What Are The Top 10 Foreclosure States

Do you want to know if you live in one of the states with the most foreclosures? Below is the list of the top ten states with the most foreclosures for May 2010:

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#1 California - Over 70,000

#2 Florida - Over 50,000

#3 Michigan - Over 20,000

#4 Arizona - Over 16,000

#5 Illinois - Over 15,000

#6 Georgia - Over 13,000

#7 Nevada - Over 14,000

#8 Texas - Over 11,000

#9 Ohio - Over 10,000

#10 New Jersey - Over 7,000

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Information provided by USAToday.com

**Is your state on this list? Share this information with people on Facebook and Twitter.

Unbelievable Interest Rates Today, Check It Out!

Wow! Interest rates have been dropping over the last few weeks. If you want to buy a home or you're in contract, you definitely want to lock in these rates.

Click here to get a peek at the rates! 

What Do You Think About Buying A Home In Today's Market?

So thinking about buying a home in today's market or not thinking about it. Share your opinion with us and leave a comment today!

Click To See My Homes For Sale?

Can The Federal Reserve Get The U.S Out Of Debt?

Find out how the Federal Reserve plans to invest even more in order to get the United States out of trouble.

Come back to tell me what you think of this article. Do you think the Federal Reserve can help?

Click here to read this article in full.

Hot 1 Family House In East Flatbush Brooklyn

Don't miss out on a great 1 family home located in East Flabush, Brooklyn, New York. It has 4 bedrooms and 3 baths, finished basement and parking. It's priced to sell and it's ready to go now!

Click here now to get details and see photos,
it will not last long.

HGTV's My First Place Casting Now!

The oh so popular HGTV that airs the My First Place real estatetv show is currently casting for new first time home owners in various cities.

Click Here To Apply Now! 

Home Owners Charged With Discrimination

Just released today from Washington, DC about  home owners in Chicago allegedly stated to their agent and broker that they do not want to sell their home to African Americans. By the way, the African couple offered $1.7 million and it was stated that it was the highest offer in the last two years the home was on the market. Charges have been brought against the home owners, agent and brokerage company (read the article to find out the names of the famous buyers and the brokerage company).

I know the Fair Housing Laws very well and as a real estate agent when I hear sellers discriminating I go the other way. For an agent getting involved with home owners that discriminate can ruin their careers.

But what about the buyers? Imagine trying to buy a home and the seller refuses you not because of your offer but because of your race. These home owners must be crazy to turn down a high offer like $1.7 million during a recession, I'm just saying.

Read the entire article here and find out which real estate brokerage got involved and who the famous buyers are. 

So how do you feel about this article? Leave a comment below. Spread the word to everyone you know.

Is The Job Market Affecting The Housing Market

The job market and the housing market can either make the market boom or kaboom!
Even though there are low home prices and record low interest rates, potential buyers are scared of losing their jobs.


There are people just scared stiff to buy because they are afraid of losing their job, some lose their job after they go into contract, and you also have those that just purchased and lose their job not to long after the purchase.


Now I'm not saying this so you don't buy a home in the best market you will probably ever have in your lifetime. I am trying to say that you have to be prepared to buy a home and know that your employment is solid and long term. Also, it's very wise to make sure you still have money saved up after you make a purchase. This is not one of those where you can buy a home and be house poor afterwards, you have to be financially ready.


When the housing market increases then there will be even more people out there buying homes and taking advantage of this incredible market. Until then, only the most qualified people that have saved their money and are continuing to make income will reap the rewards for now.

Are you running scared from buying a home or have you been able to benefit from this down market? Leave a comment.

Interest Rates Are At All Time Lows

Whether you are thinking of buying your first home, an additional home or looking to refinance there's no better time like the present. The interest rates are at an historical low and if you have the capability to invest in real estate or refinance your home and lock in a fixed rate this is the time to do it.

Bankrate.com has noted that national averages are in the low 4% range for both conventional and FHA loans for a  30 year term. As an investor in real estate it's huge for you to strike while the iron is hot and to pay the lowest mortgage possible.

I encourage my buyers to buy now if it is financially possible because the amount of money they will save on the cost of the house and the interest rates will leave them sitting pretty. Many of my clients are also investing in a second or third home because once the numbers are calculated the house is either paying for itself or there's a very small monthly mortgage.

Investing is the keyword here, you buy when prices and rates are low and if you want you sell in a high market......it's just common sense.

**Are you taking advantage of this hot market? Leave a comment and share this article on your Facebook and Twitter Pages.

When Is Your State's Tax FREE Holiday This Year?

During this time of the year states will give us common folks a break with taxes on clothing, shoes, etc. Now that school is back you need to check to see when your state is giving you a tax break.

It's great to be able to shop without paying taxes, but not everything is tax free. Click below to read the rest of the article so you can see how you can take advantage of the tax break.

http://www.bankrate.com/finance/taxes/2010-state-sales-tax-holidays.aspx

Problems With Selling A Home With Illegal Basements

When I try to sell a home I sometimes run into the issue of the finished illegal basement apartment that was never approved by the buildings department. Just when you think the home is going to sell you find out that there were violations filed and fees that were unpaid and or the appraiser goes in and reports it. It's a common problem that sellers don't think about until they really have to sell and things get stopped in their tracks.

So Is Having An Illegal Basement Worth It?
As a sales agent, I believe doing things the right way is the best way. If a seller has an illegal basement and needs to sell quickly and is really strapped for cash then trying to fix all these issues is going to take alot of extra time and money to correct.

When these illegal issues arise most buyers will rather pull out of the deal than to go through all the process to fix the problem.

Click Below To Read More From Inman News!

http://www.inman.com/buyers-sellers/columnists/bennykass/coming-clean-about-illegal-basement-apartment

Should I Let My House Go Into Foreclosure

Personally, I believe that there is only one complete reason why you should go into foreclosure and suffer the consequences. If you let your home go into foreclosure it's because you have exhausted every option to work things out and there is nothing else you can do. When I say this, I mean you have gained knowledge about foreclosure and have done your research so you can save your home.


I have watched home owners go into foreclosure because they didn't believe the lender was going to take action to get back the home. I would literally offer them options to avoid foreclosure and they will not budge until it was too late.


But before you consider giving up and losing everything you worked for, you need to ask yourself a few basic questions:
You have to think long and hard about going in foreclosure and you should consider a few questions:

-Are you ready to LOSE any equity you may have in your home and walk away with nothing?

- Are you prepared for the HUGE drop in your credit score?


-Do you plan to buy another home or apply for any type of loan in the near future?


- Are you ready to give up and lose your home?

If you have answered no to any of these questions then you need to FIGHT FOR YOUR HOME and skip the whole foreclosure idea. Foreclosure can damage your personal profile for quite some time and it will take quite some time before you can get move on from it.


Even if you're not in foreclosure now or if you're close to it, you need to know how to STOP FORECLOSURE before it's too late. Click here now to find out everything you need to know about how to save your home from foreclosure now.

Should I Let My Attorney Sell My House

I responded to this question because when I approach potential sellers sometimes they state that their lawyer will try to sell their home. What sellers don't understand is the real job of a real estate agent and what it takes to get to the closing table. Even though attorneys have the legal rights to sell properties, most of them are not fully equipped and have the everyday well rounded knowledge to market and close on a deal.

Most of the time I fight with the attorneys to call me back to get updates, go after them to send or fax a simple contract. Granted not all attorneys are horrible, but I have seen my share of lousy attorneys, just like there are some lousy real estate agents.


There are many aspects to a deal that you're attorney may not know about or problems that may arise that he may not have knowledge or the patience to solve. Below are a few things you may want to think about before you hire your attorney to sell your home:


- Attorneys do not have flexible schedules to show your home at odd times of the day, during the evenings or even weekends.


- Atttorneys have legal minds and usually are not able to create highly effective advertising materials or know all the places to market your property.


-An attorney most likely will not have an attention getting post sign to put on your property.


- Your attorney most likely will not have access to the M.L.S (Multi-Listing Service account and do not have active accounts with the major real estate websites to post ads.


-An attorney does not have a ready made list of buyers to see your home immediately and does not have direct access to agents daily to remind them about your property and to set up showings.


-It is unlikely that an attorney would do consistent open houses and market it properly.


-An attorney may not be able to qualify your buyer the proper way.


- An attorney may not communicate regularly with the team of individuals that include the buyer, buyers attorney, mortgage broker, and inspectors and effectively come up with solutions if problems arise.


-An attorney may not have the time to schedule and represent you at all the home inspections.


-An attorney may not be have the knowledge to solve the unforeseen problems that may arise with the buyer or the attorney.


- With an attorney working throughout your entire real estate transaction may cost you a fortune if it goes on for months. You may get a fat bill even if your deal doesn't make it to the closing table.


An agent is paid a percentage or sometimes a flat fee of the purchase price, no matter how long the deal takes and only if the deal closes.


A real estate agent is the manager of your deal. If you are dealing with a full time experienced agent he or she will know the job of every person involved in the deal and make sure everyone complies. The agent will do the physical work to sell your home and will do everything possible to get you to the closing table. When selling your property you need a well rounded person that can do it all and know what all needs to be done to make your transaction successful.


I can keep going on and on, but there's a reason why real estate agents exist and why they are educated, are licensed professionals and have continuous training. It is important to let each licensed individual do the job in which they have been fully trained to do. So definitely look for a qualified real estate agent that can represent you to the fullest.





Here's a great ebook that will give you some inside secrets to selling your home within 21 days in today's market, whether you use an agent or not. Check it out here!


**Please feel free to link this article to your Facebook and Twitter pages or even to your email list.


*Did this article help you/ Feel free to comment, even if you're a lawyer (be gentle).

Who Should Become A Real Estate Agent

As one of the top producing agents in Brooklyn, New York, I have seen so many people come and go in real estate that I just stop counting.


On the more serious side the real estate profession is for people that has a love for people and tons of energy. Someone that's not scared of working with all sorts of people, has the physical and mental ability to work hard, motivated, quick to learn, organized, and a team player. Now granted some of the characteristics above can be learned, but if you already possess most of these qualities then you are on your way.


The world of real estate is not for people that are lazy, can't think on their feet, low self esteem, unhappy or have no business savvy. Real estate agents deal with transactions that involve large sums of money, legal issues and clients that expect real quality service.


It's a sales business where your own efforts will determine your financial outcome.


For instance, over the years I have witnessed new agents come in well dressed and talking big stuff about how they're gonna make tons of cash. But, when they discover what is really involved from trying to get a house to sell, then sell it, and do what it takes to close, they begin to complain and have doubts. The fact is, you can reap the rewards of real estate but you have to be persistent and consistent in order to earn continuous income.


I feel that to one of the best in real estate is to be in love with the business. There's alot of ups and downs in real estate on a daily basis and you have to love the business to keep going day after day.


**What Types of People Become Real Estate Agents?**


1. Retirees - Real estate is great for people who are retired and would like to add to their yearly income by selling a few properties. Also, it's a great way to get out, talk to people, utilize or increase your business skills and get daily exercise.


2. College Students- Many college students join the real estate industry part time and they are able to build a large clientel early if they plan to stay in the business. Also college students or graduates are great because they have tons of energy and they know how to use technology to their advantage.


3. Unemployed - While I'm writing this blog the unemployment rate is up and many people around the globe have lost their jobs. So where do they turn? Many of those people have turned to real estate to earn income. Some people that lost their jobs who have great business skills can easily apply those skills to real estate.


4. Single Moms or Dads - Real estate is great for a mom or dad that have kids and no one there to help because you have a flexible schedule in this business. You can leave early or take a day off whenever you like because you are an independent contractor and you can adjust your schedule.


5. Tired of Corporate America - Many people who work in highly stressful jobs want to get off the strict clock schedule of sitting behind the desk and get back their lives. People who are business professionals, lawyers, architechts, accountants, teachers and more have left their careers to come into the real estaet industry.


6. Part Timers - Some people may want to keep their current jobs and add real estate for extra income part time.


The best part of real estate is that it is a learning process and if you have the will and most of all the passion for the business you will succeed.


**Comments: Do you think you have what it takes to be a great real estate agent?

How To Become A Real Estate Agent In New York

This article is going to explain in detail how to become a real estate agent in New York State. It will entail qualifications, education, state test, fees and more. Plus you can find out how to become a successful real estate agent before you get your license.


Feel free to print this page and save the website address for this blog page in "Your Favorites" feature in your browser or write it down.


Basic requirements to become a real estate agent are:


- Age - Must be at least 18 years of age


-Must be a U.S citizen or a legal resident of the U.S


-Must complete a total of 75 hours of courses approved by the New York Department of State. You must pass the school exam to take your New York State License Exam.


-You will also have to be sponsored by a licensed real estate broker in your state.


-You must pass the real estate salesperson examination in your state.


____________________________________________________


Reasons Why Someone Cannot Obtain A Real Estate License:


- Someone who is not a U.S. Citizen or permanent resident.


-Someone that has been convicted of a felony (depending on your situation it can may be waived).


-Someone that owes at least 4 months or more of child support. A child support application must be filed with the Department of State whether you have a child or not.


BELOW ARE THE STEPS YOU NEED TO TAKE TO GET YOUR REAL ESTATE LICENSE IN NEW YORK STATE:


STEP 1.


- Find a real estate school in your city that is approved by the Department of State where you will be taking the 75 hour course.


**If you already took the 45 hour qualifying course before July 1, 2008, then you can take 30 hours of coursework to qualify for your license.


STEP 2.


-As your taking your 75 hour course you should be looking for a licensed real estate broker to sponsor you. Most of the time the real estate schools will have a list of some great real estate broker offices or you can start visiting the offices on your own.


Feel free to call up the brokers and let them know that you are taking your 75 hour course and you are looking for a sponsor and would like to learn more about their company. Some brokers have free sessions to recruit new agents about their company, fees, office structure, and more.


STEP 3.


- Before you finish your course make an appointment through the New York Department of State website to schedule your State Test. It's important to do this step as soon as possible because spots can fill up fast depending where you live. Click here to find your Department of State.


STEP 4.


-Take the New York State Licensed Exam. After you pass and receive notification you will have to fill out the real estate application form, pay the fee and the original waiver to apply for your actual license.


STEP 5.


- Now that you're a licensed real estate agent now it's time to find a real estate broker to sponsor you if you haven't chosen yet.


Once you have your New York Real Estate License you can sell real estate in all five boroughs (Bronx, Brooklyn, Manhattan, Queens and Staten Island).


Fees To Obtain Your License:


-75 Hour School Course - School prices vary and can range from $200 to as high as $550 (If you heard higher let me know).


-New York State Exam - $15.00


-License application is - $300.00


Above are just the basics steps of becoming a real estate agent. For more detailed and fee information visit your Department of State website. Click here to find your Department of State Website.


______________________________________________________________________________


**Find Out How To Become A Successful Real Estate Agent Before You Get Licensed!

How To Become A Real Estate In Any State

Find out the requirements to become a real estate agent anywhere in the United States. Simply find your state below and click on it and it will take you right to the page you need in order to know how to become a real estate agent.

**Also Check Out This Excellent Ebook About "How To Become A Real Estate Agent" and Become Successful. **

All states are in alphabetical order. Come back to read more articles or bookmark this webpage.

How to become a real estate agent in Alabama

How to become a real estate agent in Alaska

How to become a real estate agent in Arkansas

How to become a real estate agent in California

How to become a real estate agent in Colorado

How to become a real estate agent in Connecticut

How to become a real estate agent in Delaware

How to become a real estate agent in Florida

How to become a real estate agent in Georgia

How to become a real estate agent in Hawaii

How to become a real estate agent in Idaho

How to become a real estate agent in Illinois

How to become a real estate agent in Indiana

How to become a real estate agent in Iowa

How to become a real estate agent in Kansas

How to become a real estate agent in Kentucky

How to become a real estate agent in Louisiana

How to become a real estate agent in Maine

How to become a real estate agent in Maryland

How to become a real estate agent in Massachusetts

How to become a real estate agent in Michigan

How to become a real estate agent in Minnesota

How to become a real estate agent in Mississippi

How to become a real estate agent in Missouri

How to become a real estate agent in Montana

How to become a real estate agent in Nebraska

How to become a real estate agent in Nevada

How to become a real estate agent in New Hampshire

How to become a real estate agent in New Jersey

How to become a real estate agent in New Mexico

How to become a real estate agent in North Carolina

How to become a real estate agent in North Dakota

How to become a real estate agent in Ohio

How to become a real estate agent in Oklahoma

How to become a real estate agent in Oregon

How to become a real estate agent in Pennsylvania

How to become a real estate agent in Rhode Island

How to become a real estate agent in South Carolina

How to become a real estate agent in South Dakota

How to become a real estate agent in Tennessee

How to become a real estate agent in Texas

How to become a real estate agent in Utah

How to become a real estate agent in Vermont

How to become a real estate agent in Virginia

How to become a real estate agent in Washington

How to become a real estate agent in West Virginia

How to become a real estate agent in Wisconsin

How to become a real estate agent in Wyoming

.Find Out How To Become A Successful New Real Estate Agent In Any State. Click Here

How Much Do Real Estate Agents Make

Real estate is a great way to make money and this article will show you how real estate agents earn an income and how much can be made. Even in a tough economic times, real estate is still a top money maker. Yes, it may be tougher to make the sale in this economy but it can definitely get done.


How Do Real Estate Agents Get Paid?


Now just so you know, real estate is a commissioned based profession. People that have answered ads in the newspaper have walked into my broker's office and asked how much do they get paid and when. There are no weekly, bi weekly or monthly paychecks. You get paid on a sale by sale basis, which means whether you sell 0 homes or 20 homes a year, you only get paid when you sell a house.


The fact is, a commission based profession like real estate depends on how much time and effort you are willing to put in to make as much money as you want. If you want to make $20,000 a year or $100,000+ a year, it's all up to you.


How Much Commission Does A Real Estate Agent Charge In New York


Since I am an agent in New York, our standard or most common top percentage is 6% of the purchase price, but it can vary depending where you live in the U.S. Now this is the most common commission rate, but its not in stone. An agent can decide to go a little higher like up to 7% or as high as 10% depending what the transaction entails. An agent can also go lower than 6% depending on the situation with the seller.


How Much Does The Real Estate Broker Get


Now all real estate companies are not created equal. Most real estate companies get paid 50% of each transaction. Sounds like alot? It depends on what services your company is offering to earn 50% of your pay. Some offices offer great marketing services and materials, desk, computer and more.


Let's do an example:


You listed and found the buyer and sold the1 family home for $300,000. You charged the seller 6% of the purchase price.


- $300,000 X 6% = $18,000


- Your broker gets $9,000


- You get paid $9,000


That's right you will actually get a check in your hands for $9,000. Wouldn't you like to have $9,000 in your hands at once for selling a home. But don't be fooled there's alot more work involved in doing a real estate transaction than you think, it's not as easy as you think, especially in this market. Any profession that makes a great income takes skill, hard work and dedication to the business.


How Do You Get Paid When You Co-Broke A Deal With Another Office?


When you co-broke a deal that means two different companies work together to do a deal or sell a home. One company will have the house for sale and the other will have the buyer. See two examples of a co-broke below.


Example- One agent in a real estate company has the buyer and the other agent in another real estate company has the seller


Let's say, you had a buyer named Ms. Smith and found a two bedroom condo for $400,000 through ABC realty that agent Mr. Brown listed. Mr. Brown is getting paid a 5% commission and is willing to co-broke 2% with the agent for the buyer, which is Ms. Smith.


- $400,000 cost of the condo X 5% = $20,000 total commission


- $400,000 cost of the condo X 3% = $12,000 total paid to Mr. Brown's broker's office, Mr. Brown will get paid $6,000 for selling the house and pay


-$20,000 X 2% = $8,000 total paid to Ms. Smiths' broker's office who represented the buyer


*Out of the $8,000 Ms. Smith is being paid for selling the home. Her broker at her office gets 50% of her pay.


$8,000 X 50% = $4,000 for Ms. Smith's broker and $4,000 for Ms. Smith to take home.


I'm sure you get the point!


___________________________________________________


How Do You Get Paid When You Split A Sale In Your Own Office


Sometimes an agent may get a home to sell and another agent sells. Let's take a look out how they payment would work.


Example: An agent has a one family home that sold by another agent in the office for $450,000. The commission to be paid is 4% of the purchase price.


Total commission to the broker's office = $18,000


The real estate office receives 50% of $18,000 = $9,000


The total left for the two agents to split = $9,000


The selling agent will receive = $4,500


The agent representing the buyer will get = $4,500


Above are just the most common examples and there are others depending on how many agents representing a seller and how many are representing the buyer. So the splits and agreements among agents can vary.


Click Here To Find Out How A New Agent Can Make BIG MONEY In The First Year!





Who Pays The Commission To The Real Estate Broker?


This question has always been an issue in real estate as to who really pays the commission, the buyer or the seller. Over the years my personal opinion is the seller pays the commission. Why? The seller automatically has all the expenses deducted from their total profit right at the closing table. The buyer pays for the house but they are taking out a loan from the bank and spreading it over 30 years, so there is no real direct impact.


Well I hope that this article answered some of your curiosities about how real estate agents get paid. Remember that real estate company fees can vary in the percentages they pay and additional expenses they may charge per transaction.


Learn The Secrets To Making Six Figures In Your First Year!

What To Look For In A Co-op Building

Before you go out to find a co-op you need to know what your needs are and what you should look for in a co-op building. It is good for you to take a note pad and a camera so you can keep accurate records during your search. Remember, that a co-op is not an apartment, but an investment that you have to handle and select with care.


It is important that you select a neighborhood and a cooperative that fits your lifestyle and needs so you can enjoy living there until you're ready to move, if ever. Also, if you choose to sell your co-op unit it is vital that you select a cooperative and area where people will want to purchase. Here are a few things you should consider before beginning your search:


Area: The area you select should be desirable. You should make sure it is a nice looking neighborhood with well kept properties, preferably more residential than commercial, and low crime rate. If you have kids or have plans to make sure there are schools nearby, transportation and convenience shops.


Exterior of the Building: Before walking inside the building check to see the condition of the outside. See if the building is level, large cracks in the exterior walls or ground area, if it's clean from debris and garbage, is the garden well maintained if any, flooding problems (go back on a rainy day), updated windows, fire escapes and handicap accessible if necessary. The outside of the cooperative is just as important as the inside.


Co-op Owners: If you happen to see co-op owners coming in or out of the building or on the elevator, ask them how they feel about living in the building.


Security: If you plan to live in a large co-op building see if there's security cameras in the lobby, elevators, laundry room and in the hallways. Also, if there's a doorman, find out the work schedule. You can also ask the doorman questions about the building, they will usually give you plenty of information. You may want to try visiting the building and getting in to see what procedures the doorman will take. Also, see if the doors are strong and remain locked and the bell system is working.


Lobby Area: Your lobby should be pleasing to the eye. Take a look at the flooring, the bell system, paint job, walls and decoration. Also, see if you notice people hanging around the lobby, making noise etc.


Elevators: Make sure the elevators have been updated, clean and have a security camera.


Hallways: The hallways and doors should be freshly painted, nicely done flooring with tile or clean carpet. Plus the hallways should be bright and well lit.


Parking: If parking is important to you find out how much it costs per month and if there's a waiting list.


Laundry Area: It is common for co-op buildings to have laundry rooms in the building. If one is not in the building, then you should find out if there's one within walking distance.


Recreation Area: Most co-op buildings have a common area that is used for gatherings, parties, etc. that is usually free to co-op owners.


Storage Area: Many co-op buildings have additional storage available for rent in the building.


Other Bonus Amenities: Tennis, pool, gym, professional business services


Now that you know some basics of what to look for in a co-op building, now you need to know what to be aware of during the home buying process. I found a great source that will help you ease your fears and to make great decisions from beginning to end. Click here to check out this great ebook called, "Home Buying Defense Guide".


Print this list and carry it with you so you can make notes about each property you view. Also feel free to share this link with your friends and family on your Twitter and Facebook pages.


*Did this article help you to know what to look for in a co-op building? If you're looking for a co-op in Brooklyn, New York where I practice real estate contact me by email.

Are People Still Buying Homes In this Market

I had to respond to this question because it drives me INSANE when people in general tell me that NO ONE is buying homes. Let me just say, that I love the real estate business because even though we all had to make adjustments to this crazy market, everyone has to live somewhere.


There will always be home owners that have to sell for whatever reason and buyers that need a place to live for whatever reason. It's a never ending cycle, so if you're one of those people that say this then you have to realize what a ridiculous and general statement it is.


**Now that I got out my frustration and have taken a deep breath, I will continue.


When the market was thriving and prices were high, homes were selling like hotcakes. People were getting 100% financing and they didn’t even qualify. Little did we know that this would be the cause of a crumbling market. For the last two plus years there has been an overwhelming amount of foreclosures and short sales on the market than ever before. The result is, with so much inventory on the market and the increase in the unemployment rate home prices dropped.


Since 2007 prices fell dramatically in other states. For instance, in my city, which is Brooklyn, New York a two family brick home in Canarsie that used to sell for $700,000+ is now selling between $500K to $550K or a 1 family three bedroom duplex home in the East Flatbush area code that used to sell for $450K—$500K can sell today between $375K to $420K.

Even though banks are not as lenient buyers that would have never been able to buy a few years ago when prices were high are doing whatever it takes to take advantage of a lifetime opportunity. First time home buyers are taking a leap of faith and buying real estate. They are working hard to fix their credit reports, join first time home buyer programs, seeking out co-signers, and saving their cash. While I'm typing in my pj's interest rates are at an all time low (quoting 4.75%) and prices are still affordable.

So you better believe buyers are out to play this real game and most of them are winning.

If you have to sell your home this is a great time to get your home on the market. It may take a little longer due to the mortgage process but if you hire an excellent real estate agent or broker then you can sell your home in this market. If you're looking for a top producing agent Brooklyn, New York give me a buzz, email or text.











Now that you know buyers are out there buying, you can get all the behind the scene secrets to selling your home in 21 days. You have to check out this ebook whether you plan to use an agent or not. Click here to take a look!


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Reasons Why You Should Buy A Co-op

Are you wondering if you should buy a co-op or not? If you have been searching online you will discover that there are many co-ops for sale depending where you live. I am going to share with you some reasons why buying a co-op is a good idea, especially in today's market. Study these reasons and decide whether a co-op is right for you.Click here to see affordable co-ops in Brooklyn.



Less Responsibility:
With a home you are responsible maintaining the entire home and the land that surrounds it, with a co-op there's is a staff to clean, maintain and repair the common areas, the exterior, etc. So with co-op living there are no roof repairs, shoveling snow, gardening, exterior work on the home, and maelectrical and plumbing work for you.


Simpler Monthly payment:Your monthly payments are much more simpler than owning a home or condo. Why? With a co-op you pay your mortgage payment to the bank, your maintenance (usually includes one or more utilities, property taxes and fees to maintain the property), insurance, and depending where you live you may pay one or more of your utilities.


Affordability:
Co-ops are the least expensive real estate investment, especially today. If you earn between $40,000 to $70,000 close or over a 700 credit score with at leastt 10% of the down payment, then you could buy a co-op. The purchase price of the co-op depends on where you plan to live and how many bedrooms you need. With interest rates at their lowest right now, buying a co-op can get your foot in the door to investing.


Gain Equity:
That's right, the best word besides ownership is the word "equity". Just like a conds or home, your co-op gains equity as well. Of course, equity gained on a property is based on how much you paid and currently owe, the location and the condition of the home.


Community:When you own a co-op, it's not just some apartment building with alot of renters that usually don't care much about the property. A cooperative is filled with owners that care about the property and want to have it maintained in order to continue to increase the value of the cooperative building and their individual unit. Owners of co-ops also look out for one another and they all have a since of pride which makes it a great place to live. Co-ops are great for a single person, seniors, and small families or even people who are hardly home or travel often.


Amenities:
Many cooperatives come with extra perks that you will do not get in the average rental apartment building. Depending on the cooperative building sometimes you can have access to a gym, parking, laundry rooms on site, doorman, additional storage for rent, pool, recreation center, business center, etc.


Tax Benefits:
Your co-op is a real estate investment so that means you get perks at tax time. A portion of your maintenance and the interest on your mortgage payments are tax deductible (seek an accountant to go over all your benefits).


Pride Of Ownership:
Nothing is more rewarding than owning a piece of the American Dream called real estate. When you put your key in your door, it belongs to you and not someone else. The best part is, you are gaining equity and building your financial portfolio and not just filling up your landlords pockets. You can go in and decorate how you want and feel comfortable in your space. Ownership is a the best feeling in the world and a sense of true accomplishment.