Title Wise
The New Jersey Real Estate News You Can Use
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Greetings!
What should we be expecting for 2021? One thing for sure, the Jersey Shore clearly is going to continue to attract tourists and renters, along with the people who bought up homes in 2020! This is going to be good news for the State's revenues, which will see a dip from businesses negatively affected by the pandemic. In addition to the prospects of a good Summer '21, mortgage rates are expected to continue to flat-line in the 2.8%-2.9% range.
Whatever the final outcome of this economic and health pandemic, watchfulness is definitely called for.
Please feel free to email me at ralph@counsellorstitle.com if you have any questions or would like to follow up on any of this edition's articles.
Ralph Aponte
732.914.1400
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Monmouth County Expecting Strong 2021 Beach Revenues
Everyone back in May and early June of 2020 had no idea what impact the COVID-19 pandemic would have on beach revenues. With all the lockdowns and social distancing restrictions, it seemed inevitable that beach pass revenues would be down significantly.
But somehow, the most negative projections proved not only to be false, but they were insanely wrong, even with all the paranoia and restrictions.
What took place was a record-breaking beach badge revenue dream for last summer. What happened was a surge of beach attendance that beat the numbers for 2019.
It seemed that the surge of beach-goers tracked the surge in real estate sales. The city exodus brought more people to the less populated regions of Ocean and Monmouth Counties.
The Federal CARES Act funding helped many local businesses not only survive but thrive amidst this economic disruption.
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Fannie Mae Projects 2021 Rates of 2.8% |
Not all players in the mortgage industry are saying the same thing when it comes to projections for mortgage rates in the future.
■ Fannie Mae projects that the 30-year fixed rate could stay at 2.8%, and rise to 2.9% in 2022.
■ Demand for mortgages has remained strong throughout 2020, exceeding 2019 demand as total home sales will increase 5.7% this year over 2019, to 6.37 million units on a seasonally adjusted annual rate basis, according to Fannie Mae.
■ This demand is compounded by the 21.5% increase in new-home sales and increase in existing-home sales by 3.6% on a year-over-year basis.
■ Fannie Mae is projecting that home sales will somewhat flatten out, projecting an increase of 0.8% for 2021.
■ The Mortgage Bankers Association is not seeing the rates staying at the under 3% level, but actually is projecting the 30-year fixed mortgage to go from 2.9% in the current quarter to 3.3% by the end of 2021 and to 3.6% by the end of 2022.
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1. Fight Against Fear. The first thing experts tell us to do is write the fear down. Putting the fear down on a piece of paper has a powerful effect of taming it. Once you have it in front of you, write down the one thing you can do to kick it to the curb. Remember, fear slows you down and makes you hesitant.
2. Make Daily Progress. Create a folder for any goal. In it describe what you need, how you will get it, what is the deadline for it? Who will be helpful in bringing it about? If you don’t know what to do, ask for help. Life is a team sport. Be Practical. Be Positive. Be Proactive.
3. Accept what has happened (like the pandemic). What first step forward can you take on Monday? What is the next step forward you can take on Tuesday? Do the same thing on Wednesday. There will always be resistance when we are trying to get our mojo back.
4. Put together the tools that you will need to accomplish these objectives. One FREE tool is a good planner. I discovered a great planner that includes a daily, weekly and monthly planner.
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Counsellors' Improved Settlement Services |
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A.S.A.P. Attorney Settlement Assistance Program
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Our real estate secretarial services are able to assist you in every aspect of the sale, purchase, refinance or loan closing process. We will directly communicate with all the parties involved in the transaction and coordinate and obtain all the items necessary to bring the matter to closing.
Our ASAP services can be individually customized to fit your needs. These services include:
- Documentation Preparation
- Disbursement of Funds
- Attendance at Closing
- HUD Preparation or
- Post-Closing Matters
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Our Commitment to Excellence |
Counsellors Title Agency wants to thank you for the opportunity to work with you and your clients to grow your business. Please feel free to click the link above or here to leave us a review on Google. We appreciate your business. |
Sales: Leading NJ title insurance agency seeks experienced licensed salespersons to help expand its market share throughout the entire state. Benefits include health insurance, 401k with an employer match, flexible spending account, expense account, & marketing support. Send resumes by fax: 732-914-8898 or ralph@counsellorstitle.com
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Free Online Title Insurance Calculator |
Counsellors Title Agency announced its updated Title Calculator for New Jersey home purchases & refinances at: Title Calculator
Loan officers, real estate agents and home buyers can find out how much title insurance will cost for purchases made in New Jersey.
Easy-To-Use Functionality
This online tool includes many of the endorsements involved in calculating the cost of a title policy in New Jersey. CTA's Title Calculator is a great tool for real estate salespersons, loan officers, attorneys and those who are buying or refinancing their home.
It calculates the cost of title insurance based upon the purchase price of the home, the loan amount, and the various endorsements that can accompany the loan. The calculator provides the user the scalability of selecting the various endorsements involved in the transaction.
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Handy Guide to Real Estate Sources |
Here are some of the most widely used governmental websites for the real estate industry.
I look forward to being of service to you, providing you with outstanding real-time information and some humor to make doing business a pleasure.
Sincerely,
Ralph
Ralph Aponte
Counsellors Title
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Counsellors Title Agency, Inc. specializes in providing title insurance, title search services and loan closing services serving attorneys, Realtors, banks and various mortgage companies throughout the State of New Jersey. CTA offers full search and insurance capabilities within all 21 counties of New Jersey for commercial, residential and new construction purchases in our Toms River, Freehold, Chatham, and Union locations.
CTA is equipped with the latest digital technologies to ensure a complete and timely transaction.
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Mr. Ralph Aponte
Our Office: 504 Hooper Avenue,
Toms River, NJ 08753
Phone Number: (732) 914-1400
Fax: 732-914-8898
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