5 Reasons to Build a New Home

By Jeff Fung

You're exhausted. It seems like house-hunting will never end and each home you view isn't how you envisioned it. There aren't enough bedrooms, or the home just isn't your style. It's tough to dole out the big bucks for a place that you just aren't 100-percent in love with.

Related: New Construction: How Building a Home Can Save You Money

However, there's always another option. You can always build. Building a new home offers an array of options. You can customize it the way you like and plan it to your exact specifications. It gives you the freedom to make it yours—as opposed to building off of someone else's choices and ideas. Not convinced? Here are our top five reasons why you should build your new home:

You get to choose the neighborhood. Maybe you saw the perfect home, but the neighborhood was anything but ideal. It's all about location, location, location! For some, location is even more important than what's actually inside the home itself. When you build your own home, you get to choose the neighborhood. The options are endless, which means you'll get both the house you like and the ideal neighborhood you want.

It's brand new, meaning no repairs are needed—at least not anytime soon. Older homes frequently come with their fair share of repairs and necessary upgrades. With all the maintenance, suddenly owning a home can feel like a part-time job. When you build a new home, everything is new. You likely won't have to pay for repairs or renovations for years to come. This means you'll actually be able to sit back and relax and enjoy your new digs!

Newer energy-efficient systems will save you money. When it comes to older homes, water and electrical systems often aren't up to par with the newest technology. Things like air conditioning, heat and water end up costing way more in an older home.

In a new home, you can select the most energy-efficient systems. This will help you save money on those monthly bills and in the long run—meaning you can put your money toward other exciting adventures, such as that new car or that vacation you've been longing to go on!

You get to select flooring, paint colors, countertops, and more! Building a new home means customization! You get to choose it all—your home, your style. It can be really fun, and it can also help you feel like you have more ownership over your home. You become more immersed in the building and design process, which can, in turn, help you understand your home more and allow you to create a space you truly love.

You create the house layout. Again, it's all about being able to customize. When building a new home, you get to set things to your exact specifications. Do you want an open-concept home? No problem. Do you have a vision about how the kitchen will be set up? Voice it. Building a new home means you can pick and choose when it comes to the layout of the house and floor plans.

Get the home you have always dreamed of. Start the process of building your new home today!

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Avalon and Stone Harbor NJ Weekly Update September 13th, 2018 #RealEstate #NJ

THANK YOU, GOODRICH FAMILY!  Fifty nine years ago Bernard Goodrich and his young family visited a friend in Avalon, and stayed for a week at The Princeton Hotel.  The family has returned to Avalon each year since, renting numerous vacation homes through Avalon Real Estate Agency, and later Long & Foster.  The family has enjoyed many locations over the years including 42^nd Street & the bay, 72^nd Street, Avalon Avenue, and most recently, First Avenue.  Bernard’s wife Peggy passed away recently, but as he says, “I continue to look forward to our relaxing Avalon August [vacation] and hope it comes around quickly again for 2019. Look for the us on the 11th Street beach.”  We will, Mr. Goodrich, and thank you for allowing Long & Foster to help with your vacation plans for so many years!


Bernard Goodrich on the beach in Avalon, surrounded by his late wife, Peggy, daughter, son-in-law, and three grandchildren.


THE LOWEST PROPERTY TAX RATES:  NJ.com recently ranked the 30 New Jersey towns with the lowest property tax rates, and Cape May County’s beach towns made an impressive showing.  At #15 on the list was Ocean City, just behind #14 Cape May.  Sea Isle City holds the #5 spot, with Cape May Point taking #3.  Stone Harbor took the #2 spot, while Avalon topped the list with the lowest property tax rate in the state.  The ranking was made by comparing the equalized property tax rates for 2017.  Click here for the full article:  https://www.nj.com/politics/index.ssf/2018/09/here_are_the_30_nj_towns_with_the_lowest_property.html


BE PREPARED and informed in the event of a coastal storm, flooding, or other weather emergency on Seven Mile Beach.  As the Carolinas brace for the landfall of Florence, it’s always wise to be prepared and informed in advance of severe weather conditions.  When Avalon & Stone Harbor experience severe weather, check www.AvalonEmergency.org and www.StoneHarborEmergency.com for periodic updates.  For  phone notification, there is a sign up form on each of those sites where you can request notifications for your telephone or mobile phone.  For 8 tips on preparing for an emergency click here:  https://newsroom.longandfoster.com/2018/09/8-tips-prepare-emergency-2/


SAVE THE DATES for two of the area’s most popular activities:  on Saturday, September 22^nd, the 7^th Annual Savor September Food, Wine, and Beer Festival takes place from noon to 9pm on 96^th Street.  Enjoy tasting tents, live music, vendors, and more!  Columbus Day Weekend marks the return of Avalon’s Seafood Festival at Community Hall on Saturday & Sunday, October 6-7, 10am to 5pm.  In addition to local seafood, enjoy music, kids activities, football, shopping, and more!


UPCOMING EVENTS:

• 23^rd Annual Nun’s Beach Surf Contest, Nun’s Beach at 111^th Street in Stone Harbor, 7AM, Saturday, September 15
• Civil War Weekend, Historic Cold Spring Village, Saturday & Sunday, September 15 & 16
• Tech Workshops, Windows Drop-In from 10-11:30AM, Apple Drop-In from 11:30AM-1PM, help with questions regarding your computer, phone, iPad, software or an app, Avalon Free Public Library, Saturday, September 15, www.AvalonFreeLibrary.org
• NJ Firefighter’s Parade, New Jersey Avenue, Wildwood & Wildwood Crest, 2pm, Saturday, September 15
• Chris Roach, Comedian, appears at Harbor Square Theater, Saturday, September 15
• Big Band Dance featuring Tony DeLuca, Avalon Community Hall, 7PM, Saturday September 15
• Cape May Traditional Jazz Society concert featuring the Ben Mauger Vintage Jazz Band, VFW Post #386, 419 Congress Street in Cape May, 2-4PM, Sunday, September 16
• Stone Harbor’s Bulk Pick-Up, items to curb up to 72 hours prior to pick-up on Monday, September 17
• Irish Fall Festival, music, dancing, food, vendors, more, Olde NJ Avenue in N. Wildwood, Thursday-Sunday, September 20-23
• Wetlands Institute Fall Migration Festival, 9:30AM-4:30PM, Saturday, September 22, www.wetlandsinstitute.org
• Stone Harbor’s Savor September Wine, Beer & Food Festival, local wineries & breweries, food, artisans, live music, more, 96^th Street Shopping District, Noon-8PM, Saturday, September 22
• Cape May Light House Full Moon Climb, 8-10PM, Monday, September 24
• Mayor’s Cup Bocce Tournament, 39^th Street Park in Avalon, Saturday, September 29
• Avalon Performing Arts Council concert featuring Jerry Blavat, The Geator with the Heater, Avalon Community Hall, doors open at 6:30PM, show starts at 7:30PM, Saturday, September 29
• Avalon Chamber of Commerce Seafood Festival, artisans, vendors, music, food, chowder contest, more, 30^th Street parking lot & Avalon Community Hall, 10AM-5PM, Saturday & Sunday, October 6 & 7
• Stone Harbor Garden Club Fashion Show, visit www.shnj.org/gardenclub  for info, Yacht Club of Stone Harbor, 11:30Am, Sunday, October 7
• Big Band Dance featuring the Fred Hall Band, Avalon Community Hall, 7PM, Saturday, October 13

Featured Property:

An exclusive location and wonderful view compliment this exceptional Bayfront home!



24 Heron Drive, Avalon, $5,385,000, ACTIVE MLS#: 181805



New Listings:

9501 Third Avenue, Stone Harbor, $249,000, ACTIVE MLS#: 183925

9501 Sunset Drive, Stone Harbor, $399,999, ACTIVE MLS#: 183794

150 96th Street, Stone Harbor, $565,000, ACTIVE MLS#: 183867

258 99th Street, Stone Harbor, $1,399,000, ACTIVE MLS#: 183844

222 104th Street, Stone Harbor, $1,795,000, ACTIVE MLS#: 183865

227 118th Street, Stone Harbor, $1,979,000, ACTIVE MLS#: 183834

10 W. 21st Street - East & West, Avalon, $1,989,000, ACTIVE MLS#: 183924

223 121st Street, Stone Harbor, $2,495,000, ACTIVE MLS#: 183837

65 E. 11th Street, Avalon, $2,795,000, ACTIVE MLS#: 183791

33 W. 25th Street, Avalon, $2,795,000, ACTIVE MLS#: 183866

308 92nd Street, Stone Harbor, $3,749,000, ACTIVE MLS#: 183849

6 107th Street, Stone Harbor, $5,400,000, ACTIVE MLS#: 183824



Properties Under Contract:

7929 Dune Dr., UNIT 304, Avalon, $335,000, UNDER CONTRACT MLS#: 183716

177 80th Street, Avalon, $389,000, UNDER CONTRACT MLS#: 182260

8001 2nd Avenue, Stone Harbor, $469,000, UNDER CONTRACT MLS#: 179542

66 E. 20th, Unit 110, Avalon, $699,000, UNDER CONTRACT MLS#: 183654

9 E. 21st Street, Avalon, $750,000, UNDER CONTRACT MLS#: 183587

1668 Ocean Drive, Avalon, $879,000, UNDER CONTRACT MLS#: 182799

221 17th Street, Avalon, $1,320,000, UNDER CONTRACT MLS#: 183487

33 W. 27th Street, Avalon, $1,595,000, UNDER CONTRACT MLS#: 183544

214 28th Street, Avalon, $1,650,000, UNDER CONTRACT MLS#: 183841

267 22nd Street, Avalon, $1,695,000, UNDER CONTRACT MLS#: 183655

298 46th Street, Avalon, $2,395,000, UNDER CONTRACT MLS#: 182629

110 117th Street, Stone Harbor, $5,238,000, UNDER CONTRACT MLS#: 182783

1 97th Street, Stone Harbor, $5,395,000, UNDER CONTRACT MLS#: 180303



Properties Sold:

184 26th Street, Avalon, $600,000, SOLD MLS#: 183244

572 21st Street Street, Avalon, $615,000, SOLD MLS#: 180975

48 Seabreeze Lane, Avalon Manor, $775,000, SOLD MLS#: 182965

1668 Ocean Drive, Avalon, $860,000, SOLD MLS#: 182375

225 34th Street, Avalon, $965,000, SOLD MLS#: 182221

4451 Ocean Drive, Avalon, $1,100,000, SOLD MLS#: 176833

3287 Ocean Drive, Avalon, $1,312,500, SOLD MLS#: 181706

5 Marine Way, Avalon, $1,350,000, SOLD MLS#: 182383

306 75th Street, Avalon, $1,695,000, SOLD MLS#: 182841

4101 Ocean Drive, Avalon, $1,800,000, SOLD MLS#: 181136

643 Sunrise Drive, Avalon, $1,805,000, SOLD MLS#: 181502

210 70th Street, Avalon, $1,824,900, SOLD MLS#: 182673

8614 Second Ave, Stone Harbor, $1,999,000, SOLD MLS#: 176852

35 E. 24th Street, Avalon, $2,050,000, SOLD MLS#: 183524

130 26th Street, Avalon, $2,360,000, SOLD MLS#: 181431

56 E. 12th Street, Avalon, $2,375,000, SOLD MLS#: 182824

10725 Sunset Drive, Stone Harbor, $3,350,000, SOLD MLS#: 182865

7109 Dune Drive, Avalon, $3,500,000, SOLD MLS#: 182338

19 S. Pelican Drive, Avalon, $3,650,000, SOLD MLS#: 179797

339 104th Street, Stone Harbor, $5,925,000, SOLD MLS#: 175711

Sign-up for My Newsletter!

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Thinking About Moving to a New City? Here’s What You Need to Know

By Eliot Ward

Perhaps you recently accepted a job offer in a new city, or you just needed a change of scenery and decided now was the time to make that change. Uprooting your life isn't an easy feat—yet, it's exciting and new. You'll get to explore a whole new place and all that that new place has to offer! There'll be new activities, new restaurants, new neighbors, new parks, and more.

Related: Where Are Homeowners Moving in Q3?

What should you know about your new hometown? What research should you do ahead of time to ensure you relocate to a place you'll be comfortable living in? Here's what you need to know:

Look Up the Neighborhoods Before Buying (or Renting) 

The neighborhood makes your home what it is. Check out Google Maps before your big move and get to know the neighborhoods prior to settling on a new place. Maybe even make a list of the advantages and disadvantages to each—it can help make the decision easier.

If your kids are in school, you'll likely want a school facility close by. Do you want them to attend a private or public school? Is there one close by? What about grocery shopping? Is it easy to get to? Do you like to have a gym you can walk to? Are there parks in the neighborhood? Ask yourself these questions ahead of time. Determine their importance to you and your family.

Research the Local Big Activities and Events

With a new city comes a new list of annual events and festivals. Find out what big attractions take place. If your family is into skiing or mountain biking, look to see if there is a place close by to partake in these activities. Plus, finding activities and fun events to look forward to can lessen the impact of a move, such as moving far away from friends and family. It's exciting, but it can also be really tough. Make the best out of it!

Research the Costs of Your New City

This is a big one. Cities come with different price tags. For example, housing prices in the downtown of a large city like New York are going to be far more than a small town, such as Cold Spring, N.Y. Make sure you know what you'll be spending before you commit.

Even grocery prices tend to change. In California, you'll see grocery prices skyrocket in L.A. compared to surrounding towns. Calculate what you can expect to spend in your new city—does it work for your budget? The worst thing that could happen is you move and find out you can't afford your new city. Financial planning makes all the difference, and it can help you avoid future panic or crises.

Moving to a new city can be a great change of pace. Enjoy it—but don't forget to plan for it. Do your research ahead of time and make sure the new city you choose is right for you.

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

There Are Tax Benefits With Home Ownership

Homeownership has always been the "great American dream". And Congress -- with one exception -- did not take it away when it passed the tax reform bill last December.

To foster and encourage this dream, Congress has consistently enacted -- or preserved -- tax legislation which favors homeowners. Indeed, much has been written that our tax laws discriminate against renters, by giving unfair and unequal tax benefits to those who own homes.

Every four years, some candidate for high political office tries to focus our attention on equalizing the tax laws, and repealing the homeowner benefits, but these arguments have consistently fallen on deaf ears.

For those of us who own homes, here is a list of the itemized tax deductions available to the average homeowner. Every year, you are permitted to deduct the following expenses:

Taxes. Real property taxes, both state and local, can be deducted. The one exception referenced above: tax filers can deduct on Schedule A any combination of state and local property taxes and income or sales taxes but only up to a total of $10,000. Interestingly, married couples who file their own separate tax return can only deduct up to $5000.

However, it should be noted that real estate taxes are only deductible in the year they are actually paid to the government. Thus, if in year 2018, your lender held in escrow moneys for taxes due in 2019, you cannot take a deduction for these taxes when you file your 2018 tax return.

.Mortgage lenders are required to send an annual statement to borrowers by the end of January of each year, reflecting the amount of mortgage interest and real estate taxes the homeowner paid during the previous year.

Mortgage Interest. Interest on mortgage loans on a first or second home is fully deductible, subject to the following limitations: acquisition loans up to $1 million, and home equity loans up to $100,000. If you are married, but file separately, these limits are split in half. But note that for new loans taken out after December 14, 2017, the limit on deductible mortgage debt is reduced to $750,000. Loans in existence prior to that date are grandfathered.

You must understand the concept of an acquisition loan. To qualify for such a loan, you must buy, construct or substantially improve your home. If you refinance for more than the outstanding indebtedness, the excess amount does not qualify as an acquisition loan unless you use all of the excess to improve your home. However, any other excess may qualify as a home equity loan.

Let us look at this example: Several years ago, you purchased your house for $150,000 and obtained a mortgage in the amount of $100,000. Last year, your mortgage indebtedness had been reduced to $95,000, but your house was worth $300,000.

Because rates were low last year, you refinanced and were able to get a new mortgage of $175,000. Your acquisition indebtedness is $95,000. The additional $80,000 that you took out of your equity does not qualify as acquisition indebtedness, but since it is under $100,000, it qualifies as a home equity loan.

Several years ago, the Internal Revenue Service ruled that one does not have to take out a separate home equity loan to qualify for this aspect of the tax deduction. However, if you had borrowed $200,000, you would only be able to deduct interest on $195,000 of your loan -- the $95,000 acquisition indebtedness, plus the $100,000 home equity.

One more caveat: the proceeds of a second mortgage -- or a home equity loan -- are still deductible but only if the money is used to substantially improve the property.

The remaining interest is treated as personal interest, and is not deductible.

Points. Because mortgage rates are still considerably low, not too many borrowers are paying points. When you obtain a mortgage loan, in order to get a lower rate mortgage, you would pay one or more points. Whether referred to as "loan origination fees," "premium charges," or "discounts," these are still points. Each point is one percent of the amount borrowed; if you obtain a loan of $170,000, each point will cost you $1,700. And the interest rate on your loan will be lowered.

The IRS has also ruled that even if points are paid by sellers, they are still deductible by the homebuyer. Points paid to a lender when you refinance your current mortgage are not fully deductible in the year they are paid; you have to allocate the amount over the life of the loan. For example, you paid $1700 in points for a 30 year loan. Each year you are permitted to deduct only $56.66 ($1700 divided by 30); however, when you pay off this new loan, any remaining portion of the points you have not deducted are then deductible in full.


Needless to say, if you have any questions about these tax benefits, discuss them with your financial and legal advisors.


Written by Benny L. Kass






Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

August Round Up: Rates Tick Up

In Freddie Mac's results of its Primary Mortgage Market Survey®, mortgage rates were marginally higher over the past week. Sam Khater, Freddie Mac's chief economist, says mortgage rates are showing a steadiness last seen in the fall of 2016. "The 30-year fixed-rate mortgage barely inched up this week, continuing the summer trend of essentially being flat," he said. "While sales and price growth have softened these last few months, this leveling of rates may be helping more buyers reach the market. Purchase mortgage applications this week were once again modestly above year ago levels." Heading into the fall, Khater says the recent slowdown in price appreciation in several markets is good news for the many prospective buyers who were priced out earlier this year. However, despite the economy in the second quarter expanding at its fastest rate in nearly four years, Freddie Mac is still expecting only a slight increase (0.2 percent) in total home sales in 2018 (6.14 million) compared to last year (6.12 million). Added Khater, "Given the strength of the economy, it is possible for home sales to pick up even more before year's end. The key factor will be if affordably-priced inventory increases enough to continue this recent trend of cooling price appreciation." 30-year fixed-rate mortgage (FRM) averaged 4.52 percent with an average 0.5 point for the week ending August 30, 2018, up from last week when it averaged 4.51 percent. A year ago at this time, the 30-year FRM averaged 3.82 percent.  15-year FRM this week averaged 3.97 percent with an average 0.5 point, down from last week when it averaged 3.98 percent. A year ago at this time, the 15-year FRM averaged 3.12 percent.  5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.85 percent with an average 0.3 point, up from last week when it with an average 3.82 percent. A year ago at this time, the 5-year ARM averaged 3.14 percent. Closing Documents You Should Keep On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here's a list of some documents you should file away: HUD-1 settlement statement. Itemizes all the costs - commissions, loan fees, points, and hazard insurance - associated with the closing. You'll need it for income tax purposes if you paid points. Truth in Lending statement. Summarizes the terms of your mortgage loan, including the annual percentage rate and recision period. Mortgage and note. Spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms. Deed. Transfers ownership. Affidavits. Binding statements by either party. Insurance policies. Provide a record and proof of your coverage. How to Improve The Odds of an Offer Pay attention to the following important details for the best offer on your home: Price it right. Set a price at the lower end of your property's realistic price range. Prepare for visitors. Get your house market ready at least two weeks before you begin showing it. Be flexible about showings. It's often disruptive to have a house ready to show at the spur of the moment. But the more amenable you can be about letting people see your home, the sooner you'll find a buyer. Anticipate the offers. Decide in advance what price and terms you'll find acceptable. Don't refuse to drop the price. If your home has been on the market for more than 30 days without an offer, you should at least consider lowering your asking price. The Kind of Smart Homes People Actually Want American's thirst for smart home technology is growing, with more home owners seeking greater control of their home's appliances, lighting, and systems. Indeed, more than 70 percent of about 2,000 adults recently surveyed say they wish they could just control something in their home from their mobile device, according to Lowe's Smart Home Survey. What do they most want to be able to do? The survey showed respondents wanted to be able to adjust the thermostat, turn on the lights, or start the coffee pot before they get out of bed. Besides added convenience, 40 percent of adults surveyed say they believe a smarter home would help them trim costs and save money on their utility bills. Sixty-two percent said they find smart home systems are most beneficial for monitoring safety and security. So with the technology pool in the smart home arena ever-expanding, what's holding back adoption rates? The top considerations holding back respondents from purchasing such products were cost or fees (56 percent); ease of use (13 percent), and security (11 percent). Americans are more than twice as likely to prefer a do-it-yourself solution, without a monthly fee, over a professionally installed/monitored system with a monthly service fee, according to the survey. "In general, Americans feel positively toward products that will make their homes safer, more energy efficient, and easier to manage," says Kevin Meagher, Lowe's vice president and general manager of Smart Home. Lowe's offers Iris, a single user interface that allows home owners to control several aspects of their home from connected devices. "People want DIY solutions that are simple and affordable," Meagher said about the survey results. Written by Realty Times Staff

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

5 Finance Tips to Know When Buying a New Home

Buying a home is a massive financial risk, no matter how prepared you might be. Purchasing a home comes with liability, increased cost of living, unexpected stress, and more time commitments; however, the rewards for buying a home are just as great. Real estate ownership is an opportunity to build wealth in many ways. So be sure to get started on the right foot for a more successful real estate adventure using these 5 basic financial tips below:

Prepare Before Purchasing: If you've been watching the market in your area, you're bound to notice how quickly homes come and go. This can create an urgency to rush the process, jumping on a house before you're truly ready to make the move. Preparation before purchasing real estate is simple, but requires patience.
Get your finances in order. This includes paying down outstanding debts, setting an accurate budget for daily living, and having a clear picture for what you can truly afford. Once you've done this, take the time to save for a larger down payment. Zero-payment down loans and small down payment loans are out there, but they come with many strings attached. There will always be opportunities to buy later, when you're ready.

More Square Footage Equals Higher Cost Of Living: Considering buying real estate to increase your living space? Besides the added cost to your monthly mortgage payment, plan for increases in these bills as well:

• Homeowners Insurance
• Heating and cooling costs
• Larger heating and cooling unit maintenance
• Wter for home and lawn maintenance
• Electricity
• Larger appliance repairs
• Property taxes
• Home furnishings and renovations

Budget For Unplanned Repairs: If a larger home is an uncomfortable increase in cost of living, then you might not be ready for what comes next - inevitable home repairs. Home repairs will be needed on a regular basis. The cost for these repairs will vary widely. But especially with a larger home, you will need to plan on high repair costs as cooling, watering, plumbing, electrical, roofing, etc. are all more extensive systems. While planning your finances for purchasing real estate, add into your budget a savings for home repairs. 

Regularly Inspect Major Appliances: Set aside more room in your budget for regular inspections of major appliances like water softeners, water heaters, home heating and cooling units, and more. Regular inspections and preventative maintenance will save you money in the long term. When these major appliances go unattended and later break down, their repairs (or replacement) is a much higher fee to pay.

Build Equity With Larger Mortgage Payments: A 30-year fixed rate mortgage is standard practice for home buying. But just because everyone else is doing it, doesn't make it the smartest route to take in purchasing real estate. Over 30 years, you'll pay a lot more interest and build equity much slower. The ideal route for purchasing a new home is with a 15-year fixed rate mortgage (unless you have cash, then forget financing!). If that isn't possible, making an additional mortgage payment at least once a year can help to dramatically lower the interest you pay on the overall loan.


Written by Brad Jensen





Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Avalon and Stone Harbor NJ Weekly Update September 6, 2018 #RealEstate #NJ

ALL WEEKEND LONG giant warbirds from a bygone era flew up and down the beaches of Cape May County as part of the annual Airfest at Naval Air Station Wildwood.  The Collings Foundation organized flights aboard World War II-era aircraft, including B-17, B-24, and B-25 bombers, and a TF-51D.  The giant bombers’ engines could be heard rumbling their way around the county as they made numerous flights, at a cost of $400 per passenger and up.  Those not flying aboard the vintage aircraft could have a look at them on the tarmac, and visit other NASW museum displays, while listening to live music and enjoying a beer garden & food.



A World War II bomber flies over Seven Mile Beach Sunday.  Several vintage warplanes flew around Cape May County as part of Naval Air Station Wildwood’s annual Airfest held over Labor Day Weekend.


OPRAH WINFREY made a special visit to nearby Whitesboro this past Saturday.  Winfrey flew aboard her private plane to attend the 30^th Annual Whitesboro Reunion.  Oprah’s long-time partner Stedman Graham grew up in Whitesboro, and also attended the reunion. 

BARRACUDA & WAHOO have been caught in the past couple of weeks.  Large wahoo up to 80 pounds have been landed at the 28-Mile Wreck and Wilmington Canyon, while a 35-pound barracuda was caught just off Townsend’s Inlet last week.  Perhaps the most surprising local catch wasn’t a catch at all: in Longport a large tuna was chasing baitfish and jumped out of the water—and landed on a jetty, where it became stuck.  Two local fishermen were on the jetty—fishing for other species—and one carried the tuna home.  No official weight was reported, but based on its size it appeared to be about 75 pounds.  Tuna often jump when feeding, but finding them close to shore in this area is exceedingly rare, as they prefer much deeper “bluewater” far offshore.

OUR “SECOND SUMMER” BEGINS NOW!  The peak summer months of July & August are now behind us, but we’ve got two wonderful months ahead!  Trade in the heat & humidity for cooler, drier weather, but still-warm ocean water, and smaller crowds.  Locals and seashore regulars know that September & October are a great time to enjoy the best of the shore! 

FALL WEEKENDS bring an array of weekend activities to the area, and there’s a little something for everyone.  Whether you enjoy food, music, fishing, fire trucks, or wildlife, you’ll find a weekend event to match your interest!

UPCOMING EVENTS:

• Creative Writing Seminar, tips & feedback on poetry, memoirs, short stories & articles, Avalon Free Public Library, register at 609-967-7155,  Thursday, September 6
• Avalon Chamber of Commerce End-of-Summer Shop Hop, sales & deals throughout Avalon’s shopping district, Friday-Sunday, September 7-9
• Surf Fishing Tournament, Avalon Community Hall, 6AM registration, 7AM start, Saturday, September 8
• ‘Get in Gear’ Bike & Stroll Event, bikers of all ages & walkers spend a day exploring Seven Mile Island and beyond, enjoy perks & giveaways, visit www.Eventsbyburke.com for more info, Saturday September 8
• Birding with Pat Sullivan, discussion based on her book, ‘Birds & Birding in Cape May’, Avalon Free Public Library, 1-2PM, Saturday, September 8
• Avalon’s Bulk Pick-Up, items to curb now through September 9, Pick-up beginning after 7AM on Monday, September 10
• Avalon’s 911 Remembrance Ceremony, 21^st Street & Dune Drive, 8:45AM, Tuesday, September 11
• Stone Harbor’s 911 Remembrance Ceremony, Freedom Park at 96^th & Seng Place in Stone Harbor, 11AM-1PM, Tuesday, September 11
• 23^rd Annual Nun’s Beach Surf Contest, Nun’s Beach at 111^th Street in Stone Harbor, 7AM, Saturday, September 15
• Tech Workshops, Windows Drop-In from 10-11:30AM, Apple Drop-In from 11:30AM-1PM, help with questions regarding your computer, phone, iPad, software or an app, Avalon Free Public Library, Saturday, September 15
• NJ Firemen’s Parade, New Jersey Avenue, Wildwood & Wildwood Crest, Saturday, September 15^th, 2pm.
• Chris Roach, Comedian, appears at Harbor Square Theater, Saturday, September 15
• Big Band Dance featuring Tony DeLuca, Avalon Community Hall, 7PM, Saturday September 15
• Cape May Traditional Jazz Society concert featuring the Ben Mauger Vintage Jazz Band, VFW Post #386, 419 Congress Street in Cape May, 2-4PM, Sunday, September 16
• Stone Harbor’s Bulk Pick-Up, items to curb up to 72 hours prior to pick-up on Monday, September 17
• Wetlands Institute Fall Migration Festival, 9:30AM-4:30PM, Saturday, September 22
• Stone Harbor’s Savor September Wine, Beer & Food Festival, local wineries & breweries, food, artisans, live music, more, 96^th Street Shopping District, Noon-8PM, Saturday, September 22
• Cape May Light House Full Moon Climb, 8-10PM, Monday, September 24
• Avalon Performing Arts Council concert featuring Jerry Blavat, The Geator with the Heater, Avalon Community Hall, doors open at 6:30PM, show starts at 7:30PM, Saturday, September 29
• Avalon Chamber of Commerce Seafood Festival, artisans, vendors, music, food, chowder contest, more, 30^th Street parking lot & Avalon Community Hall, 10AM-5PM, Saturday & Sunday, October 6 & 7
• Big Band Dance featuring the Fred Hall Band, Avalon Community Hall, 7PM, Saturday, October 13

Featured Property:

On the bay in Avalon Manor with five bedrooms and a boatslip!



130 Meadowview Lane, Avalon Manor, $669,000, ACTIVE MLS#: 174266



New Listings:

7929 Dune Drive, Unit 304, Avalon, $335,000, ACTIVE MLS#: 183716

7929 Dune Drive, Unit 305, Avalon, $349,000, ACTIVE MLS#: 183584

8001 2nd Avenue, Stone Harbor, $519,000, ACTIVE MLS#: 183607

66 E. 20th, Unit 110, Avalon, $699,000, ACTIVE MLS#: 183654

9 E. 21st Street, Avalon, $725,000, ACTIVE MLS#: 183587

164 94th Street, Stone Harbor, $1,149,000, ACTIVE MLS#: 183694

9629 Second Avenue, Stone Harbor, $1,350,000, ACTIVE MLS#: 183710

321 80th Street - Unit C-O, Avalon, $1,389,000, ACTIVE MLS#: 183650

267 22nd Street, Avalon, $1,695,000, ACTIVE MLS#: 183655

237 64th Street, Avalon, $1,795,000, ACTIVE MLS#: 183741

295 67th Street, Avalon, $1,795,000, ACTIVE MLS#: 183733

2786 Ocean Drive, Avalon, $1,850,000, ACTIVE MLS#: 183761

680 3rd Avenue, Avalon, $1,999,000, ACTIVE MLS#: 183659

1859 First Avenue, Avalon, $2,095,000, ACTIVE MLS#: 183707

133 98th Street, Stone Harbor, $2,100,000, ACTIVE MLS#: 183720

295 48th Street, Avalon, $2,100,000, ACTIVE MLS#: 183592

9415 Sunset Drive, Stone Harbor, $2,195,000, ACTIVE MLS#: 183632

216 6th Street, Avalon, $2,695,000, ACTIVE MLS#: 183703

3049 First Avenue, Avalon, $2,795,000, ACTIVE MLS#: 183628

2148 Avalon Avenue, Avalon, $2,950,000, ACTIVE MLS#: 183674

218 119th Street, Stone Harbor, $3,295,000, ACTIVE MLS#: 183577

6580 Greenan Road, Avalon, $3,500,000, ACTIVE MLS#: 183618

145 109th Street, Stone Harbor, $3,595,000, ACTIVE MLS#: 183743

46 E. 22nd Street, Avalon, $3,649,000, ACTIVE MLS#: 183608

168 67th St., Avalon, $7,250,000, ACTIVE MLS#: 183765


Properties Under Contract:

7800 Dune Drive, Avalon, $299,900, UNDER CONTRACT MLS#: 178888

76 W. 28th Street, Avalon, $649,000, UNDER CONTRACT MLS#: 181946

214 28th Street, Avalon, $825,000, UNDER CONTRACT MLS#: 179271

245 34th Street, Avalon, $825,000, UNDER CONTRACT MLS#: 182567

8318 Sunset Drive, Stone Harbor, $899,000, UNDER CONTRACT MLS#: 182855

201 100th Street, Stone Harbor, $1,199,000, UNDER CONTRACT MLS#: 182186

929 Dune Dr., Avalon, $1,495,000, UNDER CONTRACT MLS#: 183145

46 W. 18th Street, Avalon, $1,695,000, UNDER CONTRACT MLS#: 181227

211 65th Street, Avalon, $1,899,000, UNDER CONTRACT MLS#: 182643

286 58 Street, Avalon, $1,950,000, UNDER CONTRACT MLS#: 182385

4020 Dune Dr., Avalon, $2,195,000, UNDER CONTRACT MLS#: 183355

744 21st Street, Avalon, $2,549,000, UNDER CONTRACT MLS#: 183467

11610 Second Ave., Stone Harbor, $4,699,000, UNDER CONTRACT MLS#: 182720

23 Heron Drive, Avalon, $6,495,000, UNDER CONTRACT MLS#: 182849


Properties Sold:

7751 Ocean Drive, Avalon, $430,000, SOLD MLS#: 182404

330 40th Street, Avalon, $640,000, SOLD MLS#: 179278

1116 Stone Harbor Boulevard, Stone Harbor Manor, $825,000, SOLD MLS#: 179706

230 108th Street, Stone Harbor, $1,360,000, SOLD MLS#: 182897

179 114th Street, Stone Harbor, $2,000,000, SOLD MLS#: 181816

361 89th Street, Stone Harbor, $2,285,000, SOLD MLS#: 181000

Sign-up for My Newsletter!

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

How To Get Free Money Or Make Easy Money For Your Down Payment

Want to buy a house but short on cash to get the deal done? It's a common problem that is keeping countless potential buyers on the sidelines. "Money issues often stand in the way of homeownership," said Bankrate. "A survey by rental service Apartment List found that 80 percent of millennial renters want to buy a home, but most say they can't afford to."
A recent story in Apartment Therapy titled "How I Saved $40K in 5 Years for a Down Payment" piqued our interest. Their tip: Get a side hustle and sock all that money away. Those are some Impressive saving skills, but if you're saying to yourself, "I don't even want to wait five months, let alone five years", we have some tips that can help. None of them are quite as hardcore as working a second job late into the night (but if you're just that committed, more power to ya!). Instead, we're focusing on ways to get free money or make easy money.

Get down payment assistance

Many people don't think about looking for down payment help (beyond asking their parents, anyway). And many of those who do think about it don't realize they might be eligible. Yes, many grants and other programs are specifically for low income borrowers, but others have surprising income caps that could spell the difference between buying now and having to wait a while.
"Grants and loans help you cover the upfront costs of purchasing a home," said NerdWallet. In Nevada, for example, prospective homeowners can qualify for a grant of up to 5% of their mortgage to put toward a down payment and closing costs. District of Columbia residents can qualify for a down payment assistance loan of up to 3.5% of their mortgage. The loan needs to be repaid only if you sell, refinance or vacate the property within the first five years. Help isn't reserved for low-income borrowers. Nevada's grant program is available to those with an annual income below $98,500. The D.C. program caps income eligibility at just over $132,000."

Move your money around

You may be aware of intro offers on credit cards that allow you to do a balance transfer to a lower (or zero) interest rate. While these are great options to take advantage of if you are trying to pay off an existing balance at a higher interest rate, be sure to check with a lender before you take on any new credit; if you're looking to buy a house soon, this could ding your credit and make it harder to get a loan.
Credit cards aren't the only place you can take advantage of great offers to save - or make - some money. Open a Chase Total Checking account and you could get a $200 bonus; a new savings account with them could add another $150 if you meet the requirements for both. Discover has a similar offer.

Sell your stuff

You might be shocked to learn how much you can make just by selling the stuff you already own - and probably don't want to take with you to your new place anyway. Garage sales can yield a couple hundred dollars, depending on the crowd and the goods. Craig's List is a great place to list items you don't want to let go of for a couple bucks at the crack of dawn on a Saturday. Everything from gold and other jewelry to silverware and old phones can be listed online. Furniture, art, and designer clothing can fetch more money at a consignment shop.

Switch providers

Seeing great deals out there for cable/satellite and Internet that are far better than what you're getting? Packages that offer super low prices to everyone but existing customers are frustrating. Don't be afraid to look around, even if you're planning a move in the next few months. Providers typically have a moving package that will allow you to transfer your service to your new address for free.
If you called your existing provider and you're getting stonewalled, call again and ask for the loyalty department. Our recent call to DISH resulted in a $70 monthly savings and upgraded equipment at no cost. This was a far better deal ($65 a month better, and no $100 new equipment fee) than we were offered by customer service.

Ask your boss for a flexible schedule

Working from home one day a week can save on gas, tolls, and even daycare if you're in a situation where your young child could behave while you're working alongside her and your daycare will work with you on price for using them four days per week instead of five. Some employers will also allow you to work more flexible hours on a daily basis so you could leave in time to pick your child up from school and forgo after-school care. Letting them know you're saving for a house may help elicit the cooperation you need.

Collect plastic bottles

If you drink bottled water and are accustomed to putting all the bottles in your recycling bin, collect them and sell them back to make a little extra cash. Will it be life-changing money? No. But it may be enough to enjoy a meal out here and there during your super-saving mode, or pay for a few knickknacks after you move. "The number of bottles that recycling centers will pay per bottle depends on the type of plastic, as well as how many you have," said Small Business. "Michigan pays 10 cents a bottle whereas most other states pay anywhere from a few pennies to 5 cents for each bottle. Check with the recycling center that you intend to use for its rules. Some prefer that you keep caps on the bottles or if they don't accept them at all."

Negotiate your closing costs into the deal

This isn't exactly free money because you end up paying for the closing costs anyway (albeit over 30 years), but if you're a little short on cash getting in, adding the closing costs into the mortgage could get you where you want to go faster. Even better: If the seller will pay the closing costs! This could save you thousands of dollars upfront.

Research alternative mortgages


It could be that a different kind of loan than the traditional 30-year mortgage or FHA loan could greatly cut down on your down payment and also save you money monthly. USDA loans for homes located in certain rural areas may require no down payment. VA loans offered through the U.S. Department of Veterans Affairs "help active-duty military members, veterans and surviving spouses buy homes" with zero down payment, said Bankrate. HUD's Neighbor Next Door program "is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities," according to the HUD site. "HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties."


Written by Jaymi Naciri




Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Clever And Creative Ideas For Kids' Study Areas

The school year has started, and that probably means your kids are doing their homework: sprawled on the bed, on the couch in front of the TV, on the floor, or at the dining room table. It probably also means their stuff is everywhere and the distractions are making it hard from them to properly concentrate. You can address the mess, and give them a dedicated space to study, even if your place doesn't have a separate home office option.
No matter where you create your study area, make sure you stick it well. Having everything they need on hand will help keep them on task and eliminate excuses for getting up. That means notebooks, pens and pencils, a pencil eraser, a calculator, and also a comfy, supportive chair, and task lighting if the existing lighting isn't bright enough.

Borrow the bedside

With a bed, dresser, and two nightstands, it may seem like there's no place in your child's room for a desk. There may be if you ditch one of those nightstands. A small desk placed next to the bed can double as a place to keep her phone and bedside lamp, and the less matchy-matchy look will invite some eclectic style.

Overhaul the hallway

"American standards call for a minimum 36-in.-wide hallway in most circumstances," said Houzz. So, if your home is blessed with an extra-wide one, you may have a study area in the making. Find a long, narrow desk so it doesn't impede passage.

Create a cool nook

Maybe you just think you don't have a proper spot for a study area. What about the space next to your fireplace? You know, the one that's meant to house your TV. The TV you put over the fireplace. You can easily and inexpensively turn that nook into a chic study space that will look like it was meant to be used that way. Check out all these desktop options for under $100 at IKEA.

Make smart space decisions

We love this built-in desk just adjacent to the kitchen, especially with the lively pop of yellow. Your floorplan may not be able to accommodate this, but you can get creative with a modern secretary desk that looks sleek, gives you some needed storage, and has a drop-down desk that folds away when not in use.

Clean out the closet

A hall closet or unneeded closet in an extra bedroom can beautifully transform into a great study area, and the best part is that it all disappears when you close the doors.

Tailor the table

Having your child hunkered down at the dining room for homework time may not be ideal, but it also may be your only or best option. You can help him stay organized and minimize the chaos with creative storage solutions. A banquette offers hidden storage that could be a great answer for all the supplies your child needs for daily homework and studying. If that's not a reality, a fully-stocked bin they can take out of a pantry or cabinet and return when they are done is an easy answer for quick cleanups.


Written by Jaymi Naciri




Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com