A recent report by Realtor.com finds that with rising interest rates- waiting to buy could cost you thousands. In fact, the penalty of waiting 1 year to buy in Ocean City could cost you $25,574…and waiting 3 years could cost you $77,829! Even more, our local market in Ocean City is rated as the 16th market in the nation with the most to gain. You’ll see the PDF report HERE and notice Ocean City NJ is 16th on the list. They project that in 30 years the average financial benefit of owning in Ocean City NJ will equal $409,379. Nationally the average buyer would accumulate $217,726. Ultimately, buying real estate produces a financial benefit over 30 years of ownership. Ocean City just happens to provide a considerable upside over the “average” market. Bottom line: It’s an excellent time to buy real estate especially in Ocean City NJ!
