What does "ABR" mean, and why should it matter?

The ABR® Designation is awarded through the Real Estate Buyer’s Agent Council, or REBAC, which was founded in 1988 to promote superior buyer-representation skills and services. REBAC is an affiliate of the National Association of REALTORS® (NAR).

Buying a home is no small matter. Besides being the largest financial transaction you may ever undertake, it’s probably also the most complex. There are many good reasons to work with a qualified real estate professional—especially a trained professional who has earned the Accredited Buyer’s Representative (ABR®) designation, representing best-in-class buyer services.

When you look for an ABR® before you look for a home, you’ll be served, not sold. Your interests become their interests. And you’ll be working with someone who has gone the extra mile by completing specialized training in delivering the best in buyer-representation services. Plus, a REALTOR® who has an ABR® Designation also has an established track record, with proven experience in representing the concerns of home buyers.

ATTENTION ALL RUNNERS... Lace up your running shoes!

Come join in on all the running (or walking) fun of Krogh's Annual Turkey Trot in Sparta, Thanksgiving morning, to benefit the Sparta Education Foundation.  Before guests arrive, before football games take over your television and before the feast, come walk, run, jog, skip or trot and have fun while making a difference!  With a 1-mile fun run for children at least 5 years old, it's fun for the whole family!

Find all the information you need regarding the event and registration by clicking here.

D&L PowerTeam's Real Estate Tip of the Week

Do you know the best way to go about selling a home and buying a new one so that you won’t get stuck with two mortgages?

It’s best, where possible, to put your home on the market early enough so that you won’t be caught in a two-mortgage situation. That way, should you sell your old home before you locate a new one, you can:

• Ask your buyer to settle on a mutually-convenient closing date that allows you more house-hunting time.
• If an earlier closing date is unavoidable, you might be able to sell, then rent your home back from your buyer until you find a new home.
• If your buyer must move in before you find a new home, you can rent a home in the area where you’re house-hunting.

If, on the other hand, you must buy a new home before you’ve sold the old one, one of these interim methods may tide you over:

• If the seller of the home you want to buy agrees, you might be able to make your purchase contingent on selling your old home within a specified time. Under these not-ideal circumstances, the seller may agree only if the home can be kept on the market while waiting for you to sell yours. If the seller receives another offer during this waiting period, you may be given the opportunity to meet the new offer or bow out.
• If you have a purchase contract on your old home, but the closing date is some time off, you might take out a bridge (or swing) loan, using the equity in your old (and also, sometimes, in your new) home as collateral.
• If you have accepted a transfer offered by your employer, you may receive programmed relocation assistance, which will probably cover a portion of the costs of selling your old home and buying a new one (including a bridge loan of some sort). Your company may engage a third-party relocation management company to sell your old home.If, however, your company has no relocation program, it may still assist you with the financial aspects of your move.

Each selling/buying situation is unique. If you are uncertain about which steps to take, let’s talk things over. Our experience can help you decide what to do, when and how.

HUGE Price Reduction!!!

JUST REDUCED TO $435,000!!!

Majestic high Victorian with a most dignified setting. Built c1900, this stately home features all of the period refinements---oversized rooms with 11 ft ceilings, chestnut wood trim, stained glass, hardwood floors with in-lays, original brass fixtures, enhanced moldings, steam radiators, servant's quarters & so much more.

Outside, you'll enjoy the wrap-around porch with fans--the perfect place to gather & relax! Enjoy the inground pool surrounded by juniper, magnolia and quince trees. Newer roof (less than 5 yrs old), newer boiler, water tank, pool liner, electric dog fence, central vac. Come visit this magnificent home today! 

Just Reduced... Motivated Seller!!!

JUST REDUCED TO $525,000!

Traditional French Colonial in New Jersey's "Best Kept Secret," Green Township.

* 4 Bedrooms, 3 1/2 Baths

* 2.7 Acres of Property

* 5 Garage Bays, Attached & Detached

Find much, much more information and pictures at www.3FoxHollowWay.com

New on the Market!

Custom Lakefront in Frankford Twp

* 2 Bedrooms

* 1 1/2 Baths

* Concrete Bulkhead

* Newer, all metal dock w/ lift

*Gazebo

For more pictures and information, please visit www.66lowernorthshore.com

Sussex County Statistics

Good Morning and Happy Friday to you!  We thought we'd keep you up to date with what's going on in Real Estate in Sussex County, New Jersey.  As of today, August 31, 2012, there are 1,938 homes on the market.  In the past thirty days, 131 homes have gone Under Contract and in those same thirty days, 158 have SOLD.  What does this mean in regards to the current inventory of 1,938 homes??  It means that it should take just a little over twelve months to clear out!  This has been a positive trend, and we hope that the market will pick up for everyone.  For buyers, what a great opportunity you have with the lowest interest rates in our country, while home prices are low.  It's the perfect storm!  Buy now... don't miss the boat!!

SCAR Annual Golf Classic 2012

Sussex County Association of REALTORS Annual Golf Classic will be held Tuesday, October 2, 2012.  

Go to www.SCARGOLF.org for registration and information.

JUST LISTED... Luxury Home in Sparta, New Jersey

Toll Brothers Mercer Model in Sparta Chase, a Luxury Home Community

* 4 Bedrooms

* 2 1/2 Baths

* Newly Finished (and HUGE) Basement

* 1.67 Acres of Beautifully Landscaped Property

* INCREDIBLE PRICE!!!

For more pictures and information, please visit www.48morgandr.com