Regardless if you are preparing to sell a home or buy a home in Ortley Beach, be prepared to move fast. The combination of low interest rates and the limited inventory means listed homes are selling at a record pace. In a popular location like Ortley Beach, homes are selling even faster. The reasons the Ortley Beach is so beloved are many. The location on the Barnegat Peninsula is one of the top draws to the area. The easy access to the beach and the bay attracts people all year round. That being said, it is, of course, much more populated during the summer months. This means that this area is popular for real estate investment opportunities known as rental properties. These homes are usually not resided in full-time by any one person. Rather, they are rented out to vacationers. This makes homes for sale in Ortley Beach sell fast.
Location, Location, Location
Even if you know nothing about real estate, you know location is a primary driver. This is especially true for those looking to invest in a rental property in Ortley Beach. Beach front properties are the most sought after, bay front comes next, and middle of the block homes come in third. However, even the homes that are not water front fill a very important spot in the real estate market. Because these homes don’t offer unobstructed views of the water, they are more affordable than homes that do.
The barrier island, aka the Barnegat Peninsula, stretches from Point Pleasant on the north to off the shore of Ocean Township to the south. It separates the Barnegat Bay from the Atlantic Ocean. The last ten miles of the peninsula to the south is Island Beach State Park. According to Wikipedia, “The park is the largest reserve of undeveloped barrier island in New Jersey and one of the largest in the United States.[2]”
Homes for Sale in Ortley Beach Have Quick Access to Fun
Being a summer vocation destination means that there is plenty of fun things to do. The beach is obviously one of the main attractions. Lifeguards are on duty on the beaches from Memorial Day until Labor Day. But aside from that, there are tons of water sports and activities on the bay like crabbing and fishing. On land, Ortley Beach is very close to the Seaside Heights Boardwalk and not far from the Point Pleasant Board walk. Barnacle Bills is a must go-to spot for just about everyone. There, you can play mini golf or spend a rainy afternoon playing games in the arcade. Plus, the many rental companies offer fun activities like biking, kayaks, peddle boats, and more. When you buy a home in Ortley Beach, there is truly something for everyone.
No Shortage of Great Places to Eat Too
Entertainment isn’t the only draw for Ortley Beach. There is certainly no shortage of great places to eat in this shore town. From casual beach eats to fine dining locations, not matter what your taste or budget, there’s a tasty establishment to visit that suits your needs. More importantly, being a fishing town, there is a fish market that supplies the town with fresh fish and seafood daily. There are also an Italian bakery and a farm market. So, not only are the restaurants varied, there is no lack of fresh foods available in Ortley Beach. This is important for rental properties because no one wants to vacation where there are no good places to eat. On the other hand, this is equally important for year-round residents. Living somewhere lacking in good food is not ideal for most people.
Homes for Sale in Ortley Beach Sell Fast
Perfect for summer vacation or year-round living, homes for sale in Ortley Beach sell fast. This is for a number of reasons. The location is an obvious one. Summer and the shore just go together making shore towns like Ortley Beach a popular destination. The variety of homes available, the vast array of fun and entertainment, and the number of great places to eat make it a town that everyone wants to live in. That means when homes for sale in Ortley Beach get listed by experienced realtors like Birchler Realtors, they sell fast.
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Tips for Buyers
Buying a home in a competitive beachfront market like Ortley Beach can be challenging, but with the right strategy and preparation, you can stand out among other buyers and secure the home of your dreams.
One of the first tips is to get pre-approved for a mortgage before starting your search. This not only shows sellers that you’re serious but also gives you a clear understanding of your budget. Sellers in hot markets often prefer buyers who are already financially prepared, so having your financing in order is crucial.
Next, be ready to act quickly. In the competitive Ortley Beach real estate market, homes can sell in just a few days, or even hours, after being listed. Make sure you’re monitoring new listings closely and have a real estate agent who is equally proactive in alerting you to potential opportunities. If you find a property you love, don’t hesitate to make an offer. However, it’s important to balance speed with careful decision-making to avoid overpaying or missing critical details in your rush to secure a home.
Crafting a strong offer is also key. You may need to offer more than the asking price to beat out other buyers, but you don’t want to overextend yourself. In some cases, you might also consider waiving certain contingencies to make your offer more appealing. Just be aware of the risks involved and consult with your agent to ensure you’re not sacrificing too much protection.
Finally, it’s helpful to build a personal connection with the seller by writing a heartfelt letter explaining why their home is special to you. This can sometimes make a difference in tight bidding situations.
By following these tips, you’ll be better equipped to navigate the competitive beachfront market and improve your chances of landing the home of your dreams.