Steps Involved with Buying a Home in the Long Beach Island New Jersey Real Estate Market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate Home Buying Process 
LBI Real Estate Home Buying Process 
LBI Real Estate Home Buying Process
Click here to search all homes for sale in the Long Beach Island NJ real estate market
Long Beach Island Real Estate
There are many steps involved in the LBI real estate home buying process. Searching for a home in Long Beach Island is an exciting adventure but one that has to be managed carefully. Each step plays an important role and has many components. Today, I will be giving a general overview of the steps involved with buying a home in the Long Beach Island real estate market. Keep in mind that every transaction is different, but this is a good starting point to help in planning your LBI real estate transaction.
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 Home Buying Process
Secure your funding: This goes beyond just getting a mortgage or paying cash. There are many loan options in the LBI real estate market. Depending on the rate and terms, there could be an unexpected opportunity available to you.
Identify an area (both a part of LBI and the proximity to the beach or bay): Location is a multi-part discussion on Long Beach Island. There are significant differences between the different areas of LBI, so an understanding of the Long Beach Island communities is the first step for a home buyer. Likewise, values change drastically depending on the proximity to the water, so make sure you understand the significance of each location.
Decide if this will be a rental investment, a second home, or both: A home purchased for personal reasons and a home purchased as a rental may not target the same search criteria. It is best to determine upfront what the PRIMARY reason for the purchase is and work from there.
Set up a search and find a realtor: The internet provides much of the same necessary information as a realtor does these days. The difference is in the details. Only a local realtor can give you the “real” story behind a house, for example, information about the area, rental potential, flood risk, etc. An online search will keep you notified of new listings and price drops, but make sure you have a relationship in place with someone to answer your questions.
Offer, contract, and inspection: Once a home has been identified, you will make an offer, usually a one-page document that outlines the price and terms being offered. Once this has been negotiated and agreed upon, a formal contract is prepared and attorney review beings. Once the attorney review concludes and assuming it is part of the transaction, inspections will take place, survey and title will be ordered, and a closing date established.
Steps Involved with Buying a Home in the Long Beach Island New Jersey Real Estate Market
Once you have the foundation for your home search in place, you can begin to explore the market. This is a quick overview of the market and the home buying process. I am happy to expand on any of the points above. Buyers should understand the critical first steps in the process to ensure a smooth transaction. The last thing you want is a surprise! 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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