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The Egri Edge: Your NJ Real Estate Roundup This Week’s Blog by The Egri Team The market's moving—fast. Here’s how New Jersey homeowners and buyers are staying one step ahead:
Ready to make moves in a shifting market? We’ll help you map the next step. 👇 |
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Thinking of Selling? Here's What Actually Pays Off Waiting for the “perfect” moment to sell? You're not alone, and you’re not wrong to hesitate. But here’s the truth: 🕒 Timing the market rarely works. 🛠️ Preparing for it always puts you in control. Why Playing the Waiting Game Can Cost You There’s no blinking sign that says Now’s the time! By the time it feels “safe” to list, the opportunity often slips away. Prep = Power Getting ready doesn’t mean you need to list tomorrow. It means you’re setting yourself up to win when the right moment comes. 📍 Whether you're in Edison, Woodbridge, Metuchen, or Sayreville, this kind of prep puts you ahead of the curve.
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Think Waiting for Rates to Drop Will Help? Think Again. Interest rates have everyone talking. But here’s what most buyers miss: Waiting can cost you more than you think. Why “Later” Could Mean Losing Out In today’s market:
The longer you wait, the more competitive it gets. And by the time rates change—if they ever do—you might be staring at higher home prices or lost opportunities. Confidence Beats Hesitation Market noise and shifting headlines create uncertainty. But that shouldn’t hold you back. With the right guidance, you can cut through the noise, know your options, and make confident moves that align with your goals. 📩 You don’t have to figure it out alone. We’ll help you make every step clear and doable.
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Inventory Climbs Again—What It Means for NJ Buyers & Sellers For the second straight month, home listings in New Jersey jumped more than 20%—a clear sign the market is shifting. June brought 17,277 active listings statewide, up 22.3% from last year and 5.18% from May.
Wondering how this affects your move? Let’s unpack the data.
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Function Sells: Why Buyers Want Practical Over Pricey New Jersey’s real estate market is holding strong from Bergen County to the Shore—but so is the competition. Today’s buyers aren’t chasing marble finishes or designer labels. They’re asking one simple question: Does this home make everyday life easier? And that’s exactly where smart, practical upgrades are making a difference.
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Selling Your Home in NJ? 46.2% of Owners Could Face a Costly Surprise If you’re a homeowner in New Jersey, there's a growing risk you can’t afford to ignore: 📉 Nearly half of sellers could owe thousands in hidden home equity taxes. A new analysis from the National Association of Realtors® reveals that 46.2% of New Jersey homeowners now have more equity than the IRS allows to be tax-free—and 12.7% exceed the cap even for joint filers. The Tax That Time Forgot The capital gains exclusion was set in 1997:
But home prices have skyrocketed since then—up over 260% nationwide. What does that mean? If your home has appreciated beyond those limits, you could be on the hook for federal and state taxes when you sell.
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Why Jersey Shore Rentals Are Suddenly on Sale If you haven’t booked your Shore getaway yet, this might be your lucky break. A cool, rainy spring—and a dose of economic hesitation—led to a slow start for summer rentals across the Jersey Shore. Now, vacancies mean discounts, and savvy vacationers are jumping on newly lowered rates. What’s Fueling the Dip? Local agents point to two main factors:
But once the summer heat arrived, so did the calls. “Since the heat got here, the phone has been ringing off the wall,” says Bill Hodgson of Island Realty in Surf City. And that last-minute wave means deals are out there—especially if you’re flexible.
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Copyright © The Egri Team Brokered By KW Elite Realtors. All rights reserved. |
Contact us: 732-516-8924 | website: https://www.teamegri.com/ |