Builders Add Escalation Clauses to Offset Lumber Prices

Home buyers and new owners are seeking to personalize and make their spaces their own. Homeowners have made the shift into home renovations this year while new home buyers are seeking land to build. With that comes some Lumber challenges.

Realtor Magazine sheds some light on some one of those concerns here: Realtor Magazine – Lumber Prices

They state, “The rising and volatile costs of lumber continue to hamper the new-home and remodeling markets. Lumber prices nearly doubled over a four-month period in 2020 and have continued to reach new highs. The price and availability of building materials have been cited as one of the top challenges that homebuilders face at a time when the real estate industry is calling for more housing inventory to meet surging buyer demand.”

Read more about it and share your insight with us!

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Is Now the Time to Sell Your Home?

A question that most homeowners are keep asking themselves. Emerging from the pandemic we have found ourselves in a Real Estate Market of continued growth. American Lifestyle Magazine helps to answer the ever-pressing question of, “Is Now the Time to Sell Your Home?”

American Lifestyle states, “After initial COVID-related disruptions to the real estate market in March 2020, real estate was declared an essential service. Subsequently, virtual transaction and marketing processes made it possible for buyers and sellers to move forward with home sales. What followed was one of the most active real estate markets in recent memory, with buyer demand far outstripping the availability of listings in markets all over North America.”

Here’s what they list as the 6 main reasons that NOW is in fact the time to SELL:

  1. Interest Rates are on the Rise
  2. COVID vaccinations may mean a return to normal
  3. Buyers are returning to higher-inventory markets
  4. Business as usual may mean more distractions
  5. New construction has ramped up to meet demand
  6. A glut of new listings could undermine market valuations

A critical piece to this process is ensuring you are the right Real Estate Professional looking out for your best interest at all times. Contact us at 732-212-0440 to start the conversation today!

Check out the article here:

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Long Branch Rental Market Remains Strong

Residential Lease Completed at West End Property

Long Branch, NJ — Resources Real Estate announced the completion of residential leasing of 59 Brighton Ave, Long Branch, NJ. The recently constructed mixed use building of 12 residential units and two street-level retail units is located just one block from the ocean beach in the West End section of Long Branch. 

“Marketing these rental properties was much the same as what we would do if we were selling them,” said agent Sahar Karykous of Resources Real Estate’s Shrewsbury sales office.

Her strategy included conducting open houses, extensive Facebook advertising and through videos, live streaming and more, Karykous emphasized the amenities as well as the oceanside location.

The building features 1 and 2 bedroom units each with a balcony, private laundry and an ocean view with shared rooftop access, gym, storage and security. 

When assuming the project in March 2020, the property was 80% vacant and was completely occupied by November.  

“The rate of vacancy is very important to investors, the ability to eliminate it with success, and quality in a short time is very important,” said Karykous, “I am pleased to have completed the project and look forward to more residential sales & leasing in the area in 2021.”

“The market in Long Branch in general and West End in particular is very strong,” said Thomas McCormack, Broker of Resources Real Estate.

“With all of the new development in progress along the oceanfront and now extending inland, Long Branch is highly desirable right now.”

For more information about this and other Long Branch residential and commercial properties, contact Karykous at Resources Real Estate.