May 2010 market update presetation

Weichert, Princeton Office May 2010 Market Update

Seminar

Offers analysis of the Princeton & Greater

Princeton, NJ real estate markets & effective

strategies to buy and sell.

Presented by:

Joshua D Wilton

Broker/ Sales Rep.

Weichert Realtors

Princeton, NJ

O 609-921-1900

www.weichert-princeton.com

www.facebook.com/weichertprinceton

Agenda

1. The Market

2. Strategies for Buying

3. Strategies for Selling

Agenda

1. The Market

The Markets

‘Trichet: Economy in Deepest Crisis Since WWII’

- NY Times 5/15/10‘Fed's Hoenig Says Low Rates Can Lead to Bubbles:’

- NY Times 5/15/10

The Markets

‘April retail sales beat expectationsImage by Getty Imagesvia DaylifeApril retail sales rose 0.4 percent, the government said moments ago, a figure that was twice what forecasters were expecting, a sign that consumers are opening their wallets and spending.Removing auto sales from April retail sales did nothing to impact the number, indicating that new car sales rose at the same pace as other consumer goods. Same thing if you remove the volatile fuel and food costs.March retail sales were revised upward and grew at a rate of 1.2 percent.

http://voices.washingtonpost.com/economy-watch/2010/05/april_consumer_beats_expectati.html

The Markets

‘Europe Clouds U.S. RecoveryThe recovery is beating expectations as new data show consumer and manufacturing strength. But worries persist that it still isn't strong enough to heal deep wounds or withstand a new shock from Europe.

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST34000003

Where are we in US……

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LASST34000003

in NJ…

Otteau.com

Housing Drives the Economy…

Otteau.com

Current Market Drivers…Housing Affordability highest in 18

years (low home prices & low interest rates)…

Pent up demand…

Demographics…

Realtor.ord

National RE Market Newx

Pending Home SalesMar. index: 102.9Monthly: Up 5.3%Yearly: Up 21.1%

Realtor.org

National RE Market Newx

Existing-Home SalesMar.: 5.35 millionMonthly: Up 6.8%Yearly: Up 16.1%

http://www.nahb.com/generic.aspx?sectionID=734&genericContentID=106491

The Economic Effect of Homeownership…

Single Families Built

post 2004

Single Families Built

After 2004

Non Moving Owners

Appliances $2769 $1919 $1065

Furnishings $5288 $2365 $942

Repairs & Alterations

$4275 $4642 $2413

Forecast for 2010 (mid-Atlantic region)

Source: NAR, November 2008 Forecast

Otteau Recap:

2010: A More Balanced 2010: A More Balanced MarketMarket

Shortage of ListingsShortage of Listings

$350,000 and under $350,000 and under

(mid-atlantic)(mid-atlantic)


$350,000 & Below

Sellers Market

Scarce, low inventory

Price stability, moderate increase

1-2 months absorption rates

Highly competitive listing environment

$1,000,000 Plus

Buyer’s Market

Excessive inventory levels

Price instability, reduction

20+ months absorption rates

Highly influenced by finance securitization


Foreclosures/Distressed Properties StabilizeForeclosure Averages

•National Average: 14.41%

•MD: 8.24%

•NY: 7.78%

•CT: 7.0%

•DC: 6.42%

•PA: 6.12%

•DE: 5.92%

•NJ: 5.69%

•VA: 5.29%


Foreclosures within the Company-owned FootprintRegion Jan-09 Jan-10 %Var

Waters 6620 3541 -46.5%

McDonald 17121 10157 -40.7%

Green 23570 14706 -37.6%

Minsky 15224 10189 -33.1%

Ashby/Doepper 14736 11975 -18.7%

Chappell 16522 14082 -14.8%

Bixon 12605 11484 -8.9%

Williams 6225 6287 1.0%

Prevete 8150 9871 21.1%

Total 120,773 92,292 -23.6%


No Second Wave Foreclosures

in the Company-owned Footprint

(mid-atlantic)

A long term outlook in NJ & Mercer County


NJ Housing Permits

Source: CensusSource: Census

RESIDENTIAL BUILDING PERMITS AUTHORIZED 2000-2008

COUNTY 2000 2001 2002 2003 2004 2005 2006 2007 2008 Total

Atlantic County 1,625 1,685 2,020 2,285 2,075 2,002 1,893 1,136 794 15,515Bergen County 2,847 1,784 1,771 1,289 2,142 2,972 2,164 2,957 1,311 19,237Burlington County 2,775 2,184 2,359 1,805 1,516 1,475 2,784 1,037 976 16,911Camden County 796 757 1,160 1,934 1,413 1,706 1,183 1,191 895 11,035Cape May County 1,242 1,403 1,422 1,693 2,149 2,433 1,580 1,081 485 13,488Cumberland County 255 256 310 374 566 630 737 683 336 4,147Essex County 1,491 1,548 1,588 2,235 2,343 3,128 3,284 1,854 1,314 18,785Gloucester County 1,337 1,635 1,802 1,859 2,050 2,075 1,141 920 788 13,607Hudson County 1,338 1,116 1,534 2,116 3,808 4,498 4,275 3,081 3,229 24,995Hunterdon County 616 685 602 814 648 506 350 316 206 4,743Mercer County 1,283 1,355 1,428 1,188 1,641 1,296 847 700 625 10,363Middlesex County 2,460 1,884 1,999 2,306 2,622 3,206 2,567 1,597 1,020 19,661Monmouth County 2,912 2,194 2,372 2,756 2,628 2,584 2,820 2,060 1,526 21,852Morris County 2,684 1,577 1,914 1,555 1,427 2,503 1,670 1,052 795 15,177Ocean County 5,633 3,830 3,534 4,009 3,818 2,904 2,114 2,160 1,527 29,529Passaic County 457 631 689 829 763 647 850 760 432 6,058Salem County 161 180 170 307 334 297 298 148 198 2,093Somerset County 2,282 1,439 1,530 1,260 1,362 1,220 1,058 926 791 11,868Sussex County 719 808 679 587 612 668 603 360 302 5,338Union County 776 551 681 1,198 1,399 1,278 1,593 1,123 673 9,272Warren County 896 765 877 585 620 560 512 258 146 5,219 New Jersey 34,585 28,267 30,441 32,984 35,936 38,588 34,323 25,400 18,369 278,893

NJ Housing Permits

Source: CensusSource: Census

In thousand units

Long Term Supply …


Richardson Commercial

Long Term Demand in Mercer County …

Source: NAR, November 2008 ForecastSource: https://edis.commerce.state.nc.us/docs/countyProfile/NJ/34021.pdf

(Mercer County) Population & Growth Population Annual Growth Rate2013 Total Population 383,677 0.6%2008 Total Population 371,963 0.7%2000 Total Population 350,761

Long Term Demand in Mercer County …

Source: NAR, November 2008 ForecastSource: https://edis.commerce.state.nc.us/docs/countyProfile/NJ/34021.pdf

Estimated Pop. by Age Pop by Age, % Est.2013 Median Age 392008 Median Age 382000 Median Age 362008 Total Pop 0-19 98,816 26.6%2008 Total Pop 20-29 49,307 13.3%2008 Total Pop 30-39 49,497 13.3%2008 Total Pop 40-49 58,288 15.7%2008 Total Pop 50-59 51,605 13.9%2008 Total Pop 60+ 64,450 17.3%

• Buffett Says U.S. Housing Will Recover by 2011 on Lower Supply

• March 1 (Bloomberg) -- Billionaire Warren Buffett said the U.S. residential real estate slump will end by about 2011, predicting that’s how long it will take demand for homes to catch up with the supply.

• “Within a year or so, residential housing problems should largely be behind us,” Buffett wrote Feb. 27 in his annual letter to shareholders of his Berkshire Hathaway Inc.”

‘Yoda has spoken…’

Economics 101:As supply goes up, prices

go ___.


Princeton Boro Inventory Trends

Princeton Twp Inventory Trend

Lawrence Inventory Trends

Hopewell Inventory Trends

Ewing Inventory Trends

West Windsor Inventory Trends

Plainsboro Inventory Trends

YTD Closed Homes Snapshot:2008 2009 2010

Princeton Twp.

52 31 33

West Windsor

88 68 70

Hopewell 59 38 44

Plainsboro 64 43 59

1. Real Estate is Local

Top Five Rules for Understanding the Real

Estate Market:



4. Real Estate is Local5. Real Estate is Local

1. Understand the Local Market That You are Buying into…

Market Absorption Scale(Absorption Rate in Months)

5-6 months absorption rate indicates a normal market.

Absorption Rate by Price Range

Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market

absorption and property values.

As absorption rates increase beyond a normal market level of 5-6 months, property

values depreciate annually.

Sample Market Absorption RateSample Market Absorption Rate

107 current active listings

4 reported sales in last 30 days

=

24.3months absorptionrate

Anytown., NJ

5-6 Months Market Absorption Rate indicates a normal market.

5/4/10Towns Active

ListingsPending in Last 30 Days

Absorption Rate in Months

New Listings in 30 Days

Net Gain (Loss) to Market

Listings Reduced in 30 Days

% of Invent. Reduced

Expired Listings

W/drawn Listings

Closed Listings

Princeton Boro: All Styles

59 6 9.8 17 11 5 8.5% 0 0 3

Pton -Boro Condo/ Thouses

22 2 11 5 3 2 9.1% 0 0 1

Pton-BoroSingle Family

37 4 9.3 12 8 3 8.1% 0 0 2

Pton Twp: All Styles

133 21 6.3 38 8 25 18.8% 3 6 11

Pton Twp: Condo/ Thouses

10 5 2 2 -6 0 0 0 3 3

Pton Twp:Single Family

123 16 7.7 36 14 25 20.3% 3 3 8

5/4/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

West Windsor: All Styles

153 39 3.9 51 3 55 35.9% 5 4 21

West Windsor Condo/ T.Houses

34 8 4.3 12 1 11 32.4% 0 3 10

West Windsor55+

13 4 3.3 3 -2 -- -- 1 0 0

West Windsor Single Family

106 27 3.9 36 4 44 41.5% 4 1 11

Lawrence: All Styles

243 33 7.7 47 2 72 29.6% 6 6 26

Lawrence:Condo/THouses

68 15 4.5 15 -4 31 45.6% 4 0 13

Lawrence: 55+

23 2 11.5 2 -2 -- -- 0 2 2

Lawrence: Single Family

152 16 9.5 39 8 41 27% 2 4 11

5/4/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

PlainsboroAll Styles

71 22 3.2 22 13 18% 6 0 15

PlainsboroCondo/ THouses

38 11 3.4 13 9 23% 4 0 11

Plainsboro55+

10 1 10 0 1 10% 1 0 2

PlainsboroSingle Family

23 10 2.3 9 3 13% 1 0 2

Cranbury:All Styles

28 6 4.6 7 8 28% 1 0 1

Cranbury:55+

2 1 2 1 0 1 50% 0 0 1

Cranbury: Single Family

26 5 5.2 6 1 7 26% 1 0 0

5/4/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

Ewing: All Styles

272 22 12.4 61 27 78 28.7% 6 6 18

Ewing : Condo/ T.Houses

44 3 14.7 10 5 11 25% 0 2 6

Ewing 55+:

7 0 99 1 1 -- -- 0 0 0

Ewing:Single Family

221 19 11.6 50 21 67 16.7% 6 4 12

East Windsor:All Styles

186 23 8.1 36 -1 42 22.6% 8 6 17

East Windsor:Condo/ THouses

103 9 11.4 20 3 23 22.3% 3 5 5

East Windsor:55+

22 1 22 2 -1 -- -- 1 1 0

East Windsor: Single Family

61 13 4.7 14 -3 19 31.1% 4 0 12

5/10/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

Hopewell Twp.All Styles

190 27 7 61 34 42 22% 10 10 17

Hopewell Twp. Condo/ T.Houses

16 9 8 (1) 7 44% 1 1 3

Hopewell Twp.:55+

10 0 99 - - - - - - -

Hopewell Twp Single Family 164 18 9 53 35 35 21% 9 9 14

Hamilton: All Styles 582 101 6 129 28 181 31% 41 21 72

Hamilton:Condo/ THouses 113 27 4 20 (7) 40 35% 8 4 20

Hamilton:Single Family 427 71 6 109 38 141 33% 33 17 52

Hamilton: 55+41 3 14 - - - - - -- -

5/10/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

RobbinsvilleAll Styles 136 17 8 38 11 39 29% 9 6 12

RobbinsvilleCondo/ T.Houses

69 9 8 18 9 16 23% 2 5 9

Single Family67 8 8 20 12 23 34% 7 1 3

Hightstown Boro: All Styles 77 4 19 14 10 12 16% 4 3 4

Pennington26 3 9 6 3 8 31% 1 1 4

Hopewell Boro20 3 7 5 2 6 30% 2 1 2

5/4/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

South

Brunswick

All Styles

209 31 7 57 26 57 26% 8 3 27

South BrunswickCondo/ T.Houses

62 15 4 21 6 20 32% 6 1 12

South Brunswick

55+

25 2 12.5 1 1 0 0% 0 0 4

South Brunswick

Single Family

122 14 10 35 21 37 30% 2 2 11

Monroe:

All Styles450 41 11 110 69 72 16% 36 3 51

Monroe:

55+275 24 11 71 47 36 13% 18 1 35

Monroe:

Single Family

176 17 10 39 27 36 20% 18 2 16

/2010Towns Active







Expired Listings

W/drawn Listings

Closed Listings

Montgomery

All Styles

153 37 4.1 52 29 58 38% 2 3 18

Montgomery

Condo/Twnhms

24 10 2.5 11 3 7 29% 0 2 6

Single Family

129 27 4.8 41 26 51 39.5% 2 1 12

Hillsborough

All Styles

215 43 5 65 21 63 29% 8 10 26

Hillsborough

Condo/Townhouses

86 20 4.3 33 19 19 22% 3 3 8

Hillsborough

Single Family

129 23 5.6 32 2 44 34% 5 7 18

Source: otteau.com, 4th quarter 2009

54Market Scale for Supply & Market Scale for Supply & DemandDemand

High Supply/Low Demand Low Supply/High DemandNormal

Ma

rke

t A

bso

rpti

on

in M

on

ths 1

2

3

4

5

6

7

8

9

10

11

12

No

rma

l

Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values.

As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.

Note: This Market Scale is valid only for absorption rates between 1 and 12 months.

Understand the Market That You are Buying/ Selling in…

I want to live/ sell in West Windsor…..

Market Absorption Scale(Absorption Rate in Months)

5-6 months absorption rate indicates a normal market.

Market Absorption RateComparable Properties

Market Absorption Rate is the number of months it will take to sell the current inventory of homes if nothing new comes on the market and the rate of sales stays the same

5-6 Months Absorption Rate indicates a Normal Market


37 reported ‘pending’ sales in last 30 days

3.8 month absorptionrate

West WindsorAll Listings

=







West Windsor$0 - $500k

=







West Windsor$500k - $700k

=







West Windsor$700k - $1M

=






99 month absorptionrate

West Windsor$1M +

=








=








Single Family

=








=

2. ‘I am going to time the Market and buy/ sell at the time when

inventory & buyer count is in my favor…’

Source: MLS

0

20

40

60

80

100

120

140

160

180

1/7/2007 4/1/2007 6/24/2007 9/23/2007 12/16/2007

Gross # of Guests 2009

Weekly Guests Thru the Weichert Princeton Open Houses, 2009

Source: MLS

Inventory Levels, Princeton Twp. New Jersey, 2009

3. ‘I am going to wait until the price comes down further and then make an offer/ if I lower my

price I will get lower bids…

Source: MLS

Source: trend mls

Relationship of Price Reductions to ‘Pending Sales’

0

10

20

30

40

50

60

70

Princeton Pendings

Princeton Price Reductions

3/16/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

PlainsboroAll Styles

74 18 4.1 36 17 9 12.2% 0 1 7

PlainsboroCondo/ THouses

36 7 5.1 22 15 2 5.6% 0 0 5

Plainsboro55+

17 3 5.7 3 0 - - 0 0 1

PlainsboroSingle Family

21 8 2.6 11 2 7 3.3% 0 1 1

Cranbury:All Styles

24 1 24 5 2 5 20.8% 1 1 2

Cranbury:55+

1 0 99 0 -1 - - 0 1 0

Cranbury: Single Family

23 1 24 5 3 5 21.7% 1 0 2

3/16/10Towns Active







Expired Listings

W/drawn Listings

Closed Listings

Princeton Boro: All Styles 31 1 31 10 6 4 12.9 2 1 3

Pton -Boro Condo/ Thouses 10 1 10 4 1 1 10 2 0 1

Pton-BoroSingle Family 21 0 99 6 5 3 14.3 0 1 2

Pton Twp: All Styles 102 8 12.8 30 21 10 9.8 1 0 6

Pton Twp: Condo/ Thouses 13 2 6.5 4 2 2 15.4 0 0 3

Pton Twp:Single Family 89 6 14.8 26 19 8 9 1 0 3

Source: trend mls


0

10

20

30

40

50

60

70

Princeton Pendings

Princeton Price Reductions

Source: trend mls


0

20

40

60

80

100

120

West Windsor Pendings

West Windsor Reductions

Source: trend mls


0

10

20

30

40

50

60

70

80

90

100

Lawrence Pendings

Lawrence Reductions

Seeing the Opportunity.Seeing the Opportunity.

Seeing the Opportunity.Seeing the Opportunity.

Q. If this were 2005, where would you place the Price and Rate dots?

Prices Rates

High

Mid-Range

Low

A. In 2005, the V would look somewhat like this one, where prices were on the high end of the scale and rates were in the lower range.

Seizing the Opportunity.Seizing the Opportunity.

In recent history, there has never been an opportunity like this, with low prices and low rates. In real estate, this circular area at the bottom of the V is called the “Buying Zone” – it’s an unbelievable time to buy.

Prices Rates

High

Mid-Range

Low

Jeff Smith,

Loan Officer

Weichert Financial Services

Financial Benefits and Financial Benefits and Process of Home-Process of Home-

Ownership.Ownership.

‘I don’t want to buy a house and then watch it drop in value!’

Purchase Price $329,000 Loan Amount $317400

Down Payment $11,515 Monthly P&I $1802

Appreciation/Depreciation Home Value1st Year -3% $319,1302nd Year 0% $319,1303rd Year 1% $322,3214th Year 3% $331,9905th Year 5% $348,5905 Year Appreciation/Depreciation $19,500

Tax Benefit Vs Paying Rent @

$1600/mo1st Year $5,000 $19,2002nd Year $5,000 $19,2003rd Year $5,000 $19,2004th Year $5,000 $19,2005th Year $5,000 $19,2005 Year Total $25,000 $96,000

Total Gain $44,200Create Equity

v Pay Rent

Purchase Price $329,000 Loan Amount $317400

Down Payment $11,515 Monthly P&I $1802

Appreciation/Depreciation Home Value1st Year 5 $319,1302nd Year 3% $319,1303rd Year 2% $322,3214th Year 2% $331,9905th Year 2% $348,5905 Year Appreciation/Depreciation $48,590

Tax Benefit Vs Paying Rent @

$1600/mo1st Year $5,000 $19,2002nd Year $5,000 $19,2003rd Year $5,000 $19,2004th Year $5,000 $19,2005th Year $5,000 $19,2005 Year Total $25,000 $96,000

Total Gain $73,529Create Equity

v Pay Rent

+ The Amortization Schedule on a Loan

Yearly Schedule of Balances and PaymentsYear

Beginning Balance

Payment Principal InterestCumulative

PrincipalCumulative Interest

Ending Balance

2010 $315,646.96 $21,625.92 $4,374.96 $17,250.96 $6,128.00 $24,508.72$311,272.0

0

2011 $311,272.00 $21,625.92 $4,621.30 $17,004.62 $10,749.30 $41,513.34$306,650.7

0

2012 $306,650.70 $21,625.92 $4,881.98 $16,743.94 $15,631.28 $58,257.28$301,768.7

2

2013 $301,768.72 $21,625.92 $5,157.36 $16,468.56 $20,788.64 $74,725.84$296,611.3

6

2014 $296,611.36 $21,625.92 $5,448.28 $16,177.64 $26,236.92 $90,903.48$291,163.0

8

Appreciation (conservitive): $19,500

+Amortization: $20,109

+ Tax Benefit of Home Ownership

$25,000+

Low Interest Rates: $5000___________________

total 5 year gain = $69,609

1 Source: Freddie Mac 2 As reported in the Washington Post 12/26/09 3 As reported on CNBC 12/22/09

• “It's hard to imagine that the rates can go much lower than they are.” ~ Amy Crews Cutts, deputy chief economist at Freddie Mac2

• "I don't think there's any question rates are headed up.” ~ Mark Zandi, chief economist at Moody’s3

Average annual rate (30-year fixed-rate mortgage)1

How Long Will Interest RatesRemain Low?

The interest rate assumption is based on a 30-year fixed rate mortgage.

Today’s rate:

$200,000

5% down payment

$1,019.96

After increase:

$200,000

5% downpayment

$1,139.15$119 difference per month –or nearly $43,000 over 30 years.

Assuming a 1% increase in interest rates.


Today’s price:

$200,000

5% down payment

$1,019.96

After increase:

$210,000

5% down payment

$1,196.10

Assuming a 1% increase in interest rates and a 5% rebound in home prices.

$176 difference per month –or more than $63,000 over 30 years.


Today’s price:

$250,000

5% down payment

$1,274.95

After increase:

$275,000

5% down payment

$1,566.33$291 difference per month –or nearly $105,000 over 30 years.

Assuming a 1% increase in interest rates and a 10% rebound in home prices.

• The first step is to meet with, me, Jeff

Smith!

Establish Establish YourYour Buying Buying PowerPower

The Impact of Pricing on the Salability of Your Home..…

‘Great speech but does it really work?

We know the best way to evaluate pricing

Does this really work?

22. . The Effect of The Effect of StagingStaging on the on the

Value of a HomeValue of a Home..

The process of preparing homes for sale regardless of

Price, Location, or Condition

To achieve the maximum sales price in the minimum marketing time.

The GOAL is to appeal to the broadest range of BUYERS.

The Way You Live In Your Home…

… And The Way We Market And Sell A House Are Two Different

Things.

“The Investment in Home Staging

is Always Less than Your First Price Reduction!”

Buyers Only Know What They See …

… Not The Way It Is Going To Be.

Based on a StagedHomes.com survey of over 400 homes across Canada & the Continental US prepared for sale by an

Accredited Staging Professional (ASP™) from June 2007 through November 2007.

The average increase in sales price of an ASP Staged vs. non-Staged home is

6.9%.That is an additional

$31,050 on a $450,000 sale.

The average marketing

time of an ASP Staged vs. non-Staged home is 80%

less.

3.3.The Effect of ‘The Effect of ‘Pre-Pre-Inspection’Inspection’ on the Sale of on the Sale of

YourYour Home. Home.

What is

‘Pre-Inspection?’

Home Inspection

WHAT DOES PRE-INSPECTION INCLUDE? The standard home inspector's report will review the condition of the home's heating system, central air

conditioning system (temperature permitting), interior plumbing and electrical systems; the roof, attic, and visible insulation; walls, ceilings, floors, windows and doors; the

foundation, basement, and visible structure.

PRE-LISTING Home Inspection

DOESN’T THE BUYER DO THE HOME INSPECTION?

All Negotiations, including real estate, are all about negotiation and control.

Who is in control?

Right Price

Right Staging

All Repairs are done in advance.

Offer a Home Warranty to the buyer..

PRE-LISTING Home Inspection

Data on where most sales fall apart: attorney review, home inspection.

Fall Thru Percentage 2007: 26%Fall Thru Percentage 2008: 10.2%.

Home Improvements

I am moving out of the house, I do not want spend too much money to move.

Or

I just spent $$ on a new kitchen, I want $$$$$$ back on that investment when I move.

Reality of today’s market is that you will see the return on your investment not in an inflated sales price but in retaining the highest percentage of your list price and staying on the market the fewest # of days.

Please consult with your Realtor & staging professional as to which improvements you should finish to make your home the most salable.

Weichert Family of Companies

What will a real estate company

do for me?

Making Your Purchase as Making Your Purchase as Smooth as PossibleSmooth as Possible

Buying a home involves the careful coordination of many people.

Choosing a real estate team you can count on will make the process smoother

and easier.

• Time is money.

The Weichert The Weichert DifferenceDifference

• Stress kills.

• Time is life.

Educate You.

Negotiate on your behalf.

Offer advice on due diligence.

Manage all aspects of the transaction

process.

What Will a Weichert Agent Do for Me?

We’re Here to HelpWe’re Here to Help

The Entire Process is reviewed by Legal Council.

Become a Fan!

www.facbook.com/weichertprinceton

www.slideshare.net/jdwiltonwww.slideshare.net/jdwilton

Presentation available at all 3 sites, download file through Monday.

Resource and website list:

Realtor.org

http://www.facebook.com/pages/

NAR-Research/73888294183#

Remodeling.com

Resource and Website Resource and Website ListList

http://www.realtor.org/research/research/housinginx

Remodeling.com

www.Otteau.com

www.Pre-listing-inspection.com

Resource and Website Resource and Website List:List:

www.Housemaster.com

www.Stagingshoppingcenter.com

Resource and website Resource and website list:list:

www.Stagedhomes.com

www.realestatestagingassociation.com

www.foreclosurepoint.com

www.realtytrac.com

May 2010 market update presetation

Real Estate

Transcript of May 2010 market update presetation