The Geldart Team's Blog by The Geldart Team

Over 55 Adult Community Homes in Sunrise Bay, Cranberry Creek, Sea Oaks and Mystic Shores in Little Egg Harbor

The Geldart Team — Mon, 05 May 2008 11:49:00 GMT

We are taking time to contact our past customers as well as those seeking information on our website because we have great news regarding the Over 55 community market in southern Ocean County. Prices are down, inventory is up and buyers have a fabulous selection of properties to preview. Finding a home to meet one's particular needs and tastes is easier than ever. It is likely that the perfect home is on the market right now. If you or someone you know may interested in moving to an active adult community, we have chosen four homes as examples of some of the properties now available.

The following is a market update featuring several resales currently on the market in Sunrise Bay Over 55 community. Each home is a different model with distinctive features. If you or someone you know is interested in Sunrise Bay, we would be happy to show these homes or other active adult community homes in the Barnegat, Little Egg Harbor, Stafford, Waretown in Ocean County or ..(read more)

It's Worth the Trip

The Geldart Team — Sun, 21 Oct 2007 08:46:00 GMT

Need to get away for a day? Enjoy a trip to Little Egg Harbor in southern Ocean County where life is less frantic, congested and impersonal. There are many fall and holiday festivals and other special events to experience. While you're here, take a look at some of fine homes for sale in this area. You will find a wide range of prices and styles as well as water features. Whether you are a first time buyer, investor, second home seeker or an over 55 adult we have something just right for you. Today I want to focus on one particular community, Sunrise Bay (located off Radio Road in Little Egg Harbor) .

There are presently 9 homes listed for sale in Sunrise Bay. Two new additions to the market are 21 Sweetwater Drive and 20 Reef Lane.

21 Sweetwater Drive MLS#3019861 ..(read more)

Buying an adult community home at the new K. Hovnanian 4 Seasons at Harbor Bay.

The Geldart Team — Sat, 12 May 2007 13:35:00 GMT

New Living Choices in Southern Ocean County. Buyers of vacation homes, second homes, or a new primary residence have some new choices available to them if they are over 55 years of age. A new K. Hovnanian active life style adult community is opening next the 4 Seasons at Sea Oaks which is essentially sold out now. This is located off Garden State Parkway exit 58.

Design floor plans and site layout for 9 models were presented at the Legacy Restaurant in Sea Oaks Sunday afternoon May 6. Susan and Walter on The Geldart Team attended and were quite impressed by the very attractive "craftsman" look of these models. I attended for a client of mine who could not be present that day and would like to purchase a home in the first Phase of Construction at pre-construction prices.

The Harbor Bay price list will be available in the next 10 days ..(read more)

Coming Soon to Little Egg (by Susan)

The Geldart Team — Mon, 07 May 2007 15:30:00 GMT

Temptations were everywhere this past Sunday at the K. Hovnanian preview of the company’s new adult community, 4 Seasons at Harbor Bay. The event took place at the Legacy Restaurant in Little Egg Harbor. It was a grand way to spend part of a chilly, blustery afternoon. A good turnout of people, drinks in hand, wandered among the tripods with posters depicting exteriors and interiors of the 9 or more models being offered, stopping to ask questions of the reps or to visit the buffet tables laden with fruits, cheeses, veggies and desserts.

My immediate impression of the ..(read more)

Einstein, compound interest,the rule of 72 and investments.

The Geldart Team — Tue, 01 May 2007 16:54:00 GMT

"Tell me about the Rule of 72 again and make it quick," said Susan as she sipped her Sea Breeze at the Mystic Island Casino. I moved my Bass ale aside and stared at her in disbelief. She was asking about a mathematical rule of thumb quoted by Warren, her new account manager, earlier that day.

"Do you really want to know?" I asked. "Yes," she replied, knibbling on her chicken fingers with honey sauce.

"Ok." I said, drawing a deep breath, "Here goes. Warren said that a 5% interest paying CD was not as good an investment as a 5% tax free fund because, after paying income tax to Uncle Sam each year, the effective interest on the CD was only 4%. Warren said Einstein thought compound interest was almost magical in its effect." "I just wrote that in my Blog ", I told Warren. ..(read more)

Interesting facts about compound interest

The Geldart Team — Tue, 17 Apr 2007 09:16:00 GMT

Einstein and Compound Interest.

Did Albert Einstein say that "compound interest is the greatest discovery in the world". Just Google "Einstein's quote on compound interest" and you will find several references and a reference to the rule of 72 .

Monthly Mortgage Payments.

Now what does this have to do with buying and selling homes? Most people do not pay cash for a home, even if they could afford to do so. A financial advisor might suggest that they diversify their porfolio and invest in more than one thing. If you borrow money from a bank or mortgage company then you can pay them back in monthly installments. But how much is the monthly payment, and how much can you afford to allocate for a new purchase.

I was recently talking with a client about this very question. Bill Bucks was interested in a property for a second home, and was taking a careful approach to ..(read more)

Finding and buying homes for sale on the Internet

The Geldart Team — Thu, 05 Apr 2007 12:38:00 GMT

The Internet and email have made it easier to find things we need and do comparative research on them.

In a family we know, Ann researched and purchased educational toys on-line for her one year old baby grand daughter. Bob sold some of his collectible baseball cards on e-bay. Carol researched and purchased a Stetson hat for her husband Doug. Doug searched for automobiles on-line and used his on-line consumer reports to decide on a new cross-over SUV. Next day they drove to a dealer in Ocean County NJ and bought a Subaru Forrester model off the floor (L.L. Bean edition with heated seats). Eleanor "googled" a new Saint Patrick's recipe for Corned Beef using a slow cooker - and it was the best ever! She never even opened the "Joy of Cooking" book. It was so much easier to google the recipe and print out instructions. Now Frank is paying monthly bills on-line with electronic deductions ..(read more)