More millennials buying homes without parents’ help

first-time-home-buyersYounger homeowners are increasingly buying first homes, without the Bank of Mom and Dad.

Sometimes they go it alone out of a desire for independence; sometimes it’s a reflection of their parents’ financial realities. Whatever the reason, area real estate agents say the trend speaks well of millennial homebuyers.

According to the National Association of Realtors, millennials were the largest generation of homebuyers in 2015 at 35 percent, and 67 percent of them were first-timers. The association’s 2016 “Profile of Home Buyers and Sellers” report notes that the second-most popular way for first-time buyers to finance their down payment was a gift from a relative or friend, at 24 percent – a drop from 27 percent in 2015. (Savings was the preferred choice among 76 percent of respondents.)

Full story at NorthJersey.com >>>

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Baker Celebrates 50th Anniversary with Special Incentives; Buyers Respond at The Meadows at Panther Valley

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THE OAKMONT MODEL HOME AT THE MEADOWS AT PANTHER VALLEY

ALLAMUCHY, N.J. – Baker Residential’s 50-year history of providing high quality homes, personalized customer service and a dedication to style and comfort is paying big dividends for homebuyers at The Meadows at Panther Valley.

The award-winning developer has been celebrating its “golden” anniversary at the collection of three-bedroom townhomes in Allamuchy, N.J. with special homebuyer incentives that provide significant savings and value and make the community even more attractive and affordable to young couples, single-professionals, and empty-nesters.

Purchasers have been quick to take full advantage.  Sales have increased significantly at the suburban neighborhood since the limited-time offer was introduced earlier this year, according to Elizabeth Bauer, Director of Sales and Marketing for Baker Residential.

“Baker Residential was already well-known as a builder committed to the highest level of construction, design and homebuyer satisfaction,” Ms. Bauer says.  “Once word began spreading that we’re celebrating our decorated history and 50th anniversary with special incentives, we saw traffic at The Meadows rise dramatically.  Prospects have been eager to purchase a home from one of the industry’s most respected builders in an outstanding location and receive great discounts.”

The uptick in buyer activity has left a limited inventory of residences available for sale in the community’s fourth housing phase. Included in the homes are some of the most popular floorplans at The Meadows.  A select few residences offer magnificent views of the surrounding Warren County landscape.

Baker Residential, which is developing The Meadows at Panther Valley in the heart of this well-established Warren County neighborhood, expects interest in the community to remain high throughout the spring and summer seasons with the impending debut of two new fully decorated model residences – the 2,251 square foot Willowick design and the 2,404 square-foot Pebble Beach floorplan.

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THE MEADOWS AT PANTHER VALLEY, NEW COLLECTION OF TOWNHOMES BY BAKER RESIDENTIAL.

Homes at The Meadows are priced from $298,890 with a long list of upgraded features provided in the base price, including gourmet-inspired kitchens with granite countertops and stainless steel appliances, one- and two car garages and master suites with volume ceilings, walk-in closets and full baths.

Homes reflect the natural beauty of Panther Valley, which is defined by rolling hills and heavily wooded terrain. Each townhome building combines design elements with country-inspired details to create streetscapes of enormous grace and flair.

Ideally situated in the heart of Warren County, The Meadows offers a prime location near popular outdoor recreational opportunities and ease of commute to major work centers in Warren, Morris and Bergen Counties, as well as New York City are also prime considerations.

The Meadows lies in the shadows of the Allamuchy and Stephens Mountains, while the 70,000-acre Delaware Water Gap is nearby.  The resorts, casinos and skiing of the famed Pocono Mountains are also just a short drive away. Within the Township, residents will find the scenic Pequest and Musconetcong Rivers.

For business commuters, Route 80 lies just outside Panther Valley’s front gate, providing easy access to major highways such as Routes 10, 287 and 78 which whisk residents to Morristown, Parsippany, and Manhattan, along with the George Washington Bridge.

While its location near well-liked recreational destinations is certainly an advantage, residents at The Meadows at Panther Valley also receive a country-like lifestyle right outside their door thanks to an array of recreational and social amenities at the Panther Valley community.  Homeowners enjoy access to two sparkling lakes, three beautiful pools, a wealth of tennis and basketball courts, tot lots and multi-purpose fields. The 18-hole Panther Valley Golf & Country Club located within the gated Panther Valley community is available on a membership basis.

The Meadows sales office is open daily from 11 a.m. to 6 p.m. For additional information, please call 908-852-0016 or visit us at http://www.themeadowsatpanthervalley.com.

You can also find The Meadows on Facebook, on Twitter or read more about the community on the Baker Residential blog.

About Baker Residential

Baker Residential, a White Plains. N.Y.-based family owned and operated real estate concern, is celebrating its 50th anniversary in 2016.  The company was formed five decades ago based on a commitment to quality, excellent personalized customer service and creativity in each home design.  This mindset has enabled the company to create hundreds of new home communities of great distinction and uniqueness that are home to thousands of families in New York, New Jersey, Connecticut, Pennsylvania and the Carolinas.

Homes themselves provide “A Difference You Can See” with everlasting value thanks to attention-to-detail, high quality materials, fine craftsmanship and a long roster of standard designer interior features and finishes.  Distinctive exterior architectural details on each Baker residence creates streetscape of great variety and flair with ample sidewalks and lush landscaping to provide a welcoming environment.

Baker Residential to Kick Off 2016 with Two Exciting Events at The Meadows at Panther Valley

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The Oakmont Model Home at The Meadows at Panther Valley

ALLAMUCHY, N.J. – Baker Residential will host two exciting events in the coming weeks to provide an in-depth look at the ideal suburban lifestyle at The Meadows at Panther Valley, a new collection of upscale three-bedroom townhomes rising in this well-established Allamuchy Township community.

Leading the schedule will be a special Homebuyer Seminar on Saturday, January 16th focusing on financing opportunities at the community.  Interested prospects will be able to listen to experts and ask questions on the loan process to better understand how they can achieve the “American Dream” of homeownership at the community.  The seminar will take place between 12 p.m. and 2 p.m.

The Homebuyer Seminar will be followed by a New Year’s Brunch on Sunday, January 24th from 11 a.m. to 1 p.mHeld in the community’s Sherwood model, the informal event will allow attendees to experience the close-knit, family-friendly environment that has made The Meadows one of northwest New Jersey most popular new home destinations.

“January is the time many buyers are deciding to intensify their home search,” says Elizabeth Bauer, Director of Sales and Marketing for Baker Residential.   “We wanted to provide them a selection of events where they can not only learn about the community’s homes and financing, but also see for themselves the warm and welcoming atmosphere we’ve created at The Meadows.  The New Year Brunch and Homebuyer Seminar will accomplish that goal.”

More than 50% of the residences in The Meadows fourth townhome phase now sold.  While the remaining homes in Phase 4 feature some of the most popular floorplans at The Meadows, increased buyer activity has left just a few residences with magnificent views of the surrounding Warren County landscape available.

Baker_Meadows-Exterior_Dusk_1235-rev5-11x8Priced from the $290,000s, townhomes at the Meadows feature a long list of upgraded features included in the base price such as gourmet-inspired kitchens with granite countertops and stainless steel appliances, one- and two car garages and master suites with volume ceilings, walk-in closets and full baths.

Residences reflect the natural beauty of Panther Valley, which is defined by rolling hills and heavily wooded terrain. Each townhome building combines design elements with country-inspired details to create streetscapes of enormous grace and flair.

“Our unique location at the top of a mountain provides panoramic views of the surrounding countryside to strengthen the tranquil, small-town feel,” adds Ms. Bauer.

Included in the available inventory of homes at The Meadows are two Hillcrest designs which are offered with “Quick Move In” dates.

Residents at The Meadows at Panther Valley can truly embrace the country-like lifestyle thanks to an array of recreational and social amenities at the Panther Valley community.  Homeowners enjoy access to two sparkling lakes, three beautiful pools, a wealth of tennis and basketball courts, tot lots and multi-purpose fields. The 18-hole Panther Valley Golf & Country Club located within the gated Panther Valley community is available on a membership basis.

The Meadows is ideally situated near major highways including Routes 10, 15, 80, 517 and 287.  There are also commuter train and bus stops to New York City close by.

The Meadows sales office is open daily from 10 a.m. to 5 p.m. For additional information, please call 908-852-0016 or visit us at www.themeadowsatpanthervalley.com/.

You can also find The Meadows on Facebook, on Twitter, or read more about the community on the Baker Residential blog.

About Baker Residential

Baker Residential, a White Plains. N.Y.-based family owned and operated real estate concern, was formed 50 years ago based on a commitment to quality, excellent personalized customer service and creativity in each home design.  This mindset has enabled the company to create hundreds of new home communities of great distinction and uniqueness that are home to thousands of families in New York, New Jersey, Connecticut, Pennsylvania and the Carolinas.

Homes themselves provide “A Difference You Can See” with everlasting value thanks to attention-to-detail, high quality materials, fine craftsmanship and a long roster of standard designer interior features and finishes.  Distinctive exterior architectural details on each Baker residence creates streetscape of great variety and flair with ample sidewalks and lush landscaping to provide a welcoming environment.

January 9th Homebuyer Seminar at Maple Fields to Focus on Loan Process and Financing

Ext-Daylight 600wMIDDLETOWN, N.Y. – Maple Fields, the fast-selling new townhome community in Orange County, N.Y.’s Middletown, will host a special Free Mortgage Seminar this Saturday, January 9th focusing on financing opportunities.

Attendees will be able to listen to experts and ask questions on the loan process to better understand how they can achieve the “American Dream” of homeownership at the community.  The seminar — which will take place between 12 p.m. and 2 p.m. — comes as developer Baker Residential prepares to celebrate the 100th sale at  the collection of just 196 residences, a significant milestone in the sales program.

“The Mortgage Seminars have been a tremendous tool for our homebuyers and a main reason we have been able to achieve our 100th sale so quickly,” says Elizabeth Bauer, Director of Sales and Marketing for Baker Residential.   “We decided to kick off 2016 with an event that will provide a detailed explanation of the loan process and explain just how easy it is to become a homeowner at Maple Fields.  It’s a great opportunity to obtain information, ask questions and learn more about this community in a relaxed, pressure-free setting.”

With its 100th sale fast approaching, Baker Residential has released the third phase of three-bedroom townhomes at Maple Fields to accommodate demand.  Priced from $265,900, homes in the newest housing phase boast all the attributes that have made the community one of Orange County’s most popular new home destinations, highlighted by upscale affordably-priced residences and a close-knit neighborhood environment.

Ranging from 2,274 to 2,329 square-feet of living space, the townhomes at Maple Fields provide a long list of upgrades in the purchase price.  Homebuyers receive designer finishes including 2 ¼” prefinished hardwood flooring on the first floor, gourmet-inspired kitchens with breakfast nooks, stainless steel kitchen appliances including the refrigerator, attached two-car garages, finished basement, and state-of-the-art washer and dryer.

Residents also benefit from a well-rounded lifestyle with on-site recreational amenities right outside their doorstep.  Homeowners have access to a community clubhouse, tot lot, and 1/2 basketball court.  A sparkling outdoor pool will make its heralded debut in summer 2016.

When not enjoying the well-rounded lifestyle at Maple Fields, residents can bask in the beauty of the community’s location with Middletown’s scenic rolling hills, heavily wooded terrain and tremendous open space creating the perfect suburban oasis.

Maple Fields’ combination of a close-knit, country-like neighborhood environment and affordably-priced homes filled with numerous upscale appointments has drawn many young homebuyers priced out of northern New Jersey and New York City, but seeking to remain near major business and entertainment centers.  The community is within close proximity to Route 17, Route 84, the New York State Thruway and express buses and trains into Manhattan.

The Maple Fields sales office is open daily from 10 a.m. to 5 p.m. For additional information on the community, please call 914-461-9208 or visit the website..

You can also find Maple Fields on Facebook, on Twitter, or read more about the community on their blog.

About Baker Residential

Baker Residential, a White Plains. N.Y.-based family owned and operated real estate concern, was formed 50 years ago based on a commitment to quality, excellent personalized customer service and creativity in each home design.  This mindset has enabled the company to create hundreds of new home communities of great distinction and uniqueness that are home to thousands of families in New York, New Jersey, Connecticut, Pennsylvania and the Carolinas.

Homes themselves provide “A Difference You Can See” with everlasting value thanks to attention-to-detail, high quality materials, fine craftsmanship and a long roster of standard designer interior features and finishes.  Distinctive exterior architectural details on each Baker residence creates streetscape of great variety and flair with ample sidewalks and lush landscaping to provide a welcoming environment.