Monday, 10 23rd

Last updateMon, 30 Jan 2017 4pm

SETTING THE RIGHT PRICE

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Thinking about selling your home? One of the first, and without a doubt, the most important task at hand is setting the right price. The initial asking price can make all the difference in any real estate market (good or bad) -not only as to the amount of profit, but how long it takes to sell or whether it will sell at all. You don’t want to set the price too low for obvious reasons. On the other h

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SELLERS ARE BUYERS TOO

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It’s a fact that 85 to 90% of those who sell their homes buy another as a replacement. How do you coordinate the selling of one home and the concurrent buying of another? Should you wait until you sell your first home and then look for the replacement or should you put your present home on the market and immediately go out and buy another even before the sale is complete?
First, you’ll want to know h

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AN FHA LOAN PROGRAM FOR FIXER UPPERS

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It’s hard to deny the remodeling movement is gaining momentum. It seems as though everyone from your neighbor to your local politician is remodeling his or her home, and the guy at the hardware store or the contractor across town is everybody’s new best friend.

Countless TV shows depict eager home buyers purchasing charming, character-filled fixer-uppers — and fixing them. The ending is always happy.

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AFTER THE BUYER SAYS, “YES”

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Once a buyer has been found for your home, the part of the transaction that takes the most care and attention is the closing. As a Realtor, my responsibility does not end when a buyer says “Yes, I want it!” As your Realtor, a number of important details must be coordinated, confirmed and finalized before the sale of your home can be successfully completed
As an example, there is the purchase contract

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MARKET UP TREND LIKELY TO CONTINUE

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Inventory is at a Historic low, so where will prices go????

The market is zooming along and sellers are receiving excellent prices and interest rates are still below 4%!

Will the market continue its upswing? This author believes it will as long as interest rates stay within a reasonable range 4-6%, which I believe they will and no major catastrophic events occur that would affect our economy. Jobs

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GREAT NECK REAL ESTATE MARKET DOING WELL

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So You ask, how is the real estate market doing?

Just fine, in fact, it is doing excellent.

Inventory is at a low point, with many more purchasers than sellers. Most properties are selling at a very quick pace, if priced properly.

As you can see from the charts below from the Multiple Listing Service of Long Island, all price categories (residential and condominiums) have increased over the last

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HOME WARRANTIES, ARE THEY WORTH IT?

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When one sells their home, they should be looking at their home as if they were the purchasers.

Being as critical as the buyer might be in observing all those facets of the home and pick apart those items that might need improvement or upgrading is tantamount in helping receive the highest price.

This will surely help in determining the initial listing price, when considering selling.

However,

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WHY CONDO AS INVESTMENT?

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Condominium living is with us to stay. It is a way of life for a large segment of our population. A lot of money has been made in the turnover of condominiums. A well selected condo can make an excellent real estate investment, offering the benefits of appreciation, cash flow and tax sheltering. The beauty of the condominium ownership format appeals to many investors without the time, expertise or

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