Hamptons market as hot as brokers claim and sellers desire?

[Anonymous]

DH and I considering buying as who knows what will be situation with schools in fall. Even if they return to school part-time, we may still be able to spend long weekends outside city. One property has piqued our interest and seller asking for $1 mill over Zillow estimate. While Zillow doesn't run the market, the gap seems fairly large. Broker telling us Hamptons is hot, hot, hot right now. We will be there for a month in August and will look at houses with an eye to buy. Appreciate any insights about market, etc.

[Anonymous]

It's crazy hot at the moment, both for renting and buying. I think it'll stay like this for a while. Good luck.

[Anonymous]

Anonymous wrote:DH and I considering buying as who knows what will be situation with schools in fall. Even if they return to school part-time, we may still be able to spend long weekends outside city. One property has piqued our interest and seller asking for $1 mill over Zillow estimate. While Zillow doesn't run the market, the gap seems fairly large. Broker telling us Hamptons is hot, hot, hot right now. We will be there for a month in August and will look at houses with an eye to buy. Appreciate any insights about market, etc.

Did you look at the Zillow range in small print under the estimate? My house is
More in the range than the estimate. I would imagine there are plenty of people trying to find an escape from Manhattan after a three month lock down, so I imagine Hamptons are hot.

[Anonymous]

There was just the maskless party of over a 100 where we know at least Kimberly guilfoyle tested positive. There might be a spike of cases.

[Anonymous]

Anonymous wrote:There was just the maskless party of over a 100 where we know at least Kimberly guilfoyle tested positive. There might be a spike of cases.

And the CNN Cuomo also had it. He’s in the Hamptons too?