Interest rates and low inventory continue to be a thorn in many people’s side right now, but if you desire to buy something now or in the near future here are some things to keep in mind: An ARM (Adjustable Rate Mortgage) may provide a better interest rate play than the typical 30 year conventional […]
Interest Rates And LBI Update July 30 2023
On July 26, 2023 the central bank’s Federal Open Market Committee (FOMC) raised its funds rate by a quarter percentage point. It is questionable as to whether there will be any additional increases this year. The increase is the 11th time the FOMC has raised rates since March 2022. The fed funds rate sets what banks […]
LBI Real Estate HELOC
People have asked if it is possible to close on a Home Equity Line of Credit (HELOC) the same day they close on the purchase of Real Estate that they would like the HELOC against. Although there could be circumstances in which one could close on a HELOC on the same day they close […]
Long Beach Island – LBI , New Jersey is a great opportunity destination for investors.
Long Beach Island, New Jersey is a great opportunity destination for investors. Over the years I have worked with several investors – investors that are buying property to use for rental income, investors that purchase “tear downs” or vacant lots for selling new construction homes and investors that purchase property for both rental income and personal use. […]
LBI Real Estate – What to know about tax reassessments or reevaluations in New Jersey
New Jersey is not a State that will automatically reassess a property upon it being sold. New Jersey requires reassessments if it has been more than 10 years since the last reassessment was done in the subject municipality or if the coefficient of deviation (COD) for a municipality’s property assessments exceeds 15%. The COD is […]
Exploring Some Gems of LBI Real Estate
Long Beach Island, New Jersey is a small but beautiful destination for beach-goers and vacationers. Visitors come for the picturesque beaches and stay for the many entertainment and dining options. Here are some of the best things to do on Long Beach Island: 1. Sunset Park: Sunset Park is a small park located in Harvey Cedars, […]
Some things you should look out for when buying a home on Long Beach Island (LBI)
Looking to buy or sell on LBI? Call me at 609-300-3899. Email: lbideidre@gmail.com Insta: deidre_martin_lbi Website: lbideidre.com
Looking at Buying a home with Solar?
Looking at buying a home with Solar? Here are some things you will want to know. There are essentially four different ways that Solar Panels may end up on a house: 1.) ownership outright, 2.) ownership via financing, 3.) a lease or 4.) a power purchase agreement. I will discuss the four types of ownership […]
Does Closing on a Home in New Jersey Automatically Trigger a Tax Re-assessment?
Taxes are not reassessed based on solely a sale. The taxes are reassessed when there is an improvement done that would trigger a reassessment, when a town wide tax reassessment takes place, if a tax appeal is won, when a Certificate of Occupancy for New Construction is issued, when a subdivision occurs, when a […]
TEMPERATURE CHECK ON THE LBI REAL ESTATE MARKET – INTEREST RATES AND WHAT’S GOOD FOR BUYERS AND SELLERS
As temperatures decrease on LBI and we head into the winter season, interest rates remain on the rise. Another interest rate increase is expected in December, but the increase should be less of an increase than we have seen over recent months. It is predicted that we will see a .5% increase in interest rates […]