Long Beach Island Real Estate Arm’s Length Transaction
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Arms Length Transaction in the LBI Real Estate Market 
Arms Length Transaction in the LBI Real Estate Market 
Arms Length Transaction in the LBI Real Estate Market
Long Beach Island Real Estate
An Arm’s Length Transaction in the LBI Real Estate Market simply means that both the buyer and seller are acting in their own best interests with no pressure or outside influence on the deal. This is how many, but not all, real estate transactions take place in the LBI real estate market. A deal that is NOT an Arms Length Transaction in the LBI Real Estate Market is a little harder to define but essentially takes place when there is a close personal relationship or imbalance of power that can create an advantage or disadvantage.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Arms Length Transaction in the LBI Real Estate Market
A “typical” real estate transaction in the LBI real estate market will involve a buyer and a seller, who do not know one another or have any pre-existing relationship, enter into an agreement. Usually, one or both sides are represented by a local real estate agent who is acting on their behalf. Both sides will work to attain the best value possible with the seller trying to net as great a profit and he or she is able and the buyer trying to pay as little as possible. In this scenario, it is an arm’s length transaction and is fair to both sides. If a sale took place between family members or between an employer and employee, there is less of a chance of it being an Arms Length Transaction in the LBI Real Estate Market. In this hypothetical situation, there may be outside forces at work that can drive the price higher or lower for the benefit of one party.
Long Beach Island Real Estate Arm’s Length Transaction
An arm’s length transaction in the Long Beach Island real estate market is a good and healthy thing. It is the free market at work. Both sides are left to negotiate on their behalf and for their benefit. One point to consider is if the real estate agent representing the buyer or seller is truly acting at arm’s length. There are situations where the agent stands to benefit from the sale of a home beyond their normal compensation so it is always best to check your math and make sure the deal you are getting is sound. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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