Advice From A Local LBI Real Estate Agent For Buyers
Tips For Buying LBI Real Estate 
Tips For Buying LBI Real Estate 
Tips For Buying LBI Real Estate
Long Beach Island Real Estate Buyers
Buying a second home or investment property in the Long Beach Island real estate market is the realization of a dream for many people. The most common reason individuals or families will purchase a second home are for future use, a vacation getaway, or immediate rental income. Real estate is a major investment and homes on Long Beach Island are certainly not cheap! There are also special conditions like flood insurance which must be taken into account. These nuances of the LBI real estate market can literally cost thousands of dollars each year in wasted income if they are not understand and handled correctly. Here we will look at four of the most common areas of buying a second home in the Long Beach Island real estate market that should be understood to make your investment in the LBI real estate market successful.
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
Tips For Buying LBI Real Estate
There are areas of the LBI real estate market that all buyers should understand. They are:
- The motivation for the purchase
- Understanding the local nuances of the areas
- Long Beach Island summer rentals
- Flood insurance
When looking to buy a home on Long Beach Island it is essential to understand why you are buying. Is this a rental, a second home or a combination of both. If it is a combination, what is the PRIMARY motivation for the purchase. Knowing this will help zero in on a type of home and location. The location is of course important. There are many differences between the towns and areas of Long Beach Island. Some offer more or less density, some have more attractions and others are more prone to flooding. Only a local LBI real estate agent can give you this first hand information. The summer rental market, and what a home will rent for, should be factored in by all buyers. Even if the plan is not to rent, this can help act as a safeguard or as an incentive when you plan to sell. Lastly, flood insurance. The importance of this topic cannot be overstated. It is far too complex to explain here but you can read more about LBI flood insurance here or ask me any question you have.
Buying in the Long Beach Island Real Estate Market
The above is but a starting point to buying a home on LBI. There are far more topics to cover and a much deeper understanding is needed to truly be an educated home shopper. It is best to take your time and learn about the different areas, the market trends, and the nuances that are unique to Long Beach Island. These topics are what make our market special and unique. If you have any questions about these tips for buying LBI real estate or 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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