While the panic buying of the first heady months of Covid are thankfully long behind us, the real estate market in The Catskills and Hudson Valley remains exceedingly competitive for the most desirable properties. As prices continue to push the envelope, bank appraisals often lag, creating nearly a requirement that buyers looking to snap up their dream home pony up more cash, sometimes substantially more, than the standard 20% downpayment. We explain the workings behind the strategy and share our recent experiences.
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