What will you change in the New Year? So often we make resolutions in hopes of being the best person we can be and so we can live our best life. This year many people will be resolving to be more financially secure. For some this will mean lowering their monthly bills for others it [...]
Archive for December, 2008
Preparing Your New Year’s Resolutions
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 31, 2008 | Leave a Comment »
The Crystal Ball Future
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 30, 2008 | Leave a Comment »
Wouldn’t it be nice if we could look into a crystal ball and know the future? Then we would know for sure what the right course of action is in every situation. It would be nice, but it isn’t possible. What is possible is predicting what may happen in the future by looking at what [...]
Priorities
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 29, 2008 | Leave a Comment »
This is a great time of year. When we aren’t consumed by the hustle and bustle of the Holiday season we are reminded about the things that are most important to us. At this time of year in addition to gift giving I try to remember to thank people for the role they play in [...]
REO Quick Facts
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 26, 2008 | Leave a Comment »
There are many misconceptions about REO properties, here are some quick facts.
1. REO properties are generally less expensive than traditionally sold properties. Banks sell them for fair market value MINUS the cost to repair and restore them.
2. REO properties are available for inspection before you make an offer so you are always aware of exactly what you [...]
REO Homes
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 24, 2008 | Leave a Comment »
Every home has a story. I recently saw a home that has had a rocky road. It is a lovely three bedroom, two story home with a large backyard complete with a rose garden and a row of bushes I am told bear raspberries. At one time this home was the showplace of the quiet [...]
What We Leave to Our Children
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 23, 2008 | Leave a Comment »
What legacy are you leaving to your children? Often a legacy is more than just money or a property. My Grandfather’s best friend was a lovely gentleman, whom we will call Sal. Sal was a great family man and he believed in giving every thing to his family. He worked hard in the family business [...]
Finding the Right REO for You – Part III
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 22, 2008 | Leave a Comment »
Location is an important factor when considering REO properties. In the past, when REO properties were not as plentiful, your choices for available properties would have been severely limited. Not so in todays market.
Currently there are REO properties in nearly every neighborhood and in every price range. It is important to realize that this won’t [...]
Finding the Right REO for You – Part II
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 18, 2008 | Leave a Comment »
An important factor in looking at REO properties is knowing what level of repair work you are comfortable with committing to. Almost all REO properties will need some level of repair. If you are looking for a property that you can move into quickly with out much attention you will be looking at fewer properties [...]
Finding the Right REO for You – Part I
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 17, 2008 | Leave a Comment »
There are many factors to consider when looking at REO properties. I always encourage clients to have a list of non-negotiables and a list of desirables. Non-negotiables are things that your ideal home absolutely must have. For instance some people are adamant about having either a single story floor plan or a two story floor [...]
What Kinds of REO Properties are Available?
Posted in Buy Foreclosure, Metro NY REO, REO BASICS, REO Investment, tagged Buying REO, Investment Real Estate, Island Advantage Realty LLC, Long Island Foreclosure, Long Island REO, NY Foreclosures, NY REO on December 16, 2008 | Leave a Comment »
People often wonder what kinds of REO properties are available. There is no simple answer except to say that there are so many different kinds of properties available. REOs come in all different shapes, sizes, colors, floor plans and styles. The also come in a wide variety of locations. Chances are that no matter what [...]
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