Folks the real estate market in NY (and most of the USA) is super hot. We are experiencing a bit of a reprieve at the moment that is based on everyone wanting to go on vacation and take a deep breath after such a challenging year and a half. If you are thinking of selling or just curious about the value of you home, cabin or and - give me a call. I am going to go on record to say that this may be the best opportunity of your lifetime to get maximum dollar for your property. Interest rates are still historically low and buyer demand remains strong. How long will this last? No one can answer that but we can "guestimate". Most experts are guessing another year to year and a half. My feeling is not as optimistic. I think the variant is going to be bad and we will fee the pain across our economy. I hope I am wrong but I feel like 6 to 9 months of this continuing is way more realistic. But right now things are hot and crazy. So reach out and let me know how I can help you. Loo out for more updates soon and more detail as to the nuances of land sales, different regions, etc. In the meantime stay safe! Don
April 21, 2021
This year has brought madness to the real estate world in many parts of the country. We are experiencing a perfect storm: it's a confluence of events and situationally influenced actions by the government paired with good old fashioned supply and demand. So what am I talking about? Covid woke a lot of people up and dragged them kicking and screaming into a new reality. One where they were forced to face their working conditions, their health, who they lived with, where they lived and how they lived. Adjustments, disruptions and changes were dropped on us all like a ton of bricks. All of a sudden going to the store to by milk could lead to a potentially life threatening virus killing you and or your family. Suddenly work was gone or busier then ever. School became an expressionless computer screen. Meetings went virtual. Gatherings stopped. Travel? No.......no travel. It al changed and so much is still a year and change later not back to any form of normal. So you know al of that. What I was really talking about was real estate and what's happening.
Real estate is being impacted by the following: artificially low interest rates (controlled by the federal government flooding the country with cheap money, high demand from an exodus of folks from NYC and other cities who can now work from anywhere. Many of them escaping the perceived lawlessness of cities right now and or the masses of people. Additionally we have a lot of buyers wanting to go from condo to home but not as many to go from home to condo which is what normally happens. We also have a feeling of "where will I go?" With political, racial and societal issues raging a lot of people are just staying put. Lastly people who are now working from home are thinking why would I want to stay in a city or a small apartment? Now they want bigger places, more spread out, more land, more privacy. It has gotten to the point where the inventory is so low that almost every house sells quickly. So if you are thinking of selling -anything - any thing at al, house, land, fixer upper, high end property, anything please call me. There has literally NEVER BEEN A BETTER TIME TO SELL. EVER.
So 2020 has been a year none of us will ever forget. I won't bore anyone repeating all the details we all know. However, one thing that has become crystal clear this year is the importance of family and friends. We have come face to face with so many realities in our lives. The strength of our relationships with friends, family, neighbors and even strangers. With this in mind so many people have reached out to me to help them buy or sell properties. Often the reasons are financial. They have enjoyed a property for many years and have "aged out" of it or simply can't afford the taxes. This is sad in one sense but as one door closes another one opens. The family that parts with the property is freed of the burdens of maintaining it and paying for taxes, utilities and upkeep. The family that buys it now gets to fix it up to their style and enjoy it for the years to come. They create a stream of memories by the lake, campfire, hunting, hiking, BBQ'ing, parties and so much more. This is the cycle of life for homes, cabins, camps and even recreational land. It's why I love this business so much. Recently I helped a family part ways with a large tract of land. The property was thoroughly loved and enjoyed for 40 years. The new owner upgraded many aspects of it and will enjoy it with his family for years to come. There comes a time when it is evident that its time to sell. My advice is to not let that time be after the property has succumb to nature or is literally falling apart. You will get so much more money if the property is in good shape with functional structures. But whatever, the status of your property - please reach out if you are even considering selling. I am here to help make the process as smooth as possible. May 2021 bring us all good health, good memories and prosperity.