Capital Region Legal News

Friday, January 22, 2016

Early Reports Indicate 2015 Was a Good Year for the Residential Real Estate Market

Have you noticed a growing number of homes in your neighborhood going on the market in the past few months? If so, you are not alone, the Greater Capital Association of Realtors has indicated that 2015 was the best year for the residential real estate market in the Albany area since the recession.

As the Albany Business Review reports, the capitol region saw a spike in residential real estate listings as 2015 came to a close:

“Pending sales of single-family homes in the Capital Region saw a 19 percent increase [over 2014], and new residential listings increased by 9 percent. The average residential sales price — $224,869 — and median residential sales price — $195,000 — stayed roughly the same.”

Will the market stay hot?

Whether the hot market will continue as we get further into 2016 is uncertain.Winter weather always plays a factor in home sales, and it is likely an interest rate increase is on the horizon. Both of these could cause the market to slow down. No matter what happens in the markets, however, the real estate team at Ianniello Anderson is always ready to step up and help our clients close the deals they need done.

Ianniello Anderson has an active and growing residential real estate practice. We credit our growth to the large number of new clients who are referred to us by past clients. Knowing that our past clients are satisfied enough recommend us to their family, friends, and neighbors is a point of pride for us, and proof of the old saying that “what goes around comes around.” We take great pains to treat our clients properly by providing the best service at the lowest prices possible. Getting new clients because we provide exceptional value to our existing clients is seeing our work come full circle.

Do you really need to hire an attorney?

A house is likely the most expensive thing you will ever buy or sell, so it is important that you have the best representation possible to help you complete your transaction successfully. From our perspective, this means hiring both a real estate agent and an attorney to work on your behalf.

Despite the market heating up, we are still hearing about a lot of people that are thinking of going the DIY (do-it-yourself) route and not using a real estate agent or lawyer. It is possible to DIY a real estate transaction, but why risk it?

 

Engaging a real estate agent can help you buy or sell property more quickly, and hiring an attorney is necessary if you want a professional evaluation of the legal risks involved. Real estate agents are not allowed to provide legal advice, so such advice is something you will only get by hiring an attorney.

Contact Ianniello Anderson Today

If you are buying or selling a home in Eastern Upstate New York, please don't hesitate to consult with one of our knowledgeable attorneys at Ianniello Anderson at 518.350.7755 where we serve clients in the Albany, Clifton Park, Glens Falls, Saratoga Springs, Troy and the entire Northeastern NY area with skill and dedication. We are responsive and respectful when our clients have a question; our rates are very competitive; and we are always ready to move quickly when necessary

 



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