How To Get The House You Want
Long Island housing prices have been increasing because of a lack of “inventory” (not enough homes for sale to meet the buyer demand).
In short, there are way more qualified buyers than their are homeowners willing to put their homes on the market. This is no secret.
So I dove into this topic to help any home buyer get the house they want in this episode of the Long Island Housing Podcast. Give a listen here.
The Key Takeaways:
- Adjust your home search criteria
- Qualify for renovation financing
- Implement negotiation tactics that help your offer get accepted
In this podcast episode, I also address the topic of whether or not we are in a housing bubble.
I am posting these statistics below which point out a few key differences between this real estate market and the housing market in 2007/2008.
Now specifically on Long Island, foreclosures and listing inventory was 10 times higher (literally) in 2008 and that ran its ugly course (for homeowners) through 2013.
The housing market on Long Island now is much more sturdy and solid. It does not mean there won’t eventually be a slow down of price appreciation, but from all indications, there is no data that suggests a housing “crash”.
Bottom line, we are not in a housing bubble and I do not like to make statements like that, but in this case, I’m in full agreement with that notion.
Please feel free to book an appointment online with me or call/text me at (631)831-9048.
Follow me at Linktr.ee/TomMcGiveron
