Why is NOW the best time to start buying a property in Manhattan?
Based on a real estate search firm report, the average listed home price is still low in Manhattan. The average rate for a 30-year fixed mortgage was 4.95 percent this week, up from 4.88 percent a week earlier, and 15-year fixed-rate mortgage last week was 4.21percent, and this week was 4.27percent, according to a MortgageLoan.com report on 03/09/2011.
For 1st time buyers, buyers and investors, now the inventories are around 20% lower from all time high. Real estate is a long-term investment opportunity. In this shifting real estate market, you may be able to purchase investment real estate that will secure your financial goals for the long term. It is possible to make much profit out of this market, if you find a property with a good location, such as a good school district, etc. Therefore, when the housing prices go back up, you can sell it for a good price. Also for investors you will have no problems in finding renters to rent the home if you purchase in a renters’ high demanding building in Manhattan. So don’t miss this opportunity.
We are highly experienced brokers and work day-in and day-out every day, primarily in Manhattan neighborhood. We have the experience and resouroes to assist with what may very well be the most important transaction you make in your lifetime. If you aren’t sure of the purchase the real estate in Manhattan from downtown to uppertown (New York City), please contact us, at 917-603-9150 (Stephen) or 516-320-0231 (Diana). We will work hard to reach your real estate goal. You will receive a hassle-free real estate purchase process. To learn more about our customer-designed, visit our website at http://dianawu.gmragent.com/ to receive a complimentary discuss any real estate topics, please contact us today.
Reaching out to others in the real estate community and sharing ideas is the goal of this blog, so please do not hesitate to reach out to me. All comments are welcome. Also, please feel free to email me at anytime at firstname.lastname@example.org