The birds are chirping, the flowers are sneezing, and brokerage firms are releasing their
1st quarter market reports. And they read like obituaries.
So allow me to do you a seasonal favor.
First of all - it's old news because contracts on which the statistics are based were typically signed months and possibly even years earlier (in the case of new development).
A much better indicator of the state of the NYC real estate market is contracts being signed in real time. Just in the first week of April, 25 contracts we signed on properties over $4 million – that’s the strongest Spring since 2015 when I practically hosted my open houses in riot gear.
Nonetheless, the prices have come down somewhat in the midst of this normal market fluctuation, and it’s hard to deny that the pendulum has swung in favor of the buyer.
So how do you not only navigate, but thrive in this market as a seller?
...but you can't afford to do this in today's market. The emotional reaction to walking into a vacant apartment is going to derail the buyer’s excitement immediately. It has to show as well in person as it does online.
The first buyers in are typically the best buyers - motivated and qualified. Capture them with tactics like those above, and convince them to do whatever it takes to win your apartment.
Selecting the right offer is not just about the highest price. Consider which buyer will execute the contract, get approved for a mortgage, and receive board approval. A bird in the hand may be common wisdom, but in a buyer’s market it’s axiomatic. Don’t get caught waiting for a hotter date that may never come along.
Lucky for you, I will be your wingman.
Call Carlin today to schedule a private showingContact