9000 Feet Above The Sea

Another quick trip to Colorado this week to see the grand baby (and visit his older sister and parents, too!)  The altitude continues to be an issue for me- I try a new remedy on each trip, but haven’t found the solution yet.  Frustrating…

However, a smiling baby makes it worthwhile.

The residents in their small town get so excited as they plan their schedules around skiing or snowboarding.  I can relate.  We are very serious about our beach days here, too!

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More pictures:        fraserco.jpg Winter Park, Colorado

summercar.jpg This must be a summer car???

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Signs of Spring?

The bulbs in our yard are breaking through (although surrounded by an inch of snow yesterday!); Marabella’s Restaurant in Stone Harbor is open on weekends -with more businesses expected to be open by Easter; morning fog; Borough employees working on the beach entrances; and interested buyers making serious offers on seashore homes!

Warmer temperatures are bound to be on the way…  🙂

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President’s Weekend at the Shore

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Take a break from the snow/ice! Come to the shore and put your feet in the sand (at least your sneakers!) 

Many restaurants and stores will be open for the long weekend.  See you around town…

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Another Seashore Blog

http://downtheshorewithjen.blogspot.com

The author of this blog writes books about the Jersey Shore.

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Avalon-Weekend Trash Solution

The Borough of Avalon has announced a solution to wayward trash cans after weekend visits: The 15th Street Borough yard will be open to accept household trash and recycle items on Sundays between 12 noon and 5pm- now through May 18th.  The Borough will continue this program in the fall on Sundays between September 14th and December 28th.  Great idea!

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Higher Limits = Lower Mortgage Payments

The legislation to adjust the level for “Jumbo Loans” is expected to take effect as early as next week.  This is great news for borrowers.  Loans as high as $729,000* will qualify for the lowest interest rate offered (*the loan cap will be calculated on the average sale price in a region- final cap for our area to be determined).  This will be a dramatic increase over the current cap of $417,000.

For example, on a $700,000 mortgage, the lower interest rate = savings ranging from $300 to $500 per month.

Talk with your lender for more specifics.  I am happy to provide names/contact information for reputable lenders with experience in the Avalon and Stone Harbor market.  E-mail request to:  ann@anndelaney.com

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Children’s Charities of Power Play Realty

In 2005, Tim Kerr and the agents of Power Play Realty established a fund by contributing 1% of all sales commissions.  The money is distributed annually to 4 area charities providing services to children. 

We are proud to support: The Brendan Borek Fund http://www.brendansfund.org/ ; Cape May County Special Services (receiving a check in the photo below); Children’s Hospital of Philadelphia; and The Dreamkeeper Program.

To date, Power Play Realty has contributed over $25,000. 

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Beach vs. Treadmill

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I will admit- I was a whimp last week.  The cold temperatures and the rain provided daily excuses to skip my walk on the beach…and unfold the treadmill.  I convinced myself that I would walk even longer because I could watch TV and be comfortable.

Well, after 15 minutes, I was completely bored.  I missed the view (of course), the birds, the roar of the ocean, and the smell of salt air. 

So, back on track (excuse the pun) this morning.  And I was rewarded with an amazing view of the sun over the ocean, and moderate temperatures.  Definitely better than TV!

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The Rinse Cycle

A good soaking rain to wash the road salt off our cars…and Mother Nature’s salt off the windows (at least on the side facing the wind).

Expecting nice weather for the weekend- ideal for the potential tenants and buyers making the trip to the shore to look around.

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Good News- Financing

The mortgage rates are incredible- 5 to 5.65% for fixed rate loans; and around 6% for jumbo money.  We are also watching for a possible increase in the conforming loan amount.  Currently, loans up to $417,000 qualify for the best interest rates.  Loans above $417,000 are classified as “jumbo loans” and are charged a higher interest rate. The conforming level is expected to be increased to $729,000- good news for buyers and borrowers in this range.

I will keep you posted!

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