Whether you are in the market to buy a home on the water or sell one, it’s important to keep in mind that waterfront property brings with it a host of things that do not apply to just any old piece of property. The waterfront homeowner is a special breed with special responsibilities. Jumping into those waters, no pun intended, means you’ll have to do your research.
To get things off on the right foot, keep these 4 things in mind when shopping for or trying to sell a waterfront home:
4) Use An Agent Who Is A Waterfront Specialist
The truth is, not all real estate agents are created alike. Even more important is understanding that waterfront homes in Forked River are a much different beast than other real estate. Waterfront properties are attractive and desirable, but making the right purchase can depend on the knowledge that only someone who specializes in waterfront property can bring. Knowing the tides and flooding potential, for instance, or if the home is good for boating (not all waterfront properties are ideal for boating), or how busy the area gets during the summer, and so on – these are all things you’re going to rely on your real estate agent to tell you, so choose carefully!
3) It’s More Than A House, It’s A Piece Of Property
When you’re seeking out waterfront property in Ocean County, one thing to keep in mind is that the actual property is just as important as the home constructed on it, maybe moreso. In fact, it’s often the land that is most desirable for prospective buyers, not the house itself. It’s also important to understand what living on that piece of property will entail. How is the privacy? What special considerations have to be made since you live on the water? Are there any special zoning requirements, in case you want to upsize your home later? These are important details!
2) Research Loans Sooner Rather Than Later
Waterfront homes in Forked River are in high demand. When they go on the market, they tend to go quickly. Even those that take a little longer than expected can sell overnight once they catch someone’s eye. That means if you are in the market for waterfront property, it’s best to have your finances in order before you start looking. After all, when you come across your dream home, you want to be ready to act before someone snatches it out from under you. It has been known to happen!
1) Know Your Responsibilities As A Waterfront Property Owner
Owning property on the water means responsibilities you may not be aware of, both legal and moral. Are there special restrictions on whether or not you can use lawn fertilizers, for instance? And if there aren’t, do you still want to use them? What about dumping? Waste from your garage? Are you allowed to compost for your garden? And so on. Knowing the answers to these questions is important, since living on the water is a much different lifestyle than living inland.