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Home Buying in Ocean City : Real Estate Advice

  • All189
  • Local Info13
  • Home Buying50
  • Home Selling9
  • Market Conditions6

Activity 55
Paul Lizell, Home Buyer in Dover, PA
Sun Jul 10, 2016
Paul Lizell answered:
I have a great cash flow rental I am looking to sell, need to build an addition onto my primary residence so I am looking to cash out. I also have 2 other wholesale deals I am looking to sell in Tobyhanna, both cash flow rentals. Contact Paul (267) 481-0937 ... more
0 votes 9 answers Share Flag
 Kathy, Real Estate Pro in Lehigh Acres, FL
Sat May 14, 2016
Kathy answered:
Ocean City is primarily a summer resort destination. During the winter there isn't much to do and residents just go about their lives. You should know the year round resident population is very small and only during the late spring & summer months it grows to the thousands as many out of area vacationers stay there for a week - the end of summer. ... more
0 votes 1 answer Share Flag
Diane Christ…, Real Estate Pro in Sarasota, FL
Mon Jul 13, 2015
Diane Christner answered:
You may want to read a previous post on trulia about this topic:

http://www.trulia.com/voices/Agent2Agent/What_do_you_think_about_Hubzu_formerly_GoHoming_-451783
0 votes 3 answers Share Flag
Josh Barnett, Real Estate Pro in Chandler, OK
Tue Mar 18, 2014
Josh Barnett answered:
Deirdremch, Home Buyer in Ocean City, NJ
Mon Jan 6, 2014
Deirdremch answered:
the southern end is also easy to rent if the price is right!
0 votes 9 answers Share Flag
Joe Jauss, Real Estate Pro in Ocean City NJ 08226,...
Wed Jan 1, 2014
Joe Jauss answered:
Aldrich Road is right along side of a large grocery store, i know a better deal in a much better location in that price range on asbury avenue , call or email me (609) 231-6209 or joewj3@gmail.com -Berkshire Hathaway ( Ocean City) ... more
0 votes 4 answers Share Flag
Joanne Berna…, Real Estate Pro in Northfield, NJ
Tue Dec 31, 2013
Joanne Bernardini answered:
Raising a home would involve expenses that are shared by both owners through the condo association. Flood insurance is also a shared expense. You are responsible for damage inside your door but the association is responsible for for damage to common areas. If this property has been up remediated since Sandy, I advise you to get a thorough inspection, including mold which will be a budget buster! ... more
0 votes 4 answers Share Flag
Joe Jauss, Real Estate Pro in Ocean City NJ 08226,...
Fri Dec 27, 2013
Joe Jauss answered:
Yes , its time to buy. Call me anytime, lets look at some homes!. (609)231-6209 Joe Jauss Berkshire Hathaway - Realtor
0 votes 18 answers Share Flag
Don Simmons, Real Estate Pro in Hillsborough, NJ
Tue Dec 24, 2013
Don Simmons answered:
The straight up answer is no, you don't need one. That said, though real estate is a routine transaction, you should understand that unless you are schooled in real estate law and the intricacies and possible complexities that can arise in a transaction, I highly recommend that you have someone like an attorney who will PROTECT your interests, particularly if you're buying the property through the listing agent. If you are doing that, you're then in a "Disclosed Dual Agent" situation and basically on your own and can get hosed royally. That kind of situation is like having one attorney representing both parties in the transaction and that can't be done because of conflict of interest. Your realtor is supposed to be your best guide and resource and has a fiduciary responsibility to you. Be guided accordingly. But as I said, if you're buying the property direct from the listing agent, I'd get an attorney. ... more
0 votes 16 answers Share Flag
Susan Gardner, Real Estate Pro in Ocean City, NJ
Sat Nov 9, 2013
Susan Gardner answered:
Hi Joanne,

I am very sorry to hear about you water damage. Unfortunately, that is not enough. You will need to have a professional company such as Serv Pro assess the damage so you do not incur health issues. Good luck Joanne! ... more
0 votes 4 answers Share Flag
mgvrmark, Home Buyer in Ocean City, NJ
Tue Sep 24, 2013
mgvrmark answered:
THANK YOU so much Edward, Joanne, Eric and Joan -- great answers, you've really helped me get an initial understanding. I plan to visit Ocean City a few times this fall & winter to get a better understanding of the town and island. I hope to be ready to buy a place in early 2014. Thanks again, you've all be very helpful. ... more
0 votes 5 answers Share Flag
Peter Adams, Real Estate Pro in Ocean City, NJ
Mon Jul 29, 2013
Peter Adams answered:
Hi Pam,
You ask a very simple questions that unfortunately has a very complex answer. While it is true that the next round of maps to be released, the "Preliminary Maps" set to be released soon, will likely change to our favor we hope, and will give you a better understanding as to flood premiums going forward, There are many other factors to be considered when it comes to flood premiums. Without knowing exactly where or what types of properties you are looking for, I would tell you waiting might not be a bad idea, again depending on where you are looking to buy, and the age and current elevation of the home. The wait will not be a long one as the maps are due out any time now. Again there are many factors that affect flood premiums other than just "Zones" that are not even being mention here and truth is, it is a lot of data to be listed here. If you wish to discuss this further please fell free to call me at anytime on my direct line at 609-432-3634 and we can discuss different types of properties and locations, and what you will likely be looking at in terms of premiums.
Pete Adams
RE/MAX at the Shore
O. 609-398-7100
C. 609-432-3634
email. Pete@peteadamsoc.com
www.peteadamsoc.com
... more
0 votes 8 answers Share Flag
Eric C. Axel…, Real Estate Pro in Haddonfield, NJ
Thu Jun 6, 2013
Eric C. Axelson answered:
People sell for all sorts of reasons, loss of job, job relocation, etc. If there was an issue with the entire complex, you would see more than one unit on the market at this time. Glad to see you are paying attention, but I wouldn't be concerned that there is some underlying major problem. Obviously I, nor anyone in their right mind is going make any sort of guarantee that there are no problems, but considering the low turn over rate (3 Sales in the past and1 Active listing) I wouldn't read too much into it other than the current owners personal situation has changed since purchasing the property.

It's a nice unit, let me know if you would like to check it out at your earliest convenience.
... more
0 votes 3 answers Share Flag
Joanne Berna…, Real Estate Pro in Northfield, NJ
Sun May 19, 2013
Joanne Bernardini answered:
Ocean City is open and ready for business! The South end took a big hit from Sandy but officials have been diligently working to put things back together. Come down we're ready for you!
Parking area and bathrooms look great!
Joanne Bernardini, SFR
Coldwell Banker Casa Bella Realtors
Direct 609-947-2451
Email: joannebernardini@gmail.com
... more
0 votes 3 answers Share Flag
Matthew Rydz…, Real Estate Pro in Ocean City, NJ
Sat Apr 27, 2013
Matthew Rydzewski answered:
The original name of the fishing pier is "Pinto's Pier" .

For a century, the old 59th Street fishing pier stood up to the slamming waves, although for 30 of those years, it served only as a landmark and a backdrop for photography.

The pier was closed for safety reasons while it was still in private hands, and ended up as city property – part of a deal in 1985 aimed at blocking the construction of duplexes at the site.

Over the decades since then, there was never enough support to rebuild the pier, or enough to finally tear it the rest of the way down.

In the early 1990s, a small but persistent group of supporters fought to save the structure, advocating for years that the pier be rebuilt and opened to the public.

Now it looks as though Hurricane Sandy has settled the issue once and for all.

Since the storm, all the decking is gone, and only seven whole pilings remain, along with some broken pilings standing a little above the water at high tide.
... more
0 votes 3 answers Share Flag
James Scott, Real Estate Pro in Ocean City, NJ
Fri Apr 26, 2013
James Scott answered:
Hi Joan, Thank you for your inquiry. Right now there does not appear to be any unit available at this location. From what I could find out the last unit that sold was in November of 2011, 4 bed 2 1/2 bath, for $105000. If you have any interest in any other places in Ocean City please e-mail me at jims@foxocnj.com or feel free to call at any time on my cell 845-781-3271. I would be happy to provide you with any information. ... more
0 votes 4 answers Share Flag
Kenneth Fows…, Real Estate Pro in Ocean City, NJ
Tue Apr 23, 2013
Kenneth Fowser answered:
Joanne Berna…, Real Estate Pro in Northfield, NJ
Sat Mar 23, 2013
Joanne Bernardini answered:
I toured this grouping of homes that sit right on the Bay in Ocean City after hurricane Sandy. All of the first floors were badly flooded and damaged. While I was there, All of the first floor interior walls of these units were being stripped out and appliances were sitting in the court yard. They were aggressively making repairs. These units have beautiful bay views, and are a cute little enclave of homes. However their location makes them very vulnerable.

If you would like to look at other units in Ocean City that faired better after Sandy, please give me a call!

Joanne Bernardini, SFR, CSSA
Sales Associate
Coldwell Banker Casa Bella Realtors
c-609-947-2451
email: joannebernardini@gmail.com
... more
0 votes 2 answers Share Flag
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