North Fork, Long Island Real Estate

How To Find Long Island REO/Foreclosures

Laurie Mindnich at Options Realty — Sun, 04 Mar 2012 11:44:45 -0800

My brother called yesterday, and is moving back east, from Alabama to New Jersey. Because he’s aware that we list bank owned properties, he had a simple question: HOW DO I FIND THE FORECLOSURES in New Jersey without paying a fee to a website?

While I’m not familiar with the MLS in New Jersey, the Multiple Listing System of Long Island (MLSLI) is the source for listed bank owned properties on Long Island- asset companies and banks require that all listings be entered into the local MLS by the Realtor assigned the asset.

Unfortunately, there is not a tab that offers a consumer direct access, and searching all MLS properties in order to locate bank owned is frustrating. On our own website, we have foreclosures/reos for the east end (North fork/Hamptons) on a separate feed- one click provides almost all reos on the east end.

Both banks, and asset companies offer properties available for sale on their websites.

If, like my brother, you’re looking elsewhere, and are unable to locate a real estate website with an reo property feed, here are a few go-to sites:

www.homepath.com will show Fannie Mae properties for sale, and often show “coming soon.”

www.homesteps.com will show Freddie Mac properties for sale

www.pasreo.com will show Wells Fargo properties for sale

https://servicing.chase.com/reo/property/FeaturedProperties will show Chase properties for sale

https://citimortgage.res.net/ will show Citibank properties for sale

http://realestatecenter.bankofamerica.com/pages/map-search this site allows you to locate current Bank of America offerings.

While this is a partial list (many banks are offering homes for sale), at the bottom a more comprehensive list can be accessed. For local banks in your area, try googling the bank name, then reo- they may or may not have a property feed.

A few of the larger asset companies providing listed homes for sale are:

www.lps-am.com will show LPS properties for sale (asset company)

http://www.greenrivercap.com/property/Property-Listings.aspx will show Green River Capital properties for sale (asset company)

http://www.reoexperts.net/ will show NRT properties for sale (asset company)

For a great overall source list, we found the following link: http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

As long as I’m sending this info to my brother, it made sense to share it with others who find themselves interested in foreclosure/reo homes for sale, but aren’t sure about committing to a monthly fee required by websites…

While we can’t guarantee the accuracy of all property feeds, we’ve found with our own bank property listings that the feeds offered by most banks and asset companies keep their lists up to date. If you have any questions regarding North fork real estate, don’t hesitate to contact us!

Now, if I can just convince my brother that The North Fork or East End of Long Island, New York would work for him as easily as Northern New Jersey would….

November Home Sales North fork, Long Island

Laurie Mindnich at Options Realty — Mon, 05 Dec 2011 18:23:46 -0800

The following properties have sold in November on the North fork of Long Island (sold=closed real estate transactions for all villages). This report is for single family properties from Riverhead to Orient Point. Asking price/Closed price:

Aquebogue, NY:
365 Stonecrop Rd: $599k/$569k

Cutchogue, NY
Total sold: 6
1975 Skunk Ln: $369k/$335k
3610 Bridge Ln: $389k/$372.5k
1455 New Suffolk Rd: $400k/$355k
6145 Bridge Ln: $529k/$515k
1547 Stillwater Ave: $759k/$700k
1050 W. Cove Rd: $2.2M/$1.95M

East Marion, NY
2940 The Long Wy: $350k/$352.8k
1910 The Long Wy: $425k/$365k
240 The Crescent: $449k/$425k
15345 Main Rd: $1.335M/$1.3M

Greenport, NY
620 Maple St: $195k/$190k
300 Bailey Ave: $369k/$350k
1410 Maple Ln: $450k/$390k

Jamesport, NY
36 St. Marys Dr: $435k/$415k
966 Peconic Bay Blvd: $449k/$400k
270 Herricks Ln: $499k/$485k

Laurel, NY
1810 N. Oakwood Dr: $435k/$400k

Mattituck, Ny
2490 Pike St: $179k/$145k
1175 Central Dr.: $319k/$315k
3225 Grand Ave: $359k/$300k
3500 Cox Neck Rd: $409k/$385k
1145 Grand Ave: $454.9k/$447.5k
New Suffolk, NY
735 Jackson St: $1.395M/$1.312M
755 Kimogenor: $1.6M/$1.5M

Orient, NY
29215 Main Rd: $799k/$730k
21055 Main Rd: $799k/$754k

Riverhead, NY
772 Raynor Ave: $145k/$77k
1075 Northville Tpke: $179k/$168k
140 Woodhull Ave: $239k/$217k
140 Rabbit: $275k/$273k
906 Pond View Rd: $339k/$315k
115 Hubbard Ave: $395k/$385k
11 Kingfish Ct: $449k/$414.2k

South Jamesport, NY
126 Green St: $449k/$395k

Southold, NY
50915 Main Rd: $349k/$335k
1845 Hortons Ln: $499k/$499k
1305 Bay Haven Ln: $519k/$487k
450 Brigantine Dr: $549k/$484.6k
1135 Calves Neck Rd: $875k/$850k

Homes closed November 2011: 40
Homes closed November 2010: 42

Homes under contract have increased in November 2011 vs. November 2010.
Total homes reported under contract for 2011 are 37
Total homes reported under contract in 2010 were 35.

It would appear that while home sellers on the North fork are not reducing their homes for sale at the onset, they are accepting a larger discount from list pricing in 2011 over 2010.
Average listing discount in 2011: 7.71
Average listing discount in 2010: 4.69

Providing an “average” sales price is often skewed when a few large, or a few small properties appear, so keeping that in mind, and using as a guideline actual closings shown above, the average sales pricing from 2011 vs 2010 is as follows for all of the North fork:
2011 average sales price: $516,446.
2010 average sales price: $446,531
Interestingly, the median difference is less dramatic:
2011 median sales price: $397,500
2010 median sales price: $377,500

If you are interested in finding real estate on the North fork of Long Island, click here.
If you are interesting in finding an east end reo/foreclosure in the Hamptons and North fork, click here.
*all statistics used can be found at MLSLI. While deemed reliable, no guarantees.

Builders Have it Right!

Laurie Mindnich at Options Realty — Tue, 13 Sep 2011 10:55:15 -0700

Walk through before closing...when do you have your buyer do a walk through on a property in contract?

Recently, we experienced frustration (as the listing agent) when a buyers agent made the decision to have his buyer do a walk through on the property far too close to closing- the same day, in fact.

While some pristine offerings might engender this kind of schedule, this particular property had "issues" that involve a renter in place at the time of the initial viewing/purchase, and vacant at the time of the walk through.

Despite an inspection by a licensed professional being performed previously, there was reasoning behind requesting that the buyer please perform a walk through with a few days to spare- allowing time for any issues to be resolved between the parties (and NOT at the closing table).

I'm not so sure, whether representing a buyer or seller, that all scheduled walk throughs shouldn't offer latitude for potential issues- to the contrary, it seems common sense- irrespective of the condition of the property.

A day before allows issues to emerge, and time for both seller and buyer to resolve these issues pre-closing; perhaps my position remains solidified after having much new home construction experience. A day before also appears close enough to closing that the property will remain in the condition of the walk through on the day of the closing.

An initial walk through; items corrected; final walk through the day of closing- typical builder process.

On resales, affording buyers and sellers 24 hours latitude between the walk through and closing seems to be common sense, yet is (clearly) a schedule that some simply don't subscribe to, insisting on a walk through hours before a closing. On more than one occasion with cooperating brokers, so maybe it's us.

Perhaps I'm more cautious due to lawyers being involved in NY closings- the idea of a re-negotiation at the closing table doesn't appeal. A closing should be a matter of signing paperwork, not a back and forth of renegotiation over issues that could easily be resolved between buyer and seller PRE CLOSING.

For my seller, a walk through the day before is a measure of problem avoidance. For my buyer, a walk through the day before closing is a measure of problem avoidance. Issues have time to be resolved.

Further, if my buyer performed a walk through with items unaddressed, there would BE no closing until the items were resolved- the closing table isn't going to be a place of negotiation. Our job is to make sure that all issues are resolved beforehand. Lawyers might be fine with renegotiation at the nth hour; denigrating the closing day process for both buyer and seller when it's avoidable isn't on my radar.

Which returns me to the opinion that a walk through should never occur hours before a closing. New or resale.

But, I could be wrong.

An Afternoon at Raphael's Vineyard in Peconic

Laurie Mindnich at Options Realty — Wed, 10 Jun 2009 22:57:34 -0700

We have a friend who happens to be, along with his band partner, an excellent musician, performing as the Earthtones on the North fork/East end of Long Island.

Armed with this information, we decided to visit one of the local vineyards on a Sunday afternoon, just to see what the Earthtones experience was about.

Weekends offer several "live music" signs in front of the numerous vineyards; we have a musical preference, and had been told that theEarthtones might fit the bill. For those seeking out an afternoon sipping wine and listening to live music, you won't be disappointed.
We aren't wine "tasters"- our interests might be cultivated in that direction at some point, but frankly, the notion of being very unclear as to what we were tasting (in the presence of experts) remains been a bit intimidating.

No worries- wine tasting (other than enjoying a fabulous glass offered by Raphaels) wasn't on the menu!

Listening to classics from Bob Dylan or John Prine was a perfect complement to a great glass of wine- no comments on the texture of the vino solicited!

A few suggestions for those that haven't yet enjoyed the vineyard experience:

Our friends Glenn and Rick are fantastic- we like classic rock, and their offerings were just perfect. The Earthtones offer really, really good listening. The local offerings vary; check ahead to see if the music being offered is in your area of preference.

One doesn't have to be ANY kind of wine expert to enjoy the ambiance of the local vineyards- Raphaels has an interior full of tables, with a bar in the center- no reason to feel intimidated for simply purchasing a glass of wine with which to enjoy the music!

Some of the vineyards are venues in which it's a "bring your snacks" environment. We entered the area to see a long table, with a group of people enjoying the fabulous music, the local wine, and a huge array of snacks that were brought by them. Call ahead to check their weekend schedule of events.

There was an outside area, along with several tables inside.

I don't know about you, but the vineyards this year may usurp a few days out on the boat. While we love sailing, and bringing a picnic, this experience will remain a "keeper"- full enjoyment of local flavor, absent the time consuming task of getting the boat ready (and, sans our bulldog and min-pin, who force a real sense of guilt on our part if we don't bring them along). Sorry- no dogs allowed at the vineyards!

Live music from the Earthtones, and a great glass of wine in a relaxed, fun environment were exactly what we'd hoped for.

Thanks, Glenn and Rick of the Earthtones, and Raphaels - we loved the music, the wine was wonderful, and we now have a weekend plan for guests that will most certainly include vineyard visiting.

For those interested in a fabulous afternoon, the schedule for the Earthtones can be found below.

Looks like we'll be doing some more wine tasting!

Look for the Earthtones at the following times/locations in June and July:

Sunwaters Restaurant, Dune Road, Westhampton Beach June 20th, 7-10

Route 48 Vineyards, Cutchogue June 28, 2-6

Laurel Lakes Vineyards, Laurel, July 4, 1-5

Clovis Point Vineyards, July 5, 2-5

Laurel Lakes Vineyards, July 18, 1-5

Bedells Vineyards, Cutchogue July 19, 1-5

Will post August as the summer unwinds. Great music from Glenn and Rick of the Earthtones, and a wonderful atmosphere provided by a Raphaels- thank goodness summer is here!

To view Glenn Jochums website go to www.glennjochum.com- lots of "stuff" for music aficionados.

On the East End, the North Fork of Long Island. A Dog-Gone Find.

Laurie Mindnich at Options Realty — Thu, 08 Jan 2009 10:40:58 -0800

Authored by: Laurie Mindnich
January 8th, 2009

Our bulldog, Oliver, became VERY ATTACHED to a very specific dog toy. It was an amazing toy: a rubber ball attached to a string.

IT NEVER OCCURRED TO ME THAT, WHEN IT FINALLY (after seven months) EXPIRED, locating the same toy would be a search…resulting in a REAL FIND!

After looking through several stores known for having dog toys, and realizing that a generic variety, rather than the REAL DEAL, would last no more than a few days with our somewhat…exuberant family member, it occurred to me to try a NEW place on the North Fork of Long Island. While calling itself a dog ”daycare”, surely they’d also carry some dog toys…

Not only does DOGTOWN, located at 40385 Rt. 48, Southold NY 11971, carry dog toys, they carry QUALITY dog toys. Sure enough, a container holding my sought after “Oliver toy” was right there in abundance.

Much to my delight, the owners offered me a tour of their new facility. All the while, my mind considered what was once unthinkable: FINALLY, A GREAT PLACE TO LEAVE THE DOGS!

For those of us that travel, even if it’s a visit to see relatives in Westchester NY or Connecticut, such trips never included the luxury of an overnight- to the contrary, plans always revolved around, “What time should we leave to get back to the dogs”?

While bringing Oliver and Greta would be terrific, dogs aren’t always a welcomed appendage (particularly if they’re a bit excitable in a new environment).

For those visiting the east end of Long Island, whether it’s the North Fork or the Hamptons, DOGTOWN is a place where not only will you feel comfortable leaving your best friend for a day (or ten), the convenient location makes it absolutely perfect for frequent “hellos” (if they’ll bother saying “hello” back).

As the pics demonstrate, this is a HAPPY CREW at DOGTOWN- that it’s impeccably clean is just an unexpected bonus.

That the owners are clearly DOG LOVERS is evident in their planning of this luxe dog daycare.

While rates are subject to change, I’ll include their handout (effective 1/09)- along with a phone # to call for reservations. 631-765-8844.

Based on what we’ve seen, this is a place that could end up being “the” place for both locals with beloved dogs, and visitors finally able to comfortably accommodate their four legged friends, so call early!

North Fork, Long Island Closed Condos / Active Adult / Over 55 for 2008

Laurie Mindnich at Options Realty — Sun, 04 Jan 2009 19:51:36 -0800

Authored by: Laurie Mindnich
January 3rd, 2009

The following is data obtained from the multi list of Long Island. While deemed accurate, actual figures may differ- consult with your real estate agent for specific retirement/vacation condominiums on the east end of Long Island.

CLOSED NORTH FORK, LONG ISLAND CONDOS- JAN. 01, 2008- DECEMBER 31, 2008 (closed pricing):

Aquebogue, NY:

Silver Village: 2; $337,5k; $340k

Baiting Hollow, NY:

The Bluffs: 3; $279k; $397k; $311k;

The Knolls: 3; $315k; $338k; $340k

Calverton, NY:

Calverton Hills: 6; $110k; $105k; $157,5k; $159k; $160k; $176,3k

Foxwood Village: 7; $144,5k; $155k; $148k; $155k; $180k; $245k; $285k

East Marion, NY:

Cleaves Point: 1; $800k

Greenport, NY:

Driftwood Cove (co-op): 1; $147,5k

Harbor Shores (co-op): 1; $260k

Oyster Point: 2; $695k; $690k

Unknown: 1; $320k

Jamesport, NY:

Maidstone Landing: 1; $780k

Riverhead, NY:

Glenwood Village: 1; $67,5k

Mill Pond: 8; $275k; $280k; $270k; $279k; $275k; $305k; $315k; $325k

Willow Pond: 6; $277,5k; $270k; $324k; $346k; $367k; $405k

Saddle Lakes: 2; $495k; $540k

Southold, NY:

Colonial Village: 1; $160k

Founders Village: 3; $315k; $345k; $344k

COMPARISON 2008 TO 2007:

Total reported North Fork, condos closed, 2008: 55

Total reported North Fork, condos closed, 2007: 81

Median sales price, 2008: $305k

Median sales price, 2007: $350k

Days on market median, 2008: 158

Days on market median, 2007:133.5

% of asking/sold price, 2008: -6.7

% of asking/sold price, 2007: 4.8

To view all over 55 retirement condos, and all condos for sale, click on “North fork condos”, choose your town, and click GO.

Call or email us to view any properties of interest- the east end of Long Island is a great place to retire!

General Wayne Inn in Southold on the North Fork

Laurie Mindnich at Options Realty — Sun, 19 Oct 2008 21:05:47 -0700

Authored by: Laurie Mindnich
October 19th, 2008

When we first moved to Southold, New York in 2002, there was a structure in our neighborhood called the General Wayne Inn.

Situated oddly, Sean’s father explained that he had in fact dined at this opulent eatery located in the residential area of Bayview- it was a destination spot often navigated on foot, as those in the area were able to combine a nice walk with a fine meal.

The building was abandoned when we viewed it, but still intact- clearly devastated by a fire of some sort, it was destined to deteriorate without immediate intervention.

Below are photos of this once-grand establishment, along with a recent town meeting addressing the uncertain future of this once glorious structure.

http://southoldtown.iqm2.com/citizens/Detail_PublicHearing.aspx?Frame=&MeetingID=1106&MediaPosition=&ID=1150&CssClass=

It has increasingly become an eyesore, due to the lack of maintenance and preservation that the owner was unable to provide for it.

I’d love to see it purchased and restored, but as the years go by, all elements worthy of restoration seemingly grow legs- where a sign once proclaimed it’s identity, there is now simply an empty and rotting post.

Pumpkin Search on the North Fork of Long Island

Laurie Mindnich at Options Realty — Fri, 05 Sep 2008 14:12:19 -0700

Authored by: Laurie Mindnich
September 5th, 2008

As reluctant as many of us are to let go of summer months on the North fork of Long Island, fall brings activities that offer fun that appeal to any age level.

Not initially believing in the challenge of the corn maze (it’s tough to imagine that our corn season is coming to an end already…), last season, we took it upon ourselves to indulge the kids in the family by visiting the Harbes Family Farm.

I still laugh out loud when the memory is revisited- and going again this year with or without the kids is simply a North fork experience that is as required (by us) as hitting the beach on a gorgeous day.

In addition to the corn maze, which in and of itself provides the hokiest, most charming experience (think: friendly outdoor haunted house), hay rides on a bumpy old trailer with a host encouraging a “sing along” is a riot. Kids love it, and adults may well not get through it without one of those really healthy belly laughs.

The following link provides much in the way of resources for North fork, Long Island fall activities. See you there!

http://www.northfork.org/calendar/index.php

Options Realty: your source for buying and selling condos and homes on the North Fork of Long Island.

Looking To Buy a Retirement Condo on the North Fork of Long Island? Go Jump in a Lake!

Laurie Mindnich at Options Realty — Thu, 07 Aug 2008 13:18:17 -0700

Authored by: Laurie Mindnich
August 7th, 2008 category: Buyers

OK, not literally jump in a lake, but perhaps a toe dip in the community pool.

The decision to leave a long term family home is tough enough; the notion of “starting fresh” often adds stress to those seeking a retirement condominium. Often termed “active adult” and “55-plus” communities, the premise is to offer a home surrounded with people of like-age and life stage for those no longer in need of a larger home.

There are any number of opportunities on the North Fork of Long Island, from Riverhead to East Marion.

When looking at properties offering a “lifestyle” agenda, it’s important to look beyond the actual condo or townhome unit, or community. The majority of communities offer amenities that include a pool, tennis, bocce, and a clubhouse, which all LOOK great.

Touring these amenities (and timing the tour when residents are enjoying the benefits) is a great way to ease the anxiety of moving.

The best people to offer reassurance and guidance are those that have made the jump. It never ceases to amaze me, when viewing communities with prospective buyers, the ease with which those in the community are able to connect with those looking. Pleasantries that begin with, “we’re just looking around” turn into conversations about the angst of the move, and the resultant satisfaction with the decision-and often any downside to the move.

The best guidance a prospective homeowner can receive is generated by a homeowner who has “been there”- and arrived at the other side with hindsight often unavailable those making the decision. What’s great about the communities that I’ve visited is that the life stage shared by the residents translates into a value that can’t be matched- from recommendations of movers, to great parties that were recently enjoyed, to the pool man that should be fired because he doesn’t get ALL of the bugs out with the skimmer.

It is info that neither a real estate agent or non-resident can convey with the confidence that a resident is able to.

Next time we’re out and about with someone seeking such a change, we’ll be sure to arrive when the most important element of the community is available for consultation- the homeowner contingent.

If you’re interested in a vacation/retirement/active adult condominium on the east end of Long Island, give us a call. The choices are many, and the goal to get the best possible fit for you is the only agenda- nothing matters more in a transaction than the right outcome for you.

There are a number of available opportunities on the North Fork of Long Island- come take a look!

Monthly Blast From the Past…North Fork, Long Island

Laurie Mindnich at Options Realty — Mon, 04 Aug 2008 14:07:27 -0700

Authored by: Laurie Mindnich
August 4th, 2008

I read with interest the following article, published by The New York Times on June 18, 1989.

The author was Barbara Klaus. Link to the article below.

The Talk of the North Fork; Past Riverhead, Suburbia Looms Ever Closer

"At the Hargrave Vineyard here, Abigail Bakker is packaging newly bottled wine. As on other weekdays on Long Island's North Fork, it's quiet. The grapes are swelling on the vines and the roads are all but empty. Now in her 20's, she remembers how it was when she moved here as a child."

While there has certainly been growth in the years between 1989 and 2008, the North Fork of Long Island retains much of the charm that was present when the "locals" expressed a bit of dismay over the changing landscape.

"On Saturdays between Memorial Day and Labor Day long lines of luxury cars pull in and out at the Briermere Farms stand in Riverhead. Customers are drawn by the 18 varieties of fruit pies and fresh produce."

Thanks to the 2% Peconic Tax, (Community Preservation Fund) many of the open farms that so many consider intrinsic to the area remain "open". There was a recent Southold purchase that involved woods near Cedar Beach in Southold- the land will remain Evergreen woods. The Peconic Land Trust has this quote published on it's web site -

"The 2% real estate transfer fee paid by buyers goes directly to the Town in which the property purchased is located."

It takes living here to comprehend the importance of retaining the value in an area such as the North Fork- while the Hamptons offer their own recipe for summer living, North Fork residents have their own interpretation of "quality of life".

"Yard sales are something that draws both local residents and the people with second homes. They rush from sale to sale, pouring over the contents of attics and basements from Riverhead to Greenport. People scoop up such treasures as wigs, circa 1962, rusted potato mashers, mosaic ashtrays and plastic Mr. Peanuts."

For many, and I've come to agree, there's nothing wrong with disliking change in the landscape of this little piece of island, and much to be said for preventing it.

If you are interested in buying or selling a home on the North Fork of Long Island, pricing has come down, and inventory is as plentiful as the sweet corn found fresh at the farmstands!

On the North fork of Long Island, It Gets Me Every Time…

Laurie Mindnich at Options Realty — Tue, 29 Jul 2008 17:51:09 -0700

Authored by: Laurie Mindnich
July 29th, 2008

We were heading to the annual Clambake courtesy of the Flanders Men’s Club. While there were a few errands to run, the day was interrupted when that magnet sucked my car into a parked position.

As happens so often on the North Fork of Long Island in the summer, locals and vendors pick a sunny day, and the race is on for those looking for that SOMETHING. Or ten. Below are a few photos of the ultimate tag sale experience on the North Fork of Long Island. Until next weekend.

The coke machine worked perfectly, and was priced at 20.00. Had the seller not offered to plug it in and demonstrate, he’d have missed out on the quarters that ejected en masse. And we left without them.

Satisfied that all had been viewed, considered, and explored, it was off to the clambake.

The wonderful thing about living on the North Fork of Long Island is that the unexpected events provide the most memorable experiences. Whether it’s corn that has a sweetness that defies qualities inherent in a vegetable, or a coke machine that dumps a small fortune into the lap of a surprised seller, it’s just, well…FUN. And next weekend is just around the corner…

If you’re unaware of our beautiful area, the tag sale map below offers a view: we’re on the top fork. The other “fork” at the tip of Long Island is the Hamptons. Visit www.optionsrealty.com for more North fork “stuff”.

Grandma's on the North Fork of Long Island, New York

Laurie Mindnich at Options Realty — Sun, 29 Jun 2008 22:59:08 -0700

What’s A Grandma To Do?

Authored by: Laurie Mindnich
June 29th, 2008

As a very recent member of the gramma "club", I've been searching out activities for children (grandchildren) on the North Fork of Long Island.

Whether you live on the North Fork, simply vacation here, or are like many, considering retirement here, my new perspective on this area is full of possibilities. Quite frankly, short of owning a property in an amusement park, this is truly a spectacular place in which to enjoy the experiences offered to our beloved "little ones."

As people who love sailing, Callie's first visit (OK- she'll need to be more than the day old that she currently is) will be to the Southold sailing club for kids. Learning to handle a boat, and all of the safety rules, will be imperative for her when she's old enough to participate, and the Southold Yacht Club offers just such an experience.

The Southold Indian Museum, located on Main Bayview recently offered a "crafts for kids" afternoon, and often has events specifically tailored for the younger crowd. 631-765-5577. www.southoldindianmuseum.org will provide details.

Located immediately across the street is a fascinating building offering views of the stars- when events occur at the Custer Institute, parking gets crazy, so arrive early. For star gazers, this is a top notch experience for all ages. www.custerobservatory.org will provide you with scheduled events.

If the kids are a bit older, the water park located in Calverton called Splish Splash provides the "juice" that some kids crave- the website provides details at www.splishsplashlongisland.com. I hope, when Callie reaches an age that permits a trip to the park, that I'm still nimble enough to make it up (and down) that HUGE water slide!

This is a very small offering of activities for kids on the North Fork- the bustling farm stands, with offers of strawberry picking, roasted corn, and the occasional quartet fill many afternoons for our visitors. Once corn season is really here, you'll find that the crowds are full of little faces, with butter dripping, enjoying the magic of the North Fork.

Really- as a Gramma now, living here is exactly the type of location that I relish sharing with my new little granddaughter- what a fantastic place to be!

Now, if I can just convince my daughter and her husband to MOVE HERE...

Retirement Condos- North Fork, Long Island Report

Laurie Mindnich at Options Realty — Sun, 30 Dec 2007 19:02:31 -0800

December 30th, 2007

Best wishes for a healthy and peaceful 2008!

In the interest of those looking for condominiums on the North Fork of Long Island, the following is a market report, with information obtained fromMLS Long Island http://www.mlsli.com/.

Aquebogue, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Silver Village: 2 sold; average price: $494,000. One 3 bed/2 bath; one 2 bed/3 bath. Common charges for this community are in the $223/month range. There are currently 4 homes available, ranging in price from $365k to $485k.

Baiting Hollow, New York condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

The Bluffs: 5 sold; average price: $409,600. All sold were 2 bed/2bath. Common charges monthly range from $295-314.00. There are currently 12 homes for sale, ranging in price from $299k-479k.

The Knolls: 2 sold; average price: $384,500. Both sold were 2 bed/2 bath. Common charges monthly range from $295-350.00. There are currently 7 homes for sale, ranging in price from $369k-650k.

Calverton, New York condominium sales Jan. 2007- Dec. 2007 BY COMMUNITY:

Windcrest East: 7 sold; average price: $548,400. All sold were 3 bed/3bath. This is a community of independent condominiums- no attached neighbors. Common charges monthly are $211.00. There are currently 4 homes for sale, ranging in price from $589k-619k.

EAST MARION, NEW YORK condominium sales Jan. 2007-Dec.2007 BY COMMUNITY:

Cleaves Point: 3 sold; average price: $840,000. for 2 bed/2.5 bath; $500,000. for 2 bed/1 bath. Common charges range in the mid 500’s monthly. There is currently 1 home for sale in Cleaves Point, offered at $865k.

SOUTHOLD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Founders Village: 5 sold; average price: $374,300.- all have 2 bed/2 bath. Common charges range from $220-240/month. There are currently 2 homes available for $349k, and 345k.

GREENPORT, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Sterling Cove: 1 sold; closed price was $699,000. Common charges are in the mid $400’s/month. There are currently no homes for sale.

Pheasant Run: 1 sold; closed price was $350,000. Common charges are approx. $300./month. There is currently 1 home for sale at $429,000.

RIVERHEAD, NEW YORK condominium sales Jan.2007-Dec.2007 BY COMMUNITY:

Mill Pond: 13 sold; closed price averaged $304,500.00. Common charges are approx. $187./month. Closed homes had 2 bed and 1.5-2 baths. There are currently 8 homes for sale, ranging in price from $285,000. to $349,000.

Willow Ponds: 3 sold; closed price averaged $320,000. Common charges are approx. $220-280/month. Closed homes had 2 bed and 1.5-2 baths. There are currently 6 homes for sale, ranging in price from $369,900. to $525,000.

Stoneleigh Woods: there are currently 2 homes for sale, priced at $365k and $375k. Common charges are approx. $250/month. The home has 2 bed/2.5 baths.

Sunken Pond: 5 homes sold; closed price averaged $361,700. Common charges are approx. $260/month. Homes sold had 2 bed/2-2.5 baths. There are currently 3 homes for sale, priced from $350k-410k.

Saddle Lakes: 4 homes sold; closed price averaged $459,500. Common charges are approx. $280./month. There is currently 1 home for sale, priced at $395k.

We’d love to help you with your second home/retirement plans. Contact us: stark@optionsrealty, or call 631-727-2227 for additional information on all retirement/second home possibilities on the North Fork!

If you are thinking about selling a condo in the North Fork, we’d love to talk with you. We have interested clients seeking condominium living- let’s talk! Contact laurie@optionsrealty.com, or call 631-727-2227.

HAVE A SAFE AND HAPPY 2008! Confirm all stats/figures in the CURRENT market with your real estate agent- things are changing daily!

SHOPPING ON THE NORTH FORK OF LONG ISLAND

Laurie Mindnich at Options Realty — Sun, 16 Dec 2007 15:07:10 -0800

Authored by: Laurie Mindnich
December 16th, 2007

With just a few weeks to do holiday shopping, the motivation kicked in, and I headed to the Tanger Outlet in Riverhead, New York. The home of such fabulous outlet stores such as Coach, Ralph Lauren, J Crew, Ann Taylor, and a host of others, it seemed the logical gift-giving locale.

For some items, it worked. For other more unique items, however, I found myself delighted with the Greenport, New York opportunities.

Greenport, having experienced its own magical rejuvenation, offers gifts that TALK. I don’t mean whisper- I mean figuratively reach out and scream, “I’M THE ONE”! While Tanger offers great buys on quality merchandise, it is (perhaps due to the onslaught of catalogues this time of year) somewhat generic. Or, perhaps I just arrived late, but the items seemed…ordinary.

Greenport, however, has some time tested go-to’s that really cut down on shopping time- I can count on these stores to have gifts that are special.

My favorite store in Greenport is Island Silk. Located in the heart of the shopping district, Island Silk offers quality in basics (turtlenecks, pants) but always carries a large offering of fresh, unique clothing- that well located ruffle on the sweater, or fur adorning the cuffs. Just…COOL STUFF. My sister (who is impeccable) and my mother (a bit more bohemian)- CHECK. Mission accomplished with a black capelet with fur that is just ADORABLE, and a warm cotton sweater with fringe. Twenty minutes, and I’d searched for hours at Tanger.

A little store across the street called the Bayview Shoppe provided the PERFECT cotton place-mats, napkins, and table runner for another family member. They recently redid their kitchen, and in the spirit of quality, this store offers unusual and lovely table adornments, as well as clothing- already accomplished . Another twenty minute CHECK.

For the Irishman in my life, a shop called CURRANS IRISH SHOP has a number of authentic irish sweaters, coats, hats, and socks- you know the kind. You can just tell that this is the real, Irish “stuff”. This took a bit longer, because I wanted to add a few accessory items (as well as try on a few of the coats myself- hey, I can play, too). In addition to clothing, they offer jewelry and home items for people that love the Irish, and who doesn’t? Bono was playing as I did my shopping.

There is actually, in Greenport, a REAL kids toy shop on Main Street. This toy shop does NOT carry videos or tech stuff. Nope- just TOYS. Lionel trains, puzzles, kites, bubble guns, stuffed animals, games- you know, stuff that WE used to get. I remember my friend, Kim, having loads of toy horses- you know, the ones that look like real horses and are plastic, with accessories like a saddle- that type of item is carried here. In my opinion, the GOOD stuff! Check, check, check and check (for the little nieces and nephews. The older kids are Tanger and Riverhead kids).

Finally, our neighbor. Gladys keeps watch over our dogs. What more to say? When we first moved to Southold, we didn’t realize that the deer were RIGHT THERE- with an unfenced yard, it took a while- OK- it took a FENCE- to force them to stay in the yard. They saw the deer well before I did, and by the time I’d turn back to look at them, they’d be GONE. Our dogs give Gladys a little token of their owners appreciation, but it has to be YUMMY. Sweet Indulgences has it- a special way to say thank you for what it, in reality, a REALLY BIG thank you. She lets us know, when we deliver the gift from the dogs each year, that we “spoil her”- nah. She spoils us every time we leave the house and know that there is an “eye out.”

All of this shopping, accomplished in no time. In a shopping area that, while small, INSISTS on a calm and enjoyable experience- did I mention that I had lunch looking at the water?

If you’re looking to move to the North Fork of Long Island, we’d love to help you with that shopping excursion!

Why Retire on the North Fork of Long Island?

Laurie Mindnich at Options Realty — Sun, 09 Sep 2007 16:56:06 -0700

September 9th, 2007

A question was posed to me recently about the benefits and/or motivation involved for individuals that choose to locate a retirement / second home on the North Fork of Long Island.

For those individuals approaching their fifties, thoughts about where to “be” when the kids are gone is one that niggles- ideas about personal freedom and lower taxes notwithstanding, a very important factor is a “family friendly” location.

Being close, yet…a vacation away.
For those of you that live mid-island, or in close proximity to the city, your transition from family home to ease of 55-plus living has an abundance of offerings. If peace and quiet, along with a very low key and bountiful lifestyle is on your agenda, few areas offer the charm of the North Fork.

Family visitors are often at the heart of the decision to go “a little bit east” on Long Island. While family members may be starting their own lives, offering a respite in your own home is key to some relocating or second home families. Beaches, boating, fishing, corn mazes, fresh produce at farmstands (in some cases, with a tin can and an honor system) are compelling reasons.

The “Mayberry”-esque environment is a welcomed change for most visiting families- and with the enormous offerings for kids from two to ninety two, a “permanent” vacation is often an interesting alternative (and certainly, much closer than Florida).

The train station is close by, and while trips to the city will no longer take a half an hour, the two hour ride, on occasion, is relaxing- and, a small price to pay for the benefits offered in the city, now and then. Only to return home, to your peaceful and pastoral environment.

Living in a place that beckons family members for a vacation full of activity, with a bent toward “peaceful”, is a rarity, indeed- and offered in the North Fork of Long Island. No manic summer, filled with “celebrities” and the accompanying frenzy; no bumper to bumper traffic on any given day; and, with the ocean a short weekday ride away (weekends in the Hamptons are a bit congested), everything is right here.

What often motivates people to plan retirement on the North Fork of Long Island? Based on what has been the deciding factor for many people, it is the simplicity and peace of this lifestyle, full of possibilities for the rest of the family to create their own memories of the North Fork, returning again and again.

FOR ADDITIONAL INFORMATION REGARDING RETIREMENT/INVESTMENT OPPORTUNITIES ON THE NORTH FORK, PLEASE CONTACT OPTIONS REALTY: 631-727-2227 AND LET THE “NOTION” BECOME A REALITY!

A Riverhead, New York Festival Kicks Off A Saturday

Laurie Mindnich at Options Realty — Wed, 22 Aug 2007 19:57:36 -0700

Authored by: Laurie Mindnich
August 22nd, 2007

When people visit our east end of Long Island, whether to consider moving here, or simply for a summer getaway, the offerings are abundant every weekend. This Saturday, we decided to visit the Riverhead Polish Fair. It occurs every year in Polish Town, Riverhead, New York, and it sounded like a fun adventure.

Parking at Riverhead High School, we made our way through the festival, noticing the green lawns of charming homes that are offered in this unique area- while small, their reminder of another period in time is very enticing. The lot sizes are small and easy to manage, and the decorative accents outside offer a warm feeling of cared for homes.

We were delighted at the abundance offered at this festival, and came to understand the large crowds that it draws each year. In addition to watching the Little Miss Polish Festival contest, with little girls adorned in the dresses of their ancestry, we ate…and ATE. The food offerings are amazingly rich, and the smell made it very difficult to pass each station without a good look.

Vendors throughout the festival offered anything from a “fake” designer bag, to those little creatures that fit, one inside the other- the name escapes me, but I love opening each one to discover the littlest wooden surprise. Scarves, sweaters and an assortment of clothing were found in abundance.

Noticing a wind as we finished up our visit, we decided to engage in another favorite activity after the festival- sailing. After getting rigged up, we headed out into the bay- the winds were amazing. In an odd weather idiosyncrasy, it was actually chilly- a welcome respite from the typical summer heat.

And thus, a typical weekend on the east end of Long Island- festivals, tag sales, great food, sailing…makes me wonder how I could live anywhere else!

Saturday morning in Southold, New York…

Laurie Mindnich at Options Realty — Fri, 10 Aug 2007 15:48:22 -0700

Authored by: Laurie Mindnich
August 10th, 2007

A sunny Saturday morning in Southold, New York is a day that I relish. While weekdays are often packed with things to do in the North Fork of Long Island, Saturday for me is special in the summer.

This Saturday, the North Fork was full of tag sales. It’s in the Yard Salers Corner section of the Suffolk Times newspaper, right after the real estate section. In the summer, there are two full columns of enticement, and this Saturday was no different.

Some people in the North Fork take these tag sales very, very seriously. It was last year when we dined at Cliff’s Elbow Room that we overheard a group of people discussing their “strategy” for the following Saturday morning. We’re talking HARDENED TAGGERS.

The thing is, the early bird absolutely catches the first worm. I know this, because just as I’m pulling up on the dot, someone is leaving with an item that I want. Every time. This gets the pulse going early- jumping out of the car and nonchalantly speeding up my walk to view the “goods”, often up a winding woodsy driveway.

I don’t know if it’s the odd camaraderie (saying hello to the same “taggers” at each sale) or the quiet mood of these sales, but it’s FUN. It’s also relaxing. This, without mentioning that the sales held by centuries old families of the North Fork (or, the artsy NYC contingent) have GREAT THINGS. These are not your ordinary sales. The occasional baby sale notwithstanding, it is COMMON to locate vintage linens in perfect condition; antique fine china in full sets, no cracks; antique dressers for thirty bucks (solid wood with the mirror intact, and little drawers just below the mirror frame)- just GREAT STUFF.

Returning home by 10 a.m., you’ve seen your “friends”, found some steals, and had a terrific Saturday morning along the way…and some eggs over easy in that $200. frying pan that you found, still in it’s box, for a buck!

Get Out, Already…It’s Not Your Life, Anymore…

Laurie Mindnich at Options Realty — Fri, 06 Jul 2007 21:56:39 -0700

July 6th, 2007

Having had the distinct pleasure and (let’s be real) challenge of working with the “Active Adult” set, I’ve made many observations that make me dread 55, the AGE.

HERE’S WHAT OFTEN HAPPENS TO THIS POOR CONTINGENT OF MISPLACED 55 and better NEIGHBORS IN A NOW STRANGE NEIGHBORHOOD,full of tricycles and mini basketball hoops made of gray plastic, and a strange helmet clad contingent, complete with participating parents (OUR KIDS NEVER HAD HELMETS) riding safely down the previously less traveled-by- strangers cul-de-sac…the neighborhood looks oddly the same, but different. Friends have moved, citing reasons like an out of state child or “too much yard work”…some neighbors want to travel, now that the kids are grown.

After an unnerving accident running over the neighbor’s soccer ball (good thing the pads were on the kid) the 55 and better thinks, “THAT’S annoying.” While at the same time wondering when their first grandchild will rock their world…

They start “investigating.” This is the hardest time- the exploring. As in, unload the house with memories, and lock into a “lifestyle” change. The new house is secondary to the first dilemma, by a long shot. Neighborhood of kinship is first. The kind with the clubhouse, neighbors that are on the same page (especially during cocktail hour, when recounting their own reasons for change)…and, an indoor and outdoor pool, great for the grand kids and family…and NO YARD-WORK. And often enough, LESS MONEY. But also, LESS ROOM TO BRING ALL THE STUFF. The accumulated…stuff.

This is the difficulty, the BIGGIE. Contemplating all of the accumulated stuff. But that soccer ball has made the 55 and better consider that selling all of the stuff (or giving it away) is cheaper than the subsequent lawsuit over accidentally squirting the neighbors wild toddler with a garden hose…when did kids start eating flowers? And, since when is squirting one by mistake a crime?

Landscape free, in neighborhood clubhouse, parties, new friends, or…getting rid of a few dust collectors. The progress of freedom is a long one, when a person sells new construction. Let me just say, having enjoyed the last year and a half watching all of the heartbreaking decisions, whether you bought one of the homes or not…THANK YOU! I felt your pain!

Alzheimers And Real Estate

Laurie Mindnich at Options Realty — Wed, 04 Jul 2007 22:48:25 -0700

uly 4th, 2007

One of the most difficult diseases for families to accept is Alzheimer’s Disease. It is also common enough to wreak havoc on the best of financial situations if denial is present.

Having experienced it first hand with my Grandmother, I’d like to share an exceptional book that will guide you through the maze. Additionally, some pointers learned the hard way. The book is titled, “The 36 Hour Day”, authored by Nancy L. Mace MA and Peter V. Rabins, MD.

Some pointers (learned the hard way, in my own experience):

If behavior becomes odd- repetitive communication, name confusion (in our case, Grandma would answer the phone, “hi, LyLauriSu”- a combination of all of our names) start paying attention. Alzheimer’s creates a “void” in the memory bank. Just imagine a space in your brain that is suddenly blank. Nothing there when called upon to remember. For an interesting view, please link to: http://www.alz.org/alzheimers_disease_4719.asp

Purchase the book to have all aspects of the disease illustrated. The purpose of this blog is to assist you with the real estate end of this devastating disease. If you REMOTELY SUSPECT that your loved one is dealing with this affliction, I cannot emphasize enough the importance of making sure that you are in possession of a DURABLE POWER OF ATTORNEY . This document CANNOT be procured once the victim is unaware of the implications, so act early. What many people do not understand is that a simple power of attorney is void if the individual is deemed “incompetent” with respect to decisions being made on their behalf. A durable power of attorney permits you to assist them regardless of their mental capacity.

HERE IS WHAT OCCURRED WITH MY OUT OF STATE GRANDMOTHER:

Because of the insidious gradual nature of the disease, while things seemed odd, she was able to “fool” us for a time. Unaware of her day to day, the phone calls (while occasionally alarming) were often enough normal that we delayed action. Unbeknownst to us, the predators were in full swing in her daily life. Her “lawn guy” discovered that if he brought a full bag of leaves to the door, she’d pay him. He figured out that whatever afflicted her, he could bring the same bag to her door several times a day, and she would pay him again and again. Terminix, the pest control company, was employed by her to rid her of pests. The individual employed at the company (I’ll never forget his name on all of those checks- Robert Auvil) returned several times a week, and informed her that she still had “snakes in the crawl space”. At 400-800.00 a pop, he had the checks made out to himself, several times a month. Her banker became alarmed when she appeared at the bank to withdraw a large amount of money for new siding on her house- he was aware that just a few short years earlier, she’d had the house sided. Unable to stop her, it was re-sided.

All the while, the alarm increased as she repeated, over and over again, that it was sweltering hot, and that Readers Digest was going to be arriving any minute with the Grand Prize. Day after day.

The end result was to put her in an environment that created safety. For most families, this is the most difficult decision- after all, if her memory was leaving, pulling her out of her home would surely create further damage, wouldn’t it? We were absolutely shocked when she not only forgot all about “home”, but embraced the new living environment. Shocked.

WE DID NOT HAVE A DURABLE POWER OF ATTORNEY. In order to provide her with the best care, her house needed to be sold, and the proceeds put into an account for her care. Without the durable power of attorney, control over the sale price, and the proceeds, fell to the state of Virginia.

While this in and of itself was not impossible to work with, what was enormously stressful for my mother was working with the time line. The government is not known for speed. Documentation, court appearances, the sale of personal items via auction (all proceeds recorded and reported) and the ultimate sale of the house went from simple to extraordinarily complicated. All the while, Grandma was safely ensconced in her new environment, but the bills were piling up.

For the families going through the difficulty of the disease, the hours spent dealing with the system in place adds enormous stress to an already heartbreaking situation. It’s not necessary to go through the legal aspects if you get a durable power of attorney early enough in the progress of the disease.
For anyone in this situation, my heart goes out to you. You’ll get through it, and have some surprises with your loved one that you never expected- I don’t recall ever laughing with Grandma as hard as I did during one of my last visits to her house. She was hilarious, despite the disease, and enjoyed roaring with laughter.

IF YOU SUSPECT THAT A FAMILY MEMBER IS IN THE EARLIEST STAGES OF THIS DISEASE, GET A DURABLE POWER OF ATTORNEY IMMEDIATELY. IF YOU FIND YOURSELF WONDERING IF THIS MIGHT EVER AFFECT YOU, PROVIDE A DURABLE POWER OF ATTORNEY TO A TRUSTED FAMILY MEMBER. Speak with your attorney to assist you with the decision. Some available resource links:

http://www.oag.state.ny.us/seniors/pwrat.html,

http://docs.google.com/Doc?docid=dgps2bbf_45d4qfmp&hl=en_us

http://www.alz.org/living_with_alzheimers_legal_issues.asp

Real estate is often the source of funds for future care. Don’t find yourself at the mercy of a state entity to make decisions that you would be able to resolve with integrity yourself. Having the benefit of fast action, if necessary, is paramount for the safety of your family member.

****This is not to be construed as legal advice. This is a real life situation that became complicated due to ignorance of the disease, and available options. Talk with your family lawyer about preventative solutions.

North Fork Long Island Sellers: Try Home Staging!

Laurie Mindnich at Options Realty — Sun, 24 Jun 2007 16:54:31 -0700

Authored by: Options Realty -Laurie Mindnich

June 24th, 2007

While most of you may be aware of the term “staging”, many people aren’t fully aware of the process. We recently had the pleasure of a staging experience with ValAllocco, Owner- STAGED 2 SELL NY. She clarified it for us, and for our sellers. We’d like to share the info that we learned at this meeting.

STAGING IS NOT EXPENSIVE. The staging consultation that we experienced was $200.00. For this, Val will come to your home and walks, room to room, making suggestions. This is done with the advice from her that there are two kinds of homes: YOUR home, and the “home that you want to SELL”. Two entirely different properties.

STAGING IS NOT INSULTING. Val is completely aware that people live in their homes, and never expects to walk into a “model home” environment, because that isn’t the way most people choose to live. Other priorities come before creating a model feel- cherished mementos, photos, etc. are all part of who we ARE. They belong in your environment. They don’t necessarily work in the “home that you want to SELL”.

At Options Realty, we are so enamored of the process, and increase in possible dollars in your pocket to try it that we are considering it as part of our services to you, the seller. If you are pricing your house in such a way that it demonstrates market value, the staging experience will be “on us”. $200. for a consultation is a very small price to pay to get your property in tip top showing condition.

Val offers the full gamut, and if you choose to have additional furniture brought in, plants, etc. the cost is higher. If she recommends paint, or any type of improvement, that’s up to you, the seller. What we found is that her suggestions, without any additional cost, created exactly the environment that we were seeking for prospective buyers, simply by rearranging a bit, and offering additional light and space by moving large pieces out altogether. Simple.

Any advantage that we can find in this tougher market to get your house sold should be utilized- you deserve our full commitment. I hope that this assists you with the staging concept- a set of eyes that view your home as a buyer will view it is an invaluable addition to our marketing tools!

Mattituck-Laurel Historical Society Lawn Sale Approaches- The BIGGIE!

Laurie Mindnich at Options Realty — Thu, 14 Jun 2007 22:13:37 -0700

Authored by: Options Realty - Laurie

June 14th, 2007

To those in the North Fork of Long Island, New York that LOVE a great yard sale, the queen of sales approaches, featuring antiques, collectibles, furniture, bake sale and more. On July 7, 2007, from 8am to 4pm the Mattituck-Laurel Historical Society will be providing the creme de la creme- come one, come all!

An annual event, this is a sought after lawn sale, offering collectors of unique treasures the opportunity to locate anything from vintage linens, jewelry, clothing, china, and trinkets at amazing prices.

We’ve had the pleasure of attending this event, and it has never disappointed. The cars arrive early, so be prepared for a pleasant stroll along Main Road in Mattituck, New York to reach the sale. The sale is held on the lawn of the Museum grounds on Main Road (Rte. 25) and Cardinal Drive, Mattituck.
- and the number of participating vendors make this a “can’t miss” for those interested in items that are located on the North Fork.

Donation $1.00 – Rain Date 7/8 – For additional information, please call: (631) 298-0020 or 298-5248.

Take the weekend to look at houses for sale on the North Fork- Riverhead, Jamesport, Aquebogue, Laurel, Mattituck, Cutchogue, Peconic, Southold, Greenport, East Marion, and Orient, New York. We’d love to help!

2006 Long Island, New York Profile of Buyers and Sellers- Suffolk County

Laurie Mindnich at Options Realty — Mon, 14 May 2007 14:13:55 -0700

A few interesting facts about Suffolk County, New York, buyers and sellers, as reported and prepared by the National Association of Realtors Research division, for 2006 (an excerpt):

General characteristics: median age: 42. First time buyer median age: 39. Median income:$95,300.00. First time home buyer median income: $86,900.00.

Characteristics of homes purchased: 61% were single family homes. Median sales price: $455,000.00 Typical size of home purchased: 1939 square feet

The home search process: Typical buyers searched for a median 10 weeks and saw a median 10 homes. 81% used a real estate professional during their home search. 46% of buyers used the internet to search for homes. 52% of buyers rated real estate agents as a very useful information source with an additonal 32% rating them as somewhat useful.

35% will definitely use their agent again; 33% will probably use their agent again. 56% reported that they were "very satisfied" with the honesty and integrity of their agent. Buyers searched for a median of four weeks on their own before contacting an agent. 91% ranked honesty and integrity as "very important".

Where Buyer Found the Home they Purchased, 1997-2006: real estate agent: 41%. Internet: 12%. Yard sign: 11%. Print/newspaper ad: 12%. Friend, relative or neighbor: 12%. Directly from sellers/knew sellers: 8%. Home book or magazine: 0%.

MORE GOOD INFO TO COME!

Fifty Five and…BETTER! A Lifestyle Change

Laurie Mindnich at Options Realty — Wed, 18 Apr 2007 12:15:04 -0700

April 18th, 2007

Recently, I have been employed with a highly respected national home builder. This builder specializes in luxury condominium communities for those fortunate enough to be fifty-five or… better. I was close enough to the action to become involved in a very intimate purchasing decision from the fastest growing buying population- the tidal wave of baby boomers looking for a simpler existence.

I observed that people in this demographic are often unsure. There is confusion about a retirement community as opposed to an active adult community. The notion of a truly premature deliverance to a retirement “home” is unthinkable to this group. They are still YOUNG.

To continue reading Fifty Five and…BETTER! A Lifestyle Change, please follow our link.

Don't Miss the Boat!

Laurie Mindnich at Options Realty — Sat, 10 Mar 2007 06:47:49 -0800

We are all bemoaning the current sad state of the mortgage industry, laying blame where it belongs (it is absolutely their responsibility).

HOWEVER, getting past that presents a really good opportunity for those of us (I not being one) in high risk areas.

When I began my career in Denver in the 1980's, it seemed that every other house was a foreclosure, challenging the best of agents to unload nice properties. Not savvy at 24 years old, I did the normal things when working with these very distressed sellers, and occasionally, got lucky before a huge price reduction.

I noticed, however, that often, a specific agent would pop up on a fairly regular basis with the "bank owned" properties. Typically, the banks (this was on conventional loans, NOT FHA) would fix up the properties, and be very, very negotiable- this individual would have what amounted to...A GREAT LISTING.

Other agents regularly ran an ad that would basically offer help, if one found one's self in a pre-foreclosure situation. The possibility of a deed-in-lieu-of foreclosure was often appealing, and people would work with the agent, AND THE BANK, in order to get the seller out from under the albatross.

The point is, in the current (and absolutely temporary) climate, there are some great opportunities out there to help the seller, and get an "in" with the banks. Take advantage of this- I missed the boat due to a lack of experience then, and am currently in an area that has very few foreclosed properties, but there are great relationships to be made for you right now.

Summer approaches in the beautiful North Fork of Long Island, NY...

Laurie Mindnich at Options Realty — Thu, 22 Feb 2007 19:01:42 -0800

Despite the incredibly cold weather, we were teased by spring yesterday in the North Fork. While it's certainly premature to seek out budding trees and flowers, the warmer weather has made it all seem so PROMISING...another summer in our little vineyard laden, water encompassed enclave...the activities will soon begin! Topping the list of many will be the presence of our boats (some big!) that now remain snug in their wrap- but seemingly, a bit restless. The temptation to get into the season prematurely begins with this first taste of spring...but we'll wait out the inevitable blast of winter's final exhale- hoping against hope that it is that last of this weather!