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| Remodeled cape with updated kitchen and main bathroom. Second floor master suite. New carpet, paint, and interior updating. Ready to go. Eligible for $8000 in stimulus money! |
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| Click to view map: 1313 North Westcott Road Rotterdam NY 12306 | |||||||||||||||
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The talk of recessions and media hype about foreclosures seems to have created renewed interest in HUD homes. HUD homes are homes that were purchased by a buyer using an FHA insured Mortgage. The buyer defaults and HUD sells the home. The very first home I ever purchased was a HUD home. Funny I think I locked in at an 8% mortgage rate on that home and thought I received a great rate! Now you can do the same in the high 4% range! I can remember years and years ago driving to HUD's Albany office every Friday morning to get a printed list of new homes on the market at 7:00am when the office opened. This was the only way to do it and only a handful or brokers were aware of the process. Now all HUD homes are available online so you don't need to set your alarm! The availability of HUD homes online is both good and bad. It is great because it makes it easier for you to view homes from the comfort of your own home. However,the overall exposure the homes receive has increased and multiple office and sale prices above listing prices are common. If you are interested in more information on purchasing a HUD call me or search the homes available by county at Albany NY HUD Foreclosures These homes require a thorough inspection and generally need considerable work. HUD will not make repairs so be ready to do some work. Despite rumors and urban legends to the contrary you can't buy one for $1!
It seems like every spring I write about how hot the real estate market is. Well here is my update again. Despite how the media portrays the doom and gloom of real estate homes are selling quickly, and multiple offers are again common in the Albany market. In the past two weeks, I have been involved in three multiple offer situations on both the buy and sell side. Even when I call listings agents for appointments, I am amazed at the number of homes already under contract with less then a week on the market. With great interest rates, Up to $8,000 in tax credit money available, and reasonable listing prices, buyers are literally coming out in droves. Now more then ever speed becomes essential. If you are interested in a home new to market it is important to view it immediately. The bulk of showing activity happens in the first 3-4 weeks. After this you will generally start to see a decline in the frequency of showings depending on the marketing program done by the agent. If you see a home new to the market call immediately to set up a showing!
One more comment on multiple offers. If you are a buyer in a multiple offer situation be sure to write a personal letter about yourself, your family, and why you want the home. As a listing agent, I see this occasionally but not often. As a buyer's agent, I always have my buyer's write a personal letter. Sure seller's are mainly interested in the bottom line. However, you would be surprised how many times a well written personal letter will sway a seller to accept one offer over another. I have had buyer's win two of the last three multiple offers I presented. You guessed it, both I won included a personal letter from the buyers.
If you want to talk about additional strategies for getting your offers accepted call or email me anytime or visit me online at Albany NY Real Estate Deals
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| 3BR, 1B Ranch with Hardwood floors and a huge kitchen. Finished basement with half bathroom. Corner lot close to everything! |
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| Click to view map: 174 Sand Creek Road Colonie NY 12205 | |||||||||||||||||
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Correctly analyzing a potential income property does not have to be hard. Proper analyis only requires some simply information that includes the purchase price, down payment amount, mortgage interest rate, mortgage term (most likely 30 years), estimated yearly rental income, and estimated operating expenses (insurances, taxes, water/sewer,etc) Once you have this info your returns can be calculated fairly easily. I have a property investment analyzer that will figure your Gross rent multiplier, cap rate, etc but all you really need to know is what you cash on cash return is. If you need help analyzing an investment let me know I would be happy to help you out. Here is a link to the analyzer that works well to give you a quick overview of a property.
Click here for a quick and easy Albany NY Real Estate Investment Analyzer
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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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