Long Beach Island NJ Real Estate | LBI Real Estate Market | Long Beach Island New Jersey
Nathan Colmer 609.290.4293

 

Buying Long Beach Island Real Estate

 

 

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Buying in the LBI NJ Real Estate Market

The Long Beach Island real estate market offers buyers some excellent opportunities and the LBI real estate market has remained strong even in this economic downturn. Buying opportunities still exist on LBI for several reason:

  • The LBI market did not see as significant a drop during the 2008 recession as other markets around the country.
  • There are a comparatively low number of foreclosures, short sales and other distressed homes in the LBI real estate market.
  • Historically, shore real estate has proven to be an excellent investment

Buying real estate on Long Beach Island, like buying any investment, comes down to timing and price. With the available inventory and some patience, a buyer can purchase a great property for a great price and still be in a strong financial position. You can read more on some of my most popular blog postings about buying real estate on Long Beach Island here.

The Long Beach Island NJ real estate market is comprised of three major categories. They are:

  • Single Family homes in the LBI real estate market
  • Condominiums in the LBI real estate market
  • Multi family homes or "duplexes" in the LBI real estate market

In addition there are vacant parcels of land available, commercial real estate and interval ownership which is a form of timeshare on Long Beach Island. Each property type carries with it different lending rules and requirements so it is important to understand each type of property available in the Long Beach Island real estate market.

 

 

 

Popular LBI Real Estate Searches

 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market
 Long Beach Island NJ Real Estate | LBI Real Estate Market

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New JerseyBuyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Make Your LBI Real Estate Offer Shine

Tips to Make Your Long Beach Island Real Estate Offer Stand Out Buying Long Beach Island Real Estate The real estate market on Long Beach Island has continued to grow over the past several years. Some of this has been a result of new construction and some is a result of the popularity and appeal

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Investing in the LBI Real Estate Market

Buying an Investment Property in the Long Beach Island Real Estate Market Investing in Long Beach Island Real Estate The Long Beach Island real estate market offers some attractive investment opportunities. LBI has the unique advantage of having a vibrant summer rental market, along with a high demand for new home sales, re-sales, and speculative real estate

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Where to Start in the LBI Real Estate Market

Getting Started in the Long Beach Island Real Estate Market Buying Long Beach Island Real Estate For many, buying a home in the Long Beach Island real estate market can be an intimidating process. The investment made in a second home is very different from buying a primary home and it is important to understand how the

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Cash Offers in the LBI Real Estate Market

Making a Cash Offer in the Long Beach Island NJ Real Estate Market Buying Long Beach Island Real Estate The LBI real estate market is a competitive market. With a stronger economy over the last few years we have seen more and more cash offers being made. This change has helped to increase property values

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Five Steps to Buying a Home in the Long Beach Island Real Estate Market

Buying a Home in the Long Beach Island New Jersey Real Estate Market Buying Long Beach Island Real Estate Buying a home in the LBI real estate market can be a daunting task. There are a variety of different locations, house designs, and nuances such as flood insurance to consider. There are a few steps

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey


LBI is a Family Destination

Family Trips to Long Beach Island New Jersey Visiting Long Beach Island Real Estate Long Beach Island is a family destination. While there is certainly a nightlife on LBI, it is not known as a “party town” and therefore holds the unique distinction as being one of the best family spots at the Jersey Shore.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

Mortgage Qualification in the LBI Real Estate Market

Mortgages and the Long Beach Island Real Estate Market Buying Long Beach Island Real Estate If you are looking to obtain a mortgage when buying a home in the LBI real estate market the steps needed to qualify for a loan should be high on the list of your research. The first step of any

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New JerseyBuyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Misconceptions

Common Myths About the Long Beach Island Real Estate Market Selling Long Beach Island Real Estate Most individuals, both on and off Long Beach Island, purchase or sell real estate infrequently. Many homes on Long Beach Island are generational meaning that they were inherited and never purchased or sold. With such infrequency, it is no surprise

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Sales Contract

Long Beach Island Real Estate Sales Contracts Long Beach Island Real Estate Contracts Searching for a home on Long Beach Island can and should take some time. You want to make sure you find the right home in the right location-but also make sure that you are protected in the transaction. Once you have found

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Long Beach Island Real Estate Offers

      LBI New Jersey Real Estate Offers Long Beach Island Real Estate Offers After finding the right home for sale on Long Beach Island and understanding your financing options , it is time to make an offer. An offer will be made either by a 1 page off sheet or a full sales

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Attorney Information

    Long Beach Island Real Estate Attorney Long Beach Island Real Estate Attorney Buying or selling a home in the Long Beach Island new Jersey real estate market requires the help of many professionals. With all the changes to the real estate markets of Long Beach Island using an attorney can add real value to

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Tips For Buying LBI Real Estate

Advice From A Local LBI Real Estate Agent For Buyers 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

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

 

The Basics of Buying in the LBI Real Estate Market

Buying a home in the LBI real estate market is a major investment and one that requires a complete understanding of the area and the current market trends. Here I will cover the basics of buying a home in the LBI real estate market, flood insurance and the different areas of Long Beach Island.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

LBI NJ Real Estate Mortgages

There are many types of mortgages and financing options available on Long Beach Island and it is important to understand the differences between them so as to not overpay in the LBI real estate market. There are loans available for second homes, investment properties, vacant land, storm damaged homes and construction projects as well as duplexes and small condominiums in the LBI real estate market. Please remember that I am a real estate agent and as such cannot give specific mortgage advice. The information I have provided is intended as a general overview of the options available to most consumers. It is best to contact a lender for specific terms and qualification information. I can provide the names and phone numbers of some of the lenders I commonly work with.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

Long Beach Island Property Types

Once you have selected the right house to buy, you have to take into account what the additional fees will be with the purchase and or sale of real estate on Long Beach Island NJ. There are different costs associated with buyers and sellers in the LBI real estate market and it is important to understand what these costs are BEFORE you enter into a contract. Closing costs will vary greatly depending on the deal and the individual but the information below should help give you a general outline of what to expect. Note that while I provide an estimate of the cost associated with each line item, the actual cost will vary depending on market conditions and who you decide to hire.


 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

Long Beach Island Flood Insurance

Flood insurance costs should be a question every single buyer asks when looking to invest in the LBI real estate market. The costs of flood insurance can be very expensive, or they can be very low! It is essential that buyers understand how flood insurance is rated in the LBI NJ real estate market.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Building a New Home in the LBI Real Estate Market

Building a new home on LBI can not only lower the cost of your insurance, it can also be a great long term investment! When a piece of vacant land or a tear down home is purchased for the right price and a home is built on budget a buyer should be able to realize immediate equity in the home and, if they chose to do so, sell for a profit. Building a new construction in the LBI NJ real estate market has a number of advantages over buying a ready built home. The basic process involves:

  • Finding the right vacant land or tear down
  • Meeting with an architect and builder
  • Working through the construction of the home with the builder

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

 

 

Home Inspections in the LBI Real Estate Market

Home inspections are an important part of any transaction in the LBI real estate market. A home inspection will help to uncover defects in a house so Home Inspections and the LBI Real Estate Market need to be well understood. This is especially true in the second home market where a buyer may not be as familiar with the area and what the potential "trouble areas" are. This is a VERY important step in the sale process as it will safeguard your investment for a minimal out of pocket expense.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Hurricane Sandy and the LBI NJ Real Estate Market

Since Hurricane Sandy there have been major changes to the Long Beach Island NJ real estate market that can impact your ability to purchase a property. Contrary to rumor, not every house on LBI needs to be raised so excluding the older style Cape Cods for this reason alone could mean you will miss out on a great buy. As a buyer in the LBI real estate market you should ask for, an elevation certificate for any property you are looking to buy on LBI, reports of damage from Hurricane Sandy along and repair bills/permits to see who repaired the damage and how.

 

 

 

Long Beach Island Real Estate Buyer Updates and Information

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

How to Find a LBI Real Estate Home Inspector

  Long Beach Island Real Estate Home Inspections Long Beach Island Real Estate Market Inspections In most cases, once an offer has been accepted in the LBI real estate market and a transaction has cleared attorney review a buyer will set up a home inspection. A home inspection is a critical stage of the sale

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Understanding LBI Real Estate Annual Percentage Rate

Long Beach Island NJ (LBI NJ) Real Estate Market Amortization Understanding LBI Real Estate Annual Percentage Rate An annual percentage rate, also known as an “APR”, is a value derived by a formula to reflect the true cost of borrowing money. This is expressed as a percentage that shows the true cost of the loan

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Can Make A Good Bottom Line Investment

Long Beach Island NJ (LBI NJ) Real Estate Market Investment for the Long Term Long Beach Island Real Estate Buying a home in the LBI real estate market can be a good long term investment. Long term or “Bottom Line” investments can include things like stocks, gold, savings accounts and of course, real estate. LBI

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Five Tips For Buying LBI Real Estate

Buyer’s Tips for Shopping in the Long Beach Island NJ (LBI NJ) Real Estate Market Long Beach Island Real Estate Buying a home in the LBI real estate market can be confusing if you don’t know where to start. A second home market like the one found on Long Beach Island can differ greatly from

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

How to Make a Competitive Offer in the LBI Real Estate Market

Making a Competitive Offer in the Long Beach Island NJ (LBI NJ) Real Estate Market Long Beach Island Real Estate For many buyers in the Long Beach Island real estate market making an offer on a home is an intimidating step in the home buying process. This can be especially true if there are multiple

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Buy the Ugly House on Long Beach Island

    Buying a Fixer Upper House in the Long Beach Island NJ (LBI NJ) Real Estate Market Long Beach Island Real Estate The Long Beach Island real estate market can be highly competitive. Buyers may find themselves having a hard time finding a deal, especially when looking at the more competitive locations like oceanfront

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Market 20% Down Payments

  Long Beach Island NJ (LBI NJ) Real Estate Market and the Benefits of a 20% Down Payment (or more) Long Beach Island Real Estate When looking to buy a home in the Long Beach Island real estate market often times a mortgage will be involved. While it is true that many purchases are cash

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

How to Win a Bidding War in the LBI Real Estate Market

Long Beach Island NJ (LBI NJ) Real Estate Market Bidding Wars Long Beach Island Real Estate The Long Beach Island real estate market is competitive. Even in a down market there are opportunities for buyers on LBI and bidding wars are a rather common occurrence. Keeping that in mind, there are some simple ways to

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Two LBI Real Estate Trends That Could Make This A Good Time To Buy

Long Beach Island NJ (LBI NJ) Real Estate Market Buyer Trends Long Beach Island Real Estate When looking to buy a home in the Long Beach Island real estate market timing is everything. The market here on LBI, like elsewhere, goes though natural up and down cycles that are based on a number of local

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Three Things to Consider When Buying a LBI Real Estate Vacation Property

Long Beach Island NJ (LBI NJ) Real Estate Vacation Properties Long Beach Island Real Estate The Long Beach Island real estate market is mostly made up of second homes (vacation properties) and investment properties. In many cases these two concepts merge into a vacation house that is rented to help with the ownership costs. For

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New JerseyBuyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Low LBI Real Estate Inventory Levels and Fixer-Upper Homes for Buyers

Long Beach Island NJ (LBI NJ) Real Estate Market Buyers May Want to Consider a Fixer Upper Home Long Beach Island Real Estate When looking to buy a home in the Long Beach Island Real Estate many buyers are experiencing a shortage of good inventory. While in the past couple of weeks we have seen

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Getting Ready for a Home Inspection in the LBI Real Estate Market

        Long Beach Island NJ (LBI NJ) Real Estate Home Inspections for Buyers and Sellers Long Beach Island Real Estate Buying and selling a home in the Long Beach Island real estate market is a significant transaction. One of the most critical stages of any LBI real estate transaction is the home

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Buying a Home in the LBI Real Estate Market in Spring 2019

      Long Beach Island NJ (LBI NJ) Real Estate Spring Buyer’s Market Long Beach Island Real Estate 2019 started off rather slow with less buyer activity (but stable prices). The spring real estate market on Long Beach Island has changed that trend. We have seen a higher number of sales recently more in

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Buying Long Beach Island Real Estate Condos

Long Beach Island NJ (LBI NJ) Real Estate Condominiums Long Beach Island Real Estate There are many points to consider when buying a condo in the Long Beach Island real estate market. Apart from the core concepts of location and condition, one must take into account the type of condo, the association and the solvency

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Lower LBI Real Estate Interest Rates Make This A Good Time To Buy

Long Beach Island NJ (LBI NJ) Real Estate Market Interest Rates Long Beach Island Real Estate When looking to buy a home in the Long Beach Island Real Estate market it is important to keep in mind your total cost of ownership. The purchase price is but one rather small component of the overall transaction.

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

Three Reasons to Buy a Shelter Harbor Condo on LBI

Long Beach Island NJ (LBI NJ) Real Estate and the Shelter Harbor Condo Complex in Beach Haven Long Beach Island Real Estate and Shelter Harbor When looking to buy a condo in the Long Beach Island real estate market a condo can offer a great option. There are a number of condo complexes with units

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Investment Properties and Where to Buy Them

Long Beach Island NJ (LBI NJ) Real Estate Investment Properties Long Beach Island Real Estate LBI NJ Real Estate Investment Properties can offer a great alternative to more traditional investment vehicles. Of course any investment should be checked with an accountant and/or a financial planner but real estate can offer a good hedge against more

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Buyer Tips

Long Beach Island NJ (LBI NJ) Real Estate Market Buyer Tips Long Beach Island Real Estate Buying a home in the Long Beach Island real estate market is a major investment. With home prices ranging from $200,000 condos to $10,000,000 estates there are a lot of options and a lot to understand about the LBI

 

 

 

Buyers Long Beach Island NJ Real Estate | LBI Real Estate Market Buyer | Long Beach Island New Jersey

LBI Real Estate Buyer Activity in 2019

Long Beach Island NJ (LBI NJ) Real Estate Market Buyer Update Long Beach Island Real Estate LBI NJ Real Estate market sales have picked up a little since the beginning of the year. While overall sales of single family homes continue to lag behind 2017 and 2018, there are some encouraging signs for buyers in

 

 

 

Popular LBI Real Estate Searches

 

 

 

Nathan Colmer

The Van Dyk Group

Cell: 609.290.4293

Toll Free: 800.222.0131

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