Long Beach Island Real Estate and LBI Vacation Rentals
Mancini Realty, 13515 Long Beach Blvd, Beach Haven Gardens, NJ 08008

Excrow, Inspections and Appraisal

5.1 Title Company and Escrow Holder.

You will need to select a title company which acts as a neutral third party holding all instruments You will need to select a title company which acts as a neutral third party holding all instruments necessary to the sale, including funds and deed. The title company will research the complete recorded history of the property, to insure that the title is free and clear of encumbrances by the date of closing and that all new encumbrances are properly added to the title. Some properties are subject to restrictions which limit various activities from building to parking restrictions. There may be recorded easements and encroachments, where others have limited rights to use your property.

5.2 How to Hold Title.

You may wish to consult with an attorney or tax advisor on the best way to hold title. Different methods of holding title have different legal, estate and tax implications, especially when selling or upon death of the title holder.

5.3 Inspections.

Once your offer is accepted by the seller, you’ll need to have professional inspectors evaluate your home’s major systems. Your agent may recommend other inspections, such as roof, chimney/fireplace, property boundary survey, well, septic, pool/spa, arborist or mold.

5.4 Appraisal and Lending.

Keep in close communication with your lender, who will let you know when additional documents are needed to approve your loan application and fund your loan. The lender will often send an appraiser out to the property and you may pay a fee for this service. Appraisers are specialists in determining the value of properties, based on a combination of square footage measurements, building costs, and recent sales of comparable properties. When you are within two weeks of closing, double check with your lender to be sure the loan will go through smoothly and on time.

What's Your Home Worth?

If asked the value of their LBI home, most people miss the mark – by guessing too high or too low. Real estate values can change quickly. The best way to know how much your home is worth is to get a Comparative Market Analysis (CMA). If you’re thinking of selling, this is a crucial first step in getting your LBI home sold.

Get Your Free CMA Now

Want to Rent Your LBI Home?

Does your LBI home sit empty most of the time? Your home can help earn its keep… as an LBI rental. Mancini makes this an easy, hassle-free process. Do you know how much your LBI home will rent for? The trick to getting your home rented is to set the right price…

Learn Your LBI Rental Rate

Build Your New LBI Home

Want to create your own LBI masterpiece? You can if you build your own home. Full and partial customization is available using your plans or ours – on your lot or ours. Mancini features only the best in LBI new construction. Waterfront properties are available!

Build Your New LBI Home Now

How We Can Exceed Your Expectations?

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