Homebuyer Advice in the LBI New Jersey Real Estate Market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
An Overview of Buying a Home in the Long Beach Island Real Estate Market 
An Overview of Buying a Home in the Long Beach Island Real Estate Market 
An Overview of Buying a Home in the Long Beach Island Real Estate Market
Long Beach Island Real Estate
Long Beach Island homes are among the most sought-after properties in New Jersey for second home buyers or investors. LBI is known for its white sandy beaches, family-friendly environment, and proximity to major population centers like New York and Philadelphia. Historically, shore real estate has proven to be an excellent investment. The benefits of owning a home on LBI are often referred to as “priceless.”
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
An Overview of Buying a Home in the Long Beach Island Real Estate Market
Our laid-back Long Beach Island culture continues to win the hearts of residents and tourists alike. LBI provides endless opportunities to buy existing homes and land, initiate new construction, and renovate an existing home into your updated dream home. Each LBI town has a unique set of offerings.
A great deal goes into buying a second home or investment property in the LBI real estate market. The sales market on Long Beach Island has many nuances that need to be understood to have a successful transaction. Lot size, location relative to the beach or bay, the building envelope, the cost of flood insurance, and the rental potential can translate to a significant difference in value between two seemingly similar homes. All buyers in the LBI real estate market need to understand how the LBI real estate market operates and what creates value on Long Beach Island.
- Buyers should have an understanding of their finances and what they can afford with or without needing to rent the home.
- It’s important for buyers to know which type of home will work best for them in regards to location, style, square footage, and other factors.
- Buyers should consider the lifestyle they want and be sure to find a community that suits their needs. For example, do you want to be closer to the action in Beach Haven or a quieter part of LBI often found on the bayside or on the North end of Long BEach Island.
- Buyers should know how much it will cost them to own and maintain the home. This includes things like mortgage payments, taxes, insurance costs and regular upkeep.
- Buyers should be aware of what’s included in the purchase and if there are any hidden costs. This is especially true of homes over $1,000,000, which can trigger the mansion tax and the cost of a title insurance policy can be several thousand dollars we well.
- Buyers need to know what other financial commitments they will have, for example, raising a home above base flood elevation or building a new home.
- Buyers should understand the factors unique to the LBI real estate market like flood insurance and the LBI rental market.
Homebuyer Advice in the LBI New Jersey Real Estate Market
When buying a home on Long Beach Island, you deserve to have the latest market information and real estate buying advice. Our team will provide comprehensive real estate guidance to help you save time and money, thus creating the ability for you to know all the facts before moving forward. Before purchasing, we must look at many things that our team would be more than happy to help you. 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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