This is definitely a good idea.
About timing, no one here can really tell you when is the best time, but i will suggest you to prepare yourself by determining in advance:
- Your budget
- The location(s) you have in mind
- The size and finishes' quality of your ideal investment
- If Cash deal. If not, if you can qualify for a Mortgage easily or will need referrals from a few of us.
- Hiring one Real Estate Professional to help out.
Remember, it can only be beneficial for you to work with a Professional that can protect and defend your best interests.
Feel Free to give me a call at my info below if needed.
Otherwise, best of luck with the rest.
Member of ELITE
Licensed Real Estate Agent
(o): 212.252.8772 (EXT.782)
" It is common in all businesses that the level of customer service, is usually based on income generated from that service given; which is fairly unfair to those who need just the same service of selling, buying or renting in New York City.
That's one of the reasons why we came up with ELITE. It is the highest standard level of same service given from a $2000 rental to a $40 Millions sale, and instead of treating the customers differently, we've decided to give them the ELITE service.
Let's help you with our services, no matter your budget, what you are selling or want to buy, we will give you and your referrals the same best experience ever lived. "
Yes, it is definitely a good idea as well as a great time to buy and rent out a condo in NYC. Our market has been trending up and inventory is tight, which will only cause prices to continue to rise. That is why jumping in now makes a lot of sense. At the same time, mortgage rates are still low, though beginning to rise, so taking advantage of these historically low rates now is also wise. It is a strong rental market as well, so you should not have difficulty renting out the condo once you purchase it.
Please feel free to contact me
646 593 7207