home selling: After Selling: Upkeep or Downscale? - 05/17/16 05:50 AM

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let's look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller's market. In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:
A smaller home means less space, but it also means less time, stress … (0 comments)

home selling: Why You Need A Real Estate Professional When Selling Your House - 03/16/16 02:17 AM

Every homeowner hopes to accomplish five goals when selling their home:
1.    Sell it for the best price
2.    Sell it within a predetermined time
3.    Sell it with the least amount of hassles
4.    Close on the sale the same day they move into their new home
The fifth reason is the most obvious and the most important:
5.    They want to make sure it sells.
In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have access to the vast majority of the available buyers!! According to the National Association of … (0 comments)

home selling: 5 Reasons You Need To Hire a Professional when Buying or Selling! - 01/19/16 04:05 AM

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.
1. What do you do with all this paperwork?Each state has different regulations regarding the contracts required for … (1 comments)

home selling: 5 Good Reasons Why You Should Sell Now! - 07/27/15 05:52 AM

As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now.
1. Strong Buyer DemandFoot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are significantly more prospective purchasers currently looking at homes than at any point in the last two years! These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the market.
2. There Is Less Competition … (0 comments)

home selling: Going FSBO? Think Again! - 06/12/15 06:48 AM

Some Highlights:According to NAR's Profile of Home Buyers & Sellers:
§ 88% of buyers look for their new home online
§ Using a real estate agent can net you 13% more than FSBO'ing
§ There is a long list of people that you will have to negotiate with when you decide to sell your home, using an experienced professional can help ease the process.



home selling: We Need to Sell Your House Twice - 05/05/15 05:21 AM

Every house on the market has to be sold twice; once to a prospective buyer and then to the bank (through the bank’s appraisal). In a housing market where supply is very low and demand is very high, home values increase rapidly. One major challenge in such a market is that bank appraisal. If prices are jumping, it is difficult for appraisers to find adequate comparable sales (similar houses in the neighborhood that closed recently) to defend the price when doing the appraisal for the bank. With escalating prices, the second sale might be even more difficult than the first. And … (1 comments)

home selling: Location is KEY - 03/17/15 07:05 AM

A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.” Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons:
1.    Safer Neighborhood – 30%
2.    Closer to Family – 27%
3.    Change of Climate – 26%
4.    Closer to Work – 25%
5.    For a New Job – 23%
While the majority of Americans (74%) will move within their home state, for the 26% planning to call a new state home, it is important to know that prices in each state are … (0 comments)

home selling: Don’t Wait! Move Up To The House You Always Wanted - 01/19/15 03:43 AM

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. In most areas, prices are still below those of a few years ago. Also, interest rates are still near 4%. However, sellers should realize that waiting to make the move while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can buy will decrease. Here is a chart detailing this point:



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Rummy Dhanoa

Rummy Dhanoa

Bronx, NY

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New York Real Estate Experts

Address: 2150 Central Park Ave, Suite 209, Yonkers, NY , 10710

Office: (914) 920-2299

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