Episode 17 Life and Living At The Jersey Shore

Welcome to Episode 17 of Life And Living At The Jersey Shore. May 4, 2011
It is filled with Real estate tips, trends, statistics, fun things to do in southern ocean county. The web cast is funny, informative with lots of Tom’s wisecracks.




In this episode:


Here are this week’s market stats:
This week’s sales statistics cover Eaglewood, Little Egg Harbor and Tuckerton Boro. We have a total of 571 active listings and in the last year a total of 269 units sold. Amanda, it’s amazing that this is the third week in a row that the numbers were so close both active and sold. I can feel a buzy season coming up.

Fun stuff in Southern Ocean:
BINGO! On Sundays and Thursdays at 7:00 PM you can play at St. Mary’s Parish Center located at the intersection of Rt 72 & Rt 9 in Manahakwin. You can call for more information at 609-698-5531
And you play at the Elks Lodge, 520 Hilliard Blvd., Manahawkin. On Mondays from 5 p.m. and Wednesdays from 7:30 p.m. So there are 2 places in Southern Ocean County.

Our real estate glossary:

Condominium: A condominium is an property where your ownership is strictly from the inner walls into the unit. (From the sheet rock in). You will most often find a condominium constructed apartment style – one on top of the other. That’s possible because the ownership of the exterior of the building (the roof for instance) is the responsibility of the condo association. That’s one reason condo association fees tend to be higher than other home owners association fees.
Townhouse: At townhouse is a single family home which happens to be attached to another single family home. Sometimes they are called row homes. Where a whole group of row homes are built in a complex and the deed includes restrictions of use – called the by laws – a home owners association is created to care for the common areas: grass cutting, snow removal, paving and striping the parking areas, etc. Fee here tend to be less because the homeowner is typically responsible for the exterior of the unit.

A Smart Home Seller: Well we learned yesterday that the FHA has lowered their bottom credit score to 620. It was 640 and that’s huge. So many people are penalized for having low credit scores and sometimes they were victims of temporary problems like a job layoff and medical leave. A couple of missed or late payments and their credit score drops. With this new, lower score we will be able to put so many more people into homes with only 3.5% per cent down.
My 2 Cents:

One last comment to Osama Bin Laden. Ten years, two wars, too many lives and trillions of dollars. Here’s an idea: next time send the SEALS in first!

Home of the week:

This weeks’ featured home is 168 Gunwale Road, Manahawkin, a great 3 bedroom 2 bath colonial with formal living room, formal dining room, large family room, eat in kitchen and a huge Florida room leading to a deck with an oval above ground pool. The landscaped yard is accented with a koi pond, and the tool shed is, in reality, a sports bar! Located in Ocean Acres section of Manahawkin, this home is 5 miles to the beaches of Long Beach Island, near restaurants, shopping, boating, fishing and just 30 minutes from Atlantic City. This home comes with a 1 year home warranty. Call today to see this amazing home!
Again this we had our mortgage guru’s work up the numbers. Get this: 168 Gunwale qualifies for a USDA NO MONEY DOWN mortgage. Based on the asking price of $259,900.00 the total monthly payment for this property (including principal, interest, taxes and insurance) would be ONLY $1883.52 For qualified buyers. Based on 5% interest rate - 30 year fixed rate 0 points. Interest rates subject to change.

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Brought to you by The Tom Smith Realty Group, Thomas J Smith and Amanda Nichols. For more information call/text 609 709-1429 visit: www.Sellertom.com Tom@sellertom.com