Beth Kimmick News Today

What happens if the appraisal is lower than your offer? Here’s what N.J. real estate agents say. Updated 11:15 AM; Today 11:00 AM What do you do when the appraisal comes in lower than the offer?Patti Sapone | NJ Advance Media Facebook Share Home buyers in today’s seller’s market are battling through low inventory and stiff competition by taking on huge risks — including an appraisal contingency waiver. Mortgage lenders send an objective party, known as an appraiser, to look at the ho...

In the cut-throat sellers residential real estate market some buyers are trying to gain an edge in bidding wars by writing letters to sellers.

It’s a seller’s market, but is this really a good time to sell your home? Updated Apr 04, 2021; Posted Apr 04, 2021 Theres no end in sight to the sellers market. But if you do sell, where can you go? Inventory is low and competition is fierce. AP Photo/Matt Rourke Facebook Share It’s a seller’s market, which makes it sound like a really good time to put your house on the market. There are very few houses for sale. And multiple offers are driving up prices on the ones that are, putting...

Housing stock in N.J. is half of what it was last year, pushing prices to $500K on average Updated Mar 01, 2021; Typically this time of year in Randolph, there are 120 to 140 homes listed for sale. Right now there are just 23. It’s a trend agents and buyers are seeing throughout the state brought on in part by COVID-19 concerns — and the intense competition for the few houses that are on the market. “The inventory is ridiculously low. Unprecedented,” said Missy Iemmello, office manager...