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Mary Alice Ruppert
REALTOR®, ABR, AHWD, CRB, ePro, GRI, SFR
Licensed Associate Broker
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Articles Tagged "For Buyers"

Live, Love, Long Island Blog Home

Buy a home | 24 Posts
Homeownership | 25 Posts
Long Island, NY | 55 Posts
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Sell a home | 18 Posts
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December
20

What Buyers Need to Know About Closing Costs

Closing Costs for Buyers - Coach Realtors

Buying a home is a tried and trusted way to put down roots for your family and build wealth. However, it's a significant investment, and before it's down, you may be surprised by all the fees, points, and other funds you have to pour into that investment. Our REALTORS® know that last-minute surprises are never pleasant, which is why first-time homebuyers should thoroughly understand what closing costs to expect and who is expected to pay them. This is crucial because it is the buyer's responsibility to pay for many of the expenses.

  • Closing Costs for Sellers
    Prorated property taxes owed, as well as any transfer taxes, are the seller's responsibility. Likewise, the seller is responsible for paying the agent commission, which is usually anywhere from 5% to 8% of the sales price, title insurance, any HOA fees owed, their attorney fees, closing credits, and any escrow money they owe to the buyer.

  • Closing Costs for Buyers
    Buyers will have to shell out money for originating and processing the loan. Origination fees are typically 1% of the total amount of the loan. The bank will also add an application fee, which is usually around $300. 

    A potentially very advantageous fee that is optional is to buy points which allow buyers to reduce the long-term interest rate and thus the total amount they will pay for the loan. Points usually go for about 1% of the total loan value and allow buyers to receive a .25% reduction in the rate for every point they buy. 

    Buyers will also have to pay for the appraisal fee, which is usually between $300-500 dollars, $20-30 for a credit report, tax service fees, mortgage insurance, homeowner's insurance, property tax, and HOA dues. With the inclusion of HOA dues and mortgage insurance, these additional costs can easily add several thousand dollars to the home's purchase price. 

  • It's Not Nailed Down Until It's Nailed Down
    It's not nailed down and determined who's going to pay what costs until it is spelled out in the contract. Buyers should always make sure that the responsibility for payment is clearly defined and assigned in the contract. Buyers should always work closely with their real estate agent, attorney, and lender to confirm that everything is lined up and that everyone knows who's paying what and how much they're paying. The more open the communication, the less likely surprises will pop up and risk sinking the deal.

  • Ways to Save a Buck 
    Where there's a will, there's always a way to save money. It's possible to find mortgage lenders that don't charge origination fees. You can also find down-payment assistance programs and grants to cover closing costs. And, it's almost always possible to include the closing costs into the loan and pay these off over time. However, the disadvantage to this strategy is that you will end up paying them back with interest; thus, they will cost you more if you don't pay them off right away.    

We know you have lots of questions about buying a home. We invite you to contact us to learn more about the closing costs associated with the Nassau County homes for sale or Suffolk County homes for sale you have your eye on. We will be happy to give you the answers you need to make the best decision for your goals.

August
30

Yes, You Can Make Your Offer Stand Out From the Rest

Make an Offer Stand Out - Buy a Home - Coach Realtors

The time has finally arrived when you're ready to purchase a home. You found the perfect property, your finances are in order, and you're ready to make an offer. There's only one problem, so is every other buyer that's looking for their dream home. In a seller's market, our REALTORS® can help you move to the front of the line.

In a seller's market, buyers outnumber available homes for sale. Buyers often face bidding wars and full-price offers for Nassau County homes for sale and Suffolk County homes for sale that don't sit on the market very long. You need to make your offer stand out so sellers will take notice!

  • Make a Clean Offer
    A clean offer means that it shouldn't be contingent on the sale of another property, have financial constraints, or ask for seller concessions like discounts or paid closing costs. In a competitive market, sellers don't need to make contingency sales or offer discounts. They want well-qualified buyers with pre-approved loans and few risks that may jeopardize the sale.

  • Offer Above-Asking Price
    When buyers outnumber available homes, it's not the time to make low offers. If you want the house, you may have to go above the asking price. Even an offer of $3,000 - $5,000 more will show the seller that you're a serious buyer. A reasonable offer above the asking price won't change your mortgage payment much, but it may get you into your dream home.

  • Put Down More Earnest Money
    When buying a home, earnest money deposits (EMDs) prove that you're a good-faith buyer. On average, EMDs are 1-3% of the purchase price, but you can make a larger deposit. Your agent will hold on to your deposit, which will go toward your down payment and closing costs. However, if you sign the contract and don't buy the home, the seller can keep your deposit.

  • Make a Larger Down Payment
    Making a larger down payment than required by your lender will send a message of good faith to the seller. By putting more money down, you're showing the seller that you're a serious buyer who is capable of meeting all financial obligations. A larger down payment assures the seller that the loan is not at risk and the sale won't fall through.

  • Pay with Cash
    Cash offers are very appealing to eager sellers because they aren't subject to loan approvals, financing contingencies, and lending procedures by banks. Lenders require property inspections and appraisal contingencies prior to loan approvals to protect their interests. Cash offers keep the sale between the buyer and the seller, so the deal moves quickly without a long process.

  • Get a Pre-Approved Mortgage
    In a tight seller's market, multiple offers are often entered on the same home within just a few hours. This can lead to a bidding war where the seller will have to choose the most qualified buyer. A pre-approval letter from a lender that states the amount of money you can borrow for a mortgage will significantly increase your chances of moving to the front of the line.

  • Add an Escalation Clause
    An escalation clause means that your offer will outbid other offers up to a maximum price. Keep in mind, even with an escalation clause the seller can still make a counteroffer. Instead of accepting your escalation clause, the seller can raise the listing price. At that point, you can decide the best way to close the deal.

If you're thinking about buying or selling on Long Island, contact us for information and prices on available properties that meet your needs.

July
26

Tips Before Buying an Older Home

Buying an Older Home - Long Island - Coach Realtors

For some people, there's something alluring and almost whimsical about living in an old house. It's the history, the craftsmanship, and the nostalgic factor that you can't find in a newer build. If you're looking for a home whose walls are filled with history, our REALTORS® can help you find the home of your dreams.

It's no secret that old houses carry a lot of charm and character. They just don't build them like they used to anymore. But for all their charms, buying an older house is a complicated affair. You must be prepared to spend more money long-term than your initial listing price. Even then, you might run into some issues.

Here are a few things you need to look out for when buying an old house.

What Counts As an Older Home?

Age is subjective when it comes to houses. As a general rule of thumb, an old house is one that's fifty years or older, and one built before 1920 is considered antique. But again, housing age is subjective – it's a condition based on numerous factors, including location, architectural style, and even local climate and geology.

For instance, houses in urban cores across the country, such as New York and Massachusetts, tend to be older, averaging over 50 years old.

To help you do your due diligence, here are the factors you need to consider when buying an older home.

  • Construction Style
    In most cases, the construction style of a home is an indicator of its quality. Prefabricated homes are generally constructed to lower quality standards than custom-built new homes. Homes constructed in the Tudor, Craftsman, Victorian, or Queen Anne styles are usually solidly built, more durable, and can handle several rounds of repairs and renovations.

  • Climate and Geology
    Certain climates can age a home. Houses in desert areas and places that experience extreme weather conditions tend to age faster. A house in Chicago will need repairs sooner than one in milder climates. Geological factors such as earthquakes, sinkholes, and high water tables can also accelerate the aging process. Homes in geologically active areas will require more repair and maintenance over their lifetime as such activities can lead to structural damage.

Things to Pay Attention to When Buying an Old House

If the age of a home is subjective, what are the factors you should pay attention to more? Here's a breakdown.

  • Foundation Issues
    When buying an old home, two inspections are better than one. A structural inspection can reveal the extent of foundation issues if any. These issues could range from small settlement cracks to damaged support footings. Look out for wall cracks, windows that won't open, and doors that won't latch. Such minor issues could indicate a larger, more inherent problem.

  • Lead and Asbestos
    Lead and asbestos are neurotoxic materials that were used in piping systems and insulations until relatively very recently. Lead is common in many pre-World War II plumbing systems and in paints made before 1978. Asbestos wasn't banned in residential applications until the late 1980s. In addition, you have to look out for toxic gases, such as Radon, that could severely impact air quality. These issues also necessitate a rigorous inspection process.

  • Previous Renovations
    Old homes have likely changed hands many times over. An inspection could highlight recent renovations and ensure that the house is up to code and industry standards. Some old and antique houses have been updated so many times that it's difficult to determine their age. Sometimes the only remaining original components are the foundation and exterior of the house.

Looking for Some Old School Charm?

Buying an old house has its challenges. With smart planning and the right realtor by your side, you can find a property that's well worth the hassle. Check out our Nassau County homes for sale and Suffolk County homes for sale to find vintage homes with some of that old-school charm. Contact us, and we can help you navigate the hurdles that come with buying an older home.

June
21

When Does an Early Offer Make Sense?

When to Make an Early Offer - Buy a Home - Coach Realtors

With mortgage rates at historic lows, 2021 is a great time to buy a home. If you fall in love with a property, you should definitely consider making an early offer, or you might lose out, considering the market is a strong seller's market. Our REALTORS® can help you craft the perfect proposal, one that couples financial details with the nuances of negotiations to help you close on the house of your dreams.

Currently, the housing market remains open, and the demand to buy is high. But housing inventory is low, and it's easy to find yourself in a bidding war with other homebuyers. The offer of purchase opens the communication channels that lead to the final deal.

Making an offer is not a choice you should make lightly. But just how long should you wait before you make an offer?

Here's everything you need to know about making an early offer.

The Early Bid Gets the Worm

When you're in the market for a new home, you shouldn't wait too long after finding a house that's a good fit before making an offer. You should submit a bid as soon as you're sure you want to buy it.

Typically in a seller's market, sellers prefer to keep their houses longer on the open market to give buyers plenty of time to visit and bid on the home. Knowing this, many buyers hesitate to make an early offer thinking they're at a disadvantage. However, in a fast-moving market, a pre-emptive offer may get you the house that you want. Remember, good homes get snatched up pretty quickly.

When is an early offer your best bet? If you have preapproval and have done your research, then you should make an early bid. There's no point in waiting if you have everything in order. You never know who else is interested.

A popular saying in real estate is: the first offer is the best offer. There's no other point when a house is most attractive than when it's first listed. And this works in favor of those who make early offers.

House-hunting tip: To make your offer attractive, shorten the contingency period to a week or so. This way, you won't constrain the seller's marketing time if the deal fails to go through.

Use Caution with Early Offers

While an early offer may get you the house, you're unlikely to make a bargain in the process. For pre-emptive offers to be considered, they must be high to garner attention. You must be willing to pay a higher price when you make an early offer so you can't have any doubts about the house.

It's clear that your bid will have to stand out when competing against other buyers. You'll need to be strategic, and a personal touch could give you the edge you need.

  • Write a personal letter. Most people have a special attachment to their homes, and a heartfelt letter could make your offer more attractive.

  • If you can, offer to absorb a few of the closing cost fees. This will stick in the seller's mind and can sometimes be the difference between you and other buyers.

  • Submit a clean, fair proposal and back it up with the required documentation such as preapproval letters and proof of funds.

Make an Offer on a House the Right Way

Don't shy away from making an offer on a house you love just because the market is competitive. It doesn't cost a thing to make an offer. The right real estate agent will guide you through the process and work to find you the right home for you.

Ready to make an offer on a new home? We can help. Contact us today and tour our beautiful Nassau County homes for sale and Suffolk County homes for sale.

April
19

Hiring a Moving Company? 5 Things You Still Need to Do

Moving Day Chores - Coach Realtors

Moving your home isn't as easy as hiring professional movers, and voila, everything is done. No matter how competent the movers are, there are still several tasks to take care of before the crew makes an appearance on the scheduled moving day. Our REALTORS® know that starting the moving preparations well in advance can give your moving adventure considerable momentum and make for a pleasant experience. Following are the top five things you still need to do before the moving company arrives.

  1. Declutter, Clean, and Organize
    Let's not drag dust, dirt, and unused items from your old home to your new one. Before moving day, unplug and clean electrical appliances, remove batteries from devices, empty drawers, bookshelves, and cupboards, wash and dry clothes and linens, throw out garbage and wash trash cans, drain the fuel out of any-fuel powered tools, and wipe surfaces clean. Pre-pack small and valuable items to ensure they don't go missing during the move. Also, go through your things and set aside items you haven't used in the past year. Give some to close friends and family members, have a yard sale, donate to charity organizations, or get rid of worthless stuff. This will lighten the load and cut your moving costs considerably.


  2. Establish a No-Pack Zone
    Before movers arrive, take all the items that you don't want your movers to pack or load on the truck into a separate room. These items include valuables of all kinds, essentials boxes, personal documents, and small electronic devices of crucial importance. Just to be safe, mark that room as a no-pack or no-entry zone and consider locking it. If you can't afford to spare an entire room for such items, cordon off one section of a room and make it identifiable as a no-pack zone. Also, be sure to mark any household items that won't be relocated to your new home.


  3. Plan for Kids and Pets
    As movers march in and out of your house, carrying furniture and heavy boxes, the conditions in your home will be downright dangerous for your pets and kids. They could be trapped, stepped on, injured, or crushed in the commotion. Their routine will be disturbed, and they may get scared or upset by the activities and new faces. Your furry family members could also slip out through an open door. As such, it's important to leave your pets and small kids with a relative, close friend, or a sitter. That way, you won't have to constantly keep an eye on your curious toddler or snoopy dog and will be able to focus on the urgent matters at hand.


  4. Prepare Your Home for the Movers
    You want to make sure the movers can easily maneuver your items around and leave your home in good condition. Cover floors, carpets, stairs, and walls with protective materials, place doormats in front of entrances, take decorations from the wall, add foam padding to your door frames, and use corner guards to prevent denting or chipping. You should also check your rugs and floors for anything that could be hazardous during the move, like slack or bunched carpeting or loose floorboards. Also, measure all doorways and hallways that your appliances, furniture, and other large items will pass through to ensure they will fit. You may have to remove trim or take doors off of their hinges to make spaces wider.


  5. Inventory All Your Possessions
    Keep an itemized checklist of everything you're moving. This will serve as proof of the contents of your household shipment if something goes missing or gets damaged during the move. It's a good idea to take photos of expensive items to prove their condition before they're loaded on the moving truck. After packing, make sure to label each box based on its corresponding room in your new home. This will make unpacking easier.

Ready to put your house on the market among Nassau County homes for sale or Suffolk County homes for sale? We encourage you to contact us and find out how we can help.

October
5

Buyers: Ask These 6 Crucial Questions During a Video Tour

Video Tour Questions - Homebuyers - Coach Realtors

There are six crucial questions that our REALTORS® recommend asking during a video tour. The answers you receive will let you know whether it's the right property for you, or whether it's time to move on down the road to the next house. 

  1. Do You Have Any Concerns?
    This is a broad question, but it is very important to ask when the video tour comes to an end. This allows your Realtor to tell you what they think about the property. Maybe the storage space is inadequate, or perhaps the windows don't allow sufficient light into the home. There may be structural flaws, high utility bills, or an unsavory history of neighborhood problems. Asking this one question allows your realtor to tell you all the flaws and problems they see.

  2. Can You Show Me a Close Up of the Cabinets/Appliances/Fixtures?
    A little polish and a touch of wax can make any cabinet or stainless steel finish look fabulous from afar. However, dings, dents, and blemishes become clear as day the closer you get. So, don't hesitate to ask Mr. Demille to give these the close up they deserve. If there is nothing to hide, the homeowner will happily oblige your request.

  3. How Silent is the Home?
    If you have children or work from home, then you know a silent space is worth its weight in gold. Ask the homeowner how well the home is soundproofed and whether there is additional insulation between walls and floors. It's also a good idea to ask them when the home was last insulated and what R-Value products were used. This is a bonus that can clue you into the home's energy-efficiency and whether or not the furnace is adequate to heat the home in winter effectively.

  4. How Long Has the Home Been on the Market?
    Most Nassau County and Suffolk County homes aren't on the market for long. If the home has been on and off the market for a long time, it could be because the home is overpriced for the neighborhood, has structural defects, or has a negative history attached to it. Whatever the reason, it's not likely you want to try and tackle a problem that can leave you with a poorly performing investment.

  5. What Do You Like (and Not Like) About the Home?
    Homeowners will gladly tell you about the many things they like about their home. They may even wax nostalgic over holiday parties on the patio, birthday celebrations in the dining room, and family gatherings in the yard. Listen to how they answer these questions because they may just hide a few details they don't want you to know; like the fact the neighbors constantly complain about noise, the HOA's rules prevent gatherings, or the water heater doesn't supply enough hot water when guests come to visit.

  6. Are There Any Structural Issues with the Home?
    Listen to the sounds of carpets and flooring as your hosts walk around. Please pay attention to the way hot water heaters, faucets, stoves, and other elements sound when they are in operation. If it sounds over the video, you can bet it sounds worse in person.

We're open for business, and it is always our pleasure to schedule video home tours for Nassau County homes for sale and Suffolk County homes for saleWe encourage you to contact us to schedule a video tour of the homes you want to see in the region.

September
21

Buyers: 5 Reasons to Consider Waterfront Living

Waterfront Living - Buy a Home - Coach Realtors

Our REALTORS® know that one of the biggest draws of Long Island is the chance to live by the shore!

Seaside property is always in demand in Long Island. Whether you're looking at Nassau County homes for sale or Suffolk County homes for sale, you shouldn't pass up the opportunity to visit some coastal homes.

Many people have never considered that they might be able to find the ideal coastal property for them. If you haven't thought about it before, now is the perfect time to give coastal living a much closer look. It is more attainable than you think!

When you buy a waterfront property, you're not just getting a new home. The truth is, you're signing on to a whole new lifestyle that can be deeply rewarding. For the right buyer, the benefits are undeniable.

Let's look at the top reasons waterfront living can't be beat:

  1. Convenient Frontage and Water Access
    With your waterfront property, you'll also receive something that any boater covets: The chance to get out on the water any time of the day or night from the convenience of your own ramp or other access point. And whether you're on the boat or relaxing onshore, the tranquility will ease your mind.

  2. High Potential to Accumulate Value
    Waterfront properties typically see the highest appreciation among homes of similar size. When it comes to amenities, few other things compare to living right on the water. That makes them a terrific medium- or long-term investment. When the time comes to sell, you'll be well taken care of!

  3. The Ideal Self-Rental Property
    When vacationers visit Long Island, they're just as eager to hit the shore as locals. Waterfront property is an enticing prospect for a platform like Airbnb. Maintained and marketed correctly, you can parlay your waterfront home into a profitable vacation rental venture and pay your mortgage costs at the same time.

  4. Permanent Views for Your Enjoyment
    When you buy a home in an area under development, you never know what the view will look like next year – let alone in 10 or 15. Most waterfront areas have strict regulations about development, so the value of the view you fell in love with is protected for the long haul.

  5. Feel More Connected to Nature Than Ever
    In today's modern, busy world, it can be difficult to make the time you need to spend a few hours out in nature. A waterfront property has a built-in solution: With the wealth of sea birds, plant life, fish, and small animals that make a waterfront their home, you will always have your own little natural oasis.

When you want to buy a waterfront home, it's crucial to work with an expert in these unique properties. Your real estate agent can help you find one that offers the beauty and privacy you want, all while helping you make sure that your dreams for the property can be realized.

Contact us to learn more. We look forward to helping you.

September
8

Should You Buy a Vacation Home in 2020?

Vacation Home Pros & Cons - Coach Realtors

Like many people, you've probably dreamt of owning a vacation property. But is 2020 the right year to take the plunge on a second home? After all, mortgage rates are at a historical low. But this is a time of economic uncertainty. And we don't know when the economy will fully recover from the impact of the COVID-19 pandemic. There's a lot to consider before you invest, which is why Our REALTORS® give you this rundown of the pros and cons of buying a vacation home in 2020.

  • Pro: Mortgage Interest Rates Are Hitting Record Lows
    If you have the income stability, buying a vacation home in 2020 may make a lot of sense. Mortgage interest rates at a historical low and it's predicted that this will continue into 2021. According to Freddie Mac, the average interest rates in August 2020 dropped below 3% for the first time ever.

  • Con: Being Approved for a Mortgage is Trickier
    With the coronavirus pandemic, all lenders are concerned with the continuity of income. Pre-COVID-19, only a few employment verifications were needed to approve a new loan. Now there are more stringent requirements and processes to prove that a homebuyer is financially stable and will be able to pay a mortgage.

  • Pro: You Can Earn Extra Income
    If the vacation home you plan to buy is in one of the most in-demand cities, you could tap into a new source of income by renting it out. Rental property websites like Airbnb, HomeAway, and VRBO have changed how people vacation. Over the last few months, travelers have been staying at hotels much less and instead opting for vacation rentals because they can easily social distance. And don't forget about tax deductions. If the home is rented out for more than 14 days, it can be considered a business, which means you can deduct any business-related expenses.

  • Con: There are a Couple of Risks
    While real estate is usually one of the best investments you can make, there are several risks associated with owning a vacation property, especially during these uncertain times. To begin with, vacation homes tend to be more susceptible to the effects of economic downturns. 

    What's more, the area where you're planning to buy might take more time to recover from the pandemic. With this in mind, you should consider how the social distancing measures or the closure of attractions and restaurants will affect the appeal.

  • Pro: Buying a Vacation Property is More Feasible Than you Think
    You probably know that vacation homes have long been the playground for the rich. In 2020, however, you don't have to be a multimillionaire to afford a second home. The barriers have come crashing down and there are loads of opportunities for potential buyers like you and at lower price points. If you're willing to dig deep or take on a few renovation projects, it can be possible to make your vacation home dream a reality, at a fraction of the cost.

  • Con: The Upkeep Can Be Time-Consuming and Expensive
    A vacation home is one of the most hands-on investments you can get yourself into. There's a lot of upkeep involved with it and at the very least, you'll have to prep, clean, and restock the property between every guest's stay. There will also be the marketing aspect and unplanned costs for repairs and maintenance.

Before you start looking for Nassau County homes for sale or Suffolk County homes for sale, talk to our REALTORS® to get an insight into the current real estate market conditions and find out if this is the time to take the shot. Contact us today.

July
13

Don't Buy Into These 6 Real Estate Myths

Real Estate Myths - Coach Realtors

Whether you're looking for Nassau County homes for sale or Suffolk County homes for sale, there's one thing you can count on: Our REALTORS® are there to make the whole process easier for you. We'll guide you every step of the way so you can make informed choices.

Unfortunately, even savvy buyers often believe some real estate myths.

It's no surprise certain real estate myths are so common. They've been around a long time and it's easy to pick them up through word of mouth. Some real estate myths were truths once upon a time. However, real estate changes quickly – and it's important to move with the times.

To make things even more complicated, the coronavirus pandemic has changed real estate in a very short time. Buyers and sellers around Long Island need to be aware of how COVID-19 has shaped the local market, but it's also crucial not to overcorrect.

Here are the biggest real estate myths to bust in 2020:

  1. Myth: There Are Fewer Buyers Out There Today
    While March and April saw fewer buyers than in recent years, activity on the real estate market has rebounded. Both buyers and sellers should be aware that the market is vigorous, spurred on by low interest rates and other opportunities. You should prepare for today's market just as you would in past years, but expect longer transaction times and a few extra steps in the process.

  2. Myth: Home Prices Are Poised to Fall Dramatically
    Home prices have generally remained steady throughout the pandemic. Although there is some regional variation, the basics remain the same: People will always need a place to live, so there'll always be healthy demand. With that in mind, buyers shouldn't sit tight and assume that a much better market is around the corner. Taking a proactive stance is best.

  3. Myth: You Can't Buy Without an In-Person Visit
    The best real estate agents have adapted quickly to the needs of clients in the age of coronavirus. Video showings and virtual tours of homes for sale are becoming much more common. With help from your own agent, you can do the proper due diligence, including getting plenty of photos. "Drive-by closings" and other new innovations make the process easier.

  4. Myth: You Don't Need an Agent to Buy a Home
    While it's technically true you can buy a home without your own agent, it's best to think twice. Your real estate agent is there to represent your interests at every turn. That's more vital now than ever before, and it makes a difference: Buyers with their own agents have the opportunity to spend less time on the market, get a better deal, and find a home they'll truly love.

  5. Myth: You'll Need a 20% Down Payment
    A 20% down payment can open doors, and will save money in the long run by helping you cut the amount you'll need to finance. However, there are many alternatives – especially for first-time homebuyers. Federally backed home mortgage programs such as the FHA home loan provide for much smaller down payments, from zero to about 3.5%.

  6. Myth: Preapproval Harms Your Credit Score
    Preapproval accelerates the buying process and gives greater confidence in your buying budget. It enables you to see the nuts and bolts of the finance package you are eligible for and makes the bidding process much faster, too. These benefits come with few drawbacks: Your credit is unaffected unless you place several mortgage applications at one time.

When it's time to buy your next Long Island home, Coach Realtors is here to help. Contact us for personalized advice.

November
18

Pros and Cons of Jumping on the Airbnb Bandwagon

Airbnb Hosting - Long Island - Coach REALTORS

Are you thinking about capitalizing on the Airbnb trend and purchasing a rental property? You're certainly not alone! Millions of homeowners around the world have embraced Airbnb as a second or even primary source of income, but success isn't as simple as shopping for a Suffolk County home for sale and setting up a mattress in a spare room. Prepping your home to become part of the hospitality industry isn't for everyone, and it takes work to turn your home into an Airbnb earner. Our REALTORS® are here to help you make an informed decision, with a look at the pros and cons of jumping on the Airbnb bandwagon.

Should You Consider Airbnb?

  • Turn a Second Home or Spare Room into Extra Income
    Let's start with the biggest pro, and the reason you're probably interested in Airbnb in the first place. If your home has a good location and you prep it properly, you can turn your Airbnb property into a significant source of income. It takes work to excel with Airbnb, but if you stick with it, the payoff can be significant. You can rent out unused space in your own home, or purchase a property specifically as an Airbnb investment. Either way, you can generate extra income without Airbnb being your main job.

  • Prepping a Home for Airbnb Can Be Costly
    While you can certainly generate significant income with an Airbnb property, the eventual payoff often comes with a substantial upfront cost. If you're renting out a home through Airbnb, your customers will expect a home that's ready to host guests. That may require significant renovations to create a comfortable, inviting space. You'll also need to think about the costs of utilities, cleaning, landscaping, and anything else required for your property to look its best.

  • Competition Is Fierce
    Part of the reason that prepping a home for Airbnb can be costly is that the level of competition can be quite high. There are millions of Airbnb properties around the world, and you'll also be competing with local hotels for business. While competition is far from a dealbreaker, it's important to recognize that an Airbnb home isn't a turnkey investment.

  • Show Your Love for Your Community
    Do you love the place that you call home, and enjoy helping people discover all that your community has to offer? As an Airbnb host, you put yourself in a perfect position to promote your community and draw new business to the area.

  • Local Regulations Can Make Things Complicated
    Before making the leap with Airbnb, it's critical to check out the local regulations for rental and hospitality properties. There may be limits on how long you can rent out the property, and taxes can vary significantly based on location. You'll also want to check whether your mortgage lender allows you to sublet the property and look at how renting the property out will impact your homeowners insurance.

  • Becoming Part of the Hospitality Industry
    Behind every Airbnb success story, there's usually an enthusiastic host who loves making guests feel at home. If you love helping guests feel comfortable and pointing them toward the best local attractions, then Airbnb may be for you. If you don't like the hospitality side of things, then a traditional rental property may be a better fit.

Whether you're looking for a home that allows you to become part of the sharing economy with Airbnb or simply searching for the perfect place to call home, we can help. Contact us to buy and sell homes throughout Suffolk County.

October
28

6 Tips for Veteran & Military Homebuyers

VA Loan Tips - Coach REALTORS

Owning your own home remains a crucial part of the American dream, but it isn't always easy. From growing debt problems to an ever-changing real estate market, there are plenty of potential roadblocks to homeownership. For veteran and military home buyers, there are some options well worth considering. 

Our REALTORS® are proud to have helped countless veterans and active servicemen and women buy homes—in many cases, their first homes. We're grateful for the opportunity to help. If you're a veteran or military homebuyer, keep these tips in mind as you start the homebuying process. 

  1. Know Your VA Loan Options
    One of the biggest advantages active military and veterans have when purchasing a home is the ability to secure a VA loan. These home loans are backed by the United States Department of Veterans Affairs and are much more flexible than ordinary loans. In most cases, they cover 100 percent of a home's cost, require no down payment, and allow you to buy a home without having to pay for private mortgage insurance. 

  2. Communicate With Your Lender
    Veterans have a tremendous advantage when it comes to buying a home, but not everyone knows about it. Unfortunately, studies have shown that as many as one-third of all veterans don't know they  can get a VA loan to buy a home. So when you go shopping for a home loan, be sure to communicate your military status to your lender and discuss all your potential benefits. 

  3. Know Your Credit Score
    VA loans aren't quite as contingent on credit scores as a traditional home loan, but it's important to understand that your credit history still matters. Most VA lenders look for a credit score of 620 or above. Obtain a copy of your credit report, and work to improve your credit score if possible before attempting to secure a loan. 

  4. Understand Occupancy Requirements
    VA loans are designed to give veterans, as well as active service members, the opportunity to buy a home intended for use as a primary residence. This applies to anything from a single-family home to a modular home or condominium, but it's not available for purchasing a vacation home or investment property. VA loans also come with occupancy requirements, which includes the expectation that you and/or your spouse will be living in the home as your primary residence within 60 days of closing.

  5. Be Prepared for Closing Costs
    Being able to get a VA loan with no down payment is an incredible incentive when buying a house. But just because you don't need to save for a down payment doesn't mean there won't be any up-front costs. The other closing costs and fees associated with buying a home may still apply. Talk to your agent before closing to make sure you fully understand how much you'll need to pay upfront on closing day. 

  6. Work With a VA-Savvy Agent
    One of the biggest mistakes we see veterans make is not working with a real estate agent with VA loan experience. Look for an agent who understands the VA loan system and process. Your agent should be able to help you with crucial details like the VA appraisal process, property requirements, loan limits, and debt-to-income ratios. 

Our team of dedicated REALTORS® has years of experience helping troops and veterans buy their first homes. If you're ready to learn more, contact us today to explore the ways we can help you become a homeowner. 

October
15

Buying a House: Does Commute Time Matter?

Commute Time - Coach REALTORS

When you're buying a house, many intangible factors come into play. Is it in a safe neighborhood? How is the school system? Does it have a great view? Our REALTORS® find that for many people, job commute is one of the top criteria for evaluating homes.

Today's job landscape has gone beyond the traditional nine-to-five workday, so commute time isn't such a cut-and-dried issue. Here are some expert tips for putting job commute in perspective when choosing a home to buy.

  • How Far Is "Too Far?"
    According to the Census Bureau, the average commuter travels just over 25 minutes each way, which is the equivalent of adding an extra half-day to your work week. Times are even higher in congested metropolitan areas. If you're considering a certain home, take a test run of your potential commute under actual traffic conditions so you have an accurate picture.

  • Hidden Costs of Commuting
    Obviously, longer commutes will affect your finances through costs of maintaining a car, which include wear and tear as well as gas, oil and other specific charges. If you choose a home further away from work because it's more affordable, higher commuting costs can actually nullify the savings. 

  • Commuting and Your Health
    Commuting is largely unproductive time. As a result, people often find themselves becoming frustrated or dwelling on problems and other unpleasant topics. Scientific studies indicate people with longer commutes are more susceptible to high blood pressure, muscle and joint pain, stress, anxiety and lower levels of life satisfaction in general. On the other hand, commute time can be a benefit if you enjoy listening to audiobooks, podcasts or other forms of passive entertainment.

  • Availability of Public Transportation
    Longer commutes can be more palatable if you have ready access to public transportation. In addition to saving on vehicle expenses, you can put the travel time to good use working, reading or even catching up on sleep.

  • Consider Your Lifestyle
    Single adults and people with more active lifestyles may be willing to accept a longer commute because they're spending less time at home. Married couples and people with kids usually don't want to sacrifice precious family time to hours spent on the road.

  • Can Commute Time Affect Your Mortgage?
    Owner-occupied homes are considered the least risky scenario for mortgages. If your one-way commute is longer than one hour, a lender may suspect you're purchasing the home as a secondary residence or investment property, both of which carry greater risk and higher rates. Be prepared to answer questions and provide documentation supporting your purpose.

  • Creative Job Structure
    Telecommuting is a trend that continues to grow. The New York Times cites recent Gallup poll findings that 43 percent of Americans spend at least some time working remotely. More companies are also offering options such as flex-time that allow workers to commute during non-peak hours.

Whether you're buying or selling a home on Long Island, our experienced REALTORS® have the know-how to help you find the solution you're looking for. Contact us at Coach REALTORS® today and get started.

September
16

Relocation 101: Tips for Buying a Home in a Different State

Relocation 101 - Coach REALTORS

Buying a house is a big deal, whether you're moving across town or across the country. Of course, a long-distance move to a different state comes with its own unique challenges, starting with how to shop for the right home across state lines. How do you shop, when you can't readily visit target homes and neighborhoods? Our REALTORS® love helping buyers find the right home no matter their location, and we've put together key tips to help you buy a home in a different state.

  • Start By Contacting Your Coach Real Estate AgentMoving to a new state means you'll have a harder time doing extensive research in person, so contacting a local expert takes on added importance. You can learn plenty about the local real estate market from your Coach agent. They have access to more than 130,000 real estate professionals in over 70 countries Let a local expert start scouting homes that may match your needs. In addition to checking listings in your target destination, they can provide current market trends and analysis on your future destinations. Choosing the right neighborhood plays a huge role in long-term happiness with a home, and with a little digging, you can get the scoop on even small-town neighborhoods.

  • ...But Don't Take Everything at Face Value
    While online information is easily accessible, it also has limitations. Online listings can be outdated, and photos can provide a poor representation of what the home is really like, Be cautious about falling in love with a home based on listing photos alone. Virtual tours can provide a more realistic representation of what a home has to offer, but not every listing will have a virtual tour available.

  • Take a Trip to Scout the Community If Possible
    You may not be able to stop by whenever there's an open house that catches your eye, but it's worth arranging a scouting trip to your new community if possible. So, let our relocation team help you arrange area tours. Visiting a community in person can confirm what you learn online and will provide the type of impressions that can only be formed first-hand. Plan ahead for your visit, so that you'll have time to scout homes while your there.

  • Get A Home Inspection
    Once you get serious about making an offer on a specific home, it pays to have a home inspection. It's required in many cases, but even when not required an inspection can tell you so much about a home. A home inspection provides peace of mind that the home won't have any hidden issues, which is especially important when you're shopping in a different state. Your local expert can get you a first-hand recommendation to a reputable home inspector.

  • Contact Local Utilities and Research Property Restrictions
    Save time and headaches by researching local utilities ahead of time, including power, water, internet, phone service, and garbage collection. You'll also want to check out property restrictions in the area, so you have an idea of what you'll be able to do with your new home.

  • The Right Real Estate Agent and Resources Make All the Difference
    When you're shopping across state lines, the right real estate agent makes all the difference in making it a smooth process. Our team at Coach REALTORS® is a member of Leading Real Estate Companies of the World, aka LeadingRE, a robust international network that helps buyers shop for homes no matter their location. Wherever you're shopping from and moving to, you can find a local real estate expert by contacting your home Coach agent.

Ready to make your own move to Long Island? No matter where you're shopping from, our team is here to help you find the right local home. Contact us to buy and sell homes throughout the Long Island area and the World.

September
2

Buying a House | 9 Tips to Make Your New City Feel Like Home

Buying a Home in a New City

Moving to a new city is an exciting time.  A whole new place to explore, new friends to make, and new experiences to have.  But it can also feel scary and a lot out of your comfort zone.  Where will your new favorite pizza place be?  Who will you go to yoga class with on Tuesday nights?  It will take a little planning and a willingness to explore, but these tips will have your new city feeling like home in no time.  Our REALTORS® are experts in the area and can help you to make the transition as simple as possible.

  1. Walk Around Town
    Play tourist in your new city.  Head downtown, pick a street and get lost.  The best way to truly learn the ins and outs of a city is to explore it on foot.  You might find places that you would love to visit (like that favorite new pizza place) but would ordinarily miss as you zoom past on your way to work.  Grab your walking shoes and see what you can find.
  2. No Second Chances
    At least for a little while.  If you find a great coffee shop, keep it on the list, but try another café the next time you are out.  This will give you the chance to explore more of your new city and provide you with more options for meeting new neighbors.  And speaking of your neighbors…
  3. Look for Community Announcements
    Check online or in local newspapers to see if there are announcements about events happening around town that might be of interest.  Local Facebook groups can be a wonderful source about staying in the loop of what's going on.  This is the perfect way to find out about that annual jazz festival or pie-eating contest that you can't wait to enter.
  4. Cheer for the Home Team
    Becoming a fan of the local sports team is an awesome way to build camaraderie with your new neighbors.  It also provides a built-in schedule of events for you to attend or watch with new friends.  Hopefully, they aren't your previous city's rivals.
  5. Unpack
    While this may seem obvious, it can often take us much longer to get everything in its place that originally planned.  Once you have all your favorite pictures on the wall and your knickknacks on the shelves, it will automatically start to feel more like home.
  6. Volunteer Your Time
    Volunteering can be a great way to get to know more about your community, support a good cause, and get you out of the house.  Rather than being nervous about your new surroundings, you can feel good knowing that you are giving back and helping others.
  7. Ask Your Friends
    Even if most of your friends are in your old hometown, they may know something about where you live now or have friends that they can connect you with. They may be able to help you to explore things like the best places to shop or hangout.  You might even be able to convince someone to give you a tour.
  8. Step Out of Your Comfort Zone
    As you get to know new people and start hanging out, you may start to receive invitations to do things that you may not have tried before.  Just say yes.  You'll get to know your city a little better and you may just find yourself doing a new activity that you love.
  9. Give Yourself a Grace Period
    No matter how excited you are about your new city, there will likely be moments where you may feel lonely and homesick.  Don't be too hard on yourself.  It takes time to get completely comfortable after unpacking your bags.  Just know that it does get better.

Make the most of your first few weeks and months in your new city.  Trying just a few of these tips can help you feel like a local before you know it.

If you have any questions about things to do in your new town or you would like to learn more about homes for sale in your area, contact us for more information.

August
19

Buying a House: How Do I Raise My Credit Score?

Long Island Home Buying Credit Score

Our REALTORS® get plenty of questions about credit score and how it relates to buying a house.

Many people are intimidated by the idea of being judged by their credit score. They may have had financial difficulties in the past that impacted their ability to maintain the average score.

Here's some good news: No credit score is perfect – most experts claim that attaining the highest possible score is nearly impossible. Lenders aren't actually looking for "the magic 850," either.

The other thing to know is this: Even if your credit score is lower than you'd like, you still have the chance to change it. Starting even a few months in advance can improve your credit score.

In recent years, lenders have generally relaxed their credit score requirements. Still, improving your score can result in a better loan with a lower APR. That may save you thousands of dollars.

Here's what you can do to raise your credit score:

  1. Don't Close Any Accounts
    Some people are tempted to start closing old credit accounts as soon as they begin a house hunt, but this is counterproductive. Older credit accounts demonstrate a longer account history, which can increase your score. Don't close accounts, even if they are fully paid off and unused.

  2. Don't Open Any Accounts
    Lenders will look at recent credit history to get an idea of your overall spending habits. Don't be tempted to sign up for a new credit card, open a car note, or make any other type of major buy. All your financial clout should be focused on finding and bidding on your new home.

  3. Start Saving
    Gone are the days when a 20% down payment was an absolute requirement for buying a house. Still, savings can move you into a different category in lenders' estimation. If you can drum up a 10% or even 5% down payment, it may mean paying off your mortgage loan much sooner.

  4. Set Up a Budget
    As a home buyer, you'll need a new budget sooner or later. The sooner you can set one up, the easier it will be to meet your savings goals. Sometimes, you can even use your budget to show lenders you've given due thought to the financial obligations of homeownership.

  5. Attack High-Interest Balances
    Your credit score is affected by the percentage of your total credit that's in use at any one time. You can reduce this amount the fastest by paying off balances with the highest APR. Paying off a single credit account can sometimes have an outsized effect on your ability to save.

  6. Improve Your Cash Flow
    Naturally, one of the best ways to save money is to make more money. It may be a good idea to look for opportunities to make a few extra dollars online. The sooner you get started, the further you can go, even if you only increase your income by a small amount. Just don't burn yourself out!

  7. Examine Your Credit Report
    Credit information is reported (and collected) by many different sources that can make mistakes. If you happen to have inaccurate negative information on your credit report, you can dispute it and have it removed. The official, government-mandated website to get your report is Annual Credit Report.

  8. Relax. Really!
    It's easy to overestimate the importance of credit. The fact is, your credit score is only one part of your total financial picture. If you have steady employment and income, most lenders will be more interested in where you stand now than where you were 18 months ago.

Contact us today for personalized advice to help you with your situation.

July
22

7 Secrets of Successful Homebuyers

Long Island Home Buying Secrets

Our real estate agents are here to help you through every aspect of buying a home. From planning out your approach to finding your dream property, making a bid, and getting to closing day, we'll be there. And we know getting the right home begins months in advance.

The better a buyer is prepared, the easier it is to get through the process smoothly.

Any major goal has to be broken down into concrete steps you can take action on. The sooner you do this, the easier it is to clarify and navigate the journey ahead. It's essential to recognize and institute "good habits" related to home buying as soon as you can.

Which habits are the most important? These will get you on the right track:

  1. Start Saving as Soon as You Can
    Gone are the days when you had to have a 20% down payment just to be considered for a home. Even so, the more you save the better off you'll be. Establishing a budget is a vital first step that will pave your way to additional monthly savings. Try to put aside a little bit every month.
  2. Get a Real Estate Agent Early
    The sooner you meet your real estate agent, the better. He or she can keep you moving forward on each phase of the process. You may need to talk to more than one expert before you find the right one for you. Years of experience and insight into the local market are both essential.
  3. Attend Open Houses Regularly
    It's a great idea to start going to open houses even before you're ready to bid. By attending one each week, you'll learn what you can expect – in terms of amenities, size, layout, and price – from the homes in the area, you plan to move into. Plus, one of them might turn out to be "The One."
  4. Fine-Tune Your Finances
    Saving is crucial, but not the only step you'll need to take financially. Your credit report and total indebtedness are also key factors in your loan package. Be sure to pay monthly bills on time, pay off (but don't close) credit accounts, and review your credit report for errors.
  5. Get Going on Loan Preapproval
    Once you have your finances in order, you can start the loan preapproval process right away. When you become preapproved, your loan gets into your hands sooner, so you can act fast on the home you want. Remember, you'll have to submit plenty of documentation to get your loan package started.
  6. Get Used to Shopping Around
    Future homeowners should get used to looking for the best buy – not only in price but value. Compare lenders to get superior APR and payment terms, compare real estate agents to find one you feel comfortable with, compare homes, and compare contractors for any renovations.
  7. Equip Yourself with Reminders
    From beginning to end, buying a home is a marathon. You'll have all kinds of things you need to do, recall, and keep track of. Make it easier on yourself by writing things down or setting up app reminders. Save all relevant correspondence, including with your lender and real estate pro.

    Buying a home leaves you with a lot to do--especially when it's your first home. Break things down into bite-sized chunks and you'll find yourself moving forward faster than you imagined.

A good real estate agent is the concierge who can guide and advise you from start to finish. With our team, you get exceptional customer service along with deep local insight.

Contact us when you're ready to start your Long Island home search.

July
8

You Can Buy a Home with Student Loan Debt

Buy a Home Student Debt
Higher learning comes at a price. Student loans, not credit cards or auto loans, make up the bulk of debt in the United States to the tune of nearly $1.5 trillion. Surveys show approximately 43 percent of student loan holders put off buying a home.

If you want to buy a Long Island home for sale, don't let student debt keep you from achieving your dream. Our REALTORS® share seven tips for buying a home while you're paying off student loans.

  1. Polish Your Credit Rating
    Lenders will not turn you down for a mortgage specifically because of student loans. They're more interested in your overall financial picture and whether you're a suitable risk. Keep tabs on your credit score, correct any mistakes, and manage existing debt responsibly.
  2. Apply for Pre-Approval
    When you're pre-approved for a mortgage, you know what your buying power is so you can budget accordingly. You may be pleasantly surprised at what you're able to afford. Pre-approval also signals to sellers that you're a serious buyer with available financing.
  3. Minimize Debt-to-Income Ratio
    Debt-to-income ratio (DTI) is a yardstick lenders use to determine acceptable risk. Based on a standard rule of thumb, your total obligations (including housing) should equal no more than 36 percent of your income. If you don't meet this qualification, you have two options: pay down your debt or increase your income.
  4. Automate Payments
    Your payment record impacts your credit score, and chronic late payments are a red flag that you may be overextended. Set up autopay wherever possible to ensure prompt payments and prevent expensive late fees. 
  5. Explore Financial Assistance Programs
    There are a number of programs and grants available for first-time home buyers to make down payments and closing costs more manageable. For example, an FHA loan allows for a down payment as low as 3.5 percent rather than the traditional 20 percent.
  6. Refinance Student Loans
    Some lenders will refinance student debt at interest rates much lower than the loans originally carried. Possibilities include graduated repayment, where monthly payments start low and increase every two years as income is likely to rise, and income-driven plans that cap monthly payments at a percentage of your income.
  7. Consolidate Credit Card Debt
    ​​​​​​​If you have multiple sources of credit card debt, consolidate by taking out a personal loan to pay them off. In addition to saving money with a lower interest rate, installment loans with fixed repayment times look better than open revolving loans on your credit report. 

Buying a home can be an intimidating process. Contact us and let our friendly and experienced REALTORS® guide you along every step of the journey.

April
29

What to Expect Your First Year Owning a Home

First Year Owning a Home
Buying your first house is an exciting time and often filled with thoughts of new furniture, gallons of paint, and hardwood floors. It is wise to prepare for unexpected issues that can occur during the first year of homeownership.

That's especially true if you're used to the renter's life. There are plenty of things to consider when you--instead of a landlord--are responsible for maintenance of your new digs.

Don't panic. It just takes planning, and a willingness to embrace the inevitable surprises that come with owning a home. Our REALTORS® are here to help you make a seamless transition into your first year of owning a home.;

  • Shopping with the Future in Mind
    One of the best things about moving from renting to owning is that your stuff now has a long-term home, too. For many first-time homeowners, that presents the opportunity to upgrade from the thrifty furnishings of an apartment to something more permanent for your own home. It's essential to keep an eye on finances during your first year, but that doesn't mean you can't pick up some new furnishings or decorative items for your home.

  • Maintenance Takes Time and Money
    In the past, you may have called your landlord when there was an issue with your rental property. Now, you're responsible for maintaining your home. There are plenty of minor maintenance issues you can tackle DIY or contract out for a reasonable fee, but eventually, there will be bigger issues that may carry a more significant cost and require the help of an expert.

  • An Emergency Fund Is Your Friend
    Since you can't always predict when a significant maintenance issue will pop up, it's crucial to have an emergency fund. Set aside some extra cash whenever you can, so that when something big arises – like roof or plumbing issues – you'll be able to cover it without breaking your budget. If there's a maintenance emergency, you'll be happy that you have some funds ready to address it quickly.

  • Renovations May Have to Wait
    It's perfectly normal to dream about the upgrades that you'll make to your new home, but the first year isn't always the best time to tackle big renovation projects. Take some time to get used to owning a home, get comfortable with your budget, and decide which renovation projects are right for the home.

  • Prepare for the Cost of Utilities
    Heating and cooling an apartment may not cost a ton, but some utility costs may increase when you make the upgrade to owning. Be prepared for extra monthly expenses, especially when it comes to heating and cooling.

  • Setting Priorities Is Crucial
    Whether we're talking maintenance, renovation projects, or anything else around the house, setting priorities makes life much easier when owning a home. Make the most of your budget by prioritizing maintenance issues and projects. The to-do list never really ends, but for many, that is part of the joy of owning a home.

Are you a renter, and still searching for the right home to call your own? Our team is here to help. Contact us to learn more about how we help both new and experienced buyers find their ideal home.

April
8

6 Tips to Compete with Cash Offers When You're Buying a Home

 

Home  Buying Tips Cash Offers
Buying a house isn't always as simple as just finding a house you want to buy and submitting a bid. There's always the chance that the home of your dreams also happens to be the home of someone else's dreams. If there's another buyer that's submitting a competing bid, then there are ways to make your bid more attractive to the seller. However, this can be a bigger challenge if your competition is offering to pay in cash.

  1. Offer a larger good faith deposit
    A large good faith deposit shows that you are a serious buyer--and that money will be put towards your down payment as well. If you can put down between 10 and 20 percent as a good faith deposit, you'll be in a strong position to have your bid accepted.

  2. Meet the needs of the seller
    Different sellers have different needs. Find out what the needs of the seller are and see if there's a way you can meet them. For example, the seller may be looking to downsize but hasn't found a house to buy yet. You could offer a flexible closing date that gives them the time they need to find a new home. Always remember that the goal of a seller isn't always to make the most money possible.

  3. Show proof of funds
    Sellers like cash offers because they know the buyer has the means to actually purchase the house. If you can prove that you have the funds and assets you need to obtain a loan and to make a large down payment, it can help put a seller's mind at ease. You can do this by including a letter from your personal bank or a letter from a CPA that certifies any funds or assets that you will rely on to secure your mortgage.

  4. Get a mortgage pre-approval
    Cash offers are safer to accept. However, if you are pre-approved for a mortgage and the sale to the cash buyer falls through, being pre-approved for a mortgage shows the seller that you will likely be approved for the loan you need.  Pre-approval helps mitigate some of the risks to the buyer. 

  5. Make a larger bid
    Sometimes, the only way to compete with a cash offer is to make a larger bid. The last thing most buyers want to do is to overpay for their house; however, if you can afford it and it's the house that you truly want, then you might want to consider making a larger bid.

  6. Write a personal letter
    If you can't up your bid to compete with a cash offer, then consider writing a personal letter to the seller. Explain to the seller why you want to buy the house and what you love about it.  Submit the letter along with your bid.  Addressing a seller personally and putting a face to your bid could help them connect to you as the buyer.

Cash offers are difficult to compete against because cash is a sure thing to a seller. Fortunately, there are plenty of ways that you can counter a cash offer. These are a few potentially effective methods that can help you get your bid accepted despite the fact that you can't make a cash offer yourself. If you're looking to buy or sell a Long Island home, then be sure to contact us at Coach REALTORS® to speak with one of our real estate agents today.

February
18

Tis the Season for Home & Garden Shows on Long Island

Long Island Home & Garden Shows
If you have recently purchased a Long Island home or are working with our real estate agents to find one, you should know about the Long Island home and garden shows coming to our area sure to satisfy the HGTV fan in all of us.

America loves these shows, and with good reason. They are a one-stop shop for inspiration on all aspects of home decorating, landscaping and renovation, offering inspiration, ideas and expert advice for most any project homeowners could have in mind. You'll be able to discover new trends, get the lowdown on products, materials, and fixtures, and consult with a wide variety of home improvement professionals to help turn the dream-home image you have in your head into a reality. Here's the where and when of upcoming Long Island Home & Garden Shows:

Long Island Spring Home Show - February 22 - 24, 2019
Suffolk County Community College Grant Campus, 1001 Crooked Hill Road, Brentwood

This event has a lot to offer, so prepare to be inspired. It is designed to be a fun, interactive environment for homeowners in all stages of remodeling, decorating and landscaping their homes, featuring loads of exhibits to stimulate creative ideas and lots of expert advice to help bring them to fruition.

The Kitchen Showcase is a special feature of this show that is a can't miss for people planning kitchen remodeling projects for Brentwood homes. No matter what type of space or budget you are working with, there will be local contractors and other vendors available to answer your questions, display, explain and install all the latest trends in cabinetry and fixtures, and provide you with deep discounts to help you get your project underway. Another feature you won't want to miss is the Hot Tub Blowout Sale, which is the place to find the best prices on the best hot tubs and swim spas.

Admission and parking are free, and hours for this Long Island Spring Home & Garden show are as follows:

  • Friday, February 22, 4 pm - 8 pm

  • Saturday, February 23, 10 am - 8 pm

  • Sunday, February 24, 10 am - 6 pm

Long Island Spring Home Show - March 30 & 31, 2019
NYCB Live, home of the Nassau Veterans Memorial Coliseum, 1255 Hempstead Tpke., Uniondale

This Home & Garden show aims to inspire, motivate and excite homeowners who plan to improve their Uniondale homes, whether those projects are minor renovations, major remodels or landscaping projects of any size. You'll find a long list of trusted local contractors and expert exhibitors from virtually all home improvement categories to guide and inspire.

You'll also find features that focus on specific areas of your home, including a comprehensive Kitchen Showcase and a Landscape & Outdoor Showcase that is a "show within a show." Special show-only discounts are also featured by many vendors. You can take advantage of many opportunities to make planning your project, comparing contractors and materials, shopping and saving easy and convenient by attending this show.

There is no fee for admission to the show, and the hours are as follows:

  • Saturday, March 30, 10 am - 8 pm

  • Sunday, March 31, 10 am - 6 pm

When you're ready to buy or sell your Long Island home, contact us at Coach REALTORS® to get started.

February
11

Winterfest 2019 - 5 Weeks of Local Long Island Living

Long Island Winterfest 2019
If you are considering a move to Long Island, as our real estate agents would surely tell you, getting a feel for the local culture is a great way to find out if this community is one you'd be happy to call home. Long Island's upcoming Winterfest 2019 event provides a golden opportunity to do just that. This mid-winter festival offers five weeks of local living on Long Island, giving locals, visitors and potential new residents a chance to immerse themselves in the unique culture of this community.

About Long Island's Winterfest 2019

Winterfest 2019 is the 12th annual presentation of this award-winning event, which is held each year all across the East End of Long Island. It is a celebration of Long Island's culture, including local wine, craft beer, foods, arts, music, and entertainment. A variety of businesses and venues participate in Winterfest each year, including local wineries, breweries, restaurants, theaters, art galleries, hotels and B&Bs, farmer's markets and retailers, among many others. This 5-week long event kicks off on Friday, February 22 and runs through Sunday, March 24. It offers a taste of authentic Long Island/East End living to all who attend, whether they come for a day, a weekend, a week or stay throughout the entire five weeks Winterfest 2019 events.

Winterfest 2019: Highlights, Dates And Other Details

Winterfest 2019 starts on Friday, February 22 and runs through March 24. The Kickoff Party is one definitely one of the highlights of Winterfest and is an event you won't want to miss. It will be happening on the opening day of Winterfest, from 7-10 pm and will be hosted by the Hotel Indigo. You'll need a ticket to attend, and purchasing yours in advance is wise to ensure your spot for this celebration.

The Harborfrost celebration is another popular highlight of Winterfest 2019. It's happening at Sag Harbor, Long Island on February 23, from 1- 6 pm. Fire and ice is the theme of the event, and attractions include live ice carving demonstrations, ice sculptures, live music, children's activities, a Culinary Stroll, fire jugglers and dancers, shopping, dining and fireworks over the harbor.

Other highlights of this event include wine tasting events, an array of live music performances, specialty cocktail gatherings, and craft cocktail seminars, American Country nights, art exhibitions and much, much more. For a full list of everything going on this year, visit the Long Island Winterfest 2019 website. You'll find a complete calendar of Winterfest events on the site, as well as information on how to book pre-packaged or customized tours for the ultimate Winterfest experience.

Contact us at Coach REALTORS® when you're ready to start your search for Long Island homes for sale.

December
10

Long Island Homes: 5 Reasons to Buy a Home During the Holidays

Buy a Home During the Holidays
With the holiday season waiting just around the corner, why not consider purchasing yourself the greatest gift of them all? The holidays are a busy time for buyers and sellers alike, but this time of year also happens to offer some of the best opportunities to shop for homes in Long Island. 

Since other buyers may sit out the holiday market, this is an ideal time to shop with less competition, find the best deals, and invest some of your vacation time into shopping for the home of your dreams. Our real estate agents know what it takes to land the right house at the right time during every season, and we've put together five key reasons to buy a home during the holidays.

  1. Shop with Less Competition
    Not every shopper is willing to dedicate time to house hunting during the holidays, which is excellent news if you're still in the market. Shopping with less competition makes life easier in so many ways, and there are few times of the year when you'll find less competition than during the holiday season. With fewer people on the market, you'll have an easier time seeing all of the houses that make your list, and a better chance of negotiating an advantageous price for your budget.

  2. Motivated Sellers Ready to Make a Deal
    Just as with buyers, not every seller will be interested in marketing and showing their home during the holidays. The sellers who do remain will often be very motivated to make a deal – whether they're trying to close before year's end or make a quick sale so that they can move into their next home. Motivated sellers are naturally great news for buyers, because they may be more willing to compromise on price, contingencies, closing, and other important perks.

  3. Putting Your Vacation Time to Good Use
    For many shoppers, the holidays are among the few times of year where you may enjoy the opportunity to use up some vacation time. That makes the holidays a great time to shop for Nassau County homes or homes in other Long Island communities because you'll have more free time to devote to your search. You can still enjoy all of the great traditions around the holidays while setting some time aside to find a home that you truly love at a price you may not be able to get during busier home shopping seasons.

  4. An Accurate Picture of Your Target Homes
    The warm-weather seasons, with blooming flowers, lush landscaping, and verdant green as far as the eye can see, can make it easy to hide deficiencies in a home's appearance. Shopping during the late fall and early winter provides the perfect opportunity to see if the house still looks beautiful without all of the bells and whistles of springtime. After all, you want a home that looks great during every season.

  5. Quick Closing before the New Year
    If you're shopping during the holidays, that may mean that you're looking to close the deal quickly either before or just after the new year begins. The good news is that sellers who are still on the market will often be looking for the same thing! If you're looking for a quick closing, the holidays are an excellent time to shop.

Is finding the perfect Long Island home at the top of your priority list for the holidays this year? Contact us at Coach REALTORS® to buy and sell homes throughout the Long Island, NY area.

October
15

Suffolk County Marathon Takes Off October 28

Suffolk County Marathon October 28
The cool, crisp air of autumn, beautiful foliage and vibrant downtowns of Suffolk County serve as the backdrop to one of our area's most anticipated marathons each year. The 2018 Suffolk County Marathon is coming up on October 28, providing the perfect opportunity to put your running skills to the test and support a great cause in the process. In addition to the full marathon, there are shorter runs designed for runners of every experience level and background. Our real estate agents have all the details on this year's edition of the Suffolk County Marathon.

Great Race, Great Cause: The 2018 Suffolk County Marathon and Freedom Fest

The Event: The Suffolk County Marathon
Date/Time: October 28, 2018 at 8:00 am
Registration: Online Sign-Up Available Pre-Race

Choose Your Race and Save the Date 

Whether you've been training for a marathon or simply want to do your part to support a good cause, there's a race during Suffolk County Marathon festivities with your name on it. In addition to the full marathon (26.2 miles), there will be a half-marathon (13.1 miles), 5k run/walk, kids fun run, and a four-person relay marathon. There will also be wheelchair races for the marathon, half-marathon, and 5k, along with virtual races for every race length. Each race will have a special start time for active-duty military members and veterans.

The course for the Suffolk County Marathon starts and ends in Patchogue while winding through a number of great Suffolk County communities in between. There will be water, Gatorade, energy gel, and restroom stops spaced out along the route, as well as plenty of supporters along the way. Explore the downtown areas of Suffolk County communities, enjoy a great workout, and maybe even shop for Suffolk County homes for sale along your race route.

Run to Support a Great Cause

The Catholic Health Services of Long Island along with other local supporters sponsors the Suffolk County Marathon.The races wouldn't be possible without the work of countless local volunteers, who give their time to make the marathon a memorable experience for all in attendance. Proceeds from the Suffolk County Marathon go directly toward improving services for military veterans in the Suffolk County area, so supporting the race is also a great way to say "thank you" to those who have served.

In addition to raising money for a good cause, the Suffolk County Marathon is an opportunity to find out what makes communities in the area so special. Every race will give you a chance to explore the natural scenery and historical, downtown neighborhoods of local communities from a truly unique perspective.

Enjoy Freedom Fest after the Race

The fun at the Suffolk County Marathon doesn't stop when the races end – it's just getting started! After a day of running, walking, or cheering on participants, be sure to make time to visit the Freedom Fest celebration. Freedom Fest is a fun chance to enjoy local dining, drinks, and shopping from Suffolk County's small businesses. The Greater Patchogue Chamber of Commerce arranges Freedom Fest, and it's the perfect way to relax after a busy day at the races.

Whether you're ready to lace up your running shoes or you're looking for the perfect place to call home, our team is here to help with all of your real estate needs. Contact us to buy and sell homes throughout the Suffolk County, NY area.

October
1

Long Island Landscape: Penn Station

Long Island Penn Station
As a busy, thriving metropolis, one of the most important aspects of New York City and its surrounding areas is the local metro systems. Taxis, buses, subways, and trains - NYC has them all. Our real estate agents recommend that anyone living in or interested in moving to the Long Island area be well-acquainted with the various metro services NYC has to offer. These services include the main intercity railroad station in NYC, Penn Station.

So...What is Penn Station? 

For residents and potential future residents of Long Island, Pennsylvania Station - or Penn Station, as most know it - stands as one of the critical transportation locations with which to become familiar. Penn Station represents the busiest transportation hub in the entirety of the Western Hemisphere.

With 21 railway tracks fed by seven tunnels and three concourses for travel, Penn Station is one of the go-to options for both intercity and interstate travel. There are individual concourses for Amtrak, Long Island Rail Road (often abbreviated to LIRR), and New Jersey Transit services. Penn Station also connects New York to Washington, D.C., Boston, Philadelphia, and several intermediate points.

In 2017, Penn Station opened its West End Concourse as well, allowing passengers to enter the station and board their trains using the historic James A. Farley Post Office on 8th Avenue. This is part of a larger plan, overseen by New York Governor Cuomo, to modernize and renovate Penn Station - a change that would be greatly appreciated by modern commuters.

Penn Station Tips

With more than 650,000 daily commuters flowing in and out of Penn Station, it's important to know a few things about the station. For one, the station is open 24 hours a day, seven days a week. The general consensus on the best way to reach the station is to take the closest subway or bus - avoid driving or taking a cab (but then, most NYC natives do that already!).

If you need to grab a bite to eat while you're at the station, top recommendations seem to be that the Shake Shack is the best place to grab some grub inside Penn Station. There's also The Pennsy, a thriving food hall on the corner outside the station, as well as Rose's Pizza at Penn Plaza.

Our best tip is to take the time to stop by Penn Station as soon as possible. Familiarizing yourself with the rails, you might be using may save you some time (and confusion) on down the line! Of course, Penn Station offers maps throughout its three concourses and plenty of signage to point the way. Aside from rubbing shoulders with the other commuters, you shouldn't have too many problems figuring out where you need to go when the time comes.

New York City stands as one of the largest, thriving metropolitan areas in the world - a crossroads for people from all walks of life, and the cultural, financial, and media capital of the world. For those of us drawn to the hustle and bustle of urban life, NYC stands as the best representative of city life.

Your Long Island Real Estate Professionals

If you're a homeowner or prospective buyer interested in the Long Island area, then be sure to contact us and see what we can do for you! Our professionals at Coach Realtors are always happy to help a new client meet their real estate goals!

September
10

Long Island Living: Coney Island and Luna Park

Long Island Living Coney Island and Luna Park
Living on Long Island certainly has its share of perks. Aside from its array of stylish and beautiful homes, Long Island offers a variety of activities for your entire family to enjoy. While finding the perfect Long Island home for you is our priority at Coach REALTORS®, we also want you to discover all that the area has to offer. For a fun-filled day, our REALTORS® leave your cares behind and head out to Coney Island and Luna Park where adventure awaits in this iconic amusement venue which was inspired by the original 1903 park.

Coney Island and Luna Park: A New Take on Classic Fun 

Coney Island is legendary, in part because of its history as the place to go for a day of fun, food, and thrills. With the original Luna Park being one of three amusement parks established in the early twentieth century on Coney Island, its newer namesake embodies all the excitement of years gone by with modern touches and attractions. Although the original park was devastated by fire in 1944, visitors will find that today's Luna Park and Coney Island are reminiscent of its glorious past. The Parachute Jump ride--once nearly everyone's favorite--is no longer in service, but the attraction still stands, now covered in thousands of LED lights. The new Thunderbolt coaster pays homage to the classic wooden coaster that served up thrills to park guests for decades, and visitors of all ages will delight in riding the beautifully restored B & B Carousell.

Ride, Play and Enjoy the Day

For guests who are looking for over-the-top thrills, Luna Park makes the grade with rides like the Coney Island Cyclone, Zenobio, and the Sling Shot. Feel the wind in your face as you take a ride on the Steeplechase, another of the park's classic thrill rides with ties to its past, and get your adrenaline pumping as you climb aboard the Coney Clipper. If less intense attractions are more your taste, rides like the Circus Coaster and Lynn's Trapeze are sure to please. Younger riders will love the Mermaid Parade and Speed Boat rides. At Luna Park, you'll also find plenty of midway type games that bring back the nostalgia of a summer carnival. Try your luck at one or all, and bring back a fun prize as a souvenir.

Great Food and Priceless Memories

All the excitement you'll find at Coney Island's Luna Park might cause you to work up an appetite. You'll find plenty of mouthwatering treats throughout the park from savory and satisfying to refreshingly sweet. Enjoy delicious seafood offerings at Place to Beach, and don't miss the original Feltman's of Coney Island for the ultimate hot dog experience. Cool down with a creamy scoop from Coney's Cones or indulge with a treat from Fried Delights. You'll make so many great memories when you spend the day at Luna Park, and Thunderbolt Retail captures them in photos that you can take with you. Purchase souvenirs and trinkets at the Cyclone Shop and Last Stop Coney Island to remember your day.

Coach REALTORS® - Your Long Island Real Estate Professionals

Treat yourself and your family to a day of fun that you'll long remember. Coney Island and Luna Park are sure to become a favorite destination on Long Island. Our real estate agents are ready to help you find the home of your dreams, and we're excited to work with you. Contact Coach REALTORS® to get your home search started.

August
27

6 Tips for Buying a Waterfront Home On Long Island

Buying a Waterfront Home
Buying a waterfront home in Long Island is an exciting choice, and you'll find plenty of great options throughout the island. As you start your search, it's important to consider the unique factors that go into purchasing a waterfront home and make sure that you're prepared for the process. Our real estate agents know Long Island waterfront properties, and we've got six proven tips to help you land the waterfront home of your dreams.

Waterfront 101: Learn 6 Tips for Buying a Waterfront Home on Long Island

  1. Evaluate the Entire Property
    It's important to evaluate not just the home, but the entire property. How close is the home to the water, and how is the natural scenery? Do you love the view? Is the water clean and inviting, or is it murky? Consider what is most important to you in a waterfront property, and make sure that the home meets your must-have requirements. While you can always change the home, changing the property itself can be much tougher.

  2. Make Sure the Structure Is Sound
    Of course, you'll also want to make sure that the home meets all of your needs, and that the structure is ready to withstand the potential risks of being located on the waterfront. How is the home's exposure to flooding, and what kind of shape is the structure in overall? Is the home built to withstand the wind and weather? The right waterfront home will be in great shape, and able to withstand the elements.

  3. Get Pre-Approved to Streamline Shopping
    You won't be the only one shopping for a waterfront home on Long Island, so it's a good idea to do everything you can to streamline the process and make your offer stand out. Getting pre-approved for a mortgage is a great idea when shopping for a waterfront property. Pre-approval will give you a strong idea of what you have to spend, and show sellers that you're a serious buyer.

  4. Work with an Experienced Real Estate Agent
    Since there are some extra considerations when shopping on the waterfront, it really helps to have an agent who understands the market for waterfront homes. The right agent will be able to answer your questions, help you find the right listings, and help you evaluate which properties provide the best match. An experienced agent will also be able to help you put together an offer that outshines the competition.

  5. Get to Know the Neighbors
    Getting to know the neighborhood is another key to finding the right waterfront home, and talking to your potential neighbors is a great way to get honest feedback on the community. Don't be afraid to ask around, and get the inside scoop on what the neighborhood is like throughout the year from the people who know best.

  6. Learn What You Can Do with Your Waterfront Property
    Do you want to add a dock, seawall, or other waterfront structure to the property when you buy it? Prepare early, and learn exactly what local government agencies require when making additions to the property. It's also a good idea to learn what activities are permitted on the body of water where the home is located, and make sure that you can enjoy the hobbies that attracted you to a waterfront home in the first place.

Are you ready to start shopping for Long Island homes, with the help of an experienced team that knows what it takes to find you the perfect waterfront location? Contact us to learn more about buying and selling waterfront homes on Long Island.

August
13

Sagamore Hill | President Theodore Roosevelt Oyster Bay Home in Long Island

Long Island Oyster Bay Sagamore Hill

Some people move to Oyster Bay for the quiet. Some move here to be near the seashore. And others for the history. In fact, historic homes for sale in Oyster Bay are popular.  And often disappear from the local housing market as quickly as they enter. However, one historic home sure to remain an icon in the Oyster Bay community is Sagamore Hill, the former home of Theodore Roosevelt, 26th President of the United States.

Sagamore Hill is a national treasure waiting to be explored and enjoyed. Congress established it as the Sagamore National Historic Site to preserve the house as a part of the National Park Service.  It was soon after listed on the National Register of Historic Places.

The house is a must-see for Nassau County residents and visitors and is a source of pride for the community.

Our REALTORS® are excited to tell you about the history of Sagamore Hill and Oyster Bay and can't wait to show you homes for sale in Long Island.

History Unfolds at Sagamore Hill

Oyster Bay Sagamore Hill

When you step onto the grounds of Sagamore Hill, it's easy to leave your everyday life behind as history begins to unfold around you. The home itself is the centerpiece of the estate, having been the residence of Theodore Roosevelt from 1885 until the former President's death in 1919. While he was in office, Roosevelt's "Summer White House" was the site of several peace talks and visits from foreign dignitaries.

An Inside Look at Roosevelt's Legacy

Touring Sagamore Hill gives you a glimpse into the life of Theodore Roosevelt, the acclaimed political figure and the charismatic man. One of the highlights of the tour, the North Room showcases many of Roosevelt's prized trophy heads, animal skin rugs and gifts presented to him by various heads of state. You'll also find a collection of thousands of books and a diverse assortment of art acquired by Roosevelt throughout the home. The Queen Anne style home still has original furnishings and decor in its 23 rooms and underwent a meticulous renovation a few short years ago. Guided tours of Sagamore Hill are available for a small admission fee; you'll want to stop by the visitor center and bookstore during your visit.

Explore the Grounds

Sagamore Hill Historic Site includes not only the home but 83 acres of countryside once enjoyed by the Roosevelt family. Take advantage of the property's trails and picnic areas to relax and explore the salt marsh, beach, forest and meadows with your family. Part of the National Park Service, Sagamore Hill provides a tranquil setting for the outdoor enthusiast combined with the rich history of one of our country's most celebrated leaders. You can visit the park year round from sunrise to sunset.

The Oyster Bay area of Long Island is both charming and steeped in history, and Sagamore Hill is a shining example of both. You can visit President Roosevelt's Sagamore Hills home at 12 Sagamore Hill Road in Oyster Bay, New York.

Coach Realtors is your trusted source for buying and selling Long Island real estate. You can achieve your dreams of homeownership with the help of our real estate agents. Contact us to get started.

July
3

Today's Luxury Buyers Look for These 6 Things

Luxury Home Features
Buying a luxury home is a unique process. It's different in many ways from buying an ordinary house, and our real estate agents have helped countless buyers find their luxury dream homes on Long Island. Along the way, we've discovered that these are six of the things today's luxury buyers look for the most.

  1. Ample useful space. Many buyers are looking for luxury homes with a lot of room, but it's not simply a matter of having extra square footage just for the sake of having it. All that space should be well planned-out and useful – ample closet space, large dining rooms for entertaining, extra bedrooms for guests, relatives, and helpers. It's important that every room has a purpose.

  2. Unique building materials. It's about more than size and style when it comes to luxury homes. Many of today's buyers are looking for homes that integrate rare or unusual building materials into the space. Trends are also leaning toward sustainable/renewable options, which means that reclaimed materials are especially big right now.

  3. Smart technology. Advances in smart home tech have grown by leaps and bounds in recent years, to the point that they have become virtually a requirement for many buyers. Being able to control the lights, air conditioning, and home security through your smartphone is now a major selling point.

  4. Kitchen perfection. The kitchen is almost universally regarded as the most important room in the home, and luxury homes are much more appealing if they come with a tricked-out kitchen. A massive, commercial-grade kitchen with lots of prep space and top of the line appliances is a great feature to have, and little extra touches like a wine refrigerator or walk-in pantry can make a house all the more appealing.

  5. Outdoor spaces. As homes become tighter and tighter, ample outdoor space is increasingly in demand. This is especially true with luxury homes, which often come with high-end features like outdoor cooking areas, expansive lawns and rooftop gardens. Big, adult trees are also a selling point.

  6. Location, location, location. There's simply nothing more important than location, and even the most perfect house loses a lot of its luster if it's in a bad neighborhood. Everyone has different needs when it comes to location – maybe you want a short commute, or lots of restaurants and nightlife spots nearby, access to the beach or a great view – but everybody agrees that location is crucial.

Contact us today to learn more about what to look for in a luxury home. Our team of REALTORS® is dedicated to helping you find the perfect Long Island home for you and your family.

June
22

10 Insider Secrets for Buying a Luxury Home

Long Island Luxury Living
The word "luxury" means something different to everybody. It could be an estate in the Hamptons or a loft in Manhattan. It's important to remember that luxury is subjective, but there is one constant--the process of buying a luxury home is a bit different from a typical home search. Whatever your definition of luxury may be, our luxury home REALTORS® offer these tips before buying your Long Island dream home.

  1. Understand the Search Process
    In many cases, luxury homes are unlisted. This is to protect a seller's privacy, and these properties are often found through your real estate agent's personal connections rather than typical real estate listing websites and publications.
  2. Depend on a Local Expert
    Having a great buyer's representative who is familiar with local communities is essential when it comes to buying a luxury home.  Look for a local REALTOR® with experience in luxury markets, a knowledge of the local markets, and a complete understanding of all the financial implications involved.
  3. Look Beyond the Photos
    You've heard "Don't judge a book by its cover."  When it comes to buying a home, don't judge a home by its listing photographs.  Often times, large homes don't photograph well.  Seeing a home in person is often the only way to truly appreciate it. Google Maps is also a great tool to explore the property and the surrounding area.
  4. Use a Lender With Which You Have a Relationship
    It makes the buying process much easier by working with a lender with which you already have a relationship and understands your portfolio. 
  5. Document Everything
    Financial documentation is critical for buying any house, but all the more so when buying a luxury home.  There is so much more scrutiny in the high-end real estate market today. Make sure you have proof of funds ready to submit with your offer, whether you're getting a loan or paying with cash.
  6. Don't Neglect Title Insurance
    Title insurance is important because it means that you'll be insured against any unforeseen problems, and choosing the right title company makes all the difference. Ideally, it should be a company that is local, but well-known.
  7. Hire Advisers You Can Trust
    You need someone who has experience, connections, and expertise, but above all, you need someone who is trustworthy and has your best interests in mind. Look for an agent who will make skilled and thoughtful suggestions.
  8. Consider New Construction
    If you find a luxury home that you love, remember to mind your surroundings. Find out if any construction is planned around you, and if so, how it will influence your property's value and your enjoyment of your home.
  9. Don't Skip the Inspection
    A skilled, detail-oriented inspector is important no matter what home you're planning to buy. But it's even more crucial for a luxury home. You need a professional inspector who understands all the special needs that come with a luxury home. This can potentially save you from sinking huge amounts of money into a property with unseen defects.
  10. Remember That You Can Negotiate
    Luxury homes command a particular price for various reasons--the view, the surroundings, the amenities, or any of countless individual points--but that doesn't mean the price is set in stone. Ask your REALTOR® to research comparable properties that have recently sold nearby before you make an offer.  If it turns out that the home you're considering is overpriced, don't be shy about negotiating.

Contact our real estate experts at Coach Realtors to learn more about purchasing one of Long Island's luxury properties. Our team is here to help you every step of the way!

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/18/2022. The listing information on this page last changed on 05/18/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of OneKey MLS (last updated Wed 05/18/2022 8:03:16 PM EST). Real estate listings held by brokerage firms other than Coach Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

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