BID OFFER MINUS YOUR BUYER REBATE A buyer rebate provides for some wiggle room on what a buyer is willing to pay. If the seller counteroffers your initial bid with a higher amount, then you want to see if the buyer’s rebate is enough of a cushion for you to Read more
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
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
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