Myths and Realities About the Long Island Real Estate Market..., RE/MAX Signature Real Estate in Babylon New York

Myths and Realities About the Long Island Real Estate Market...

Exactly HOW challenging is the current real estate market? According to most media outlets, the news is all "doom and gloom"...but the realities of the market aren't necessarily what you're hearing...

MYTH: "Homes Aren't Selling"

FACT: Actually, about 25% of all homes listed for sale in Suffolk County DID sell in 2008, and we expect that percentage to increase in 2009.

MYTH: "If I wait until the Spring, prices will come back up"

FACT: With most areas of Suffolk County showing declines in home values, waiting is likely to cost the average homeowner thousands of dollars

MYTH: "Nobody's buying houses now"

FACT: While certainly below the levels of 2005, we are still experiencing moderate to brisk buyer traffic, particularly in the starter home price tier.

MYTH: "You Can't Get a Mortgage Anymore"

FACT: Absolutely untrue! While lending guidelines have definitely tightened up from past years, there is no shortage of mortgage money for any reasonably qualified buyer.

MYTH: "You need at least 20% Down to get a Mortgage"

FACT: Not true! Recent FHA changes make it possible for qualified purchasers to obtain low fixed rate mortgages with as little as 3% down

Free Neighbordhood Market Activity Alert

Available for homes, condos, townhomes, lots, etc.

Find out the sales price for the house down the street, the condo next door or the lot across the street.

With our FREE "Neighborhood Market Activity Alert," we can give you the sales prices of all recently sold properties in your neighborhood or we can give you the sales price of a specific property.

We can also provide market activity for your neighborhood by alerting you of new listings, price reductions & changes, when a property goes under contract as well as when it closes.

This is great for keeping up with the market activity in your neighborhood, especially if you are considering selling your property For a FREE, no obligation, Neighborhood Market Activity Alert, simply email us with your request.

It’s FREE and there is NO OBLIGATION! We respect your privacy.

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