"Land monopoly is not only monopoly,
but it is by far the greatest of monopolies;
it is a perpetual monopoly, and it is the mother
of all other forms of monopoly."

Winston Churchill
Homes for Sale
327 Chase Avenue
Lyndhurst, NJ
SOLD with
Multiple Offers
1 Woodlawn Terrace
Randolph, NJ
SOLD with
Multiple Offers
25 Papoose Trail
Hopatcong, NJ
"Home Alone" Movie House is up for Holiday Rental

The Illinois house that was made famous in the classic 1990 movie “Home Alone” can soon be rented out for a night on Airbnb, just in time for the holidays. The home, just north of Chicago, was the backdrop for the movie that had 8-year-old Kevin McCallister setting booby traps around the home to try to deter two bandits from breaking in while he was left home alone.

The home rental does not come with Kevin’s special security, although it does have...click here to read more.
In this issue of "Doug Talks..."
Home Inspections

You have the right to examine carefully your potential new home with a professional home inspector. But a home inspection is not required by law, and will occur only if you ask for one and make the arrangements. You may schedule the inspection before or after signing your contract. You may be able to negotiate with the seller to make the contract contingent on the results of the inspection. For this reason, it is usually in your best interest to conduct your home inspection as soon as possible if you want one. In a home inspection, a professional home inspector takes an in-depth, unbiased look at your potential new home to:
• Evaluate the physical condition: structure, construction, and mechanical systems
• Identify items that need to be repaired
• Estimate the remaining useful life of the major systems, equipment, structure and finishes
The Appraisal is NOT a home inspection and does not replace an inspection
 An appraisal estimates the market value of the home to protect the lender. An appraisal does not examine or evaluate the condition of the home to protect the home buyer. An appraisal only makes sure that the home meets FHA and/or your lender’s minimum property standards. A home inspection provides much more detail.
FHA and lenders may not guarantee the condition of your potential new home
 If you find problems with your new home after closing, neither the FHA nor your lender may give or lend you money for repairs. Additionally, neither FHA nor your lender may buy the home back from you. Ask a qualified home inspector to inspect your potential new home and give you the information you need to make a wise decision.
Your home inspector may test for Radon, Health/Safety, and Energy Efficiency
 EPA, HUD, and DOE recommend that houses be tested and inspected for radon, health and safety, and energy efficiency, respectively. Specific tests are available to you. You may ask about these tests with your home inspector, in addition to the structural and mechanical systems inspection. For more information:
• Radon (800) SOS-Radon 
• Health & Safety, see the HUD Healthy Homes program at: www.HUD.gov
• Energy Efficiency, see the DOE EnergyStar Program at: www.energystar.gov
Selecting a Trained Professional Home Inspector
 Seek referrals from friends, neighbors, other buyers, realtors, as well as local listings from licensed authorities and local advertisements. In addition, consult the American Society of Home Inspectors (ASHI) at www.ashi.org or call (800) 743-2744.
The "Doug Talks..." section will be featured in our monthly real estate email
and will include articles and/or videos showcasing some aspect of
home improvement or home construction.
Pets and the Home Buying Process

It's no secret we love our pets, but what may come as a surprise is how large a role they can play in the home buying process...and our lives. click here to see "A Happy Tail" infographic.
How Smart Buyers are Approaching Rising Mortgage Rates

Last month, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022. Mortgage rates play a significant role in your home search. As rates go up...click to read more
44 Whippany Rd, Suite 230, Morristown, NJ 07960
Office (973) 539-1120

Doug Collinson Cell: (973) 214-0347
Doug Collinson Email: [email protected]
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