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The phrase “hindsight is 20/20” could never be more true when it comes to real estate. One never knows when the “right time to strike” may be, whether you’re buying or selling. Instead, people rely on current and past market data, guidance from their real estate broker and of course, their gut instinct. Yet despite all the homework one may do, sometimes a person may find themselves saying, “Woulda, Coulda, Shoulda” when a missed opportunity smacks them in the face.

Today, we find ourselves on what we hope to be the heels of a global pandemic—one that hit the New York residential market quite hard, knocking down home prices quite significantly. Buyers have been paying close attention to this and closing in on deals that may not be around for long. The media headlines speak for themselves, touting record sales, month after month since the start of the new year. One might think of the price discounts as a “Black Friday” of real estate, but with no definitive end in sight as to when we will start seeing the deals dissipate. So the question at large these days among many potential buyers is “whether they should get in now” before it’s too late.

In fact, fund managers, real estate firms and investors are jumping in on the action, taking advantage of market conditions by buying multiple condo units at wholesale prices. This certainly is an ideal time to buy or upgrade if you’re serious and in a position to do so, but with that, keep in mind that market recovery is slow so don’t expect to profit from these would be investment anytime in the near future.

If you don’t want to find yourself saying, “woulda, coulda, shoulda”; and at minimum, want to explore all your options, let’s get on the phone and chat. This is a very exciting time for New York real estate, and I’m ready to help guide you with making a sound decision that fits your situation and needs.
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Serjik "Serj" Markarian
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My business is proudly built on referrals. Who do you know that I can help find their perfect home?
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