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Before you make a written offer to buy a rehab property, learn what real estate repairs cost (labor and materials), be conservative with your estimates and make a detailed list that you can show to potential lenders, investors and joint venture partners.
The median sales price for a home in NJ reached $510,000 by the end of 2024, up nearly 10% from the year before.
Before you buy a property, check with the local building department to make sure there are no outstanding or open permits on the property.
The number of homes being offered for sale in NJ increased by 24% since January although it remains low by historical standards.
Know when to walk away in a negotiation to purchase a property. When you walk away, a lot of times the other party will come back to you later on--and if and when they do, you’ll have an even stronger negotiating position to work from.
Recent revisions to the 2020 Census revealed that the population in the Northeast grew much more in the past decade than previous estimates had indicated--a potential boon for multi-family investors.
