Some houses are sold directly by owners in Flushing Queens when owners prefer to do everything themselves without involving real estate agents. On average, 5-6 percent of all Queens homes are FSBO. Agents generally may not show these FSBO homes as they may not be paid a commission by the Read more…
Potential buyers are generally focused on new and active listings once it appears on the market while overlooking the properties that have been on the market for an extended period of time, including expired listings and price reductions. Expires and price reductions usually indicates there may be something wrong with 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…
Should you buy a house if you are single and only need one room? Will you be able to afford the mortgage payments? A lot of buyers have bought a larger Flushing house with 4-5 bedrooms which is more rooms than they need, and filled the empty rooms with roommates. Read more…
Is the down payment amount preventing you from buying a home? Be creative, and the down payment becomes only a small part of home buying process. Get a loan from a family member. Ask for a gift amount from parents. Buy the property together with a relative or a friend. Read more…
“As-is” means like it sounds. If a used car is listed “as-is” by the car dealership, then the buyer takes the car “as-is” after paying. Any issues found with the car afterwards is the responsibility of the new owner and not the dealer because it was listed “as-is”. A home Read more…
When you buy a home, the money that goes toward a mortgage is building equity in the long run. With a good chance for real estate property to appreciate, the home value may be worth more than the money you put in over the years. Paying off the principal of 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.
Before buying into a condominium or co-op, it is important to research the community association regardless if it is brand new or very well maintained in appearances. The community association deals with day-to-day rules that affects the quality of life and community finances. Request for the board meeting minutes – Read more…
Scheduling too many viewings per day is analogous to eating more than you can chew. After a few initial viewings, the information that you can retain about a house becomes less and less. The reason being is that houses have more important aspects to remember than a majority of items Read more…