All Forum Posts by: Angela Weller

Hello Ronnie, I am a realtor with Howard Hanna in Schenectady and would be happy to help you find your first investment property. I work with a lot of investors and can also refer you you to lenders in the area. Please feel free to send me a message to discuss further.

I'm an agent in Schenectady and I work with a lot of investors. Currently we, like everywhere else, are in a crazy sellers market. Most properties sell in 24-48 hours with multiple offers way over asking price. Multi-family units are the most sought after and are usually purchased by cash buyers or those willing to pay above appraisal amounts. If you are seriously looking to buy in Schenectady right now you have to be available to look at and put an offer in on a property within 1 or 2 days of it going on the market. Basically know what you want ahead of time and submit an offer they can't refuse. There are some properties that have been sitting on the market (because they are over-priced) but are usually bad flips. Then you have the city owned properties that you can buy cheep, but the rules are more than most people want to deal with and the closing can take anywhere from 3 months to 2 years. It's tough out there for buyers, but not impossible, you just need realistic expectations. I'd be happy to answer any other questions you have.

I am a Realtor based out of Schenectady. I can tell you that the market is booming in the entire Capital District including Schenectady. We have a wave of people coming from the city, Investors, renters, and first time home buyers. There isn't much inventory available at the moment. Properties are selling within a day or two and typically for over asking. This time of year is usually slow but the market is behaving as if its spring. Honestly no-one can tell you what next year will look like but they are predicting this will continue into 2022.