The Buyer’s Dilemma: Buy Today Or Buy Tomorrow?
We are, no doubt, in a buyers’ market. Prices have fallen significantly since the beginning of the year across all sectors. Meanwhile, buyers are certainly taking their time looking at properties and placing offers, with no measurable sense of urgency at all. Why? Buyers are still on the fence about whether this is the best time to buy or not. A lot of them are asking themselves whether it would be more affordable to wait six months when properties might be 10 percent cheaper, but interest rates are higher. Or is it better to buy now while rates are still low?
The truth is, it’s better to buy today. Some sellers have been on the market for so long that, in many instances, they’re extremely negotiable. And, if you can take advantage of the still historically low interest rates today, as well as the negotiable deals available, you can truly have the best of both worlds: low prices and low interest rates.
And prices never stay low in Manhattan for long. Once there is the mere suggestion of a “buyers' market”, buyers move into the market quickly and snatch up what’s available. Then, before you know it, prices are climbing back up again for the next cycle. It happens quickly — just ask anybody who was trying to time the market in 2009, 2010, 2011… They waited a few more years and, all of a sudden, the cycle was over. So, if you’re interested in purchasing a property, get out there and find the one you want, make an offer and get the deal done. Today is the day to buy.
Winter Village at Bryant Park
November 1, 2018 - January 2, 2019
Immerse yourself in the holiday spirit at Winter Village in Bryant Park. Starting November 1, the holiday market features 150+ vendors as well as free ice skating. For more information, click here.
Holiday Train Show
November 15, 2018 - February 3, 2019
History and train enthusiasts alike will enjoy the Holiday Train Show, set up inside the New York Transit Museum Store. The installation features a 34-foot-long model train layout with trains and subways that run on eight loops of track. You can read more here.
The Nutcracker
November 23 - December 30, 2018
Enjoy a holiday tradition with George Balanchine’s The Nutcracker, which returns on November 23. With old-fashioned costumes, a tree that grows before your eyes, and Tchaikovsky’s captivating music, the ballet is hosted at David H. Koch Theater. Buy tickets here.
Rockefeller Center Tree Lighting
November 28, 2018
Join thousands of spectators in awe for the annual lighting of the Rockefeller Center Tree. Free and open to the public, the ceremony will occur on November 28th. Read more about this historic tradition here.