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  • New York Real Estate Experts Blog

    Wednesday, May 09, 2018   /   by June Quilantang

    Guide To Home Inspections

    Finally, you found your dream home! But it is not yet the end of the story. One significant thing (which is commonly taken for granted) in home buying is having it inspected before closing the deal. Why is it important? Generally, agents suggest that you offer contingent on a home inspection. It is an opportunity to renegotiate or create certain conditions that is beneficial to all home buyers. Don’t worry your real estate agents will guide you along the way. Here are some tips on how to choose an inspector  

    Qualifications – find out what’s included in your inspection and if the age or location of your home may warrant specific certifications or specialties.
    Sample Reports – ask for a sample inspection report so you can review how thoroughly they will be inspecting your dream home. The more detailed the report, the better in most cases.
    References – do your homework – ask for phone numbers and names of past clients who you ...

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    Wednesday, January 25, 2017   /   by June Quilantang

    Buying a Home is More Affordable than Renting

    According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed. The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from the Department of Labor and Statistics to determine the percentage of income that a family would have to spend on their monthly housing cost (rent or mortgage payments). Rents have been surging faster than home prices in about 37% of the markets measured. Daren Blomquist, Senior Vice President of ATTOM Data Solutions warns that rising interest rates could be ...

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    Tuesday, January 17, 2017   /   by June Quilantang

    How Important is Getting Pre-Approved...

    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. Freddie Mac lays out the advantages of pre-approval in the My Home section of their website: "It's highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets." One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be ab ...

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    Tuesday, January 17, 2017   /   by June Quilantang

    Real Estate TV Show Myths Explained

    Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just in one sitting. When you’re in the middle of your real estate themed show marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.
    Reality TV Show Myths vs. Real Life:
    Myth #1: Buyers look at 3 homes and make a decision to purchase one of them.
    Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors the average homebuyer tours 10 homes as a part of their search.
    Myth #2: The houses the buyers are touring are still for sale.
    Truth: The reality is being staged for TV. Many of the homes being shown ar ...

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