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 […]
Category: Long Beach Island Real Estate
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 […]
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
Where is the LBI Market at Now?
As we approach the end of September we are seeing, as predicted, prices remain more or less the same as they were through the Summer of 2022. The market is remaining competitive especially in the under a million dollar price point despite increasing interest rates and inflation. The real estate market on LBI remains competitive […]
LBI Real Estate Inventory August 2022
Heading towards the end of August, LBI inventory is creeping up. I expect the LBI inventory to continue to increase over the next month as the LBI rental season comes to an end. We have seen some price reductions, but the prices remain close to where they were at the start of summer. As more and […]
2022 May Market And Future Prediction For LBI And The Surrounding LBI Area
Interest rates continue to be a topic of discussion these days and for good reason. The recent increase in interest rates have slowed Buyer demand to some extent. The market has cooled a bit. The LBI market naturally cools this time of year due to summer rentals, etc. However, we have definitely seen a bit […]
How attorney review can rob you of a house that you have a fully executed real estate agency drawn contract on . . .
How attorney review can rob you of a house that you have a fully executed real estate agency drawn contract on . . . Once you have a fully executed real estate agency drawn contract in New Jersey and that contract has been delivered to all parties, a 3 day attorney review period begins (in […]
Interest Rates 2022
Interest rates seems to be the topic of discussion these days and for good reason. Interest rates are expected to increase 4 to 5 times in 2022. However, some good news for those in the jumbo loan market. If you are in the market for a jumbo loan then you likely will not see an […]