Be glad you are buying or bought at the Jersey Shore and not Dubai !

By
Real Estate Broker/Owner with Shore Points Realty BR# 8340248

Dubai went bye bye Jersey shore Here I come !Reuters is out with a new report on the state of real estate in Dubai.  According to the report, prices in Dubai are expected to continue to decline.  Here on the Jersey Shore in Cape May County, we are expecting prices to steady.  Unlike many international markets we continue to have an influx of yearly vacationers to Sea Isle City and the Jersey Shore. 

Buyers have been enjoying the benefits of the lower than normal interest rates are quietly buying up most of the low hanging real estate before next spring when the sellers seem to have some footing on the prices and have the benefit of the summer rental incom wind at their backs.

My peers and I used to joke about having clients cruise down during snow storms with borrowed SUV's to get a brand new property listing under contract before the weekend when herds of potential home owners would weigh down the Islands with cash filled pockets and deposit checks already written and signed before even seeing the house.

To put this in prospective this is the fall and winter season that buyers will be rambling down for the last of the distressed inventory. More of the available properties are priced to market than any time in the past seven years.

Contact Ian or any well trained agents of The Lazarus Team, The Landis Co., Realtors, for market data that an engineer would cry for. We can explain the information so that your four old grandchild can grasp as long as he didnt just get off the boat from . . . . .

Get the point? We do easy, easy ! As my son Rami says "Relax and let use do the heavy lifting." The apple doesn't fall far from the tree I see.

For all of the reader who have been lulled to sleep over the past seven years and congratulating themselves in not getting caught purchasing a shore home at the top of the market for what ever reason. Don't get to cocky because even the smart and very smart money are moving in.

Let us know what part of the buying process we can help. We are saving our clients thousands of dollars today!

For those who are interested we do have a Jersey Shore Foreclosure & Short Sale Email List Available. 

 

Posted by

 

 

From the beautiful beaches of the Jersey Shore to Florida , I serve discerning home buyers and sellers. If you are moving anywhere in the United States contact me for a member of my Real Estate network that I would used myself if I was making a move. Ian Lazarus

Sea Isle City, NJ - Avalon, NJ - Stone Harbor, NJ - Outer Banks, NC 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
New Jersey Cape May County Sea Isle City
Groups:
Active Rain Newbies
Realtors®
ActiveRain Gatherings
Dedicated Bloggers
South Central Pennsylvania Realtors
Tags:
condos
jersey shore
townhouses
foreclosure
short sales
real estate
reuters
sea isle city

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,907,386
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

A house right behind us on 20th St. (between Asbury and Central) has a Sheriff Sale notice on it !

Oct 25, 2011 02:20 AM #1
Rainmaker
113,720
Ian Lazarus,CRB CRS
Shore Points Realty - Sea Isle City, NJ
Jersey Shore 2nd Home & Financial Specialist

Michael, I would say that 95% of the sheriff sale notice go without the final sheriff sale. Sometimes its for back taxes. Sometimes its just a Lis Pendens. Sometimes the owner pays the bank until it is back to even, Short sales have become the new foreclosure option for the banks and so on. If the property goes to foreclosure it could take 18 to 24 months because the banks arent in a rush to take them back.

Hope all is well ! Regards, ~ Ian

Oct 26, 2011 04:33 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
113,720

Ian Lazarus,CRB CRS

Jersey Shore 2nd Home & Financial Specialist
Ask me a question
*
*
*
*
Spam prevention

Additional Information