New York is the largest city and the most misunderstood housing market in the nation. Sellers think that the market in New York has held up rather well and ask a lot for their property. Most buyers look at the listing price, laugh and just walk away.
The result has been very low sales volume at prices that cause many analysts to shake their head in bewilderment. This report is written to help both buyers and sellers. If you are a potential buyer, you will learn why you need to be extremely careful to avoid overpaying on a property.
If you are an active or potential seller, you will learn why asking prices throughout NYC are too high and why you must carefully determine a listing price that will actually entice buyers.
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