Explore Albany, NY

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I had an investor experience yesterday that I thought might serve as a good reminder to any student tenant landlords. I received a call New Year's day from a downstate investor while I was watching the  Siena Saints defeat Fairfield at the Times Union center. My investor owns about 20 units rente...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
As I have indicated in the past I handle a considerable amount of property that never makes it to the ranks of the local Multiple Listing Service for various reasons. The following properties are available for sale and are not listed on the multiple listing service.  400 block of Morris street,2 ...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I was driving around last week immediately after are most recent snow storm and it struck me how important a good real estate sign is. Statistically many many more homes are sold from a buyer seeing a sign then say open houses or many other marketing methods. Yet many many firms still don't bothe...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Open houses have been used for decades. In Albany, they are still used routinely to market homes. The question is, "Is this the best use of an agent's time?". In most cases I think the answer is no. Open houses were an effective tool years ago before the Internet really took off.  To think that a...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I have the following properties available that are not currently listed in the MLS. If you are interested in any of these properties call me or visit me online at Albany NY Real Estate Latham-Raised ranch on a great lot with 4BR,1.5B and a great remodeled cherry kitchen. Available in the $230,000...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Once you find your dream home a it is critical to have a home inspection completed by a licensed home inspector to locate any potential defects or deferred maintenance. Over the years I have been on countless home inspections and seen many many problems that could have cost buyers tens of thousan...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I had a closing last week on new construction built by a local builder. This was a luxury home that cost my buyer client well over $600,000.  I won't name the builder for obvious reasons but it is a well know local builder. During construction there was a major drainage issue with the property th...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Well its about time. The Greater Capital Region Association of Realtors expects up to a 15 percent decline in the number of licensed Realtors in the Capital Region according to a recent article published in the Business Review. Currently there are 3,500+- Realtors in the Capital Region. This is s...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 1
60 Minutes ran a story tonight on the second wave of foreclosures we are going to face as "Alt-A" and Option arm loans start resetting. The numbers thrown out on the program pegged the value of these loans in the the $1.5 Trillion range. If you watched the interview it made you think the bottom w...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I read and subscribe to many periodicals including the Wallstreet Journal, Businessweek, The Business Review, Inc Magazine,  etc, etc. My wife subscribes to many magazines but her main read is "People".  I noticed a funny thing in my home over the last couple of weeks. A good percentage of people...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
First let me say I understand the pain of being a property owner in upstate NY. We have some of the highest overall tax burdens in the entire country when you figure in income tax, gas taxes, sales taxes, and property taxes. However, for now I want to talk about property taxes. I still hear it al...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
The perception among many is the Realtors simply drop homes in our Multiple Listing Service (MLS) system and they sell themselves. This is far from the truth! As a broker I spend a considerably amount of time networking and keeping track of current and future deals that may or may not  be listed ...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Not a week goes by that I don't receive multiple requests to complete a Broker Price Opinion (BPO) for an out of state BPO firm.  A Broker Price Opinion is an opinion of value generally based on a drive by of the property. In general, BPOs are completed by a lender to evaluate non performing coll...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
The evaporation of 100%  investor Loan to value mortgages and stated income loans was hard enough on local investors. Now Fannie and Freddie, as I understand it, have  reduced the number of homes an investor can finance from 10 down to 4. This is  major problem for any investor that wants to purc...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
The bad news is everywhere! Just this week I noted the closings or announced closings of Garcia's Restaurant, Supersteel, Oak express, and Thomasville furniture. Garcia's has been an Albany fixture for years. The furniture store closings are of concern because furniture and appliances are closely...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
$239,000 This historic 4 unit home was just listed and is perfect for owner occupancy. The home has over 4,600 square feet of living and and features a huge two story 2,000 S.F. apartment perfect for owner occupancy!  Owner this building and live in an apartment that is larger then many entire ho...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
I recently had the pleasure of sitting through one of the most tension filled and difficult closings I have had in the last several years. I represented the buyer and the sellers were represented by the listing agent that worked for a major local real estate company. The day before the closing th...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
It seems interest in buying Albany NY foreclosures or HUD homes is growing. I am getting more and more calls about buying HUD homes. Buying a HUD home is easy! A HUD home is a home that was purchased using an FHA loan with a bank or mortgage broker. Since it was an FHA insured loan HUD takes the ...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Despite the media hype now remains a great time to buy a home. There is still a relatively high inventory and good selection of homes for sale entering the fall market. If you have good credit today's rates just dropped below 6% for a 30 year fixed rate.  If you want to check daily mortgage rates...

By Kevin Clancy, Real Estate Broker - Albany New York
(Http://www.clancyrealestate.com)
Comments 0
Doing business as an Albany landlord and real estate investor is a challenge. I often describe the difficulties to clients of dealing with the City of Albany. The Albany Water department and building departments are two  of the most difficult to deal with. Below is a story of from a local investo...

Albany, NY Real Estate Professionals