Thursday, September 30, 2021

Long Beach Island Real Estate Equity Positions Have Risen

 

Long Beach Island Real Estate Equity Positions Have Risen







Long Beach Island Real Estate

With home prices and home values increasing in the LBI real estate market since Spring of 2020, current homeowners in the LBI real estate market are likely sitting on a sizable equity position. While it is a “paper gain,” the knowledge of having made a good investment is always comforting, and there are some ways to take advantage of this newfound equity. With home values being so high in the LBI real estate market, there will likely be some tax consequences to some of the suggestions below, which is why it is essential to discuss any financial investment or alteration with a trusted financial planner and/or advisor. The options available to current LBI homeowners vary, but some of the most common are:

  • Sell your home on Long Beach Island
  • Perform a cash-out refinance
  • Establish a line of credit

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.BuyLBI.com


Click here to search all homes for sale in the Long Beach Island NJ real estate market

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