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 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 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 Read more…
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 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 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 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 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 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 Read more…