buyers: Making plans to downsize or upgrade - 02/24/21 06:18 AM
Over the years I have met many homeowners who were contemplating downsizing and the work involved in the process that goes along with it. It can boggle many minds due to what has to be accomplished from deciding who to hire to sell the home, de-cluttering and the preparation as well as any repairs that may have to be considered to optimize the property’s  functionality and appearance to future buyers.
Questions will arise as to when to sell, where to move and what will be needed to feel comfortable within a certain defined budget. There are so many more questions to be … (0 comments)

buyers: Understanding the mentality of sellers, investors and purchasers - 02/16/21 06:49 PM
Over the years as one is enscounced in the real estate business, those of us who act and conduct ourselves in a professional and transparent manner are constantly learning, absorbing and educating ourselves to expand our knowledge to better service our clients.  This, in turn, becomes an extremely valuable asset and tool that we use to assist, guide and share with our sellers, investors, purchasers and tenants of residential and commercial properties. Those who choose this path of becoming educated and wiser through careful listening while practicing and performing our business to become quite adept at understanding how our sellers and … (1 comments)

buyers: Better to sell now or wait until the Spring? - 02/10/21 05:13 AM
We had our second snowstorm on Long Island in less than a week, but purchasers were still going out searching for their next place to call home. I have observed the most qualified and serious families and individuals venturing out with their masks, gloves and booties to view homes, condos, coops and even rentals. The buyers and tenants figure there would be less competition at this time of the year rather than waiting until the spring rush, when the weather is more conducive for those snow birds and snow flakes to re-enter the market.
Most important and understandable is that if you … (2 comments)

buyers: 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)

buyers:  Interest rates hold key to market - 01/21/21 07:13 PM
  As we all know, interest rates are historically low, demand is exceptionally high (for those homes and properties that are priced correctly) and inventory is less than four months, the lowest on record. This has, for the most part, caused home prices in 2020 to increase between 9 percent and 13 percent, depending on the area even though inflation was less than 2 percent.
This is a casebook example of a supply-and-demand economic scenario that some of us learned in school. However, it is an impossible and untenable situation for the long haul. But how many really remember how it … (4 comments)

buyers: Home buying rebounds in terrible year - 01/21/21 07:02 PM
So many lives, businesses, jobs, and families have been impacted, disrupted, and devastated during 2020 and you would think that there were no positive situations or events whatsoever. However, for those renting, at least there were laws passed where one could not be evicted or foreclosed upon, and those have now been extended as of Dec. 27. However how long that will be in effect is anyone’s guess, especially if you have lost yourbusiness, job, or your salary was drastically reduced. How about the small landlord whose income is dependent upon the tenants paying their rent, what about them? It appears … (2 comments)

buyers: All things real estate: Cryptocurrency has role in housing market - 08/13/20 03:37 PM
 
  By Philip A Raices- August 10, 2020     17 Shares The current Covid-19 pandemic started with the first diagnosed case in Washington State on Jan. 20, 2020, and was confirmed by the U.S. Centers for Disease Control and Prevention. So we are approaching almost seven months of the ever-increasing pandemic with higher infection rates in a multitude of other states outside of New York, especially those in the Carolina’s Georgia, Florida, Texas, and California.
I am not sure how we can more effectively monitor and control those people coming in and at the same time maintain our extremely … (0 comments)

buyers: Why aren't you looking to purchase in this historic time? - 08/11/20 03:34 PM

If you’ve been a regular reader of my weekly column as well as other periodicals, you should be well aware by now of how low our housing inventory has been and probably will continue to decrease further (and the many reasons why) as long as the demand and historic low-interest rates continue on the path that they have taken. Even with the current pandemic and overwhelming spiking infection rates in 41 states, the strong desire of the smartest and financially capable purchasers is to continue looking. They have realized the opportunity at this special moment in time in searching out and … (0 comments)

buyers: Are you listening and caring about your clients concerns? - 07/30/20 08:09 AM

In our current working environment, it becomes imperative and critically important to pay attention to as many details as possible when catering to your sellers, investors, purchasers, and even renters!
In order for you to follow through within our new norm of doing business, listening, paying close attention, and truly understanding what everyone really needs and wants becomes a number one priority!
Asking probing questions, providing the necessary and required new COVID-19 forms to be completed are the initial steps, to begin with even before showing the property as required by the Department of State agents should be emailing or faxing those forms … (0 comments)

buyers: 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)

buyers: 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)

buyers: THERE IS NO BUBBLE, GO OUT AND PURCHASE! - 12/25/18 08:29 AM
4 Quick Reasons NOT to Fear a Housing Crash There is a lot of uncertainty regarding the real estate market heading into 2019. That uncertainty has raised concerns that we may be headed toward another housing crash like the one we experienced a decade ago.
Here are four reasons why today’s market is much different:
1. There are fewer foreclosures now than there were in 2006 A major challenge in 2006 was the number of foreclosures. There will always be foreclosures, but they spiked by over 100% prior to the crash. Foreclosures sold at a discount and, in many cases, lowered … (0 comments)

buyers: Will the interest rate hike further effect the real estate market? - 12/24/18 12:28 PM
Jerome Powell, our Fed chair raised the Fed rate a ¼ of a point to 2.50 on Wednesday, Dec. 19, which will have been the fourth increase in 2018.
This is the overnight short term rate that banks charge each other for borrowing money amongst themselves. However, it just may have an effect on long term rates, as well as other rates on lending instruments. However, due to the still historic low housing inventory in most major markets, and still strong buyer demand for homes, condos and co-ops the market will continue to be very active, only if you price your property … (1 comments)

buyers: THIS COULD BE THE MOST OPPORTUNE TIME TO SELL! - 10/03/18 01:18 PM
If You Are Thinking of Selling You Must Act NOW! If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned about the concept of supply and demand, so we understand that the best time to sell something is when the supply of that item is low and demand for that item is high. That defines today’s real estate market.
Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:
“Contract signings inched backward … (0 comments)

buyers: What are you planning after the dog days of summer are gone? - 08/27/18 10:33 AM
Now that the summer is passing by your rear view mirror, have you figured out your plan to sell, invest, purchase or rent this fall?
Although I have talked and conversed with many, many sellers, investors, landlords, purchasers and tenants this year, to ascertain how and what they are thinking and pondering about in their next move into or out of this strong market, I have come to several conclusions.
The first one is that the market is not waiting for anyone to decide what to do, it’s still moving along at a very brisk pace with its limited inventory (sales have slowed … (0 comments)

 
Philip A. Raices, 1 of the Most Knowledgeable Brokers on the Net! (Turn Key Real Estate)

Philip A. Raices

1 of the Most Knowledgeable Brokers on the Net!

Great Neck, NY

More about me…

Turn Key Real Estate

Address: 3 Grace Ave Suite suite 180, Great Neck, New York, 11021-2415

Office: (516) 829-2205

Mobile: (516) 647-4289

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A source of a multitude of Articles on Real Estate that helps sellers, buyers, investors and renters, leasing of Residential and Commercial Properties in Great Neck and the surrounding areas of Manhasset, Port Washington, Glen Head, Sea Cliff, Glen Cove, Brookville, Upper Brookville, Old Westbury, Roslyn, Albertson, Carke Place, Garden City, Mineola, Searingtown, New Hyde Park, Manhasset Hills, Little Neck, Douglaston, Bayside, Fresh Meadows, Whitestone, Jamaica Estates, Bellerose, Hollis, Hollis Hills, Jamaica Estates, St. Albans, Laurelton, Kew Gardens, Kew Garden Hills, Forest Hills, Flushing, Nassau County, Queens County and New York City. Ask about our Free/No Obligation Relocation Services; we will relocate you for free anywhere on the Globe!!!


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