Monday, January 11, 2010

211 Hickory Tavern Road, Gillette, NJ - Great New Price!!!

Classic circa 1870's home in the heart of historic downtown Meyersville. Includes large barns currently being used as antique/furniture refinishing business. Close to restaurants, shopping and recreational activities. Convenient to Rt 24, Rt 78 and NYC transportation. Zoned Residential/Village Business. Being sold "as is".

For more information please feel free to contact me or visit my website @

Wednesday, January 6, 2010



86 Homes sold

Average sales price - $539,647


56 Homes sold

Average sales price - $498,513

Long Hill Township saw a 7.6% decline in average sales price from 2008 to 2009. We have definitely seen a “slow down” in the Long Hill market over the past 6 months. With the interest rates still at record low numbers, and the first time home buyers tax credit extended, we are looking for the home sale numbers to pick up over the next few months.

For more information do not hesitate to contace me or visit my website @

Facts about the Home Seller Tax Breaks:

Almost everybody has heard about the $7500 tax credit for first-time home buyers, but what about tax breaks for home sellers? Home sellers enjoy a tremendous tax benefit upon resale. Internal Revenue Code Section 121 authorizes an “exclusion” — escape from income taxes — for profits from home sales. The exclusion is as much as $500,000 for married couples who file joint returns, and $250,000 for single filers and couples who file separate returns. What happens, though, when the gain is greater than the exclusion ceiling of $500,000 or $250,000? Answer: The excess is taxed as a long-term capital gain at a maximum rate of 15 percent, plus applicable state taxes. The key requirement: Own and live in the property as your principal residence for periods aggregating at least two out of the five years ending on the sale date, and at least two years must have elapsed since you last used the exclusion.

For more information do not hesitate to contact me or visit my website @