Buying a home does not have to be overly complicated nor rocket science. Every current home owner have already done it, and pretty much followed a similar game plan. Be realistic about your perfect home. A new condominium or a Read more…
Coming up with 20% for a down payment helps you avoid having to buy private mortgage insurance (PMI). For down payments less than 20% of the purchase price, the mortgage lender will require you to buy PMI. Why is the Read more…
After your initial conversations with a rebate realter, they will suggest neighborhoods where you might be interested in living at whether it is Manhattan, Brooklyn or Queens. Then the search begins with the type of house you are looking for Read more…
Typically it is best that we accompany you to a new construction listing and register you as a client in the sales office. A buyer rebate may be available if the new construction’s builder has incentive packages for buyers and Read more…
Besides the monthly mortgage payments that home owners are responsible for, there are additional costs to home ownership: Condos and co-ops have a monthly common charge to cover building maintenance, staff salaries, and reserve funds. With single family home ownership, Read more…
When a house is a fixer upper, people start thinking complete tear down and rebuilding from the ground up to resell at a profit. Unless you are already a contractor or in the contracting business, it is not recommended to 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 Read more…
Fixed rate mortgages offer stability where your monthly payments are always the same for the full life of the loan. 30 year fixed rate mortgages are popular with home owners who want to borrow more and pay a smaller monthly Read more…
Good schools often determine neighborhoods and home prices. Every parent is willing to pay a little more to own a home in an area to make sure their kids attend a good local school. Good schools help to maintain and Read more…
The easiest way to prioritize is to have a list. It will help you understand if a certain home matches with the items on your wishlist. How many bedrooms do you need? Planning to start a family or have elderly Read more…