Here is a selection of Properties that are listed on the MLS as Foreclosure/REO/Short Sale or Bank Owned properties. September 6, 2010 There are 15 active listings with an average list price of $35,993 ranging from $12,000 to $46,900 There are 15 pending/under contract sales and no closed sales in the past 30 days YTD [Continue]
In today’s Real Estate market you may here the term “Short Sale” and you are probably wondering to yourself and afraid to ask “What is a Short Sale?“. Well basically a Short Sale in Real Estate is when a sale of a house in which the proceeds fall short of what the owner still owes [Continue]
Before you commit to a Western New York lender, here are a series of questions you should ask them. Next to selecting your Real Estate Professional, the most important thing you need to select is your Mortgage Professional. [Continue]
I have a pet peeve - photos that Realtors use for properties.... I have been reviewing a bunch of listings today that I swear the agents went out of their way to show the property in the worst possible way! So here are some things that I saw today that I thought would be a great reminder... [Continue]
Cape Cod style houses were built in New England from the late 17th century until about 1850. In the outlands of Cape Cod, materials and other resources were scarce, thus the houses were often more modest than elsewhere. [Continue]
Beyond commission split there are some very important questions that you should ask a prospective Real Estate Broker. You are an Independent Contractor, this is about your business. For those of you considering a change or unhappy where you are, here are a set of questions that you should ask every prospective Broker that you [Continue]
Fannie Mae and Freddie Mac are publicly-owned agencies overseen by the Federal Government. Fannie and Freddie have very simple and direct mission statements: To make sure that mortgage monies are available to homeowners who are looking for cost-effective home loans. Western New York homeowners do not borrow directly from these agencies. Instead, [Continue]
Well Let's talk about how we approach to having an Open House. Expect that an Open House won't sell your home. But some homes are sold through an Open House. An Open House is our opportunity to meet potential Buyers and start the home buying process with them. It might sell another home we have, and an open house we have elsewhere may just sell [Continue]
Deed in lieu of Foreclsoure 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 the mortgagee (i.e., the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. [Continue]
Is your house worth less then what you owe on your mortgage? If so, the term that defines this is called an underwater mortgage or some also call it upside down and you are not alone, nearly 1 in 6 homeowners find themselves in this position today. Underwater mortgages are mortgage arrangements that effectively leave the owner with more debt on [Continue]
When you buy a condo, you will join an association of owners that determines everything from whether to plant perennials in the courtyard to how to finance a major amenity or roof project. There are stories around the country that are starting to report the problems with HOA’s including foreclosures, members not paying their HOA’s [Continue]
Every once in awhile I come across something that is funny... Here is an interesting home showing and humorous look at disclosure. [Continue]
I hear it on a regular basis from Western New York Buyers: "I want a Great Real Estate deal!" Makes you think of the popular TV game show "Let's Make A Deal!" There sometimes you get a flashy sports car, and sometimes you left with his and her bicycles or worse. Much like the For Sale by Owners, WNY Buyers that try to go it alone without [Continue]
Price reductions are emotional decisions for many Western New York home sellers. A price reduction may be the thing to get your home for sale a SOLD sign on it. Western New York Buyers have many options and price is usually the thing that will stop them from looking at your home, much less even [Continue]
We often talk about the Real Estate market and the inventory is the homes that are for sale. But let’s talk about the inventory that really isn’t inventory; yet. What sits waiting and what exactly are they waiting for? Out showing properties to a client of mine this evening, we discussed a problem that many [Continue]
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