If you've been shrewdly holding back for the past couple of years, waiting for the housing market to bottom out before you take your plunge, here's some sound advice: Get your bathing suit on. And then slip into the pool before it gets too crowded!!

That's because the statistical evidence is piling up weekly that the much-heralded "seller's market" that has prevailed in Ocean City, N.J. for the past several years has shifted !!

Here's why: Over the next few weeks the inventory of property for sale will increase, and sellers will need to be more flexible in their pricing and consideration of offers.

One of the key factors that govern housing activity at the Jersey Shore - the coming of age and maturity of the Baby Boomers, finding themselves with disposable income and inheritances, and armed with todays technologies allowing them to virtually “shop at home” for shore property.

Affordable mortgage rates have played a key role in the rebound, and could stimulate an even more vigorous consumer response in the coming several weeks. Thirty year fixed-rate mortgages in the 7.00 percent range are available from area lending institutions.

The point here : The inevitable result will be more purchasers out in the market this fall, hoping to purchase the new or resale house they have been putting off in the past. Price adjustments are making this a Second Opportunity for many buyers who put off their purchasing decision the past few years. So, if you've been waiting for the right time to look for the home of your dreams - the Time is Now!

James I. (Jim) Marshall, CRS, GRI, e-PRO
“Delivering Waves of Memories Since 1977”
NJAR Circle of Excellence '92 - '06
1 – 888 – 602 - 3243 RAPID RESPONSE LINE
1-800-345-7865 FRONT DESK
E-Mail jim@jimocnj.com

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