Long Beach Island Real Estate Price and Market Value
Are Big Discounts Better Values in the LBI Real Estate Market? 
Are Big Discounts Better Values in the LBI Real Estate Market? 
Are Big Discounts Better Values in the LBI Real Estate Market?
Long Beach Island Real Estate
When looking to buy a home in the LBI real estate market, a buyer should always try to find the best deal possible. There are several ways to beat the LBI real estate market, but to find a good value, a buyer must first understand what determines value in the LBI real estate market. While negotiation is the tried and true way to “beat” the market, it also begs the question, Are Big Discounts Better Values in the LBI Real Estate Market? If a home drops considerably in price, buyers should make sure they are getting a good deal. For example:
- Why was the home in question having a hard time selling?
- Why was the seller willing to take a large discount?
- Is the home in a good location and does it offer the opportunity to grow in value?
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
Are Big Discounts Better Values in the LBI Real Estate Market?
In the age of the internet, buyers and sellers have more information than ever at their disposal. When looking to sell a home on Long Beach Island, the price is the single most crucial aspect. Even a listing agent with a weak marketing plan will be able to promote the home for sale simply via the numerous automatic tools put in place by the MLS. Therefore, if a home is priced well, it will be noticed and draw attention from buyers. Likewise, an overpriced listing will be stagnant and sit on the market. Buyers can see where the market is trading and what similar homes have sold for in the LBI real estate market. The average difference between the listing price and the sale price of a home in the LBI real estate market is around 5%-7%. If a home drops outside of this range, a buyer should ask themselves if they are getting a good deal or if they are paying market price for a home that was priced too high. While some buyers will focus on the discount offered, this is a mistake. Buyers should focus on the intrinsic value of a home. This is the best way to safeguard the investment being made on Long Beach Island and hopefully see future growth.
Buying in the Long Beach Island Real Estate Market
Long Beach Island benefits from a relatively stable real estate market. The area has historically not been as hard hit in financial downturns as other markets. This makes the investment on Long Beach Island safer and more attractive. That said, buyers have to understand what determines the value and use that knowledge to make the best purchase possible. In other words, don’t worry about how much you can negotiate off the price of the home. Instead, investigate the cost of the house and how it fits into the market to determine if it is a good purchase. 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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