Morristown NJ Real Estate | It is always darkest before the dawn
Morristown NJ Real Estate
It is always darkest before the dawn.
This will be a summary of September 15, 2008 in the life of a Morristown NJ REALTOR.
The day started as most every other Monday morning during the school year does. Up at 7:30am to help my 10 year old son get ready for school. We deal with ADHD (Attention Deficit Hyperactivity Disorder) in our house, so no TV in the morning, just breakfast, talking about the day, and getting ready. By 8:26 we are out at the bus stop, waiting for the bus and talking with one of the neighbors who works for one of the Investment Banks on Wall Street in Manhattan. The comment comes that he got a call early that morning stating that he should be in Manhattan this morning rather than in Chatham New Jersey, where he had planned to be today. Then after his kids are on the bus, he says I am off to another day of watching the world fall apart. After he is gone, I wonder to myself, that is strange that he would be ordered to be in Manhattan, I wonder if he will be getting his pink slip today, he does not work for Lehman Brothers or Merrill. Then I am happy that I was not wondering this while talking to my neighbor.
Into my home in Convent Station I go to do some work, I work from home many days as I find I get more done than if I am in the RE/MAX Morristown New Jersey office, where other REALTORS just keep asking me questions all day. While I have my coffee and read my e-mail, I turn on NBC to watch a little bit of the morning show. There are some references to Wall Street troubles, so I click over to CNBC to see what they have to say. Not good, all about Lehman and Merrill and how they are basically toast. I decide to leave it on while I reply to e-mail and then work on client follow-up and other tasks.
While I am working and the gloom and doom is being laid out for the world to see on CNBC I get an e-mail from a soon to be new client asking about a few condos in the Morristown NJ real estate market. This person has included a phone number as well, so I give them a call. We have a nice conversation and they agree that with mortgage interest rates considerably lower now is a very good time to be a Morristown NJ home buyer.
I get to lunch time and decide that after lunch I will go to the gym for a workout. On the way to the gym, I get a call from a home owner who I had made an appointment to show her home on Tuesday. She is calling to cancel as her Convent Station home has now gone under contract and she did not want any more home showings. I have a nice workout, all the bad news is on most of the monitors, I try not to watch but that proves difficult.
After leaving the gym, I stop by the RE/MAX real estate office in Morristown to check on my mail and see if there is any paperwork that I need to attend to there. While at the office I receive a call from another Morristown NJ home buyer who I have been talking with since last week. This one is calling to say that she has just gotten her mortgage pre-approval letter finished. She was approved for a higher purchase price than she had thought she would be, but she would like to stay below that number by at least 20%. Yet another home buyer who is interested in Morristown NJ real estate.
Tonight, I get a call from a client I have been working with for a few weeks. They would like me to come over with the paperwork to list their Convent Station home for sale, as they are ready to move up and purchase a larger home for their family.
I believe that yes it is darkest before the dawn, and for the Morristown NJ area real estate markets the dawn is about to arrive.
James Boyer
Morristown NJ REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct
More Morristown NJ Home Sales news here.
To see the October home sales, visit Morristown NJ Real Estate sales October 2008
3 Responses to “Morristown NJ Real Estate | It is always darkest before the dawn”
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September 16th, 2008
Wow, if your not tempted to jerk the steering wheel into the on coming traffic, then its an ok day.
I hope the expected layoffs don’t hit you to close to home.
Good Luck
September 17th, 2008
Great content in this post giving the reader a birds eye view of a day in the life of a Realtor. While the financial markets have taken a hit of late, the fact remains that qualified buyers are able to secure financing and are finding this a great time to buy.
Keep up the good work Jim!
September 17th, 2008
Thanks for the comments Michael & Jim. I believe that we have to be near the bottom. There just are not many more major companies to go belly up. The government is not going to allow a domino effect to take the entire economy down, so this has to be coming to an end. As for home prices, It is all local of course. In my view, you cannot hardly go wrong if you decide to be in a train line town that also has good schools, and a good proud community.
Northern New Jersey Real Estate is a great deal at these prices and these Mortgage interest rates!!