Long holding homeowners, not flippers, reassure would-be homebuyers
Richard V. Guardino Jr., executive director of the Wilbur F. Breslin Center for Real Estate Studies at Hofstra, said that while the critical issue in being able to sell a home was its "current condition," the "fact that it has been in one family for a long time is an indication of stability," particularly in the neighborhood.
REAL ESTATE
Letting Go of the Homestead
By MARCELLE S. FISCHLER
Published: February 10, 2010
Students of the real estate market say that the bond between longtime owners and the houses they are giving up can actually be a tonic for potential buyers.