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Home Buying in Sea Isle City : Real Estate Advice

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  • Local Info1
  • Home Buying6
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Activity 8
Sun Aug 28, 2016
June Buerkle answered:
What is the contingency clause?

When you sell your home, the closing agency will have to satisfy the liens against the property in order. First mortgage gets paid in full first, then a Second mortgage would be paid, then any subsequent liens (IRS, mechanic liens, etc.) Before the seller gets paid anything.

The only time this would usually be an issue is if you were in agreement to sell for a price which would satisfy the first mortgage but not the second mortgage, in which case you are essentially entering into a short sale agreement with the Second mortgage company, or toy are bringing cash to the table to satisfy the Second mortgage.
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Sat May 30, 2015
Burke & Co. answered:
Any comparison of apples to apples categories will reveal an increase in prices in SIC over the same time period. With the exception of one notable segment, prices are up. However, the bottom end of the market has been particularly active, skewing the data. Any guess what one segment did not move up in price and might be the best value out there right now on the island? ... more
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Fri Oct 4, 2013
Joe Butler answered:
Fri Sep 27, 2013
Donna McKenna answered:
Very difficult question. Of course, I think all of Sea Isle City is amazing! That being said, I would have to know your specific interests to find the perfect location for you and your family. Either end of the island (Townsend's Inlet to the south and Strathmere to the north) offer the convenience of being both close the ocean as well as close to the bay. Both areas tend to be a bit quieter than the center of town where you find many of the island shops, restaurants and clubs. If you love to fish, we have many bay-front homes that come with docks to keep your boat close for those quick excursions. These properties offer amazing sunset views and tons of amenities. Or, if you prefer, we also have glorious ocean-front properties that have views of the ocean to die for. I would need to know your interests to give you a better idea of the area that would work best for your particular needs. Call me anytime, (609) 263-3400 to discuss all your options. ... more
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Wed Sep 25, 2013
Fasy Group answered:
Really good question. It comes down to which town feels right for you. Both offer a lot of opportunities, and they are both excellent in terms of investment and rentals. Ocean City is a bigger community and probably has more shops/restaurants open in the off season. However, all shore towns try to extend the season with events through the fall and spring.
Give me a call to discuss further.
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Sat Apr 6, 2013
mj_gleeson asked:
This question was asked from this property:
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Tue Aug 21, 2012
Susan Giordano answered:
Hello Helen, 114 82nd Street unit #C is a 2 bedroom, 1st floor rear unit.
The property has two buildings on the lot. A front building which is a duplex(two units) and the rear building is also a duplex(two units). Unit C is located on the 1st floor of the rear building. It is a 2 bedroom, 1 bath unit with updated interior, nice front porch designated to the first floor only with off street parking in rear for C and D units and a side concrete area which is shared by the rear building owners only. I hope this information has been helpful. Feel free to contact me with any other questions. Susan Giordano ... more
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Sat Jun 11, 2011
Greg Schoultz answered:
Ask your Realtor and Attorney; you probably can cancel and get your money back but it depends on how your contract is written.

Having said that, you made a decision to buy your ";dream home" based on what was likely a diligent and careful search. You have seen all of the other homes that were available on the market and decided on this one for some very good, solid reasons. Trust your initial judgement.

Although four thousand dollars is a lot of money, compared to the "deal" that you are likely getting on this home it is insignificant. 2011 is the year that all buyers will be looking back on and saying; "I should have bought that seashore home"! So, just buy that home and rest easy.
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