Todd Yovino

written by Gabriella for Island Advantage Realty LLC

Many Americans are struggling to make ends meet. The price of gas has taxed the average home budget to its absolute breaking point. With cold winter months approaching there are some people who are wondering how the will weather this economic storm.

For many families the answer has come in the form of buying REO property. These bank owned properties are competitively priced and if the buyer is willing to do some repair work, they can actually save a home owner a considerable amount of money. For some families buying and REO has meant getting out of a loan that is about to reset to an impossible rate and moving into a comparable home with a lower monthly payment. For other families an REO property has become an investment property providing an additional source of income now and in the future.

How could owning REO property benefit your current financial situation? Now is a great time to find out. There are more REO properties on the market currently than at any other time. Island Advantage Realty is the industry leader in REO sales in the Long Island and Metro NY areas, we will be happy to show you this amazing field of real estate.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.

Written by Gabriella for Island Advantage Realty LLC

Where has the time gone? It seems like just yesterday it was the Memorial Day Weekend and the long summer was stretched out in front of us like a pristine sandy beach with no footprints in it yet. And now despite the fact that there are weeks of summer left. Time flies. I hope you'll take a moment to reflect on how quickly time passes and how much can change in just a short time. We are at a unique juncture in the real estate business, one unlike any other. R Right now there are a tremendous amount of high quality REO properties on the market with equally inspiring asking prices. But time will fly and this opportunity will change also. Don't let this chance pass you by. If you have been considering buying REO property now is the time to act. Give us a call at Island Advantage Realty LLC, let us show you how to make the most of your time.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.

Written by Gabriella for Island Advantage Realty LLC

To everything there is a season, including renting and buying. I am a fan of Suze Orman who is a very straight shooter about telling people what they can afford and what they can't afford. Many is the time that I have seen her tell someone that they simply can't afford to buy a car or a house or a new pair of shoes. It's not that Suze is against buying, she's about fiscal responsibility and looking rationally at what your circumstances are. I saw her take a young woman to task the other day for leasing her car instead of buying it, taking the woman's current finances into consideration.

It got me thinking about people who are still renting despite the fact that the cost to rent is actually equal or more expensive in some areas than it is to own a home. Factor in the tax advantages of buying a home and it can be substantially cheaper to own a home and build equity than it is to rent a home and actually throw money away every month.

If you are a renter this is an ideal time to look at the REO market and save money while being able to give your family the gift of home ownership. For more information on REO properties in the Metro NY or Long Island areas please contact us at Island Advantage Realty LLC.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.

Written by Gabriella for Island Advantage Realty LLC

It's not unusual to see a real estate property defined as a "fixer upper". There is an entire market of people out there who would prefer to buy a "fixer upper". Why? Well, generally a fixer upper will be offered at a discount. The seller acknowledges that work will have to be done to the home and that they will not be able to get the same price as a home that does not need to be fixed up. A home owner can buy the home at a discount and then make the necessary repairs at their leisure. Some people actually revel in doing repairs to their home and putting their personal stamp on the home as they progress.

REO properties are sold "As Is", these are properties that come with a wide range of issues, and some are fixer uppers, while others, the vast majority, simply have neglect issues. Some of these homes have been sitting vacant for weeks or even months. In these cases there are necessary repairs that are easily fixed. You don't have to be a "remodeling reveler" to make most of these changes. Sometimes it can be as simple as ordering new carpeting and getting a fresh coat of paint. The good news is that these properties are also discounted to reflect the cost of necessary repairs.

So whether you are a remodeling guru or just some one who enjoys a value discount there is something for you in the current REO Market. For more information about exciting REO opportunities call the recognized industry leader, Island Advantage Realty LLC.

The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action.

Written by Gabriella For Island Advantage Realty, LLC

Life lessons come in all forms. Some of the most important lessons I learned as a child were on my parent's front porch. From my front porch I could hear my parents talking while my mother prepared dinner. I remember the comfort of their everyday conversations, my mother sharing information about my brothers and I, my father sharing information about work and my uncle's families. I could sit and listen to them in the background endlessly while watching all the happenings in the neighborhood.

I saw a lot of living from that front porch. I learned the value of having neighbors who know you and care about you. I learned the value of owning a home and putting down roots and watching them grow. I learned about the importance of community and a sense of pride for investing in the care and maintenance of a neighborhood.

I am sure it is one of the reasons that I'm so passionate about helping people to enjoy the pride of home ownership. Every child deserves to learn the lessons of a front porch; every family deserves the joy of being part of a neighborhood. If it is your goal to own your own home please give our office a call. Island Advantage Realty LLC is the premiere realtor for REO property in the Long Island, Metro New York area.