07/04/2021
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this June than in June of 2020.
These buyer needs give the seller tremendous leverage. Most already realize this leverage enables the homeowner to sell at a good price. However, this leverage may also be used to negotiate time to find their next home. The homeowner could sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. In return, the buyer might lease the house back to the seller for a pre-determined length of time while the seller finds a new home or has one built.
This gives the buyer what they want while also giving the seller what they need. It’s a true win-win negotiation.
Reach out to your Local Agent:
718-987-7900 - Corporate Office
718-605-9300 - South Shore Staten Island Office
718-748-7000 - Brooklyn Office
212-601-8800 - NYC Office
732-845-3200 - New Jersey Office
www.DeFalcoRealty.com
The Robert DeFalco Name has been Synonymous with Success for over 25 years .....
