Pat Settar News Today

The frenzied market has caused a big change in N.J. real estate — more cash buyers Updated 12:50 PM; More buyers in New Jersey’s red-hot real estate market are relying on an old virtue to get their offers accepted — cash is king. Real estate agents throughout the state have said their buyers are often losing bidding wars to offers that are cash, meaning the sale is not contingent upon the buyer getting a mortgage to close. Cash buyers also run the risk of losing their deposit, so their o...

The housing market is hot for many reasons. Millenials are one of them. Updated Apr 17, 2021; Posted Apr 17, 2021 A real estate For Sale sign reading Sold hangs on Bard Avenue lawn as home buyers gain strength amid an ailing market.Thursday July 12, 2012. (Staten Island Advance/Anthony DePrimo) Staten Island AdvanceStaten Island Advance Facebook Share We’ve all heard about houses selling in days with multiple offers and bidding wars being the norm. But in the midst of a pandemic — and a...

Fistfights. Free tacos. This is how crazy the N.J. real estate market is, agents say. Updated Apr 14, 2021; Posted Apr 14, 2021 Low inventory and high demand are causing chaos at open houses leading to long lines and multiple offers within days. Facebook Share An agent offered to supply tacos for a Tuesday closing. And a fistfight apparently broke out at an open house. The residential real estate market is at an historic high for home sales despite low inventory. And as buyers grapple to scor...