Providing the Highest Level of Service for You!

 

Thank you for visiting my web site. This will be your comprehensive information tool for all your real estate needs:  a "one stop shopping" from pre-approval through our trusted partners, Atlantic Home Loans, Buyer Tours, making an offer and all the way to closing.

If you are just curious or if you are preparing your home for sale, I hope you will find my new EZ HOME ANALYSIS page helpful.

You may also want to sign up for my monthly newsletter with up-do-date information on all real estate needs as well as valuable information for home owners. If you are a client of mine, please sign up for this helpful tool.

                          Best regards,

                                         Till Horkenbach

Reviews on Zillow
3606250
"Till made our first home buying experience a dream. Every time we met with him to look at houses, he was professional, patient, knowledgeable, and ... more "
5.0/5.0
by ericwehrle
3478989
"Till helped us find our new home last fall. He was courteous and respectful. He was knowledgeable about our town and it's old houses. He helped us use ... more "
5.0/5.0
by Nurhan.

Till Horkenbach reviews Real Estate Fanatic - Zillow

Featured Listings & Exclusive Listings

2008 Completely Renovated Colonial

5 Bedroom, 3.5 Baths High End Finishes Troughout $1,250,000 

Click for Tour

 

Sold - Ridgewood 

5 BR's and 3 full Bths    Old Country Club Section

Click for Tour

Sold - Multiple Offers!  Renovated Ridgewood Colonial

Park-Like Living


SOLD - RIDGEWOOD - BEAUTIFUL            5 BEDROOM, 2. BATHS 

Lovely Colonial in Wastena Park 

SOLD - MULTOPLE OFFERS!!!

Midland Park Colonial on very deep lot, 5 bedrooms, 2.5 baths with finished basement. $549,000

 *****

Till Horkenbach, New Jersey REALTOR® Associate

Top Agent of the Keller Williams Village Square Realty team in Ridgewood 2011-16

Five Star Real Estate Agent for 5 consecutive years

NJAR® Circle of Excellence Sales Award® 2011-16

KW Medallion Award 2012-16 with over 169 real estate transactions  

*****

Keller Williams is the  largest real estate franchise company in the nation . Keller Williams Village Square Realty in Ridgewood is the fastest growing office in the area and the top performer in the area based on dollar-volume and #1 in our region in 2012-17.

Till Horkenbach is a marketing specialist concentrating on  properties for sale in these areas:

North West Bergen County:

Allendale | Franklin Lakes | Glen Rock | Ho-Ho-Kus | Mahwah | Midland Park | Oakland | Ramsey | Ridgewood | Saddle River | Upper Saddle River | Waldwick | Wyckoff

Central Bergen County:

Fairlawn | New Milford | Oradell | Paramus | River Edge | Teaneck

Pascack Valley:

Hillsdale | Montvale | Park Ridge | River Vale | Washington Township | Westwood | Woodcliff Lake | Old Tappan | Northvale | Norwood | Closter | Demarest | Creskill | Dumont

Till Horkenbach on Zillow Till Horkenb…


Till Horkenbach - Agent with KELLER WILLIAMS REALTY Till Horkenbach - Agent with KELLER WILLIAMS REALTY

Your most comprehensive one-stop source for all your real estate needs in Northern Bergen County, NJ. 

Whether you are a buyer looking for real estate, seller looking for market information or a renter, you will find this site to be a useful tool that will give you all  the resources you need to get started. 
Here you will find links to official town web sites in the
community section.

"I focus on my client's needs, tailor an individual strategy to achieve their goals and provide them with expertise in real estate marketing and negotiation and extensively market their home and not just list their property."

So whether you're buying, selling or renting, feel free to contact me and I will be happy to help you with all your real estate needs.

The Impact of Rising Interest Rates & Their Calculation

Every 1%-point in mortgage rate increase will reduce a buyer's "buying power" by 9%. (For example at a rate of 3.5% a 400K loan will cost about $1,800/mo and at 4.5% a 400K loan will cost just under $2,000/mo). That means that a buyer will soon look at inventory that is currently priced 9% less! 

If a buyer has not found a home by now, s/he may not find a home when interest rates continue to rise. Not only does the buyer have to deal with higher monthly payments but also with climbing home values in this tight real estate market ... (Click HERE to see the short video with Doug Duncan, Fannie Mae's Chief Economist, why home prices will still rise with rising interest rates.)

The time to buy is NOW!!! 

 

Our Local Market Snapshot 

ALL New Jersey home sales activity increased in July by 5% for the 3rd consecutive month compared to July 2016. Considering the 2% increase in July 2016, home sales have increased at a compounded rate of 7% over the past 2 years. This latest gain was the highest number of purchase contracts recorded in the month of July since 2005, signaling high demand.      Overall, on a Y-T-D level home sales have increased by 6%. ALL NJ Unsold Inventory declined to one year ago, equating to 4.3 months of inventory compared to 5.3 months in 2016. 

ALL NJ Unsold Inventory declined by more than 14% compared to one year ago, equating to 4.3 months of inventory compared to 5.3 months in 2016.


The largest gain in # of Home Sales occurred for homes priced between $1M and $2.5M, rising by 11%. Homes priced below 600K have seen the smallest increase, mainly due to the lack of inventory.


Bergen County NJMLS reports that for the first 8 months ending July Y-T-D Residential Closed Sales increased by 5.5% compared to the same period in the prior year. Y-T-D Pending Sales are also up by 3.8%.For the month of August Pending Sales increased by 0.3%. All year Buyers competed against multiple offers due to the increased activity: NJMLS.com hits were up by 5.3%, Open House Counts were up by 24.3% and the Average Days-on-Market dropped by 12.9% to 61 days.That means that during the usually quieter summer months of 2017, more buyers were looking on-line, more agents responded with more open houses and consequently houses sold faster, resulting in a 2.5% increase of the Median Sales Price.

Additional pressure is being added by the continuous lack of new inventory. Y-T-D the number of new listings is down by 3.4%. Consequently, the market remained in favor of the seller in July with 4.1 months of inventory down by 22.6% compared to the prior Year (5.3mo). (<5-6mo = seller's market and >5-6mo = buyer's market). Train towns see an even stronger trend.  

Buyers may soon find that the house they were able to afford in 2017 may be out of financial reach in 2017/18. Now is the time to buy and therefore also to sell. Seller will lose buyers in such a market. Pricing is more important than ever with savvy buyers surfing the Internet. 

Looking ahead, it is likely to see more interest rate hikes. That would mean that the interest rate could increase by a full 1% within a 12 months period, thus reducing the buying power of home buyers by 9%. Interestingly, as mentioned above, this would not have a dramatic effect on home prices but rather on the volume of sales. 

While interest rates are again some of the lowest they have been in years, rising rates will be a motivator for buyers to act quickly. Rising rates will not cause the market to decline.


 

 

 




 

 


 

 

 *Keller Williams Realty received the highest numerical score among full service real estate firms for home buyers in the proprietary J.D. Power and Associates 2012 Home Buyer/Seller Study SM . Study based on 2,994 total evaluations measuring five firms and measures opinions of individuals who bought a home between March 2011 and April 2012. Proprietary study results are based on experiences and perceptions of consumers surveyed March-May 2012. Your experiences may vary. Visit jdpower.com .


 

Specializing in   Allendale NJ , Franklin Lakes NJ , Glen Rock NJ , Ho-Ho-Kus NJ , Mahwah NJ , Midland Park NJ , Oakland NJ , Ramsey NJ , Ridgewood NJ , Saddle River NJ , Upper Saddle River NJ , Waldwick NJ , Wyckoff NJ , Fair Lawn NJ , Oradell NJ , Paramus NJ, River Edge NJ River Vale NJ , Teaneck NJ , Hillsdale NJ Montvale NJ Park Ridge NJ River Vale NJ Washington Township NJ Westwood NJ Woodcliff Lake NJ