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The pandemic has changed our lives in many dramatic ways, and it's also had a huge impact on the NYC Metro real estate market, including many parts of NJ. As a busy buyer's agent, I'm seeing "highest and best offer" situations all over the place. The market is very competitive, especially for well-priced properties. Demand is very strong, despite the steady stream of scary national headlines. This is largely driven by historically low rates (30 yr average mortgage rates are now below 3%!) combined with the twin goals of getting out of crowded cities and neighborhoods and finding more indoor and outdoor personal space. Throw in the fact that inventory remains low, and you end up with a lot of multiple-offer situations and bidding wars.
So in this episode, I discuss important ways to make your offer stand out in this real estate environment. If you're hunting for your first property, this is an episode you cannot miss!
Thanks for tuning in!
Your host,
Max Vishnev
NJ Realtor + real estate investor
Compass RE | The VIP Team
c: 718-306-2687
Please follow me on Instagram @max.vishnev
Theme music copyright:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/
The pandemic has changed our lives in many dramatic ways, and it's also had a huge impact on the NYC Metro real estate market, including many parts of NJ. As a busy buyer's agent, I'm seeing "highest and best offer" situations all over the place. The market is very competitive, especially for well-priced properties. Demand is very strong, despite the steady stream of scary national headlines. This is largely driven by historically low rates (30 yr average mortgage rates are now below 3%!) combined with the twin goals of getting out of crowded cities and neighborhoods and finding more indoor and outdoor personal space. Throw in the fact that inventory remains low, and you end up with a lot of multiple-offer situations and bidding wars.
So in this episode, I discuss important ways to make your offer stand out in this real estate environment. If you're hunting for your first property, this is an episode you cannot miss!
Thanks for tuning in!
Your host,
Max Vishnev
NJ Realtor + real estate investor
Compass RE | The VIP Team
c: 718-306-2687
Please follow me on Instagram @max.vishnev
Theme music copyright:
Feelin Good by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/3744-feelin-good
License: http://creativecommons.org/licenses/by/4.0/