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Ocean City : Real Estate Advice

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

Activity 86
Thu Aug 23, 2012
Jim Olive answered:
As with many things, Helen, it all depends! Did the deal fall through for one of the reasons that the contract was contingent on? For example, if you had an inspection contingency, got the inspection results, found that there was a flaw you were unwilling to deal with, you can break the contract and get your deposit back. Similarly, if you could not get a loan on the property (whether it was due to your credit or a low appraisal of the house) and you had a financing contingency in the contract, you are released and the deposit is returned. If the deal fell through, however, because you just got cold feet, then you risk losing the deposit. Best of luck...Jim ... more
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Fri Oct 12, 2012
Leo Nicholl JR. answered:
0 votes 5 answers Share Flag
Sat Aug 11, 2012
Tim Moore answered:
Good luck with it, then keeping them all happy and agreeable and it will not be easy. Co-ops or fractional ownership or that stuff is tough because everyone must agree. You might be better finding a time share which is about the same thing. ... more
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Fri Aug 3, 2012
Jeannette Batsikas answered:
$650.00 about.... Hope my answer was helpful wish you the best!
0 votes 3 answers Share Flag
Tue Dec 24, 2013
Debra (Debbie) Rose answered:
In northern NJ we routinely use attorneys to handle our closings.

Other areas in the state - southern NJ is one - use the Title Companies - check with your agent to see what he or she recommends.

Best wishes..........
... more
0 votes 16 answers Share Flag
Tue Aug 21, 2012
Joanne Bernardini answered:
Finding yearly rentals in Ocean City is difficult. Owners generally will rent for the winter meaning a lease from October1 to May 31. After that they rent for the more lucrative rates of the summer.
They are out there but they are scare good luck!
... more
0 votes 2 answers Share Flag
Mon Jul 23, 2012
Michael Rayno answered:
The property in quextion is a short sale, owner owes more than it is worth.
It is in a very old building and has no off street parking.
Hope this helps you
Mike Rayno
Prudential Fox & Roach Realtors
mjr@ocnj.com
... more
0 votes 3 answers Share Flag
Thu Jan 3, 2013
Joanne Bernardini answered:
A search today Jan. 3, 2013 of the MLS in OC shows no results. There are two in Somers Point that fit your requirements. Call me directly if you'd like to see them!
Joanne Bernardini, SFR,CSSA
Coldwell Banker Casa Bella Realtors
609-947-2451
... more
0 votes 1 answer Share Flag
Sun Mar 17, 2013
Nicole Presnall answered:
Pros are a great family small town w boardwalk beach and golfing. Dry town makes all the difference. The makeup of people are long time
Summer people who eventually retire year round here, pa and Delaware and different areas of New Jersey. Certain areas in town are ideal for similiar use vs. areas that are consistently weekly rental areas. Please feel free
To call us to discuss a detailed breakdown of the island! Nicole Presnall, The Presnall Group 609-827-3119.
... more
0 votes 5 answers Share Flag
Fri Sep 7, 2012
Rick Adams answered:
It is always easier to use a local lender , no matter where you are buying. A lender who is experienced with lending in a specific area already has the answers to many of the questions that could arise, making the process much smoother for you, and them, to complete the processing of the loan.

Rick Adams, REMAX at the Shore
3301 Bay Avenue , Suite B
609-398-7100...Cell 609-602-0684
www.radamsteam.remax-nj.com
richardadams@remax.net
... more
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Fri Dec 27, 2013
Paul Gilbert answered:
The south end is less crowded. The Island is pair shaped and the small end in in the 35-59 streets
0 votes 10 answers Share Flag
Fri Sep 7, 2012
Nicole Presnall answered:
Karen, I am the listing agent on this property and would be happy into answer all your questions on this unit. 609-827-3119 if you have a momet to talk? Thanks! Nicole Presnall
0 votes 3 answers Share Flag
Sun Sep 27, 2015
Gina Macom answered:
I agree with Caroline there aren't many yearly rentals in Ocean City to choose from. Include what you are looking for as far as how many bedrooms and baths, your budget and if you prefer a certain location. I would be happy to help! ... more
0 votes 6 answers Share Flag
Fri May 25, 2012
Peter Adams answered:
Hi Frank,
From what I am seeing, the single family market has been very strong. Properly priced homes are selling quickly in the single family home market as I have seen a shift from condo to single family buyers. I currently have qualified buyers that are having a very tough time finding a single family home in Ocean City in certain price points. I hope that helps a little bit and if I can help you out in anyway, please give me a call on my direct line at 609-432-3634 and we can further discuss pricing and current market conditions.
Have a Great Day!
Peter Adams
RE/MAX at the Shore
pete@peteadamsoc.com
... more
0 votes 12 answers Share Flag
Tue May 8, 2012
Donald Wristbridge answered:
I have a one bedroom for $6,000 for the season here in Ocean City.

Don
(609)377-7376
0 votes 5 answers Share Flag
Fri Apr 6, 2012
Roland Vinyard answered:
Various attorneys, real estate agents and also accountants may have expertise in this. I have done a few myself but don't pretend to be expert.I'd start locally and begin asking folks who has done a lot of this. Eventually you will reach someone with the needed experience. ... more
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Mon Mar 26, 2012
Michelle Mitchell answered:
John,
A home inspetion is always a good idea. You just never know what you will find.
Ask your Realtor to recommend one.
Michelle
0 votes 14 answers Share Flag
Tue Mar 20, 2012
Joseph Carideo answered:
Go to ocnj.us web site all Ocean City info is there...Joe
0 votes 1 answer Share Flag
Sun Mar 18, 2012
Jack & Jill Zaborowski answered:
Yes, and again definitely yes. As you check the market you will see that short sells are a very small percentage. It is becoming a market that is neither buyers or sellers. Things are becoming neutral. ... more
0 votes 3 answers Share Flag
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