Unique location on Barnegat Lane in Mantoloking, New Jersey is where you will find this very private Nantucket style Bay Front home. This property offers 100 ft. on the bay. It has 9 ft. + ceilings on the first floor, 5 + bedrooms with several balconies, 3 baths, 3 car attached garage with large storage above. Beautiful appointed home with wraparound porches, Crestron integration smart house / sound system inside and out, custom signature pool lined with mosaic tile and beautiful gardens. There is extensive dockage with 2 boat lifts and 2 Jet Ski lifts. The outside amenities create a resort-like compound with beautiful panoramic views from every angle. Simply an extraordinary residence that has the best of both worlds, the bay & ocean just steps…
Common Millennial Myths
There are a variety of myths about millennials and home buying that have unfortunately weaved themselves into common knowledge as 'fact'. Among others, they include:
- Millennials don't want to buy houses
- Millennials need lots of space
- Millennials are different from previous generations
- Millennials don't hire real estate agents
- Millennials don't have any moneyWhen it comes to the economy and generational finance and spending habits, no generation has drawn quite the level of ire as Millennials. From mayonnaise to avocado toast, to diamonds, and more, Millennials are accused of killing industries, being bad with their money, being picky, and having little loyalty to their jobs. But how much of the talk
A surprising number of Americans do not know their own credit scores, despite the power these numbers have. In a recent survey on a financial literacy site, almost 30% of respondents admitted that they didn't know their credit scores. The issue was most prevalent among those under 30 and those making less than $30,000 a year. While personal finance and credit can be intimidating, understanding this area can make all the difference in the dream of owning a home. Learning a bit more about where credit scores come from and how consumers can enhance theirs is a great place to start.
Common Scoring Methods
Moving is an exciting time during a homeowner’s life, but whether moving to their first oceanfront home or their fiftieth property, one thing that doesn’t change is how much work it requires to get everything in order. Staying on track while packing can be difficult when homeowners are also trying to juggle selling their home, and keeping a schedule can be a big help when it comes to making sure everything is running smoothly. When preparing to move into a newly purchased home, keep this calendar in mind, and it can help give homeowners what they need to be ready for moving day.
6-8 Weeks Before
At the beginning of the moving process, homeowners should begin with packing the low-traffic rooms in their home such as closets and guest bedrooms.…
Every homeowner fears foundation trouble, and the same goes for home buyers. Foundation trouble can be expensive to repair and a hazard if left unchecked. If you've recently made an offer on a luxury or waterfront house only to have the home inspection reveal problems, it's important to know the details of foundation repair, and what can be done during the selling process to fix the problem.
How Serious Are Foundation Problems?
A bad foundation is a very serious problem for a home to have. A bad foundation can negatively affect a home's overall value. Without a good foundation, making repairs or remodeling the home may be very difficult. If the problem is serious enough and if it goes on for long enough, the home could even face collapse. The…
Homeowners insurance offers important protection for homeowners. When certain types of disasters cause damage to a house or when someone is injured on the property, insurance can protect homeowners from crippling financial liability. Once a home buyer makes an offer on a property, many buyers start the search for the right homeowners insurance policy. Knowing the purpose of homeowners insurance and the best ways to save money on insurance can help home buyers to choose the right policy.
Are Homeowners Required to Have Homeowners Insurance?
Homeowners are not legally required to have homeowners insurance, however, it is often a prerequisite or the home mortgage process. Mortgage lenders will require home buyers to get insurance before they…
Buying a house that has not been built yet is not the same as buying existing construction. These five questions help buyers understand what they will need to know as they shop for new luxury or waterfront homes for sale. What Is the builder's experience?
Builders can range from the smallest contractor just getting started to a multi-national building conglomerate with thousands of employees and decades of experience. Before buyers get too invested into the process, they want to find out more information concerning the builder's experience and general track record. They can do this with a simple online search, and perhaps taking a look at previous work completed by the builder. Experience and a string of successful projects show buyers that the…
Buying a vacation home is very different from buying a primary residence. A homeowner who has bought a primary residence and is now thinking about buying a vacation property may be startled by the many differences between these two purchases. Knowing the differences can help a person decide whether or not buying a vacation home, that's waterfront real estate or otherwise, is right for them.
Vacation Home Mortgage Requirements
Lenders have different standards for people buying a vacation home versus people buying a primary residence. These stricter requirements can make buying a vacation home more difficult for the average person.
For example, a buyer is required to put down a much larger down payment on a vacation home than a private…
If you're a home buyer making an offer on the waterfront home of your dreams, you might spend a lot of time thinking about home buying contingencies. Understanding what contingencies are and how they can benefit you is important. Once you know how contingencies work, you'll be able to make choices that can make your home purchase successful.
What Are Home Buying Contingencies?
Home buying contingencies are clauses in a home purchase contract that enable the home buyer to drop out of the purchase if certain conditions are not met. There are three major home buying contingencies that are used in home purchase contracts.
What Are the Different Kinds of Contingencies?
Perhaps the most commonly utilized contingencies are the home appraisal…
Lenders ideally want to see a 20% down payment from all of their applicants. This gives a new oceanfront homeowner a large share of equity in the home from the moment they move in, which makes them that much less likely to default on the rest of the payments. While 20% may have been reasonable for certain areas in certain time periods, the inflation in many cities today has been high enough that fewer and fewer people can come up with that kind of cash on the spot. Private Mortgage Insurance (PMI) was the solution for these buyers to mitigate the risk a lender takes. See what the rules are before you start shopping around for lenders.
Standard Terms of PMI
PMI is a way to avoid raising interest rates for all potential homeowners. It passes…