Written by: Robert Varvara at The Corcoran Group One question we get asked frequently as Real Estate professionals is, “what is the state of the market”? The truth is we are in reset mode, where buyers and sellers are trying to discover what value really is. The downturn has hit every facet of the market from $500,000 Co-ops to $10,000,000 Condos and it is unknown how long it will take to surpass the peaks of 3-to-4 years ago. We are…
Category: Expert Info
Tips for Buying and Renovating a Fixer-Upper Home
There’s usually an element of risk in purchasing any new property. Things are a bit different when it comes to buying a fixer-upper, a house that needs a lot of work to make it the kind of home you’ve always wanted. Most fixer-uppers are a gamble. You could end up with a dreaded money pit or a profitable investment that your own blood and sweat, not to mention money, transforms into a dream come true. The buying process is…