Everybody at the East Coast who has a high-income career in New York or Philadelphia seems to be aiming at a property in New Jersey. The number of people coming to this state to stay here for good is constantly rising, as well. But when you are a newcomer to a state, you have to know what to pay attention to when buying a house. So, let's take a look at some useful tricks on buying a home in New Jersey.
Why the Population Increase?
Since Big Apple and Philly are on the constant rise in terms of economy, they attract a higher number of workers than it was the case before. However, the real estate market in these two cities dictates pretty high prices. Contrary to that, the New Jersey area offers calm and family-friendly neighborhoods and facilities (like entertaining Atlantic City). The fact that the distance between Manhattan and Woodbridge Township is only 30 miles only contributes to the immigration trend in New Jersey.
Find a NJ-based Realtor
From a long-term experience in the NJ real estate market, I strongly recommend everybody to find a local realtor. Many people get driven by its size and bring real estate agents from New York. They might be more assertive and even aggressive in advocating their clients' wishes, but locals are more into the specifics of New Jersey. For example, this area often gets struck by hurricanes and a local realtor will know what areas have suffered more damage.
Make a Deal with the Bank
Buying a home is a long-lasting and strenuous effort. If you want to look credible and serious in the eyes of the seller, you have to be convincing. The first step to a plausible and attractive offer is getting an adequate mortgage pre-approval from your bank. The realtor on the other side and the seller will ask for some kinds of a proof that your intentions are genuine. Otherwise, they might perceive you as a con and you could waste a fine opportunity to acquire a home in New Jersey.
Check the Place
Once you have gathered the bank documentation (as well as any other necessary documents), you can go and see make a thorough inspection of the place. I have to remind you that this is still an early phase and that nothing has been signed yet. The price is still negotiable and you should observe the entire home meticulously. Check the loft and the electric installations. Also, have a good look at the basement and the water supply pipes. If you need any assistance, you can contact Monmouth County plumbers to help you with that part of the home inspection.
Renovate It before Moving In
If you like the place and reach an agreement with the owner, you are ready to sign the contract. Of course, never do anything without your realtor. We are a guarantee that everything has been done in accordance with the law, so that the both parties are satisfied with the deal.
Before you start moving in, invest a bit more and renovate everything that seems scruffy or useless. One day someone you will have to spend twice as much money if you don't do it when you buy your new home. Also, somebody will sell the place in the distant future, so you the present renovation will help them, too.
Moving to a new state or a new town is never an easy thing to do. New Jersey is not an exception. But if you listen to those tips of mine, you will find a cozy place for you and your family in New Jersey and we will be glad to have you here.
