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Michael Gersitz

Michael Gersitz

City of North Tonawanda Real Estate Agent

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redfin

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What Fixes are Mandatory After a Home Inspection?

A savvy homebuyer will schedule a home inspection for any home they’re serious about buying. After all, who wants to find out after moving into their dream home that the furnace is on the fritz or that termites have taken

News Bot August 26, 2020 External Articles Read more

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. Sales of newly-built homes climbed 10.1% year over year in July, recovering to

News Bot August 26, 2020 External Articles Read more

Record-Breaking Housing Market Continues: Prices Climb 11%, Pending Sales Up 15%

Key takeaways for the 4-week period ending August 16: Median home sale prices climbed further to a new all-time high of $316,375, an increase of 11% from 2019 and the largest year-over-year gain since early 2014. Pending home sales were

News Bot August 26, 2020 External Articles Read more

Home Improvements and Modifications for Aging in Place

Now more than ever before, we’re seeing more adults choosing to live at home as they grow in years, or what is known as aging in place, and maintain their lifestyle for as long as possible, rather than moving into

News Bot August 21, 2020 External Articles Read more

How to Transform a Shed into the Perfect Backyard Office

As working from home continues to become the new norm, you might be feeling like your current home office just isn’t making the cut anymore. If your office doesn’t let in much natural light, or you’re lacking the space for

News Bot August 21, 2020 External Articles Read more

How to Make an Offer on a House

Purchasing your first home is a big move. For some, it represents the independence they’ve been striving for, while others see their home purchase as a path to financial security and a way to create a safe haven for their

News Bot August 21, 2020 External Articles Read more

Luxury Home Prices Bounce Back, Rising 1.2% in Early Summer

High-end home prices are showing strength during a recession as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools. The median sale price for luxury homes in the U.S. rose 1.2% year over year to

News Bot August 19, 2020 External Articles Read more

Just 6% of Homes Held Open Houses During First Week on Market in July, Down From 16% a Year Earlier

Surging homebuyer demand has prompted some sellers to host open houses during the pandemic, but group showings remain much less common than normal due to coronavirus risk, Redfin agents say. Nationwide, 6% of homes that were put up for sale

News Bot August 19, 2020 External Articles Read more

Unseasonably Hot Late-Summer Housing Market: Prices Up 10%, Pending Sales Up 13%

Key takeaways for the 4-week period ending August 9: Home sale prices were up 10% year over year—the largest increase in over six years—to another new all-time high of over $314,000. Prices keep climbing month over month, bucking typical seasonality.

News Bot August 19, 2020 External Articles Read more

Homebuyer Interest in Rural Areas Rises, With Prices Up 11% in July

There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas. The housing market is hottest in less densely populated areas, with July data showing more

News Bot August 19, 2020 External Articles Read more

Home Prices Up 8% as Supply Fell 22% to a New All-Time Low in July

New listings surpassed 2019 levels for the first time since the pandemic began, up 3%, but failed to keep up with the rate of sales, up 5% year over year. The national median home price rose 8.2% year over year

News Bot August 16, 2020 External Articles Read more

How to Get a Home Loan: 10 Steps to Success

It’s an exciting moment when you decide to charge ahead and purchase your first home. You look forward to finding the right house in a neighborhood you like and settling in to become part of the community. Plus in terms

News Bot August 14, 2020 External Articles Read more

Homes Flying Off Market at Record Pace—46% Accept an Offer Within 2 Weeks

Key takeaways for the 4-week period ending August 2: A record-high share of homes are selling fast: 46% of homes sold within the first two weeks on the market, the highest level since at least 2012 (as far back as

News Bot August 11, 2020 External Articles Read more

6 Unique Cabins for Sale Across the U.S.

If you’re thinking about leaving the hustle and bustle of the city for more peace and privacy, or just for a more affordable mortgage payment, then a cabin home might be just what you’re looking for. From traditional log cabins

News Bot August 11, 2020 External Articles Read more

The Ultimate Final Walk-Through Checklist Before Closing on a Home

You’ve nearly gone through the entire homebuying process. From those early days of using a mortgage calculator to see how much house you could afford, to touring homes online or in-person, and then finally and excitedly making an offer on

News Bot August 11, 2020 External Articles Read more

Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale. Salt Lake City was the most competitive market, with 75% of offers encountering competition. More than half of Redfin

News Bot August 11, 2020 External Articles Read more

Sell Your House Fast: 7 People You Need on Your Team

So, you’ve decided to sell your home. Congratulations! Before you start playing with a mortgage calculator to see how much you can afford on your next home, you’ll want to know how to sell your current home fast. Ideally, you’re

News Bot August 7, 2020August 11, 2020 External Articles Read more

Survey: 25% of Homebuyers Are Moving—Or Moving Sooner Than Planned—Because of the Pandemic

Low mortgage rates, spending more time at home and working from home are driving forces for people moving due to the coronavirus pandemic.  Three-quarters of homebuyers say the coronavirus pandemic has impacted their homebuying plans, according to a survey of

News Bot August 6, 2020 External Articles Read more

The Ultimate Guide to Relocating During COVID-19

So, you’ve decided to take an exciting new step in your life and relocate to a new town or even a different state. You may be feeling stressed and overwhelmed with all the scheduling, packing, and expenses that go into

News Bot August 6, 2020 External Articles Read more

10 Beautiful Homes for Sale Under $500K Right Now

From the West Coast to the East Coast and down to the South, we’ve scoured the real estate market for beautiful homes for sale under $500K. Across the country, we’ve found an array of unique homes whether you like craftsman

News Bot August 4, 2020 External Articles Read more

Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered

News Bot August 4, 2020 External Articles Read more

Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up

Homebuyer demand for condos dropped with the coronavirus pandemic, but buyers are starting to return—particularly those searching for affordable homes. Demand for single-family homes has recovered more quickly. Condo sale prices nationwide dropped 1.4% year over year to a median

News Bot August 2, 2020 External Articles Read more

Survey: Almost Half of Recent Homebuyers Made an Offer Sight-Unseen, the Highest Share on Record

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as

News Bot July 31, 2020 External Articles Read more

How Much Does a Home Inspection Cost?

You may be surprised to know that home inspection costs can vary widely from state-to-state. What it costs for a house in New York, NY to be inspected most likely will be different than a home in Portland, OR. Quite

News Bot July 31, 2020 External Articles Read more
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  • Michael Gersitz
  • Phone: (716)870-5786
  • Office: (716)302-5222
  • Email: michael.gersitz@signature-wny.com
  • Website: michaelgersitz.com
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About Me

I am a Real Estate Agent based out of Tonawanda, licensed to buy, sell and lease real estate in New York State! Give me a call, it might be the best decision you ever make!


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