Maximizing Your Home’s Potential For Sales
SIMPLE CHANGES CAN IMPACT HOW QUICKLY YOUR PROPERTY SELLS AND AT WHAT PRICE
Many cosmetic changes can be made with minimal time and expense. Buyers will be comparing your property to competing properties. So here are a few practical tips to help yours stand out above the rest.
Unclutter
Eliminating clutter will make your property feel larger and brighter. If your property is uncluttered and neutral, prospective buyers can explore it comfortably and envision it with their own personal touches.
Repair
Making certain repairs will present your property in a more positive light to prospective buyers, and can also add to Read more
Verdi’s Evangelical Preacher Stiffelio, Brooding & Raging, Returns to the Met
by Bruce-Michael Gelbert
On January 11, the Metropolitan Opera revived Giuseppe Verdi’s “Stiffelio” (1850) and Plácido Domingo, protagonist of the 1993 Met premiere and 1998 revival, this time presided in the pit. For the work, Verdi set the then contemporary tale of a German protestant minister, Stiffelio (Stiffelius), also called Rodolfo Müller, whose wife, Lina, has an affair with Raffaele von Leuthold, a young nobleman, in her spouse’s absence. Lina’s father, Count Stankar, avenges the family ‘honor’ by killing Raffaele Read more
Want a Strong Investment? Buy a Home in New York City
There are many reasons why it is a good idea to invest in New York City real estate, for instance, unlike in many other areas of the country where properties have devaluated as much as 40%, NYC has depreciated only approximately 25% (when compared to cities like Los Angels or San Francisco) according to an article from TheStreet.com. The real estate industry remains very active, the volume of the transactions have increased, there is a large foreign investor interest, and the supply remains low compared Read more
Fabulous 3 Bedroom Summer Home Designed By Renowned Architect Horace Gifford
LOCATION: Fire Island Pines, Fire Island
PRICE: $875,000; TAXES (month - approx.) $417
STYLE: CONTEMPORARY
ROOMS: 6
BEDROOMS: 3; BATHROOMS: 2
LOT SIZE: 75′ x 125′
See more information about this property | View more images
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DESCRIPTION
3 Bedroom, 2 Bathroom, Horace Gifford designed home with a solarium on the garden side. Open-living floorplan style main room, Living-room, Dining-room, Kitchen with Read more
Interest Rates Predicted to Reach 6%
Interest rates are likely to rise to 6 percent by the end of 2010, predicted Amy Crews Cutts, deputy chief economist at Freddie Mac.
The end of the Federal Reserve program that buys mortgage-backed securities will drive rates higher because private buyers will demand more return than the Fed.
“Extraordinary resources have been put into keeping the rates down and supporting the mortgage markets and it’s hard to imagine that the rates can go much lower than they are,” Crews Cutts said. “Anything we get at or below 5 percent is a gift at this point.”
Source: Washington Post, Dina ElBoghdady
Real Estate Headline News
:: Week-to-week mortgage applications rise 14.3%: MBA (Marketwatch.com)
:: More homeowners get long-term help (CNNMoney.com)
:: New York City property values edge higher to $797 billion (Reuters)
:: Five Key Housing Issues to Watch in 2010 (WSJ.com)
:: Will bonuses save the day for Manhattan real estate? (CNNMoney.com)
Mortgage Applications Up as Rates Slip
Mortgage application volume increased 9.1 percent last week compared to the previous week on a seasonally adjusted basis, according to the Mortgage Bankers Association.
On an unadjusted basis, the index rose 10.4 percent, but was down 52.3 percent compared with the same week a year ago.
Much of the decline compared to the previous year pertained to refinances. The unadjusted purchases index increased 9.8 percent compared to the previous week and was down 19.1 percent from a year ago.
Interest rates decreased last week:
30-year fixed-rate mortgages decreased to 5.00 percent from 5.13 percent.
15-year fixed-rate mortgages decreased to 4.33 percent from 4.45 percent.
1-year ARMs decreased to 6.72 percent from 6.83 percent.
Source: Mortgage Bankers Association
A 2010 Guide To Buying A Home in New York City
Caught in the maze of buying an apartment in New York.City?
The rules are different in New York City than in other parts of the country!
For the inexperienced some of the differences may be perplexing, however, we can guarantee that if you do your homework and keep this guide handy, the process will flow much more smoothly. Our job at Douglas Elliman is to help you determine which type of apartment is suitable for you, to assist in neighborhood selection, to educate you regarding real estate prices, and to pair Read more
Beautiful Summer Retreat; Total Renovation, 2 Bedroom Home, Approx. 250 ft. From the Beach
LOCATION: Cherry Grove, Fire Island
PRICE: $795,000; TAXES (month - approx.) $100
STYLE: BUNGALOW
ROOMS: 5
BEDROOMS: 2; BATHROOMS: 1
LOT SIZE: 75′ x 95′
See more information about this property | View more images
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DESCRIPTION
Beautiful west end 2 bedroom, 1 bathroom bungalow, recently renovated, situated on a large property - an incredible gem next to the national seashore parklands. Open floor plan living - living/dining/kitchen great room, with glass Read more
New York City 4th Quarter 2009 Rental Report
Rental price indicators below prior year quarter, stable since third quarter
All rental price indicators, excluding concessions, were below levels seen in the same period a year ago, but showed signs of stability since the prior quarter. Rental price per square foot was $47.02, down 4.6% from the prior year quarter and down 1.7% from $47.84 in the prior quarter. Average rental price fell 4.3% to $3,789 in the fourth quarter from $3,958 in the prior year quarter, but saw a nominal 0.8% uptick from $3,759 in the prior quarter. The smaller price declines and mixed results from the prior quarter suggest near Read more
The Wall Street Journal- The New York Times
- Matrix
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