EP 57: Is Now the Right Time to Buy or Sell an Apartment in Manhattan?
The Real Talk NYC Real Estate Podcast: Episode 57
Welcome to the Real Talk NYC Real Estate Podcast, where experienced, expert NYC real estate brokers John Gasdaska and Jonathan Conlon break down what’s happening in the market, what you need to know whether you’re a buyer, seller, or agent, and their insight into the future, with a little bit of fun along the way.
In this week’s episode, John G flies solo once again to talk about the most frequently asked question the Gasdaska Conlon Team has to navigate: Is now the right time to buy or sell an apartment in Manhattan?
Timing the Manhattan real estate market just right is every buyer and seller’s dream. Getting in at the lowest possible price and getting out at the highest possible price seems like it should be easy to finagle, for a broker with market savvy and ambition, right? But is this dream grounded in fact or fiction? John explains all this and more in this podcast.
Knowing when is the right time to buy or sell an apartment in Manhattan requires an intimate and realistic look at your personal circumstances. Even the most experienced and knowledgeable real estate brokers in the city never know quite when the next peak or dip in the market will be. She’s a fickle mistress, after all. But, with the knowledge of your personal circumstances, a broker can advise you whether or not it makes sense for you to sell your apartment or buy a new one.
When it comes to buying, it’s important to look at the long term. For example, if you’re only going to be in the city for a year or less, and then you’ll need to get your money back out of the property, it’s probably better for you to rent. Similarly, when it comes to selling, if you’re panic selling because the market is dropping, or it’s in the midst of a city-wide or global crisis, it’s probably not the best time for you to list your property.
After the episode, if you have any questions, The Gasdaska Conlon Team is here to help! Answers are always just an email, phone call, or text message away.
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