Tuesday, June 13, 2006

Long Island Market is Changing Rapidly

Having been in the real estate market place since the mid 80's I have always tried to keep a trained eye on market conditions and changes that may be occurring. Right now this Spring market has been off to a rather slow start. Inventory has been substantially increasing and buyers have been sitting on the sidelines waiting to see how this market is going to shake out. Recently we were able to negotiate a $395,000 price on a lovely newly sided high ranch in a very desireable part of Lindenhurst which had originally been priced at $445,000. Every day we get notices of price changes which means sellers are willing to take less money than they previously thought they would get. For all of the buyers sitting on the sidelines now is the time to start testing the waters. You never know what kind of good deal you can get until you try.

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