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Living the Jersey Shore Dream

• - Ocean City, NJ - An Overview

Ocean City, N.J. - The Southern Shore ... Eight miles of sandy beaches, 2 1/2 miles of Family oriented Boardwalk with places to play, shop and eat ... Cultural and Entertaining historic Music Pier ... A Clean, Safe Environment for Vacationing or Year Around Pleasure ...

Each season Thousands of guests and visitors enjoy their vacation in Ocean City, N.J.   [ more .... ]

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• Jan. 9, 2009 - 2009 Real Estate Outlook

ocean city nj beachWhen the final statistics for 2008 sales in Ocean City, New Jersey roll in I suspect that we’ll see a final tally similar to 2007 – which is much better than similar reports we’re hearing from across the country.

 Today’s interest rate quotes are coming in at UNDER 5 % for a 30 year fixed rate – good news for qualified purchasers ! And there’s still a healthy inventory of homes and condominiums to choose from. [ more ]
 
CLICK TO PRINT THIS MONTH'S BEST VALUES FLYER FOR OCEAN CITY, NJ
includes singles, duplexes and condos in a variety of locations

James I. (Jim) Marshall, CRS, GRI, e-PRO
1 - 888 - 602 - 3243 24 Hrs Daily

Prudential Fox & Roach Realtors
Ocean City, NJ

 

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• Nov. 17, 2008 - 'tis the Season ...

 

'tis the season 

Yes Virginia, there IS real estate sold in Ocean City, New Jersey in November and December .... 

Smart, qualified and motivated Buyers and Sellers haven't closed shop for the holidays. In fact, January and February are even good months to buy and sell.

The internet has changed buying habits - AND selling strategies. With Real Estate websites open 24-7 buyers can shop for a home at the shore as easily as they can a tie or a Phillies World championship shirt. [ more .... ] 

 CLICK TO PRINT THIS MONTH'S BEST VALUES FLYER FOR OCEAN CITY, NJ
includes singles, duplexes and condos in a variety of locations

James I. (Jim) Marshall, CRS, GRI, e-PRO
1 - 888 - 602 - 3243 24 Hrs Daily

Prudential Fox & Roach Realtors
Ocean City, NJ

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• - A Gift They'll Remember

It's time for me to share a gift idea with you ... great as a closing gift, anniversary gift or just plain gift ...

Several years ago I bought a closing gift for a customer after I'd seen it at a booth at the REALTOR's convention in Atlantic City.It was called a "Sundance Replica" and was an "ornament", hand crafted and hand painted, made from a photograph of a property.

[   more  ]

Jim Marshall - Prudential Fox & Roach AND Sundance Replicas

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• - Ocean City REO's and Pre-Foreclosures

There’s no doubt that the real estate environment is dramatically different today than it was just a few years ago.
 
At the Jersey shore the days of 15-20 % annual appreciation are just a memory – and we await the return of the “normal” 7 % average ten year appreciation rate that we experienced during the 1970’s, 1980’s and 1990’s.
 
Over the past few years many shore buyers used no-interest and low-rate loans to help them qualify for mortgages and join in the real estate boom. When property values began to drop many of these “investors” began feeling the crunch of rising adjustable rates and are now faced with tightening the purse strings to make ends meet.
 
The result : foreclosures – Right ?? Well, maybe ….
 
Although the list of pre-foreclosures has grown from what we’ve been used to, we really haven’t been flooded with desperate sellers ready to unload at a discount before the banks take over.
 
The myth that the best deals are Bank Owned Real Estate or Distressed Pre-foreclosure Sellers is only partly true.
 
Some of the Best Deals being made today include astute sellers with equity that they’ve built over a ten year period (or longer).
 
My Advice : Don’t disregard the properties listed on the Multiple Listing Services – there are still a few Diamonds in today’s inventory. Find a Realtor that’ll tell you about ALL of the inventory, and don’t hesitate to Make An Offer if you see something you like ….
 
- Jim Marshall
 
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• Jan. 18, 2008 - Ocean City NJ - Worth Another Look

There IS good news to report regarding Ocean City, NJ real estate ! According to the South Jersey Shore Regional Multiple Listing Service sales volume in Ocean City has improved over the past 12 months - with some obvious trends developing.

Although the average sales price dropped, and days on the market increased, for MOST properties the overall forecast seems MUCH better than it did just a year ago.

As you might expect, homes and condominiums priced in a more affordable price range ( $250,000 to $700,000) have been selling - while property priced at $700,000 and up are still experiencing the pains of higher supply and lower demand - meaning some price adjustments and property conditions are still necessary.

For Buyers this indicates that you shouldn't be too surprised if you find competition ( and  multiple bid situations ) on the BEST PRICED properties -

My Advice - If your'e looking to buy a shore property while rates are attractive get PreApproved and be prepared to move fast - If you're looking to sell, invest in a Home Inspection TODAY and take care of any concerns so your property will sell with confidence !

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• - Civil War Weekend - Cold Spring Village

September 15 & 16   10 am - 4:30 pm

Civil War Weekend - Historic Cold Spring Village, 720 Route 9 South, Cape May, NJ. Military encampment hosted by Company E, 17th VA Volunteers & 5th Regiment, NJ Volunteers. Battle reenactments both days at 2 P.M. demostrations of infantry drill, weapons, artillery fire, role of combat engineers. memorial service at "Old Brick" church Sunday 9 AM. Public Welcome. vendors of reproduction merchandise.    www.hscv.org

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• - December Train Show

Ocean City Train Show

December 1 and 2, 2007 - Model train displays and vendors on the Music Pier in Ocean City. Boardwalk & Moorlyn Terrace, 10am - 5pm. Saturday and 11am - 4pm Sunday. Admission is $3 for adults and $1 for children. For more information call 609-525-9300. To JOIN the South Jersey Garden Railroad Club visit http://www.trainweb.org/sjgrs/

 

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Sharing Memories of Life at the Jersey Shore (and beyond) ... as presented by James I. (Jim) Marshall, CRS, GRI, Prudential Fox & Roach Realtors, Ocean City, NJ

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