Whether a Flushing short sale property is sold or bought generally relies on the approval of the original lender. In a short sale, the listed price is lower than what the home owner owes on the mortgage. By selling the property the seller hopes that the lender will forgive the Read more…
One can wait for a real estate market reversal if you are not in a rush. However, trying to time the real estate market is difficult for anyone from amateurs to professionals. How many home buyers got caught up in the real estate investing frenzy before the 2008 financial crisis? Read more…
Tax deductions are not as straight forward as single family houses or condos. Your best bet is to get guidance from the co-op management company on how to much maintenance you can deduct. Generally the portion that covers the building’s real estate taxes are deductible. Flip tax is guided by Read more…
New York City is an international city at the top of global city rankings. Being integrated and connected to the global economy, New York City attracts and appeals foreign buyers from all over the world. A piece of New York City real estate offers value and scarcity on land measuring Read more…
Making a down payment gives you the power to leverage other people’s money towards your home. At the same time, if the home appreciates in a low interest environment, you get to enjoy the appreciated value as well.
A mortgage is a commitment for you, and a risk for the lender. If you stop making payments on your mortgage after the home value drops from the original purchase price, the lender can sell the house in a foreclosure sale. If the foreclosure sale does not cover the remainder Read more…
As equity builds on a home, it is possible to borrow money against the home for home improvement projects, large purchases, or anything that you did rather not buy with a credit card. The HELOC rates are generally higher than the primary mortgage.
Luxury Condo Doorman Pet Friendly Elevator In-Unit Washer / Dryer Outdoor Space Dish Washer Gym Parking Sky View Parc Yes 2 rooftop dog parks Yes Yes Private 6-acre rooftop garden w/ BBQs, swimming pool, tennis courts, basketball court, children’s playgrounds Yes Yes Yes The Grand Yes 2 rooftop dog parks Yes Yes Private Read more…
Making a mortgage payment is similar to paying yourself because the money goes into building equity of your real estate property. After paying off the mortgage, the real estate property belongs to you 100%. Buying a home is a long term play. Common mortgages are 15 years to 30 years Read more…
After graduating from college or after moving to a new city, few people ever think about home ownership when they are single. Instead it is more common to spend the disposable income on eating out, drinks, and rent. Regardless of whether you may be a couple or single, home ownership Read more…