BROOKLYN REAL ESTATE
FALL 2017 MARKET FORECAST
2017 has been an extremely busy year for Brooklyn real estate. Sales volume is up and homeowners who were on the fence about making a move are realizing the financial advantages this market is offering them and seizing the opportunity to make a move to improve their lifestyle.
Sales in Brooklyn have been brisk mostly due to the fact that buyers out number available homes almost 30 to 1. This imbalance of supply and demand continues to drive prices in Brooklyn upward at record levels. Most residential homes are selling within a matter of days if they are priced correctly and more often that you would think sell for the full price or more!
Perspective home buyers are also very motivated due to mortgage interest rates that are still at a virtual all time low. When interest rates are this low, it opens up opportunities for consumers buy a house now which they would not have been able to afford in the past or the future when and if rates are to go up.
Ultimately, owning a primary residence is the best way to save money and create wealth in the United States and especially in New York City, and more specifically... Brooklyn. You get a huge income tax write off (that being the interest on your mortgage and your real estate taxes on the home) that saves the average family upwards of $6,000.00 a year on their income taxes (as compared to renting).
In my opinion as a licensed real estate agent and broker in Brooklyn since 1993, our market offers much opportunity for both buyers and sellers as we continue through 2017 and moving towards 2018. Sellers can reap the benefit of sales prices that exceed the previous height of the market back in 2007 and buyers can feel confident that they are making a sound investment for their financial future.
Now is a great time to sell! Prices are the highest they have been in the history of man and your home may be worth more than you think! If you are considering selling in the near future, do it sooner rather than later because the market is on fire right now!
As a courtesy for homeowners in Brooklyn...
Send me a text or email with your name and property address and I will reply with a FREE report showing the approximate market value of your home! This will include a list of all the properties similar to yours that have sold within a 10 block radius of your home within the past 3 months. I will also include a copy of my blog article & list of "Secret Tips on How to Increase the Value of your Home When Selling". There is no cost or obligation so contact me today and find out the true value of your home in today's market.
Call or text Mitch at 917-805-0783 or
send an email to: Mitch@MitchellFeldman.com
Request me as a friend on www.FaceBook.com, add me to your LinkedIn network at www.LinkedIn.com/in/RealtorMitch and follow me on Twitter at www.Twitter.com/RealtorMitch.
Mitchell Feldman, e-Pro Realtor
Associate Broker/ FIRM Team Leader
Fillmore Real Estate, Inc.
Office: (718) 252-2000 / Cellular: (917) 805-0783
Licensed Associate Broker in New York State