Kew Gardens Coops Sell or Hold?

Kelly Spring
Both Buyer and Seller
Kew Gardens, Queens,...

I own a 1 bedroom on Union turnpike and Park Lane. I want to sell. They were selling for 230k last year at this time, now I see listings in the area for 200k. Should I sell or wait?

Answers (2)
First to answer: Verna
Stephen Mahabir
Broker
Valley Stream, NY

This question requires a two way discussion Kelly. I would be more than happy to speak with you in person. please contact me by phone or visit my website at http://www.stephenmahabir.com

Sat Nov 22 2008, 10:37
Verna
Agent
Queens, NY
FIRST ANSWER

You say " I want to sell", my opinion is that it's all relative. If you hold now (in hopes that prices rise) to buy later, your new property would cost more as well. It depends on why you want to sell and where you plan on going. If you don't have much of a mortgage and can calculate some gains, you're ahead of the game.
Certain neighborhoods have change dramatically in price. When I was first buying (before becoming an agent) Forest Hills was out of my price range so I moved to Jackson Hieghts to get more space for my money and closer to Manhattan. Now, I can sell in JH and buy in Forest Hills for less! (I'm speaking of coops only) Go figure.

Thu Jun 19 2008, 20:12

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