
(Photo Credit: Edward Reed)
Mayor Bloomberg speaks at Staten Island Zoo Groundhog Day celebration February 02, 2012. The weather has been extremely warm and mild this winter and S.I. Chuck confirmed Spring is Coming!
If you've been thinking about buying or selling in Manhattan. Now is the time. Spring is Coming!
For Sellers: Inventory is low. Large apartments are in demand and hard to find. Well priced homes are selling at very solid prices. Over pricing a home results in a lower price than under pricing a home. Hard to believe but true!
Price it right and you will get offers. Over price it and you will wait months. Even after a seller lowers the price a few times they are usually forced to negotiate from a position of weakness and accept the only offer.
For Buyers: Rents are going up up up! There is a very low vacancy rate and market rent lanlords can raise your rent whatever they want or can get and most are doing so. Interest rates are still at all time lows. As rents run up the rent vs. buy comparison begins to weigh heavily on the side of buying.
Contact me if you're interested in buying or selling an apartment or townhouse in Manhattan.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved