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From the Desk of Gary: Spring Brings Increased Competition
Gary Leogrande
The Spring market is here in full force. Buyer activity is up tremendously. It is not at all uncommon to see Multiple Buyers submit offers on our listings. Interestingly, some of these Buyers and their Agents are not understanding the realities of the moment.
Some Buyers are making offers 10, 20 or even 40% below asking price. They then get upset when the Seller doesn’t accept their offer. Meanwhile, there are some smart Buyers and Buyers Agents that are reading the tea leaves of the market. They are evaluating the property on its merits yet taking into account the landscape of the marketplace. Seeing increased competition from other Buyers, they are coming in with Strong offers in both price and terms. These Buyers are able to reach agreements with Sellers and get the property under contract quickly. Meanwhile other Buyers and their Buyers Agents don’t even realize what happened.
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The National Housing Market Continues Upward Trend
 National home sales are at a three year high.
After climbing steadily for the past three months, November's Pending Home Sales Index rose 1.7 percent to 106.4. This is the highest the Index has reached since April 2010, when the deadline for the home buyer tax credit was approaching. But November's increase isn't due to stimulus; rather, an increase in demand and highly favorable housing affordability conditions are spurring the gains... Read More
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Taking Steps Toward Better Credit
 When you're struggling with thousands of dollars of debt, saving a few bucks here or there may seem like a drop in the bucket. Yet in financial terms, those drops add up, and can ultimately create a more positive overall picture. That seems to be the case for the country, as evidenced by a recent report on credit scores and credit habits among American consumers.
Experian's third annual State of Credit report, which analyzes the average VantageScore... Read More |
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No Fiscal Fall: Real Estate Tax Laws in 2013
 Now that the dust has settled over that fiscal cliff, it's time to look at the fallout. How has real estate been affected by H.R. 8 legislation signed into law by President Obama on January 2, and what will it mean for homeowners, buyers and sellers?
Great News for Short Sales
Short sales will continue to qualify for mortgage cancellation relief through 2013. This allows homeowners a tax break for the difference of the sale price and the amount still owed on the mortgage, an amount that is forgiven by the bank in the bargain.
Mixed News for Mortgage
Insurance Premiums
If homeowners have... Read More |
Remodeling Projects that Sell: Beautiful Built-ins
 If you're having trouble selling your cookie-cutter house, then it may be time to up the ante by creating a unique selling point that will have buyers lining up at your door. Since house hunters often talk about their need for storage space, why not give them something that covers that base but also adds a touch of class? In other words, why not give them built-ins?
The benefits of built-ins.
Because they don't take up floor space, built-ins are ideal for storing or displaying a variety of items that you want to either show off or keep from view. Buyers covet built-ins not only for the extra storage that they provide but also for their sumptuous looks. Along with... Read More |
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Featured Listings | |
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316 Kemeys Cove1,500 sq ft. 3 bed, 2.1 bath $369,000
OPEN HOUSE
Sunday, Feb. 10th 1-3pm |
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, 120 Bloomingdale Road, Ste 101
, White Plains NY 10605
The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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