What Are Delayed Showings & Negotiations In Real Estate Delayed showings and negotiations play a significant role in the real estate market. Delayed showings involve listing a property on MLS but postponing visits for a certain period. This strategy generates more interest and can potentially increase the sale price. While there are funky ways to sell a house, this isn’t one of them. We will explore the concept, benefits, considerations, implementation steps, challenges, and tips for buyers interested in properties with delayed showings. Buyers and sellers should stay informed about this critical aspect of the real estate market. In my…
Author: Private Lending Agent
Winter belongings storage checklist With the cold season fast approaching, many homeowners begin to ask themselves if they know how to properly winterize their home. Homeowners should begin the work of preparing their belongings for winter. From tools and outdoor furniture to sports equipment and recreational vehicles, most households have items that need to be protected from rain, snow, and ice. Finding enough space in your home to adequately protect all these items from harsh winter weather can be a challenge: your garage, shed, or basement may not be enough to house them all and use them comfortably according to…
What Are The Risks of Buying A Non-Warrantable Condo in New York Condos that aren’t warrantable come with risks and challenges. Fannie Mae and Freddie Mac have strict eligibility criteria. Some factors include completion of construction, majority owner-occupancy, and limits on unit ownership. Non-warrantable condos could be permanently ineligible or potentially eligible in the future. Buying a non-warrantable condo can mean difficulty securing financing, higher interest rates, and larger down payments. It is crucial to work with lenders and agents who understand these properties. Exploring alternative financing options and addressing HOA issues are also essential. With over 13 years of…
What Builders Need to Know About Spec Construction Loans in New York Spec homes have become a popular term in the real estate and construction industries. But what exactly are spec homes, and how do builders finance their construction? We explore the details of spec homes and explore the important topic of spec mortgages, which new builders need to understand their financing options. I share my expertise as a new construction real estate agent in Rochester, NY who enjoys working with buyers in the construction of their new homes. Being well informed can help contractors get their construction project off…
Relocating to Finger Lakes Region of New York Nestled in the heart of upstate New York lies a region of unparalleled beauty and charm: the Finger Lakes. For those considering a move to this picturesque area, a tapestry of natural wonders, vibrant communities, and rich cultural offerings awaits. Whether you’re drawn to the serenity of shimmering lakes, the allure of rolling vineyards, or the warmth of small-town hospitality, the Finger Lakes region beckons with open arms. The Finger Lakes region is a very popular destination for those who’re thinking about buying a vacation home but also an ideal place to…
What role does location play in determining a home's value? When it comes to real estate, the adage “location, location, location” isn't just a catchphrase. It's a fundamental principle that resonates at the heart of real estate valuation. A home's surroundings play a large role in its market value, with location often being less important than other factors such as the size, condition, and style of the property. We'll look at how location impacts home valuations, highlighting factors like school districts, crime rates, and proximity to daily necessities. Our ability to juggle these variables provides potential homebuyers with valuable insights,…
Navigating the Numbers – The Pros and Cons of Using an Online Home Value Estimator for New York Real Estate Even in the digital age, the real estate market has not been left behind, with online home valuation tools such as Zillow and Redfin becoming increasingly popular among buyers and sellers. These platforms leverage vast amounts of data and complex algorithms to quickly understand a property's potential value. But while these tools are convenient and provide quick results, their accuracy and the extent to which they should be trusted are often debated. We look at the advantages and disadvantages of…
What Is A Property Condition Disclosure Statement In Real Estate A seller’s property condition disclosure is a legal document required in some states in real estate transactions that provides undisclosed information about the property’s condition. It aims to inform buyers of any potentially unfavorable issues related to the property. Disclosure requirements may vary by state and can include specific problem lists, questions for the seller, space for additional explanations, and a list of included appliances. Both buyers and sellers must understand the legal and financial implications of accurate disclosure. In my experience as a Pittsford NY RE/MAX real estate agent,…
Lowe’s Vs U-Haul – A Review Of Truck Rental Companies The truck rental industry has become an indispensable part of logistics and transportation. This is especially true in facilitating smooth personal and business relocations. With the rise of do-it-yourself moving, individuals and companies seek reliable and cost-effective rental solutions. Among the myriad options, Lowe’s and U-Haul stand out as prominent providers, each with unique offerings and service models. We will comprehensively compare U-Haul and Lowe’s truck rental services, focusing on pricing, truck sizes, rental periods, and customer feedback. By dissecting these elements, we aim to provide a clear perspective on…
Top 5 Low-Cost Home Improvements to Do Before Putting Your House on the Market 5 Low-Cost Home Improvement Projects to Do Before You Put Your House on the Market Let's be honest, when you're getting ready to put your home on the market, anxiety often creeps in that it won't sell quickly or that you won't get the amount you hoped for. This becomes even more real when you start imagining what the home inspector's report will look like and what buyers will think of it. On the other hand, you can feel good knowing that there are things you…