Let's prepare for the next downcycle

Experience 3 poor real estate cycles in my career and like everyone
else we never prepare for the next bad one. Well, here we are probably
the worst one ever. However, its the one with the best opportunity.
Personally, in the market for rental properties that I can pick up
cheap.
With 4-5rental properties producing a conservative $200-250 per month I
know when the next bad market comes I can at least fee my family and
not worry about
making ends meat.I AM DOING IT THIS TIME FOR GOOD. I CAN'T LIVE IN FEAR
ANYMORE.If you don't purchase any rental properties I just hope people find some safe investment because we will recover from this, but it will happen again.

Research is Critical for Homebuyers Making Bids

Deciding on the right amount to bid for a home can be one of the most difficult parts of the buying process. That is because, although home prices have fallen, some properties might still be overpriced. Many home buyers rely on their real estate agents to reasure them that they are not paying too much, but the homebuyer should take an active role in researching the market and recent closed sales. It can be instructive to compare the asking price of a home with those of other properties on the market or properties that have recently sold. I recommend looking at sales from the past 6 to 12 months, yet with the market downturn, the timeframe narrows this window to 2 to 4 months.

A better option for properties that are difficult to compare with other homes on the market might be to hire a state certified Residential Appraiser to estimate the property's value based upon factual data. If the appraisal supports a lower value, it can give you great ammunition to share with the seller and his/her agent.

SHOW AND SELL -- PART 2

Realtors, builders, and developers have been shouting the message "now is the time to buy," and more people are starting to listen and understand. There are just pure bargains! I started tracking showings a few months ago and know in the month of March they are way up.

The ReMax of the Wildwoods office has had close to five hundred showings this month alone. I am starting to see contracts hit! There are many people who are jumping back into the market before interest rates get any higher.

I am trying to read the "tea leaves" and I am encouraged at what I am seeing so far this month and do believe with the Easter season early this year, the trend will continue.

My clients are picking their places right now and some say they will come back this summer to buy. I have written two contracts this week and showings are definately up. My listings are also being shown on a daily basis.

SHOW AND SELL--Real Estate Agents report increases in property showings

In December, January and February, some of Cape May County's largest real estate companies saw their showings more than double from a year ago. Sales are expected to follow, and I say that the end of a two-year slump may be near.

Most of the lookers are interested in second homes and want to live here three to five months out of the year, mostly in the summer. My colleagues and I say lower prices, reduced interest rates and a larger inventory of homes are helping drive more showings and more sales. Of interest, are homes priced under $400,000.00 and over $1,000,000.00.

I think there are more choices and buyers understand that they need to act now if they want choices. Otherwise, they will get the leftovers. I had an Open House on Sunday and had four or five couples come through the property, it was not so long ago that I would host an Open House and have no one come to look.

Come to the Jersey Shore and let me give you a tour of your dream home........more to come on how many contracts are being written in Cape May County. Until next time..................Rick Spackman, ReMax of the Wildwoods

609 851 4072 cell
rick@rickspackman.com

Wildwood Real Estate - Summer Homes for Sale

Now is the time to start looking into finding your summer home.

With the way prices of homes are coming down it's a great time to start looking for that perfect place for your summer.

I have many homes and condos that are at their lowest prices ever and many are new constructions. Get on these early before it's to late these sale prices are a rare find.

New Construction - Beautiful Bay Front Property
New Construction - Great Wildwood Location Townhouse

New Construction - Condo Very Nice Located Near Wildwood center city

New Construction - Wildwood Condo Best Deal in Wildwood don't miss out on this one!

New Wildwood Real Estate Listings Homes and Price Changes

We have added some new photos from the new construction on
914 Wenonah Cape May

Also updates on some newly price changed and added homes.
341 E. Pine Wildwood
3707-09 Park Wildwood
161 E. Baker Wildwood
20 New Rd. Maurice River

Two New Homes Added One New Construction Other Great Location

Brand New Construction located in Cedarville in Lawrence Township. House is expandable to more rooms then being built. Nice quite location. Modular Cape Cod.

Click for more information
9999 Regal Avenue Lawrence Township

Villas 3 Bedroom home just steps away from the bay in a great location. Price to sell, with possible roof deck with magnificent views of the Delaware Bay.

Click for more information
241 Walnut Avenue Villas, NJ

Wildwood New Construction Detached Condo only $299,900

This is the cheapest you will find any detached condo in Wildwood or Cape May beach area.

This is a beautiful 4 bedroom 2.5 bathroom condo located only a couple blocks from the beach. It has it's own garage parking. It's like having your own separate home but with the benefits of a condo or townhouse.

On top of it all this is a NEW CONSTRUCTION

Please contact me ASAP on information about this property before it is gone.

To see more information click here

Nice Townbank Home Just Listed

This house is in a great location and fully furnished ready to move in. Just a couple blocks away from the beautiful Ponderlodge Golf Course, Cape May Ferry, and steps to the Delaware Bay this is a must see for not only the house but the area all together.
There is also a breath taking sunset view over the bay from the second floor deck.
To scheduele an appointment to see this property contact me ASAP.

To view more information about this property click here

Two New Water Front Homes in Wildwood

Two brand New Construction Properties listed in Wildwood both are in the similar other then the first floor is one property the second is another. Both must see with breath taking view and have boat slip with lift that can support up to a 30 foot boat. If you like the being on the less congested bay area of Wildwood this is the place for you.

Click link to view Properties
Upstairs Property
Downstairs Property