patchogue real estate: Short Sale vs Foreclosure – 10 Common Myths Busted
- 02/13/13 01:52 AM
It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market and economy, has this process become a part of the public consciousness. To be eligible for a short sale you first have to qualify! To qualify for a short … (2 comments)
patchogue real estate: The Heron Building - Our New Home
- 09/10/12 04:00 AM
We’ve helped thousands make their move. Now we are making ours! We are very excited to announce that on Thursday, September 13, 2012 our office is moving (we outgrew old old space!) into the newly renovated Heron Building located at 2410 N. Ocean Ave on the corner of Horseblock Rd. Our phone numbers remain the same! You can reach us anytime at 631-363-5434 or on the cell at 631-560-1912 … (0 comments)
patchogue real estate: 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)
patchogue real estate: 4 REASONS TO BUY A HOME NOW!
- 05/17/11 04:55 AM
As Dean Hartman said last week, the purchase of a home is a personal decision. However, we want to give everyone four great financial reasons why you should not wait before taking the plunge into homeownership.
Interest Rates Are Increasing Interest rates have increased almost 3/4 of a point in the last six months. Most experts expect rates to continue to increase through the year. Interest rates along with price determine the overall cost of a home. Even with prices softening, if interest rates rise, it may be less expensive to buy now rather than wait.
The 30-Year Mortgage … (1 comments)
patchogue real estate: This Year, A House Becomes a Home Again!
- 01/25/11 08:55 AM
For almost a decade now, every time we talked about real estate we immediately discussed money. We didn’t talk about the value of a home but instead about the price of the house. We didn’t worry about a roof over our heads but instead the ceiling on our interest rate. We didn’t care as much about where we raised our family as we cared about how much we increased our family’s net worth. That will change in 2011. The KCM Crew believes very strongly that real estate will return to what it has been for the 200+ year history of this country: a … (0 comments)
patchogue real estate: 2011: The Year a House Again Becomes a Home
- 12/29/10 01:07 AM
2011: The Year a House Again Becomes a Home by The KCM Crew on December 29, 2010 For almost a decade now, every time we talked about real estate we immediately discussed money. We didn’t talk about the value of a home but instead about the price of the house. We didn’t worry about a roof over our heads but instead the ceiling on our interest rate. We didn’t care as much about where we raised our family as we cared about how much we increased our family’s net worth. That will change in 2011. The KCM Crew believes very strongly that real … (0 comments)
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