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Bedford NY Realtor Archives
- Mortgage rates average 3.95% | Cross River Real Estate | #BedfordRealEstate bit.ly/1NjeHrD 1 hour ago
- Year-on-year, new home sales grew 4.9 percent | South Salem Real Estate | #BedfordRealEstate - go.shr.lc/1OEqaRu 1 hour ago
- October Gains for Residential Construction Spending | Waccabuc Real Estate | #BedfordRealEstate bit.ly/1XFxbns 1 hour ago
- Round Homes | Armonk Real Estate | #BedfordRealEstate ow.ly/Ve4I7 4 hours ago
- Permits to build new homes increased 4.1% | Chappaqua Real Estate | #BedfordRealEstate ow.ly/Ve4HC 7 hours ago
- Custom Home Building Flat | Bedford Corners Real Estate | #BedfordRealEstate ow.ly/Ve4GT 10 hours ago
- Existing home sales drop 3.4% in October | Pound Ridge Real Estate | #BedfordRealEstate ow.ly/Ve4Gp 13 hours ago
- Affordable Housing Victory for Westchester | Mt Kisco Real Estate | #BedfordRealEstate ow.ly/Ve4IL 14 hours ago
- Permits to #build new homes increased 4.1% | Chappaqua Real Estate | #BedfordRealEstate bit.ly/1QRptHL 14 hours ago
- Custom Home Building Flat | Bedford Corners Real Estate | #BedfordRealEstate - go.shr.lc/1Prhu4d 14 hours ago
- Existing home sales drop 3.4% in October | Pound Ridge Real Estate | #BedfordRealEstate bit.ly/1QRpqfd 14 hours ago
- Building your root cellar | Katonah Real Estate | #BedfordRealEstate - go.shr.lc/1HxtHl6 14 hours ago
- Mortgage #rates average 3.95% | Cross River Real Estate | #BedfordRealEstate bit.ly/1NjeHrD 14 hours ago
- HELOCs Continue to Shrink, But at Larger Banks | Bedford Hills Real Estate | #BedfordRealEstate ow.ly/Ve4Fn 1 day ago
- Building your root cellar | Katonah Real Estate | #BedfordRealEstate ow.ly/Ve4ES 1 day ago
- Mortgage rates average 3.95% | Cross River Real Estate | #BedfordRealEstate ow.ly/Ve4Ej 1 day ago
- Year-on-year, new home sales grew 4.9 percent | South Salem Real Estate | #BedfordRealEstate ow.ly/Ve4DB 1 day ago
- Building your root #cellar | Katonah Real Estate | #BedfordRealEstate bit.ly/1LDeYA6 1 day ago
- #Mortgage rates average 3.95% | Cross River Real Estate | #BedfordRealEstate - go.shr.lc/1XkKLls 1 day ago
- Year-on-year, new home sales grew 4.9 percent | South Salem Real Estate | #BedfordRealEstate bit.ly/1LDeY32 1 day ago
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Should real estate agents “fire” know-it-all homebuyers? | Bedford Hills Realtor | #RobertPaulRealtor
Here, user WolfofWallStr lays out this tragic scenario:
Hey all. Had a buyer, I’ll call them they “Know it All” Family. They knew everything, especially since they watch Home & Garden TV, Million Dollar Listing, and saw something on Youtube that one time.
So anyways, the buyer (The Know It All Family) submitted an offer, solid offer. Seller countered. The two were $10,000 apart. The seller then offered to meet in the middle, so they are no longer apart. Unfortunately buyer refused and actually informed the seller they are considering lowering their offer. The buyer used silly excuses such as values listed on the tax assessment of the property & replacement values from insurance quotes. In the meantime, the seller got a higher offer… we snoozed, we lost and it was all the buyers fault.
Now this buyer is angry and doesn’t want to buy anymore. They’re solid buyers, but they think they know everything because they read some blog on the internet about real estate and watch RE TV shows lol. Any thoughts on how to handle situations like this in the future?
Real estate prices continued to climb in the third quarter of 2015, but sales pace slowed and inventory is more difficult to come by, when compared with the third quarter of 2014, which was a banner season for real estate on the East End.
According to The Corcoran Group’s quarterly Corcoran Report, “the volatility of financial markets world-wide resulted in fewer closed transactions this quarter.”
On the South Fork, according to Corcoran, sales activity and sales volume declined by 16 percent and 13 percent, respectively, compared to the third quarter of 2014. Only East Hampton Village, Southampton and Shelter Island reported more sales than last year.
The Corcoran Group reported that the average sale price on the South Fork increased 3 percent, while the median price rose 6 percent, versus the same quarter a year ago.
Nine sales over $5 million in East Hampton Village skewed the median price there up 70 percent over the third quarter of 2014.
Though recent quarters have shown a good deal of activity in the under-$500,000 range, where such properties can even be found on the South Fork, that share of the market shrank in the third quarter both east and west of the Shinnecock Canal.
East of the canal, under-$500,000 sales shrunk to just 8 percent of the market, from 14 percent in the third quarter of 2014, while the market share of houses under $500,000 west of the canal shrank from 41 percent in the third quarter of 2014 to 38 percent in the third quarter of this year.
On the North Fork, the Corcoran Group reported the number of sales and sales volume decreased 11 percent and 17 percent, respectively, over the third quarter of 2014. They reported the median sales price increased 1 percent, but the average sales price decreased 8 percent.
Here’s what the typical #homebuyer and #seller look like | Cross River Real Estate | #RobertPaulRealtor
Some 50,000 more New York City apartments may be eligible for rent regulation | Mt Kisco Real Estate | #RobertPaulRealtor
Is your rent legal? It might not be. Your landlord might be charging you too much, and we want your help figuring that out.
“We will not tolerate landlords who break the law and deny their tenants rent-regulated leases, plain and simple,” Cuomo said in a statement at the time. With Attorney General Eric Schneiderman, the governor announced a new enforcement effort to clean up such abuses.
But an investigation by ProPublica found that in reality, state and New York City officials have tolerated the problem for years—and ignored pleas to investigate. Nor is it limited to the building owners Cuomo and Schneiderman found—landlords have failed to register thousands of buildings for rent regulation, casting doubt on the legality of leases for about 50,000 apartments across the city.
That is the finding of an extensive analysis of government data covering nearly 15,000 rental buildings receiving the tax subsidies as of 2013. About 40%—or 5,500 buildings—weren’t listed as rent-stabilized, yet records show the owners are receiving more than $100 million in property tax reductions.
Stephen Werner, an analyst at the city’s Housing Preservation and Development Department (HPD), has been complaining to higher-ups about the missing registrations for decades. Werner said he first told his bosses 20 years ago they were “perpetrating a fraud” by counting too many apartments as rent-stabilized in the triennial surveys prepared for the City Council and the public.
Briefed on ProPublica’s analysis, Jumaane Williams, a city council member from Brooklyn who chairs the council’s housing and buildings committee, called for a “severe and swift response” to ensure that tenants are getting the rent protections they deserve.