September 19, 2013 rummy

A year ago, before the bandwagon was even built, we told you about what  we called “shadow consumers”. They are people who would want to buy;  they can comfortably afford home ownership most especially with today’s  rates. However, they have to calmly wait for their credit to improve  sufficient to get a mortgage. FHA would not give a loan until the elapse of three years from the occurrence of a foreclosure. Basically,  foreclosures and short sales will usually remain on your credit report  for seven years. Additionally, bankruptcies usually last for 10 years.  Waiting for this long can be quite…

September 6, 2013 rummy

At a recent meeting held in June, 2013 the Board decided that there will be 3% increase for a One (1) year lease term and 4% increase for a two (2) year lease term for leases renewed between October 1, 2013 and September 30, 2014. Please note a minimum increase of $15.00 per month for a one (1) year lease term and $20.00 per month for a two (2) year lease term will be imposed. A landlord’s failure to timely file a current apartment registration with DHCR bars the collection of any guidelines increase. If you need help filing registrations, please…

April 23, 2013 rummy

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. As an example, the National Association of Realtors revealed, relative to last year, year-to-date new home sales are up 19%. These ‘shiny’ new homes will again become competition as they can be an attractive alternative to many of today’s home purchasers. Here are the numbers regarding new construction about to come to market from the Census Bureau: BUILDING PERMITS Single-family authorizations in February were…

January 25, 2013 rummy

The pace of residential real estate sales picked up considerably in 2012 in the fourcounties of the lower Hudson region – Westchester, by the Real Estate Experts (Realtor) firms The Realtors reported a regional sales aggregate of 11,481 residential units consistingof single-family houses, condominiums, cooperatives, and in the case of Westchester,2-4 family buildings as well. This was a 15% increase over 2011’s total of 9,973 sales,and it arrested the steady decrease in annual sales that commenced in 2004 andcontinued through most of the subsequent period to date. Westchester, the most populous of the counties, and historically accounting for abouttwo-thirds of…

July 5, 2012 rummy

Charming Home Close to All in Yonkers Location is the key and this charming SF home is centrally located. Conveniently close to Cross County Shopping Center and The Empire City Casino/Yonkers Raceway. Featuring living room w/fpl, EIK w/door to deck, 4 bedrooms and 2 full baths, plus a finished walk-out basement w/half bath and access to 1 car garage and yard w/patio. Great house for entertaining. Close to all transportation, shops, dining, schools and more. In move-in condition.   Listing Courtesy of The Sales Team of RUMMY DHANOA – Your Real Estate Expert – Serving Westchester & Bronx  NY -…

July 5, 2012 rummy

3BR Co-Op in The Kingsbridge Section of The Bronx-Short Sale NOW A SHORT SALE – A new co-op on Sedgwick Ave, in the Kingsbridge section of the Bronx, includes 3 bedrooms, the master bedroom suite features its own full bath, plus a full hallway bath, kitchen, large living room w/dining area offers a nice view of the Jerome Reservoir. Close to all transportation (with a bus stop in front of the building and close to the 1, 3 & 4 trains), close to shops and schools.   Listing Courtesy of The Sales Team of RUMMY DHANOA – Your Real Estate…

July 5, 2012 rummy

Large 2BR Co-Op in The Pelham Parkway Section of the Bronx A Rare Gem Priced for a quick Sale co-op. A large, sunny and pet friendly unit centrally located, over-looking Pelham Parkway Bronx NY. Unit features 2 Bedrooms . Entry hall w/3 closets, Foyer, Large Living room, XL Master Bedroom, Eat-In-Kitchen with pantry and 2nd bedroom plus Full Bath . Hardwood floors and lots of sunlight throughout. Walk to bus, subway, dining and shops. Complex features laundry room, elevator and is financially sound. Maint does not reflect the STAR. Hurry, Won’t Last!   Listing Courtesy of The Sales Team of…