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New legislation would require NYC co-op boards to reform application process POSTED ON WED, FEBRUARY 22, 2023BY AARON GINSBURG
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What is a Purchase CEMA and how can it save the purchaser and seller money? A: A mortgage tax is imposed on a borrower and lender when a mortgage is made and recorded in New York State. Under certain circumstances, the mortgage tax can be reduced or avoided. A "CEMA" (which is an acronym for Consolidation, Extension and Modification Agreement) is the proces
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Year-over-year property appreciation rates by state The map illustrates the top states for property appreciation rates year over year. Property appreciation is calculated based on repeat sales of the same properties, which can avoid the problem of trying to account for price differences in homes with varying characteristics. Increasing home prices usually indicate rising demand, while decreasing prices reflect falling demand. All states saw property appreciation versus one year ago, with Washington, Idaho, Nevada, Utah, and Rhode Island leading as the top five. Washington had the highest year-over-year property appreciation rate at 12.77% in April 2018. Overall, property ap
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How To Make Your Luxury Home For Sale Stand Out Against The Competition As is often the case there are a multitude of luxury homes available for sale on the market. As a result the luxury homeowner who is able to make their home stand out has a better chance of being noticed by buyers. By being noticeable for a home’s features or price means buyers will be ready to take the next step and visit a home in person which in turn increases the chance of a home selling. This article explores some excellent tips for how luxury homeowners can help their home shine above other homes on the market.
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What Stays and Goes in a Home Sale Occasionally in a home sale, there are situations that can be very frustrating for a buyer or a seller, conditions that should be avoidable. One potentially frustrating occurrence often arises about “fixtures” in a home – items that are considered part of the house and therefore part of the sale. When a seller removes something that the buyer expected to get with the house, it can create significant tension and lead to resentment, and maybe even legal proceedings. In real estate
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Ask any salesperson and they will tell you that selling is hard work. In fact, anyone who has ever had a job in sales will likely admit that it’s the hardest work they’ve ever done. If a salesperson gets a yes immediately, they haven’t really sold anything as much as taken an order. Selling starts the moment a prospect says no. Selling is what happens when a salesperson turns a No into a Yes. And yet, most salespeople make common mistakes throughout the sales process that keep them from making a sale.
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