Circle Infiniti

Around Town
Colts Neck Cares 1st Annual Benefit for Bella
Bright Lights & Holiday Magic
Raritan Bay Medical Center Begins New Construction
Ask The Experts
AskThe Experts - Lawrence Durso
AskThe Experts - Virginia McDonald
Ask The Experts - Premier Pain Centers - Peter S. Staats
Bay Wellness
Bay Wellness - Welcome to our newest issue
Bay Wellness - Making Weight Loss a Family Affair
Bay Wellness - Physician Focus: Steven R. Berkman
Best Bets
The Guide 2015 - Casale Jewelers
The Guide 2015 - Richmond County Country Club
Best Bet - Gerald Peter's Gold Mine
Black Book
Cover Story
Jim Babjak - Blow to Smithereens
Jon D’Agostino - A Little Bit City, A Lot Bit Country
Felicia Stoler: Spreading Health With A Little TLC
Daytripper
Medieval Times
Day Tripper - Lakota Wolf Preserve
Day Tripper - Mountain Creek Resort
Eats
Monmouth Eat Beat - Ama Ristorante
Staten Island EatBeat - Arena Steakhouse & Lounge
Dish - Summer Guide 2014
Etc
ETC - Beach Bias
Etc - Tired, Busy, Distracted, and Resigned
Etc - School Daze
Fall Guide
Fall Guide - Kids Activity
National September 11 Memorial & Museum
Fall Guide - Performing Theatre
Featured Artist
Featured Artist - José Serrano
Featured Artist - Amy Puccio
Featured Artist - Dorothy Kaplan
Gift Guide
Gift Guide - Tommy’s Coal Fired Pizza
Best Bet - DoubleTake
The Guide 2015 - George Wall Ford Lincoln
Health Talk
Health Talk - Ragui Sadek MD FACS
Health Talk - Brian Long CareOne Senior Care
Health Talk - The Compounding Facility
Health, Wellness & Beauty
Health - Rumson Therapeutic & Sports Massage Center
Health - Hammer House
Health - Air Doctors, Inc.
Holiday Buzz 2014
Holiday Fun in the City: NYC & PHL
Weigh In - What famous person would you invite to your holiday table?
Bright Lights & Holiday Magic
Homes
Richard and Nancy Cohen
Traditions - Monteforte
Riverside Living
Letter
Spring has Sprung!
Letter to Colts Neck: Falling Into Good Times
Warm Winter Wishes
Living in Colts Neck
La Bella Vita!
Writing a Legacy with Superintendent Dick Fitzpatrick
Gratitude in Guatemala
Newsletter Articles
Health - The Lombardi Plastic Surgery Center
The Home - Millenium Stone Works
Michael Hurst Named Managing Director of Two River Theater Company
Our Picks
Our Pick - Lauren Leo, Agent State Farm Insurance Company
Our Pick - Tom Rostron
The Home Guide - Ace Aluminum
People On The Move
People On The Move - Jennifer Jacobs
People On The Move: Joe Hsia
People On The Move: Stephen Weston
Summer Guide
Weigh In - What Annoys You Most About The Beach?
Where Heritage Meets The Sea
Weigh In - My Favorite Jersey Beach
The Bay
The Bay - Can The Weight Be Over?
The Bay - $1 Million Emergency Department Expansion Opens
The Bay - National Stroke Awareness Month
The Guide
The Guide 2015 - Rosen Decorators
The Guide 2014 - Male Ego Barber Spa
The Guide 2014 - Above
The Home Guide
The Home Guide - California Closets®
The Home Guide - The White Sands Oceanfront Hotel & Spa
The Home Guide - Chelsea Kitchen and Bath
Weigh In
Weigh In - If you were president.....
Weigh In - Which Halloween mask wins the creepy award?
Weigh In - Role Models

Ask The Expert - Beth Thomas-Edwards
02/09/2009

Ask The Expert - Beth Thomas-Edwards

Beth Thomas- Edwards
Mack-Morris Beth Thomas-Edwards, Inc. Realtors
Holmdel, NJ
(732) 946-0600



Beth Thomas-Edwards is Broker of Record and President of Mack-Morris Beth Thomas-Edwards, Inc. ealtors, an independent and full-service real estate agency. Beth founded Mack-Morris 23 years ago. The firm has remained #1 in total sales and listing volume for Holmdel and Colts Neck combined for the past 9 years, as shown in Multiple Listing Service statistics. Mack-Morris is a unique boutique, successfully competing with national franchises. Beth still enjoys working with clients and remains extremely successful and highly respected in the real estate industry.

 

What is the biggest myth about the real estate industry?


The real estate industry has its ups and downs. We are presently in a down market, also called a buyers’ market; home prices have been plummeting. There have been many bank foreclosures and short sales due to the adjustable-rate mortgages and homeowners over-improving their properties. The positive aspect is that interest rates have dropped to an all-time low. This is the time to invest! Home sellers might lose some profit, but they gain lower interest rates in purchasing a new home. Prospective home buyers have a lot of inventory, low prices, and great interest rates to choose from.


What are the key criteria one should use when hiring a listing agent?


Call three real estate professionals, look at each agency’s website, check your local newspaper, and ask each agent to do a thorough inspection of your property. They will recommend any repairs. Have them do a market analysis using the past 6 months’ comparable sales in your immediate area. Ask for a marketing program. Does that agent invest his own money for a virtual tour, pictures, and a color brochure? Does he/she arrange for open houses? The agent you choose should call you weekly, present all written offers in person, make sure the prospective buyer is qualified, and guide you through contract negotiations. They will confirm inspections, additional deposits, and the buyer’s mortgage process, and should accompany you to the closing.


What are the key criteria in hiring someone as a buyer’s agent?


A buyer’s agent works strictly for the buyer. The agent should know current market conditions, show all homes in the area that meet the buyer’s criteria, and obey the buyer’s instructions. All relevant information should be disclosed to the buyer, including known facts affecting the property value, the length of time the property has been listed, the seller’s need to sell, the willingness of the seller to accept a lower price, and the buyer’s ability to obtain the property at the lowest price. After an offer is made, a market analysis should be provided using comparison sales in the immediate area over the past 6 months. The buyer’s agent must give their undivided loyalty to the buyer but deal fairly and honestly with the seller.


What makes for a smooth closing?


Every seller and buyer should use a real estate attorney. Once attorney review has ended, three contingencies have to be met in a timely process: the buyer’s second deposit, inspections, and a mortgage commitment. If there are any issues on inspections from a licensed inspector, those must be renegotiated through the attorneys. The seller must obtain a certificate of occupancy. The buyer’s attorney will do a title search and survey. On the day of closing, the selling agent will do a walk-through with the buyer to make sure maintenance of the property has been kept up, all included items are intact, and all appliances are in working order. Both listing and selling agents should attend the closing in case any problems should arise.




Advertisers

Sussan Greenwald & WeslerEagle Oaks




Powered by eDirectory™