NOW IS A
GREAT TIME
TO BUY IN
OCEAN
COUNTY
We hope you’ll like it here so much that you’ll
want to stay and become a neighbor!
There are several reasons why now is a good time
to buy, according to the Monmouth Ocean Regional
REALTORS®:
Interest Rates Are Still Low—For Now
Interest rates are still low but many economists believe
that we will be seeing those rates rise in the future. As
interest rates increase, so do monthly payments.
Housing Affordability
It is possible to find a good deal on a home you
may not otherwise see in a different economy. If
you have considered selling your current home to
get the home you’ve always wanted, don’t hesitate.
There is a shortage of homes for sale and buyers
are in the market. With tight inventory conditions and
sometimes inaccurate online listings, buyers should
turn to a REALTOR® for expert advice and assistance
in navigating today’s fast moving housing market.
“REALTORS® have turbocharged searching power
and can even find properties that are not necessarily
listed for sale,” said Kenneth “Kip” Walker, President
of the Monmouth Ocean Regional REALTORS®.
“Sometimes properties are available but not actively
advertised. A REALTOR® can help you find those
hidden gems.”
Rent vs. Own
When people look at what they’re paying for rent
and compare that expense with what it costs to
own a home after taxes, ownership can become
66 www.sparkexploreocean.com
very attractive. A homeowner can typically write off
mortgage interest and property taxes, deductions that
are unavailable to tenants. Buying a home also locks
in your monthly payment and stabilizes your finances
with a fixed-rate mortgage.
“The Monmouth Ocean Regional REALTORS®
website, www.MORR.realtor, is a great resource that
lists properties, property details, open houses as well
as REALTORS® to help you find the right home, in the
right area, for the right price,” said Kip Walker. “Buying
or selling a home in today’s market involves many
decisions, and choosing a REALTOR® to properly
and effectively protect your interests is one of the best
decisions you can make.”
The Monmouth Ocean Regional REALTORS®
(MORR) is a trade association currently serving over
8,000 REALTORS® and REALTOR® Associates
and more than 10,000 Monmouth Ocean Regional
Multiple Listing Service (MORMLS) users. The
Monmouth Ocean Regional Multiple Listing Service
is a division of MORR and works as a clearinghouse
through which more than 1,000 local real estate firms
exchange information on properties they have listed
for sale. Together, MOR members participate in over
40,000 real estate transactions every year. For more
information, visit www.MORR.realtor
