First Time Home Buyers Dominate the Real Estate Market in New Jersey Says RE/MAX of New Jersey

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First time home buyers tend to be younger and more tech savvy than previous real estate clients. They expect a different level of service. New Jersey Realtors from RE/MAX of New Jersey are responding by helping home buyers take advantage of low interest rates and first time home buyer tax credits.

New Jersey Realtors are seeing a new type of homebuyer enter the market.

They want access, they want answers, and they want ongoing communication through text messaging. They just want to know, 'How fast can I get the information?' and 'How available are you?'

With the First Time Home Buyer's Tax Credit in full effect, younger buyers are taking the opportunity to enter the new jersey real estate market. Across the state, Agents are finding that they must consider the first time home buyers unique needs and adapt to this new type of client.

"Those first time home buyers who've entered the housing market -- drawn by the perfect storm of historically low interest rates, attractive prices and the $8,000 tax credit -- expect much from their Realtors.," said Dave Liniger, Co-Founder of RE/MAX International, "They want access, they want answers, and they want ongoing communication through text messaging. They just want to know, 'How fast can I get the information?' and 'How available are you?'"

Part of an 'instant-gratification' and internet generation, first time home buyers are tech savvy and educated and they don't want to wait for answers. They are confident and eager to become home owners.

"Making a point to notice how certain generations and certain clients like to communicate is vital. You have to adapt, you have to anticipate, and you have to be ok doing business on the phone, through text message, through email, whatever your client wants!" says Anita Jacobus of RE/MAX at Barnegat Bay in Toms River.

First time home buyers are being drawn to the housing market because of low interest rates, attractive prices, a huge volume of inventory, and the tax credit. Not only do they have options and room to negotiate, but they have $8,000 that they can use to cover closing costs or to just get back come tax time.

"First time home buyers are a large percentage of our clients right now and we're having the best spring in three years. They are creating a domino effect in the real estate market, purchasing homes, allowing the sellers of those homes to move up or to downsize if they choose, and are stimulating the furniture and home improvement industry as well," said Richard Wieland of RE/MAX First Realty in East Brunswick.

To qualify for the $8,000 tax credit, buyers must meet the first time home buyer criteria. They must be a first time home buyer. They qualify if they have not owned a principle residence in the last three years and must close on their home purchase before November 30, 2009. As long as they live in the home for three years, they never have to repay the tax credit. It is theirs to keep!

About RE/MAX of New Jersey
With over 3,000 real estate professionals in nearly 200 franchise offices, RE/MAX of New Jersey continues to be one of the leading real estate organizations in the state. Since its inception in 1985, RE/MAX of New Jersey has experienced steady growth in both franchise sales and sales associates. This remarkable success can be attributed to the quality agents and service consistently found in all RE/MAX organizations. RE/MAX of New Jersey, based in Moorestown, N.J., is a privately owned and operated regional franchiser for RE/MAX International. Please visit for more information and to search thousands of homes for sale in new jersey and find your perfect realtor.

To find out more about the First Time Home Buyers Tax Credit, Contact a RE/MAX Real Estate Professional in your area or a New Jersey realtor.


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Megan Stricker
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