Estate Sales in the Long Beach Island Real Estate Market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Estate Sale 
LBI Real Estate Estate Sale 
LBI Real Estate Estate Sale
Long Beach Island Real Estate
Of the many different reasons a home is sold in the LBI real estate market, an estate is one of the most common, so it is a type of sale that all buyers and sellers should be familiar with. Estate sales usually occur when an individual passes away, and the property is sold, with the proceeds being divided among the heirs. However, estate sales can take place for other reasons, so it is helpful to understand the exact nature of the sale and its involvement.
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
LBI Real Estate Estate Sale
Estate sales are usually well priced in the Long Beach Island real estate market as there is often a strong motivation to move the property quickly and settle the estate. However, estate sales can also carry some risk as the home’s former owner has most likely passed away and cannot answer questions about the house on a seller’s disclosure. In addition, estate sales are almost always sold “as is,” meaning the seller’s estate will not fix any issues with the home. Lastly, a comprehensive title search should be performed to ensure no claims are being made on the house or judgments on the estate. Of course, a buyer should always perform due diligence in any sale, but these extra steps can go a long way in an estate sale. While there are a few additional risks, estate sales can often be some of the best values in the Long Beach Island real estate market, so buyers should be keenly aware of this property type and see if it makes sense to pursue.
Estate Sales in the Long Beach Island Real Estate Market
Estate sales are relatively common in the LBI real estate market, so knowing what to look for and what an estate sale entails is a crucial step to being an educated buyer. Sometimes, these sales are handled by a company or other representative charged with settling the estate. In these cases, buyers should be aware of whom they are dealing with and who is making the final decision in the transaction. 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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