With the help of the locally-owned real estate team, The Lane Team, Montclair homeowners can rest assured the process of listing and selling will be quick and seamless, even during historically slower winter months. The real estate market in Essex County is as strong as ever, making it a great time to list, sell, and buy property. Keep reading to learn more about the family business, The Lane Team, and how they help homeowners in Montclair and beyond — sell and buy their dream homes in record time.
Under Contract in Just 9 Days: 86 Afterglow Avenue in Verona
Chris Lane, the team lead at The Lane Team, coordinated the original sale of 86 Afterglow Avenue in Verona in December 2019 for $900,000. The sellers beautifully maintained the home and spent time making cosmetic and landscaping changes to improve the property, deciding to list the Essex County home in November 2021 for $979,000.
“In the past, the week before Thanksgiving has been an unusual time to list. However, we were able to generate more than 12 offers on this home and a contract was signed just 9 days after the initial listing date,” Chris Lane told The Montclair Girl. “Our marketing, including a public open house, generated more than 65 showings, with lines of buyers waiting to see the home. At closing this home sold for 48+% over the listing price.”
This home is located across from the 400+ acre Eagle Rock Reservation, close to restaurants and shopping in downtown Montclair, and just two blocks from transportation to New York City. The property owner can essentially have it all at 86 Afterglow Avenue in Verona.
“We are encouraging all sellers to seriously consider listing their home for sale now. Don’t wait until the Spring when other sellers will decide to put their home on the market. Now is the time to take advantage of the extremely low inventory and an incredible number of buyers in the marketplace,” Chris mentioned. “Record sales are happening now, while interest rates are very low. The Federal Reserve is expected to raise interest rates a few times in 2022, which means mortgage rates will rise, making homes less affordable. Now is the time to sell.”
In terms of choosing the right time to list a property, sellers may be putting off listing their house until later because of a milestone like a graduation. The Lane Team has successfully negotiated an extended closing date or a closing with a rent back clause, which makes it possible to make the most of the housing market while still being present for those milestones. This way, sellers can take advantage of favorable market conditions while still living in their home until the time is right to move.
A Team of Essex County Real Estate Experts
Daily operations at The Lane Team are overseen by Chris Lane, the team leader, and Brittany Forsyth, the Director of Operations and Marketing. The locally-based sales agents work individually with buyers and sellers to find the perfect fit, whether it’s finding that dream home or tracking down a seller’s perfect match.
“We offer full real estate services including listing and sales consultations for sellers and buyers, rental services, property management, and a referral network of agents across the globe,” Chris told The Montclair Girl. “The best part of running our own business is the ability to directly connect to members of our communities and help them achieve their goal of homeownership.”
The Lane Team office is located at 113 Grove Street in Montclair. Prospective clients can call 973-509-3500 or email info@laneteam.com to schedule an appointment. Click here to view the Lane Team’s other listings.
