Is it time to get out of the rain and look for a safe-haven investment?
Whether you’re an investor or just a person looking to put their money in a safe place during a very volatile stock market period, Ocean County real estate can provide that stable asset.
Investors are looking for the calm in the corona virus storm, and residential real estate appears to be it, specifically single-family rental homes.
Roofstock CEO Gary Beasley said “I think it may be people looking to invest capital into what may be perceived as more stable areas that don’t have as much of an effect, at least not yet, from the virus. I think people look at hard assets, things like real estate, which are uncorrelated generally to the stock market, and specifically housing, that tends to perform quite well on a relative basis during times of market volatility.”
Aspiring real estate owners can buy a property using leverage, paying a portion of its total cost up front, then paying off the balance over time.
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The four chief ways in which investors can make money through real estate are: 1) becoming landlords of rental properties, 2) real estate trading (a.k.a. flipping), 3) real estate investment groups, and 4) real estate investment trusts (REITs).
Here are some selected communities in Ocean County that show the changes in estimated home values over the last 24 months:
· Point Pleasant – Up 9.08%
· Brick Twp – Up 8.0%
· Toms River – Up 5.67%
· Bayville – Up 3.49%
· Lanoka Harbor – Down 1.38%
· Forked River – Up 4.72%
· Barnegat – Down 0.21%
· Manahawkin – Up 6.05%
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Data from our partner MLSs and CIEs, and related calculations, like estimated value for a property or median sales price for a local market. Public records data including tax, assessment, and deed information. Market conditions and forecasts based on listing and public records information.
The housing market had already seen a shortage of homes for sale, especially in the more affordable range, and this increased demand might just amplify the competition, stoking the seller’s market we were experiencing prior to the current economic setback.
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Maybe you’re thinking about buying that vacation home now as a hedge against a unstable stock market. Here are 3 things you should consider:
1. You want your own space in a place you visit often — but how often do you really visit?
2. You're thinking about retiring in your vacation home — but will it fit your retirement lifestyle?
3. You want to make extra money — but have you considered tax laws?
Thinking of a waterfront home on The Jersey Shore – here’s some additional information.
Whether you’re buying an investment property or a vacation home or a combination of both, having a local, knowledgeable Realtor is the key to a successful transaction.
Karl Hess provides expert real estate services to residential buyers and sellers in Ocean County. Contact us today for more information on Ocean County Real Estate and for professional assistance navigating this complex home market.
As always, thank you for your time and feel free to get in touch if you have any questions. Karl Hess, Your Realtor on The Jersey Shore in Ocean County
References:
1. CNBC - Investors are piling into this US real estate play as a coronavirus safe haven
2. Business Insider - There are 3 things you should consider before buying one, says a financial expert.
3. Investopedia - 4 Simple Ways to Invest in Real Estate
4. Karl Hess – Buying a Jersey Shore Waterfront Home in Ocean County
5. Umbrella Photo by Engin Akyurt