Recent data from real estate insiders indicates that New Jersey home purchases are the highest they’ve been since 2006. Last month, the 2006 high of 9700 real estate contracts was surpassed. These rising rates represent a 19% increase over the past year, signaling a possible rebirth in New Jersey’s historically troubled housing market.
Experts in the real estate industry are speculating that the surge is due to increased buyer confidence and the strong desire of buyers to make their homes in New Jersey.
What Does This Mean for You?
If you are one of the many people that are looking to buy or sell your home in New Jersey, the real estate lawyer you choose may mean the difference between a successful transaction and a real estate nightmare. The Garden State’s notoriously competitive housing market has made negotiations very tough for first-time buyers and sellers. Calling on an experienced and qualified legal representative may help to ensure you’re being treated fairly.
There is a seemingly endless list of things that can go wrong during the average real estate transaction (inspection issues, access to cash, last-minute changes of heart, etc.) It’s critical that you have a knowledgeable advocate that can help you navigate the process.
Securing the New Jersey Dream
For residents and would-be NJ residents, New Jersey is a great place to live but also one of the trickiest and costliest places to buy a home in the United States. The good news is that these numbers prove that the dream of owning a home in this state is still attainable. When you finally feel as though you’re ready to pursue that dream, make sure you have the right people in your corner.
Posternock Apell, PC have been helping New Jersey residents realize their real estate dreams for years. Whether you’re looking to buy or sell your home, are involved in a real estate dispute or need help settling a zoning issue, contact us today for a free phone consultation.