State of the market
by Jacques Ambron
Sep 29, 2020 | 2915 views | 0 0 comments | 210 210 recommendations | email to a friend | print
Jacques Ambron is executive director of sales for Brown Harris Stevens Forest Hills, LLC.
Jacques Ambron is executive director of sales for Brown Harris Stevens Forest Hills, LLC.
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Q: What are the current conditions in the local real estate market?

A: Since real estate activity resumed three months ago, post-quarantine, the market has steadily improved in Queens. There is still very brisk activity, and there are quite a number of properties being sold.

The market is still in recovery, and prices are holding steady. I would suggest speaking to a real estate professional to discuss the current market for your home. In addition, as I always recommend, obtain a comparative market analysis to determine the right price.

Bear in mind, however, that market conditions can shift rapidly with the upcoming election.

Q: Are virtual tours taking the place of in-person showings?

A: More and more buyers are asking for virtual tours initially. Speak to your real estate agent about creating a virtual tour for your home.

Ultimately, buyers use these tours as a pre-visit viewing to help determine their interest. However, generally they would want to visit the actual property before making a decision to buy.

In-person showings are allowed now, with all proper health and safety precautions in place for sellers and buyers.

Please send your real estate-related questions to jambron@bhsusa.com.
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