Thinking about buying or selling a home in NYC? NOW is the time!

As Warburg Realty’s #2 producing agent in 2019 I reflect on the more than 21 deals I did last year, each one a referral client or repeat customer. How delightful for me! Whether you are considering purchasing or listing, now is the time to make your move with a trusted and experienced agent.

The spring real estate market is longer and less interrupted by major holidays. More daylight means flowers are in full bloom, homes show better in the early evening just in time for happy hour, and mortgage rates are at an all-time low at 3% since 1971.

Though the stock market has continued its downward slide driven by fears of the coronavirus, among other issues, some New York Metro area real estate agents are seeing an uptick in activity, even as the virus has been reported in the city and surrounding suburbs.

While navigating today’s real estate world can be complicated, the spring season is a great opportunity for both buyers and sellers to take advantage of favorable market conditions.
Check out my tips for buying and selling below, and don’t hesitate to get in touch should you have any questions or want to learn more about your real estate opportunities this spring.

 

BUYING

• Work with an interested, enthusiastic agent! It is critical for buyers to have representation in a real estate transaction. A property has its own “seller’s” broker: you need your own buyer’s broker! In addition to negotiating the best deal, your broker should act as a one stop shop: from your architect, to mortgage broker and lawyer, and hone in on details from maintenance to assessments.
• Financing and assessments vary from building to building. Organize your financial details and calculate your budget accordingly.
• Reach out to several mortgage brokers and compare their different mortgage rates.

 

SELLING

• Pricing is key in this competitive market. Work with an agent who will diligently research and price your home correctly. They will be representing the sale of possibly your largest asset! Question their strategy and find out what unique value they bring.
• Act like a buyer and go shopping online. Have your broker show you your competition and share with them what you’re also noticing. Understanding the market you’re in helps to set realistic pricing goals.
• Prepare your home for sale. Decluttering and cosmetic upgrades such as painting the walls neutral tones and cleaning the windows will show your home in its best light, and will pay big returns! Buyers need to walk into your home and imagine themselves living there.
• Work with your agent to find out how buyer-friendly your building is. Be realistic about the pool of potential buyers. Price and location are critical for finding ‘the one.’