Title Wise
The New Jersey Real Estate News You Can Use
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Greetings!
The new normal of inventory supply shortages of between 1and 2 months is going to be around a while. In our industry, everyone is learning to adapt. The emphasis on building out your digital platform is critical to the next phase of our industry. But as new construction fills in some of the gaps, our networks will need to include teams of people who work in concert with each other.
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
Founder & President
732.914.1400
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At the core of this market is the fact that there is a new generation of home buyers entering this very constricted real estate market with very limited options. So, with high buyer demand, and even higher interest rates, housing will continue to appreciate, but probably not at the trajectory we had become accustomed to over the last 18 months. Currently the interest rate for a 30-year home mortgage stands at 4.25%, which represents nearly a 180% increase in the last 12 months.
It will be interesting over the next two months to see exactly what does occur as we enter the heart of the real estate buying market. These are the months when people have to make those buying decisions based upon jobs and schools for the children.
Some of the experts, which includes the Mortgage Bankers Association, are projecting that 2022 will represent a $1.7 trillion purchase market. A large part of this record demand will be due to the highest median price of a single-family home in history, $350,000. Even though this is a significant decrease from the $3.9 trillion purchase market of 2021, the housing demand continues to be very strong. Some of the demand is also the result of sellers looking to locate to lower cost, lower maintenance housing markets, specifically from the Connecticut, New York and New Jersey regions, to North Carolina, South Carolina, Florida and Texas. There is a concern that with the appreciation of homes, the real estate taxes people pay might trigger a new wave of sellers into lower tax states.
Housing Starts
In 2021 it was reported that single-family housing starts hit 1.123 million, which is the highest on record since 2006. As mentioned in earlier blogs, builders are finding the availability of buildable lots in very short supply. It is not just single-family homes that are in short supply but also buildable lots. Builders are also facing historic price increases for lumber and other building materials. There is also a significant shortage of skilled laborers. In some areas, such as Montgomery County, Maryland, 85% of buildable land is already developed.
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As a customer, or a potential customer, you know the importance and value that title services deliver to the overall customer experience.
The Counsellors Commitment
Counsellors Title services and products are designed to help you reach the next level in your business. Let Counsellors' team work to show you just how much more effective you can be.
Reach out TODAY to speak with me to learn more.
732.914.1400
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It takes energy to market yourself in this economy, especially when some of the marketing initiatives you will have to undertake will be new, requiring you to spend time to learn how to use them.
Unlike paper supplies, marketing energy can't be purchased at Staples nor can it be downloaded from the Google Play Store. Your marketing campaign will require you to commit to a program of consistent exercise and activity.
Don't get upset when I say the word exercise: there are some really great benefits that will impact and expand your bottom line and your top line.
Exercise Releases Endorphins
One of the first benefits of committing to the exercise program that is right for you is that your body will release what is known as endorphins. An endorphin is a chemical or hormone that produces a sense of well-being and a positive attitude.
Exercise Reduces Stress
When we exercise our bodies and our muscles, it has the effect of reducing the stress levels and also mitigates feelings of loneliness and even isolation. Exercise has been known to relieve common anxiety and depression among many people.
Movement
Everybody knows that marketing takes energy and activity. Sometimes those activities involve moving about, going to certain events, doing certain things that involve interaction with other people. All personal interaction requires a high level of energy. If you don't have the energy, you will not be able to project the positive well-being and the conviction behind any of your product or service statements.
Brain Chemistry
When the muscles get going and the heart gets pumping, it has an impact upon the brain chemistry or the neural plasticity that allows you to make connections with others. It also gives you an awareness of certain social triggers, such as a handshake or a hug or even a high five.
Network
People who work out regularly establish certain affinity with those who also are committed to the same physical daily routines. When you feel like you belong to something, you behave differently. It's like walking into a room and knowing that you are an insider and not an outsider. Physical fitness produces an insider mindset.
Natural Connection
Once you feel confident about your physical capacity, you might even reach out to others within your industry to work out together. That will only enhance and bond you together on more than one level, rather than just business only.
Outdoor Exercise
As the weather turns more friendly to exercising outside, the body begins to tap into a response that produces the sense of well-being that comes about from meditation. Outdoor exercise impacts your mood, and it is truly an antidepressant because of the increased vitamin D that comes about through our exposure to the sunlight. It also causes us to be focused on the activity rather than the anxiety that we face on a daily basis.
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Super Cool FREE 2022 Marketing Calendar |
Every business today needs a marketing calendar.
Planning ahead can often make all the difference in the world between a successful year and one that is just so-so. You can download this Marketing Calendar.
When it comes to marketing, the most important thing is to just start! I know it's March, but just think, you have 10 more months to plan to make 2022 the best year ever.
So you can start right NOW. Regardless of where you start planning, what’s most important is that you start planning your 2022 year.
This Marketing Calendar makes it easy for you to know what you need to do and when you need to do it. It also provides quick access to your upcoming and past marketing activities
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"“Every problem is a gift—without problems we would not grow.” Tony Robbins
Counsellors Title is initiating this feature of Title Wise called Life Quotes.
Oftentimes we are so busy doing that we forget the reason(s) why. Life Quotes are those mental speed bumps that we will occasionally come across and insert, just to rehearse the important things in life.
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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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