Lindenhurst NY Buyer Profiles 2011 - Conventional Mortgage FHA & Cash
As you can see from the chart more buyers are qualified for conventional mortgages compared to FHA.
234 homes sold in Linenhurst NY during 2011.
166 homes sold in Lindenhurst NY during 2010.
So, if you were wondering where the buyers are, there are more buyers now and banks are lending money for mortgages.
38 Lindenhurst NY buyers bought with cash in 2011
23 Lindenhurst NY buyers bought with cash in 2010
17 Lindenhurst NY buyers have bought with cash so far in 2012
The amount of cash buyers has increased between 2010 & 2011. That is very good. These cash buyers are helping to get Lindenhurst NY short sales and REO properties off the market either by flipping these homes or fixing them up for whole house rentals.
Are you wondering why no one has bought your Lindenhurst NY home? Do you think it's overpriced or not in a good location?
It's all about PCL: Price, condition, location. Price and condition you are in control of. You can't change the location so you have to work with what you have and make it better.
Considering there are 243 Lindenhurst NY homes for sale and most of them are priced between $200,000 & $399,000 you really have to be competitive right now in order to sell.
All in all, the Lindenhurst real estate market is doing very well right now. Buyers are finding that homes they want to purchase already have accepted offers on them. There is only 1 REO home on the market and just last month there were six.
Real estate isn't just local, it's hyper-local!
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