Basking Ridge Homes For Sale Video
For listings of Basking Ridge homes for sale or homes anywhere in Morris or Somerset County visit my site at www.AdrienneFrancis.com
or call me at 201-259-4449.
Basking Ridge has an area of approximately 25 square miles and a population of 27,000. It is lush with parks, bike and walking trails, golf clubs, scenic country roads and a very charming and historic center of town. This section of town is lined with homes and shops that date back to the revolution. Basking Ridge is not only extremely charming, it’s also very sophisticated, with fine restaurants, golf and country clubs, many local private schools, a public school system that is one of the best in the state, local shopping and with close proximity to the Bridgewater Mall and the renowned Mall at Short Hills just a short drive away. Nature and history abound with nearby historic Colonial Morristown, “Jockey Hollow” National Park, the Great Swamp National Wildlife Refuge and Lord Stirling Park, to name just a few
Basking Ridge is about 25 minutes from Liberty International Airport, 45 minutes to New York City and the Jersey Shore is but an hour away. It has easy access to Routes 78, 202, 206 and 287 just minutes away. Transportation into New York City is accessed by nearby highways, bus servic as well as New Jersey Transit Mid-Town Direct Service from both the Basking Ridge and Lyons train stations. Numerous pharmaceutical and communications corporations are close by and make Basking Ridge and excellent choice to live and work.
Basking Ridge has something for everyone. First time home buyers, those downsizing to a luxury townhouse overlooking the New Jersey National golf course or those desiring an estate property, it’s all here in Basking Ridge.
To see the video on Youtube visit here:
http://www.youtube.com/watch?v=ey8FMHw29h8
The FHA’s mortgage requirements are changing faster than the speed of sound. Where 3 1/2% was enough to put down on an FHA mortgage, the requirement is now going to increase. (first they give it – then they take it away? They are supposed to be helping, right?) AND if you are considering a townhouse, all condo associations (required by law as of February 1, 2010) must now supply a large amount of information to the FHA in order to be “certified” by them as an approved association so that a buyer can receive FHA financing to live in that development. The FHA wants to be sure these associations have enough funds and they are financially solvent in the event the buildings or roads require major repairs. To date, only 3 communities in the “Hills” in Bedminster have this certification. Not all mortgage companies will even be able to afford to be involved with this process as I am told it can run up to $1,000 per association for a mortgage company to approve them and there are probably 50 or more associations within the Hills, both Basking Ridge and Bedminster combined. So you must have a large and strong mortgage company giving you your pre-aproval. If you have not yet been pre-approved or if you were approved 6 months ago, you should do it again as the game has changed. It will also mean that the “closing package” that the associations send the attorneys will also go up considerably as someone has to pay for the time and reams of paper the FHA requires. (Can’t they do this on line?)



