Charles Rutenberg Realty
Finest Home Sales
If you've been shopping for houses you already know; the market is on fire in the vast majority of Queens (no big deal here, it seems the market is always on fire in Queens), Nassau and Suffolk. Buyers got spooked by the rising interest rates and have come out in force, meanwhile for whatever reason homeowners aren't looking to sell in the numbers needed to balance the market. The result is a market which hasn't been this hot since before the bubble burst.

Which brings me to my next point. I think we are in another bubble which will burst by the end of summer. The driving forces beyond this bubble are an overwhelming amount of almost hysterical buyers who feel they have to get something and quick or they won't be able to afford anything soon due to rising interest rates and rising prices (a self fulfilling prophesy). This has resulted in bidding wars on homes that couldn't get an offer a year ago. Many homes have multiple offers over asking price. Last year if you put in a full price offer you almost assuredly got the home, this year I've seen full price offers not even get you in the race.

If you are buying and can afford to wait until July, then wait. I strongly believe that the longer term trends are in your favor. If you are thinking about selling in the next year or so, move it up and list today or you may be on the wrong side of a burst bubble. I'm free all day today, call me and we can have you listed today.


Thomas Brady SFR, e-PRO, SRES, BPOR
Licensed Real Estate Associate Broker
Notary Public, Retired N.Y.P.D. Lt.
Charles Rutenberg Realty
631-682-8660
Tom230@aol.com
FinestHomeSales.com


 
 

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What my clients are saying  

"Mike is a pro, he put his real life experience as an investor to work for me and I made a tidy profit. Mike thinks like an investor and a gentleman, not a realtor which worked great for me."

 

~ Jeff from Bellmore

"I had dealt with other real estate agents over the years that I felt took advantage of my ignorance, Tom educated me. He provided me with top notch service in the sale of my home. I would never work with another real estate agent; take my word for it you will not get better service."

 

~ Mike from Merrick

"Tommy treated me like a gentleman and the whole home buying process became painless."

 

~ Frank from Sound Beach

"We had to wait several months to work with Tom because we signed an exclusive agreement (never again) with another realtor who was terrible. Once that expired we shopped around and found Tom through a friend; this was the best decision we could ever make. He not only doesn't use exclusive buyer agreements but he was able to put us in touch with some mortgage professionals who helped us improve our credit so we could buy a home. You can't go wrong with Tom."

 

~ Violet from Bay Shore

"Victoria was very pleasant and responsive to us. As older homeowners we didn't want a realtor who might take advantage of us. Victoria was honest and patient with us the whole time. We highly recommend Victoria."

 

~ Jane from Commack

"Victoria showed me a lot of houses, she was very patient and taught me a lot about the process. I definately recommend Victoria."

 

~ Diandra from Selden

"Mike thinks of angles other realtors can't even understand. He uncovers value where others see nothing. He seems to have a natural talent for unearthing hidden gems. I could go on, but basically he amazes me in a very profitable way."

 

~ Allan from Flushing

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