BOARDWALK REVIEW 2020 Issue 1 Covid-19 Digital edition by Farley&Ferry Realty Inc.

FARLEY&FERRY REALTY INC. PRESENTS

BOARDWALK REVIEW

NEWSLETTER FROM YOUR LOCAL REAL ESTATE CONNECTION 2020 ISSUE 1

“SPRING IS THE TIME OF PLANS AND PROJECTS.”

 Anna Karenina, Leo Tolstoy

A PERSONAL NOTE FROM MARY LOU FERRY WIMMER
LOCAL MARKET UPDATE
FINANCIAL TIPS AND GUIDELINES
HOW TO GET YOUR HOME READY FOR A SALE
TAX APPEAL 2020 EXTENSION
HOW TO BE A GOOD NEIGHBOR

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

Dear Valued Customers & Colleagues, GET IN TOUCH WITH US IF YOU WOULD
Thank you for reading our brand new issue of our LIKE TO RECEIVE A COMPLIMENTARY
digital Boardwalk Review Magazine! In response to AND CUSTOMIZED MARKET REPORT
the growing concerns about COVID-19, commonly
referred to as Coronavirus, NAR (National [email protected] 609-822-1836
Association of Realtors) is providing a guidance to
help REALTORS® respond to the
Coronavirus's  potential impact on the real estate
industry. We are closely monitoring the Centers for
Disease Control and Prevention (CDC), World
Health Organization (WHO) and local health
departments statements regarding the Coronavirus
(COVID-19) cases and following the guidelines. The
health and safety of our agents, staff and clients is of
utmost importance to us. We have closed our offices
to the public. All of our agents are continuously and
diligently working remotely in this modified
market.
Our agents are available via email, phone and text
to serve any of your real estate needs. We encourage
you to shop online on our website
www.farleyandferry.com and visit our social media
channels where we share real estate, home and
community related updates frequently.    As of
today, showings and closings are still being
scheduled and we are working diligently as well to
provide the best service to our clients and to our
community!
The real estate market did not stop,  we have
CLOSED, PLACED UNDER CONTRACT AND
LISTED NEW PROPERTIES. Please do not
hesitate to contact us with any questions and do not
hesitate to look further for the latest and greatest in
real estate! Lets all choose happiness and be safe!
We have selected for you useful information and
fun tips how to make the best out of the current
situation!

Mary Lou Ferry Wimmer
Broker, Owner

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

SHORE LIFE

Build memories at the shore

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

we ventor

THERE IS A LOT TO LOOK FORWARD TO!

The growth is substantial on and off the island. There are
a lot of new establishments that opened last year and
more coming up this year!  There is a lot to look forward
to when everything comes back to "normal".

If you haven't noticed by now the former bank on the
corner of Fredericksburg and Ventnor Avenues on the
boarder of Margate and Ventnor is now the home of the
irresistible Water Dog Smoke House featuring smoked
cuisine with a healthy menu.

As you travel North down Ventnor Avenue
Santucci's Original Square Pizza established
in Philadelphia, is under construction at the
former Arrow Hardware site and will feature
their famous menu, full bar, outdoor patio and
entertaining arcade coming end of this spring.

The former Delaware Market is also in the process of a restaurant renovation project and we can't forget
Dunkin' Donuts with drive thru roasting their signature coffee daily.

Additionally, The Ventnor Square Movie Theater
is being restored and re-invented by experienced
operators out of Stone Harbor, including a burger
bar with liquor license.
The former  Mento's South Philly Italian Ice  ice
cream parlor will now open across the street from
Farley & Ferry Realty's office as  North Beach
Cafe & Creamery providing breakfast, lunch, and
Ice Cream & Deserts. It is an amazing addition to
the booming neighborhood of the North Beach
section of Ventnor.

If you're on your bike or taking a power walk on the
boardwalk you will see plenty of new construction
throughout the beach front and beach blocks in both cities
of Margate and Ventnor.   Keep in mind Ventnor has a tax
abatement for all new construction so builders are being
enticed to develop along with a 3% increase in
values.  Ventnor is invigorated with new construction and
interest remains high for primary and secondary
homeowners.

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

summer rentals

SHORT TERM RENTAL INSPECTIONS SUSPENDED TILL MAY IN MOST MUNICIPALITIES - PLEASE GIVE US A CALL WITH ANY QUESTIONS!

Build memories at the shore

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

What to do if you can’t make your rent or mortgage payments
because of the coronavirus pandemic

Millions of U.S. households are expected to face financial IF YOU ARE A RENTER
burdens in the wake of the coronavirus pandemic.
If you are facing reduced hours or job loss and are worried Give your landlord notice - Renters are advised to contact
about making your rent or mortgage payment this month, their landlords as soon as they can to talk through delayed or
the Department of Housing and Urban Development will partial payment options.
suspend “all foreclosures and evictions” through the end of Work out a payment plan. Make a payment plan with your
April. landlord with repayment dates, and get everything in
writing. If you believe you won’t be able to make a payment
HOMEOWNERS at all, bring it up to your landlord as soon as possible and,
again, ask if you can put a plan into place to pay once you
Contact your lender and banker or credit union. Financial have income again.
planners and consumer advocates are encouraging
homeowners to  reach out to their loan servicer  directly to ADVICE FROM GREG MALAMUT,
discuss payment options as soon as they can. GREENTREE MORTGAGE

"Don’t wait until your mortgage payment is Develop an overall wealth management plan with a long
due to find out about your option, call as term holistic approach
soon as possible." We don’t know when the bottom will be. If there’s value to
you, it’s a good time to buy (stocks, real estate, etc)
Many banks are already putting together coronavirus Interest rates like the stock market are facing volatility.
response pages. Please follow up with your bank to find a The fed wants to encourage economic growth by lowering
solution. interest rates

HAVE YOU WATCHED OUR VIDEO WITH GREG? CHECK
IT OUT ON FACEBOOK OR YOUTUBE

5 EASY WAYS TO GET YOUR HOME READY TO SELL

CLEAN Take the time to deep clean your entire REPAIR Go through and fix those leaky faucets or
home, just like a detailed spring cleaning! STAGING patch up the holes in the walls. Little repairs
Not only a good clean help your home look around the home can save a lot of headache
great, but it also help with any smells that during the selling process.
could make a buyer want to walk out the We have a handful of great guys in our
door. Need a cleaning service to help YOU? wheelhouse who we can offer to do this
Just give us a call! work for YOU, do not hesitate to reach out!

CURB APPEAL Staging a home can be one of the most
important things you can do. 90% of listing
First impressions are everything. Most are found on the internet, especially
people will make a judgment about a house nowadays, so good staging will set yours
within 7-10 seconds upon arriving on the apart even before the showing. This allows a
property. Wow them by trimming, adding buyer to visualize his or her own palette and
color like beautiful seasonal flowers and furniture in the space.
cleaning up the yard. Needless to say we
have the best landscaper contacts, contact

us for their info. when is the best time to list?

DEPERSONALIZE

We often get this question from our clients. If you live by the shore the

While you're staging, be sure to take down best time is the spring to capture eager buyers who want to spend
your family photos. Buyer's want to picture their summer at the beach. If you live on the mainland it depends on
their family living in the home, so this allows the demand and supply in your neighborhood. During this modified
them to do without being distracted.
market, we still have qualified buyers who are looking to purchase
properties, so we suggest to list your home if you are ready, the

source:https://www.cnbc.com/2020/03/18 inventory is definitely lower compare to last year.

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

MAINLAND LIVING

New Jersey Extends Filing Deadline for
Real Estate Tax Appeals Due to COVID-19

The new deadline is May 1, 2020 (and possible
beyond)If you own or lease commercial, residential
and/or investment property in New Jersey, you should
have received a 2020 Notice of Assessment from the
local tax assessor -
now is the time to review whether you should file a
2020 appeal.
Give us a call with any questions 609-822-1836!

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM

5 WAYS TO BE A GOOD NEIGHBOR DONATE TO LOCAL FOOD PANTRIES

SUPPORT LOCAL BUSINESSES If you've been to the grocery store lately, you've seen the
empty shelves. Food banks right now are facing the same,
Now, more than ever, is the time to support OUR LOCAL but worse. they are seeing fewer volunteers ( a con of social
COMMUNITY. If you have the means, get takeout from the distancing) and supplies disappear as more and more
local deli, order something online from your favorite local
store and purchase supplies from your local grocer. Buy a gift 2 people fear shortages. This is all compounded by an
increased demand as more and more people are put out of
1card and save it for the summer. When this ends, and it will, work due to the virus. Give what you can, if you can.
you'll want your community to still be there. Most of our
favorite local spots offer family meals for take out - please

check our social channel for update - we always share our

3favorite meals and goods we got!
CHECK ON YOUR NEIGHBORS

Respect social distancing rules, but be a true good neighbor.
If you haven't heard from Mary down the street for a few days,
call and make sure she doesn't need anything. And, if she
does, offer to pick up needed items on your next  store run (if
you can). Less risk for those most at risk is crucial here.

DON'T FORGET THE ANIMALS BE KIND

While the virus is thought not to affect dogs, animal Take only what you need.
shelters aren't so lucky. Many shelters have had already Offer to help those you
cancel spring fundraisers that bring in the bulk of their can. Be patient. Give
donations. Cash donations are always helpful, but the thanks for what you have.
Know that while we have
4 5availability to foster or even adopt during this time is
paramount. Not at least animals can be great company to go through this, it is

help us not to feel alone. temporary.

WHERE IS WALDO? WE APPRECIATE
YOUR REFERRALS!
Use your smile to change the world, but don’t let the world change your smile.
609-822-1836

[email protected]

FOLLOW OUR UPDATES ON OUR
SOCIAL MEDIA CHANNELS!

source:https://www.cnbc.com/2020/03/18

FARLEY&FERRY REALTY INC. | 5215 ATLANTIC AVE, VENTNOR NJ 08406 | 609-822-1836 | WWW.FARLEYANDFERRY.COM