Lowering Inventory: Increasing Property Values & Interest Rates. Contact Great Neck's NAR Buyer's Rep

By now everyone has their finger on the pulse of the Real Estate Market.  We’ve all witnessed sales occurring at break neck speeds, bidding wars, multiple offers, back-up offers and property values increasing beyond the most optimistic expectations; and mortgage rates are still at all-time lows.   Many of you are also suffering the; “would’ve, could’ve, should’ve” syndrome with regards to losing a property that if counseled properly, you might own right now.  Be prepared, don’t let it happen again.

You need to be dealing with an advocate who can forecast the real estate market, the trends, blips and constant factors.  Here’s what’s next:  We’re nearing the end of June 2013, much of the real estate inventory has been absorbed through sales, leaving only the most recently listed and the less desirable properties available to new Home Buyers. 

Most professionals agree that typically speaking, very few properties will be listed between July, 2013 and March 2014, when the cycle will reoccur, at which time property values are expected to increase another 5.7% nationally; much higher in the niche’ areas I specialize in: Port Washington, Sands Point, Manhasset, Great Neck and Glen Cove.  Mortgage interest rates are also expected to rise close to one percent.  If you’re selling your property, list it now, if you’re interested in buying a home, buy it now; if you’ve seen a property you like, speak to your real estate agent about submitting an offer, now. 

I’ve found over the years that buyers and their agents are reluctant to submit lower offers to homeowners, mostly because the agents that buyers are working with are representing the seller’s best interests.   That means, unless you very specifically signed an “Exclusive Right to Represent” or “Buyer Brokerage” agreement with your agent, they do not represent "your best interest."  That’s a fact.  Your agent should also have had you sign a New York State Disclosure Form for Buyer and Seller, DOS-1736-a, clearly indicating who they represent; if they haven’t, odds are it’s because they’re representing the Seller’s best interest and that needs to be disclosed as well. 

Know your Buyer Representative’s credentials and affiliations: 

Certified Buyer Reps or CBR’s, only require a one day class for their certificate without any necessary Buyer Representation experience and no professional affiliations. 

National Association of REALTORS* Accredited Buyer’s Representatives, ABR*’s, are required to take an ABR* course from NAR, plus an associated elective course, pass a national exam, (85% or above to pass), prove at least 5 closed transactions where they acted as Buyer Representatives and remain an active member of the Real Estate Buyer’s Agency Council, REBAC a subsidiary of NAR.  Also, skilled Accredited Buyer’s Representatives can negotiate directly with the Seller if they feel the listing agent isn’t presenting their client’s offer and terms as zealously as they should. 

I have 25+ years of experience as a Buyer’s Representative and know all of the intricacies of your Real Estate transaction.  “Acting on your behalf and in your best interest, I can negotiate a more favorable purchase price, better terms and a smoother transaction for your new home.”

“If you’re a Home Buyer in the:  Port Washington, Sands Point, Manhasset, Great Neck, Glen Cove areas on the North Shore of Long island, NY, contact me as soon as possible; before the drought!”

I’ll get you Pre-Approved for a Mortgage in 24 hours, while searching for your new home.

“Don’t just watch Property Values and Mortgage Rates increase, it’s time to act.

William N. Bodouva, Jr. ABR*, SFR, e-PRO, Licensed RE Broker & Owner

Tel:  516-815-6600  E-mail:  wnb@wnbre.com