Category Archives: Shore Market

Soleil Sotheby’s International Realty Discusses Popular New Jersey Beach Towns

For many American families, the annual trip to the beach is not only a time to sit back and relax but a time to bond with loved ones and create long-lasting family memories. Although the 2021 summer is drawing to an end, many American families are already planning next years’ beach vacation and deciding which town they would like to explore. Soleil Sotheby’s International Realty, one of New Jersey’s leading real estate companies, has many years of experience helping families find their perfect beach house and possesses an in-depth understanding of New Jersey’s many beach towns. Below, Soleil Sotheby’s International Realtywill share some of New Jersey’s most popular beach towns and their unique attractions. 

Margate, NJ

Margate is a charming New Jersey beach town located in Atlantic country, home to roughly 6,000 residents. While Margate is home to a small, tight-knit community, during the summer months, the town is visited by a large number of tourists and vacationing families. Within Margate lies pristine beaches, aqua parks, boardwalks, and a number of popular restaurants. Margate is the perfect town for both young families looking to settle down in a welcoming community as well as retirees looking to be within walking distance of the beach.

Local attractions: 

– Lucy the Elephant, a six-story elephant-shaped building constructed using wood and tin sheeting in 1881 by Margate City local James V. Lafferty. 

– Island Aqua Park, a floating water park near Margate’s boardwalk, is perfect for children of tall ages. 

– Steve and Cookies By the Bay, an acclaimed American restaurant, is known for its upscale dishes, live jazz music, and raw bar.

Longport, NJ

Located between Atlantic City and Ocean City, NJ, lies Longport, a quiet beach town home to roughly 1,000 full-time residents. Thanks to its optimal location, Longport is visited by thousands of beach-goers each year looking to enjoy the nearby boardwalks, beaches, and marina shops. Longport is well known for its classic beach block-style homes, wildlife parks, and “walkability,” making it the perfect location for any family’s summer beach house. 

Local attractions: 

– Catch Restaurant, a local seafood restaurant that serves fresh fish caught daily. 

– Annual Jim Whelan Open Water Festival and Island Marathon Swim. 

– Go deep-sea fishing with Moover Fishing Adventures

Brigantine, NJ 

Founded in 1890, Brigantine, often referred to as “the island,” is one of New Jersey’s largest beachfront cities. Home to nearly 10,000 New Jerseyians, Brigantine is well known for its picturesque beaches, popular golf courses, and fine dining. Previously voted one of the best places to live by New Jersey Monthly, Brigantine is a popular location for many East Coast families’ summer vacations. 

Local attractions: 

– Brigantine Farmers Market, a popular destination for locals and tourists alike. 

– Brigantine Historical Museum, discover Brigantine’s fascinating history at this small local museum. 

Lines at Brigantine Beach, one of Brigantine’s most popular golf courses. 

Soleil Sotheby’s International Realty Discusses Commonly Overlooked Negative Aspects of a Home

Although price, size, and location are important factors to consider when purchasing a home, they are not the only factors that go into a house’s “livability.” Soleil Sotheby’s International Realty recognizes that buying a home may feel like a never-ending list of things to consider; however, to avoid buyers’ regret, it’s crucial to consider commonly overlooked factors during your home search. 

Neighborhood Noise 

Can you hear cars on the street? Your potential neighbors? Have you heard planes in the last ten minutes? When touring a home, viewers can be so preoccupied with all the amenities that they forget to check for outdoor noise. Although you may not notice that the house is under a flight path during your tour, it will significantly impact your daily life and your home’s potential resale value. 

Ongoing Expenses that Quickly Add Up

Going over budget when purchasing a home is quite common, as extra expenses can quickly add up. To avoid becoming house poor, homeowners should be aware of short- and long-term costs that often tie into a home’s amenities. A home with a pool may seem like a dream come true; however, this will usually include year-round pool maintenance, a massive backyard may cost a thousand dollars in lawn care, and a vacation home expensive hurricane insurance. Always consider what extra amenities may cost and create a rough estimate to ensure you and your family do not go over budget. 

Not Having Adequate Storage

Although no basement may not seem like a dealbreaker, storage is often one of the most crucial elements to a well-organized and de-cluttered home. Families without proper storage may face difficulties storing seasonal items such as decorations and coats, outdoor equipment, AC units, and other items. While you may be willing today to purchase a $200 a month storage locker 10 miles away, it may prove to be a challenge in the future. Before buying a house, consider the minimum amount of storage you need and search for homes that can accommodate. 

Potential Resale Value 

When purchasing their first home, first-time homeowners will often overlook their home’s resale value. When working with a tight budget, couples are often less concerned that their home has one bathroom, a busy street, or poor curb appeal. These couples often make the mistake of assuming that because they did not mind these factors, future buyers also will not. This can be a costly mistake and may leave homeowners struggling to find a buyer when they later try to sell their home. 

2018 Market Report

market report cover

In our ongoing effort to become an invaluable resource to our clients and neighbors, Soleil Sotheby’s International Realty is committed to making sure you have all the information you need to make the best decision.

The 2018 Market Report is a detailed snapshot of the real estate markets of Longport, Margate, Ventnor, Atlantic City, and Brigantine, comparing single-family home and condominium statistics as well as the year to year change. The report also highlights our recent significant sales, a few of our extraordinary listings, as well as a glimpse of Sotheby’s Auction House.

To read the full report, click here.

 

Seize Winter 2017 to Buy the Jersey Shore Home of Your Dreams for Summer 2018

jersey shore real estate

The weather is getting colder and colder by the minute. As we begin to begrudgingly break out the boots and jackets, it may seem as if summer is just a distant memory. Gone are the sunny days with our toes in the sand. However, it wasn’t that long ago that we were enjoying family cookouts, pool parties, and weeklong trips to the beach. Summer 2017 may be behind us, but now is the perfect time to start thinking about Summer 2018.

If you’re like many residents who live within the coastal states, like New Jersey, spending your summer days by the shore is a given. For many, the Jersey Shore is a happy place that invites warm, festive memories of good times with family and friends. If you could, you would spend every waking moment in that happy place by the shore, but alas, it may seem impossible. Or is it? If you purchase a slice of your own Jersey Shore happiness, living in your happy place whenever you want is indeed possible.

While many people opt to stay in hotels or rent vacation homes, deciding to buy a piece of Jersey Shore real estate may be a better overall investment. Whether you’re looking for beachfront property or a cute cape cod tucked a few blocks away, owning a vacation home comes with its fair share of benefits.

One of the more obvious benefits of opting to buy a rental home is the opportunity to make rental income. Many homeowners shy away from buying a second home for fear of not having anyone to maintain the second property consistently. However, it’s easier now than ever to find a renter who would love to use your piece of Jersey Shore real estate when you’re not using it. Of course, you’re going to use your vacation home for your own personal enjoyment when you want. However, depending on how often you use the property for your own personal use, many of the expenses for renting a home out to others are tax deductible.

Another benefit of choosing to buy a second home is the familiarity that comes with using the same property when you travel to that location. Charming Jersey Shore towns, like Margate, for instance, are so tight-knit; it’s hard to find rental properties, yet easy to spot tourists (affectionately called shoobies) at the shore. Instead of renting a new property every time you visit the same location, buy your piece of Jersey Shore real estate in your desired shore town. This allows you to truly make the place your own, learn the lay of the land, and make long-term friendships that knit you into the social fabric of the community.

Aside from the benefits of buying a second home, there are a few questions that you should ask yourself before making that leap:

  • What is my desired location?
  • How much house can I afford in a second property?
  • What are my expectations for this home? Will this be a rental property or strictly for personal use?
  • How easily accessible is the home in case of on-site emergencies?
  • What are the tax ramifications, changes, or opportunities for buying a second home?

All of these questions and more play a major role in determining the timing and success of buying your own piece of Jersey Shore real estate. Even though Summer 2017 has passed us by, it’s not too soon to prepare for Summer 2018. For help with finding the right Jersey Shore home, be sure to contact Soleil Sothebys International Realty by visiting their site: http://www.soleilsir.com/eng