Common Buyer Mistakes in the Long Beach Island Real Estate Market
The Most Common Mistake Buyers Make in the LBI Real Estate Market 
The Most Common Mistake Buyers Make in the LBI Real Estate Market 
The Most Common Mistake Buyers Make in the LBI Real Estate Market
Long Beach Island Real Estate
Shopping for a home in the LBI real estate market is a significant investment and most likely represents a large portion of your net wealth. Surprisingly, the vast majority of buyers make the same mistake over and over again. They work with the first agent they meet. Buyers in the LBI real estate market owe it to themselves to interview multiple agents to see who can offer them the best service. There are fundamental questions that all buyers should ask an agent before they ask them to represent their interests in the purchase of a home on Long Beach Island. They are:
- Are you a full time or part-time agent?
- Do you handle sales AND rentals, or do you only focus on sales?
- How many homes have you sold in the last year?
- Where do the majority of your buyers originate?
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 Most Common Mistake Buyers Make in the LBI Real Estate Market
The questions above can be summarized in three words: experience, attention, and reputation. Asking an agent if they are full time or part-time will give you a good idea of how available they will be to answer your questions and concerns (attention). Likewise, if an agent is handling BOTH sales and rentals, they will not be able to focus their full attention on the sale market. This can lead to missing critical information or details, thanks to being distracted by the busy and demanding summer rental market (concentration). During an interview, a buyer should know how many homes a buyer’s agent has sold in the last year on Long Beach Island (experience). There is no substitute for experience, and the more an agent transacts, the more they will be able to advise on the many complicated situations that may arise. As a side note, potential buyers should ask if the agent’s sales are indeed their own or if they are from a team. Many agents report having a high number of sales when, in fact, their sales are a sum-total of several agent’s transactions on a team. Lastly, an agent should be able to let their prospective clients know where they generate most of their business (reputation). If an agent pays for leads to generate the majority of their business, something is wrong. A good agent’s primary source of business will be referrals from past clients. Only happy clients refer business, so this is an excellent measure of an agent’s level of success.
Buying in the Long Beach Island Real Estate Market
Any agent can help you buy a home on Long Beach Island. The question is, who will BEST represent your interests. A good agent should be able to answer your questions on flood insurance, zoning, building codes, market trends, current inventory, etc. Without this level of understanding, there is a good chance you are leaving money on the table in your Long Beach Island real estate transaction. 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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