. My goal is to build a relationship with you, and not just to make a fast sale.

If for some reason you need to move quickly and you’re not in the area, I’d be glad to preview several homes for you and walk through with my video camera so you can see what a house is really like, and not just look at a few carefully-selected photos that show the house at its best.

One last bit of advice: if you’re looking for homes online and find something you like, don’t call the listing agent (even if it’s me). The listing agent works for the seller, and has a fiduciary responsibility to the seller to negotiate the highest sales price; you want to work with a Realtor who works only for you, and who will negotiate the lowest sales price. When’s the last time a Realtor gave you that kind of practical advice?

Len

Rumson RealtorLeonard “Len” Dunikoski, GRI
Broker-Salesperson
Diane Turton Realtors – Rumson Office
8 West River Road
Rumson, NJ 07760

(732) 239-0739  (cell)    (732) 530-6686 (office)

ldunikoski@dianeturton.com

http://www.rumsonfairhavenhome.com

@ListWithLen

Posted in Rumson Fair Haven Realtor, Rumson Homes Sold, Rumson Real Estate Market, Rumson Realator | Leave a comment