Author Archives: Maryanne Elsaesser

What Does (MINUS) 6.3% Mean To Homeowners?

By: Maryanne Elsaesser Broker/Associate Coldwell Banker Residential Brokerage The word minus, in terms of a sellers perspective, is NOT a favored word, however; a savvy seller will consider the facts and make adjustments accordingly to get the best return possible. Although Zillow Group is recording market inventory shortages , which typically drives prices up, we need […]

Strong Economic Data Increases Interest Rates

by: Maryanne Elsaesser Broker Associate/ Real Estate Advisor Coldwell Banker Residential Brokerage Wyckoff, NJ WHAT DOES THIS MEAN TO YOU NOW? Your purchase price approval amount, issued by your lender, just went down. For every 1% increase in interest rate there a 10% reduction in your new pre-approval amount. Favorable economic data released this week caused interest […]

A Shift Is Upon Us Sellers, Be Smart

by: Maryanne Elsaesser Broker Associate Coldwell Banker Residential Brokerage, Wyckoff NJ If you are thinking you should hold out for your dream number, THINK AGAIN! Smart sellers will leap ahead of the curve and figure out quickly we are transitioning into a buyers market. Let’s take my own hometown, Wyckoff, NJ in beautiful Bergen County […]