Friday, November 15, 2019 / by Vanessa Saunders
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.
So, what’s the #1 reason to list your house in the winter? Less competition.
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months supply of listings from the National Association of Realtors.
As you can see, the ‘sweet spot’ to list your house for the most exposure naturally occurs in the late fall and winter months (November – January).
Temperatures aren’t the only thing that heats up in the spring – so do listings!
In 2018, listings increased from December to May. Don’t wait for these listings and the competition that comes with them to come to the ...
Thursday, November 14, 2019 / by Vanessa Saunders
Buyers are allowed to make requests of home sellers when they see repairs they feel need fixing before they sign the purchase contract. Some buyers make the mistake of submitting a laundry list of requests. The goal of requests for repairs should be to ensure that the home is in a safe, livable condition. But when over-the-top requests and frivolous demands are made by buyers, the seller may reply with a few pointed requests of his own and end the negotiations.
While buyers have a right to ask for repairs, sellers also have the right to say “no.” The following are guidelines we like to follow to keep both sides moving forward.
1. Be sure the home inspector isn't inflating minor issues to justify his fee.
Some inspectors can raise buyer's hackles by using language such as “near the end of its useful life” (frequently seen for furnaces) or “recommend replacement.” Hire an inspector whose reports are thorough and sensible.
Wednesday, November 13, 2019 / by Vanessa Saunders
First Ice on the Pond, Pomona, NY, November 13, 2019
Winter chills came early to the Hudson Valley this year. We woke up to ice on the pond first time this season. It prompted that annual discussion about thermostats, temperatures and heating your house.
Is it more economical to keep your home heating zones at a single steady temperature all winter, or to turn down the heat when you are sleeping or away, and turn back up when you return?
The common sense answer seems to be to keep the temp steady because it takes more energy to return the house to a comfortable level. Sounds logical, but it turns out to be wrong.
According to the US Department of Energy (DOE) it requires more energy to keep the house at its normal temperature 24-7 than to heat it back to that temperature after dialing th ...
Tuesday, November 12, 2019 / by Vanessa Saunders
Last September we reported on a newly passed law in New York requiring all LLC's purchasing real estate property to reveal the names and addresses of everyone associated with the corporation. The move was intended to root out absentee landlords and owners of one to four family homes whose properties had code violations and other violations.
We wrote a second blog in mid-October reporting how the new law had caused an uproar among NYC real estate brokerages involved in condo sales. (Which is pretty much all of them.)
Celebrities wanting to hide and criminals wanting to hide money would no longer be able to do either. Brokers predicted the end of real estate condo sales in New York City as we know them.
Well, the brokers got their way. On Monday, the Wall Street Journal reported that condo buyers in New York are NOT required to report the names of LLC associates. Somehow, the state dropped the mention of condos on its website explaining the law.
James Gazzale ...
Monday, November 11, 2019 / by Vanessa Saunders
Veterans qualify for ZERO-down home mortgages when buying a home. So far, thousands have taken advantage of this amazing benefit for our veterans and active-duty service personnel. Thank you, vets!