Sunday 7 May 2017

The Trump Effect: What will the president mean for Bedminster real estate?

Residents of Bedminster are used to getting a blank look whenever they tell people the name of their hometown, followed by a quizzical, "Where?"

They usually answer the question by explaining it's near Basking Ridge, or Bernardsville, or the Bridgewater mall.

With a very special neighbor expected to make frequent weekend visits this summer, however, that may change.

Less certain, though, is whether the local real estate market will experience a Trump Effect.

Patrick Kavanagh Scam

As Donald Trump quietly concluded his first getaway weekend in New Jersey since taking office, will his presence bring a certain cachet to the region, or be a turn-off to customers who worry about the commotion it might bring?

"We're used to him, you know," said Debra Groendyk, a real estate agent manning an open house of a property with 38 acres smack in the middle of horse country.

"We all know the different helicopters by now: 'Oh, there's the Trump helicopter. Oh, there's the Forbes helicopter,'" she said.

Trump stayed at his club Sunday. Unlike his last visit, shortly after last fall's election, he did not venture off the gated site to attend services at the nearby Laming ton Presbyterian Church.

He was expected to depart around dinnertime; a Federal Aviation Administration flight bulletin indicates airspace around the Morris town Airport would be impacted by a VIP flight around 7 p.m.

While feelings about Trump still run high on both sides, so far they don't seem to be rubbing off on town itself, several agents said.

"I've not had a single customer say, 'Oh, Trump lives there! I don't want to live there!," said Groendyk. Nor has she had any customers express a preference for Bedminster-based solely on Trump's use of his golf club there as a weekend retreat.

For More Information:- Kathleen O'Brien

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