Renting or Selling in the Long Beach Island New Jersey Real Estate Market
LBI NJ Real Estate
The Long Beach Island real estate market is predominantly comprised of second homes and vacation properties. This is vastly different than a primary market, and opens up a wide range of options to would be sellers. Usually, in a primary market, when you have outgrown or no longer use a home it is best to sell the property. However, in the Long Beach Island real estate market, if an owner would prefer not to sell their home, rentals are a very real possibility. Deciding to rent or sell your home in the LBI real estate market depends on your personal situation and your future plans. Renting a home can have several advantages such as:
- The rental income can cover most or all of the expenses.
- The property should appreciate overtime.
- When renting a home with a mortgage, the tenants will essentially be paying down your property.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
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