Real Estate Insider - by Dustin Peters
Do’s & Don’ts of Real Estate
for the New Year...
December 2006
It wasn’t the best real estate year in
South Jersey...but it wasn’t the
worst either. The boom is over, but
“the bust” never arrived as predicted.
Somewhat like vintage years for
wine...2006 was not a good year for
real estate. But in spite of all of this,
properties were listed and many were
sold. So what lies ahead for South
Jersey Real Estate? We’re still in 2006
so I won’t venture any predictions right
now. But I would like to share with
you some do’s & don’ts for the New
Year.
• Do “Buy Now”...that’s the
ongoing major ad campaign by the
National Association of Realtors …
What does it mean?...They suggest this
just may be the very best time to list or
buy a property.
• Don’t eat too much over the
holidays and the New Year...the average
American now consumes about 2,700
calories a day...Exercise as well.
• Do make a list of why you
might want to buy that South Jersey
property “right now”...What is your
prediction of that price in 5 years, how
about 10 years.
• Don’t forget to check out
recent “sold” property prices that compare
with what you are looking for…
That same agent trying to sell the property
to you has all of this information ...
Ask for it.
• Do plan to be looking for
property during the last month of 2006
and the first two months of 2007...
Eliminate your competition...while they
remain in their warm house, you will be
making contract offers without anyone
else trying for the same property.
• Don’t forget to write out your
“New Year’s Resolutions” before
January 1st...although we break most of
them early in the New Year, make the
effort again...you just might stick to a
couple of them.
• Do phone your personal real
estate agent in December...it is often a
slow month...he or she will be really
happy to answer questions and encourage
you...get motivated.
• Don’t forget that first “Do”...
that one was “Buy Now”...Why?... Because you’ll be
thanking me for your very good fortune
every December until you sell
that South Jersey property and make
all that market appreciation.
That’s about it for 2006...as
said before; it was an interesting year
in real estate. But they all are.
Inside Real Estate predicts an
improved year for the resort markets
across South Jersey in 2007. We see
the types of ongoing efforts and
improvements throughout the South
Jersey area in road and bridge construction,
in health care, in commercial
ventures in Atlantic City and
beyond, and the growth in interest in
this regional area for further building
and development to be the start of
what will surely be “more of the
same.” All of this bodes well for
real estate in general, and South
Jersey real estate in particular.
We wish all of our readers
of Inside Real Estate and The
South Jersey Insider Magazine the
very best in their personal, professional,
and “real estate” endeavors in
the coming year, 2007. Have
the happiest of holidays and the
best in 2007.
Dustin A. Peters is an Agent
with French Real Estate, Inc. – Ocean
City, NJ. He invites readers of this column to submit comments and questions
to him at Dustin@BeachNotes.net.