Madison, known as the Rose City is located in Morris County and occupies 4.1 square miles with a population of over 16,000. Named after the 4th President of the United States, European settlers arrived as early as 1715 and the Borough was incorporated in 1889. Madison has its own special character generated by an ethnically diverse population, wide range of housing types and the influence of its three local academic institutions: Drew University, Farleigh Dickinson University and The College of St. Elizabeth's. It boasts a strong public school system and many cultural opportunities not generally found in towns of its size including Drew's Shakespearean Theatre. In addition Madison has over 100 acres of parks and public lands for recreational use and is home to several US corporations in the Giralda Farms Complex. Downtown Madison offers numerous diversified specialty shops, fine restaurants and New York City is easily reached by train, bus, or convenient local highways.
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Here is a scenario for sellers to avoid. You contact a real estate agent to list your home and the agent suggests that you might get more for your house than comparable homes on the market. The agent assures you that it only takes finding one person who is willing to pay your price!
Some agents approach a listing appointment as if they are bidding for your home. The unfortunate result is that you start out with an unrealistic opinion of your home's value. There is often a strong temptation to work with a person who says what you want to hear. An experienced, reputable real estate agent will back up their opinion of your home's value with hard data. The agent should give you information about the listing price of homes that are currently on the market, and recent selling prices of similar properties in your immediate area.
Even the most heroic marketing efforts won't work on a property that is obviously overpriced, (except in the most exaggerated of seller's markets.) Even if you find a buyer who is willing to pay more than your home is worth, the sale could fall apart when the appraisal comes in lower than the agreed-upon price. Listen to everything, but be careful!
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What unique type of home is making news as an affordable, environmentally-friendly housing alternative?
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Straw bale homes may well become the non-toxic, affordable home of choice in the future. |
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