Real Estate Recovery in Salem County, NJ - part four
"Action is the foundational key to all success.” ~Pablo Picasso
"Smart money is coming back into real estate." That's what Richard Smith, CEO of Realogy, Inc. stated in October of 2010. 
I wasn't sure exactly what that meant....but I do now. 'Smart Money' are the funds controlled by investors who should have special knowledge of the right kinds of investments to make. Essentially, the term refers to funds controlled by insiders or to institutional money. The implication is that if the individual investor can figure out where the smart money is going, he or she can follow suit and make above-average profits.
How does that translate into Good Real Estate News in Salem County, NJ - part four? I believe smart money is showing up in an increase in commercial transactions. Let's take the township of Pennsville as an example. Recently we've seen a veterinarian, a dermatologist, an eye doctor among other business people purchase properties. We've seen a new 100-room hotel constructed, there is talk about waterfront development along the Delaware River, a $5,000,000 remodeling project at Walmart, a 5-unit multifamily complex was sold, as well as a 1 acre commercial parcel of ground.
I'm sure there are other commercial projects in the works right now that haven't become common knowledge just yet.
It is all good news!
'Smart Money' returning to Real Estate is always good news! Let's focus on that and watch it grow.
Real Estate Recovery in Salem County - part one
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