LBI Real Estate Fee Simple Ownership

Fee Simple Ownership in the Long Beach Island NJ Real Estate Market

Click here to search all homes for sale in the Long Beach Island NJ real estate market

Long Beach Island Real Estate

Understanding the different forms of homeownership in the LBI NJ real estate market is a crucial first step to buying or selling a home on Long Beach Island. This blog post will focus on fee simple form of ownership in the Long Beach Island NJ real estate market. It will discuss how fee simple differs from other types of homeownership on Long Beach Island and the benefits for purchasers.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market

LBI Real Estate Fee Simple Ownership

The fee-simple form is a type of property ownership on Long Beach Island NJ in which an individual or entity owns all interest, including the rights to any improvements made to the land (such as buildings). The fee-simple owner can sell, lease, mortgage, transfer title at death, give away their property without restrictions, and dispose of it by any means they choose. If a fee simple owner fails to pay property taxes, the government cannot take the land from them. This type of ownership is also known as fee-simple absolute or fee simple determinable.

Fee simple properties have many benefits that other forms of property owners do not provide, including the following: fee simple owners can transfer their real estate interests to anyone they choose without any limitations set by a third party; fee-simple title comes with no restrictions regarding use and enjoyment of the land (so long as it’s used for legal purposes); fee simple estates allow individuals or entities to own an undivided interest in larger parcels of land like condominiums would allow them too; fee simple owners alone determine what happens on the land where their home is located; this means that fee-simple homeowners also get final say over who uses part, most, none of the land they own.

Fee Simple Ownership in the Long Beach Island NJ Real Estate Market

If you are looking to buy or sell a home on Long Beach Island, understanding fee simple ownership is a must! Fee simple ownership is one of the most common forms of ownership in the Long Beach Island real estate market. Single-family homes dominate the LBI sales market, the majority of which enjoy fee simple ownership. For more information about buying, selling or investing in the Long Beach Island 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

www.BuyLBI.com

Click here to search all homes for sale in the Long Beach Island NJ real estate market