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


 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

 

Stunning!!!  Ridgewood Colonial $1,295,000

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

Click for Tour

Under Contract - $609,000

4 Bedroom Renovated Willard Colonial

Park-Like Living


SOLD - RIDGEWOOD - BEAUTIFUL      5 BEDROOM, 2. BATHS 

Lovely Colonial in Wastena Park section, updated throughout, very bright and sunny, nice yard -- $830,000

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 4 consecutive years

NJAR® Circle of Excellence Sales Award® 2011-15

KW Medallion Award 2012-15 with over 125 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 2012-16.

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 and How to Calculate

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 this year. 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 Market Snapshot 

New Jersey home sales activity overall increased for the 27th consecutive month - by 9% in November compared to November 2015 and 22% compared to November 2014.

NJ unsold inventory declined by 15% compared to 2015 and 43% compared to the high in 2011. The unsold inventory equates to 5.4 months of inventory compared to 6.8 months a year ago.

However, the higher home value the few homes sold. The lower the home value, the more homes sold in 2016.

Bergen County NJMLS reports that Residential Closed Sales in November increased by 23.9% compared to the prior year. Pending Sales are also up by 12.6% compared to the same month in 2015, which is an indicator for higher future Closed Sales. November's Days-on-Market is 11.7% below last year. More houses are selling faster!

The supply of homes being offered for sales continues to be around its lowest level since the high in 2011, which limits the choices for home buyers, adding pressure on home prices ... at least in the short term. Y-T-D the market is in favor of the sellers at 4.1mo of inventory, down by 26% compared to the prior year at 5.6mo. (<5-6mo = seller's market and >5-6mo = buyer's market). This ongoing trend may make 2016 one of the strongest year since 2006. Train towns se an even stronger trend.  

Buyers may soon find that the house they were able to afford in 2016 may be out of financial reach in 2017. 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 - post election - it is likely to see more interest rate hikes, as many as 3 more hikes are predicted in 2017. That would mean that the interest rate would 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 still some of the lowest they have been in years, rising rates will be a motivator for buyers to act quickly especially in the first quarter of the year. Rising rates will not cause the market to decline. Nationwide, home prices in 2017 are forecast to still grow by 3.9% year-over-year from an estimated 4.9% in 2016.

 

 

 




 

 


 

 

 *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