Buffalo Real Estate News - May 2009

By
Services for Real Estate Pros with Retired Associate RE Broker
    Colleen Kulikowski Is this a good investment property?

    Is this a good investment property? I hear that many times. Think about it. How many times have you seen a run down vacant property in Western New York and thought that would be a good investment? But if you never have invested before how does one know?

    Let's talk about that Good Investment. How much profit you should allow whether you are buying a fixer upper or buying an investment property that is already rented or ready to rent or sell in Western New York. There are many factors that go into deciding if a property is a good investment or not. Don't forget the most important thing to remember LOCATION! LOCATION! LOCATION!

    No matter how you calculate it, there is something you need to remember. They all have one thing in common. It is an old computer term called GIGO or garbage in - garbage out. Why is this important to you? Well it will do you no good if you are analyzing the wrong numbers in your Western New York Investment property.

    [ Continue reading... ]


 

Buffalo NY Mortgage News

WNY Real Estate Terminology - FHA
WNY Real Estate Terminology - FHA Let's talk about FHA - Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring ...
How do I know if that mortgage rate just quoted me is good?
What are Mortgage Rates at? The answer to this question is not as easy as it may seem. If someone tells you what mortgage rates are and does not know your middle credit score, your ...
RealtyUSA announces Job Loss Protection Plan
RealtyUSA announced today that as the Market Leader we are the first real estate company in Upstate New York to offer Job Loss Protection to help buyers and sellers make real estate decisions with ...
Answering Questions that Buffalonians may have about the American Recovery and Reinvestment Act of 2009 
There are lots of questions regarding the American Recovery and Reinvestment Act of 2009.   There are lots of questions how this Act will affect Buffalo ...
Real Estate Explained | Deed In Lieu of foreclosure
Deed in lieu of Foreclosure is defined by Wikipedia as:  "A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e., the borrower) conveys all interest in a real property to ...

Commercial Real Estate

Will Yahoo open a Data Center in WNY?
Sunnyvale California Internet company Yahoo Inc. is looking to establish a data center in Western New York.  Governor Paterson's office confirms that they are talking with Yahoo executives and trying to convince them to do ...
Commercial Real Estate Investment - What not to do!
When you have a losing deal don't blame anyone but yourself. Ways to make money in Western New York commercial real estate: cash flow, appreciation, equity growth, and tax benefits. If you are not making money, ...
Ross Calls for Economic Development Intiatives, Low Taxes, Less Government in State of the County Address
[caption id="attachment_2639" align="alignright" width="275" caption="William L. Ross, C-Wheatfield, delivering portions of the annual State of the County address in Lockport Tuesday night."][/caption] By: Christian Peck LOCKPORT-Challenging county legislators to continue working to preserve and expand Niagara ...
Do you know about the Commercial Revitaliation Deduction?
The City of is one of 40 communities in the United States that is eligible to share in Federal tax incentives to stimulate job growth and promote economic development. The current Niagara Falls Renewal Community ...
Wheatfield Commercial Property For Sale
Commercial Building with great frontage on Niagara Falls Blvd. Was most recently a Beauty Shop, but would make a nice office for small business. Terms enough to tempt shrewdest buyer! Handicap accessible with ADA ...

Find you Buffalo' Home's Value

Featured Homes For Sale

Buffalo Area Open Houses 
Find the latest available list of homes that will be open over the weekend on my home search page. 6312 Everwood Court South Clarence, 14051 NY $ 414,900 Built in 1991 3304 ...
Amherst NY Open House Sunday May 24 1-3pm | 77 Cheshire
Amherst Luxury Home For Sale  This Amherst luxury home is reminiscent of sprawling countryside estate for hunts!  Enter subdivision with a canopy of trees to estate ...
Sold! 171 Dearborn Avenue Buffalo NY 14207
171 Dearborn Avenue Buffalo NY 14207 MLS:  328425 $44,900 This Black Rock two family home for sale is value priced at $44,900 and features two residence. Lower Apartment is a large one bedroom with a living, dining room, and eat ...
9680 The Maples Clarence NY 14031
[caption id="attachment_2718" align="alignleft" width="228" caption="This Clarence Luxury Home is seeking new owners -- could it be you?"][/caption] Each Luxury home has something you desire, and since you waited this long to purchase that Buffalo Luxury Home, ...
Own an Income Property near UB/VA Hospital
City of Buffalo Home for Sale MLS: 327618 678 Minnesota Avenue $54,900 Location!  Location! Location!  Two family home close to VA hospital and UB Campus. Each unit features two bedrooms, 1 bath, living, dining and own utilities. Full basement, detached ...
A new era of luxury living in Downtown Buffalo NY...
Most exclusive luxury condos in Buffalo area A new concept of luxury living in Buffalo NY is at hand and a select few in Buffalo will be able to call the Avant home.   I ...
183 Breckenridge Buffalo NY 14213
183 Breckenridge Buffalo NY 14213 MLS: 327567 $31,900 This charming 2 bedroom single family home has a new heater November 2008, new electrical panel and hot water heater in 2007. Details include: Built in 1900 2 bedrooms, 1 bath Clapboard exterior 1,236 sf of ...

Search for Buffalo Homes For Sale

 

Buy Best Buffalo Homes

5 Reasons You Should Own Your Own Home
Freedom The home is yours. You can decorate any way you want and you will benefit from your investment for as long as you own the home. Equity Money paid for rent is money that you'll never see ...
Deciding on what to offer on the home you want to purchase...
Congratulations!   You found a Western New York home that you want to purchase!  After all that searching on the Internet, going to Open Houses and all this time together looking and we have found the ...
How to reduce the stress during house hunting for your WNY home.
They say that searching for a dream home can be one of the most stressful times in a person's life. Searching with your spouse, it can be compounded by different expectations.  When you start your ...
Buy now in Buffalo New York?
Let's face it the Buffalo Real Estate Market has changed dramatically in the past two years.  What Western New York buyers need to remember that all Real Estate is local.  And just because there ...
Fair Housing Rules Affect WNY Buyers
[caption id="attachment_3506" align="alignright" width="292" caption="Fair Housing Rules prevent Realtors from giving their opinion on neignborhoods."][/caption] Fair Housing Rules Stop Us From Answering Some of Your Questions! What a New York Realtor® cannot tell you about a neighborhood ...

WNY Market Report

Amherst New York Real Estate Market Report May 2009 Update
Living in Amherst NY you are ideally situated to the best of all of Western New York. Head north to Niagara Falls and south to the city of Buffalo. As of the 2000 census, the ...
Amherst Condo - Evergreen
Situated in East Amherst these Townhomes are centrally located in Western New York.    This community is townhouse living at its best. Current Market Conditions May 15, 2009 There are currently 8 Active Evergreen condos for sale with an ...
Amherst Condos - Versailles
Versailles at Amherst is close to the UB North campus these condos in Amherst NY are a popular purchase. Current Market Conditions May 15, 2009 There are currently 3 active listings in Versailles with an average list price ...
Niagara Falls Real Estate Market Report and Homes for Sale
Niagara Falls Analysis Last year at the same time there were 99 closed sales with an average closed price of $52,388 and spending an average of 77 days on the market.   So sales are on mark ...
May 2009 Cheektowaga Real Estate News
What Best Buffalo Homes is doing in Cheektowaga! Just Sold - 69 Biscayne Pending sale - 158 S. Huxley Cheektowaga NY 14225 Featured Home For Sale:  124 South Huxley Cheektowaga NY 14225 About Cheektowaga NY Cheektowaga is a popular suburb ...

This information is provided to you by:

Colleen Kulikowski
Licensed Real Estate Salesperson
(716) 743-5297 Voicemail
(716) 634-4200 x498 Office
(716) 310-4754
Email Colleen Kulikowski

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Rainmaker
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Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

This question is a common one. And you've given them good advice. But no matter how we advise our clients, I find they frequently have their own methods of deduction. We just help them through their process.  =)

May 24, 2009 04:15 PM #1
Rainmaker
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Terry & Bonnie Westbrook
Westbrook Realty Broker-Owner - Grand Rapids, MI
Westbrook Realty - Grand Rapids Forest Hills MI Re

Investing is so personal all we can do is guide them.

May 25, 2009 12:57 PM #2
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Rainmaker
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Colleen Irwin

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