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Property Q&A in 08087 : Real Estate Advice

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  • Local Info0
  • Home Buying11
  • Home Selling1
  • Market Conditions1

Activity 4
Fri Oct 3, 2014
Brigid Ross asked:
I live in Sea Oaks and my sister is looking for a foreclosure property in the development.

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This question was asked from this property: http://www.trulia.com/homes/New_Jersey/Little_…
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Mon Sep 14, 2009
Laura Giannotta answered:
As you already know, NJ is not an inexpensive place to live! You really need to speak with a mortgage professional. Many homes in the Little Egg Harbor/Tuckerton area qualify for 100% Rural Development financing (USDA) and the state has a live where you work loan loan program through the NJ Housing and Mortgage Finance Agency.

With regard to the market, in August 2008, 17 homes sold in Little Egg Harbor with a median price of $235,000. In August 2009, 30 homes sold in LEH. The median price was $202,000. In Tuckerton 2008, 6 homes sold in August, with a median price of $240,000. 7 homes sold in August, 2009. The median price of those homes sold in Tuckerton was $160,000. This is based on information from the Jersey Shore MLS.

As Kimberly said there are some real bargains out there, but to take advantage of those you'll need to get together with a mortgage professional to see if and what you can buy, and then be ready to jump when the opportunity presents itself. Good luck!

If you have further questions about the market in southern Ocean County or need the names of some mortgage professionals in the area, feel free to contact me.

Laura Giannotta
Keller Williams Atlantic Shore
609-384-6121
Laura@JerseyShoreViews.com
... more
2 votes 6 answers Share Flag
Wed Jan 21, 2009
Laura Giannotta answered:
According to the tax records this property was purchased in 2005 and as already stated it is not currently for sale through a broker.

Laura Giannotta
Keller Williams Atlantic Shore ... more
0 votes 3 answers Share Flag
Mon Sep 22, 2008
Laura Giannotta answered:
I have a town home available for sale in Little Egg Harbor. Unfortunately, it can not be rented. If you are interested in Little Egg Harbor rental, don't look at only rentals. Many units that have been on the market for quite sometime and an agent could help to negotiate a rental.

Also, the rental price listed is not always carved in stone. So if you see something a little over your head, negotiate for a lower monthly rental fee. With a good credit history and references you could be quite successful.

Best of luck. If you need help in southern Ocean County, please contact me.

Laura Giannotta
Keller Williams Atlantic
609.384.6121
... more
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