home sell: Should I Rent My House If I Can’t Sell It? - 08/06/12 03:15 AM
There has been a lot written about how buying a home is less expensive than renting one in many parts of the country. Rents are skyrocketing and homes are at bargain prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, they can get great rental income now and perhaps wait until house values increase in the future before selling.
This logic makes sense in some cases. We at KCM believe strongly that residential real estate is a great investment right now. However, there is a huge difference between deciding you … (0 comments)

home sell: Where are House Prices Actually Headed? - 05/22/12 11:02 PM
Where Are House Prices Actually Headed? by THE KCM CREW on MAY 22, 2012 
We are often asked where we believe home values are headed. To answer this question we want to quote three separate reports that have been published in the last 60 days: the Home Price Expectations Survey (HPES), the Urban Land Institute Real Estate Consensus Forecast (ULI) and the Demand Institute’s Report (DIR): The Shifting Nature of U.S. Housing Demand. Here are their projections:

A slow but steady return is projected by all.
… (1 comments)

home sell: JUST LISTED IN NORTH PATCHOGUE, NY - 12/29/11 05:30 AM
… (1 comments)

home sell: FSBO A NO GO! A tale of what happened when the owner of FSBO tried to sell his own property! - 08/22/11 02:49 AM
FSBO a No Go! by THE KCM CREW on AUGUST 9, 2011 · 
This blog prides itself on the quality of real estate information we deliver each and every day. We try to gather empirical evidence to validate the positions we take. We do not use just an anecdotal story to make a point. We also do not get caught up in the sensationalism of the moment. However, today will be different. We can’t resist commenting on the story which recently appeared in the Wall Street Journal regarding Colby Sambrotto, the founder and former CEO of forsalebyowner.com. It seems the founding father and lifelong evangelist of the concept of … (0 comments)

home sell: Things to Consider Before Renting a Home You Can’t Sell? - 08/22/11 02:43 AM
In this difficult housing market, more and more homeowners are considering renting their house instead of adjusting the price. We strongly believe that residential real estate is a great investment and therefore can understand this thinking. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Before renting your home, you should take the following steps to make sure this is the right course of action for you and your family. Set a consultation appointment with an eviction attorney People rent out their homes … (1 comments)

home sell: Some Tax Relief on Suffolk Gas Prices - 03/01/11 02:06 AM
By KERY MURAKAM Photo credit: James Carbone | Gas prices at the Lukoil Gas Station on Middle Country Road in Centereach. (Feb. 28, 2011) After seeing gas prices skyrocket 76 cents a gallon in the last year, Suffolk drivers will gain a bit of relief starting today. Under a new law, anyone who buys gasoline in Suffolk will pay county sales tax only on the first $3 of every gallon. Pumps around the county will be recalibrated to not charge the 4.25 percent county tax on any amount above that, as prices edge toward $4 a gallon. According to AAA, the … (0 comments)

home sell: Long Island Home Sales Fall for Seventh Straight Month - 02/16/11 01:52 AM
  Long Island home sales fell for the seventh straight month in January, said the Multiple Listing Service of Long Island. And the median closing price for Nassau, Suffolk and Queens was $360,400, down 1.3 percent from $365,000 a year ago, MLS said. But the dampening of sales started last spring, right after the deadline for the federal home-buyers tax credit, which has been blamed for even sharper drops in monthly closings last year. To get up to $8,000, buyers rushed to sign contracts by April 30, pulling more sales into the first half of 2010. After that deadline, the summer … (0 comments)

home sell: Will More Bank Foreclosures Be Erased? - 01/11/11 02:26 AM
A court in Massachusetts voided two bank foreclosures this past Friday. The decision has already created a ripple effect across the banking community. Will other courts also decide to void local foreclosures? Does this put an added burden on banks when they are trying to complete a foreclosure process? What will it mean to the real estate market? Let’s take a look. 
What actually happened? Though the challenges addressed yesterday might have been brought to light by the robo-signing mess, that situation was not involved in this ruling. The question addressed here was much deeper than someone not checking paperwork. The question … (2 comments)

home sell: 5 Reasons You Should Sell Today - 12/28/10 02:08 AM
5 Reasons You Should Sell Today by The KCM Crew on December 21, 2010
Selling your house in today’s market can be extremely difficult. It is for that reason that every seller should take advantage of each and every chance that appears. There is a fantastic opportunity available right now. Meet with your real estate agent and mortgage professional today and see whether it is the right time for you and your family to make a move.
Here are five reasons you should consider selling in the first 90 days of 2011.
1. Interest rates have spiked up. Rates have jumped over 1/2 … (0 comments)

home sell: Mortgage bankers report 14 percent delinquency rate - 05/20/10 04:36 AM
Mortgage bankers report 14 percent delinquency rate Originally published: May 19, 2010 7:31 PM Updated: May 19, 2010 9:27 PM By EMI ENDO  emi.endo@newsday.com
Nearly one in seven U.S. homeowners fell behind on mortgages or were in foreclosure from January through March, the Mortgage Bankers Association said Wednesday.
That 14 percent delinquency rate was lower than the preceding quarter's 15 percent - the highest since the group began electronic records in 1979.
Still, roughly one in 10 borrowers nationwide, a record high, missed at least one payment in the first quarter of 2010.
Jay Brinkmann, the group's chief economist, said, "If … (0 comments)

home sell: SHORT SALE CERTIFIED! - 04/26/10 07:40 AM

 
We have negotiated and closed many short sales in the past 2 years.  We are now Long Island Board of Realtor Certified with the RSSP Designation. 
We have closed both short sale listings and buyer purchases of short sale properties.
With many more homes being served with late notices and foreclosure notices, it is vital for the public to seek help from experienced and short sale certified Realtors.
While there is a lot of paperwork required by the seller's bank, having an agent who has done it many times successfully before can make the difference.  We can hold your … (0 comments)