INVESTORS EN MASSE IN MERRICK, NY 11566

By
Real Estate Agent with Charles Rutenberg Realty Inc. "Said and Done!" NRDS ID#641625055
http://actvra.in/LF9

 

INVESTORS EN MASSE IN MERRICK, NY 11566

 

IN THE AFTERMATH OF SUPERSTORM SANDY, NEW YORK REAL ESTATE DIED.

Abraham Maslow's Hierarchy of Needs teaches us that until the basics of air, food, drink, shelter and warmth are met, we can't possibly concentrate on anything else.  jill sackler

Fast forward two weeks coupled with a seasonally mild couple of days and the phones are ringing off the hook. Investors are coming out of the woodwork to see if they can pick up a steal in areas devastated by the storm.

Some displaced owners have become completely overwhelmed by what promises to be a long and tedious process. The time, cost and effort that will be necessary to rebuild the homes has them feeling confused and at a loss for direction. They may prefer, instead, to accept a lower selling price on their house just for the convenience of transferring title "as is."

Sticker shock may be the only downside to this arrangement. Homeowners may not be prepared for the lowball offers that are coming in from these mainly all-cash investors. Fair market value will be difficult to determine in light of all the destruction. Still, for some, it will be the perfect solution to this emotionally draining event.

On the South Shore of Long Island, as well as in other parts hard hit by Sandy, real estate has been impacted in myriad ways. It may be some time before we know how long it will take to get back to normal.

 

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CHARLES RUTENBERG REALTY INC.  *****  "SAID AND DONE"  *****

ABOUT THE AUTHOR:  Senior Real Estate Specialist

Jill Sackler, NYS Licensed Agent based on Long Island's South Shore
 
 

Jill Sackler

 

 

  

     Specializing in Lifecycle Real Estate Transitions

"When your family doesn't fit your family home, I can help."
 
 
 
 
 
   
   

   

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Rainmaker
98,892
Kathleen Garvey
Coldwell Banker - Denver, CO
Denver's Neighborhood Expert - Listings & Sales

Hi Jill...Many people don't realize how difficult life can become after a severe storm like Sandy.  Having grown up in Florida and lived through more than a few Hurricanes, I understand.  Life stops. The buzzards start to circle and it's game on... Crazy how that works...yet it all shakes out in the end.  Glad your phone is ringing and hoping you will find additional success amidst this tragedy.

Nov 16, 2012 02:22 PM #1
Rainmaker
821,547
Mike Cooper
Winchester Real Estate Sales, Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Pro

Jill, I am very impressed that you quoted Maslow's Hierarchy of Needs.  Not a lot of folks out here would know that, but it's a good source to reference.  The sad truth of a crisis like that part of the country faced is that it always brings out the vultures.  Good luck with that. 

Nov 16, 2012 02:22 PM #2
Ambassador
1,133,663
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Your Guide to Joyful Colorado Living!

Jill,  I'm sure there are lots of people looking to find the deal of the century.  Hope it gets back to normal soon.

Nov 16, 2012 03:34 PM #3
Rainmaker
1,021,659
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I pray for all those that are living this crisis. For many, there lives will never be the same. It will take a long while for many to get back to a "normal life".

Nov 17, 2012 04:00 AM #4
Rainmaker
1,541,587
Lawrence "Larry" & Sheila Agranoff. Call 631-805-4400 (c)
Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Jill, So many people were displaced and so many sad stories out there. It's too bad that these "investors" are already trying to take advantage of this awful situation!

Nov 17, 2012 04:53 AM #5
Rainer
154,881
Andrew Capelli
Fidelity National Title - Troy, MI

Jill: Interesting post.  I have mixed feelings about the cash investors.  On one hand, I don't like seeing anyone profit on another's misfortune.  On the other hand, it could be a very nice, quick out for some families for whom the ready cash more than offsets having their lives on hold.  Ah well- all part of the quest for self-actualization, eh?  Thanks for sharing!  :)

Nov 19, 2012 10:44 AM #6
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Rainmaker
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Jill Sackler

Long Island's South Shore Real Estate Agent
Long Island Living - Where Memories Are Made
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