Saturday, February 23, 2008

Timing the Real Estate Market

Ask anyone who owns a home : “What reasons prompted your purchase?” Most likely, "taking advantage of perfect market conditions" doesn’t rate very high.

The most important factor in buying or selling a home isn't what’s going on nationally - it is what is going on in any local market. Evaluating trends in an area you're looking to buy in is an essential step to creating long term wealth, whether you are in a buyer's or a seller's market.

You’ve probably heard, “Real Estate is Local.” Real estate sales in Ocean City, NJ, as reported by the South Jersey Shore MLS, increased by more than 10% in 2007 over 2006. More than 750 buyers knew that “timing the market” could delay their biggest long term investment portfolio asset – owning real estate.

Is buying a shore home right now a smart financial decision? Historically, property ownership seems key to building long-term wealth. Over time, most shore homes steadily build equity. Real estate can become the largest asset in your investment portfolio.

Today’s favorable interest rates are allowing many buyer’s monthly payments to be lower than they’ve been in years, and there’s a healthy inventory of homes for sale in Ocean City in almost every price range…. And be advised that the BEST listings aren’t hanging around very long these days …

If your current or future goals include a home at the shore “Ocean City is Worth Another Look”. And if now just doesn’t seem right, remember that your Realtor can be a valuable resource, and stay in touch, because “Real Estate is Local” and historically, purchasing a home has been a good long-term investment for families like yours.

To search for YOUR Dream Home at the shore, visit

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