If you’ve been thinking about buying houses in Oradell, NJ, real estate agents will tell you to get moving—now is the time! Loan rates are still on the low end, and homes are moving fast, so it’s time for you to start looking for the perfect house. Here are some tips to find a great house to buy in New Jersey.
Decide What Kind of Homes You’re Interested In
Ready to find a new home? Your first step is to start considering what kind of home you are interested in. Do you want a small starter home or retirement unit? Do you want a home with plenty of room to grow a family? Is it important to have lots of land, or to be in a populated area? Getting a general idea of the houses you would like to buy is your first step.
Choose Your “Dealbreakers”
Once you’ve narrowed your real estate search down a bit, it’s time to define some dealbreakers. These are the things that would absolutely turn you away from a house. For some, it’s stairs—people with mobility limitations may have special considerations. Others may want homes in a certain school district or close to walkable shopping. If you have horses or other large pets, you need space for them as well. Make a list of your “must haves” and “dealbreakers” and share these with your real estate agent in Oradell for a great match.
If you want a diverse property portfolio, you usually include some commercial real estate. Appraisers near you have news about this recently volatile market—values are going back up! Keep reading to find out how to buy commercial real estate, and to decide if now is the right time to do so.
Commercial Real Estate Investment
When you invest in commercial real estate, you are becoming the owner of commercial properties, such as retail stores, office buildings, warehouses, entertainment facilities, storage areas, and so much more. Unlike landlords, who have tenants who live in their property, your commercial real estate tenants will come to your property to do their business. Many people invest in commercial real estate in New Jersey, because it can be a great way to make a profit. While you own the property, you can rent it out to other business owners, and when you’re done, you can sell it all! In the past, commercial real estate loan requirements were often different from residential real estate loan requirements, and continue to have their differences today. During the COVID-19 pandemic, the value of commercial real estate tanked as many people began working from home, or staying safer at home.
Current Commercial Real Estate Field
If you want to invest in commercial real estate, now is a great time! Values of commercial real estate are slowly increasing as the nation reopens, and many businesses and organizations are seeking larger spaces to promote health and safety. Even better, now is one of the best times to get a commercial real estate loan, with loan rates at their lowest ever. Buying commercial real estate is a lot like buying a home, but with many more restrictions. Fortunately, a commercial estate agent in Bergen County can help you find the perfect property and the best loan rates.
Ready to start investing toward your future? Find a commercial estate agent near you when you contact Sheldon Neal, otherwise known as That British Agent, for assistance.
Hopefully, you have an idea of your purchase budget before you start searching for homes. Are you looking for a starter home or small retirement home, or a mansion that is big enough for the extended family? Is a backyard swimming pool a must, or are you living with a disability that would keep you from using stairs? No matter what your unique needs are, your real estate agent in New Jersey will help you find homes that fit your budget and specifications, speeding up your home search process.
Many people think they can find homes and property for sale in NJ on their own, and they aren’t completely wrong. Public listings are easy to access, and many new home-searching apps make it even easier. But your real estate agent is likely to have access to unlisted properties, private sales, and so much more—and asking for help from a great realtor is an easy step anyone can take!
Financing Your Purchase
Just like searching public listings, you can certainly find your own bank to help with mortgages or other loans. But if you don’t have a great lender in your pocket, why not take a referral from your real estate agent? Unlike buyers, who usually only buy a new home a few times in their life, real estate agents buy and sell homes all day, so we know the best deals and the most reliable lenders. Your real estate agent is the perfect resource for the best rates!
Next time you’re looking for a great real estate agent in New Jersey, start with the best and call the expert team with That British Agent! Sheldon Neal and his team of realtors in Aberdeen have helped connect hundreds of homeowners with the perfect property for them, and are waiting to help you buy the best house near you!