"I am available to all of my clients every day of the week.   I keep a high speed internet connection active home, office, car and at every open house and worksite!    I do not waste my client's time with poorly prepared documentation,  offers from unqualified buyers or incompetent real estate agents.  Our obligation as agents first and foremost is to serve and protect our clients.  If you need help selling your home, managing your income property, or simply need advice, please feel free to call me anytime  at 732-229-6800 ....  Eddie"

Important information to know..

  If you are still shopping around for a broker to list your home, or have already chosen one to represent you, there are a few things that are important for you to know.  Your broker has obligations that not only effect the efficient marketing of your home, but also legal liability issues that could adversely effect the agent, their broker and you!

  When you list your home for sale your broker will provide and explain to you a Consumer Information Statement declaring their status of agency. You should sign this form to acknowledge receipt as your prospective buyers should do.  In addition you will be asked to fill out and sign a lead paint disclosure form which will indicate your knowledge or possession of records regarding the possible existence of lead paint on the property.  This form is then presented to each potential buyer and will offer then the opportunity to test for lead.  Although these forms are required by law, some brokers still do not know how to utilize them.  If they are not offered to you, make sure you ask for them.

  Once listed, your home should be entered into the Multiple Listing Service within 48 hours of taking your listing.  Make sure you ask for a printout of your listing to be sure this is done.  Prompt marketing and dissemination of information to cooperating brokers is essential to the efficient marketing of your property.  Do not let a broker waste your marketing time while trying to retain more of the commission for themselves at your expense.

  Once an offer is accepted, remind your broker that it is their legal obligation to present every written offer to you until you are out of attorney review and to make you aware of every written offer made until the closing of title.  A broker who dissuades other brokers from presenting offers only impedes your ability to receive the best price and the best qualified buyer for your home.

If you have any questions concerning these issues, please feel free to contact us anytime.

Email us now at sales@njproperty.com  for more information.

To my current and potential clients, investors and families:     

    Obviously,  as we know all to well, the over inflated real estate market of the past few years is long gone.   I have been disturbed by some brokers who a year ago would look at you right in the face and tell you that they are "busy as ever and there is no sign of it slowing!"  When I heard them trying to convince that to the public it really bothered me.  In the teachings of one firm, they tell their agents that "you can't get a price reduction on a listing you don't have!"  Seems as though they want their agents to tell potential sellers that their property may sell for more than it realistically can, just to get them to sign a listing agreement.  That is just not right.  Why won't they just be honest with the homeowners as I always have and work with them on a marketing plan depending on the seller's needs?  That may or may not start out with a high asking price seeing what activity they get, and then lower it until it's sold.   What if  the owner had wanted it aggressively marketed to sell fast before the market worsened further, but eventually sells at even a lower price than it may have due to wasted time at an unrealistic price set by a listing hungry agent, scaring away otherwise would-be purchasers.  I hear horror stories like this from people I meet every day. 

    Shoreview Realty has little overhead.  Our office and building have been debt free for years.   We have no franchise fees to pay to some national big brother corporation.  All of our office equipment is the latest in high tech and state-of-the-art.  We have done very well over the years and I'd like to return the favor back to our community.   For the most competitive commission rates you will find anywhere, we will list your home with complete, extensive full service exposure along with experienced, knowledgeable advice.  Call me anytime, day or night.  You will not find more professional, honest service.

Christie Executive Order Freezes Proposed Real Estate Regulations

On January 20, 2010, Governor Chris Christie signed Executive Order No. 1, which freezes over 100 proposed rules and regulations that have not yet been adopted. Among these are three proposed rules that NJAR^® submitted comments in opposition to last year. The proposed rules of interest to NJAR^® that Governor Christie froze relate to:

• New Temporary Certificates of Occupancy (TCO) Requirements- a Department of Community Affairs rule proposal which would have prohibited TCO's from being issued for newly constructed buildings subject to payment of the non-residential development fee until evidence of payment of this fee is proven. View the comments submitted by NJAR^® opposing this rule proposal.

• Changes to the Uniform Construction Code- a Department of Community Affairs rule proposal that would have increased the cost of newly constructed housing by creating mandatory fire sprinkler and energy efficiency requirements. View the comments submitted by NJAR^® opposing this rule proposal.

• New Testing Requirement Under the Private Well Testing Act- a Department of Environmental Protection rule proposal that would have added perchlorate to the list of chemicals that must be tested for under the Private Well Testing Act. View the comments submitted by NJAR^® opposing this rule proposal.

FHA Imposes Floor for 3.5 Percent Down

    The Federal Housing Administration (FHA) announced major underwriting changes to strengthen its reserves while maintaining the agency's critical position in the mortgage market at a time when its federally backed loans comprise about 40 percent of the market. Among the changes: an increase in the up-front mortgage insurance premium by 50 bps to 2.25 percent; a FICO credit score floor of 580 for borrowers to qualify for the agency's 3.5 percent minimum down payment (other borrowers must put down a 10 percent minimum); and a reduction in seller concessions from 6 percent to 3 percent of the mortgage amount. For further details, access NAR's brief on the FHA changes.

Legislation Permitting Rebates Becomes Law, REC Advisory Pending

    On January 19, 2010, former Governor Jon Corzine signed A-373 into law, which permits rebates to be provided to consumers in real estate transactions. NJAR^® has adamantly opposed this measure since it was first introduced in the state Legislature in 2006.  However, as the bill moved forward, NJAR^® negotiated several amendments with the sponsors that increase consumer protection.

    Although this new law took effect immediately upon being signed, the New Jersey Real Estate Commission (REC) must adopt new regulations necessary to implement it, thereby allowing licensed brokers to offer rebates without contradicting the REC's regulations. The REC will most likely be sending out an advisory concerning rebates to further clarify the law in February. If you have any questions about how to legally offer a rebate, please contact the REC at (609) 292-7272. Stay tuned to NJAR^®'s rebates webpage for more details on this law as they become available.

President Signs Legislation to Extend and Expand Tax Credit...

Governor Signs Underground Storage Tank Funding Law...

 us now at: sales@njproperty.com

Shoreview Realty Inc. is a licensed real estate brokerage in the State of New Jersey.
 P.O. Box  30,   Long Branch,  New Jersey  07740-0030

All photography and webpage design by Edward F. Thomas, Broker/Realtor