Auction On Madison Fetch Less than 2008 Levels! So Is that Bad or Good? (0)

If you have been following the M127 Condo Auction and Open Houses, it has all come to an end. Surprisingly all the units sold over a million dollars in a building where a little risk proved to not be such a hiccup for these buyers.  With no reserve and all cash buyers, this was a [...]

A Touch of Panic! (0)

Interesting read from the National Market Key Indicator Summary  Source: Hanley Wood
 
Data released this week on the housing front has brought about some reason for concern domestically, while international turmoil relating to sovereign debt has weighed heavily on the equity markets.  Purchase mortgage applications plunged for the second straight week to its lowest levels since [...]

Sales vs. Rent Values: Boring Fundamentals Back In vogue (2)

December 2008
Sales vs. rent values: Boring fundamentals back in vogue
Comparing rental income to sales price useful again in down market

By Catherine Curan
In the heady days of condo buyers rushing to outmaneuver each other with fat offers on New York City residential [...]

Signed, Sealed, Delivered. Go Buy! (1)

The following is a how to, all you need to know, full of facts article about the first-time homebuyer tax credit extension.
RISMEDIA, November 9, 2009—President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.
The extension is part of a $24 billion economic stimulus bill [...]

New Law May Cause Delays for Borrowers (0)

As I read the recent article New Law May Cause Delays for Borrowers , By BOB TEDESCHI it reminded of my earlier post Why Is No One Ready??? Despite the actual laws affecting this, we have minute to major encroachments when getting property financed.  The article speaks very clearly of the legal changes, I would [...]

New Rental Listing…UWS (0)

 New Rental at the The Chesterfield 186 West 80th Street One bedroom Furnished $3300.00 Available June 15th, 2010
Weblink
Negotiable FEE! Sunny Upper West Side Apartment only 2 blocks from Central Park Bright, clean and ready for you! This amazing one bedroom apartment on the UWS is situated just off Amsterdam Ave and is ready for the [...]

New Rental Listing…UWS (0)

 New Rental at the The Chesterfield 186 West 80th Street One bedroom Furnished $3300.00 Available June 15th, 2010
Weblink
Negotiable FEE! Sunny Upper West Side Apartment only 2 blocks from Central Park Bright, clean and ready for you! This amazing one bedroom apartment on the UWS is situated just off Amsterdam Ave and is ready for the [...]

West Village Studio (0)

Adorable West Village Studio!
Found on charming Bethune Street, this small and quaint apartment is brand new to the market. Large plank floors, fireplace and sunny this studio is worth the walk up. The coop consists of 4 buildings and is self managed. Co purchasing, pied e terre are welcome. Ideal for a writing studio or [...]

Apthorp Goes Condo (0)

Apthorp gets official OK for condo conversion
Landmarked West Side apartment house wins a thumbs up from state after months of scrutiny on the actual independence of the earliest buyers.

By Amanda Fung
The controversial condo conversion of the landmark Apthorp apartment house on the Upper West Side has been approved by state officials—but with some stipulations.
The New [...]

Seller Financing Can Have Tax Advantages (0)

Offering to hold either a second mortgage or a primary mortgage in either a residential or a commercial sale can be a good deal for the seller.
The primary advantage is deferral of taxes due. Sellers are normally taxed as the principal is received, spreading the tax bill over several years, explains Richard Schank, a [...]

Your FICO Score- More Important Than Ever! (0)

This article from this past Saturday’s New York Times by columnist Joe Nocera. The article discusses how the increased weight FICO scores are given when underwriters consider approving or denying an individual for a mortgage in the current environment.
…a person’s credit score has become the only thing that matters anymore to the banks [...]

Agents Say Decluttering, Staging Give Best Bang for Buck (0)

De cluttering is key! as well as minor improvements to larger projects to get the number you want for the sale of your home. For my suggestions check out my Getting Ready Guide for selling your home.

HomeGain.com Survey Shows Where Agents Say Sellers Should Put Their Money by Brett Widness, AOL Real Estate editor
Nearly 1,000 [...]

Agents Say Decluttering, Staging Give Best Bang for Buck (0)

De cluttering is key! as well as minor improvements to larger projects to get the number you want for the sale of your home. For my suggestions check out my Getting Ready Guide for selling your home.

HomeGain.com Survey Shows Where Agents Say Sellers Should Put Their Money by Brett Widness, AOL Real Estate editor
Nearly 1,000 [...]