Sunday, March 25, 2018

How to Stay Qualified When Shopping for a Home in the LBI Real Estate Market

LBI Home Buyer Qualification



How to Stay Qualified When Shopping for a Home in the LBI Real Estate Market

Long Beach Island NJ Real Estate Buyers

So you have decided to buy a home in the LBI real estate market! Great! Unless you are a cash buyer you will be in need of a mortgage to complete the transaction. It is advisable that before shopping for a home on Long Beach Island that you speak with a lender to understand what you can comfortably afford. This will result in the generation of a prequalification or a preapproval letter. These documents will convey to a seller that you are able to complete the purchase. These documents are however based on timely information provided to the lender from the buyer so understanding how to stay qualified when shopping for a home in the LBI real estate market must be understood by all buyers and investors.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Wednesday, February 21, 2018

New Curbing Requirements in Long Beach Twp NJ on Long Beach Island

New Curbing Requirements in Long Beach Twp NJ on Long Beach Island




Curbing Requirements in Long Beach Twp NJ

LBI NJ Real Estate

A new ordinance was just announced that will have an impact on most of the Long Beach island real estate marketLong Beach Twp, the largest of the municipalities on Long Beach Island, announced that all new homes and re-sales will be required to install a curb. Specifically, as of March 8, 2018, all new residential and resale properties will be required to install curbing in accordance with Ordinance 18-12C prior to the issuance of a Certificate of Occupancy. This provision allows for more on street parking in the busy summer months and reduces sediment run off. Like any decision, there are pros and cons to this. Specifically for sellers, the cost to obtain a resale certificate of occupancy has now jumped by several thousand dollars!

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Monday, February 12, 2018

2018 Tax Law and the Long Beach Island NJ Real Estate Market

2018 Tax Law and the Long Beach Island NJ Real Estate Market




Tax Reform and the LBI NJ Real Estate Market

Long Beach Island Real Estate

Tax Reform and the LBI NJ real estate market are two very important topics for all buyers and sellers on Long Beach Island to be concerned with. The recent changes to the tax law specifically have elements that can target the Northeast (New York, New Jersey, Connecticut) areas. Most notable are the changes tot he property tax deductions which have caused some to speculate there will be a drop in real estate values. That initial fear certainly had spilled over to the LBI real estate market but now that the real facts of the law are out and being digested the reaction has softened significantly. There are many other positive factors that seem to point to the LBI real estate market staying strong.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Tuesday, February 6, 2018

Flood Elevation Certificates and the LBI NJ Real Estate Market

Flood Elevation Certificates and the LBI NJ Real Estate Market



Understanding LBI Flood Elevation Certificates


Long Beach Island NJ Real Estate

When looking to buy a home in the LBI NJ real estate market an elevation certificate is essential. Not only is it required by most towns for the obtainment of a resale certificate of occupancy but it is also needed to determine the cost of flood insurance. The cost of flood insurance is a very real ownership cost in the LBI real estate market and can be the difference between a house being affordable and not affordable on Long Beach Island overtime. Understanding how and why flood insurance cost’s are what they are is a topic for another day but here we will work on Understanding LBI Flood Elevation Certificates on Long Beach Island.

For more information about buying a home in the Long Beach Island real estate market feel free to contact me anytime. 
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Friday, January 19, 2018

How to Sell your Home in the LBI NJ Real Estate Market in the Winter

How to Sell your Home in the LBI NJ Real Estate Market in the Winter




Tips for Selling Your Long Beach Island Home in the Winter On Long Beach Island

Long Beach Island Real Estate

While Long Beach Island is primarily considered a summer resort, most buyers and sellers in the LBI real estate market are surprised to find that winter is a busy time in the market. Purchasing a home over the winter months allows a new owner time to rent the property or make changes before the summer season kicks in. The challenge with selling a home in the off-season is that winter is not the easiest time of year to sell a home on Long Beach Island. Therefore, following some basic tips for selling your Long Beach Island home over the winter can help you maximize the homes full value.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Tuesday, January 16, 2018

Increased Costs of Construction in the Long Beach Island Real Estate Market

Increased Costs of Construction in the Long Beach Island Real Estate Market



Rising Construction Costs in the LBI Real Estate Market

Building a New Home in the Long Beach Island Real Estate

Since Hurricane Sandy made landfall at the end of 2012, new construction in the LBI real estate market seems to have exploded! Nearly every street seems to have a new homes, a trend caused by both required repairs thanks to the damage caused by Hurricane Sandy and the simple fact that there is tremendous upside potential when building a new home. Unfortunately, thanks to recent storms in Texas, Florida, and elsewhere, rising construction costs in the LBI real estate market or something we must contend with.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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Saturday, January 13, 2018

Lending Options in the Long Beach Island NJ Real Estate Market

Lending Options in the Long Beach Island NJ Real Estate Market





Understanding LBI Real Estate Mortgages

Buying Long Beach Island Real Estate

Buying a home in the Long Beach Island real estate market is no small undertaking. With such a significant investment at stake, it is important that every stage of the transaction goes and smoothly as possible. One of the least investigated areas of the LBI real estate market, surprisingly, is mortgages. Many buyers will simply work with one lender who they have used in the past or who was recommended to them without investigating the other options available to them. This can be a costly mistake that will result in a higher LBI real estate ownership cost.  Understanding LBI Real Estate Mortgages should be one of the first steps taken in any transaction on Long Beach Island.

By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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