I ran across an interesting article called “Study provides insight into typical New York REALTOR®” released by the New York State Association of Realtors® in the September/October 2009 issue of Realtor® Magazine. The article outlined the results of a statewide and nationwide survey of 91 questions sent out to approximately 100,000 random Realtors®. How many actually [...]
..It’s actually a law in New York. How often is a home buyer told that heating bills are X, and after moving in and receiving their first winter heating bill, they go into shock. In real estate, no one likes to be deceived or mislead. It is one of worst feeling in the world. Along [...]
First, if you were not aware of the $8,000 credit that first time homebuyers have access to then read my article on the topic. Secondly, the Federal Housing Administration (FHA) is proposing a new change to the new tax credit. The government is doing everything conceivable to get people into homes. ( I hope no [...]
Federal Housing Administration (FHA) loans have been around for a long time, but were not very popular during the boom years, especially in Westchester County. However, FHA loans are making a comeback because 1-prices have come down to FHA loan limits and 2-most banks are not offering FHA-type loan programs anymore. Below we highlight the [...]
First let me start by letting you know that I sell homes, not mortgages. For more details on your mortgage and seller’s concession contact your mortgage broker or mortgage agent. In its simplest terms, a seller’s concession is when the seller agrees to increase the sale price of the home so the buyer can use [...]
In general terms: A co-op is a corporation that owns real estate. If you belong to a co-op, you own stock in the corporation and the exclusive right to a given unit. There is usually an underlying mortgage on the property and your co-op fee includes some or all mortgage payments as well as other [...]
Simply put a condo is a type of ownership and a townhouse is a type of construction. Without too much legal jargon, you own a condo and live in a townhouse. In a condo, you own everything from the paint inward and from the paint outward is held in common ownership by the condominium association, [...]
