I have to admit it I have never been a fan of investing in Schenectady Real Estate. The taxes are high, properties are not maintained,and it seems like the city is charging landlords for more and more services. Add to this what I call a population of many "professional tenants" that move from landlord to landlord sticking them for months of unpaid rent. I always have investors that see Internet listings in Schenectady they want me to show them. We check them out and after we put our boots on the ground and my buyers realize the "bargain" is a dump, we end up back in Albany.
That said I have had the opportunity the last couple of months to spend a lot of time in Schenectady. Time at the City Mission, time touring the GE power generations system facility, time at Super power. I also have had the opportunity to experience Schenectady in a way many people don't get to. Such as spending a night riding with a Schenectady cop. There is something exhilarating about putting on a bullet proof vest and flying down state street with lights and siren blaring. After spending time in a patrol car, housing projects, and hamilton hill I have renewed respect for the Schenectady police force and the challenges they face. Last week, I had time to actually visit Schenectady high school. They were in "lock down" when I was there. In fact, I almost couldn't get in because I didn't have a photo ID. It is one thing to see the low inner city school rankings. It is entirely different to hear the passion of a Schenectady school teacher as he talks about the high tech offerings and the trend toward problem solving based teaching. I was also privileged to hear the president of Union Speak about the positive things going on there. One amazing thing I noticed was that downtown actually had business open and people going to the movies.
The bottom line is I am seeing positive things going on in Schenectady. I am not saying the City has reached a "tipping point" but it is heading in that direction. INVESTORS TAKE NOTE. My past experience tells me risk takers and early adapters are the ones that make the money. Now might be a time to consider investing in Schenectady. I am not saying buy Hamilton Hill but there certainly are areas worth a look. I am also not saying put your entire portfolio in Schenectady. However picking up one or two solid properties with good tenants and cash flow might be worth the risk.
Click this link to search Schenectady NY Homes for sale
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
518-861-7016
kevin@clancyrealestate.com
http://www.clancyrealestate.com/
Be sure to check out this month's Newsletter, click here
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The Albany NY Boys and Girls Club has just kicked off it's "one" campaign and we need your help. I know food prices are up, the national media throws around the word recession everyday, and the price of gas is above $3.50/gallon, making a charitable donation now is tough. I am involved with several charities and most are in similar financial situations. However, The Boys and Girls club is a worthwhile organization with a worthwhile mission.
Mission Statement:
To provide a fun, safe, supervised environment for recreational and educational activities where all boys and girls, especially those who need us the most, can develop self-esteem and the qualities needed to become caring, responsible citizens".
To my past and present investor clients I challenge you to please help and make a donation no matter how small. If you are investing in Albany it is my opinion the club indirectly helps you by helping kids and improving neighborhoods. Some brief facts:
1)The clubs are located in the neediest areas of Albany
2)82% of club kids live at or below the poverty line
3)70% of the children come from single family homes.
Here is a link to the clubs site http://www.bgcalbany.com/
In addition to monetary donations, on 5/3/08 and 5/10/08 a group of 35 Albany business leaders will be volunteering to make repairs to the boys and girls club camp. Building supplies and material donations as well as breakfast and lunch for this event are needed. If you are interested in helping in anyway please call or email me directly. Thanks in advance for your help!
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
Clancy Real Estate
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
Its been 10 years since the Hudson Valley area of New York was branded "Tech Valley". I often get asked what is Tech Valley? Tech Valley is a 19 county region that runs from just north of New York to the Plattsburgh region just south of the Canadian Border. Residents of the area often wonder where the "tech" in Tech valley is. Well the answer is simple, It is all around us. Yes part of it is the proposed AMD chip plant in Malta but not all it. In the past 6 months I have had the privilege to be able to tour some of the tech offerings in the area. Some highlights include the IBM Chip Plant in Kingston, the Nanotechnology building on Everett road, General Electric's Global research facility and Schenectady manufacturing plants, and Super Power in Schenectady. I can tell you the amount of research and development going on is mind boggling. Today I was able to tour Super Power in Schenectady. These guys are working on technology that will allow electricity to be transmitted with a limited loss of energy. Currently roughly 7% of electricity produced is lost in transmission. This technology has the potential to significantly reduce greenhouse emissions. Nanotechnology in Albany is already creating new high paying jobs at the Sematech facility. These guys are manipulating matter one the molecular level in clean rooms that look like something out of a Sci Fi flick. This is technology that will change things dramatically going forward. Tech Valley is here to stay and it will positively impact all of us.
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
Clancy Real Estate
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
The attorney general of New York as created new appraisal guidelines that will forbid mortgage brokers from ordering appraisals directly from appraisers on any loans going to Freddie Mac or Fannie Mae. This is roughly 60% of loans originated. The idea is to create a buffer between the appraiser and the mortgage broker and help prevent mortgage fraud and appraisal pressure. However, this rule will basically require mortgage brokers to use an appraisal management company which ads an additional cost layer. This is the exact opposite of supply chain optimization. While the new rules may help curb appraiser pressure they may also result in higher fees for consumers. Only time will tell. Need an appraisal? Visit Albany NY real estate Appraisals
If you have any questions please do not hesitate to contact me. Thank You!
Sincerely,
Kevin Clancy
Clancy Real Estate
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
If you have any questions please do not hesitate to contact me. Thank You! Sincerely, Kevin Clancy Be sure to check out this month's Newsletter, click here To Search Thousands of MLS listed homes, 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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