We hope that this message finds you healthy and well. With the exception of stopping into the office from time to time we are still quarantined and working from home.
In the last couple of weeks we have been receiving numerous emails and phone calls asking for our thoughts concerning the Real Estate Market down the shore. First and foremost, we are taking a wait and see approach like everyone else HOWEVER, there are some big differences when you compare this with the 2007 housing crisis. The first major difference is that the people that have purchased homes down the shore in the last 10 years have taken advantage of the low interest rates and the much stricter guidelines when applying for a mortgage making the homes much more affordable to people despite the stock market volatility whereas a lot of the people that purchased leading up to 2007 were over leveraged with mortgages that most couldn’t afford.
Looking forward, it is our belief that once this pandemic has been contained the pent-up buying demand is going to be extremely strong creating a rapid recovery of the market.
In the meantime, please stay safe and healthy. Give us a call or send us an email if there is anything that we can do for you. This will pass and we will be back in Sea Isle enjoying the beautiful weather in no time.
If your property is currently listed with another broker, please consider this informational and not a solicitation
Clients Say:
"This is a long overdue thank you from Melissa, Me, and the kids for the exceptional job you did in helping us with the purchase of our home. It was a pleasure to work with someone that listened to what we wanted and not what they thought we should have.
We especially appreciate the expertise and hard work you did for us in: negotiating the contract, finding us an excellent lender, handling the insurances, securing and being present for all inspections, and doing all the errands for us while we live out of state. You have always portrayed the perfect balance of understanding, patience, and professionalism. You have been a pleasure to work with on a personal level as well, besides us having a newborn during this process; you reassured us and comforted us through the stressful task of closing on a house from afar.
I look forward to working with you again in the future."
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