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TERESA DIPESO JERSEY SHORE REAL ESTATE BLOG

Tuesday, May 17, 2022   /   by Teresa Dipeso

Increasing Interest Rates Are Pushing Shore Buyers Off The Fence

If you’re thinking about buying a Shore home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans.
Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather than waiting to buy.
A Look Back: How the Current Mortgage Rate Compares to Historical Data
One factor that could help you make your decision to buy now is how today’s mortgage rates compare to historical data. While higher than the average 30-year fixed rate in recent years, the latest rates are still comparatively low when you look at the bigger ...

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Sunday, May 15, 2022   /   by Teresa Dipeso

Instagram-Inspired Decor Swap: 5 Items To Steal From Your Dining Room To Prettify Your Foyer

There are several decor staples of any well-styled dining room: statement lighting, large vases, and plenty of plush seating. And one thing we’re seeing more and more of in today’s design trends is that decor once confined to a single room is now free to move about your home.
So while this week’s Instagram-inspired design looks might have their roots in the dining room, they are most definitely at home in the gorgeous foyers we found for you this week. Here are five trending decor looks you’ll want to bring out of the dining room and into the entryway this week.
1. Buffet side table
First on our list of dining room decor rocking out in the entryway? This buffet side table from @mylittleredhouse.
“Buffet side tables are traditionally found in dining room settings, but we’re fortunate enough to live in a time where you can make just about anything work in interior spaces,” says designer Devin Shaffer of Decorilla ...

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Friday, May 13, 2022   /   by Teresa Dipeso

The Best French Toast In NJ Is In Cape May

Eat This, Not That, a reliable go-to source for all of the latest foodie news, put together a list of The Best French Toast in Each State, and out of all of the french toast destinations in New Jersey, George's Place in Cape May took the top spot!
If you'll be in Cape May this spring/summer, definitely put this spot on your itinerary.
This is their Limoncello French Toast, which is two slices of sourdough french toast, topped with limoncello greek yogurt and fresh blueberries.

Their Cape May location is 315 Ocean Street. They're open for breakfasting and lunch Friday, Saturday and Sunday 8am-4pm, and for dinner, nightly from 4pm-8pm.  
  ...

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Friday, May 13, 2022   /   by Teresa Dipeso

What Is a Bridge Loan? A Way to Buy a New Home Before You Sell the Old One

What is a bridge loan? As the name suggests, bridge loans offer a short-term loan or “bridge” that allows borrowers to purchase new real estate property by using the home they currently own as collateral. A bridge loan is definitely worth considering for borrowers who are trying to buy and sell a home at the same time.
What is a bridge loan?
Also called a “wrap” or “gap financing,” bridge loans are a lifeline for home buyers who are eager to purchase new digs before they’ve sold the home they’re currently in. In such scenarios, unless you’ve got substantial income and wads of cash for the down payment, it can be hard to qualify for the loan amount of that new home while you are still saddled with monthly payments on the mortgage loan on your current home—for many people, that means stretching their finances awfully thin.
While some lenders may be reluctant to grant borrowers a loan for that new home, len ...

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Tuesday, May 10, 2022   /   by Teresa Dipeso

Crest Beach Patrol Schedule Announced

The Wildwood Crest Beach Patrol has announced its coverage schedule for the 2022 summer season.

All beaches will be open and protected by lifeguards, weather permitting, from 10 am to 5:30 pm on Memorial Day Weekend, Saturday through Monday, May 28-30, as well as on Saturday and Sunday, June 4 & 5.

Lifeguards will be placed on stands for the weekends of May 28-30 and June 4-5 at the following locations: Cresse-Morning Glory, Buttercup-Lavender, Heather-Crocus, Aster (surfing beach), Cardinal (surfing beach), Wisteria, Rosemary, Fern, Lotus, Primrose (surfing beach), Rambler-Orchid (surfing beach), Stanton, Atlantia-Nashville, Miami, St. Paul-Toledo, Syracuse, Hollywood-Topeka (surfing beach, 10 am - 12 noon only), Charleston, Trenton-Neward, Washington-Jefferson.

Beginning Saturday, June 11, all beaches will be open and protected daily, weather permitting, from 10 am to 5:30 pm though Labor Day, Monday, September 5.
The Wildwood Crest Beach Patrol strongly advises all bat ...

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Teresa M DiPeso & The DiPeso Group Jersey Shore Real Estate Experts
Teresa M. DiPeso
5901 New Jersey Ave
Wildwood Crest, NJ 08260
609-780-1434

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the South Jersey Shore Regional MLS. Real estate listings held by brokerage are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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