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EAST BRUNSWICK, NJ – New Jersey-based real estate consultant Jeffrey G. Otteau predicts investors will be swarming the Jersey shore this spring, looking for post-superstorm Sandy property bargains.

Because of the limits on what flood insurance will cover, and the fact that many shoreline home owners do not have coverage, “investors will be aggressively looking for opportunities to cash out these property owners and implement a repair-and-sell or repair-and-rent strategy,” said the market analyst in the latest report from his Otteau Valuation Group, which was shared with GlobeSt.com 

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