Moving is a lot of work any time of the year, but it becomes especially complicated around the holidays when you're juggling activities with moving prep. Here are a few tips from our REALTORS® for making your holiday-season move as easy as possible.
If you are shopping for a new home for the holidays, contact us as soon as possible to start your search. With many beautiful Suffolk County homes for sale, you're sure to find your dream home. Even if it's too late to move in before the holidays, you can give yourself the best present this holiday season.
You've decided to buy your dream home. The real estate market is exciting with numerous options to choose from and marks the beginning of realizing your dream. However, navigating through the market and finding a home you wish to purchase can be difficult. Sometimes, the buying process takes longer than expected. Our REALTORS® have put together these five tips to help you remain positive during the buying process.
Buying a home is an exciting milestone that can attract immense pressure with so much to do. Being patient with yourself can make the entire process more bearable. Go through our Nassau County homes for sale and Suffolk County homes for sale. Contact us if you find a home matching your needs and wants.
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.
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!
If you're thinking about buying or selling on Long Island, contact us for information and prices on available properties that meet your needs.
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.
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.
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.
If the age of a home is subjective, what are the factors you should pay attention to more? Here's a breakdown.
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.
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.
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.
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.
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.
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.
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.
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.
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 sale. We encourage you to contact us to schedule a video tour of the homes you want to see in the region.
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:
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.
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.
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.
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:
When it's time to buy your next Long Island home, Coach Realtors is here to help. Contact us for personalized advice.
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.
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.
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.
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.
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.