START THE BUYER REBATE PROCESS EARLY Contacting us before you sign any contracts will allow us to work with you through the process of obtaining a buyer rebate for your home purchase. In fact, the earlier the better because we are a full service real estate brokerage that can help Read more…
Military service comes with perks in the form of VA loans. No down payment No private mortgage insurance No prepayment penalty 1.5% to 3.3% of the total borrowed as VA one-time funding fee If your salary can support home ownership without saving up for a down payment, then a VA Read more…
In a seller’s market (also known as a hot market), homes in Manhattan move fast and don’t stay listed for long with more buyers than homes available for sale. Usually a drop in interest rates start and prolong the seller’s market as more people can afford to buy homes with Read more…
One of the obstacles that co-op buyers face is the preparation of a Co-op Board Package that helps the Co-op Board in approving the co-op purchase into their building. Even if a buyer decides to pay for the co-op 100% in cash, the Co-op Board can still reject the purchase Read more…
Often times we are not able to have everything we wish for in a home due to a higher cost than anticipated or any unforeseen changes in financial circumstances. However to make owning a home a reality, consider your first purchase by going with a starter home. It will come Read more…
BUYER REBATES OPEN UP THE NEW YORK REAL ESTATE MARKET TO NEW AND INNOVATIVE BUSINESS MODELS The New York Attorney General encourages home buyers to work with agents to get a buyer rebate. Commission rebates help open up the real estate market to new and innovative business models. Rebating by Read more…
When we think of search, Google automatically comes to mind. A broker types in a few keywords, and information is returned by Google. In real estate, Zillow, StreetEasy and MLS are the search engines that buyers and brokers have available at their fingertips. These websites aggregate listings from listing brokers Read more…
When housing supply is plenty with few buyers, the prices of apartments and homes are lower. In a buyer’s market (also known as a cold market), it is possible for the buyer to get more out of a Manhattan real estate transaction. Periods of buyer’s markets: Dot com bubble September Read more…
A house makes a good investment towards building equity. At the same time when you are ready to sell your home, there is no capital gains tax on any net profit less than $250,000 per individual (and up to $500,000 per married couple). That means an individual is saving about Read more…
Generally, mortgage lenders will require 2-years of self employment income records to qualify for a loan. However, a No-Doc or Low-Doc loan is available to borrowers who can provide other supporting documentation when income documentation is not available. A No-Doc loan is designed for self-employed individuals with hard-to-verify incomes, and Read more…