Randy Leiser, Long and Foster Real Estate, Inc., 2997 Dune Drive, PO Box 10, Avalon, NJ 08202
toll-free: 800-967-7796 x212  |  local: 609-967-3001  |  fax: 609-967-3057  |  e-mail: Randy@RandyLeiser.com
2013: Jan. Feb. March April May June July Aug. Sept. Oct. Nov. Dec.  

April 25, 2013


"BUY A HOUSE, GET FREE COLLEGE TUITION!"
said Greg Gwizdz, Retail National Sales Manager of Wells Fargo at an industry seminar last week. Greg offered an example similar to the following: a 30-year, $500,000 mortgage at today's 3.5% rate will cost $2,250 per month. Waiting until rates rise to 6% means the same $500,000 mortgage payment will rise to $3,000 per month. Buying at today's lower rates yields a savings of $270,000 over 30 years - more than enough to pay for college tuition!
 
GET YOUR BEACH TAGS EARLY and save money! Full-season beach tags can be purchased pre-season for $21 per tag. On June 1 the cost increases to $26 per tag.

In Avalon, pre-season tags may be purchased on weekends at the Beach Tag Booth at Community Hall. They may also be ordered by mail by sending a check (payable to Borough of Avalon) to Avalon Tax Office/Beach Tags, 3100 Dune Drive, Avalon, NJ 08202. (You will be mailed a receipt to redeem your tags upon your next visit to town.)

In Stone Harbor pre-season tags may be purchased at the Beach Tag Office at 95th Street & the beach on weekends. Order Stone Harbor pre-season tags by mail: view/print order form

Avalon & Stone Harbor will honor each other's tags as they traditionally do.
 
CAPE MAY COUNTY: Ready for Summer! The Reading Eagle recently ran a story about Cape May County shore towns being ready for the summer season. Read More
 
WE'RE EVERYWHERE! Long & Foster has not only continued the Avalon Real Estate Agency tradition of superb marketing - they've expanded it! Perhaps you saw our newest listings on the Wall Street Journal site, WSJ.com? Maybe you saw our full page ad in the print version of the Wall Street Journal, or our half-page ad in the Philadelphia Inquirer? Most recently we had the cover ad plus a full page in Own Magazine, distributed in the Wall Street Journal. When it comes to marketing your property you deserve the very best - and we deliver it!
 
FLOUNDER SEASON in New Jersey has been increased by 11 days, and will run from May 18 to September 27. The 2013 season was originally shortened by 25 days because New Jersey overfished its flounder quota in 2012. However, New Jersey has been awarded additional quota from states that did not fully use theirs in 2012; even with the 11 extra days, the 2013 flounder season will be two weeks shorter than it was in 2012.

April 18, 2013

SAND PUMPING
will begin on Stone Harbor's beach Saturday morning at Stone Harbor Point. Crews set up dredge piping and survey equipment while a dredge mobilized just offshore, but rough seas delayed the scheduled April 15th start. About 420,000 cubic yards of sand will be pumped onto the beach, with work progressing north from Stone Harbor Point to 119th Street, then continuing from 114th Street to 92nd Street. The dredge will operate 24 hours a day, stopping only for weather or mechanical issues. The project is expected to be completed before Memorial Day. Avalon's beach project was completed earlier this year.
 
OCEAN DRIVE between Avalon and Sea Isle City is expected to reopen soon as the roadway at the foot of the Townsend's Inlet Bridge will receive temporary repairs. The project is expected to finish on or about Friday, April 26th.
 
AVALON'S BOROUGH COUNCIL Borough Council voted unanimously to study new beach protection measures, including the feasibility of a new groin field. According to Avalon Mayor Martin Pagliughi, "This new study will evaluate the effectiveness of a groin field and other alternative shore protection measures that will continue to keep our community as safe as possible from future significant storm events." Pagliughi continued, "This study may show a path to even greater protection of our community while saving the Borough, along with our federal and state partners, a significant amount of money."
 
COMIN' DOWN! The Bank of America building at 96th Street and Second Avenue in Stone Harbor will soon be demolished to allow for the construction of a new library on the site. Stone Harbor's new library was originally slated to be built at 95th Street and the beach, but that site faced permitting problems and opposition from some residents. Later, a borough-owned lot further north on Second Avenue was designated for the future library, but when the Bank of America site became available, it immediately was selected as the best option. Officials say the bank building could be demolished by Memorial Day. The future two-story library building will also house the Stone Harbor Museum, but design work is not
finished yet.
 
Springtime in Avalon, NJ
Signs of spring! Sunshine, clear blue skies, and flowering trees...summer is just around the corner!
 
ENERGY AGGREGATION: Stone Harbor is part of a new energy aggregation program that will allow residents the option of taking advantage of lower energy supply costs. State-approved energy suppliers will bid for a one-year contract to supply electricity to all participating residents, until the next energy auction is conducted. The auctions are for the energy supply; Atlantic City Electric will continue to deliver power to the borough. Middle Township and Wildwood are expected to participate in the program, too.

April 11, 2013


"THIS IS A ONCE-IN-A-GENERATION OPPORTUNITY
for a person to buy at the bottom of the market with once-in-a-lifetime mortgage rates," said Jeffrey Otteau, of the Otteau Valuation Group, at the New Jersey Builders Association's convention in Atlantic City this week. Otteau cited low prices and low interest rates as the factors driving the real estate market. If home buyers wait and purchase a home after prices and rates rise, they'll be able to afford a home 30 percent smaller than what they can buy today. (Atlantic City Press, Wednesday, April 10).
 
SPEAKING OF MORTGAGE RATES, one lender that we often work with was offering 30-year fixed rates of 3.5% on jumbo loans up to $4 million, and 3.375% on conforming loans up to $417,000. Call or email me and I'll put you in touch with reliable lenders!
 
SPRING HAS SPRUNG! Daytime temperatures have been in the 70s on the Island this week, complete with warm sunshine and gentle breezes. With each passing day more activity returns to Avalon & Stone Harbor. C'mon down!
 
LONG AND FOSTER'S AVALON OFFICE is pleased to welcome Michael Mavromates as our new Branch Manager. Mike brings a wealth of experience and expertise to his new position and we are excited to welcome him aboard!
 
IT'S NEVER BEEN EASIER to pay for your vacation rental! Simply use a credit card! As a reminder, if you prefer to pay by check, please make it payable to "Long and Foster Real Estate, Inc." instead of "Avalon Real Estate Agency." Thanks!

Avalon Bayfront 
The afternoon sun lights up bayfront homes along Ocean Drive in Avalon.
 
45 DAYS till Memorial Day Weekend!
 
53 PROPERTIES ARE UNDER CONTRACT in the local market, with closing dates ranging from the end of this month to September. Imagine the anticipation and excitement those families are feeling now! How about you? Ready to get started on your own purchase? Call or email me!
 
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