After years of slumping home prices the end in the real estate bust may be in sight according to the December issue of Money Magazine.  Home sales are rising and inventories are shrinking.  Most economists believe values had hit bottom the second part of this year.  Prices should stay flat for another year or two until 2012 but the lions share of damage is behind us.

I took another offer on 9 Cleveland today that marks the third one on the property in the last  6 weeks.   Since we lowered the price last month the home has seen a huge amount of interest.   I can not say it enough times a home correctly priced to the current market will sell quick.  Buyers have the very same information sellers have concerning home values in a particular area.  No buyer will over pay for a home, they have a wealth of information available to them.  These buyers today are intelligent well informed people.  I am afraid that some sellers underestimate just how much buyers today know about the local market. 

When listing your house listen to the agent if they present to you documented proof that your home is worth “X” believe them.  They are in the market everyday they know what houses sell for and why.

I drove down to Maryland and picked up John on Friday.  I got down there turned around and was chased by the snow all the way up 95.  He had a great semester and it is good to have him home.  His brother missed him as well.

Hey lets give the Morris Plains Road Department a hand.  They did a great job plowing the streets after last weekends storm.  Most of the side streets where cleared by mid Sunday Morning.  Here are some pictures of town after the storm.

Here is the Dickens Quote   “The school is not quite deserted,” said the Ghost. “A solitary child, neglected by his friends, is left there still.”

Thanks for Reading Morris Plains Homes NJ

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Bob Sittmann

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