Life And Living At The Jersey Shore Episode 19, May 18, 2011


Welcome to Episode 19 of Life And Living At The Jersey Shore. May 18, 2011

It is filled with Real estate tips, trends, statistics, fun things to do in southern ocean county. The web cast is funny, informative with lots of Tom’s wisecracks.

Each week we try to bring you fun, informative and interesting tidbits about the best kept secret at the Jersey Shore... Southern Ocean County

Here are this week’s market stats:
In this week’s sales statistics we’re going to cover all of Southern Ocean County. There are currently 3405 active listings and in the last year 1521 units have sold. Again 50/50 seems like a pattern.

Fun stuff in Southern Ocean:
The Stafford Fire Department is having their annual Flea Market this Saturday May 21st. It usually a really big event and you never know what you’re going to find. The Fire Department and Flea market are located on Stafford Ave just two blocks in from Route 9 in downtown Manahawkin.

Our real estate glossary: Lease option vs Lease Purchase:
In a lease option you enter a contract to lease a property for a period of time. Sometime in that period you have the option to either buy the property, continue renting or leave.
In a lease purchase- you enter a contract to lease the property for a period of time and then agree to purchase the property at a specific price (sometimes the price can be designated to be determined by appraisal at the time of sale). In either case the agreement to purchase the property is not optional.

Happy Home Owners of the month:
Just a few more families we’ve had the pleasure of helping find the home of their dreams. Happy Home Anniversaries:

• Eddie & Heather– 5/5/08 Forked River

• Mike & Beverly – 5/5/00 Little Egg Harbor

• Drs. Shikhar & Poonam – 5/7/04 Manahawkin

• Corrine – 5/6/02 Tuckerton

• Nick & Jane – 5/9/01 Manahawkin

• Michael & Marge – 5/14/99 Cedar Run

• Bill & Linda – 5/15/01 Little Egg Harbor

• Maureen & Anthony – 5/15/01 Little Egg Harbor

• Patrick & Stacey – 5/16/01 Eagleswood – West Creek

• Barbara – 5/21/04 Barnegat

• Katie & Don – 5/28/09 Forked River NJ

My 2 Cents:
If you don’t get the irony in this book title, you should buy the book: an
“Idiots’ Guide to Low Self Esteem”

Home of the week:
This weeks’ featured home is 47 Tiller Dr., Barnegat NJ . It’s listed at only $159,900 and this one definitely comes under the heading “Why Rent When You Can Own?” This 3 bedroom 1 bath ranch is perfect for the first time home buyer or the downsizer! Freshly painted, new carpets, the bath has been completely, the eat in kitchen overlooks a deck, a big yard and oversized detached garage, There’s a fireplace in the living room which has just been painted and new carpets are installed!
Here’s why this is a “why rent when you can buy” house. It qualifies for a USDA NO MONEY DOWN mortgage. Based on the asking price of $159,900.00 the total monthly payment for this property (including principal, interest, taxes and insurance) would be ONLY $1,286.34! You could never rent this house for that kind of money! Unbelievable!
Here’s the fine print….For qualified buyers. Based on 5% interest rate - 30 year fixed rate 0 points. Interest rates subject to change. Ready to move right in! Call today to see this home.

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Brought to you by The Tom Smith Realty Group, Thomas J Smith and Amanda Nichols. For more information call/text 609 709-1429 visit: www.Sellertom.com Tom@sellertom.com