Well, as most of you no doubt have heard we have been hit with tough economic times.  The good news is that for the most part our area Including Forest Hills, Kew Gardens and Rego Park have been holding on.  Other areas like Fresh Meadows and Jamaica estates have a lowered expected pricing. We have seen a decline in the volume of poeple purchasing, but there seems to be a leveling off, and interest in the market has gained a slight momentum.

Asking prices for Coops have dropped a bit, while House prices are still quite high.  For this reason the houses are taking a bit longer to sell.

In a down market, I am reccomending to all of my sellers to be a bit more aggressive in their approach to selling.  Setting a slightly more realistic price could mean not only a faster sale, but surprisingly you may realize more money. 

Of course the second most important consideration in any market is "Staging" of your home.  In other words, look at how your home presents to a prospective purchaser.  Reduce clutter where possible.  Perform minor repairs wear they are more apparent (i.e. cracks, dingy paint, or more).

If you need some specific suggestions let me know and I'll be happy to help. 

Jacques Ambron CBR CRB SFR SRES

Madeleine Realty Ltd.

108-23 Ascan Ave

Forest Hills, NY 11375

jacques@madeleinerealty.com

www.madeleinerealty.com

 

Market conditions
10/09/2007
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The current market is fairly strong, however, there is caution in the part of purchasers. For correctly priced properties sales are good. more
 
Me

Jacques Ambron

Forest Hills, NY

More about me…

Madeleine Realty Ltd

Office Phone: (718) 520-0303 x 112

Email Me

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