Atlantic City Property Market and Real Estate Guide

(Atlantic City, New Jersey - NJ, USA)



Cityscape of Atlantic CityKnown for its beaches, casinos and entertainment, as well as its easy access to New York City, Atlantic City has long been a center for tourism.

The nationally famous boardwalk is backed by numerous hotels and serviced apartments, while the beachfront also has good accommodation options. Due to heavy competition between the many casino-hotels, rates are excellent in relation to the level of comfort and service. Timeshares are also prevalent.


Atlantic City is divided into the nine main areas of North Inlet, South Inlet, the Marina, Bungalow Park, Venice Park, Ducktown, Chelsea, Downtown (Midtown) and Chelsea Heights, and those interested in buying property here need to research the various neighborhoods carefully, as crime can be a problem.

Property prices have in recent years slumped in Atlantic City, creating a buyer's market. Buying in the city's more prestigious neighborhoods will likely see good returns in the future, yet purchasing any property here in the current market is a gamble.

Renting Serviced Apartments

Extended stay and corporate visitors may like to rent a serviced apartment in Atlantic City. These apartments typically offer more space and privacy than hotel rooms, as well as discounts to long-term guests. Yet rates are comparable to equivalent hotels for short stays.

Condominiums suitable for extended stays can be found in central Atlantic City, from upscale to mid-priced options. There are also a number of suite hotels and resorts available, together with casino hotels offering furnished suites.

Buying Apartments and Houses

A high crime rate in the city makes it imperative potential buyers research any areas they are interested in buying property, before closing a deal. Once a buyer has decided on a property, as a non-resident, they should be prepared to pay a deposit of up to 25 percent of the property value in order to secure the deal.

Although there are no restrictions on the purchasing of property by foreigners in Atlantic City, it is essential expats use an estate agent that is experienced in the sale of property to non-residents.

Real Estate Agents

While property can be rented privately with little hassle in Atlantic City, purchasing property should only be done with the help of a qualified realtor and a property attorney. These agents can help foreign buyers steer clear of any potential pitfalls and assist them in getting the most for their money.

Check out the following Atlantic City realtors and real estate agents:

Mark Arbeit and Co.
Address: 9218 Ventnor Avenue, Margate, New Jersey NJ, 08402, USA
Tel: +1 609 822 4200
Email: markarbeit@aol.com
Website: www.markattheshore.com
Mark Arbeit promises to get buyers the best deal in the quickest amount of time.

Farley and Ferry Realty
Address: 5215 Atlantic Avenue, Ventnor, New Jersey NJ, 08406, USA
Tel: +1 609 822 1836
Website: www.farleyandferry.com
This professional realty outfit has a useful website offering neighborhood information and a moving guide.

Boardwalk Realty
Address: 2715 Boardwalk, Atlantic City, New Jersey NJ, 08401, USA
Tel: +1 609 927 0090
Email: hhartman@acboardwalkrealty.com
Website: www.acboardwalkrealty.com
Boardwalk Realty offers assistance in finding a home, calculating the value of a home or relocating.