Nothing on the market-

Hello sellers……..if you are on the fence about selling or holding your property in NYC…SELL!

The fact of the matter is that I have over 40 different buyers that are dying to buy an apartment and unless they jump at a property the minute it comes on the market, it will be gone.

If you walk into any real estate office and ask any agent (or at least the ones who are paying attention to the market, they will say the same thing. ) Inventory is tight and has dropped by almost 25% from the third quarter 2011 to the third quarter 2012. If you don’t believe me, just look at Douglas Elliman’s third quarter report.

Normally, when working with buyers, there is always a stream of new inventory coming on the market…

Right now, there is very little and the ones that do come on get 20-40 groups at the 1^st and 2^nd open house with multiple offers.

So Mr. and Mrs. Seller……the time is now:

Inventory is low

Mortgage rates are low

And we are here to help!

Have a wonderful fall season and let us know if we can help in any way!

pzweben@elliman.com