Condominiums for Sale NJ

15 Apr

Do you know where to look to find the condominiums that are available for sale in NJ? Don’t worry. You’re not alone. Unless you’re a real estate professional whose job it is to keep up on the market trends in real estate, you’re probably not likely to have the information you need to make an informed decision about buying a condo in New Jersey. Needless to say, it’s a good idea to establish a relationship with a real estate agent who is knowledgeable about New Jersey’s condominium market.
Roy and Jan wanted to take advantage of the softer than normal real estate market and purchase a condominium in Jersey City as investment property. They also wanted to help their sons, Marcus and Brent, have a safe and stable living environment as they began their careers as actuaries for a major life insurance company.
So they purchased a two-bedroom, two-bath condominium along the Hudson River that’s relatively close to a commuter train station. Marcus and Brent especially favor the condo having two separate bedrooms since they had to share a bedroom growing up in their parent’s apartment in Hackensack. As diehard Jersey boys, Marcus and Brent are also glad they don’t have to live in New York. They’d much rather live in their home state and retain their New Jersey identity.
In another instance, Ngumo moved to the New York City Metro area five years ago from Kenya. He wasn’t happy with the apartment he was renting in Brooklyn. He decided he wanted to move closer to the software development company he works for in Jersey City.
Ngumo noticed an ad on the commuter train from Jersey City to Manhattan on his way back to his Brooklyn apartment that read: Condominiums for Sale NJ. Ngumo tapped the phone number into his smart phone and saved it as a reminder for him to call the next day.
The following day, Ngumo called the real estate broker’s phone number that was listed on the ad he saw while riding the train. The real estate broker, who specializes in condominium sales, gave Ngumo a long list of condos for him to check out.
Ngumo arranged times to view four different properties that piqued his interest. All of them were one-bedroom, one-bath condos for just under $250,000 in Jersey City.
Ngumo contacted the real estate broker when he found just the right place situated perfectly between a Kenyan grocery store and the software development company where he works. For $225,000, Ngumo was the proud new owner of a condominium in a recently renovated building.
Even though the monthly fees were higher than what Ngumo would’ve liked, the money he saved in transportation costs from commuting to Jersey City from Brooklyn scored him a net gain of $50 per month.
It goes without saying that each situation is different. However, if you take the time to do your homework on buying a condo in New Jersey, you will have a much better chance of finding the best value for your money out of all the condominiums for sale NJ has available.

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Posted by on April 15, 2011 in Uncategorized



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