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:
"When we made the decision we were ready to buy in Sea Isle, Susan was recommended to us by our good friends who used Susan for two purchases they had made and also several purchases and sales their family members had made. Susan is extremely pleasant to work with and she really knows and understands the Sea Isle market which was very helpful to us. She was very patient with us as we looked at a lot of properties over a year and a half process. She was very good at pointing out pros and cons of properties through the process and answering our questions and following up. She is very professional and was very good at getting back to us in short amount of time. Susan has been in the Sea Isle market for a long time as it showed with knowledge of what was going on previously and currently with the housing market and also her relationships with builders and mortgage folks that all was very helpful as we bought our dream shore house. I would recommend Susan to anyone looking to buy, sell or rent in Sea Isle."
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