On the Long Island real estate market front, every homeowner, that's been on the market and not sold their home, has a different answer for why their home didn't sell.
I came across a very objective method for grading your own listing. If you're listed, this may be a good thing to review with your agent. If you're not listed (well call me 631 831 9048), http://steveharneyblog.com/2009/10/13/how-to-grade-your-listing/ , is a good place to actually help you prepare to sell your home.
This grading system will help you objectively prepare to sell your home. Again, if you're not listed, the icing on the cake will be to utilize an active agent with the "right stuff" to get the job done.
Something like http://142411thstreet.epropertysites.com/ might set someone like me apart from the average agent. This might help you reach that grade A!
Tuesday, October 13, 2009
Saturday, October 10, 2009
Broker Price Opinions: Who Was That Guy?
I am currently conducting about 12 broker price opinions each week. Broker price opinions are quick estimates of home values completed by licensed real estate agents. Broker price opinions or BPO's are ordered by banks or asset management companies and allow these companies to get a sense of what a property is worth.
So who's that guy taking pictures of my neighbor's house?
That's a question i think many people across the country are saying more and more.
You might say, "The guy (or gal) got out of their car, they took a few pictures and were gone before I got a chance to put my robe on to see what was going on."
Don't worry, you're not alone.
Whether a company is ordering it for quality assurance purposes (checking on themselves to see if they're writing quality loans), or more likely, because the person who owns the home is behind on their mortgage, broker price opinions are at an all-time high.
So next time when you're looking out your window and you see someone get out of their car, take three or four pictures of a home, you'll know that chances are, it's a real estate agent doing a BPO.
You may see me.
Either way, the more "business" I get with regard to broker price opinions, in our local communities, the more uneasy I feel.
So who's that guy taking pictures of my neighbor's house?
That's a question i think many people across the country are saying more and more.
You might say, "The guy (or gal) got out of their car, they took a few pictures and were gone before I got a chance to put my robe on to see what was going on."
Don't worry, you're not alone.
Whether a company is ordering it for quality assurance purposes (checking on themselves to see if they're writing quality loans), or more likely, because the person who owns the home is behind on their mortgage, broker price opinions are at an all-time high.
So next time when you're looking out your window and you see someone get out of their car, take three or four pictures of a home, you'll know that chances are, it's a real estate agent doing a BPO.
You may see me.
Either way, the more "business" I get with regard to broker price opinions, in our local communities, the more uneasy I feel.
Saturday, September 26, 2009
Long Island Homes For Sale: No Coke, Pepsi
Okay so what do Long Island homes for sale and soda have in common? Nothing, I just felt like naming an article I write after the famous Saturday Night Live skit with Jim Belushi as the guy in the fast food joint. What a great skit.
Actually, sometimes I feel it's necessary to draw a comparison like this skit, where people visit Belushi's food joint and ask for "fries" and he say, "no fries, cheeps (chips)" and when the patrons ask for a hamburger, he tells them "Cheeseburg" and then yells back to this staff (Dan Ackroyd), "Cheeseburg, Cheesburg, 2 cheep..."
Where am I going with this? Well that's what I do as a real estate agent. And for sellers, this is what you want. When an agent, like myself, has multiple listings in his/her own inventory, meaning they're homes specifically in my own inventory, I get some people who want Pepsi instead of Coke.
Stay with me here.
Buyers will come to my open houses or call off of signs or ads that I have on other homes. Then if the home doesn't match their criteria (they want "Pepsi" instead of "Coke"...well then I tell them, "No Coke,...Pepsi!"
I can then bring them to your home and make the sale. That's the advantage of having a mover and shaker as your listing agent.
I make it happen.
Now I do not speak like Jim Belushi does and I will be more professional than he is, but I'll try my best to introduce the "Pepsi" with same decisiveness.
NOTE: I am making no reference to the quality of the soda here. So one home is not "better" than the other....
:)
Actually, sometimes I feel it's necessary to draw a comparison like this skit, where people visit Belushi's food joint and ask for "fries" and he say, "no fries, cheeps (chips)" and when the patrons ask for a hamburger, he tells them "Cheeseburg" and then yells back to this staff (Dan Ackroyd), "Cheeseburg, Cheesburg, 2 cheep..."
Where am I going with this? Well that's what I do as a real estate agent. And for sellers, this is what you want. When an agent, like myself, has multiple listings in his/her own inventory, meaning they're homes specifically in my own inventory, I get some people who want Pepsi instead of Coke.
Stay with me here.
Buyers will come to my open houses or call off of signs or ads that I have on other homes. Then if the home doesn't match their criteria (they want "Pepsi" instead of "Coke"...well then I tell them, "No Coke,...Pepsi!"
I can then bring them to your home and make the sale. That's the advantage of having a mover and shaker as your listing agent.
I make it happen.
Now I do not speak like Jim Belushi does and I will be more professional than he is, but I'll try my best to introduce the "Pepsi" with same decisiveness.
NOTE: I am making no reference to the quality of the soda here. So one home is not "better" than the other....
:)
Friday, September 25, 2009
Long Island Real Estate Market: Unexpected Drop In Sales Across Nation
For some reason, the Long Island real estate market is saw a marginal increase in sales in August 09 in comparison to July 09 and analysts looking at data across the country say it's "unexpected".
This I do not understand. You can read an article about it by CLICKING HERE. This link will take you to DSNews.com.
What is in the report that I have been talking about on my website www.tommcgiveron.com, is that short sales and foreclosures are playing a major role in driving down median home prices across the country. "Distressed properties" normally are priced 15 to 20% less than a "normal sale" and they made up a third (33% or 3 in 9 homes) of the sales in August, 2009.
Now that's something to be weary of because it suggests that these types of properties are having a major impact on the values of homes suggesting further distresses in the real estate market for sometime to come.
This I do not understand. You can read an article about it by CLICKING HERE. This link will take you to DSNews.com.
What is in the report that I have been talking about on my website www.tommcgiveron.com, is that short sales and foreclosures are playing a major role in driving down median home prices across the country. "Distressed properties" normally are priced 15 to 20% less than a "normal sale" and they made up a third (33% or 3 in 9 homes) of the sales in August, 2009.
Now that's something to be weary of because it suggests that these types of properties are having a major impact on the values of homes suggesting further distresses in the real estate market for sometime to come.
Thursday, September 24, 2009
Long Island Houses For Sale: Resources
Where are all the Long Island houses for sale? The good ones that is.
Ouch!
Seriously, I'm a real estate agent and I see homes everyday. I walk into a home where a seller is asking $399,000 and the place hasn't been painted since the turn of the century....19th to the 20th century! (For those that are a little behind on time...psstt - it's the 21st century)
So seriously, where do you find the real good ones for sale?
The answer of course is the resources I have available to my buyers. Psst...hey sellers, if you're reading this, your home could be here too - email me or leave a comment.
Anyhow, visiting www.tommcgiveron.listingbook.com will get you all set up to get morning reports on anything that changed within your criteria. You set the rules, the criteria, the locations, everything!
The system updates every 30 minutes! Hello. MLSLI.com updates every 24 hours. By the time you, the buyer, notice a price change...the home that you've been eyeballing is gonzo!!!
Well I'm going to keep on bloggin' on here.
If you want to read some article about the Long Island real estate market specifically, visit my main website at www.tommcgiveron.com.
Thanks!
Ouch!
Seriously, I'm a real estate agent and I see homes everyday. I walk into a home where a seller is asking $399,000 and the place hasn't been painted since the turn of the century....19th to the 20th century! (For those that are a little behind on time...psstt - it's the 21st century)
So seriously, where do you find the real good ones for sale?
The answer of course is the resources I have available to my buyers. Psst...hey sellers, if you're reading this, your home could be here too - email me or leave a comment.
Anyhow, visiting www.tommcgiveron.listingbook.com will get you all set up to get morning reports on anything that changed within your criteria. You set the rules, the criteria, the locations, everything!
The system updates every 30 minutes! Hello. MLSLI.com updates every 24 hours. By the time you, the buyer, notice a price change...the home that you've been eyeballing is gonzo!!!
Well I'm going to keep on bloggin' on here.
If you want to read some article about the Long Island real estate market specifically, visit my main website at www.tommcgiveron.com.
Thanks!
Tuesday, September 22, 2009
Long Island Real Estate Market: What You're Not Hearing In The Media
For the Long Island real estate market, there are issues facing the market overall that you’re not hearing about in the media. I want to take a peak at the money issue.
Part of me really doesn’t want to write a series of articles about the realities because it just doesn’t look good for sellers. Another part of me says that I owe it to my communities here on Long Island to “keep it real”, otherwise I risk becoming just another real estate agent with head firmly implanted in sand.
One item we hear about is the “FHA” or Federal Housing Authority and the loans they back called “FHA loans”. Banks provide money to buyers at a greater amount (up to 96.5% Loan to Value or LTV). LTV is based on what the total appraised value is of a given home is and how much the buyer puts down and how much the bank lends.
Read the rest of the article
Part of me really doesn’t want to write a series of articles about the realities because it just doesn’t look good for sellers. Another part of me says that I owe it to my communities here on Long Island to “keep it real”, otherwise I risk becoming just another real estate agent with head firmly implanted in sand.
One item we hear about is the “FHA” or Federal Housing Authority and the loans they back called “FHA loans”. Banks provide money to buyers at a greater amount (up to 96.5% Loan to Value or LTV). LTV is based on what the total appraised value is of a given home is and how much the buyer puts down and how much the bank lends.
Read the rest of the article
Monday, September 21, 2009
Long Island Foreclosures: What's Happening Across The Country
In order to avoid a copyright infringement, I am going to provide the link to a website that I frequent that covers the Default Services field of real estate.
http://www.dsnews.com/articles/experts-worry-option-arm-time-bomb-is-about-to-explode-2009-09-21
The article is a very brief and chilling look at what is looming over the entire market.
What's crazy is that the mainstream media is very hands-off when it comes to really covering this threat to the overall real estate economy.
What does this have to do with Long Island specifically? Read my article:
http://www.tommcgiveron.com/long-island-real-estate-market-2-in-3-homes-underwater-in-western-suffolk/
http://www.dsnews.com/articles/experts-worry-option-arm-time-bomb-is-about-to-explode-2009-09-21
The article is a very brief and chilling look at what is looming over the entire market.
What's crazy is that the mainstream media is very hands-off when it comes to really covering this threat to the overall real estate economy.
What does this have to do with Long Island specifically? Read my article:
http://www.tommcgiveron.com/long-island-real-estate-market-2-in-3-homes-underwater-in-western-suffolk/
Saturday, September 19, 2009
Help For A Home Buyer: How Much To Offer?
Posted on http://www.tommcgiveron.com/
I frequent the website, trulia.com. I am a Pro on Trulia Voices where homeowners, buyers, and others can ask questions about real estate and get multiple answers from an array of real estate professionals.
I recently answered a question and below is the exchange:
The Question:
Im looking at a house on long island that is asking $225,000. How do i determine a good first offer? The house backs to railroad tracks but has a had alot of cosmetic work done.
Michael David
Home Buyer
Mount Sinai, NY
My Response:
mike -
what are you willing to spend for the property?
of course - you'll say - "as little as possible" - but step back and ask yourself that question. determine UP FRONT what you want to spend. they're asking $225,000 - i'm sure THEY KNOW they're backed up to RR tracks.
knowing what sold when and all that stuff will help determine if you're getting a good "deal" of course.
yatayatayata....do you want to buy the home? If so - how much are you willing and ABLE to spend.
what's the monthly cost involved (how much, if any, mortgage payment can you afford?). now if you don't know what the answer to that question is - then YOU are not ready to make an offer on any property. if you do know - then you've done your homework and built a foundation for making a real estate purchase.
so to answer your question - "how do i determine a good first offer?" determine what you want to spend - MAX - HONESTLY - then offer a little less than that. define "a little"...3% less than what your max is.
your max might be $215,000 - for this house. after factoring in, how much you can afford and other considerations which might include - how much there is to fix in the house, your time frame for purchase, how long you've been looking already, stressors with your partner over looking for a long time (if that's the case), job, money, etc...
so say it's 215,000 - then offer $208,550.
Okay - now what?
N E G O T I A T E
Are you a professional negotiator? How will you present your offer? How will you assure that you literally are not over paying for the home? How do you know it will appraise? do you know your closing costs (estimates)? Do you have enough money in savings? Do you know a competent home inspector?
Now THESE are the issues you're up against AFTER you've determined the easiest part...how much to offer.
Email me http://tommcgiveron.listingbook.com/?&page=contact
If you're out on your own - you're winging it. Which is fine. Go for it. BUT - if you're making the largest financial investment of your life (which for most people - that's what a home is) - doesn't it make sense to really know what you're doing...or at least - have a pro helping you do it right? Seriously...Food for thought...
Either way man - good luck!!!
Web Reference: http://www.tommcgiveron.com/buyers/
_____________________________________________________
I just wanted to share the exchange with any of the buyers on my website because I thought the feedback was very pertinent to most buyers. That is a big question, "What to offer?" But there are other questions that are just as, if not more important when considering a home purchase.
One of the keys to making a serious decision to purchase a home is simply asking yourself:
How much you would spend on a particular home?
Can you afford the monthly payment?
It's like any other purchase, only a lot larger. I believe buyers get caught up in "getting a deal". But a "deal" is really a home you like and can imagine spending the next few years of your life living there. That's a deal...
I frequent the website, trulia.com. I am a Pro on Trulia Voices where homeowners, buyers, and others can ask questions about real estate and get multiple answers from an array of real estate professionals.
I recently answered a question and below is the exchange:
The Question:
Im looking at a house on long island that is asking $225,000. How do i determine a good first offer? The house backs to railroad tracks but has a had alot of cosmetic work done.
Michael David
Home Buyer
Mount Sinai, NY
My Response:
mike -
what are you willing to spend for the property?
of course - you'll say - "as little as possible" - but step back and ask yourself that question. determine UP FRONT what you want to spend. they're asking $225,000 - i'm sure THEY KNOW they're backed up to RR tracks.
knowing what sold when and all that stuff will help determine if you're getting a good "deal" of course.
yatayatayata....do you want to buy the home? If so - how much are you willing and ABLE to spend.
what's the monthly cost involved (how much, if any, mortgage payment can you afford?). now if you don't know what the answer to that question is - then YOU are not ready to make an offer on any property. if you do know - then you've done your homework and built a foundation for making a real estate purchase.
so to answer your question - "how do i determine a good first offer?" determine what you want to spend - MAX - HONESTLY - then offer a little less than that. define "a little"...3% less than what your max is.
your max might be $215,000 - for this house. after factoring in, how much you can afford and other considerations which might include - how much there is to fix in the house, your time frame for purchase, how long you've been looking already, stressors with your partner over looking for a long time (if that's the case), job, money, etc...
so say it's 215,000 - then offer $208,550.
Okay - now what?
N E G O T I A T E
Are you a professional negotiator? How will you present your offer? How will you assure that you literally are not over paying for the home? How do you know it will appraise? do you know your closing costs (estimates)? Do you have enough money in savings? Do you know a competent home inspector?
Now THESE are the issues you're up against AFTER you've determined the easiest part...how much to offer.
Email me http://tommcgiveron.listingbook.com/?&page=contact
If you're out on your own - you're winging it. Which is fine. Go for it. BUT - if you're making the largest financial investment of your life (which for most people - that's what a home is) - doesn't it make sense to really know what you're doing...or at least - have a pro helping you do it right? Seriously...Food for thought...
Either way man - good luck!!!
Web Reference: http://www.tommcgiveron.com/buyers/
_____________________________________________________
I just wanted to share the exchange with any of the buyers on my website because I thought the feedback was very pertinent to most buyers. That is a big question, "What to offer?" But there are other questions that are just as, if not more important when considering a home purchase.
One of the keys to making a serious decision to purchase a home is simply asking yourself:
How much you would spend on a particular home?
Can you afford the monthly payment?
It's like any other purchase, only a lot larger. I believe buyers get caught up in "getting a deal". But a "deal" is really a home you like and can imagine spending the next few years of your life living there. That's a deal...
Thursday, September 17, 2009
Long Island Real Estate Market: Distressed Sales
There's no question that distressed sales in the Long Island real estate market are growing in number.
Today I was searching homes in Lindenhurst, Babylon and West Babylon for a buyer. I had certain criteria in my search guidelines which included number of bedrooms and price.
My initial search yielded 121 homes.
I then remembered that my buyer was not interested in short sales or foreclosures, so I updated my search criteria to include NO short sales and NO foreclosures.
My updated search yielded...40 homes.
That's an 81 home difference. That means that over 66% of homes (or 2 in 3 homes) is a distressed sale.
That is absolutely unbelievable.
I will be doing a thorough analysis of the Long Island real estate market in the next week or so. It will include a closer look at this phenomenon that the media is touching on, but not really focusing on. We keep hearing about the increase in foreclosures, but are we really seeing what I found today? A lot of homeowners are in trouble.
For sellers, things are not going to get any better for quite sometime.
Today I was searching homes in Lindenhurst, Babylon and West Babylon for a buyer. I had certain criteria in my search guidelines which included number of bedrooms and price.
My initial search yielded 121 homes.
I then remembered that my buyer was not interested in short sales or foreclosures, so I updated my search criteria to include NO short sales and NO foreclosures.
My updated search yielded...40 homes.
That's an 81 home difference. That means that over 66% of homes (or 2 in 3 homes) is a distressed sale.
That is absolutely unbelievable.
I will be doing a thorough analysis of the Long Island real estate market in the next week or so. It will include a closer look at this phenomenon that the media is touching on, but not really focusing on. We keep hearing about the increase in foreclosures, but are we really seeing what I found today? A lot of homeowners are in trouble.
For sellers, things are not going to get any better for quite sometime.
Tuesday, September 15, 2009
Long Island Real Estate For Sale
Well since I am a real estate agent with some Long Island real estate for sale, I figured I'd put in a few links to some of my listings.
Ranch In West Babylon - This fabulous home features a woodburning stove that will heat the entire home, an apartment that needs to have updated permits, and an updated kitchen. Priced to sell!
Short Sale Cape In Patchogue - This fabulous home with 4 bedrooms, is a great starter home featuring hardwood floors and a private backyard. If you don't know much about short sales, call or email me.
Investment Property In Babylon - Have the tenant pay your mortgage! Great legal 2 family in Babylon Village.
For more properties like these visit my properties page.
I've got a bunch more to load onto my website too!
Ranch In West Babylon - This fabulous home features a woodburning stove that will heat the entire home, an apartment that needs to have updated permits, and an updated kitchen. Priced to sell!
Short Sale Cape In Patchogue - This fabulous home with 4 bedrooms, is a great starter home featuring hardwood floors and a private backyard. If you don't know much about short sales, call or email me.
Investment Property In Babylon - Have the tenant pay your mortgage! Great legal 2 family in Babylon Village.
For more properties like these visit my properties page.
I've got a bunch more to load onto my website too!
Monday, September 14, 2009
Long Island Real Estate Market: Monday
A monday in the Long Island real estate market is probably very similiar to that of any monday anywhere across the country. It's the day that begins and ends with a laundry list of items to tackle.
For me, it actually begins on Sunday when I tabulate and organize my schedule for the week. Although I stick to a pretty regimented schedule of prospecting, and I hold to certain hours of the day specifically dedicated to developing new clientele, there's always something that tries to get in the way of this schedule.
I do my best to fight off the urges to tackle something that's not in my schedule. I plan for what I call "Listing Maintenance", which can include working for my current selling clients or my buyer clients. So if I have to fax an offer for a buyer client, I do that during this time.
I plan ahead.
So while my Monday began on Sunday, I sit here this morning to type up a quick blog post and realize, this was a part of my Monday plan. Feels good to be following the schedule!
For me, it actually begins on Sunday when I tabulate and organize my schedule for the week. Although I stick to a pretty regimented schedule of prospecting, and I hold to certain hours of the day specifically dedicated to developing new clientele, there's always something that tries to get in the way of this schedule.
I do my best to fight off the urges to tackle something that's not in my schedule. I plan for what I call "Listing Maintenance", which can include working for my current selling clients or my buyer clients. So if I have to fax an offer for a buyer client, I do that during this time.
I plan ahead.
So while my Monday began on Sunday, I sit here this morning to type up a quick blog post and realize, this was a part of my Monday plan. Feels good to be following the schedule!
Thursday, September 10, 2009
9/11
So it's 7:58pm on 9/10/09.
As 9/11/09 approaches, I am reminded of the horrors of that day and am realizing how important each and every day is, to make it the best day it can be.
I am reminded of how important it is to be self reliant and constantly aware that I make the day what it is.
I am reminded of how important my family is and how much I love them.
I am reminded of those families that lost on that day; a friend, a lover, a brother, a sister, a relative...and that 9/11 is a day to always put these people and the loved one's lost, in my prayers.
I am reminded of those steel beams making the sign of the cross amid the destruction.
I am reminded of my best friend who spent, along with the rest of his FDNY brothers, the subsequent months cleaning up the site, and attending funerals for the fallen…with empty caskets.
I am reminded of the importance of remembering this day and respecting it for what it was and is…a day that should be and always will be…remembered.
As 9/11/09 approaches, I am reminded of the horrors of that day and am realizing how important each and every day is, to make it the best day it can be.
I am reminded of how important it is to be self reliant and constantly aware that I make the day what it is.
I am reminded of how important my family is and how much I love them.
I am reminded of those families that lost on that day; a friend, a lover, a brother, a sister, a relative...and that 9/11 is a day to always put these people and the loved one's lost, in my prayers.
I am reminded of those steel beams making the sign of the cross amid the destruction.
I am reminded of my best friend who spent, along with the rest of his FDNY brothers, the subsequent months cleaning up the site, and attending funerals for the fallen…with empty caskets.
I am reminded of the importance of remembering this day and respecting it for what it was and is…a day that should be and always will be…remembered.
Wednesday, September 9, 2009
Long Island Homes For Sale: Broker Price Opinions Are Off The Charts!
For any Long Island homes for sale on the market right now, a big challenge is competing with short sales and especially foreclosures. I can't believe the amount of Broker Price Opinions (BPO) are pouring into my office right now. It's startling to say the least.
Basically a BPO is an evaluation by a broker/agent of a home that is in the process of foreclosure. The BPO is completed to let the bank know the fair market value of the property for various reasons.
What I'm seeing is just scary. Every type of home, from the Hamptons to Deer Park, I am seeing every type of owner in trouble. I just recently completed a BPO for a waterfront home in West Islip. A few years ago, that would be so infrequent. Now, it's common.
Since the middle of August, 2009, I have completed over 30 BPO's. And I'm not a BPO company, although I'm thinking about it!
Long Island homes for sale right now are losing value on a month to month basis. My last update on the Long Island real estate market will show that. But these BPO's mean only one thing...that foreclosures are coming. And the numbers are going to be simply mind-boggling.
Basically a BPO is an evaluation by a broker/agent of a home that is in the process of foreclosure. The BPO is completed to let the bank know the fair market value of the property for various reasons.
What I'm seeing is just scary. Every type of home, from the Hamptons to Deer Park, I am seeing every type of owner in trouble. I just recently completed a BPO for a waterfront home in West Islip. A few years ago, that would be so infrequent. Now, it's common.
Since the middle of August, 2009, I have completed over 30 BPO's. And I'm not a BPO company, although I'm thinking about it!
Long Island homes for sale right now are losing value on a month to month basis. My last update on the Long Island real estate market will show that. But these BPO's mean only one thing...that foreclosures are coming. And the numbers are going to be simply mind-boggling.
Long Island Real Estate Market: Buyer Updates Galore
Part of being a good buyer agent in the Long Island real estate market is keeping the buyer's up to date on everything that's happening in a given area. Despite the vast number of listings on Long Island, for the few buyers that are out there (in comparison to the number of homes for sale), finding a home is fierce competition.
The "good houses" go quick! What do I mean by "good houses"? A "good house" is one that's hot because it's priced right, has certain features like a very clean and move-in condition or nice new hardwood floors or an updated kitchen or baths.
I find myself updating buyers on a more frequent basis now, than ever before. The appetite for that next "great listing" is very high and every buyer out there is licking their chops waiting for the next home to hit the market.
Multiple offers on a "good house" is still very common. Buyers still want a good home to buy. Just because the price on a home has come down 20% doesn't mean it's a good deal.
I use listingbook to keep my buyers updated throughout the day because listingbook is updated every 30 minutes directly from MLS, so if something new happens on the market, my buyers are the first to know about it.
If you're out there, looking for a home to buy, you've got to have an agent who can provide you with updates that matter and could mean the difference between you getting the house you want...or missing out on that next great home!
The "good houses" go quick! What do I mean by "good houses"? A "good house" is one that's hot because it's priced right, has certain features like a very clean and move-in condition or nice new hardwood floors or an updated kitchen or baths.
I find myself updating buyers on a more frequent basis now, than ever before. The appetite for that next "great listing" is very high and every buyer out there is licking their chops waiting for the next home to hit the market.
Multiple offers on a "good house" is still very common. Buyers still want a good home to buy. Just because the price on a home has come down 20% doesn't mean it's a good deal.
I use listingbook to keep my buyers updated throughout the day because listingbook is updated every 30 minutes directly from MLS, so if something new happens on the market, my buyers are the first to know about it.
If you're out there, looking for a home to buy, you've got to have an agent who can provide you with updates that matter and could mean the difference between you getting the house you want...or missing out on that next great home!
Tuesday, September 8, 2009
Long Island Real Estate Market: Crash
So has the sky really fallen on the Long Island real estate market?
I got news for you. If you're asking that question now, in September of 2009, you're in big trouble.
Just the other day I had a seller call my office and we had a very nice chat. To make a long story short, he asked me that question about the Long Island real estate market.
I of course was very nice and we ended up having a nice chat, but I felt like saying, "Does a bear sh*t in the woods"....and, "What rock did you just crawl out from under?"
Of course, I didn't want to offend him, so I took him through the process of learning about the market. I told him about my website, www.tommcgiveron.com and instructed him to visit it and read up on the Long Island real estate market.
I think he visited already. I had a ton of hits on it in the last day or so. He had to be one of them.
I got news for you. If you're asking that question now, in September of 2009, you're in big trouble.
Just the other day I had a seller call my office and we had a very nice chat. To make a long story short, he asked me that question about the Long Island real estate market.
I of course was very nice and we ended up having a nice chat, but I felt like saying, "Does a bear sh*t in the woods"....and, "What rock did you just crawl out from under?"
Of course, I didn't want to offend him, so I took him through the process of learning about the market. I told him about my website, www.tommcgiveron.com and instructed him to visit it and read up on the Long Island real estate market.
I think he visited already. I had a ton of hits on it in the last day or so. He had to be one of them.
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