The owners of an established longtime favorite pizza restaurant in Ocean City are interested in selling their business to someone who will come in and continue to work to keep it successful.
The frenzied market has caused a big change in N.J. real estate more cash buyers
Updated 12:50 PM;
More buyers in New Jersey’s red-hot real estate market are relying on an old virtue to get their offers accepted cash is king.
Real estate agents throughout the state have said their buyers are often losing bidding wars to offers that are cash, meaning the sale is not contingent upon the buyer getting a mortgage to close. Cash buyers also run the risk of losing their deposit, so their offers are seen as more committed. And an appraisal isn’t needed for a cash purchase, eliminating another contingency.