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 East Hanover Real Estate Blog 
Tuesday, 30 December 2008

WASHINGTON, December 17, 2008

The National Association of Realtors® applauds the actions of the Federal Reserve Board in lowering interest rates for home buyers and homeowners who need to refinance. This will significantly impact housing sales and values in Florham Park, East Hanover and Hanover Township.

“NAR has been aggressively calling for mortgage rate reductions, and the Fed’s action to slash interest rates, coupled with the actions by the Federal Housing Finance Agency and the Department of the Treasury, has driven down interest rates to make the dream of homeownership once again attainable for thousands of Americans,” said NAR President Charles McMillan.

Mortgage rates, which had averaged 6.3 percent in the third quarter, have recently fallen into the 4 percent range in some parts of the country. “That is the lowest rate in nearly 50 years and will bring buyers back to the market,” McMillan said. “We are pleased that the government heard our message and responded to our call for action.”

NAR has estimated that a one percentage point decrease in mortgage rates will increase home sales by more than 500,000 homes. “To boost the economy, it is critical to stem the rising tide of foreclosures and boost home buyer confidence in the housing market.” McMillan said. “Lower interest rates coupled with increased foreclosure mitigation are the key ingredients to stabilizing the housing market and preserving communities and homeownership.”

NAR continues to call on the federal government to maintain the higher loan limits passed in the economic stimulus bill earlier this year and to expand the $7,500 tax credit for first-time home buyers to all buyers and to eliminate the credit repayment requirement. “Together, all of these actions will stimulate and stabilize the housing market and begin an overall economic recovery,” McMillan said.

Coccia Real Estate Group, LLC

Posted by: Chris Coccia AT 01:40 pm   |  Permalink   |  0 Comments  |  Email
Friday, 19 December 2008

We just listed your new home on 10 Annabelle Lane in Florham Park.  A truly wonderful example of a beautiful lot and spectacular location.

This 4 bedroom, 4.5 bath Contemporary was built especially for its current owners in 1988. You will be impressed the 1st time you arrive at this elegant home positioned nicely on an oversized 1.19 acre lot. Have no concern for traffic or privacy because you are one of only a few homes located on the secluded cul-de-sac.

Entertaining is a dream with a bright, open and airy floor plan that is approximately 5,000 square feet of living space.  Impress your friends with a 18’ x 25’ Great room,  15’ x 20’ family room (complete with floor to ceiling stone fireplace), eat-in-kitchen (with center island) and formal dining room, all with cathedral ceilings and a total of 10 skylights. 

The 32’ Master bedroom boosts plenty of room and offers all one would expect of a house of this caliber. The private bathroom is  an enormous 15’ x 15’ and contains a stall shower, oversized whirlpool tub and his & her vanities. The master suite is complete with a walk-in closet and sliding glass door access to a 4 season, private sunroom.

The 2nd floor of this home is what really makes this house stand out from others. The loft and “suspended hallway” overlooks most of this 1st floor and is abound with windows and skylights.  There are also three other bedrooms all complete with central vacuum and an entire house intercom system. The main bath is also quite large with a separate tub and stall shower.

The basement / ground level is completely finished and offers lots of possibilities for many different configurations. It features a separate entrance, a full bath and a layout conducive for an au pair or in law suite. If you need a third garage, one of the recreation rooms is easily converted.

The exterior of this majestic home is California Redwood and Penn Stone. The garages are side-loading and feature an interlocking paver stone driveway.  The deck is a very large 30’ x 62’ and is accessible from sliding glass doors from the sun room, great room and family room.  Exterior lighting surrounds the front and rear of the property as does the in-ground sprinkler system in the professionally landscaped yard.  The centerpiece of the rear yard has to be the custom free form heated in-ground swimming pool complete with “kool” deck and raised separate whirlpool.  No need to go into the house to shower after a dip – just use the Redwood cabana with full bath and storage for all your pool items.

This house is priced to sell at $1,125,000.

For more information, call Coccia Real Estate Group at 973-887-2500

Posted by: Chris Coccia AT 07:46 pm   |  Permalink   |  Email
Monday, 15 December 2008
Lately, I have seen some pretty incredible housing opportunities come across my desk for East Hanover, Florham Park, Hanover Township and Parsippany. Just two years ago it was impossible to find a nice house in any of these areas without paying an arm and a leg. Well, as of December 2000 that has certainly changed.

In Whippany we have an unheard of opportunity to purchase a brand new home from a great builder and be involved in the construction process the entire way through. This lot is in one of the town’s most desirable neighborhoods and the lot is about ¾ of an acre. Inside, you will find 4 bedrooms, 2.5 baths, full basement, cathedral ceilings, great room, large baths and closets and much more. About 3,800 sq ft.

In Florham Park we have 10 Annabelle Lane for sale. This is a rare chance to get into an untouchable neighborhood for right around 1,100,000.00 dollars. This 3,700 sq ft. house sits on 1.19 acres and is located right on a cul-de-sac. It features a large deck, in-ground swimming pool and cabana with full bath. Just a few years ago this street required 1.3 million dollar entrance fee.

In East Hanover the opportunities are endless. If you are looking for new construction you can find a quality built new home on Lumac Drive for $849,900 or a wonderful ranch for $450,000.Looking for a Hanover Park townhome? We have several available between $350-420,000.

Mortgage rates are also at all-time lows ranging from 5% to 6.25%. If you are looking to buy in Florham Park, Whippany, Cedar Knolls, East Hanover or Parsippany give Coccia Real Estate Group a call. We live, work and play here!

We are experts in our towns. Call 973-887-2500 today
Posted by: Chris Coccia AT 02:55 pm   |  Permalink   |  0 Comments  |  Email
Tuesday, 02 December 2008

This is the era of change, we need and want it. People are looking to improve their standard of living and have more opportunity in the future. We need to know that anything is possible and we still have the same opportunities that were afforded to us in the past.

Despite what you read and hear everyday Coccia Real Estate Group is listing and selling Real Estate in the Morris County area.

Whatever the economic circumstance, towns like Florham Park, East Hanover and Hanover Township all have low taxes, great schools and offer an excellent place to live. They are somewhat insulated from the extreme conditions felt in other New Jersey towns that are not as fortunate.

Coccia Real Estate agents are sure to highlight the attractions of each town and manifest the value of investing in Real Estate in there attractive areas. We don’t listen to what the newspapers are printing and the cable news stations are saying. We concentrate on the positive and what tremendous Real Estate “bargains” are out there. Many are in a negative state of mind for some time now. We have to be constantly reminded that for every negative there is a positive. Look for a change and you shall be rewarded with opportunities. The American writer Elbert Hubbard who said “The line between failure and success is so fine that we are often on the line and don’t know it.” True success comes when we are positive and grab the opportunities that are in front of us.

Here at Coccia Real Estate Group you will never see us giving up and blaming the Economic downturn or the Real Estate market. We constantly find ways to sell homes and that is the reason we will celebrate a 35% increase in sales revenue this year!

If you are looking to buy, sell, rent or try a career in Real Estate call Coccia Real estate Group today at 973-887-2500.

Posted by: Chris Coccia AT 03:43 pm   |  Permalink   |  0 Comments  |  Email
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Coccia Real Estate Group, LLC

434 Ridgedale Ave. Suite 12
East Hanover, NJ 07936
Office: (973) 887-2500

Office: (973) 599-9500
Fax: (973) 887-0032

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