Patience is Key to Buying a Home on Long Beach Island

Patience is Key to Buying a Home on Long Beach Island

Buyers in the LBI Real Estate Market need to be Patient and Disciplined

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

Long Beach Island Real Estate

The main challange for a buyer in the LBI real estate market is finding a home to buy. Inventory levels are very low, and we are in a seller’s market. While finding the right home to buy is hard, it is far from impossible. The key to successfully buying a home in the LBI real estate market right now is patience and discipline. Without these, it is very easy to make a costly mistake.

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

Patience is Key to Buying a Home on Long Beach Island

To be competitive in the Long Beach Island real estate market right now, buyers have to know what they are looking for. While it can be annoying to do so, many times, a buyer will have to make a specific trip to see one house when it comes on the market. Many homes sell very quickly and with multiple offers, so waiting too long to view a home can negatively impact your buying prospects. That said, rushing can also be a big mistake. Most buyers will have to place bids on multiple properties before they “win” a bid and are able to purchase a home. It can be very upsetting to lose a bidding war and even more so to lose several bidding wars, but in time a buyer will almost always be able to make a transaction work. It just takes patience and time.

Buyers in the LBI Real Estate Market need to be Patient and Disciplined

All buyers in the LBI real estate market should understand the market’s fundamentals and what determines value, even in a COVID market. Without this basic knowledge, it is even easier to make a mistake in this market. For example, knowing what locations are worth more than others, the impact flood insurance can have on the value of a home, and what can be developed on-site all go a long way to realizing the value of a home in the LBI real estate market. If you have any questions about buyingselling 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

www.BuyLBI.com

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

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