Most residential moves take place between Memorial Day and Labor Day. So - amid talk of a weakening real estate environment - how is this moving season shaping up? In New York City, apartment sales are holding their own but there are some troubling signs. Recent activity shows an annualized 5% to 10% gain in both transactions and apartment prices. Good, right? Yes, but not compared with a 25% increase in both areas in the same quarter last year. Also, apartments are taking longer to sell (with averages up to 130-140 days compared to 90-100 days in 2004-2005) and the number of listings have ballooned (6,900 co-ops and condos on the market versus 4,300 a year ago). Sound like a good time to buy? Perhaps, but consider that average apartment prices in New York City have remained roughly the same: $423,659 for a studio; $700,201 for a one bedroom; $1,491,060 for two bedrooms; $3,295,963 for three bedrooms, and $7,175,170 for four bedrooms!
The first thing you need to do when preparing to move is to determine how much you want to do yourself -- everything, nothing or somewhere in between. Your budget and desire to save some money will likely impact your decision. When selecting a moving company, make sure to ask friends and family for suggestions. Whatever you do, don't simply go with the lowest bid. If the price seems too good to be true, it probably is. Always ask for (and check!) references before selecting the moving company that is going to help you move. Quick calls to your local Better Business Bureau and State Moving & Storage Association will also be well worth your while.