Copyright © 2009. By Rosalinda Morgan, "The Rose Lady". All rights reserved.. *SPEECHLESS SUNDAY - OLD SLAVE QUARTERS, BOONE HALL PLANTATION, SC*
If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".
Ph - 516-385-0584
Email - linda@rosalindamorgan.com
Website - www.rosalindamorgan.com
PART II OF THE SERIES: THE PROCESS OF BUYING A HOME IN BROOKVILLE, NY
If you miss Part I of the series, follow this link: http://activerain.com/blogsview/1196351/the-process-of-buying-a-home-in-brookville-ny-first-of-the-series-affordability
Now that you know how much you can afford to buy a home, the next step is:
Finding your dream house - Today buyers are tech savvy and start their search on the internet. They start checking the web for what's available out there in their price range. In this regard, you do not have to look elsewhere. Just by visiting my website - www.rosalindamorgan.com will take you to a SEARCH HOME page where you can see all houses available in the Multiple Listing Service of Long Island.
You have to know what town you want to live in. The old adage still applies - LOCATION, LOCATION, LOCATION. There are several features you want to see while looking. Condition of the house is important and can be found under the heading of Appearance. Agents used several adjectives to describe the condition of home. It ranges from good to diamond. Good generally means handyman's special and diamond is mostly brand new. Agents sometimes divert from this description using pristine or move in. There are times when you do not mind a little work to be done if you can get a bargain. Although in Long Island, basically there is no such thing as a bargain. The sellers want more money for their homes and the buyers are always looking for a bargain. If the price is right and you really like the house, you don't mind a little work to be done. Besides most buyers want to do some changes anyway after they move in to make the place their own and reflect their personality. Most listings provide a whole set of picture with accompanying virtual tours. I would recommend skipping listing with only one picture. That says so much about the kind of agent you will be dealing with. In this internet driven world, a "professional realtor" has to be tech savvy and provides plenty of information to customers and one of them is providing at least ten pictures with the listing. If school is important, there is a place where you can find it. Property tax is also available.
No one can decide which listing you want to see except yourself. Your real estate agent meaning me is one to help you find the right home. Some buyers will buy any home as long as the price is right. It is important to remember that if you only want to live there for few years, look at the resale angle for a quick turnover. Now if you intend to live there for a long time, whether the house is a bargain or not, it does not really matter. Buying a home is still the best investment in the long run.
Copyright © 2009. By Rosalinda Morgan, "The Rose Lady". All rights reserved.. *THE PROCESS OF BUYING A HOME IN BROOKVILLE, NY - PART II*
If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".
Ph - 516-385-0584
Email - linda@rosalindamorgan.com
Website - www.rosalindamorgan.com
FETCH ME TO FIND YOU
YOUR DREAM HOUSE
ROSALINDA MORGAN, CBR, SRES, e-PRO
516-385-0584
Copyright © 2009. By Rosalinda Morgan, "The Rose Lady". All rights reserved.. *NATURE & MARKETING CONTEST*
If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".
Ph - 516-385-0584
Email - linda@rosalindamorgan.com
Website - www.rosalindamorgan.com
This is the first of the series: The Process of Buying a Home in Brookville, NY
AFFORDABILITY
Whether you are buying a home in Brookville, NY or Oyster Bay, NY or anywhere in the country for that matter, it is a very stressful experience to say the least. Looking for that dream home without knowing what it involves is not a good idea at all. As an informed buyer, you're in a better position to deal with all the intricacies of home buying process, going through the labyrinth of paperwork and making the right decision. This is the biggest purchase of your lifetime and you do not want to end up making the biggest mistake of your life.
With the economic situation in Long Island and the effect of the Wall Street meltdown, you must be wondering if buying a home now is the right thing to do. Although the value of home may go up or down, the value is still there. As long as you intend to stay in your home for a long time, the appreciation of home value will be there. Not to mention the fact that your home gives you shelter and a safe sanctuary for your family.
Before you get serious looking for a house in Brookville, NY, ask yourself this question: How much can you afford? Your best bet is to contact your accountant or mortgage broker who can advise you on what you can afford and what programs are available out there for you to take advantage of so you can buy your dream house. If you are a first time home buyer, ask about the $8,000 federal tax credit. Also, Governor Paterson just issued a press release on Aug. 10, 2009 announcing Federal Income Tax Credit for First-Time Home Buyers. Here is an excerpt of the press release:
"Governor David A. Paterson today announced that New York will offer a federal income tax credit to first-time homebuyers to encourage home sales in the State. The New York State Mortgage Credit Certificate (MCC) will enable first-time homebuyers to claim a tax credit equal to 20% of their annual mortgage interest costs, potentially saving the average homebuyer about $1,500 each year. The program will effectively extend, and in some cases improve upon the federal government's $8,000 First-Time Homebuyer Credit enacted as part of the American Recovery and Reinvestment Act of 2009, which expires on November 30th.
The New York State Mortgage Credit Certificate (MCC) can be used to reduce a homebuyer's tax burden for every year the mortgage loan remains outstanding. With an MCC, 20% of the amount paid in mortgage interest becomes a tax credit that can be deducted, dollar for dollar, from a homeowner's federal income tax liability. The remaining 80% of the mortgage interest continues to qualify as an itemized tax deduction, as long as there is sufficient federal tax liability. The MCC will be administered by the State of New York Mortgage Agency (SONYMA), a State agency that offers a variety of fixed-rate mortgages tailored to the needs of first-time homebuyers."
For more details on the program, please visit www.nyhomes.org.
Once you know how much money you need to buy your new home and the amount you need for living expenses, then you are on your way to start looking. With the state of the economy, you want to make sure you have enough money to sustain the mortgage payments and the maintenance of the house. To play it safe, make sure you have at least 6 months reserve for living expenses in case you lose your job.
Once you establish the fact that your finances is in good shape, then you are ready for the next move.
Copyright © 2009. By Rosalinda Morgan, "The Rose Lady". All rights reserved.. *THE PROCESS OF BUYING A HOME IN BROOKVILLE, NY - FIRST OF THE SERIES: AFFORDABILITY*
If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".
Ph - 516-385-0584
Email - linda@rosalindamorgan.com
Website - www.rosalindamorgan.com
SOLD - 20 IRVING PL., OYSTER BAY, NY 11771
Charming Victorian in the village of Oyster Bay in a cul-de-sac, with new wraparound porch, walk to town, shopping, train station, the park and the beach.
SOLD PRICE - $417,500
FEATURES:
House Built - 1913
3 bedrooms, 2 baths
Lot size - 53x95
Formal Living Room with Fireplace Mantle
Formal Dining Room
EIK with original tin ceiling
Hardwood and wide plank floors
Chair Rail and Moldings.
Public Water, Sewer, Oil heat
My buyer made an offer on 20 Irving Pl., Oyster Bay on April 15, 2009 and closed on July 2, 2009. It took less than three months to make it happened: from getting the contract out and signing by both parties, getting the engineer's inspection, getting a mortgage (we had a problem with the first bank, Chase and moved to another bank), getting the commitment from the second bank and closing in less than three weeks. Fantastic record in this tough market and that was due to the excellent customer service I provided my clients.
So if you are thinking of selling your home or looking for your dream house in the Oyster Bay area, it makes sense to find a local agent with an excellent customer service and the most internet presence since 97% of the buyers go the internet first before they decide on a house Check my website : www.rosalindamorgan.com or look up theroselady on Twitter.
CALL TODAY or GOOGLE ROSALINDA MORGAN!!!
Copyright © 2009. By Rosalinda Morgan, "The Rose Lady". All rights reserved.. *SOLD - 20 IRVING PLACE, OYSTER BAY, NY 11771*
If you are interested in selling or buying a home in Brookville, Muttontown, Oyster Bay, East Norwich, Oyster Bay Cove, Syosset, Laurel Hollow, Bayville, Centre Island and Mill Neck, please contact Rosalinda Morgan, "The Rose Lady".
Ph - 516-385-0584
Email - linda@rosalindamorgan.com
Website - www.rosalindamorgan.com
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Luxury Home Marketing Specialist for The Brookvilles, Muttontown, Oyster Bay Cove, Laurel Hollow, Oyster Bay, Centre Island, Mill Neck, Syosset, & Jericho, Find out about my unique marketing plan!!!
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