Real Estate – Phyllis And Troy

Phyllis and Troy Real Estate Team Sells $35M in Atlantic City-area Houses

Absecon Island and its adjoining wonderful beach towns are still a hot market, based on the sales records of the Phyllis and Troy team of real estate professionals.

Margate real estate — (Newswire.net — August 29, 2016) Margate, NEW JERSEY — Margate, New Jersey – Absecon Island and its adjoining wonderful beach towns are still a hot market, based on the sales records of the Phyllis and Troy team of real estate professionals. This well-known residential real estate team works out of the Sotheby’s International Realty office in Margate City – and they’ve got people talking. Despite the gloomy economic conditions and bankruptcy troubles of Atlantic City, Phyllis and Troy are absolutely killing it in Luxury New Construction Home Sales.They have blown through scores of New Construction units this summer, totaling over $35 million dollars in sales just this year.

The husband-and-wife real estate team has defeated all odds, practically selling out of all New Construction completed units. According to RealtyTrac.com, Atlantic County home sales were down 46% in June compared with the previous month. Even so, new homes have been selling at rapid fire pace for the Phyllis and Troy team. There is an overabundance of homes on the market and most real estate professionals are frantically searching for buyers. Even though Atlantic City was named one of the best bargain beach towns, the vast majority of area realtors have not had an overly positive experience. The widespread closings of Atlantic City’s casinos and businesses have contributed to the community’s struggle.

Phyllis and Troy’s Selling Streak

To the amazement of their competitors, Phyllis and Troy are outperforming the industry of real estate. Just a stone’s throw from Atlantic City, the prestigious towns of Margate, Longport, and Ventnor have proven to be their sweet spot this summer. It’s still a buyer’s market in Margate City, according to Zillow’s cool market temperature rating of the beautiful beach town. Phyllis and Troy have a handful of semi-completed New Construction units left, which certainly appeals to a buyer who wants more control over the amenities implemented in the home. Amazingly, they are practically sold out of their Luxury New Construction inventory- with only one left.

New Construction Sales Throughout the Country

Nationwide, the real estate market is doing better this year than was expected. This pleasant surprise is mostly due to extremely low interest rates, and robust job growth. New Construction Sales in June 2016 were 25% higher than the estimated number, a figure which was set last summer. Throughout the country, new homes sales were climbing in June, with total sales 3% higher than those in May. New Construction is the trend in real estate across the board. Real estate professionals who specialize in new residential properties will likely see an increase in sales.

About Phyllis and Troy Real Estate Team

The Phyllis and Troy Real Estate Team are the number one agent team in the luxury new construction sector. Phyllis and Troy have over 30 years of experience in the real estate business of buying, building, marketing and selling luxury new construction real estate.

Phyllis and Troy Real Estate Team

9218 Ventnor Avenue
Margate City, NJ 08402
United States
609.822.4800
phyllisandtroy@comcast.net
http://phyllisandtroy.com

Source: http://newswire.net/newsroom/pr/00093444-phyllis-an-troy-real-estate-team.html

Atlantic County NJ’s Tough Housing Market

Ocean City residents optimistic about completed project at Snug Harbor

Ocean City residents are rightfully optimistic about the recently completed project at Snug Harbor, according to Shore News Today. The private boat slip was one of the most in need of dredging lagoons the area had seen in recent years, but it is now looking the way it did about 40 years ago. The completion of this project has since brought the wonderful boaters lifestyle to the area, according to residents of the neighborhood. According to residents kids are now playing in the water of the lagoon and is quickly becoming a highly sought after boaters paradise.

Snug Harbor was one of about 40 private boat slips that has been restored by Longport contractor, Trident Marine Piling Co.

This is very exciting news for the area and we hope more good news follows.

How Color Affects A Room

You’ve worked with your real estate agent and you’ve found the perfect home for you and your family at the shore. Now, it comes time to renovate and, eventually, paint.

Painting a room can be an exciting task; you are able to change the personality of a room simply by changing the color of the walls. A room’s color can influence your mood, your thoughts, and even how people in that room interact with each other.

The color of a room should reflect your personality and what you expect to get out of a room. Do you want it to be a social room? Do you want it to be a relaxing room? These questions and more should play a part in the color you pick.

To help you out, we’ve explained how each color can affect a room.

Red – It’s no mystery that red is symbolic of passion, or energy, of excitement – this stays true when it is on the walls of a room. Red in a room can draw people together and can encourage more socialization, and can even stimulate conversation. Naturally, this makes red great for family and living rooms but not so great for bedrooms.

Yellow – Yellow represents joy, happiness, and can help cheer you up. These qualities make yellow great for a kitchen, dining room, and even bathrooms. In smaller spaces, yellow can make a room feel more open and welcoming. Be careful though, too much yellow in a room can have an adverse effect and evoke feelings of frustration and anger in people.

Blue – Good ole’ blue; relaxing, calming blue. Blue is great for a room you want to relax in and can encourage peacefulness within a group. However, you have to be careful with the shade of blue that you choose. Darker hues can evoke feelings of sadness and in a room with little natural light certain blues can appear unpleasantly cold. When it comes to blue: stick to the lighter hues. Blues are also the perfect color for your beach-themed Jersey Shore home.

Deciding between buying a pre-owned home and building new? View the benefits of a new home here http://01e.ea2.myftpupload.com/benefits-of-building-a-new-home/

Green Room

Green – The color green is the easiest color on your eyes and is a great choice for any room. It mixes the relaxing quality of blue with the warmth of yellow and can promote togetherness within a room. Green is even believed to help relieve stress.

Purple Room

Purple – Purple has long been associated with royalty, luxury, and sophistication. However, it is also associated with creativity. Lighter versions of purple can help you to relax which makes it a great replacement for blue in a room that lacks natural light.

Orange – Orange often gets overlooked in interior design but it certainly has its place. Orange is an exciting color that helps promote enthusiasm and energy which makes it great for an exercise room where those emotions are much needed.

Neutral Room

Neutrals – You can almost never go wrong with neutrals in your color scheme. Neutrals are extremely flexible and can help balance out your color scheme. Black, for instance, is said to be good for grounding any color scheme.

We hope these tips help you with the enormous task of choosing the right color for your scheme. Selecting a color is a very personal choice and it should be, first and foremost, a color that you enjoy and can see you living with.

Need a house to paint?

Best place to make a home in Atlantic County NJ

Homebuyers and investors are buying up the beach property in Atlantic County NJ, before prices start rising again. Here’s an insider tip: pay close attention to the Downbeach parts of the island. The most valuable property and beautiful homes are within the borders of Ventnor, Margate, and Longport.

Downbeach area’s location is the most valuable in Atlantic County NJ.

Atlantic County NJ offers a wide range of environments for residents and locals to enjoy. It’s centrally located and bustling with activity. From the flashy entertainment of Atlantic City to the charming innocence of nearby Ocean City, the local beach towns differ tremendously. Major retail areas, excellent hospitals and private schools can be found on the mainland, just a short drive from the island.

With so many choices, it’s hard to decide where to settle down in Atlantic County NJ.

Good news- you can have it all! The Downbeach area of the island offers the best of everything: a beautiful, quiet beach environment to enjoy, with the excitement of the city just blocks down the boardwalk, and the mainland’s attractions still within driving distance.

Ventnor, Margate, and Longport are connected, in that order, boasting the most valuable location in all of Atlantic County NJ. These three towns are covered with beautiful, groomed beaches and they share the boardwalk that connects with Atlantic City.

The location of Ventnor, Margate, and Longport can’t be beat. It’s by far the best place to invest in property in Atlantic County NJ. Check out the Downbeach real estate in these beach towns.

Shares a boardwalk connecting to Atlantic City
Access to the mainland via Longport bridge and Margate bridge
Shuttle and bus service for easy transportation
Bicycle lanes and plans for added bike riding accommodations
Mostly residential, with small businesses mixed in
Charming downtown areas on Atlantic Avenue and Ventnor Avenue
Clean streets and frequently combed beaches
Maintained public parks and landscaped public areas
Street parking and private lots

The environment Downbeach is the calmest and safest place in Atlantic County NJ.

Ventnor, Margate, and Longport join to provide a calm and quiet atmosphere. You can expect the vibe to be peaceful and relaxing, even during the peak summer months.

The safe environment can be attributed to the local police department. Margate’s police officers do an excellent job helping to keep Atlantic County NJ safe. The local police force received a perfect score when they were recently evaluated, and that’s a very tough thing to do. They are considered to be one of the best police departments- not only in Atlantic County NJ, but also in the entire state of New Jersey.

The people of Margate, Longport, and Ventnor are overall very friendly and respectful, and they help to keep the Downbeach area clean and safe. This is a favorite section for most Atlantic County NJ residents. Locals often drive from the mainland to enjoy the relaxing beaches and browse the unique shops downtown.

Property in Longport is more expensive than the rest of the Downbeach area. There is a high demand for houses in Longport. Not only is it beautiful and very prestigious, but Longport is exceptionally safe and has a very low crime rate. Longport was placed on the list of the ten safest suburbs in New Jersey. When you look statistics, violent crime is nonexistent, and criminal activity is very low compared to the rest of Atlantic County NJ.

Atlantic County NJ residents are an active community, all year round.

The residents of Ventnor/Margate/Longport are all about community, all year round. Although these beach towns are filled with vacation homes, there are homes occupied by year round residents, too.

During the off-season, locals ban together and host events for themselves while the tourism is at it’s lowest. Most residents are retirees or families with small children. The locals know each other and enjoy spending summers on the beach with the neighboring friends. No matter the time of year, the Downbeach locals are all about community and supporting each other.

There is always something to do at the Jewish Community Center, located in Margate. The JCC is where most kids and teens gather to play basketball or swim in the pool. There is a full schedule of classes and activities offered for children and adults.

Every Thursday morning during the summer, Margate has a Community Farmers Market. Local farmers and vendors set up tables at the end of North Monroe Avenue to sell locally grown produce and products. There is a cult-like following of shoppers who buy up the raw honey, organic baby food, and fresh homemade breads every week. If you want to meet the locals, you can find them on the beach or at the Community Farmers Market.

The public library in Ventnor is another meeting place for locals. You can pick up a copy of the events calendar at the library. Cardholders can register for classes and workshops that are held throughout the year. During the summer, the library also hosts entertaining activities that are open to everyone.

Make your home in Atlantic County NJ’s best beach towns.

The Downbeach section of Atlantic County NJ is the place to be! You will fit into the great community and have access to gorgeous beaches, unique shops, and fantastic entertainment. The property value is high, and it’s rising. If you’re fortunate to find an affordable property in Margate, Ventnor, or Longport, make it your own before the opportunity is lost to someone else!

15 Reasons to Stop Renting that NJ Beach House

Do you spend your summer vacation at a beach rental? Have you considered buying a NJ beach house instead of paying rent during peak season?

Here are 15 reasons why you should stop throwing money away and buy your vacation home instead!

Owning a vacation home is a moneymaker. You can charge other people to rent from you, instead of the other way around. Just one summer guest during peak season may be enough, or you might book several guests every year. You can handle it yourself or hire a property manager if you want to be hands-off.
Give your credit score a major boost. Owning a NJ Beach House will increase your credit score over time as you make timely mortgage payments. This is a great way to build up your credit score so you can purchase future properties, if real estate investment is something you want to pursue.
Directly benefit from energy efficiency. Renters pay exaggerated utility costs that are built into the rent. As the owner, you can make energy-efficient home improvements and see a considerable savings. High efficiency (HE) appliances and solar panels will make you money back on your investment.
Prioritize location over accommodations. Renters are focused on house features even more than the location. If you’re buying a vacation home, you can and should focus instead on the location and land- a far more worthwhile investment. NJ beach houses can be easily torn or renovated, but the value truly lies in the close proximity to the beach and a view of the ocean!
Full control over layout and decor. Have the option to change the paint color and design the rooms to suit you. As the owner, you can make the NJ beach house your own. Hang paintings from your favorite artist, and keep your surfboards in the garage instead of transporting them in a car. You can install weather protective features, or upgrade to more comfortable mattresses.
Flexible occupancy schedule. When you are the homeowner, you have the advantage of setting the schedule. You get first pick of the weeks or months that you will utilize your NJ beach house, and you can reserve space for seasonal guests based around your personal plans.
Take charge of who shares your space. Wouldn’t it be good to know who is using the beach house before you? You might not want to arrive directly after a group of party animals, especially if the furniture gets dirty or smells like smoke. You might not want to share space with a careless family leaves stains on the carpets and chips in the paint. As the owner, you will have control over who is sharing the space. You can strictly rent to people you know, or simply interview potential summer guests upfront.
Friendship with your Neighbors. Those who live in NJ beach houses year round tend to look out for each other. If you own your vacation home, you will get to know your neighbors. They will keep you in the loop while you are away. It’s good to have a friend across the street, able to tell you if something is not right.
Enjoy the off-season perks. Locals get to enjoy the off-season perks of living in a NJ beach house once tourism winds down. You can visit randomly, if you choose. It’s very affordable to plan a quick getaway during the off-season, especially when you own your vacation house. There are end-of-summer deals at boardwalk shops, half-price ticket days at amusement perks, beach tag-free weeks, and events in early spring and late summer.
Always find a parking spot. NJ beach houses don’t always come with free parking. Attached garages are often used for storage, so renters must find parking spots on the street. This is a huge hassle during peak summer months. If you own a NJ beach house, you can make use of the garage or get a reserved parking spot.
Work a summer job if you want. There are tons of seasonal job opportunities for teens and adults at the Jersey shore. It’s easy to find work on the boardwalk, or you can try out to work as a lifeguard on the beach. The trouble is, when you only spend a week or two at your NJ beach house, it’s not as easy to find work. However, if you own a NJ beach house in the area, locals will know you and will likely employ you even for a short time.
Your tax refund will be better. There are financial benefits to owning a vacation home, especially around tax season. You can take a few different approaches that will allow you to get a bigger refund.Learn how you can claim passive losses on your NJ beach house or claim deductions for mixed-use property, even if you’re not renting it out.
Owning a home is a real asset. Stop throwing money away on rent when you could be paying into a tangible asset. Everyone knows that paying rent for something long term is not financially wise. If you can buy, it’s better to buy. Turn your NJ beach house into a personal asset, instead of renting year after year.
Real estate is safer than the stock market. These days, more people are choosing to invest in real estate over the stock market. Stocks are risky and our people hesitate to gamble with their money in the current economic climate. For many, real estate is a smarter way to invest. Money management professionals agree that buying a NJ beach house property while prices are low is a smart move.
One day, your NJ beach house can become your retirement home. Wouldn’t it be great to buy a vacation house in your 30’s, rent it out in your 40’s, use it for your friends and family in your 50’s, and make it your retirement home when you’re ready? Owning a NJ beach house will fit well into your long-term plan if you already spend most summers at the Jersey Shore. You can move to the beach after retirement, and your house could be fully paid off.

Owning a NJ beach house can work for you!

Are you planning to move into your NJ beach house and live as a year-round resident? That’s even better! You can still reap the benefits of NJ’s beach house rental business.

One way to do this is by renting out part of your home, while you dwell in another part. If that’s not an option, you can arrange to stay with a friend while your beach house is booked with guests. Some families take a vacation themselves while their beach house is being rented out. During peak season, you can make a ton of money renting out your NJ beach house, and it may enable you head for Disneyworld when summer guests arrive.

Whether you keep a primary residence, or you move into your NJ beach house, owning your vacation home is a smart choice. Stop throwing money away! Make your summer vacation pay for itself.

How to be a Smart Shopper in a Flooded Real Estate World

When did becoming a realtor get SO TRENDY? Now, everybody knows somebody who does real estate. Learn to tell the difference between a pro and a dabbler, or you’ll get yourself into big trouble.

Search for an agent with real experience in real estate.

Lately, we’ve seen a major shift in real estate. A large number of people have left their jobs or stepped out of unemployment, expecting to make a living in real estate. While this wave of activity shines a positive light on the market, it leaves us wondering why real estate is now such an alluring career option.

It would appear that someone has convinced America that selling houses was a direct route to fortune. People from all walks of life are getting licensed to practice real estate. Once certified, they’re gathering data from people with intent to guide them through the process of buying or selling a home.

Spoiler Alert: Real estate is not like selling candy bars, and it’s not like becoming a rep for the newest multi-level marketing craze! It’s a very demanding job that comes with a ton of serious responsibilities. A good realtor knows the industry inside and out, and has the experience and connections to prove it.

People need to get real about real estate. Despite what self-made real estate expert programs may claim, it is not the perfect job for everyone. What we now face is an overabundance of rookie realtors who are fighting for clients. Be careful not to get stuck with a realtor who will waste your time and money, leaving you very disappointed in the end.

You might be temped to work with a real estate rookie, because they’ll be eager and available to help you. They might even offer you a generous commission rebate – a real estate incentive recently made legal in New Jersey. You may feel comfortable working with a realtor you know personally, but please use caution. Before putting your future into the hands of a real estate agent, make sure they are the real deal.

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” -Red Adair, notable firefighterRed Adair’s famous quote warns that hiring an amateur will eventually cost you more than you’d expect. As a firefighter, Red was faced with trouble in the form of uncontrollable oil well fires. He understood the importance of fire prevention firsthand, and the same is true with real estate. Put your trust in a realtor who understands housing, and will avoid mistakes that would bring you trouble- very expensive trouble.

Don’t rely on the realtor with the wrong type of expertise.

Even the best realtors should be analyzed for what they can bring to the table. Realtors vary a great deal in what they are good at and what they can offer you.

If you are in the market to buy new construction housing, or pre-construction so you can customize it, you must find the realtor with this expertise. A real estate professional specializing in new construction will have relationships with builders and information on zoning and codes that a typical realtor will lack. If you are looking to buy and flip a property as an investment opportunity, you will want to work with a real estate professional who has experience with investors and contractors, and can utilize their databases to match up buyers and sellers.

Think of this as a partnership. You need to work with someone on your level, who shares the same goal and can provide the guidance and resources that you need in order to be successful. There is no return policy on real estate, even if your realtor has led you the wrong way. Make sure you find a trustworthy real estate professional to help you buy or sell your home.

Be careful not to become the victim of a real estate scam.

There are plenty of wolves in sheep’s clothing out there. With such an overabundance of real estate professionals, it can be hard to identify a fraud.

Early this year, a mother-and-son real estate team were arrested for scamming homebuyers in south Jersey. The pair was breaking into foreclosed homes, and selling them to unsuspecting individuals. The mother had previously worked as a realtor but her real estate license was revoked for life back in 2010. Working under a different name, she continued taking advantage of people, collecting money for homes that she had no legal right to sell. This tricky woman hopped around different office buildings, working under her own company name and managed to fool over twenty people into working with her.

Spare yourself a real estate nightmare like this. You should insist on a well-known real estate agency. Even if you want to work with a private office, pick one that’s affiliated with a major realty like Sotheby’s. Working with agents of a well-known realty is less risky, because the paperwork is going to check out. Also, ask plenty of direct questions when you are touring a property. Don’t be afraid to inquire about why the house is being sold, or ask what insurance claims have been filed. There are so many unknowns, so it’s best to research the property and do a thorough home inspection. Better yet, invest in new construction housing where everything is new and there is no history of damage, mismanagement or fraud.

Find a real estate professional, and let the dabblers practice on somebody else.

Beware of the overabundance of unqualified real estate agents out there in the world. Choose an experienced realtor with a great reputation, who will keep you from making expensive mistakes and regrettable decisions. Spend your time and money on the real deal, and let the dabblers practice on somebody else.

8 Advantages to buying New Construction Homes in NJ

If you’re leaning towards buying a previously owned home, I will give you 8 reasons to start changing your mind. New construction homes in NJ are the smarter choice, because you will truly get your money’s worth.

New Construction Homes in NJ will cost less and offer more.

Low Maintenance and Fewer Repairs… Buying a used house at the Jersey Shore is risky. Older beach houses have taken a beating due to the salt air and maybe even some flooding. Resale homes, even in the greatest condition, require heavy maintenance to keeps things running. Old appliances need TLC and you could pay through the nose for structural renovations. A newly built house will eliminate these risks. It’s wise to have new construction homes in NJ thoroughly inspected before closing, but you’re not likely to find any major surprises. New construction homes in NJ need very little maintenance or repair, if any!
Covered by Warranties… Brand new houses come with warranties directly from the builders. In the off chance that something was done incorrectly or something unusual happens, the warranties will cover all materials and workmanship and systems (electrical, plumbing, HVAC) for up to ten years. Newly installed appliances also carry a manufacturers warranty or service warranty. If the new stove or dryer stops working, you can have it repaired or replaced for free.
More Efficient Technology… Everyone knows that aged technology becomes obsolete. There is no question that the latest models of washing machines and heating systems are far more efficient than they were a decade ago. If you buy a ten-year- old house equipped with old appliances and systems, they will not only cost more to operate but they will not work very well. The air quality you get with new heating, air conditioning and ventilation (HVAC) systems is cleaner than it used to be. High efficiency (HE) appliances work to lower your electric bill. Don’t sell yourself short by using the outdated technology that usually comes with a resale house.

Your new construction home will make a great primary residence or investment property

Ability to Customize… New construction homes in NJ are usually built based upon a spec. If you want to be able to customize your new home, you will have the option with a new construction home. You can work with the realtor to communicate your requests to the builders. They will make sure things are done the way you envision, and in compliance with building codes. Designing the home of your dreams is easy with this approach. Buy a new construction in the early stages, or buy it preconstruction, and you can have it built according to your specifications.
Faster Appreciation… New construction homes in NJ tend to appreciate faster than other types of properties. When newly constructed houses start popping up, the demographics change in a way that attracts more retail stores, more schools, and other amenities to serve the growing population. This means that you could buy a very affordable house in a typical beach town community, and within a few years, the value of your house will increase dramatically because the already-high property value will skyrocket.

Bet you never thought about these next three advantages to new construction homes in NJ!

Easy Access to a Green Card… This is not a joke, and there is nothing shady about it! According to law EB-5 Immigrant Investor Program, foreigners can get a green card for investing in new construction homes in NJ. Smart people are taking advantage of this awesome little secret. International students who plan to pursue a career in America are finding this option to be especially beneficial. Foreign parents can invest in a new construction home in NJ-either to rent it out, sell it, or take up residence- and the entire family becomes eligible to receive green cards in exchange for their local investment. By spending $500k or more on a new construction project that helps create local jobs, you and your dependent children get onto a fast track for legal status.
No Junk Mail for Previous Residents… This may seem minor, but you can imagine how annoying it would be to have a mailbox full of letters addressed to the previous homeowners. Mail forwarding doesn’t work too well, so it’s bound to happen. You’ll also receive tons of junk mail and ads intended for the old residents.
Another thing to consider is what type of reputation the previous homeowners had. If they were low tippers, the deliveryman might take the long way to deliver pizza to your house. These types of things might not bother you, but they can add up and impact your homeowner experience.
Start Fresh… There’s something unexplainable about owning a brand new, modern beach house. Everything is spotless and fresh as the ocean breeze coming through your windows. There are no stains to hide, no chips to cover, or odors to get rid of. The owners of new construction homes in NJ have a fresh advantage for their families or investment projects.

Here’s one last benefit to remember about original homeowners: You won’t need to worry about having a sentimental old resident show up like Ben Affleck in Surviving Christmas, if you buy new construction homes in NJ. That would just be awkward for everyone. You can’t be too careful. Shop wisely.

New construction homes in NJ are a better investment than resale houses

If you’re in the market to buy a house or investment property, the new construction homes in NJ should be on your radar. Resale housing may have a lower listing price, but you’ll lose more money in the long run. Start from scratch with new construction and you’ll save yourself a lot of headaches, plus your house will be worth more later if you ever wish to sell it.