Today we closed on 47 Point Street Unit #3C! Thank you to our Sellers for trusting in our services.
Leaving it to the Experts. :)
If you are thinking about Buying or Selling, feel free to call us at 914.920.2299 or you may email us at email@example.com
Single best day for mortgage rates in over a year!
You've probably heard about Britain's momentous decision to leave the European Union by now, but have you thought about how this might affect your mortgage? Well if you haven't, you should.
Yesterday, we reported that according to CoreLogic's latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic's report shows that only 8% of homes are in that position. The study also revealed that only 37% of Americans believe that they have "significant equity" (greater than 20%), when in actuality, 74% do!
"Homeowners who underestimate their homes' values not only underestimate their home equity, they also likely underestimate: 1) how large a down payment they could make with their home equity, 2) their chances of qualifying for mortgages, and, therefore, 3) their opportunities for selling their current homes and for buying different homes."
CoreLogic's report also revealed that if homes were to appreciate by an additional 5%, over 800,000 US households would regain positive equity.
If you are one of the many homeowners who is unsure of your current equity situation and would like to know your options, contact a local real estate professional who can help.
In today's market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons:
1. There Are Too Many People to Negotiate With
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:
2. Exposure to Prospective Purchasers
Recent studies have shown that 88% of buyers search online for a home. That is in comparison to only 21% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?
3. Results Come from the Internet
Where did buyers find the home they actually purchased?
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.
4. FSBOing Has Become More And More Difficult
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.
The 8% share represents the lowest recorded figure since NAR began collecting data in 1981.
5. You Net More Money When Using an Agent
Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent's commission. The seller and buyer can't both save the commission. Studies have shown that the typical house sold by the homeowner sells for $210,000, while the typical house sold by an agent sells for $249,000. This doesn't mean that an agent can get $39,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.
Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.
Soon to go live on the market! 445 West 240th Street #1N, Bronx NY 10463
Call us for inquiries: 914-920-2299
We have been conditioned as a society to perceive failure as a bad thing. We get scared to try new things because if we fail, others will think less of us....
The reality is, failure is our best teacher. We do not truly learn from our successes but our failures. If and when you fail, allow yourself to learn from it, to grow from it and get better from it...
It is only truly a failure if you quit, never quit, keep pushing and you will accomplish your Goals!
“Soft contemporary meets conventional modernism in this beautiful double story home.” Offering 4 large bedrooms 3
bathrooms and 2 car garage, this home does not lack in space – capacious in size and build, it encompasses all the
trappings of a modern, luxurious living. The living room and Family room on Same Level is capacious enough for a full size
family gathering, and more – with large windows that let in ample sunlight and floor area enough for children to laze
around on. The kitchen is semi-open with stainless steel appliances and a roomy breakfast nook, along with a formal
dining area. The inside connects to the backyard through a rectangular deck, overlooking a lush, verdant and sprawling
lawn. If you’re looking for an exuberant, homely abode, then this lovely house is the perfect fit.
Call us for inquiries!
Another #Listing in #Greenburgh ! This 3 Bedroom home is like the ones you see in movies... Your perfectly laid out #dreamhouse with all the amenities of a Fabulous living! #justlisted #homeforsale #houseforsale#whiteplains #openhouse
See it first call us at 914-920-2299
OPEN HOUSE on
Saturday June 18, 2016 1-2pm
Sunday June 19,2016 2-4pm
“Idyllic, sophisticated and contemporary, this Condominium would be the perfect home for a high-end, luxury
living.” Located in Westchester County, in the heart of a well-connected neighborhood, this Condo offers easy
access to basic life amenities – elevators, exercise rooms, an in ground pool, a sauna/steam room, a security and
firefighting system – is close to the bus stops, railroad, and retails. With long, sprawling, wide-set, French Windows
running the gamut of the living space, it is built around an open-floor plan, offers an ample amount of natural light,
and debuts the ambience as debonair and refined with just the right amount of chic. The kitchen is open, sleek and
stainless steel, the bedroom adequately sizeable and the bath luxurious and properly segregated. The living area is
atmospheric and aesthetically urbane.
Call us for inquiries: 914-920-2299
Just Listed! Beautiful 3 Bedroom Single Family Home in Yonkers! Conveniently Located from Commute, Hudson River and Just Behind it is the Croton Aqueduct Nature Trail! This is a Must See! #newlisting #yonkers#homeforsale #nyreex #realestate
398 Warburton Avenue, Yonkers
more info of home here:
Call us for more info: 914-920-2299
Here is the 2nd Episode of the New York Real Estate Experts Show!
In this Episode we talk about how agents and realtors should start and do their business. It is actually easier than you thought! #nyreex#expertsshow #expertadvisor #realtor #realestate
tweet your questions and follow us at nyexpertcloser
According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, homeownership is a better way to produce greater wealth, on average, than renting. The results from the first quarter index showed that "16 of the 23 metropolitan markets investigated moved in the direction of buy territory." The BH&J Index is a quarterly report that attempts to answer the question:
Is it better to rent or buy a home in today's housing market?
"The U.S. housing market, when considered as a whole, has swung marginally more in favor of home ownership over renting a comparable property and investing monthly rent savings in a portfolio of stocks and bonds."
The latest results were released shortly after the S&P/Case-Shiller Home Price Index, which reported that home prices had climbed 5.4% nationally since March 2015. Ken Johnson Ph.D., Real Estate Economist & Professor at Florida Atlantic University, and one of the index's authors states:
"This [growth] appears to be driven by a steady but strengthening job market, rising rents relative to rising ownership costs and recent slower growth in traditional financial portfolios consisting of stocks and bonds."
Dallas and Denver are two of the major cities that continued to move deeper into rent territory, but they moved at a slower rate than they had in previous quarters. Johnson believes that, in these two markets, "strong economic support...should make for a soft landing in terms of slowing property price growth, increased marketing time for properties and lower probabilities that sellers will actually transact and close during a given marketing effort of their property."
Buying a home makes sense socially and financially. Rents are predicted to increase substantially in the next year, so lock in your housing cost with a mortgage payment now. To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.
If you are looking into buying or investing in any commercial spaces or buildings we would be more than happy to help! Call us at 914.920.2299!
Just reduced by over 20k! Open House this Saturday June 11th at 2:00-4:00PM on this fully renovated 3BR home in the Bronx! Don't miss out on it!
Call us for inquiries: 914.920.2299