September 2008
Prudential New Jersey Properties to host outdoor dog festival at Horseshoe Lake Island
Roxbury office fundraiser to benefit The Sunshine Kids Foundation
ROXBURY, NJ (September 25, 2008) – Prudential New Jersey Properties’ Roxbury office will host its first annual Walk ‘n’ Wag – an outdoor festival for dogs and their owners – on Horseshoe Lake Island in Succasunna on Oct. 18 from 11 a.m. – 3 p.m.
All proceeds from the event will benefit The Sunshine Kids Foundation, a non-profit organization that provides positive group activities for children with cancer. The event will include a dog costume contest, micro-clipping clinic, grooming stations, “dog-sitting” services, as well as a pet portrait artist.
“Dogs and their families will get to have fun, while supporting the great work of The Sunshine Kids,” says Susan Rieseback, an associate with Prudential New Jersey Properties’ Roxbury office. “Our goal is to bring families together under a common and worthwhile cause.”
Admission is $10 per owner and dog, and $5 for each additional dog, at the entrance. Children five years old and younger are free. Additional donations will also be accepted.
More information about Walk ‘n’ Wag is available by contacting Riesback at the Roxbury office, 973-252-4044, ext. 211.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Roselle resident appointed to Prudential New Jersey Properties sales team
Dorothy Hanna joins company’s Westfield office
WESTFIELD, NJ (September 25, 2008) – Prudential New Jersey Properties has appointed Roselle resident Dorothy Hanna to its Westfield sales team. Hanna will assist home buyers and sellers throughout Union and Middlesex counties.
“Dorothy’s dedication to giving her clients one-on-one attention makes her an outstanding addition to our office,” said Marge Cuccaro, office manager. “Home buyers and sellers will benefit from her commitment to customer satisfaction and strong work ethic.”
Hanna is a recent graduate of the New Jersey School of Real Estate and a member of the Garden State Multiple Listing Service and the Greater Union County Association of REALTORS®. She earned her bachelor’s degree from William Patterson University in Religious Education and a Master’s certificate in Project Management. In addition, Hanna is an active member of the NAACP and The Refreshing Springs Community CDC Youth Coordination.
Information on home buying and selling in the area, and access to all real estate-related services is available by contacting Hanna at the Westfield office of Prudential New Jersey Properties, located at 215 North Avenue West, at 908-232-5664, ext. 104. Details on the Prudential Advantage and a career in real estate are available by contacting Marge Cuccaro at the Westfield office.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesReferral Associates of New Jersey accepting applications
Career opportunities available for new and established real estate professionals
ROXBURY, NJ (September 22, 2008) – Referral Associates of New Jersey (RANJ) – an affiliate company of Prudential New Jersey Properties – is currently accepting applications for real estate-mind individuals interested in referral activities.
“We offer the perfect solution for anyone who wants to pursue a career in real estate but doesn’t know where to start,” says Bernie Goodman, the administrative director of RANJ. “And, professionals who are taking a break from the field can keep their credentials active by signing up.”
Candidates must have a valid real estate or real estate commission license in order to become affiliated with the program. Once accepted, RANJ will assist non-licensed individuals in obtaining the appropriate real estate certifications through the American Business School.
“Approximately one in four American families move each year, so there is definitely an opportunity for success,” says Goodman. “Our professionals simply seek out the information and process it.”
Currently, RANJ holds 700 licenses for referral agents, who can send residential real estate leads to anyone in the world. While many agents utilize personal and business contacts, others seek out civic, social, religious, and professional associations to develop referrals.
More information about RANJ and its real estate program is available by contacting Bernie Goodman at 973-252-4044.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Prudential NJ Properties honors its top associates in Morris County for July
DENVILLE OFFICE’S ASSOCIATE OF THE MONTH FOR JULY– Prudential New Jersey Properties’ Denville office has named Philip Migliaccio its Sales Associate of the Month for July, recognizing him for high sales performance and superb customer service. Information on Morris County properties, and all real estate-related services, is available by contacting Migliaccio at 973-625-1250.
MORRISTOWN OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Morristown office has named Lynn Pearl its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Morris County properties, and all real estate-related services, is available by contacting Pearl at 973-538-5555.
ROXBURY OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Roxbury office has named Terry Fappiano its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Morris County properties, and all real estate-related services, is available by contacting Fappiano at 973-252-4044.
ROXBURY OFFICE’S SALES TEAM OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Roxbury office has named the Bob Idakaar Team its Team of the Month for July, recognizing them for high sales performance and superb customer service. Led by Bob Idakaar, the team was also honored as the company’s Top Listing Team of the Month. Information on Morris County properties, and all real estate-related services, is available by contacting the Bob Idakaar Team at 973-252-4044.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesPrudential New Jersey Properties to host “twilight open house” at exclusive active adult community in Warren Township
Tour several property models open to public on Oct. 1
Additional pictures and floor plans available at http://www.thegalisgroup.com/listings.asp
WATCHUNG, NJ (September 18, 2008) – Prudential New Jersey Properties will host an open house event at the Four Seasons at The Promenade, an exclusive active adult community in Warren Township, on Oct 1., 5 p.m. – 8 p.m.
Paul Galiszewski and Julie Bowman, from the company’s Watchung office, and Elke Hendershot and Connie Radlof, from the Martinsville office, will be available to take visitors through several of the development’s townhomes and single family house models.
“The Promenade has plenty of options for homeowners and interiors can be customized to meet anyone’s needs,” says Paul Galiszewski, leader of The Galis Group from the company’s Watchung office. “The overall architectural theme of the community imitates the elegant French country manor style.”
Interested buyers will be able to tour four models currently available within the community – The Aspen, The Cabernet, The Nottingham, and The Sauvignon. Each of these models features spacious kitchens, hardwood flooring, formal dining rooms, and a two-car garage.
“The homes were built to accommodate the needs and desires of individuals looking to retire,” says Galiszewski. “There is plenty of space to have overnight guests, such as grandchildren, as well as many fun recreational options.”
Built by K.Hovnanian Homes™, the Four Seasons at The Promenade is a gated community and includes a clubhouse and recreation center, indoor and outdoor pools and spas, a state-of-the-art fitness center, outdoor kitchen, bocce courts and a beautiful community garden.
Warren Township is known throughout New Jersey for its excellent municipal services, rural scenery, and easy access to Manhattan. A haven for golf enthusiasts, the township is located near several prestigious courses, including Trump National in Bedminster, Twin Brooks Country Club in Watchung, and the Basking Ridge Country Club. In addition, Somerset County offers its residents upscale shopping, restaurants, and entertainment – including a variety of theatres, festivals, and museums.
Additional information on The Four Seasons at The Promenade, as well as other listings in the Somerset County-area, is available by contacting Prudential New Jersey Properties’ Martinsville office at 732-469-1515, or its Watchung office at 908-753-4450.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesPrudential NJ Properties honors its top Hunterdon County associates for July
CLINTON OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Clinton office has named Del Ragsdale, Jr. its Sales Associate of the Month for July, recognizing him for high sales performance and superb customer service. Information on Hunterdon County properties, and all real estate-related services, is available by contacting Ragsdale at 908-735-9700.
FLEMINGTON OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Flemington office has named Linda Reciniello its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Hunterdon County properties, and all real estate-related services, is available by contacting Reciniello at 908-782-0711.
Press contact AllisonCassara
Top of Page | Back to HeadlinesPrudential NJ Properties honors top Princeton associate for July
PRINCETON OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Princeton office has named Debbie Lang its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Mercer County properties, and all real estate-related services, is available by contacting Lang at 609-430-1288.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesPrudential NJ Properties honors top July associates in its Union County offices
NEW PROVIDENCE OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ New Providence office has named Lynn Boyer its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Union County properties, and all real estate-related services, is available by contacting Boyer at 908-464-5200.
SUMMIT OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Summit office has named Christina Echaniz its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Union County properties, and all real estate-related services, is available by contacting Echaniz at 908-347-4839.
WESTFIELD OFFICE’S ASSOCIATE OF THE MONTH FOR JULY – Prudential New Jersey Properties’ Westfield office has named Patricia Greiff its Sales Associate of the Month for July, recognizing her for high sales performance and superb customer service. Information on Union County properties, and all real estate-related services, is available by contacting Greiff at 908-232-5664.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesFor Sale By Owner: 9 percent of New Jersey residents selling homes without real estate professional
Prudential NJ Properties Morristown broker breaks down the transaction process
MORRISTOWN, NJ (September 15, 2008) – According to the New Jersey Association of REALTORS®, nine percent of homes across the state were sold without a realtor in 2007, compared to 10 percent in 2005.
“When a home sells fast without a real estate professional, the transaction is usually between family members or close friends,” says Jeff Halpern, manager of Prudential New Jersey Properties’ Morristown office. “Otherwise, there is a lot of work that goes into selling.”
With more than 20 years of experience in the realty industry, Halpern is a broker and office manager at Prudential New Jersey Properties’ Morristown office. He is also a member of the National Association of REALTORS®, the New Jersey Association of REALTORS®, and the North Central Jersey Association of REALTORS®, where he currently serves as a board member.
“Deciding to put a home up for sale is a big decision, and real estate agents are the most knowledgeable resource a homeowner can turn to for support,” says Halpern. “Our associates are always available to help with, and explain, every detail so clients have less to worry about.”
Halpern has highlighted five main points sellers should consider before putting a “For Sale By Owner” sign on the front lawn:
Research: A huge part of the real estate process is research, not only to justify the pricing of a home but to also present to buyers. Find out the prices of other homes in the area and obtain a Comparative Market Analysis to make sure a property is not over- or under-priced. Potential buyers are also going to want information on the local school district, private and parochial schools nearby, municipal services, and tax rates.
Marketing and Advertising: In today’s market, it is very important to have a marketing and advertising plan that will make a property stand out. Contact advertisement representatives at key newspapers and magazines in the area for placement and ad rates. Also, sellers should read up on Federal and State Fair Housing Laws to make sure their copy doesn’t violate any guidelines set by authorities. Sellers may also want to consider developing a relocation action plan, for buyers who live in a different town or another state.
Financial Issues: Financing options can often make or break a deal. Meet with local banks and lenders to determine alternatives for prospective buyers that you are willing to consider – Federal Housing Assistance loans, Veteran Affairs loans, or Carryback. Once a buyer is secure and financial arrangements have been made, sellers will need to follow-up on mortgage contingency dates, closing dates, and other pertinent information.
Legal Paperwork: It is important to have all legal matters disclosed – especially to the buyer. Real estate agents have received the proper education on how to handle and fill out important paperwork, saving clients the hassle of doing it themselves. Homeowners who decided to forgo utilizing a sales associate must obtain a deposit receipt, offer to purchase form, buyer’s cost sheet, and seller’s disclosure form. While not required by the state, Halpern suggests contacting an attorney to represent and assist “For Sale By Owner” sellers.
“Real estate transactions can often be complicated and very stressful for homeowners who choose to sell without an agent,” says Halpern. “That’s why professionals make themselves readily available to provide assistance with any aspect of the real estate process.”
Information on home buying and selling in the area, access to all real estate-related services, as well as details on the Prudential Advantage is available by contacting Halpern at Morristown office of Prudential New Jersey Properties, located at 17 Elm Street, at 973-538-5555.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
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Prudential NJ Properties goes cruising with "The Kids"
CRUISING WITH “THE KIDS” – Representatives of Prudential New Jersey Properties enjoy the scenery during the company’s annual summer cruise to benefit The Sunshine Kids – a non-profit organization that provides positive group activities to North American children with cancer. The company’s associates, along with some of “The Kids,” enjoyed breathtaking views of the Statue of Liberty and the Manhattan skyline.
Pictured from left to right: Chris Brown (Prudential NJ Properties’ executive vice president), Ernest Shaflin, Barbara Shaflin (Prudential NJ Properties’ Middletown office associate), Pat Bishop (Prudential NJ Properties’ West Essex office associate), Steve Jannett (Prudential NJ Properties’ senior vice president), Amy Weltner (Prudential NJ Properties’ Millstone office associate), Paul Della Valle (Prudential NJ Properties’ West Essex office associate)
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesFresh Air Fund receives grant for Somerset County operations on behalf of Prudential New Jersey Properties’ Martinsville associate
Hillsborough resident making a difference in the lives of inner-city kids
MARTINSVILLE, NJ (September 8, 2008) – Hillsborough resident Jody Berkowitz – a realtor-associate at Prudential New Jersey Properties’ Martinsville office – was awarded a Prudential CARES grant for her work with the Fresh Air Fund. The organization that has provided more than 1.7 million inner-city kids with two week vacations to the country.
Since 1991, Prudential Real Estate Affiliates has awarded more than $9.6 million in grants through its Prudential CARES Foundation to active and retired associates, who volunteer with non-profit organizations in their communities.
Berkowitz will use the grant money to provide Walmart gift cards to each participating child for the purchase of back-to-school supplies.
“Jody epitomizes real estate professional,” says William O. Keleher, chairman and CEO of Prudential New Jersey Properties. “Not only does she work hard to meet clients’ goals, she goes above and beyond to give back to her community.”
Berkowitz oversees the Fresh Air Fund’s Somerset County, NJ operations, which includes recruiting host families in the area to planning group activities for the children, many who come from New York City. This year, 14 Somerset County families assisted the organization to provide a two-week vacation for Fresh Air Fund kids.
“Jody always puts others before herself, whether it is working with a non-profit organization, or a client,” says Frank Torre, co-manager of the Martinsville office. “This grant is a testament to her dedication when it comes to helping others – as both a real estate professional and a volunteer.”
Berkowitz has been a member of The Jannone Team – led by Brian Jannone, the former mayor of Bound Brook – for the past 14 years. Known for their superior customer service, the team was named “Best Real Estate Team in Central New Jersey” by the Courier News in 2006 and again 2007.
For more information on the Fresh Air Fund’s Somerset County activities, contact Berkowitz at 908-359-0509, or visit its Web site: www.freshair.org.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
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Press contact AllisonCassara
Top of Page | Back to HeadlinesPrudential Real Estate Ranked Highest for Seller Satisfaction in J.D. Power and Associates’ 2008 Home Buyer/Seller StudySM, Prudential New Jersey Properties Announces
Prudential Real Estate Ranked Highest for Seller Satisfaction
in J.D. Power and Associates’ 2008 Home Buyer/Seller StudySM,
Prudential New Jersey Properties Announces
SOMERSET, NJ (September 4, 2008) – Prudential Real Estate Affiliates, Inc., a Prudential Financial, Inc. [NYSE: PRU] company, and Prudential New Jersey Properties announced that Prudential Real Estate ranks “Highest Satisfaction for Home Sellers Among National Full Service Real Estate Firms” in J.D. Power and Associates’ 2008 Home Buyer/Seller StudySM.
The inaugural study measures customer satisfaction of home buyers and sellers with major national real estate companies. Overall satisfaction is determined by examining four factors for the home selling experience: agent (43%); marketing (38%); office (12%); and services (7%).
Among home sellers, Prudential Real Estate achieved a score of 793 on a 1,000-point scale – and Prudential Real Estate received particularly high ratings from customers in the marketing and office factors.
“We are very proud of this distinction, as it underscores the quality of our affiliates and their hard-working sales professionals,” said Laurie Keenan, president of Prudential Real Estate Affiliates, Inc. “Our sales professionals are local experts, and sellers appreciate their ability to market and price homes right -- along with providing exceptional, attentive service.”
The team at Prudential New Jersey Properties works hard to not only meet, but exceed the expectations of its clients – sellers and buyers, explained William O. Keleher, Jr., Prudential New Jersey Properties’ chairman and CEO.
“In the current challenging market, our clients want all the expertise and market knowledge we can offer – and by leveraging Prudential’s brand strength, its wide array of product and service offerings and its strong Internet marketing programs, we can provide sellers with the increased exposure they need,” says Keleher.
The J.D. Power and Associates study finds that despite the popularity of home buying and selling resources on the Internet, the real estate sales professional remains key to customer satisfaction with real estate companies. A large proportion of both home buyers and sellers rely on the Internet to facilitate the buying or selling process, with 68 percent of buyers saying that they used Internet tools to help them in the purchase process and 61 percent of sellers reporting that they used a website listing to market their home. In addition, among sellers, online methods are the most important aspect of marketing.
However, the sales professional carries the greatest importance among the factors that comprise overall satisfaction among both home buyers and sellers.
According to J.D. Power and Associates, although the Internet provides home buyers and sellers with the ability to perform some essential tasks – such as listing a home for sale or researching a neighborhood in which to purchase a home – it still does not replace the importance of a good sales professional. Particularly in an uncertain real estate market, professional advice from sales professionals can be especially valuable to buyers and sellers. The knowledge and expertise provided by experienced sales professionals is an important benefit of using a full-service real estate company.
The study also finds that the average time a respondent’s home remained on the market was slightly more than six months, although home sellers represented by the top-ranking real estate companies report that their homes were on the market for slightly less time – approximately five and a half months, on average.
Satisfaction averages 794 among those customers whose homes sold within five months or less, but declines considerably to an average of 730 among customers whose homes took seven months or longer to sell, the study showed. A real estate company that provides sales professionals who are skilled at determining the appropriate market value and listing price for homes, and who can effectively market properties, can help minimize the time that clients’ homes remain on the market – which can save the seller money, inconvenience and anxiety.
Nearly one-half of respondents in the study (46%) reported using recommendations from family or friends to find their real estate sales professional. Approximately 28 percent used the Internet, 23 percent used a sales professional they had used previously and 11 percent used a printed real estate guide.
The study also reports that home buyers were shown an average of 13 homes before they made a purchase. Home sellers reported that, on average, their home was shown 11 times, and about five open houses were conducted before a sale occurred.
The 2008 Home Buyer/Seller Study includes 3,670 evaluations from 3,205 respondents who bought or sold a home between April 2007 and June 2008.
About J.D. Power and Associates
Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on cell phone ratings, car reviews and ratings, car insurance, health insurance and more, visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.
About Prudential New Jersey Properties
Based in Somerset, Prudential New Jersey Properties offers resale, new homes, fine homes and resort properties as well as relocation, mortgage, title and insurance services. With 24 offices and more than 800 sales associates serving 11 counties -- Essex, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Somerset, Sussex, Union and Warren -- PNJP is the state's largest Prudential Real Estate Affiliate and the second largest independently-owned residential real estate company. For more information, visit http://www.PruNewJersey.com or contact the home office in Somerset at 1-800-526-3845.
About Prudential Real Estate and Relocation Services, Inc.
Prudential Real Estate and Relocation Services, Inc. is Prudential’s integrated real estate brokerage franchise and relocation services business. Prudential Real Estate franchises are independently owned and operated. Companies are selected based upon outstanding performance records, high levels of customer service and shared business values with those of Prudential. Prudential Real Estate provides franchises with business strategies using Operation Reviews as well as numerous benefits, including access to Prudential Real Estate’s Online Seller AdvantageSM program designed to provide real-time information to sellers with the touch of a keystroke. Prudential Real Estate is one of the largest real estate brokerage franchise networks in North America, with nearly 2,100 franchise offices and approximately 64,000 sales professionals in the franchise Network as of June 30, 2008.
About Prudential Financial, Inc.
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $638 billion of assets under management as of June 30, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth. The company’s well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit http://www.news.prudential.com/.
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