New York Real Estate Blog: April 2008

UNDER CONTRACT IN 84 DAYS!!!!!

Property Description 

6 Family Building In The Heart Of Bushwick. Needs Tlc. All Units Are 3 Bedroom Apartments.Great Investment Building With Many New Upgrades, Newer Roof. Great Opportunity For An Investor Or User To Own A Treasure Of Real Estate In This Prime Location.Total Annual Income- $51,300. Water- $375/Quarter;Electricity (Hallway Meter)- $90/Mo.; Insurance- $3,000/Yr.; Gas- $300/Mo. (Average)

Bsmt/Subfl- Full Finished Basement

1^st Floor- (2) - 3 Bedroom Apartments

2^nd Floor- (2) - 3 Bedroom Apartments

3^rd Floor- (2) - 3 Bedroom Apartments

Lot Size- 25 X 100

Lot Square Footage- 2,500

Building Size- 25 X 70

Approx Int SqFt- 5,250

Taxes- $$3,564

School District- 16

Zoning- R-6

UNDER CONTRACT IN 84 DAYS!!!!!

Listing Price: $639,000

Contract Price: $600,000

Listing Date: January 23rd, 2008

Expiration Date: July 23rd, 2008

Contract Date: April 16th, 2008

Proposed Title Date: May 1st, 2008

Days on the market: 84

UNDER CONTRACT IN 84 DAYS!!!!!!

Vincent Martinez

Prudential Network of Homes

107-02 Jamaica Ave.

Richmond Hill, NY 11418

Email: ProRealtor@verizon.net

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

I'ts April 15th and you've got till mid-night to file your taxes (if you haven't already done so).

To find the value of your home with a FREE, over the net HIGHEST PRICE ANALYSIS of your home, please visit: http://www.NewYorkAreaHomeSource.com

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before others buyers do, please visit: http://www.AllNYlistings.com

There is an alternative to Foreclosure... it's called the shortsale!!

Foreclosure:

• A foreclosure will ruin your credit and will be on your report for up to 20 years!
• Your are responsible for the difference on the amount of debt.
• A deficiency judgement on your credit.
• The sheriff puts you outside the home.
• Court settlement.
• Big attorney fees.
• Can't buy in again for 10 years.
• You pay the difference at the closing table (sometimes tens of thousands of dollars)

Advantages of a Short Sale:

• A shortsale can removed from your report after only 6 months!!
• A shortsale shows as a PAID IN FULL!!!
• Your credit is saved.
• Negotiated settlement.
• Bank pays your attorney fees.
• Bank pays violations on the home.
• Bank pays debts associated with passing a clean title.
• Can buy again in 2 years (maybe less).
• Your debt is eliminated.
• Bank pays your Realtors fee.
• UPDATE President Bush signs Mortgage Forgiveness Act (e-mail me to get your own copy).

Watch this Video

Not every loan will be negotiated as a shortsale by the bank. There are certain guidelines (every bank is different) Contact me and I'll help you if you qualify to do a short sale. ProRealtor@verizon.net

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

Hablando de Casas Explica "Short Sales" y "Foreclosure"

Foreclosure:

• Un foreclosure le destruye el credito y se queda en el reporte hasta 20 años!
• Usted es reposable por la deuda en la diferencia del lo que se vende.
• Un deficiency judgement en su credito.
• El sheriff los vota de la casa.
• Court settlement.
• Pagos grandes de abogados
• No puede comprar denuevo por 10 años.
• Usted paga la diferencia en la mesa de cierre (la differencia de lo que se debe)

Short Sale:

• Un  short sale se puede quitar de su reporte despues de solo 6 meses!!
• Un  shortsale enseña PAGADO en su reporte de credito!!!
• Su credito se salva.
• El settlement se negocea.
• El Banco paga por su abogabo.
• El Banco paga por las violaciones de la propiedad.
• El banco paga todo por pasar un titulo limpio al comprador.
• Puede comprar denuevo en 2 años (hasta menos).
• Su deuda se elimina.
• El Banco paga por el Real Estate.
• President Bush ya firmo el Mortgage Forgiveness Act (mandeme un emai para su propia copia).

Escuche este Video

No todos los prestamos de hipotecas seran negociados como short sale por el banco. Hay regulationes (todos los bancos son differente) Mande un email para ver si qualifica para empezar un short sale. ProRealtor@verizon.net

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

UNDER CONTRACT IN 29 DAYS!!!!!

Property Description 

100% Brick 2 Family Used as a 4 Fam. Mint 2 Family. Immaculate Condition.House Has New Windows, Kitchen, Steps, Flooring, New Roof, New Electrical Troughout Home, And New Circuit Breakers. Home Is In Immaculate Condition And Is Extremely Cozy. Backyard Is Incredible!! This House Will Go Fast. Subject to Bank's approval of a short sale.

Bsmt/Subfl- Full Finished Basement

1^st Floor-  2 Apt.s - LR, Kit, 2Brs, Full Bath / Studio with Fbth

2^nd Floor- 2Apts. - Lr, Kit, 2Brs, Full Bath / Studio with Kit & Bath

Lot Size- 26 x 100

Lot Square Footage- 2,600

Building Size- 19 x 55

Approx Int SqFt- 2,090

Taxes- $1,100

School District- 19

Zoning- R5

UNDER CONTRACT IN 29 DAYS!!!!!

Listing Price: $479,000

Contract Price: $400,000

Listing Date: March 12th, 2008

Expiration Date: September 12th, 2008

Contract Date: April 11th, 2008

Proposed Title Date: July 1st, 2008

Days on the market: 29

UNDER CONTRACT IN 29DAYS!!!!!!

Vincent Martinez

Prudential Network of Homes

107-02 Jamaica Ave.

Richmond Hill, NY 11418

Email: ProRealtor@verizon.net

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

A: Attached or Single - definitely attached - 12 years this May!

B: Best Friends - the list is too long and I will surely forget someone important, so let's not even try, okay?

C: Cake or pie... neither!

D: Day of Choice: Monday -

E: Essential Items: cell phone, pen, listing agreement

F: Favorite Color: hunter green

G: gummy bears or worms: neither!

H: Hometown: NYC, NY

I: Indulgences: eating out, fast food - I'm a particular sucker for Wendy's cheeseburgers and fries.

J: January or July - JANUARY! I love winter, love snow, love cold days

K: Kids- 2 girls

L: Life is incomplete without: my family, great food, uplifting music

M: Marriage date - May 30^th 1996

N: Number of siblings - 2

O: Oranges or apples - apples all the way!

P: Phobias or fears: drowning, fires, snakes

Q: Quotes:  All high achievers plan their work and work their plan, for they are keenly aware that "luck" is most often being prepared to take advantage of a situation. - Unknown

R: Reason to smile: my wife and my kids, my work

S: Season of choice: fall, I don't know if it's because the leaves are changing and summer is going away, or if it's because the holidays are coming or if it's because my b-day is in the fall... all are good reasons to love the fall, I guess!

T: Telephone - Treo 700wx

U: Unknown fact about me - I play the violin

V: Very favorite store - Best Buy

W: Worst habit - I crack my knuckles incessantly... it drives my wife nuts!

X: X-ray or ultrasound - definitely ultrasound

Y: Your favorite food: tough one... I LOVE cheese fries.

Z: Zodiac sign: Libra

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/

SEARCH over 50,000 homes online for FREE and be the first to know about HOT NEW LISTINGS before other buyers do, please visit http://www.allnylistings.com/

Many experts recommend that you focus on the kitchen first when preparing your home for sale (This is crucial to your bottom line). For many potential buyers, the kitchen is the most important room in the house (a lot of time is spent in there).  Since the kitchen has the power to make or break an offer, you should do everything you can to enhance it before showing your home to buyers.  And, most experts agree that next to painting, improvements in the kitchen are the most profitable.  Remember though, money you spend here is a cost of selling, you don't want to do a full remodel, but rather take some affordable steps to show what you have in the best possible light.

• Start by creating space.  You want the kitchen to look large, light and roomy.  Clear the counters of all clutter.  Take everything you can out of drawers and shelves and move it to storage.  You can almost count on buyers opening your drawers and shelves when they come to see your home.  What you want them to see is space, and plenty of it, not your old pots and pans.
• Consider paint.  Paint is always the most profitable improvement.  A fresh coat of light, neutral color paint on your kitchen walls will make them look spotless and new.  Exactly the look you want.
• Pay particular attention to the sink.  It should be absolutely free of stains and of course there should be no leaks or drips!   If your faucet looks old and dated, consider replacing it with a new one, it will go a long way towards improving the look of the whole kitchen, for very little money. 
• Counter tops.  If your counter tops are looking old and tired, you should consider new ones.  Remember to stick with neutral colors though.
• Freshen up the cabinets.  Replacing the cabinets is expensive and probably doesn't make sense.  But you can paint them, or put new, modern looking pulls on them for very little money and give them a fresh look. 

In short, buyers will be quick to notice any shortcomings in your kitchen.  So you want to do everything you reasonably can to freshen up your kitchen and give it a new open large look. 

To find the value of your home with a FREE, over-the-net home HIGHEST Price Analysis, please visit: http://www.newyorkmarketvalue.com/