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Monday, January 23, 2017

Real Estate

Vacation Time! Time to Buy a Vacation Home or Secondary Residence?

If you are like many in the community, thoughts of school break and winter vacation are dominating your current plans. Undoubtingly after your trip is over, many will think back fondly on the temporary escape they just enjoyed. One way to keep the prospect of more frequent vacations is to actually buy a secondary residence or

Mitzpe Ramon: Not Just a Resort Town

When I mention the name Mitzpe Ramon to most people, the first thought that comes to mind is either the Ramon Crater or the luxurious Beresheet hotel and spa. Undoubtedly, these attractions deserve all their accolades.

Clients who have visited the Beresheet spa, an ultramodern,

Deal Savers

You would totally appreciate your mortgage advisor if you knew all that goes into getting a mortgage loan today. There are numerous programs, underwriting guidelines, processing strategies and systems, rate-lock strategies and, last but not least, working with and coordinating the many professionals involved in a deal to get to the

Your Fico. My Fico. Their Fako.

This past week, the Consumer Financial Protection Bureau (CFPB) announced that two of the three major credit reporting agencies (TransUnion and Equifax) that are responsible for providing consumer credit scores, have been fined for misrepresenting and misleading millions of Americans.

The three

Open Houses Are Only One Way to Look for a Home

Kudos to Shmuel Shayowitz on featuring the age-old question in the January 5 Jewish Link issue featuring “Open Houses: Worthwhile or Worthless?” The article certainly gives good pointers and the information is vital for consumers who are either selling or looking for a home to purchase. As an experienced realtor,

Real Estate Scams

Real estate scams have been proliferating all over the country, and even the most astute and vigilant among us can fall prey to the scammers. From young people, seeking their first rental in Manhattan, to older folks facing foreclosure—all are potential victims. Never assume that you are too smart or too experienced to fall into a trap:

Open Houses: Worthwhile or Worthless

We all know the common saying, “Time is money.” On the surface, it means time is a valuable commodity, so it’s best to do things as quickly as possible. When it comes to real estate and house-hunting, I would like to suggest that this expression means that one should spend the necessary time on things that get the best

How to Prep Your Bank Account to Buy a Home in 2017

This is it: 2017 is the year you will finally buy a home! But even once you’ve made the ultimate decision to make the leap into homeownership, your hard work is far from complete. Buying a home is a big commitment and costs a lot of money — and getting the mortgage you want at the best interest rate possible is enough

Is Now the Time to ARM Yourself?

An Adjustable Rate Mortgage is a perfect solution for borrowers who are interested in saving money with a lower interest rate. In the past, the adjustable rate mortgage was the topic of many articles. Those articles pointed out the negatives, but overlooked the positives. Proper up-front analysis is the key. Some borrowers bought houses they couldn’t afford

Bulls, Bears, Elephants and Donkeys

Why 2017 Is Going To Be A Great Year For Real Estate

The elections are over and thus far we have been left with a volatile marketplace that has propelled the stock markets to historic levels, and caused interest rates to climb to 24 month highs. As the year is coming to an end, Democrats,

What Is a Home Warranty? Should I Purchase It?

In the course of buying a home, sellers may offer buyers home warranties as a means of inducing or sweetening a sale. Depending upon what is specifically covered in the warranty contract, buyers of older homes may find reassurance in the promise that, should the home’s named appliances and systems fail to function, the homeowner will be

Challenge for Overseas Buyers: Apartment Registration

My relatives recently sold their apartment, and the contract signing was delayed by over a month because their identification numbers on the apartment registration were from expired passports, which had since been replaced by new passports with new passport numbers.

Soon after this