Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in Stone Harbor : Real Estate Advice

  • All8
  • Local Info0
  • Home Buying3
  • Home Selling1
  • Market Conditions1

Activity 6
Thu Oct 17, 2013
mm230 answered:
I have a house there and you should not have any problems, especially if you're close to town. Honestly, I feel that is as important if not more so if you're not on beach block.
1 vote 2 answers Share Flag
Thu Jun 14, 2012
Chris Talone answered:
The best spot ever! Benny's Landing..."arrogantly shabby"!!!
There are great pictures available from a hundred years ago...when the only way to get to Stone Harbor was to take a ferry from Benny's Landing.

If you're looking for "slick" and fancy and will not want to come here. If you love nature and a "barefoot quality" to a place reminiscent of the Summer of '42...this is your spot.
... more
0 votes 5 answers Share Flag
Fri Jan 28, 2011
Janet DeLorenzo answered:
Avalon & Stone Harbor is mainly a second home market...sellers have all different reasons for selling...and yes you will see some sellers will and have accepted a reasonably lower offer from their asking really depends on why seller is selling which determines their time frame.. ... more
0 votes 6 answers Share Flag
Thu Dec 16, 2010
Craig Worton answered:
It's a lower priced alternative to being on the island. The taxes are almost triple and if you are thinking of it as a true investment property, the rents will be significantly lower. Closer to the beach = higher rents.

Values have dropped significantly, so there should be some upside down the road. Overall it depends what you are looking for and what type of property it is and what you can buy it for!
... more
0 votes 2 answers Share Flag
Tue Feb 9, 2010
Jerry Barker answered:
I published an article online that can be read by clicking on the link in the web reference, its titled "My 2010 Real Estate Outlook." There are a number of driving factors that will be pulling down the values of property this year and maybe straight through the rest of the decade, read the full article for full details, but here are the highlights.
1. First time home buyers tax credit program ends in april
2. Government stops buying mortgage backed securities
3. MBS now have to be purchased by the private sector, forcing mortgage rates up.
4. Higher mortgage rates, equals lower home values.
5. Tighter lending standards, such as higher credit scores, larger down payments, and lower debt ratios needed in order to qualify for mortgage will limit the pool of potential buyers, less buyers equals lower property values.
6. We have 4 more waves of toxic adjustable ARM's coming due and resetting this year alone. This will force a ton of new forclosures into our already bank owned saturated market, thats been pulling down the price of real estate since these sales typically sell for less the market value. The ARM's coming due this year are the 3 yr arms from 2007, 5 yr arms from 2005, 7 yr arms from 2003, and the 10 yr arms from 2000. All of these on top of the rest of the creative financing that went down this past decade. We also have at least 10 more waves coming due over the next 7 years.
7. FHA is increasing the minimum amount of required mortgage insurance from 1.75% to 2.25% whcih will increase peoples payments meaning they will be able to afford less home for the payment.
8. Last but not least, the maximum amount of seller concessions will be going down from 6% to 3%
... more
0 votes 3 answers Share Flag
Wed Mar 18, 2009
Larry Sarlo answered:
Although the address is Stone Harbor, which is a plus plus plus by all means... It is not on the island. Bayberry Ave is a real nice stretch of road between the island of stone harbor and Cape May Court House. Bayberry Ave also turns into Golf Club Rd as you go South towards Wildwood. the Wildwood Country club is also on this road. The homes and area is somewhat a hidden gem on the entire stretch. Known mostly to locals and only visible to passer byers from the Garden State Parkway on the East side. I have sold KHov Four Season properties in other areas and their amenities are usually upscale to moderately upscale.
Flood insurance is almost certain, although surely this was taken into consideration when constructed so that elevation requirements are maintained for a less costly policy.

Like all over 55 communities they are limited to no children or allow children to stay for short periods. Communities such as these must maintain 80% over 55 occupancy to maintain there adult status only.
The community must maintain a survey to prove they are maintaining the adult living status. I am sure Four Season Stone Harbor is maintaining within the 80% rule. But have an analysis done and ask for the info if that is important to you. But remember you are also restricted to whom you can sell to also. But a surviving spouse or heir, under 55, would not be rejected from ownership.

The Adult status is mainly nothing more than for over 55's to occupy a community without children or families. The law has allowed this variation of discrimination for the sole purpose of this. Not a real concern but also know you are restricted to reselling to over 55 also. But the 80% rule can also allow for an exception...
... more
0 votes 2 answers Share Flag
Search Advice
Home Buying in Stone Harbor Zip Codes