Licensed Real Estate SalespersonBetter Homes & Gardens Atlantic Shores
55 Hilton Ave, Garden City, NY 11530.
Garden City, Malverne, Garden City South, New Hyde Park, Floral Park, Franklin Square, Lynbrook, Stewart Manor, West Hempstead, East Meadow, Rockville Centre, East Rockaway, Manhasset Hills, Roslyn Heights, and all of Nassau County Mid May, 2017
Almost thru the Spring Selling Season and it has been quite interesting. We are still not back to the normal inventory levels, but we have gotten a good number of houses come on the market. The well-priced homes sold within 1 week. Problem is Sellers know that this is a Sellers Market and many of the houses came on with Asking Prices 10% Over what would be expected even in a sellers market. Essentially, the Sellers or their agents were rather Over Optimistic. Sure, the homes got plenty of lookers, but the Buyers are not stupid and now these houses have been on the market for a month with no offers. So now the price reductions start. Problem is once buyers look and reject, they do not come back as I have said in the past. So these nice homes are sitting and waiting.
We have about 20-30 days before Panic Period starts, which is the Buyers needing to get into a house by end of August so their kids start in a new school system. Should be interesting to watch the interaction between the now dismayed sellers and panicked buyers.
Summer is Coming!
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Licensed Real Estate Salesperson.
Better Homes and Gardens Real Estate Atlantic Shores.
55 Hilton Avenue, Suite 100.
Garden City, NY 11530.
Best, top, most trusted and dedicated agent covering Garden City, Malverne, Garden City South, New Hyde Park, Floral Park, Franklin Square, Lynbrook, Stewart Manor, West Hempstead, East Meadow, Rockville Centre, East Rockaway, Manhasset Hills, Roslyn Heights, All of Nassau County displaying a high degree of integrity.