NCJAR Market Data is a comprehensive report that provides valuable insights into the real estate market in the North Central New Jersey region. It includes key metrics such as median listing price, average selling price, number of active listings, and the average days a property stays on the market, among others. This dynamic tool serves as a valuable resource for Realtors, buyers, and sellers, assisting them in making well-informed decisions in their real estate transactions.
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NCJAR Weekly Updates: New Guide, Networking Social, and Circle of Excellence Awards
Carolyn Bardach, NCJAR's 2025 President-Elect, shares exciting updates, including the release of NAR's new "Consumer Guide to Pricing Your Home," a must-read for homeowners and realtors alike. She also highlights the upcoming NCJAR Networking Social on February 27th at Thatcher McGee's in Denville and congratulates NCJAR's 2024 New Jersey Realtors Circle of Excellence Sales Award winners. Carolyn encourages members to visit NCJAR.com for all the latest updates and resources.
For questions, please email NCJAR at
Listing Agreement Overview Webinar Recording
Watch the webinar recording of NJ REALTORS® General Counsel Yuliya Tedeschi and Conor Hennessey, Partner at Greenbaum Rowe Smith & Davis, as they review the brand new Residential Listing Agreement and accompanying forms.Watch the webinar recording of NJ REALTORS® General Counsel Yuliya Tedeschi and Conor Hennessey, Partner at Greenbaum Rowe Smith & Davis, as they review the brand new Residential Listing Agreement and accompanying forms.
CLICK TO WATCH THE RECORDING HERE
For questions, please email at
Monday, February 17, 2025: NCJAR Office CLOSED for President’s Day
In observance of President's Day, the NCJAR board offices will be closed on Monday, February 17, 2025.
We will resume regular business hours on Tuesday, February 18, 2025, from 9:00 AM to 4:30 PM.
Enjoy the holiday, and we look forward to connecting with you soon!
For questins, please contact us at
New Consumer Guide: Escrow and Earnest Money
For many homebuyers, the journey from signing a contract to closing on their dream home includes navigating an important step: depositing money into an escrow account. Working with a REALTOR® can make this process smoother, as they can guide you on making a strong offer while safeguarding your deposits. Here's what you need to know about escrow and earnest money.
What is Escrow?
Escrow is a financial arrangement where a neutral third party, such as an attorney or a settlement agent, holds funds until all the terms of the contract are met. For buyers, this means that the money deposited into escrow will often go toward your down payment or closing costs once the deal is finalized.
Escrow accounts can also be used to cover other costs, such as property taxes and insurance premiums, ensuring these expenses are managed seamlessly. This safety net helps protect both buyers and sellers throughout the transaction.
What is Earnest Money?
Earnest money, also known as a “good faith deposit,” is paid by the buyer to show they are serious about purchasing the home. This deposit is typically a percentage of the home’s purchase price or a fixed amount agreed upon during negotiations.
Unlike a down payment, earnest money is not applied directly to the purchase price but is held securely in an escrow account until the sale is finalized or a resolution is reached in the case of disputes.
The purpose of this deposit is to demonstrate the buyer’s commitment to the transaction and provide the seller with reassurance that the buyer intends to follow through with the purchase.
BRUNCH & LEARN: Boost Your Real Estate Business with Steve Black!
When: Tuesday, February 18, 2025
Time: 12:00 PM - 2:30 PM EST
Where: The Grove at Randolph
Are you ready to elevate your real estate game in 2025? Join us for an exclusive Brunch & Learn event with National Speaker & Trainer Steve Black!
Steve will dive into cutting-edge strategies on Simple AI, Social Media techniques, and Personal Branding that are guaranteed to help you stand out and grow your business.
What you’ll take away:
- Proven AI tools to streamline your process
Morristown, NJ 07960
(973) 425-0110