Regarding purchasing a townhome in Little Egg Harbor, It is a great time for a buyer in any area, there is a great variety on the market in many different developements. that give you the best choices Your conserns should be what your needs and requirements are. Is the purchase for a rental property, second home, or your primary home. Take your time and look at all the developements to see which best fit your tastes, living space, amenities along with location. Consider the price, what they are rented for and how many are used as rental properties, asoiciation fees, taxes and location. Then see which are best priced (by comparing) with all the amenities you need in the location that is best for you. Have your agent show you the current solds within the developement within the last 5 months. I personally have been marketing and selling real estate in Little Egg Harbor and Tuckerton area for 21 years now. I would be happy to help. Good luck on what ever you decide. Should you decide to contact me, my credentials and contact inofrmation click on my name to the right.
Think the people that bought in 2005 were told then was a good time to buy? Many are now bankrupt.
Pat, Be smart. Don't take advise from an Agent that makes money from people buying or from me. Read the T2 and make your own decision. Prices are not going up for 5 years, why rush? Wait until fall and see what happens. Supply and demand says all those unsold Townhouses will cause prices to drop further. That is common sense.
Regardless of gloom and doom seekers out there using information from a state acroos the country! This is a great time to purchase and or invest, due to great mortage rates and your selections of properties on the market. Would you rather be in bidding wars or take your time, see what is out there and able to negotiate a price best for your needs. As I stated before, you really need to investigate, work with an experienced local agent that will do the work, show you the comparables recently sold and under contract and everything currently available. Take your time. But owning and paying your won mortgage is much better than paying off someone else mortgage by renting! Good luck to you. I am here to help if you need an experienced, local, hardworking full time real estate broker associate with a 21 year proven record and repeat clients with references to represent you in your purchase.
Gregory has the best answer below. Of course that is a major concern. Where do you think buyers are going to come from? Now Buyers need 20% down and 2/3 of the buyers from 2005 don't even have 10%.
Do more research, this is a huge decision. If someone tells you this is a great time to buy, ask them what they are smoking. Prices are just starting to drop, see the link attached.
There are always a few deals out there, but if you buy you will need to stay for 10 years.
Please call my cell 732-539-8668
444 Ocean Boulevard North
Long Branch, NJ 07740
Licensed salesperson, NJ
Over 28+ Years of Full Time Experience
Many people that bought real estate during 2008 are doing much better than those that invested in the stock market. Overall in the LONG run, real estate holds up much better than investments in stocks!
I still believe!
Have a great day. Thanks for thinking about me. I knew you could never forget!
Yes and no. There are many townhomes for sale because many of the owners have either moved into homes or out of the area altogether. Most of the townhomes are older and hopefully are marketed so. Most have had good upkeep, some not. If you really want Tuckerton area, do your shopping wisely. If you wish to move a few miles either north or south of it, there are many newer townhomes which may be a better bargan, depending on how much you are willing to spend; sellers are willing to deal. Do your homework and searches. If you need help or more advice, feel free to call.
Crossroads Realty, Barnegat