One of the most important aspects of home buying is selecting the perfect neighborhood where you see your family spending years enjoying and contributing to the community. There are many offline methods and online tools to help you narrow down on the neighborhoods that fits you. Talk to co-workers, friends 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
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
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
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.
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.