Todd Yovino

Written by Gabriella for Island Advantage LLC

After you have found the proper property it is time to make an offer. With REO property this comes after having a professional perform a lengthy and specific inspection. REO property is generally sold "as is", so it is vital before making an offer to know exactly what the necessary repairs are.

With foreclosure properties it is either difficult or impossible to inspect the property before purchasing. Many people prefer to buy REO property simply for the peace of mind of knowing exactly what they are getting.

Every home buyer is different. Make sure when you are inspecting an REO property and making an offer on it that you take in to consideration the time and expense of all repairs and renovations needed for the property.
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. For further information or questions please contact Gabriella@IARNY.com

Written by Gabriella for Island Advantage Realty LLC

One of the values my parents, grandparents, uncles and aunts always tried to instill in us was the necessity to take care of what was ours. There is something about the pride of ownership that encourages us to take care of what we own.

A home is usually the single largest investment a person will make in a lifetime. The initial purchase is only the beginning, most home owners will continue to invest in their home during the entire time they own it. It makes sense to invest in a home and to enjoy the benefits of a great long term investment. It's like living in your piggy bank.

Currently REO property is one of the most worthwhile investments available. If you are interested in investigating the REO market further, please contact us at Island Advantage Realty, LLC. We are the recognized leader in REO property for the Metro New York and Long Island areas.

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. For further information or questions please contact Gabriella@IARNY.com

Written by Gabriella for Island Advantage Realty LLC

My Aunt Tova had a pillow on the settee in her front parlor that said "The harder I worked the luckier I got." I loved that pillow as a child. Before I could read I loved it because it was soft and beautiful, the stitching was exquisitely done. When I was old enough to read I thought it was funny, but I didn't understand it. I didn't get it until I helped my first client close on an REO property.

My first client was a lovely gentleman who had been investing in real estate for over a decade. He was smart, savvy and driven. He had been a distributor for a well known cheese manufacturer. As a young man he drove a truck all over the metro New York and Long Island areas, stopping in to Delicatessens and small sandwich shops, lifting and hauling heavy packages of cheese. He did this for 15 years while investing in valuable real estate that needed a little TLC. He worked 60 hour weeks to be able to afford his investments.

After 15 years he had amassed a sizable real estate portfolio and he was able to leave his job.. Instead of retiring completely he now focused all of his attention on investing. After another 15 years of investing he was extremely wealthy. At the age of 48 after working 30 years, 15 for someone else, 15 for himself he was able to retire with more money than he could even spend. In the neighborhood he was known as "lucky", but I knew better.

Since that time I have helped many "lucky" people purchase REO properties that either provided a less expensive roof over their heads or additional income for their families. If you are interested in being "lucky" in the real estate market, I hope you will consider looking at what the REO market has to offer.

Give us a call and Island Advantage Realty LLC; we are the recognized experts in this field for the Metro New York and Long Island areas.

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 or accountant before taking any action. For further information or questions please contact Gabriella@IARNY.com

Written by Gabriella for Island Advantage Realty LLC

This year I want to honor all of the Dads out there who work tirelessly to provide for their families. It wasn't until I was in college that I fully appreciated how wonderful my father, my grandfathers and my uncles were. I thought that every young girl was surrounded by honorable men who had their families best interests at heart; men who would work and save in order to buy a home and keep good food on the table. For those of us how have been lucky enough to enjoy these kinds of male role models, I salute you gentlemen!

For all the nights you walked the floor with colicky babies, for all the times you carried a weather worn wallet a little longer so your kids could afford new shoes - I salute you. For all the times you stood and held a purse while your daughters shopped for prom dresses, for all the times you found something positive to say after disastrous little league games - I salute you. For all the times you stood up for what you believed in and all the times you shouldered your burdens silently - I salute you.
For all the times you made your family feel safe and loved - I salute you.

Jjoin me in thanking all of the Dads that have helped us all to realize our dreams and become the best we can be.

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. For further information or questions please contact Gabriella@IARNY.com

Written by Gabriella for Island Advantage Realty, LLC

WRemember back in the day when a Fixer Upper meant that a property just needed a little TLC. Then at some point "fixer-upper" became synonymous with "falling down around your ears." It used to be that REO property, Real Estate Owned, was typically property that was extremely run down. In the market of even five years ago, REO property was not uncommon, but there also wasn't a large selection. Typical REO properties had been neglected for long periods of time and then sat empty for months if not years. Generally they were in bad shape.

When the market changed, so did the status of REO Properties. Suddenly there were a wide variety of properties available, homes that had been cared for, homes that were still in great shape. It's important to realize that today's REO market is unlike any other at any other time. There are "fixer-uppers" available, there are properties that require extensive remodeling and there are even properties that are essentially move in ready. There are REO homes available in every size, price range and neighborhood imaginable.

The real task in this current market is being able to identify these homes and negotiate terms with the lender. Island Advantage Realty LLC is a proven expert in this field. We are the recognized leaders in the REO foreclosure market for the Metro NY and Long Island areas. If you are ready to work with the best, we're ready to show you everything this exciting market has to offer.
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. For further information or questions please contact Gabriella@IARNY.com