Saturday, December 15, 2007

President Bush wins agreement, help for financially troubled homeowners

Bush wins agreement to freeze mortgages
Washington Post (12/06/07) P. A1; Cho, David; Irwin, Neil

Major mortgage lenders have agreed to lock in interest rates for five years on loans made to financially troubled homeowners who obtained adjustable-rate subprime mortgages between Jan. 1, 2005, and July 31, 2007. The deal with the Bush administration represents a compromise between mortgage firms and banks that wanted to freeze rates for one or two years and banking regulators who wanted seven years.

Mortgage lenders such as Countrywide Financial, big banks such as Citigroup, and nonprofit groups as well as Republicans and Democrats all support the agreement. The deal has the potential to head off a major foreclosure crisis, advocates say, considering the millions of borrowers facing a sharp increase in rates before July 31, 2010.

Saturday, December 8, 2007

Totally Updated Split

ID#: 2007429 PRICE: $ 529,000

This Totally Updtd Mint Exp Split Has It All Updtd Grnte Eik& Bths,Vinyl, Roof,Elec. Andrsn Wdws; Granite & Hd Wd Flrs; Vlted Clgs With Elec Sklts & Hi Hats; Pklike Bkyd; Huge Trex Deck With Pergola; Lovely Lndscpng,Pvrs,Gas Cookng,Igs,Lge Den With Sldrs To Office/Br,Great Fin Bsmt. All On O/S Prop. This House Is Great Buy!Take A Virtual Tour!!
Bedrooms: 3 Baths: 2 Full Baths Kitchens: 1Approx Sq Ft: N/A Style: SplitTaxes: $ 10,480 Year Built: 1958

To View This house Contact: Mark Schreier (516)263-9094

Here are a few important factors to consider when selling your home

Price and condition are the two most important factors in selling a home, even in a down market. The first step is to price your home correctly. Use comparative sales information from your agent, to objectively evaluate your home's worth. Second, go through the house and repair any obvious cosmetic defects that could deter a buyer.
In a down market, you may have to consider lowering your price and/or making a major repair, such as replacing a high ticket item, (ie:outdated boiler) in order to lure a buyer. Also, make sure that your home is getting the exposure it deserves through open houses, broker open houses, advertising, good signage and a listing on the local and international multiple listing service.

For help selling your home contact me at (516)263-9094

Plainview Sales for November 2008

30 Relda St, Ranch, $410,000
2 Wallace Dr, Ranch, $425,000
13 Melony Ave, Colonial, $400,000
3 Kent Pl, Split, $510,000
3 Warren Ave, Split, $527,000
67 Eilen Ave, Split, $537,000
14 Gould Ct, Colonial, $530,000
10 Pasedena Dr, Split, $560,000
7 Elieen Ave, Exp Ranch, $585,000
9 Beaumont Dr, Hi Ranch, $590,000
9 Wood Lane, Split, $595,000
12 Barabra Ln, Ranch, $720,000
65 Northern Pkwy, Colonial, $955,000
89 Harvard Dr, Colonial, $925,000