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 […]
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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 […]
FALL on LBI – Great Time, Time to Start Looking for a Beach House!
Fall on LBI is such a great time of year. The water temperatures have typically warmed, the crowds have thinned out and many places on LBI remain open for business. It is one of the best times to explore the island. Whether you enjoy seeing the migrating monarch butterflies, this time of year, surfing, kite […]
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 […]
Seller’s Market Remains
As we head into May 2022, the market is still a Seller’s market. Inventory on LBI remains low and demand for LBI homes remains high. I do not expect any change as we head into June and July. In August I think we will see a bump up in inventory and then another bump up […]