long island: Top Short Sale Processes - Navigating NY's Short Sales - 04/24/16 10:15 AM

 
Any dedicated bargain hunter who scours the Long Island listings is not surprised to find among the most deeply discounted entries one of two notations: foreclosure or short sale.
Everyone knows what the “foreclosure” designation means—it’s been repossessed by the bank. It’s an REO (real estate owned). By discounting the asking price, the lending entity invites buyers to take the property off its books. It is here that the economists’ favorite acronym, “TANSTAAFL” (There Ain’t No Such Thing As A Free Lunch), comes into play. Foreclosed properties have frequently been neglected by their previous owners, who are not happy campers. So the cost of rehabilitation must be … (0 comments)

long island: Recent Developments Impact Long Island, NY’s Real Estate Scene - 04/24/16 09:53 AM

 
A couple of recent developments made the news recently that promised to impact Long Island, NY’s real estate scene either now or in the future. The one that got most of the attention last Wednesday came from a familiar source: Federal Reserve Chair Janet Yellen. Her news conference’s less-than-stirring pronouncement (“Caution is appropriate”) made headlines nonetheless because of the accompanying action (actually, inaction): no increase in interest rates.
Nassau and Suffolk County real estate watchers will remember that when the Fed increased their Fed Funds target rate by a quarter of a point last December, they nudged it upward from zero to … (0 comments)

long island: Do Long Island House Hunters Prefer New Homes? Yes and No... - 04/24/16 09:05 AM

Several different surveys confirm that if you ask American consumers which they prefer, close to twice as many say they would choose to move into a brand new home rather than an existing one. But—and there are several important ‘buts’—when it comes to today’s typical Nassau and Suffolk County house hunter, that answer can be a little misleading.
For one thing, house hunters who don’t even check out Long Island’s pre-owned house listings are few and far between. In actuality, when someone begins to think seriously about buying their next home, it’s highly unlikely they will be able to resist taking at … (0 comments)

long island: Suffolk County Buyers and Sellers Differ…Except in This - 04/02/16 06:39 AM

Right now, just a few days into spring, we are right at the start of Bellmore’s peak real estate selling season. I’ve always found it odd that you don’t hear much about it—but that also makes it the beginning of the buying season, too!
As a licensed New York Realtor®, throughout the course of the year I am privileged to act as the agent for both buyers and sellers in many different transactions. The details I’m called upon to manage do vary somewhat depending on which side I am representing in any given sale—but there is one very significant goal that I … (1 comments)

long island: Long Island Refinance Rates Send Homeowners to their Calculators - 03/16/16 09:58 AM
 
                                                What goes up must come down. Every second-grader has heard and verified this. Second-graders also are reasonably confident that two plus two equals four, and a stitch in time saves nine. By the time second-graders hit high school, they all have developed their consumer common sense, too. They know that the best time to buy something is when it goes on sale. (I checked, but there doesn’t seem to be a maxim to cover this).
This same basic … (0 comments)

 
Core Real Estate Advisors, Inc., Principal Broker: Commercial / Residential (Core Real Estate Advisors, Inc.)

Core Real Estate Advisors, Inc.

Principal Broker: Commercial / Residential

Huntington, NY

More about me…

Core Real Estate Advisors, Inc.

Address: 1732 1st Ave #28611, New York, New York, 10128

Office: (844) 211-5053

Mobile: (917) 525-3516

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