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Updated about 5 years ago on . Most recent reply

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163
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Dale Miller
  • Real Estate Agent
  • Buffalo, NY
28
Votes |
163
Posts

Seller's market until....

Dale Miller
  • Real Estate Agent
  • Buffalo, NY
Posted

When is it going to be a buyer's market. It seems like sellers are wanting inflated prices for properties that need all kinds of work. Has anybody seen an uptick in better deals in the Buffalo NY area

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3
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5
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Michael Woods
  • Lender
  • New York State
5
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3
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Michael Woods
  • Lender
  • New York State
Replied

Re: Sellers Market. 

I predict that post Covid there will be some investors that will want to divest some of their real estate portfolio for diversification purposes. Also, the new NYS landlord / tenant laws  have not been in effect for a full year. I can see some of the less capable landlords that have bad tenant relations or own properties that have deferred maintenance wanting to get out of the game.  I would love to see a post Covid  market  that slightly favors investors.     

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