Real Estate Markets Attorney in Clifton, New Jersey

Where do you see the real estate market in New Jersey going?

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so the real estate market overall
um has been incredibly strong over the
past couple years as everyone knows you
never speak to somebody who bought a
property 20 years ago that regrets it
what I tell everyone is for the most
part there’s really no such thing as
overpaying for a property you just have
to hold it a little bit longer
especially with your primary residence
because that’s considered your tax
shelter I see real estate going up
for the foreseeable future if it goes
down it goes down but that doesn’t
really affect the vast majority of the
public because most people who buy their
first home stay in it for at least five
years and typically real estate Trends
adjust over that course of the five
years so I really don’t see the real
estate market going anywhere besides up

Clifton, NJ real estate attorney Peter G. Aziz talks about where he sees the real estate market in New Jersey going. He notes that the real estate market has been exceptionally strong over the past several years. In his experience, he rarely encounters someone who purchased a property 20 years ago and regrets it. He advises that, for the most part, there is no such thing as overpaying for real estate; it may simply require holding the property longer, particularly when it is a primary residence, which also serves as a tax shelter. He anticipates that real estate values will continue to rise in the foreseeable future. Even if there is a temporary decline, it generally does not impact most homeowners, as first-time buyers typically remain in their homes for at least five years, a period over which real estate trends tend to stabilize. Overall, he sees the market continuing on an upward trajectory.

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