Buying a Home in the Long Beach Island Real Estate is Harder, but not Unobtainable
Click here to search all homes for sale in the Long Beach Island NJ real estate market
The LBI Real Estate Market is Competitive, but Not Impossible 
The LBI Real Estate Market is Competitive, but Not Impossible 
The LBI Real Estate Market is Competitive, but Not Impossible
Buying a Home in the Long Beach Island Real Estate Market
The LBI Real Estate Market is Competitive, but Not Impossible in the current climate. While it is true that the already busy sales market was driven much higher as a result of Coronavirus, there are still many opportunities for buyers to find a deal. Buyers are facing a low inventory environment and while homes are selling quickly, with multiple offers and, in some cases, over full price, there are a few steps buyers can take to prepare themselves. Among these are:
- Understanding the LBI real estate market and what determines the value of a home
- Knowing the aspects of a home that are most important to you
- Keeping up to date with new listings as they come on the market and being ready to come and see them in person at a moment’s notice.
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
The LBI Real Estate Market is Competitive, but Not Impossible
Above all else, understanding the LBI real estate market and the factors that determine a home’s value is the most important thing to do in the current climate. There are many layers to this subject but things like location, lot size and the layout of a home are some of the most important. All too often, in a market like this, a buyer will overpay for a home that is not likely to hold its value. Only by understanding the basics of the market can a buyer be ready to make a fast and SMART investment. As a buyer, it is equally important to know what matters most to you. There is no “perfect” house and as such, knowing what you are willing to sacrifice and what is a “must-have” can help to make a better decision. Lastly, keeping up to date on the market is an obvious but often overlooked concept. Many would-be buyers rely on a “drip” campaign from Zillow to keep them updated. The problem is, without a local connection in the LBI real estate market, it is likely that by the time a home officially comes on the market, it may already be too late. Long Beach Island is a relationship-based sales community and sometimes, having advanced knowledge of a listing is all that it takes to find your dream home on LBI. While we are in a COVID-fueled seller’s market, there are also many incentives for buyers, chief among these being the low-interest rates. Even with the higher prices in the LBI sales market, homes are still very affordable thanks to these low rates.
Buying a Home in the Long Beach Island Real Estate is Harder, but not Unobtainable
It is easy to make a mistake in a competitive market like the one we are currently in, but with patience and disciple, it is still very possible to make a good investment. By knowing what you want, knowing the basics of the market and being ready to act quickly, you can find a home to buy in the LBI real estate market that is likely to hold and increase in value. 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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