Long Island real estate now a seller's market

Real estate salesperson Tal Berke sets up for an open house on Ocean Road in Bridgehampton on Saturday, March 19, 2016. Credit: Veronique Louis
Spring brings more than flowers. It’s also the kickoff for the home selling and buying season.
What can home sellers expect? “For the first time, in a very long time, Long Island is in the midst of a seller’s market,” says Joe Moshe, a broker/owner of Charles Rutenberg Realty in Plainview.
With interest rates still low, but rising, there could also be a sense of urgency.
What’s crucial to get top dollar for your home?
- Be sure the price is right. “If a property is priced properly, is well cared for, and if the seller is realistic about terms and conditions, there should be multiple bids,” says Moshe. “The key to a fast sale with the highest price is to make sure the house is appropriately priced immediately upon listing it for sale.”
- Use technology. Brian Berkowitz, a Hewlett photographer specializing in real estate, says in the past few months he has started shooting “immersive” virtual tours of homes.
- Set the stage. Sissy Lappin, co-founder of Listingdoor.com, says that, with the rebounding real estate market, sellers must distinguish their property from the competition. Rethink staging — start with curb appeal. Know the desired buyer and stage your home accordingly. Then, from the moment the door is open, saying no should be difficult.
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