HomeSmart Premier
Finest Home Sales
Sorry for the lack of a blog post in a while I had a death in the family but I'm back on track now. The Spring market is picking up where we left off i.e. a seller's market. Lack of inventory more so than excessive demand is fueling this market. I expect April to even the amount of buyers and sellers somewhat. Currently you have many homes receiving multiple offers and selling for over asking price, however many home owners have taken the seller's market too literally and are way overpriced to the point that they get few showings and no offers.

Looking forward I believe the Long Island housing bubble will be crashing towards the end of the summer. The double whammy of increasing interest rates and the coming of the new tax laws will prove too much to overcome. I think you'll see a correction of between 10- 20% by the end of 2018, let's hope I'm wrong.

Action plan for buyers: jump on listings the day they come out if they look fairly priced and fir your needs. Many buyers will see a listing on Monday, make an appointment for the weekend with their agent and it's already gone; buyers are not in the driver's seat right now. Just as important for buyers, know what you want to pay for a home and don't get caught up in bidding fever and be in an underwater home in a few months.

Action plan for sellers: list TODAY. Many home owners are waiting for April to list their homes, get a jump on them and list today while the imbalance of sellers to buyers is greatest. We offer a full service listing package for only 4%.

Thomas Brady SFR, e-PRO, SRES, BPOR
Licensed Associate Real Estate Broker
Notary Public, Retired N.Y.P.D. Lt., U.S. Air Force Veteran
HomeSmart Premier Living Realty
631-682-8660
Tom230@aol.com
FinestHomeSales.com
LIHousePrices.com

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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