buyer: How to attract buyers in today’s housing market
- 08/22/22 10:25 AM
Creating a viable and successful open house today requires some changes and pivoting to attract slowly changing buyer demand. It is becoming a bit more challenging to find that elusive and motivated purchaser with cash offers or who is qualified with a pre-approval from their lender. The feedback that I am receiving lately is that a portion of cash buyers are thinking twice about putting their money into real estate for the time being and are stepping back and sitting on the sidelines. I believe this is occurring due to their thinking that either prices must come down to make it more … (2 comments)
buyer: Should I purchase a Co-op or Condo?
- 05/15/22 08:26 AM
As prices continue to escalate in the hottest market on record, interest rates have increased. A little explanation is necessary at this point to make everyone know the gravity of our financial situation. The most recent increase last week was 1/2 percentage point (1/4 point on 3.16.22) by Jerome Powell, our Fed chair. A while back he said that inflation would be transitory as we know how that prediction went. He should have started the increases in 2021 with1/8 of a point, anticipating the future with the supply chain the way it was morphing into an extremely challenging time. I am quite … (4 comments)
buyer: The process of a sale from start to finish
- 12/01/21 07:36 AM
By The Island Now - November 22, 2021 0 There are a number of professionals who we have to work with to coordinate our sales, from the attorneys, home inspectors, contractors mortgage brokers, and sometimes managements and co-op boards as well as our sellers and purchasers. Every once in a blue moon a structural engineer to check out the integrity of walls and foundations in a home. The coordination between the parties is tantamount and crucial, especially during the current times, to make sure the transaction heads in the right direction in an efficient and expeditious fashion so the end result will be … (0 comments)
buyer: How first-timers can make a wise buy
- 02/06/21 10:52 AM
Purchasing your first home is a big step and one that is likely to impact your financial future for years to come. The following is an excellent path to pursue to determine where to begin. Your first step will be to establish your budget then speak with a mortgage broker to get a prequalification letter. It’s not just all about your mortgage payments which will include your principle, interest and real estate taxes and insurance (P.I.T.I.) You have to anticipate the other costs of owning like future increase in taxes, repairs, maintenance and emergencies and set aside a little savings for … (1 comments)
buyer: Government shutdown’s impact on real estate and our economy
- 01/23/19 02:21 PM
With 800,000 government employees having to show up at work without a paycheck or being furloughed; the impact on real estate has begun with mortgages becoming unavailable through the Federal Housing Authority or the United States Dept of Agriculture, which are not endorsing new loans for multifamily properties and landlords of public housing, according to Mark Zandi of Moody Analytics. The short and longer-term effects on federal workers who begin to miss loan payments and the lack of money to purchase daily needs are and will have greater financial and psychological effects that may grow as the shut down continues going forward … (1 comments)
buyer: Can I be perfectly honest with you?
- 01/08/19 06:53 PM
We all come in contact with customers all day long, no matter what profession or job we might be engaged in. Even back office staff sometime during the day speaks to someone, whether on the phone or in person; and it’s no different in the real estate profession. We converse with our client sellers, buyers and tenant customers on a daily basis whether on the cell, office phone or in person. The words, “to be perfectly honest” or “can I be perfectly honest with you” or can I be truthful with you, are used so, so loosely, especially today, you have … (0 comments)
buyer: The Dream is Still Well & Alive!!
- 01/08/19 06:14 PM
This is the first column for the new year of 2019 and I hope everyone had some enjoyable and relaxing holiday time with your families, friends and significant others and hoping that your New Year in 2019 will be healthier, happier and more prosperous! Based on the current demand, purchasers are still out there this winter looking and searching for that perfect “white picket fence” of a dream home. But let’s be realistic, finding that letter perfect home is getting much harder these days, due to our still very outrageously low inventory (that is slowly increasing), especially below one million dollars. … (3 comments)
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Creating a viable and successful open house today requires some changes and pivoting to attract slowly changing buyer demand. It is becoming a bit more challenging to find that elusive and motivated purchaser with cash offers or who is qualified with a pre-approval from their lender.
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