REALTORS® Offer Tips on the Jersey Shore Rental Market
EDISON — As summer approaches and vacationers begin thinking about getaway plans with friends and loved ones, consider a summer rental to enjoy the beaches, boardwalks, and other treasures of the Jersey Shore.
The expert members of the New Jersey Association of REALTORS® (NJAR®) have some valuable advice to share with those considering renting a property at the Shore this coming season.
“Affordability is key right now,” said NJAR® President-Elect Judy Appleby, ABR, RSPS, SRES, of Appleby Realty in Seaside Park, N.J. “Rental costs remain steady, making the Jersey Shore a viable option for an affordable vacation close to home.”
Appleby adds that even in late spring, many interested consumers think it is too late to obtain a rental unit. Although the spring buying season has begun and activity in this market is increasing, there are properties still available in many Shore communities.
NJAR® First Vice President Allan H. “Dutch” Dechert, RSPS, of Ferguson Dechert, Inc. in Avalon, N.J. and former Chair of the National Association of REALTORS® (NAR) Resort and Second-home Real Estate Committee, suggests that consumers will be successful if they are flexible. “Providing your REALTOR® with options for your desired vacation timeframe and amenities will open up doors to more available properties that accommodate some or all of those preferences.”
The Resort and Second-home Real Estate Committee oversees NAR’s Resort and Second-home Property Specialist (RSPS) certification, an education program designed specifically for REALTORS® specializing in vacation property transactions.
When pursuing the rental process it is important to consult with an expert. Consider meeting with one of the numerous members of the New Jersey Association of REALTORS® to lend their guidance and aid in negotiating price to help make this an affordable and memorable vacation season.
Both Dechert and Appleby recommend visiting the desired area prior to reaching an agreement. Consider a day trip to the desired location to get a sense of the rental unit’s condition, surroundings, proximity to the beach, and any other factors that may be important for a summer getaway.
Renting property along the Jersey Shore offers tremendous opportunity for all involved. According to Appleby, “Consumers can enjoy the amenities of the Garden State and support the local economy at the same time. Local businesses thrive and residents, as well as out-of-state vacationers, get a top-notch experience.”
Another upside to summer rental properties is that they allow New Jerseyans to save what would be spent on long-distance airfare and out-of-state accommodations. Dechert added, “We are seeing families who normally vacation in Florida and along the southern coast enjoying the same benefits at a destination closer to home.”
Whether considering a vacation getaway to last throughout the summer or a place to stay for an extended weekend, seasonal rentals can serve as a “home away from home” to build lifelong memories.
This summer, invest in New Jersey. The Jersey Shore rental market is ripe with opportunity. Contact a REALTOR® to jumpstart the process, answer questions about the desired community, and show available units in the area.
Cape May – Governor Murphy says he doesn't know anything about the drones and doesn't know what they are doing but he does know that they are not dangerous. Does anyone feel better now?
