August 29, 2018 rummy

The internet is filled with myths and fake news coming from all platforms, social media sites, blogs and vlogs are amongst the commonly utilized channels. It has conquered politics, entertainment, and product and services alike. Unfortunately, they have infiltrated the real estate market as well. Here are the top myths on Real Estate today. Myth #1: We Are Headed for Another Housing Bubble Home prices have appreciated year-over-year for the last 76 straight months. Many areas of the country are at or near their peak prices achieved before the last housing bubble burst. This has many worried that we are…

August 28, 2018 rummy

We got good news for all homeowners who are planning on selling their homes. Studies show a steady increase of up to 0.2 in home sales over the coming year. If you’re asking whether or not this is the best time to put your home up in the market, then take a look at the chart below. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe that homes sales will increase steadily over the next year. If you are a homeowner who has considered selling your house recently, now may be the best time…

August 22, 2018 rummy

We are all aware that not everything shown on television is true, even those shown on reality TV shows. And although most reality TV shows about Real Estate try to stay honest to the science and process of home buying and selling, and often comes close to portraying real-life situations. They just can’t show the entirety of the process. Let’s admit it, editing teams just wouldn’t find it favorable to show a 3-hour discussion, in a 30-minute segment. Anyway, let’s find out the top 5 myths that just aren’t true about real estate reality TV. Reality TV Show Myths vs….

August 21, 2018 rummy

If you think about it, it makes sense to pay for something monthly that you know will be yours in a few years time. You can consider your monthly amortization a deposit to your personal savings, only you cannot withdraw cash from it. A study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times greater than that of…

August 10, 2018 rummy

The law of supply and demand has been an existential issue in basically all known market (real estate included) since the early days of commerce. This has been seen and used time and again by power players in the arena as an opportunity to dominate and earn more. A lot of studies and speculation points at the recent mortgage rate changes as the main reason for home value increase this year. Here’s the reason why we think otherwise. “The amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price.”…

July 28, 2018 rummy

Don’t miss the opportunity to witness the beauty of this home. Open House tomorrow, July 29th at 1PM-3PM located at 9 Woodland Road Bedford, NY 10506. ​For inquiries: 914.920.2299 www.nyreex.com For more details: https://bit.ly/2JcbdYV   www.NYREEX.com

July 27, 2018 rummy

In the ever competitive world of real estate, the measure of the effectiveness of a marketing strategy is an average of different things. For instance, the cost of your marketing material, how long does it take for you to actually sell your inventory, the amount of effort you have to put in and a few more that I would like to discuss with you in detail on our future posts. The term “the end justifies the means” does not apply at all in this industry anymore. With this in mind, I like to introduce you to Customer-centric Marketing Strategy. Focus…

July 26, 2018 rummy

Many can’t help but worry that we may be on the verge of another housing bubble. Believe it or not, despite what statistics may seem, experts say that we shouldn’t be too concerned about an impending housing bust. Here are four key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates Housing Affordability 1. HOME PRICES There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone. Last week, CoreLogic reported that, “The inflation-adjusted U.S. median sale price in…

July 20, 2018 rummy

Everyone is bound to retire at some point, and everyone wants to spend their retirement days comfortably and securely. What most don’t know is that investing a portion of one’s retirement fund to real estate will provide more yield and let one get the most out of the fruit of their life’s work. Ultimately, the goal of most individuals when they retire is to live a comfortable lifestyle while drawing from their retirement accounts. This is where the self-directed retirement account comes into play. This retirement vehicle allows accountholders the ability to own investment real estate within their retirement account….

July 6, 2018 rummy

So you decided to take a leap and join the real estate industry. You have an idea of what it’s about but want to know more about the day to day activities and routine of a real estate agent. Let’s dig in a little deeper find out more. Many successful real estate agents have an assistant or office manager to assist with the day-to-day activities, allowing the salesperson or broker to focus on more direct revenue-generating activities. You’re Not Just Selling Homes, You’re Selling Yourself  Attracting clients is crucial to a real estate agent’s success. Below are some tips to…