A Hopeful Sign For NJ Renters & Home Buyers, REO Property Dangers To Consider, Downtown Apartment Demand Recent Moves

A Hopeful Sign For NJ Renters & Home Buyers

Real Estate Tip:

Be careful when you make offers to purchase bank-owned property, also known as REOs because there is no previous owner compelled to disclose problems like a leaky roof or oil tank. You must do your own homework which includes a property inspection--the bank will only give you clear title to the property.

Real Estate Insight:

Demand for downtown apartment properties has fully rebounded as investors are rushing in to buy in the biggest U.S. cities.

The Biggest Challenge For Tiny Home Buyers, Property Management Musts, Bidding War Home Price Range Change

The Biggest Challenge For Tiny Home Buyers

Real Estate Tip:

If you choose to hire a property management company to manage your real estate, make sure you require the individual or company to sign a written agreement that spells out roles, responsibilities & payment terms.

Real Estate Insight:

Homes priced between $800,000 and $1 million saw the highest rate of bidding wars in December.

How Lumber Prices Are Affecting Home Affordability & Prices, Surefire Way To Estimate Property Utility Costs, NJ Home Prices Continue To Soar

How Lumber Prices Are Affecting Home Affordability & Prices

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info. This will help you more accurately predict your operating expenses.

Real Estate Insight:

Home prices soared for a second straight year in NJ during 2021. After climbing 12% in 2020, they gained about another 15% in 2021.