January 22, 2016 rummy

Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: § 59% of Americans either don’t know (54%) or are misinformed (5%) about what FICO score is necessary § 86% of Americans either don’t know (59%) or are misinformed (25%) about what an appropriate Back End Debt-to-Income (DTI) ratios is § 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required To help correct these misunderstandings, let’s…

July 27, 2015 rummy

As the temperature continues to rise, buyers are coming out ready to purchase their dream home. Here are five reasons that you should list your house for sale now. 1. Strong Buyer Demand Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are significantly more prospective purchasers currently looking at homes than at any point in the last two years! These buyers are ready, willing and able to purchase… and are in the market right now! Take advantage of the buyer activity currently in the…

February 17, 2015 rummy

Many believed that when the housing market crashed, so too would the desire of American’s to own a home again. Many reports have shown that, especially among younger generations, the American Dream of homeownership is still very much alive. Julián Castro, Secretary for HUD, recently summed up what it means to own a home in a speech at the National Press Club. “Homeownership is still the cornerstone of the American Dream — a fact you can see in the lives of everyday folks. It’s a source of pride. It’s a source of wealth, providing both a nest and a nest…

November 11, 2014 rummy

Does it really hurt not to try? Trying not to make a mistake is not always the same as not trying—but it is a line that can be difficult to spot when we start to think cautiously. Whether you’retrying to start a business, finish a project, or effect real change in your life, fear of failure can alter many of your decisions. Is it possible that your fear of making a mistake is keeping you from making bigger leaps that could pay off in the long run?   Don’t live life afraid of mistakes Whether the mistakes you most fear…

August 24, 2014 rummy

WHITE PLAINS, N.Y. — Motorists are advised that the ongoing bridge work will close the northbound Bronx River Parkway between Tuesday, Aug. 26, through Thursday, Aug. 28, from 9:30 a.m.-3:30 p.m. from the Sprain Brook Parkway in Yonkers to the Westchester County Center (Exit 22) in White Plains. All northbound Bronx River Parkway traffic in Yonkers  will be detoured onto the Sprain Brook Parkway, then to Central Park Avenue (NY 100) to White Plains. Local traffic will have access to the northbound Bronx River Parkway at the following locations (between the Sprain Brook Parkway and Harney Road): Paxton Avenue, Elm Street, Scarsdale Road,…

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…

August 15, 2013 rummy

The annual report I value most is the NATIONAL ASSOCIATION OF REALTORS® Profile of Home Buyers and Sellers. This report is packed full of useful statistics for agents and brokers who are looking to educate themselves about the sales process from the perspective of the Home Buyer and Seller. It clearly shows where agents should be focusing their marketing dollars (hint: not the newspaper) and also provides important details about the Buyers and Sellers experience during the sales transaction. Here are some highlights: 90% of consumers did online research before they bought their last home. 42% of buyers found the…

July 12, 2012 rummy

Keep Your Home Cool Without Getting Yourself Heated! It’s July and that means even in the coolest climates on earth, someone is going to need to turn on an air conditioner to keep the heat from making them miserable. Unfortunately, with the need to stay cool also come higher electric and gas bills, syphoning money from your bank account that you could be using to have fun during the month of July and the rest of the summer. The good news is that if you have a strategy and a little ingenuity, you can keep your home cool without setting…

May 9, 2012 rummy

Money-Saving Ideas Home maintenance doesn’t have to be expensive. For the penny-pinchers out there, here are some inexpensive ways to Do Green Things Easily and Cheap 5 Seems like all the green talk today is about buying things: buy Energy Star, buy solar panels, buy tankless water heaters, buy new sustainable building products. Buy, buy, buy. What’s a budget-minded home owner to do? Follow these five easy, cheap green nuggets of advice, of course. 1. Resist the temptation to buy. If you’ve read this far, you’re probably already on board the no-buy boat. This first piece of advice is simply…

December 19, 2011 rummy

With tenants and rental property, chances are you’ll have to evict a tenant sooner or later either because the tenant hasn’t paid his rent or because strange people keep visiting him at odd hours of the night. Whatever the reason, the tenant hasn’t lived up to the terms of the lease agreement and you want him out. The question is, how do you go about evicting him? First and foremost, remember that the laws in your state may require different procedures than the general advice in this post, so get familiar with the rules in your area and get yourself…