Sea Isle City Reflections

This is something that was discussed in our office the other day. My broker had a discussion with his financial advisor about the Real Estate and Stock Market

His financial advisor made an interesting comment to him. He said: “Buying stocks are just like buying real estate. For some reason, everyone wants to buy their shoes on sale, but nobody wants to buy a stock - or real estate- when it’s on sale!”

I also find this to be true.

Real estate has appreciated on average 17% per year over the past 25
years in Sea Isle City. The market saw a downturn in 1991-1992, and now
again in 2005-2006. It seems to me that properties are on sale right now.

Interest rates are down again - 30 year fixed rate is about 6.5% with 0
points.

If you are interested in purchasing a property at the Shore, and hadn’t
done so prior to 2001; NOW is the time to buy. I believe the next six
months (prior to the Spring season) will be the best time to purchase a property.

Don’t wait for EVERYBODY to get back in the market because once this starts to happen, prices will start to rise, and the opportunity to buy a property on sale will be gone.

Let me help you be a part of the group who will talk about the great opportunity you saw when real estate properties were on sale at the Jersey Shore.

I look forward to hearing from you.

Sincerely,

Joe Prato
NJ Realty
www.sea-isle.net
jep@njrealtyinc.com
1-800-648-9316 ext. 21

As many of you are aware, the real estate market in Sea Isle City, along with almost every other area, has leveled out over the past several months. By doing so, this leaves a great opportunity for buyers to take advantage of the market at the shore. With low interest rates, reduced prices and motivated sellers, opportunity knocks.

If you have missed the opportunities the shore has had to offer in the past, don’t miss out again. As an investor, I’ve just put in an offer on an investment property in Sea Isle myself. The conditions are great for buyers.

The 2007 rental season is going to be a banner year for Sea Isle after we had a great year in 2006. We have had many repeat customers book their property for 2007, which lessens the amount available for those who wait. At NJ Realty, our rentals were up almost 21% in 2006 and we feel we will be up even more for the 2007 season. So, those of you interested in your vacation at the shore for the 2007 season, don’t wait too long before booking. The earlier the better.