BROOKLYN REAL ESTATE
2017 MARKET FORECAST
The market is still moving at in incredible pace. Approximately 50% of the one and two family homes being listed right now sell in less than 30 days! In addition, over 40% of them are selling for the FULL asking price or more. It is a seller's market and prices are at record highs! Buyers are out shopping in droves and inventory (supply) is at an 8 year low. This is great news for anyone thinking of selling a home in Brooklyn.
With that being said, it is also still a great time to purchase a home, especially a primary residence. Home ownership is still the easiest road to create wealth in the United States. You still get the big income tax write off, that being the interest on your mortgage and your real estate taxes on the home. For the average family those write offs will save you over $3,500.00 per year on your income taxes (as compared to renting). Plus, with interest rates being extremely low, purchasing a home in Brooklyn is still affordable.
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 move into and through 2017. Sellers can reap the benefit of sales prices that now 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.
It is a great time to sell! Prices have now topped those during the previous height of the market back in 2007. 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 an email with your property address and I will reply within 6 hours with a FREE report showing the approximate market value of your home! I will also include a list of all the properties that have sold within a 3 block radius of your home within the past 3 months. I will also include a copy of my article & my list of "Secret Tips on How to Increase the Value of your Home When Selling". There is no cost or obligation!
Send email to: Mitch@MitchellFeldman.com
Please browse this web site for listings, virtual tours, reports, videos and important local real estate information. I would also recommend visiting my Brooklyn Real Estate Blog (the link is on the left side of this page) for a myriad of informative real estate related articles! My company web site www.Fillmore.com offers thousands of additional homes currently being marketed for sale.
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