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Archive for February, 2010

“Now is the winter of our discontent…”  Well, I guess it depends on how you look at things.  There are a lot of people around the world that are unhappy.  Winter weather can be a trial and the economy, the economy, the economy.  It’s enough to make anyone discontented, if that’s all they focused on.  But what about people who are willing to focus on opportunity instead of negativity, are they feeling discontented?  Not from where I sit. 

Everyday I help families to find the REO property of their dreams.  These high value homes are sold a reduced cost to compensate for necessary repairs giving home owners an ideal opportunity to invest in their future.  It’s funny how inconsequential some February slush can be when you finally realize the dream of home ownership.  Winter of our discontent, I don’t think so.  In my office I like to think of it as the Winter of Opportunity.

If you’ve been waiting for the opportune moment to become a home owner, don’t wait any longer.  Pick up the phone and call Island Advantage Realty, LLC we are the recognized experts in REO sales for the Metro NY and Long Island areas.  We have the knowledge and expertise to help you find a great opportunity.

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
 
Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.

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Once upon a time in a land that was not so very far away there lived a house. The house was neither old nor new. It wasn’t a tiny house, but it wasn’t a palatial mansion either. The truth is the house was quite cute, but a bit neglected. His foundation was solid but his trim was worn and in need of paint. The carpet in his formal living room was worn and had an ink stain. Worst of all, his kitchen floor was covered with linoleum that was old and yellowing. He shuddered to think what people thought as they walked through his rooms. Were they able to see beyond his worn surfaces to see that he was structurally sound? Would they dismiss him because of the broken window on his second floor? Would anyone recognize his true value?

One day a family arrived and looked at the house with tender eyes. The mother saw where the vegetable garden once was and instead of concentrating on the dead weeds that covered the ground she envisioned the garden restored and providing fresh produce to her family. The father noticed the linoleum in the kitchen but in its place he pictured wide planked floors in deep cherry along with resurfaced kitchen cabinets. The children scurried across the worn carpet and imagined finding presents under the Christmas tree and stockings hung by the fireplace. The family looked at the house and saw its worth. The family bought the home and made it their own, applying loving touches here and there until the house was clearly cared for and cherished. They all lived happily ever after. Buying REO property doesn’t have to be a fairy tale. If you would like to view the REO properties currently for sale in the Metro NY, Long Island areas please call Island Advantage Realty, LLC. We are experts in the field of REO properties.

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
 
Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.

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Congratulations!  You’ve decided it’s time to buy  REO property!  Wouldn’t you like to know some “insider” tips to help you to find the perfect property for the perfect price?

Tip #1 Only work with a REO expert!

Chances are, if you adhere to tip #1, you won’t need any other tips.  The REO market is different from the rest of the market.  There is a very specific process that brings  REO properties to the market.  If you aren’t working with a REO expert, you run the risk of not even being able to see the full gamut of properties that are available on the market.  And even if you are lucky enough to find the property of your dreams without a REO property expert, you run the risk of losing the property through missed deadlines.  Don’t make the mistake of trusting your REO purchase to anyone other than a bona fide REO specialist.

Tip #2 Look for Value

When you begin to look at REO properties with your REO Realtor keep an open mind about what you will see.  Everyone prefers to walk into a beautifully maintained property, but almost no one prefers paying more for their mortgage.  REO properties are often neglected and in need of repairs.  As a home buyer this should not discourage you, in fact it is actually good news.  REO properties are sold for fair market value minus the cost of repairs.  The more repairs are needed the smaller your mortgage will be.  Look for value and you will find a home for a great price.

Tip #3 Only work with an REO expert.
It bares repeating.

If you live in the metro New York or Long Island areas and would like to investigate the REO market, follow steps #1 and #3 and give us a call at Island Advantage Realty, LLC.  We are REO experts and we can help you to find the Real Estate of your dreams.
 
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
 
Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.

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I have a good friend who likes to ask me, “When would now be a good time?”  She says this whenever I am putting something off or stalling on some important task.  “When would now be a good time?” she asks me when I say I want to treat myself to a day at the spa.  “When would now be a good time?” she persists when I say that I really need to make an appointment for my yearly mammogram.  The question is clever because it cuts to the heart of the matter, there will be a moment when “now” will be a good time.  Is it possible that it is “now”?

There are so many things that we put off in life, actions that we could take that could change the entire trajectory of our lives.  Buying a home is one of those actions that changes a life.  It isn’t just about changing an address; it’s about putting down roots and making a commitment to your financial future.  Buying a home is about giving yourself and your family long term emotional and financial stability.

Of course there are good moments and not so good moments, relatively speaking, to buy a home.  All of the experts seem to be in agreement that this moment in time is one of the most opportune to purchase a home.  There are so many homes to choose from and they are reasonably priced. Additionally there is a limited time tax credit for qualified buyers, making this moment particularly advantageous to buy a home.  Factor in the savings that can be had by purchasing REO property and all I can ask is, “When would now be a good time to buy a home?” 

If you are ready to look at the REO market in the metro New York and Long Island areas, please give us a call at Island Advantage Realty, LLC.  We are the recognized experts in the REO market for this area.  No one is better equipped to help you make “now” your moment to buy a home.

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
 
Island Advantage Realty, LLC specializes in Foreclosures and Bank Owned properties in the Metro NY and Long Island Areas. They are dedicated to educating home buyers about the home buying process in the Foreclosure and REO markets.

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