Rochester, NY

Time is running out to take an advantage of the $8,000 tax credit! You must be closed by November 30th! That means you need to move quickly. The decision to purchase a home vary from person to person and it is important to understand all the facts and how they will affect you. This site is here as a resource to you. Feel free to search through the categories that interest you. Or here are a few of our best articles regarding the purchase of a home in Western New York that you might find useful. Not finding what you need to know? Then call us! We would be happy to find the information for you!

Call Colleen Kulikowski at (716) 650-0051 today!

What is VIP Pricing

Several Realtors are listing homes on the internet with VIP pricing. What exactly is VIP Pricing? Well it is a way to get a home on the MLS with a lower price. VIP pricing is a technique to attract buyers to put an offer in on a property while at the same time pacifies a seller who may be reluctant to put their home on the market for a particular price because they don’t want to take less than a specific figure. In other words it is a starting point, they really are looking for a lot more than that price. Basically they are telling you what their bottom line is. Is this good or bad? It is different and affects what we are going to offer on the home. It is out there, and you should be aware of this strategy in selling.

The Commercial Real Estate Outlook (CREO) from the NAR Research Division provides current statistics, forecasts and insights on market factors that influence office, industrial, retail, and multi-family real estate.

For the 3rd Quarter 2009 report, please visit:

http://www.realtor.org/research/research/commercialhome

Distressed properties reflect struggling market fundamentals

Commercial real estate closed the first half of the year with weakened fundamentals and a slow pace of transactions amid difficult economic conditions. Demand for commercial properties dropped precipitously, bringing down prices and rents. In addition, maturing commercial debt was met with little available credit, leading to a jump in delinquencies and distressed properties. As space flooded the market, vacancy rates have been rising across the board. And while the economic decline is showing signs of a slowdown, commercial real estate continues to face strong headwinds.

NAR FORECAST: Commercial real estate will continue to face negative absorption, increasing vacancies for all property types and declining rents. Commercial debt continues to pose a major threat. Extension of TALF funds for commercial lending should provide liquidity, particularly in the CMBS market. Investments may rise due to distressed properties and lower prices.
Additional analysis of fundamentals along with current investment trends will be posted in the following weeks. The reports will be available to all members at:

http://www.realtor.org/research/economists_outlook/commentaries

Please feel free to visit my personal website at www.FlowerCityReltor.com or www.MikeLiess.com for more information on the Rochester real estate market.

Click here to search local listings

Governor David Paterson signed into law legislation to strengthen the New York State Historic Preservation Tax Credit. The program will create jobs, draw investments to main streets, and preserve historic structures.

New York's preservation tax credit was adopted in 2006, but the program failed to provide adequate incentives to attract investment to struggling municipalities, particularly those upstate. The newly enhanced program will apply to taxable years beginning January 1, 2010 and will sunset on December 31, 2014. The enhancements signed into law by Paterson will:

• Increase the tax cap credit on both commercial and residential rehabilitation.
• Target the credit to distressed areas.
• Boost the share of rehab costs that commercial property owners can claim.
• Offer the tax credit as a rebate for lower income homeowners.

According to Governor Pateron, "New York has a wealth of historic properties, particularly in our small cities, that are falling into disrepair or are underutilized. The enhanced Historic Rehabilitation Tax Credit will breathe new life into the State's historic downtown areas while creating jobs and revitalizing the economy."

Members of the senate and assembly across the state applauded Governor Paterson's decision to sign the bill, saying it will be beneficial to Upstate New York communities.

As for Rochester, our local leaders have been working for some time to bring new life to the downtown area. Let's hope this bill creates additional funding opportunities for our city!

Click here for more information on the bill.

I am proud to help buyers and sellers in the Greater Rochester, New York area find the homes of their dreams. If you are considering purchasing or selling a home in the Rochester area, don't hesitate to contact me. I pride myself in providing the best possible service for my clients!

When you work with me...

Visit my website at www.YourNYDreamHome.com to learn more about the services I offer!

• Sellers: Find out how much your home is worth by requesting a FREE Home Evaluation!
• Buyers: Become a savvy consumer by requesting FREE Home Buying Tips!

Contact:
Kristen Wahl
Realtor Associate
(585) 455-5524
KWahl@RealtyUSA.com

This Week's Guest: Ed Dorris

This week on TVPG Radio's Get More Business Show, we're featuring Ed Dorris!  Join me at 11:30am Eastern on Wednesday August 5, 2009 at http://www.BlogTalkRadio.com/Get-More-Business.  You can listen live over the internet or over the phone by calling in at: (646) 595-4184.  

Ed founded and owns Universal Sales Systems and is a National Business Coach and Speaker. He is a 20 year veteran of the personal development industry who speaks to over 25,000 business professionals a year and he currently coaches some of the leading producers in a diverse array of businesses. He has seen it all and he knows what works and what doesn't. Ed is passionate about helping people reach their full potential.

Ed and I will be talking about the Formula For Success. We will discuss the four main keys to this formula. If you have struggled with Goals, Plans, Skills, or Confidence you can't afford to miss this show. Ed and I will discuss these four points in detail and how they ultimately contribute to a business's success or failure.

Feel free to spread the word about this weeks guest and invite your friends to listen as well!  If you have questions for Ed or for me, have them ready and I'll make sure I get you an answer. (You can email them to me, pose them in the chat room during the show, or buzz in on the call line and ask them live over the phone.)

(If you miss the live show, you can always listen to the recorded podcast later by clicking on the link above or by using the player below.)

Jason Sanders @ValuePagesGroup
Business Networking Specialist