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James I. Marshall, Crs, Gri, Epro
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"Delivering Waves of memories Since 1977 ..."
A native of Ocean City, NJ, I reside here with my wife, Betty, and our six children, James ( 21 ), Thomas ... show more
A native of Ocean City, NJ, I reside here with my wife, Betty, and our six children, James ( 21 ), Thomas ... show more
James I. Marshall, Crs, Gri, Epro answered:
Hi Donna,
There is a market for year around, as well as seasonal (summer) rentals in Ocean City. Being a landlord is a business and expect that there may be maintenance issues to deal with.
There ARE sales taking place in Ocean City, with prices VERY dependent upon the condition of the property.
You would be wise to get a price opinion on the property and weigh the need for the proceeds against any plans you (or any family) might have for the property over a longer term (say 5-7 years). At the same tine ask for rental comparables, both yearly and seasonal, and assess whether you want to become a landlord.
The more information you gather the better your ability to make the right decision.
Warm regards,
James I. (Jim) Marshall, CRS, GRI, e-Pro
Prudential Fox & Roach REALTOR (R)
Ocean City, NJ
email : jim@jimocnj.com
office : 1 - 609 - 399 - 0066
cell/pager : 1 - 888 - 602 - 3243
There is a market for year around, as well as seasonal (summer) rentals in Ocean City. Being a landlord is a business and expect that there may be maintenance issues to deal with.
There ARE sales taking place in Ocean City, with prices VERY dependent upon the condition of the property.
You would be wise to get a price opinion on the property and weigh the need for the proceeds against any plans you (or any family) might have for the property over a longer term (say 5-7 years). At the same tine ask for rental comparables, both yearly and seasonal, and assess whether you want to become a landlord.
The more information you gather the better your ability to make the right decision.
Warm regards,
James I. (Jim) Marshall, CRS, GRI, e-Pro
Prudential Fox & Roach REALTOR (R)
Ocean City, NJ
email : jim@jimocnj.com
office : 1 - 609 - 399 - 0066
cell/pager : 1 - 888 - 602 - 3243
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