One of the hottest real estate markets in the United States right now is upstate New York. Here's your guide to the housing market:
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New York City has long had some of the highest property prices. While the city has been recovering from the pandemic, many people are looking to escape to more rural areas of the state. Here’s what you could end up paying for some of upstate New York’s most popular towns: Mary Lou Pinckney, director of corporate relocation for Select Sotheby’s International Realty Q: What is life like for a realtor in upstate New York right now versus before the pandemic?
I’ve missed out on at least four offers because the sellers accepted higher prices or better terms or both. For instance, [buyers] waive inspections or pay cash to escape a bank appraisal.A: The most expensive house I just closed on was $3 million. We had many parties interested, but the couple that purchased it moved quickly, as to not get into a competitive bidding situation and they put a very large down payment with the contract.A: We have had foreign buyers.
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