About Albany County, NY

That's correct first time hombuyers in Albany may now be eligible for a $7,500 tax credit on their home purchase. To be eligible for this rebate you must be a first time homeowner and you must close on your home prior to July 1, 2009. You must also meet certain income requirements to be eligible. Please call or email me to discuss this program and determine if you are eligible for this credit.

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

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

It seems like the last couple of weeks with the turmoil in the financial and stock markets the number of calls I have received for foreclosures has increased dramatically. While the number of foreclosures in the Albany market has increased we are not drowning in a sea of foreclosures like some areas of the country. (Vegas, Florida, etc) If you are interested in purchasing a foreclosed home I have set up a website at Albany NY Foreclosures  Register and I will be happy to send you a list of bank owned homes for sale.   Call me anytime to discuss the the risks and rewards associated with purchasing foreclosed homes.

After over ten years with ColdWell Banker Prime Properties, I have decided to leave and join Prudential Manor Homes. I needed a change of scenery, and look forward to working with the folks at Prudential Manor. I can be reached through either the Guilderland or Delmar offices, or by cell (518)469-2402<br>

Despite the media hype now remains a great time to buy a home. There is still a relatively high inventory and good selection of homes for sale entering the fall market. If you have good credit today's rates just dropped below 6% for a 30 year fixed rate.  If you want to check daily mortgage rates be sure to try Albany Mortgage Rates the site is updated daily with the most recent rates. For a limited time if you apply for a mortgage with Vista Home Funding and mention you heard about them from Albany NY Real Estate they will waive the mortgage application fee! 

I have said it before and I will say it again the Albany housing market is incredibly strong from what I have seen. The homes that are sitting are over priced or under marketed. In the past week I sold 3 of my listings each with multiple offers on them. Two sold over list price. Is this 2006 again? In addition, both of the last two contracts that I worked as a buyer's agent on had multiple offers. (both of mine were accepted). From my standpoint there are many, many, qualified ready willling and able buyers out there. That said the bulk of activity appears to be in the sub $250,000 range. Homes higher up the food ($400,000-$700,000) chain are still staying on the market slightly longer as buyers digest the higher tax bill sticker shock associated with most of them. Bottom line, if your home is in a primary market (Guilderland, Colonie, Bethlehem, Niskayuna, Etc) and in a sub $250,000 price range priced correctly you are still looking at sub 30 day marketing times. Don't believe me? Call me I guarantee it!

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

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