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Melissa Rubenstein is a residential and commercial real estate agent at Christie’s International Real Estate in Northern New Jersey. For the past 18 years, she has had her thumb on the pulse of what happens in real estate across the country. She is also an expert in divorce, her practice lending the relevant know-how to help clients navigate the challenges of buying and selling property. Melissa shares insights on current market conditions, and gives advice on how to get top dollar for your property when selling.
- During the thick of the pandemic, interest rates in the real estate market dropped to historic lows of around 2.5% – 3%. Many people took advantage of this amazing opportunity to buy their first home, but the result of that was scarcity of inventory.
- Prices are softening in luxury markets. With the lifted restrictions, people have resumed commuting to work, so they aren’t spending as much time in their homes.
- Investors should consider whether it’s a good idea to flip a house in the current market climate. Houses that need to be renovated are at price points that have investors competing against first-time home buyers.
- Doing a pre-listing inspection for divorcing sellers ensures there are no surprises. You can negotiate before bringing in a buyer. Having two sellers negotiate inspection items is a lot easier than having two sellers who may not be communicating.
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