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Sea Isle City, New Jersey Real Estate - It’s A Buyer’s Market
09 Jan
Posted by Stephen Daniels as Real Estate
The real estate market is still in a fragile state because of the recent economic crisis. While things are getting better, it is still a buyer’s market across the U.S. and will probably remain that way for some time. Despite its popularity as a vacation destination, Sea Isle City, New Jersey is not exempted from this situation.
The major log jam in today’s real estate market is valuation difficulties. Banks are having a hard time confirming the purchase amount meeting up with the actual value of any given home. This causes a bottle neck in the amount of money they can loan out due to processing times being extended. Just to make sure what they are loaning on is worth the amount they are loaning, banks hire appraisers.
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