Having a Home Inspection When Purchasing a Home in the Long Beach Island NJ Real Estate Market
LBI NJ Real Estate and Hurricane Sandy
Now that Hurricane Sandy has passed, the LBI real estate market has regained some momentum. Buyers have come back to the LBI real estate market on Long Beach Island, NJ, and more and more transactions are taking place. Although Long Beach Island suffered significant damage from Hurricane Sandy, many homes have been restored already. The impact on the LBI real estate market and property values on Long Beach Island seems to have been minor. It is, however, imperative to understand that we are all operating in unknown waters (no pun intended), and there are new challenges that need to be met, especially when concerning LBI Real Estate Home Inspections and Hurricane Sandy!
Inspecting a Home in the LBI Real Estate Market After Hurricane Sandy
A home inspection is ALWAYS recommended when purchasing a property that you intend to occupy, and now, it is more important than ever. The damage caused by floodwaters is often unseen to the naked eye, and it takes a thorough investigation of the property to ensure the home purchased in the LBI real estate market is safe and structurally sound. A few things to consider are:
- Mold caused by damp and wet wood
- Damaged electrical wires
- The toxic residue left from gas furnaces or oil heat
- Structurally sound foundations
- Water damaged sheetrock
This only names a few of the issues you should be concerned with when purchasing a home in the LBI real estate market after Hurricane Sandy, and that is why it is of the utmost importance to inspect any property. For a prospective buyer in the LBI real estate market, it may be a great comfort to have a clean home inspection after Hurricane Sandy as it is excellent proof of the strength and durability of the home.
Having a Second Home Inspection After Hurricane Sandy
There were several dozen transactions on Long Beach Island when Hurricane Sandy struck. It is also essential to remember that these homes, too, need a home inspection-even if they were inspected before Hurricane Sandy! In many ways, buyers in this situation have the best advantage as they can compare their pre-Sandy inspection to their post-Sandy inspection and evaluate how the home fared. If damage occurred, the buyer may have an excellent opportunity to cancel the contract should they elect to do so, and if the damage was not severe, credits and repairs can be easily negotiated thanks to an LBI Real Estate Home Inspection and Hurricane Sandy.
Buying Real Estate on Long Beach Island NJ
Hurricane Sandy has come and gone, and if you have been considering buying or selling a home on Long Beach Island, NJ, there are some excellent opportunities in the LBI real estate market. There are homes for sale for buyers, both with and without storm damage, to choose from and for sellers, there is a tremendous amount of interest in the LBI real estate market. If you are considering buying or selling, please contact Nathan Colmer, and I will be happy to discuss to the current situation.
Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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