It is hard to believe but the first half of 2010 is already in the books! The Clancy Real Estate Team has just finished compiling the sales data and it can be found at this link Clancy Real Estate Albany NY Real Estate Market Trends Report The data includes single family homes sales in the four county area of Albany, Saratoga, Rensselaer, and Schenectady Counties. For the first 6 months of 2010 Almost 3,000 (2,945) homes were sold. This puts us on track for prior Total volume in number of units similar to prior years. The interesting fact is I have been hearing Realtor after Realtor say they have not seen an impact from the $8,000 tax credit. I have been saying the opposite. Probably 95% of our sales for the first half of 2010 have involved buyers taking advantage of the tax credit. We closed a dozen homes the 14 days prior to 6/30/10 when the deadline was set to expire (Before congress extended it) We even closed one at 5:30pm on 6/30/10!
If you look at the data, 85% of the home sales for the first half of 2010 have been under $300,000. Clearly first time home buyer territory and clearly the $8,000 credit had a huge impact on home sales!
Homes over $300,000 continue to be a buyers market and continue to sit on the market with 12-32 months worth of inventory at the current absorption rates!
If you have questions on this data please call or email us anytime! We love to talk about real Estate!
Your Friend in the business,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
It was a pleasure and honor to be named small business person of the year by the Guilderland Chamber of Commerce. I was lucky enough to be in Italy when I started getting the congratulatory emails.
Italy is a great place and I had never been there before. My number one reason for going was to allow my wife to fulfill a life long dream of visiting the Tuscany region of the country. Honestly I would rather be building my business! I learned a lot in Italy. Mostly the trip reinforced my belief of how truly blessed we are to live the lifestyles we live in the USA. I think often we forget how we got to where we are. Sure Italy is great. We hit tourist traps like Pisa and the Coliseum.
However, the most important place we visited was a WWII US cemetery on the outskirts of Florence. At this site 4,402 US combat troops are buried.The number stuck in my mind like it was etched in my brain. I had not expected to visit this area but I am glad we did. I was stunned by the tranquility of the symmetrically arranged crosses. I have been to US military cemeteries before but for some reason this cemetery, representing the final resting place for our servicemen thousands of miles from home, really struck me. I am not embarrassed to admit after about 10 minutes I was overcome with emotion and realized I had tears in my eyes. At first, I wasn't really sure what I was feeling. I was just struck with an utter sense of gratitude to the serviceman before me. These guys were probably half my age when they were sent to a country they probably couldn't even find on a map. However, their country asked them to step up and they did. These guys paid the ultimate sacrifice to give me the freedom I have to start and run a business. For that I am forever grateful. The experience put things in perspective and changed me. Sure we all have bad days but I am sure the worst day of my life was infinitely better then their best day of combat. Receiving an award always makes you feel good. I think sometimes no one realizes how hard we work as Realtors. Here it is 2:00 am and I still have a new listing to upload! However, my fatigue is temporary. The sacrifices these guys made lasts forever. As Memorial Day approaches please take the time to acknowledge our Veterans for the sacrifices they have made to allow us to live the lifestyles we live in the greatest country in the world. If you are a Veteran and I can help you in anyway please let me know.
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| Classic Albany Colonial on a double lot with three car detached garage. New kitchen, bathroom, architectural shingle roof, insulation, wiring and plumbing. Ready to go! Fenced lot and shed for additional storage. Enjoy your morning coffee on the covered front porch. For 24 hour free recorded information on this home, please call 1-800-448-7016 ext. 1325. |
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| Click to view map: 19 Lincoln Avenue Albany NY 12206 | |||||||||||||
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Those of you that know me or have worked with me probably know that I actually I stay awake at night thinking about how to create value for our clients. A couple of events in the past week have made me think about his more then ever. In the course of doing business I often hear agents with other firms refer to the buyers and sellers they are working with as customers not clients. These are two distinct terms and are not interchangeable. Webster's defines a client as "one that is in the protection of another" a customer is defined as "one that purchases a commodity or service". I think it is obvious why we always refer to the people we represent in our real estate transactions as clients!
Last week I attended a chamber of commerce breakfast meeting where various business topics were addressed. Mark Grimm a local author, business owner, and Guilderland town board member made a point that really stuck with me. Just about every business has a list of platitudes like "customer service is number one", "we give 110%", "we put our customer's needs first", on and on. I have to admit in the past I have been somewhat guilty of this. Mark's point was -What does this really mean? Show me what it means, don't just tell me how you treat clients! Hmmmm how do I show you what it means to be a Clancy Real Estate client? Let me give it a shot.
The next day, Saturday 2/6/10, at about 6:00pm I received a call from a neighbor on a home I have listed for sale in the City of Albany. The owners were out of town and the neighbor noticed unusual black smoke coming out of the chimney. Concerned, I hopped in my car and drove the 30 minutes from my home to the house. Once inside I found a malfunctioning boiler. I was able to reach the owner and arrange for the boiler company to make repairs that finally wrapped up around midnight. The incident made me think further about Mark's comments on client services. What does it really mean to be a Clancy Client?
It means you will be treated like a life long friend. It means we care. It means that if you are an out of state investor client and your boiler breaks I will be there on New Year's day with my kerosene heater to save your pipes until we can get it repaired (done that).
It means that if your basement floods two days after closing in a freak storm I will be there with my submersible pump until we dry it out (Been there).
It means that if you are an elderly widow and I show up to list your house and realize the best deal for you is to keep the home I will tell you. I will also stay for 2 hours and help you put your screens in! (got my suit dirty but stopped the bugs!) .
It means that if I represent you as a buyer and we do the walk through and find the driveway has not been plowed I will be late for the closing so I can shovel your driveway so you don't have to worry about it (My back was gone for a week!) Almost forgot on this sale I carried an old air conditioner from the third floor as the seller had not removed it and my buyer wanted it out. That is probably what did my back in not the shoveling!
It means that if we are about to close and you want to show your mom the house you bought we will gladly show up on a Sunday to let you in! We will also share in your joy of showing off your new home!
It means that we won't play the games people play and send you to a home inspector that will go easy on the home you are buying. We would rather lose the sale and keep a client, then have you buy a home with problems!
It means that if you have kids and have a house warming or Birthday party I will personally bring the famous commercial grade Clancy Real Estate bounce house to your home and set it up for an afternoon free of charge! Nothing makes us happier then making a childs day!
It means that if you aren't happy with anything we have done in a transaction let us know and we will make it right or you don't pay us! It also means that if we don't become friends and feel like family, I think we have failed in our mission. Put simply, it means that our relationship is about you not us.
I hope I showed you what our client service is about! Call us anytime or stop by. We always have coffee on for you!
Your Friend in the business,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
I was recently on a conference call with some of the top real estate minds in the country talking about short sales. Based on this call it appears we may be in for a second wave of foreclosures and short sales as many option arm loans are set to adjust in the coming months. It seems like every week I get a call from an investor or homeowner interested in alternatives to foreclosure. Simply put a short sale involves negotiating with the bank that holds the mortgage to accept a lower amount then what is owed on the home so the home can be sold. For example, say the owner owes $200,000 on a home. The home is sold and under contract for $175,000. The sale price results in the owner being "short" $25,000 in funds to pay the bank off. The short sale is contingent on the banks willingness to accept the lower amount and forgive the owner of the additional $25,000. This is a much better alternative to foreclosure.
With short sales almost becoming common place in our market it is surprising to me the perception still is they are not worth the time and effort. The fact of the matter is, if you understand the way they work the process is fairly straight forward. Over the past several months I have had short sales accepted that were tens of thousands of dollars under what was owed. One was even $200,000 short and was accepted by the bank! Typically, we are getting them accepted $50,000-$80,000 short. As far as the time frame goes I have had short sales take at little at 30 days from the time of contract to the time of closing! While this is unusual it can be done!
From my experience there are three critical factors key to the success of short sale. The first is the involvement of a real estate professional familiar with the short sale process. Second is the existence of a legitimate hardship on the part of the seller. This may be a job loss, illness, etc. In one case I have even had incarceration used as a hardship! Finally, the third key to the success of a short sale is the buyer's patience and understanding of the process. A short sale is not a typical transaction and while they can be completed in 30 days, it is not uncommon to wait 90 days for a response and to get a sale approved. If the buyer is not willing to wait and loses patience it will start the process over.
For help with your specific short sale questions contact me anytime. We do this everyday! Do not let you home go to foreclosure when you have a viable short sale alternative!
Visits us anytime at Albany NY Short sales
Your Friend in the business,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com
Be sure to check out this month's Newsletter, click here
To Search Thousands of MLS listed homes, click here
To see Kevin's Bio, click here
To see Hot Listings, click here
For Buyer's Articles, click here
For Seller's Articles, click here
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Albany NY realtor, Albany NY Real Estate, Albany NY homes, Albany NY Real Estate Agent Full Service Albany NY real estate brokerage and Albany real estate appraisal Http://www.clancyrealestate.com
Kevin Clancy has been providing real estate brokerage and appraisal services to the Capital District for over 18 years. He is a New York State licensed real estate broker, Insurance broker, and general certified appraiser. Kevin is a HUD approved broker and started his career specializing in the sale of HUD homes. Kevin's appraisal experience ranges from vacant land and single family homes to multi-tenant office buildings and retail centers. A graduate of Siena College with a degree in marketing, Kevin obtained an MBA from the University at Albany in the Spring of 2005. A portion of this degree requirement included an in-depth research paper on residential real estate in the Capital Region. During his career Kevin spent several years evaluating residential and commercial real estate throughout the northeast. This includes more then an estimated 10,000 residential homes in the Capital District. This is more homes than a typical Realtor will evaluate in an entire career! For a thorough evaluation of your home prior to listing, Kevin's experience speaks for itself. Kevin's past experience makes him the perfect choice to meet any of your Capital Region or Albany Area real estate sales or appraisal needs. Services include full service and discount brokerage, appraisals, property management, and general consultation services. Need a home? Search thousands of homes at Albany NY Home search or our main site at Albany NY Real Estate for appraisals visit us at Albany NY Real Estate Appraisals If you Need an Albany NY Realtor for buying a home in Albany NY or Selling a Home in Albany NY give us a call!
Remember its not about me! Its about you! Let me be your exclusive buyer representative and mention you want the free 13 month home warranty. I will provide a free home warranty on the property for 13 months after you purchase it to take the worry out of home ownership! This offer is only available for a limited time so hurry!
"Kevin Clancy is by far one of the best if not the best real estate agent
in the Capital District. He is knowledgable about the field, his website
is exceptional and he makes himself accessible to his clients.
But most importantly, Kevin has a high standard of integrity ... simply
put his integrity is not for sale. Good or bad, he will tell you what you
need to know to make an informed decision. In a competitive market such as
this one, finding an agent that gives it to you straight is hard to find.
We highly recommend his company and we always welcome the opportunity to
tell others to use his services. Thank you again Kevin for your patience,
tenancity and professionalism. It was a breath of fresh air to work with
you."
Thomas and Ingrid Williams
Troy, New York
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When I listed my property for sale with Kevin, I didn't really expect or need to sell it. I gave Kevin a "walk away" price with my minimum to let it go.
Less than 1 week after listing the property, Kevin came back with 4 different offers. This guy knows the market! All of the offers were viable, and all were well over my walk away number. He kept in touch with me along the way, but did all of the negotiating on my behalf. The house went for higher than the listing price, and almost 20% more than my original "dream" number for the house. In today's market no one could ask for more than that.
I have bought and sold numerous properties in the past, but never have I dealt with someone so attentive, helpful, and full of good advice. Kevin's experience is evident, and I am grateful for his assistance during this process. He made it easy. I highly recommend Kevin and Clancy Real Estate.
Amy P.
Rexford, NY
6/27/2008
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"While looking for our first home, my wife and I worked with a few different realtors during our search. Kevin was, without a doubt, the best realtor "Kevin is a true professional who simply gets the job done! He's a valuable asset to anyone's team." October 27, 2007 Top qualities: Great Results, Personable, High Integrity Bob Eberle, NYREIA -------------------------------------------------------------------------------- Top qualities: Great Results, Personable, High Integrity Charis Ng -------------------------------------------------------------------------------- Top qualities: Personable, Expert, High Integrity Paul Gallagher
that we encountered and the reason we chose to utilize him exclusively!
Kevin is a tireless worker, an active listener and just a true professional.
Kevin knows the real estate market and all the financial complexities that
come with buying a home (which made him a tremendous resource for us as
first-time/inexperienced buyers).
If we are in need of his professional expertise, we will certainly use Kevin
again and we highly recommend him without reservation."
Tom and Denise D, Clifton Park, NY
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hired Kevin as a Real Estate Agent in 2006, and hired Kevin more than once
"I highly recommend Kevin. I listed a house with him and he brought me 3 offers within the first 2 weeks. He keeps me updated frequently and is a full-service expert in his field. He also recommended an excellent lawyer for the closing. I am very pleased and satisfied with Kevin and will definitely use him again for any future real estate transactions. Kevin Clancy is the owner of Clancy Real Estate. Alway deal with the owner! Thanks again, Kevin for helping me sell that property so quickly." October 23, 2007
hired Kevin as a Real Estate Agent in 2007
"Kevin has always offered me great advice. He knows value and where to find it. Kevin is an agent who understands how to work with investors... which I rarely find." September 30, 2007
hired Kevin as a Real Estate Agent in 2006
"Kevin made the process easy, and his knowledge and experience greatly helped us through the sale, from listing to contract to closing. In fact, his negotiations specifically resulted in a sale price higher than the listing price. We recommend Kevin to anyone looking to sell a home in the Capital District."
Jim M.- Director of a Commercial Real Estate funding company
"... Kevin has a great understanding of the market and more importantly how to position his clients. Great service, a professional approach and an intimate understanding of the local RE market. I highly recommend his firm."
Dear Kevin, As a first time home buyer, I really appreciated your patience and diligence. Through every step of the process I felt like you were there holding my hand. You followed up with members of my purchasing team (attorney, broker, etc.) and even called to check on me while I waited for my financing to get settled and the closing date to arrive. You exhibited professionalism and did a great job representing my interests whenever a challenge developed, such that I worried very little, knowing that you were on my team. This was the first of many real estate purchases for me and I look forward to working with you in the future.
Sincerely, Michele B., Albany, NY
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