Thursday, April 14, 2011

Another Happy Seller! Always nice to hear this. Thank You.


Recent Testimonial from a Happy Seller. Thank You.

Clearly Among the Best, On Top of Things, Extremely Knowledgeable, Forceful in Representing our Interests    
“Dear Smitha, Last Friday we closed on the sale of our townhome jointly owned by my brother, Ira and me. I want you to know that from start to finish it was a Pleasure Working with You and Your Team and we were both Extremely Pleased with Your Performance. You displayed Utmost Professionalism throughout and did an Excellent Job marketing our townhouse in a difficult real estate environment. I have worked with many real estate agents. You are Clearly Among the Best. You and Your Team were Always on Top of Things. You are Extremely Knowledgeable about the local real estate market and the housing economy in general. When issues arose, you were Forceful in Representing Our Interests. My thanks for all your efforts on our behalf and please extend our appreciation to the other members of your team" - Michael Krauss.
Smitha and Rahul Ramchandani are a licensed real estate Broker-Salesperson/Sales Representative Team with Keller Williams in New Jersey. They are Buyer Specialists and a Home Marketing Experts. You can reach Smitha and Rahul and their team online at: http://www.Morris-Homes.com.

Smitha and Rahul and their team specialize in North-Central New Jersey and all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham Park, Hanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, Randolph, Rockaway, Whippany

Monday, March 21, 2011

Housing Affordability at it’s Highest in Years

The median mortgage payment (principal and interest) in 2010 consumed less than 15% of family income in comparison to the historical standard of 25%.

•2010: 14.3%

•2009: 14.8%

•2008: 18.1%

•2007: 21.7%

•2006: 23.2%

Page18_HousingAffordability_thumb[3]

Affordability - % of Income: The percentage of a median family’s income required to make mortgage payments (principal and interest) on a median priced home.


14.3% in 2010 is the lowest on record (since 1970). In 2003, it was at 19.1% due to significantly lower mortgage rates that year.

  • The highest price-to-income ratio ever recorded was in 1981 when it hit 36.3%. Interest rates during this year averaged 15.12%, the second highest on record after 1982’s 15.38%.
  • Here are the 10-Year Averages:

    •2000-2009: 20%
    •1990-1999: 20.3%
    •1980-1989: 28%
    •1970-1979: 19.5%
    •20-Year Average: 20.1%
    •40-Year Average: 21.9%

 

Smitha and Rahul Ramchandani are a licensed real estate Broker-Salesperson/Sales Representative Team with Keller Williams in New Jersey. They are Buyer Specialists and a Home Marketing Experts. You can reach Smitha and Rahul and their team online at: http://www.Morris-Homes.com.

Smitha and Rahul and their team specialize in North-Central New Jersey and all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham Park, Hanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, Randolph, Rockaway, Whippany

Monday, February 7, 2011

Foreclosure is Not the Only Option. Why a Short Sale can be a Better Option than a Foreclosure?

Headlines today are filled with stories about homeowners in financial distress—people who face a lender’s foreclosure on their home.

Do You Owe More on your Mortgage than the House is Worth and Can't Afford the Payments? You might be able to Sell it for Less than you Owe - Without Having to Pay the Lender the Difference.
 
Consider a Short Sale Instead. Here are the benefits compared to a Foreclosure:     

  • We will List and Sell Your House.
  • The Lender Will Pay the Realtor Fee.
  • And You Get to Protect Your Credit Score.

Call Us Today at 973-953-7777 for a Confidential Consultation to see if you qualify for a Short Sale!
Smitha and Rahul Ramchandani are a licensed real estate Broker-Salesperson/Sales Representative Team with Keller Williams in New Jersey. They are Buyer Specialists and a Home Marketing Experts. You can reach Smitha and Rahul and their team online at: http://www.Morris-Homes.com

Smitha  and Rahul and their team specialize in North-Central New Jersey and all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham ParkHanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, RandolphRockaway, Whippany

Tuesday, January 18, 2011

Thank You for your Generosity

image

Thank You for your support of our Annual Holiday Toy Drive.

Because of your generosity this holiday season, you gave more than just a toy, you delivered a message of hope!
Together We Made a Difference!
Smitha and Rahul

Thursday, October 7, 2010

Wall Street Journal Article : Why Now is a Great Time to Buy a Home

Thinking about buying a home? Home Buyers: please read this recent Wall Street Journal Article on 10 Reasons to Buy a Home Now image1

and this Keller Williams article on A Smart Buyer’s Guide to Seizing the Market  

 

 

Smitha Ramchandani is a licensed real estate Broker-Salesperson with Keller Williams in New Jersey. She is a Buyer Specialist and a Home Marketing Expert.. You can reach Smitha and her team online at: http://www.Morris-Homes.com
Smitha and her team specialize in all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham ParkHanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, RandolphRockaway, Whippany

Wednesday, August 18, 2010

Real Estate Market Update

Smitha Ramchandani is a licensed real estate Broker-Salesperson with Keller Williams in New Jersey. She is a Buyer Specialist and a Home Marketing Expert.. You can reach Smitha and her team online at: http://www.Morris-Homes.com
Smitha and her team specialize in all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham ParkHanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, RandolphRockaway, Whippany

Tuesday, July 6, 2010

June 2010 Condo and Townhome Sales Report- Morris County New Jersey Real Estate Recent Townhome/Condo Sales

 

June 2010 Condominium and Townhouse Sales Report - Morristown, Madison, Chatham, Denville, Randolph, Parsippany, Rockaway, Hanover, East Hanover, Montville, Morris Plains, Morris Township, Florham Park, Roxbury, Butler, Lincoln Park, Morris Twp., Mount Arlington, Mount Olive, Riverdale, Whippany, Washington Twp., New Jersey Real Estate

Town

Address

List Price

Style

Beds

Baths

Garages

Sold Price

Butler Boro  444 CAMBRIDGE DR   $249,900 One Floor Unit 2 2 0 $242,500
Butler Boro  343 CAMBRIDGE DR   $359,900 Townhouse-Interior 2 2.1 1 $342,000
Chatham Boro  380 MAIN ST APT 20   $315,000 One Floor Unit 2 1 0 $303,000
Chatham Twp.  187 TERRACE DR   $260,000 One Floor Unit, Townhouse-Interior 1 1 1 $260,000
Chatham Twp.  2G HERITAGE DR   $289,900 One Floor Unit 1 1 1 $270,000
Chatham Twp.  211 Terrace Drive  $300,000 Townhouse-Interior 1 1 1 $292,500
Chatham Twp.  13G HERITAGE DR   $312,000 Townhouse-End Unit 1 1 1 $295,000
Chatham Twp.  22H CANTERBURY RD   $339,000 One Floor Unit 2 2 1 $309,500
Chatham Twp.  145 RIVEREDGE DR   $339,000 Townhouse-Interior 1 1 1 $315,000
Chatham Twp.  105 CANTERBURY RD   $474,000 Townhouse-End Unit 2 2.1 1 $479,625
Chatham Twp. 3 Magnolia Place  $1,075,000 Townhouse-Interior 3 3 2 $950,000
Chester Boro  33 BARKMAN WAY   $599,000 Townhouse-End Unit 3 2.1 2 $584,000
Denville Twp.  3707 SCENIC CT   $338,999 Townhouse-End Unit 2 1.1 1 $326,000
Denville Twp.  3107 PEER PL   $339,000 One Floor Unit, Townhouse-End Unit 2 2 1 $300,000
Denville Twp.  514 KNOLLWOOD CT   $345,000 Townhouse-Interior 2 2.1 1 $340,000
East Hanover 9-2 DARA DR  $259,000 One Floor Unit 1 1.1 1 $235,000
East Hanover  14 MILLIE LN   $317,800 Townhouse-Interior 2 2 0 $300,000
East Hanover  17 QUEENSBRIDGE DR   $405,000 Townhouse-Interior 2 2.1 1 $385,000
Florham Park Boro  38 PARK ST 2-C   $357,000 Townhouse-End Unit 2 1.1 1 $338,000
Florham Park Boro 58 BROOKLAKE RD   $409,000 One Floor Unit 2 2 1 $409,000
Florham Park Boro 250 Ridgedale Ave.J-5  $469,000 Multi Floor Unit 3 2.1 2 $430,000
Florham Park Boro 1 SARAZEN CT   $525,000 Townhouse-End Unit 4 2.1 2 $498,100
Hanover Twp.  1605 APPLETON WAY   $384,900 Townhouse-Interior 2 2.1 1 $375,000
Harding Twp.  3 Ash Lane  $489,900 Townhouse-End Unit 3 2.1 1 $450,000
Jefferson Twp. 17 RIDGEVIEW TER  $199,000 Townhouse-Interior 2 2 1 $192,500
Jefferson Twp.  7 PINE HOLLOW CT   $219,000 Multi Floor Unit, Townhouse-Interior 1 2 1 $213,000
Lincoln Park Boro  184 ROBERTSON WAY   $255,000 One Floor Unit, See Remarks 2 2 0 $240,000
Lincoln Park Boro 195 GETTYSBURG WAY  $285,500 Townhouse-Interior 2 1.1 0 $270,000
Lincoln Park Boro  57 TOMS POINT LN   $299,900 Townhouse-Interior 2 2.1 0 $285,000
Lincoln Park Boro  74 RYAN LN   $399,900 Townhouse-Interior 2 2.1 1 $380,000
Long Hill Twp.  41 SUNRISE DR   $199,900 First Floor Unit, One Floor Unit 1 1 1 $195,000
Long Hill Twp.  8 COOPER LN   $405,000 Townhouse-Interior 3 2.1 1 $390,000
Long Hill Twp.  52 COOPER LN   $409,000 Townhouse-Interior 3 2.1 1 $389,000
Mendham Boro  40 WEXFORD DR   $359,900 Townhouse-Interior 2 2.1 0 $333,000
Mendham Boro  4 ESSEX DR   $419,500 Colonial, Townhouse-Interior 3 2.1 1 $410,000
Mendham Boro 6 S Aberdeen Dr.  $475,000 Townhouse-Interior 3 3.1 1 $445,000
Mendham Boro  3 ESSEX DR   $609,000 Townhouse-End Unit 4 2.1 2 $597,500
Montville Twp.  27 SPRINGBROOK RD E   $349,000 One Floor Unit 3 2 0 $349,000
Montville Twp. 8 Davenport Rd  $359,900 Townhouse-Interior 2 2.1 1 $340,000
Montville Twp. 12 CENTURY CT  $399,000 Townhouse-End Unit 2 2.1 1 $387,500
Montville Twp.  8 CENTURY CT   $439,000 Townhouse-Interior 3 2.1 1 $430,000
Montville Twp.  32 LENOX CT   $450,000 Townhouse-Interior 2 2.1 1 $433,000
Montville Twp.  30 EUGENE DR   $489,000 Townhouse-Interior 2 2.1 1 $480,000
Montville Twp.  6 LALIQUE DR   $509,000 Townhouse-Interior 2 2.1 1 $499,000
Montville Twp.  12 RIDGE DR   $528,000 Townhouse-Interior 2 2.1 2 $508,000
Montville Twp.  15 BARGE CT   $529,900 Townhouse-Interior 3 2.1 1 $471,000
Montville Twp.  87 JESSE CT   $589,000 Townhouse-End Unit 3 2.1 2 $580,000
Montville Twp.  109 RIDGE DR   $589,900 Townhouse-End Unit 3 3 2 $549,000
Montville Twp.  23 LALIQUE DR   $679,000 Townhouse-End Unit 3 2.1 2 $640,000
Morris Plains Boro  14G FOXWOOD DR   $289,000 Multi Floor Unit 2 2 1 $283,000
Morris Twp.  78 VILLAGE DR   $282,500 One Floor Unit 2 2 0 $272,500
Morris Twp.  57 HANCOCK DR  $374,999 Townhouse-Interior 2 2.1 1 $358,000
Morris Twp.  61 WILDFLOWER LN   $375,000 Townhouse-End Unit 2 2.1 1 $375,000
Morris Twp.  72 KEATS WAY   $400,000 Townhouse-Interior 2 2.1 1 $385,000
Morris Twp.  26 WILDFLOWER LN   $419,000 Townhouse-Interior 2 2.1 1 $409,500
Morris Twp.  15 DAVENPORT PL   $429,900 Townhouse-Interior 2 2 1 $415,000
Morris Twp.  9 DAVENPORT PL   $475,000 Multi Floor Unit, Townhouse-End Unit 3 2.1 1 $450,000
Morris Twp. 3 Pilgrim Court  $499,000 Townhouse-Interior 3 2.1 1 $485,000
Morris Twp.  30 DAVENPORT PL   $569,000 Townhouse-End Unit 2 3 1 $525,000
Morris Twp.  12 RAVEN DR   $619,900 Townhouse-End Unit 3 2.1 1 $600,000
Morristown Town 69 Abbett Avenue  $305,000 Multi Floor Unit, Townhouse-End Unit 2 1.1 1 $280,000
Morristown Town  29 COBB PL APT B   $317,000 Multi Floor Unit 2 2 0 $300,000
Morristown Town  7 PROSPECT ST 410  $339,900 Hi-Rise, One Floor Unit 1 1 0 $318,000
Morristown Town  23 TWOMBLY CT UNIT C   $419,900 Townhouse-Interior 2 2.1 2 $419,900
Mount Arlington  32 SPRUCE TER   $279,900 First Floor Unit, One Floor Unit 2 2 0 $260,000
Mount Arlington  6 MAPLE LN   $299,900 Multi Floor Unit, Townhouse-Interior 2 2.1 1 $290,000
Mount Arlington  32 MAPLE LN   $324,900 Townhouse-End Unit 2 2.1 1 $315,000
Mount Arlington  1 LAKESHORE DR   $750,000 Townhouse-End Unit 3 2.2 2 $650,000
Mountain Lakes Boro  15 NEWCASTLE CT   $519,900 Townhouse-Interior 2 3.1 1 $505,000
Parsippany  2467 STATE ROUTE 10 Apt 49-5B  $152,818 One Floor Unit 1 1 0 $158,000
Parsippany  2467 Route 10.Bldg 6,5B  $169,900 One Floor Unit 1 1 0 $156,500
Parsippany 2350 STATE ROUTE 10 unit C-31  $175,000 One Floor Unit 1 1 0 $165,000
Parsippany  2467 Route 10 East Bldg 21-2A  $183,475 First Floor Unit 1 1 1 $171,500
Parsippany 2350 Route 10 Bldg E Unit 4  $200,000 One Floor Unit 1 1 0 $192,000
Parsippany  2350 RT 10 - B39  $214,900 First Floor Unit, Townhouse-End Unit 2 1 0 $205,000
Parsippany  2467 STATE ROUTE 10   $215,500 First Floor Unit, One Floor Unit 2 1 0 $215,500
Parsippany  20 MONETT CT   $364,000 Townhouse-Interior 2 2.1 1 $347,000
Parsippany 103 EMILY PL  $439,900 Townhouse-Interior 2 2.1 1 $425,000
Parsippany  175 EMILY PL   $454,900 Multi Floor Unit, Townhouse-Interior 2 2.1 1 $425,000
Parsippany  150 JILLIAN BLVD   $459,000 Townhouse-Interior 3 2.1 1 $446,500
Parsippany  154 GLADSTONE DR   $469,950 Townhouse-Interior 3 2.2 1 $459,000
Parsippany  175 CROWN POINT RD   $489,000 Townhouse-End Unit 3 3.1 1 $468,000
Pequannock Twp. 98 Chatfield Drive  $268,900 One Floor Unit, See Remarks 2 2 0 $264,000
Pequannock Twp.  306 CHATFIELD DR   $269,000 First Floor Unit 2 2 0 $240,000
Pequannock Twp.  5202 TUDOR DR   $269,900 One Floor Unit 2 2 0 $257,000
Pequannock Twp. 5403 TUDOR DRIVE  $299,900 One Floor Unit 2 2 0 $285,000
Pequannock Twp.  57 SUNSET RD   $329,900 Ranch 2 1 3 $305,000
Pequannock Twp.  2104 WENDOVER DR   $367,000 Townhouse-Interior 2 2.1 1 $344,500
Randolph Twp.  902 WENDOVER CT   $359,900 Townhouse-End Unit 2 2.1 1 $352,500
Randolph Twp.  81 ARROWGATE DR   $375,000 Townhouse-End Unit 3 2.1 2 $365,000
Randolph Twp.  43 WOODMONT DR   $389,900 Townhouse-Interior 3 2.1 2 $375,000
Randolph Twp.  83 ARROWGATE DR   $405,000 Detached, Townhouse-End Unit 3 2.1 2 $395,000
Randolph Twp.  84 ARROWGATE DR  $416,000 Townhouse-End Unit 3 2.1 2 $405,000
Riverdale Boro  526 CANNELLA WAY   $195,000 One Floor Unit, Townhouse-Interior 1 1 0 $192,500
Riverdale Boro 2311 RAMAPO CT   $249,900 Townhouse-Interior 1 1 1 $246,000
Riverdale Boro  1109 WHARTON CT   $260,000 Townhouse-End Unit 2 2 1 $261,000
Riverdale Boro  75 MOUNTAIN VIEW CT   $275,000 One Floor Unit 2 1 0 $265,000
Riverdale Boro  5211 SANCTUARY BLVD  $291,990 Townhouse-Interior 2 1 1 $281,990
Riverdale Boro  5404 SANCTUARY BLVD  $349,990 Townhouse-End Unit 2 2 1 $344,990
Riverdale Boro  31 SILVERLEAF CT   $405,000 Townhouse-Interior 3 2.1 1 $390,000
Rockaway Twp.  3324 FRANKLIN LN   $128,900 One Floor Unit 1 1 1 $126,950
Rockaway Twp.  322 RICHARD MINE RD   $139,900 One Floor Unit 1 1 0 $139,900
Rockaway Twp.  2202 JOHNSON DR  $155,000 One Floor Unit 1 1 1 $152,000
Rockaway Twp.  322 RICHARD MINE RD   $175,900 First Floor Unit, One Floor Unit 1 1 1 $142,800
Rockaway Twp.  2107 CLINTON LN   $199,000 First Floor Unit, One Floor Unit 2 2 1 $190,000
Rockaway Twp.  2300 JOHNSON DR   $239,000 One Floor Unit 2 2 1 $210,000
Rockaway Twp.  2309 PIERCE LN   $252,950 Townhouse-Interior 1 1.1 1 $192,950
Rockaway Twp.  4304 CLEVELAND LN   $269,000 One Floor Unit 2 2 2 $243,500
Rockaway Twp.  12 FLINTLOCK TER   $359,900 Townhouse-End Unit 3 3 2 $345,000
Rockaway Twp.  6 FAESCH CT   $378,500 Townhouse-Interior 3 2.1 2 $360,000
Rockaway Twp.  39 HICKORY HILL CT   $429,900 Townhouse-End Unit 3 2.1 2 $387,500
Roxbury Twp. 181 WOODS EDGE DR  $220,000 Ranch, Townhouse-End Unit 2 2 1 $192,000
Roxbury Twp.  202 WOODS EDGE DR   $229,900 One Floor Unit 2 2 1 $210,000
Roxbury Twp.  105 DRAKE LN   $240,000 One Floor Unit, Townhouse-Interior 2 2 1 $230,000
Roxbury Twp.  73 WHISPER WAY EAST  $245,000 First Floor Unit, Townhouse-Interior 2 1 1 $238,000
Roxbury Twp.  72 DRAKE LANE  $249,900 Townhouse-End Unit 3 2 1 $235,000
Roxbury Twp.  180 WHISPER WAY E   $295,500 Townhouse-End Unit 2 2.1 1 $290,000
Roxbury Twp. 29 LOCH LN  $305,900 Townhouse-End Unit 3 2.1 1 $294,000
Roxbury Twp.  42 LAGOON WAY   $369,900 Townhouse-Interior 3 2.1 1 $346,000
Victory Gardens Boro 33 VICTORY CT   $222,500 Townhouse-End Unit 2 1.1 0 $222,500
Washington Twp.  130 NOTTINGHAM SQ   $188,900 Townhouse-End Unit 2 1.1 1 $180,000
Washington Twp.  91 NOTTINGHAM SQUARE  $269,900 Townhouse-Interior 3 2.1 2 $270,000
Washington Twp.  144 NOTTINGHAM SQ   $285,000 Townhouse-Interior 3 2.1 2 $273,000
Washington Twp.  31 DELBARTON COURT  $289,000 Multi Floor Unit, Townhouse-Interior 3 2.1 2 $280,000
Washington Twp.  2505 Decatur Court  $349,900 Townhouse-End Unit 3 2.1 2 $310,000
Wharton Boro 21138 WEST VIEW   $259,900 Townhouse-Interior 2 1.1 1 $259,900

Smitha Ramchandani is a licensed real estate Broker-Salesperson with Keller Williams in New Jersey. She is a Buyer Specialist and a Home Marketing Expert.. You can reach Smitha and her team online at: http://www.Morris-Homes.com
Smitha and her team specialize in all Morris County Towns such as Boonton, Chatham, Chester, Convent Station, Denville, East Hanover, Florham ParkHanover, Harding Twp., Mendham, Montville, Morristown, Morris Plains, Morris Twp., Mountain Lakes, Parsippany, RandolphRockaway, Whippany