Open floor plan features high ceilings, 3 sliders to stone patio overlooking pool and a high-end kitchen with custom cabinetry. The over-size primary bedroom en suite has private bath with 2 sinks, shower and whirlpool tub. Full basement, gorgeous backyard with stone patio, pergola, and vinyl in-ground pool all on .69 partly wooded acres.
$599,000 | ML#3457547
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A Unique Opportunity Awaits You On This 2 Plus Acre Property To Build Your New Luxury Home On A Cul-De-Sac, And Bordering A Private Beach On The North Shore Of Long Island. Spectacular Seasonal Water Views Of The Long Island Sound And Direct Access To A Magnificent Private Beach.
$4,999,000
Gourmet kitchen with sweeping quartz countertops, quality appliances and a waterfall centre island. Open-plan living and dining room, stone patio with a built-in BBQ. Oversized master suite with ensuite. Three more bedrooms, as well as a full bath and a half bath. The beautiful backyard has a sparkling swimming pool.
$799,000 | MLS#3448692
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A seamless integration of classic architecture with contemporary finishes. Breathtaking designer kitchen, den with exposed brick & stone with custom milled 1′ wide Oak and Cherry floors and fireplace. Guest quarters on 1st floor. The finished/walk-out basement offers a sliding door to lower patio, bedroom with fireplace, bath, laundry room & great entertaining space.
$1,586,000 | MLS# 3440720
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Newly renovated kitchen with a 6 burner Viking stove and top of the line Stainless Steel appliances. A Guest bedroom with ensuite on the first floor. The second floor has a primary bedroom with primary bathroom. Four additional bedrooms, three full baths on the second floor. The finished basement has 2 separate gym spaces, entertainment area, office and full bath.
$2,699,000 | MLS#3446425
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By Michael Ardolino
There is optimism and opportunity in the current real estate market.
What’s trending
Mortgage rates hovered in the 6% range over the last two months after peaking at 7.08% last fall, according to FreddieMac’s Primary Mortgage Market Survey. As of Thursday, Feb. 9, FreddieMac reports a 6.12% rate. We’re now seeing more buyers infiltrate the market again who pulled out during the recent rate hikes. Renewed opportunity for a larger buyer pool means you may see more action for your house, and possibly more offers that will come in. As for buyers, it’s still very early, and you can get into the home you’re looking for before other buyers continue joining the market again.
“Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market,” said Lawrence Yun, National Association of Realtors chief economist.
Lisa Sturtevant, Bright MLS chief economist, also stated, “Mortgage rates fell throughout January, prompting more buyers to view properties and make offers. Inflation has begun to ease, boosting consumer confidence. Many agents and brokers are expecting a robust [housing] market, and the overall mood in the market feels much more optimistic.”
Why now?
Unemployment at 3.4%, easing inflation, and low rates improve affordability significantly. This gives your buyers more room to bid higher on your house, and as a buyer yourself, you can submit a much stronger offer than you would when rates are higher.
It’s important to understand that 6%, and even 7%, rates are still low when compared to how high they’ve gone several times in the past, and you’re still getting a great rate. Although rates dropped throughout January, there are mixed predictions about what the rest of the year will bring. Local home prices are stabilizing, while inventory remains low and is inching toward a more balanced market (see graph). Knowing the theory of supply versus demand, wise sellers can jump to put their house on the market before inventory continues to increase.
Timing, how you price your house, and guidance from a real estate professional who does research and stays up to date on the market is essential to your bottom line and how quickly your house will sell.
Takeaway
Take advantage of your built-up equity and the current market: historically low rates, easing inflation, low unemployment and low housing inventory. An experienced real estate agent who does their due diligence of research and homework, as well as stays up to date on current market trends, will make a significant impact on the success of selling your home.
So … let’s talk.
Michael Ardolino is the Founder/Owner-Broker of Realty Connect USA
Designed for elegant entertaining as well as family living. 6 bedrooms and 3 full and 1 partial baths with 4830 sq. ft.. 2 bedrooms with full bath on 1st floor provide space and privacy for guests or an office. The lower level is above ground with 10′ ceilings and an outside entrance.
$875,000 | MLS#3451298
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Some hardwood floors, custom rosewood wood floor in EIK. Formal dining room, Formal living room, Family room with wood burning fireplace. Laundry room with new washer and dryer. Private backyard deck and inground heated pool. Full basement with storage and finished area featuring woodshop.
$649,900 | MLS#3442946
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Gorgeous Gourmet Chef’s Kitchen With Granite Countertops, Viking Appliances & Butcher Block Moldings. Living Room/Den With Fireplace, Sunroom Off The Kitchen. The Primary Bedroom/Bathroom Suite On Main Level With Two Additional Bedroom Suites On The Second Floor Along With A Full Bathroom. The Lower Level Is Complete With Kitchen, Den, Bedroom, Full Bathroom With Separate Entrance.
$1,450,000
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Spacious updated 4 BR 2 Bath Ranch, HW floors, Andersen windows, skylites, full basement partially finished, 3V schools, close to RR and Stony Brook Univ.
$950,000 | MLS# 3422211
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