Find Out More About the Chester, Mendham and Long Valley Area Economy & Job Market  MORRIS COUNTY ECONOMY
Morris County is ideally located for economic growth and success. It is located in the center of Northern New Jersey, only 30 miles west of New York City and 20 miles east of Pennsylvania. From many places within the County, the Newark International Airport is only twenty to thirty minutes away by car. Because of this geographic benefit, Morris County is the headquarters (or home to a major facility with over 100 employees) for 54 Fortune 500 companies, including Citigroup, AT&T, Verizon Communications, Hewlett Packard, FedEx, and Toys 'R Us. Top industries in Morris County include finance, insurance, real estate, health services, and technology?including both hardware and software development. The largest employers in Morris County include Lucent Technologies, Atlantic Health System (Morristown Memorial Hospital), and AT&T. Morris County is the nation's wealthiest county, and is one of the fastest growing counties in the New York metropolitan region. Also, many residents of Morris County commute to New York or Newark, where there is an abundance of industry.
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Disclosure Laws >Potential Problems
Every house has some "quirks", and some have material defects that may affect the sales agreement or the asking price. Placing a less-than-perfect house on the market is fine as long as you and your real estate agent give the buyers information on any "hidden defects".
Most litigation in real estate transactions involves the buyer suing the seller for failure to disclose a problem. Whether it is a leaky roof, dry rot, plumbing or heating problems, or a wet basement, most courts do not apply the "let the buyer beware" rule to real estate transactions. Even if the buyers had a structural inspection and you sold the property "as is," you may be held responsible for undisclosed defects.
Sellers have an obligation to disclose both obvious and hidden defects. Courts have not been sympathetic to sellers who have lived in a house and are in a position to know what works and what doesn't, but do not fully reveal the facts. This is one area where honesty is the only policy. Ask your agent for help if you are unclear about any aspects of the disclosure form.
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What is the world's oldest wooden structure?
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The oldest wooden buildings are the Pagoda, Chumanar Gate and Temple of Horyu in Nara, Japan, dating from A.D. 670.
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