February 2010 
There are 6 blog entries for February 2010.
New York Carbon Monoxide Detector law to take effect Monday, February 22
Monday, February 22nd, 2010 at 8:31pm. 28893 Views, 0 Comments.
On February 22, 2010, "Amanda's Law" will take effect. The law requires carbon monoxide detectors in every 1-2 family property; apartments in a multiple dwelling; and all condominium and cooperative apartments where the dwelling unit has appliances, devices or systems that may emit carbon monoxide or has an attached garage. Real estate licensees must be aware of the new law and advise clients and customers of the same.
I am all for this law, in fact I still do not understand why all New Construction buildings, residential, commercial or industrial are not required to have Sprinkler Systems, but that's another story. So how different "Amanda's Law" is from the Law that went into effect way back on March 6, 2003? Well that law pertained to any one or…
LaGrangeville, NY ~ The Luckiest Place on Earth! (OK, New York)
Monday, February 22nd, 2010 at 8:31pm. 2583 Views, 0 Comments.
Lagrangeville, New York is the luckiest place on earth...OK, in New York! Seriously it is!
LaGrangeville is located in Dutchess County, NY. Part of the Town of Lagrange and home to Arlington Central Schools...and St. Lawrence Properties. So what's so special about LaGrangeville? Well let me put it this way; there are 20 million reasons!
See LuckyLotto, an online lottery website, found in a recent study that LaGrangeville has more Jackpot winners per capita than any other city in New York. According to the official New York lottery website, LaGrangeville, with a population of under 9,000, is home to 3 Lottery Jackpot winners since 2001. LaGrangeville just might be the luckiest town in the US.
This comes as a surprise to Christopher James Bell, a…
Open Houses...Not Worth the Risk to Sellers
Monday, February 22nd, 2010 at 8:29pm. 303 Views, 0 Comments.
Do Open Houses benefit the seller? Its a highly debated subject among Realtors and I have discussed it at length with many of them from all over the country.
Lets first look at what an Open House is. There are basically two types and the names vary by area.
- Public Open House: This is usually done on a Sunday somewhere between 12pm and 5pm though some innovative marketing gurus have started Twilight Open Houses for those homes that have special appeal due to landscape lighting. It is hosted my the listing agent or another agent at the office and the public (aka Guests) are invited in to view the house. Most agents attempt to have guests register prior to viewing the home. This is usually accomplished by asking them to fill out a form or sign in…
Does anyone really know what is happening?
Monday, February 22nd, 2010 at 8:29pm. 266 Views, 0 Comments.
As a Real Estate Broker, I believe it is my job to keep track of the industry, try to make some sense of it and inform my agents and clients what is happening locally.
One way I do this is by keeping tract of Real Estate reports. I have over a hundred news feeds I scan through every day. Looking at each headline today, something really stands out....Confusion!
Let's take a look at a few headlines that cam in this morning:
- Mortgage Rates edge up
- Some see hints of a bottom
- Sales of new homes sink.
- Lennar readies for New Home surge
- US Real Estate Confidence drops
Each headline seem to contradict the next. SO what is happening...Uncertanity!
We have always had a saying in Real Estate, It's Local. And that is what we are seeing here. When we…
Waiting to Purchase a Home until the Spring? It will cost you!
Monday, February 22nd, 2010 at 8:28pm. 294 Views, 0 Comments.
Waiting to purchase a home this spring could cost you thousands of extra dollars. No, we are not expecting home prices to shoot up. This has everything to do with financing your purchase.
The office of Housing and Urban Development (HUD) is getting ready to implements several changes for loans guaranteed by the Federal Housing Authority (FHA). Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), So what is happening?- On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to…
Federal Short Sale Guidelines or HAFA are getting closer!
Monday, February 22nd, 2010 at 8:25pm. 293 Views, 0 Comments.
Most of us dread April 15th, but this year, April has a whole new meaning. That's because on April 5th. the New Federal Short Sale Guidelines will take affect.
Ask most REALTORS about a Short Sale and unless they are experts at it, they will run from it. Why? Well let's take a look at the current process.
At this point the seller and buyer are bound by contract and this is where everything goes horribly wrong. Unlike a traditional sale, there is…
Realtors® Applaud Congress for Reinstating FHA Loan Limits
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There doesn’t seem to be a day that goes by where another SCAM does not rear its ugly head. A few days a... Add Comment Read MoreCraigslist SCAM strikes again in the Hudson Valley
Dutchess County Brokers and Agents have once again been put on notice that a SCAM Artist is attacking out listings. This... 1Comments Read MoreWe're always on the lookout for talented full time real estate agents to join our growing team. For a confidential interview click on Contact Us
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