There are several things going on in my Basking Ridge Real Estate world that I thought I would share.
Moving sale at 11 Archgate Road in Basking Ridge
Friday, 6/24 from 9am – 2pm and Saturday, 6/25 from 9am – 12pm. Priced to Sell. Loads of kids toys, clothes, games and books. Household items, furniture, storage, etc. Too much to list. Take Lyons Road to 11 Archgate Road.
Featured Open Houses
22 Lyons Place from 1:00-5:00 on Sunday, 6/26. The list price on this home was just reduced from $519,000 – a great opportunity for a first time home buyer or someone looking to renovate, remodel or build on what is almost an exact acre in the heart of Basking Ridge.
258 Alexandria Way from 1:00-4:00 on Suday, 6/26. This open house is still tentative – watch the internet for confirmation. A Greenbriar model in Spring Ridge, this unit features a newly finished basement, newer windows, hardwood floors, new carpet and a gas stove.
Loan limits
On September 30, the cost of a mortgage could rise significantly as Congress is consiering lowering the mortgage loan limits for FHA and GSEs. Currently, in Somerset County the FHA loan limit is $729,750 but it is proposed to be reduced to $625,500. This will add a hurdle for even well qualified buyers by reducing affordability. This is not something we need now, not as our markets are just starting to level off. The real estate community is working hard to keep mortgages affordable – campaigning to keep the current loan limits.
Basking Ridge Real Estate – information for you
If you are considering moving into or out of Basking Ridge, this might be the best time to do so! Get your house on the market and SOLD before the loan limits change. Summer typically is a slow time, however, the last few offers I have written were presented in competitive bid situations – there ARE buyers out there and I can help you find them for your Basking Ridge home.
Search homes for sale in Basking Ridge or get your home’s value in today’s Basking Ridge market.
