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Elegant Sherwood Farm Rd. Home; Enjoy the rewards of success. This 6 bedroom 5 3 Half bathroom Single Family located at 18 Sherwood Farm Rd, Sherwood Farm, Far Hills, New Jersey is presented by Lynn Dachisen.

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This just in from Bob Durham, Mortgage Rep for Wells Fargo Home Mortgage –

INFLATION, ALL WE NEVER WANTED…! Or so the Go-Go’s song “Vacation – All I Ever Wanted” could have been re-written this week, as whispers and glimmers of future inflation as well as some positive economic news roiled the Bond market. Overall, home loan rates worsened by about .25% across the board.

Inflation at both the wholesale and consumer level came in hotter than expected via the Producer Price Index (PPI) and Consumer Price Index (CPI) reports, the latter shown in the chart below. The Consumer Price Index (CPI) rose by more than expected, and was the biggest increase in a year, mostly due to higher gasoline prices.

However, a look back over the past year shows a drop in overall CPI of 1.4%…why is this? It was a year ago that a barrel of oil was $147, and today that barrel stands at $60, up from the $30 range seen earlier this year. But even when stripping out food and energy, the most recent Core CPI rose 0.2%, higher than the 0.1% anticipated – and year-over-year, Core CPI prices were up 1.7% after rising 1.8% in the 12 months ended in May. On the wholesale side, even excluding volatile food and fuel prices, Core PPI rose quite a bit more than anticipated as well. And remember, inflation is bad for Bonds and home loan rates. If this trend continues, it could have a big impact on rates later this year. —

Thanks for the update, Bob

Who’d have thought? The residents knew it was a great place to live, but now the rest of the country knows it as well! 77 working farms, Neighborhood shopping, plenty of restaurants, tons of activities, constant town improvement, great schools, friendly people (yes, it’s really all about the people)- Come to think of it, we DO deserve to get this well-earned rating. Interesting to note on a personal level – when my sister comes into town from LA, she always refers to Warren as “pleasantville”. When we first moved here 15 years ago, we built a home here in Warren that was convenient to my husband’s work in Maplewood. Just 1 week before closing, he changed jobs and ended up in Wayne. My husband has chosen to commute 50 min each way just so he can come back to his “home” in Warren. We considered relocating, but there just were no other options – Warren was indeed “pleasantville” and this was where home was. I am a real estate agent with Keller Williams, and take great pride in giving buyers the opportunity to relocate to Warren. Up until now, it has been known as the “sleepy town” – when giving directions, we used to say “near Watchung” or “near Basking Ridge” – Well no more! Warren has finally made it on the map!! Just about an hour to NYC, Philadephia, and the Jersey Shore, Warren is virtually convenient to pretty much anywhere you want to go when you DO want to take a day trip. Love it!! For more stats, visit http://www.WarrenNJBestPlacetoLive.com – Lynn Dachisen, REALTOR®, Keller Williams Towne Square Realty

Great Basking Ridge END UNIT Townhome!  Priced to Sell!

http://www.postlets.com/res/2137830

I get asked alot of questions about short sales – from “should I buy one” to  “what is involved” to “how long does it take”. There are several key points to keep in mind. Yes, they provide a wonderful opportunity to get a home for a great price. However, what you must have is time and patience. You also have to treat an approved offer as a normal contract, having your attorney (NJ) contact the sellers attorney once you have an agreed price from the seller, EVEN THOUGH IT HAS NOT BEEN PRESENTED TO THE BANK YET. If you miss this step, you are officially under contract and need to move forward with all your deposits and mortgage applications. A town certificate is generally the buyers responsibility, and the home is always sold strictly AS IS.  This is the price you pay for getting a great deal – you have risks – the bank may not approve your offer, and your deposit money has been tied up. Once the bank does approve the offer, you will have  30 DAYS to close. So you must be ready. Most mortgages can take up to 30 days to get a committment, so you can see why the timing is important. You are entitled to an inspection, but remember that the home is sold AS IS.  Check out 3 homes that I currently have listed, so you can see what a listing might look like. They always say on the listing “subject to bank approval” and “buyer responsible for all town inspections”.  12 Chatham Pl, N.Plainfield, 272 Arnold Ave, N. Plainfield, 416 Watchung Ave., N. Plainfield