Tag Archives: New York

Long Island NY Real Estate – What you can get house for $329K

 

  2962 Grand Ave – Baldwin,  New York

 Charming Colonial On Corner Property On Deep          40  X 122 Lot. Heated Front Enclosed Porch Plus Rear Enclosed Porch To Backyard.

 

 

 

2962 Grand Ave

  •   Price: $329,000
  •   Monthly Real Estate Tax: $507
  •   Neighborhood: Baldwin
  •   School District: Baldwin
  •   House
  • 3 Beds | 1 Bath | 1 Half Bath
  • Approximate Square Feet: 1,430
   房源最多

 效率最高

 口碑最好

Diana Wu  黛安娜吳

Email:   diana.wu@elliman.com

I used to work with the Award Winning Sales group, The Voda Group from Prudential Douglas Elliman, and now I am co-broker with Shirley Chow. We are confident that the value of service and skill we deliver is unparalleled. We pride ourselves as specialists in Manhattan real estate sales. If you want to buy, sell or lease your home, please contact us at 516-320-0231 (cell) or 516-639-6807. We can discuss your specific Real Estate needs. Thank you!

 

 

Manhattan Rental – What you can get Luxury Rental for $5,000 in NYC

This exquisite Furnished One bedroom / One bath home has breathtaking cityscape views and sunny south exposures. Brand new state of the art appliances including Miele stove, cooktop, dishwasher and Sub Zero refrigerator , washer/dryer, Brazilian cherry wood floors, Floor to ceiling windows, Custom white lacquered cabinetry, Built in espresso & cappuccino maker, Sabbia beige marble baths with glass enclosed showers and high ceilings make this perfect apartment truly complete. Residents also enjoy free membership to The Core Club, located within the building and have access to top of the line Spa and Health Club, State-of-the-art Fitness Center, Library, Screening Room, Private Conference Room, Luxury Spa, Dry Cleaning Service, Full Service Salon and Barber Shop, Full Butler & Concierge services and gourmet dining at Tom Colicchio restaurant and bar. In addition, residents can also lounge in the beautifully landscaped outdoor terrace – All of this, in New York City’s most exciting neighborhood for shopping, dining, entertainment and culture. This prime condominium affords every amenity for luxurious living!

The price is $5,250 and it is about 528 SqFt (approx).

 

Manhattan Co-op Board – Questions and Answer

We all know when you purchase a co-op; the board has the right to “approve” or “disapprove” of any potential tenant-owners. The Board of Directors, which is elected by all of the tenant-owners of the co-op, interviews all prospective owners. They have the responsibility of protecting the interests of their fellow tenant-owners by selecting well-qualified candidates. The quality of services and the security of the building are kept at high standards. However at the same time it is also cause sellers a lot of headache.  Below is the Question and Answer provides by Jay Romano and published on July 7, 2011 and hope that helps.

Adding Term Limits to Board Members

Q Can a co-op add term limits for board members to its bylaws? Without limits, and with boards having great control over proxy voting at elections, it is virtually impossible to elect new members.

A Tracey L. Daniels, a Manhattan lawyer who represents co-ops and condominiums, said that a co-op could amend its bylaws to include term limits if such an amendment is approved by the shareholders. Amendments to the bylaws must be approved by at least a majority of the shareholders. The co-op’s governing documents often require an even greater percentage, or supermajority, which is typically two-thirds to three-quarters of the votes cast.

A Co-op Board Rejects Buyers

Q I have a co-op in Queens that I have been trying to sell since 2007. I have presented the board with a total of four buyers, and all four have been rejected, and the board will not give a reason. I have lowered my selling price again and again. And my lawyer says the board has the right to do this. What can I do?

An Eric D. Sherman, a Manhattan real estate lawyer, says that co-op boards in New York generally are not required to provide reasons for rejecting a buyer. And, unless a rejection is based upon unlawful discrimination, their decisions will not be second-guessed by a court under the “business judgment rule.” He said that in trying to determine the reason for the board’s rejections, the writer should ask the real estate agents who prepared the board applications whether they are aware of any weaknesses in the applications. The writer might also ask the managing agent for suggestions concerning the qualifications of buyers. One thing that might be making the board skittish is that the writer has been lowering the sale price. “That alone could be the basis for rejection, as boards often seek to ensure that appraised values of other apartments in their buildings are not compromised by below-market sale prices,” Mr. Sherman said. The only other option for the writer is to sue the board. Such lawsuits are difficult to win, as courts tend to give deference to board decisions.

 

NYC Rental – Rules for Roommate of Regulated Tenants

What are the rules for roommate of regulated tenants? Below is the Question and Answer provide by Jay Romano and published on July 7, 2011

Rules for Roommates of Regulated Tenants

Q I have heard that in a rent-regulated apartment a roommate can be charged only a “proportionate share” of the total rent. I have also been told that the law applies only to rent-stabilized apartments. Can you clarify this?

A “The law applies only to rent-stabilized tenants,” said Jamie Heiberger-Jacobson, a Manhattan lawyer who specializes in landlord-tenant law. “There is no such proportionate-rent rule for rent-controlled tenants.” But, Ms. Heiberger-Jacobson said, judges have long disapproved of “profiteering” by rent-regulated tenants, which is when a subtenant or roommate is charged an amount of rent that is well in excess of the total, legal rent. Current case law states that while a rent-stabilized or a rent-controlled tenant who charges a roommate a disproportionate share of the rent will not be subject to eviction by the landlord, he or she may be subject to an overcharge complaint by the roommate before the New York State Division of Housing and Community Renewal. And if the overcharge is deemed willful, the tenant could end up paying the roommate three times the amount of the overcharge.

Foreclosure – Rescue Insolvent Homeowner

Are you finding it more and more difficult to pay your monthly mortgage payments on time? Are you struggling and afraid of foreclosure? If so, FEAR NOT, because a SHORT SALE, while not the most desirable, is much more desirable than a foreclosure.

Regrettably, foreclosures often occur due to unexpected events, such as a job loss or serious illness. And if the worst does occur, foreclosures are extremely damaging. Not only does the lender take your home away from you, but the lender has the option to place a judgment lien against you for the debt owed plus costs for the foreclosure auction. Your credit report will take a disastrous hit too. Those foreclosed on will take a hit of 200 to 300 points, depending on the overall condition of credit. This means that a FICO score before foreclosure of 680 could suddenly dip as low as 380. And to top it all off, buyers who want to buy another home after foreclosure will end up waiting at less 10 years before a lender will make a reasonable mortgage offer.

On the other hand, a short sale can save you from the worst of the worst. While a short sale will also adversely affect your credit score, perhaps even lowering it as much as 200 points depending on your credit condition and mortgage payment history, the effect of a short sale on a credit score can be overcome relatively quickly, especially if you keep a few credit cards and keep them current. On average, the short sale only remains on a credit report for up to 7 years. The owner must also keep in mind that they may be subject to a deficiency judgment for the difference between the loan amount and the amount paid. In general, a trustee’s sale wipes out the right to a deficiency; however, the lender does have sole discretion on whether to pursue a deficiency judgment. Probably the biggest advantage of a short sale is that the wait-time before buying another home is much shorter than those who foreclose. In fact, Fannie Mae guidelines allow short sale sellers to immediately apply for a new mortgage if the seller had kept payments current and had no 60-day late pays or greater on record.

Short sales are popular for the number of advantages it has over foreclosures. The biggest challenge you may face is getting your lender to agree to a short sale, though lenders have been more eager to agree as of late. The best solution will be to pursue a short sale as soon as you realize you are falling behind in payments and won’t be able to catch up – the greater the amount you have in arrears, the less likely the lender will agree to a short sale.

To start the short sale process, the owner needs to present: a hardship letter, 2 years of tax returns, 2 year of W-2’s, a financial worksheet, a signed authorization from lender, 2 recent bank statements, 2 recent pay stubs, and a list agreement with a real estate agent.

Because short sale laws and regulations differ from state to state and the benefits of a short sale will depend on your individual situation, it is very important to consult qualified professionals before making a decision. An experienced short sales agent with access to an experienced attorney who will negotiate for you with your lender is important and advised. For past three years I have processed short sales, bank-owned properties and foreclosed properties in Florida. With my success, I have obtained the trust and satisfaction of many customers, prompting them to become loyal repeat customers and reward me with referrals. I hope to do the same with you.

If you are interesting to have a FREE consultation, if you have any question about sell real estate in Manhattan, contact me directly Diana Wu at 516-320-0231 (cell) or email me at diana.wu@elliman.com, I work for The Voda Group, the AWARD-WINNER group from Prudential Douglas Elliman.

To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

Other useful topical:
New York Homeowners: Sale your home at TOP Dollar
Tips for Staged the home Appeal to the Buyer

Why need pre-approval before search house

Why you need to do pre-approval before you search the property. Below are several reasons:

-Do not wasting your time
-You will know how much money that you will be eligible to borrow
-You will know what price range you can afford
-You will action quickly, when you find the home you love
Seller will be more likely to accept an offer from a pre-qualified buyer.
-If you see some errors on your credit report, you can resolve them right away

Manhattan Real Estate Market is very unique. The entire purchase process is different than anywhere else in the world. If you are interesting to have a FREE consultation, if you have any question about sell real estate in Manhattan, contact me directly Diana Wu at 516-320-0231 (cell) or emial me at diana.wu@elliman.com, I work for The Voda Group, the  AWARD-WINNER group from Prudential Douglas Elliman.

To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

Other useful topical:
What You Can Get For Your Money – The Neighborhoods of Manhattan
5 Tips for Purchasing Real Estate in Manhattan
Manhattan Real Estate Glossary – Types of Rooms
Renting vs. Owning
New York, Manhattan Neighborhood – some mistakes the 1st time buyers will make
Manhattan Renters — Tips for Reinforce Credit Score to Buy your Dream Home

Manhattan Buyers Must Know – Who manages the building

Why who manages the building is also important thing to know when you purchase an apartment in Manhattan? So let’s see what dose a building manager usually job is.

Building manager can maintaining the property’s value and residents’ quality of life. And a good manager could establish a successful partnership between the manager, residents and owners. The building manager must maintain close communication with the owners.

A manager performs an important function in the building. The manager has to pay all the bills, respond complains and manage repairs. The manager has to provide fully information including what happen in the building and its financial statement with owners by regular meeting. The manager has to show income and expenses from previous months and annual budget. Prepare or advise owners upon the following year’s annual budget based upon the annual financial report that they have. The manager may need to keep copies of receipts, bank statement and canceled check if there is any question arising.

You also have to find out what happen if you need a repair service inside your apartment, and how fast you would get the service? Who is going to repair or maintain the building, by maintenance workers or hiring outside contractors? Dose the manager must have the owners’ approval before hiring the contractor?  

Depend on what we know; the manager plays the very important rule of the building. Some small company, or with super live-in the building may more organized than big company. They are usually very sufficient and friendly to the residents of the building. However the big manage company have the resources, training, and experience to solve all the problems. Therefore, when you are going to purchase a apartment, walk around the building to see how the building is maintained. Ask your broker or someone live in the building about their experiences with the company’s reputation will be excellent helpful information.  

Manhattan Real Estate Market is very unique. The entire purchase process is different than anywhere else in the world. If you are interesting to have a FREE consultation, if you have any question about sell real estate in Manhattan, contact me directly Diana Wu at 516-320-0231 (cell) or email me at diana.wu@elliman.com, I work for The Voda Group, the  AWARD-WINNER group from Prudential Douglas Elliman.

To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

Other useful topical:

Manhattan Renters — Tips for Reinforce Credit Score to Buy your Dream Home

Real estate is a long-term investment opportunity. To purchase investment real estate, that will secure your financial goals for the long term. Here are 3 major things you need to prepare before you start to search your next dream home.

1) You need to get your credit report from Experian, Equifax and Trans Union. If there are any errors on your credit report, either you follow the instruction on the report to fix it by yourself, or heir some credit report agent to fix it for you. Improve your credit or fix your credit in order to get loan interest rate as low as possible.

2) Pay your bill on time. You need to pay your entire bill on time, including credit card bill, rental bill, utility bill, etc, in order to build up your good credit score and to show the mortgage bank agent that you are a very reliable person.

3) Don’t close your credit card account. Closing your credit card account will low your credit score. Use your credit card as often as possible, but try not to leave too much debt. Too much debt also will low your credit score. Also the bank will not loan the money to you if your debt over certain percentage of your annual income.

Hope those tips will be useful for you. If you think you may not ready to buy your dream home now, hopefully one day you will think to purchase a home. So why don’t you start to build your credit score now.

Manhattan Real Estate Market is very unique. The entire purchase process is different than anywhere else in the world. If you are interesting to have a FREE consultation, if you have any question about sell real estate in Manhattan, contact me directly Diana Wu at 516-320-0231 (cell) or email me at diana.wu@elliman.com, I have the privilege and pleasure to work with The Voda Group at Prudential Douglas Elliman. The Voda Group has been the top, award winning sales team at Prudential Douglas Elliman since 2003. Our team’s hard working will help your real estate goal extremely successful.

To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

Reaching out to others in the real estate community and sharing ideas is the goal of this blog, so please do not hesitate to reach out to me. All comments are welcome. Also, please feel free to email me at anytime at dianawu883@gmail.com

Other useful topical:
• What You Can Get For Your Money – The Neighborhoods of Manhattan
• 5 Tips for Purchasing Real Estate in Manhattan
• Manhattan Real Estate Glossary – Types of Rooms
• Renting vs. Owning
• Manhattan Real Estate – Now is the Best Time to Buy
• New York Homeowners: Sale your home at TOP Dollar
– Tips for Staged the home Appeal to the Buyer

• BUY Manhattan Apartment – perfect wedding gift
• New York, Manhattan Neighborhood – some mistakes the 1st time buyers will make

BUY Manhattan Apartment – perfect wedding gift?

Mediterranean Living Rooms - Kim Smart

Mediterranean Living Rooms - Kim Smart

There was a news by Carla Wilson said: “VICTORIA – Wedding registries are stretching their scope by offering well-wishers the chance to contribute to everything from a down payment on a home and a honeymoon to charities. So far, about 250 couples from Manhattan to Victoria have registered for a down payment.”
Is this a new idea? Actually, it is a good idea. Especially for 1st time buyers, if you can afford the mortgage costs, and down payment. Do it! Renting offers you NO equity, NO tax benefit, and NO protection against rent increases. Consequently, you are helping to pay the other person’s mortgage. You just help other people to pay their mortgage. Also the rental is not cheap in Manhattan.
Real estate is a long-term investment opportunity. Especial in this shifting real estate market, you may be able to purchase investment real estate that will secure your financial goals for the long term.
In New York City neighborhood, most of apartments are co-op. Co-op is more affordable than Condo. There are 85% of the building are co-op. It is the most comers buying or 1st time buyers’ option in New York City today. Co-op is buildings owned by corporations with the residents as shareholders. To purchase a co-op, the purchaser will receive a proprietary lease on an individual unit and the right to use the common areas. The benefit to purchase the co-op is lower initial purchase; control your own living space. The disadvantage to purchase the co-op is stringent co-op board and restrictions on the sublease.
One thing is for sure, the market is firming at Manhattan, NY area. And dream is on the upswing. When the housing prices go back up, you can sell it for a good price.
We are highly experienced brokers and work day-in and day-out every day, primarily in Manhattan neighborhood. We have the experience and resources to assist with what may very well be the most important transaction you make in your lifetime. If you aren’t sure of the purchase the real estate in Manhattan (New York City), please contact me directly Diana Wu at 516-320-0231 (cell) or email me at diana.wu@elliman.com, I work for The Voda Group, the  AWARD-WINNER group from Prudential Douglas Elliman.

To learn more about our custom-designed marketing plans, visit my website at:  http://www.elliman.com/real-estate-agent/diana-wu/4623 to receive a complimentary valuation of your home, or to discuss any real estate related topics, please contact us today.

Reaching out to others in the real estate community and sharing ideas is the goal of this blog, so please do not hesitate to reach out to me. All comments are welcome. Also, please feel free to email me at anytime at diana.wu@elliman.com

Other useful topical:
What You Can Get For Your Money – The Neighborhoods of Manhattan
5 Tips for Purchasing Real Estate in Manhattan
Manhattan Real Estate Glossary – Types of Rooms
Renting vs. Owning
Manhattan Real Estate – Now is the Best Time to Buyer
New York Homeowners: Sale your home at TOP Dollar – Tips for Staged the home Appeal to the Buyer

New York Homeowners: Sale your home at TOP Dollar – Tips for Staged the home Appeal to the Buyer

Eclectic Living Rooms - Erinn Valencich

Eclectic Living Rooms - Erinn Valencich

– Tips for Staged the home Appeal to the Buyer

Southwestern Living Rooms - Amy Bubier

Southwestern Living Rooms - Amy Bubier

In Manhattan, even a multimillion home may sell for a price devastatingly below its true value if not staged correctly. What is staging? Staging is the process of de-cluttering and de-personalizing your home. Most apartments in Manhattan have a small living space. If you want buyers to see the home’s potential. You have to let the Buyers to fall in love with the space and to imagine themselves in that space. So you have to de-cluttering to make room bigger in order to let buyers image their own furniture and stuff fit in your home. There are so many apartments for sale in New York City neighborhood. Therefore staging your home right is very important. The goal of staging is to enhance the value of your property and make a fast sale with top dollar.

Normally, in New York City, staging can add 10% to 15% to the selling price. Follow these simple steps, and you are sure to get a higher return!
1. Consider changing the color in your homes to a warm, neutral color. Paint is cheap and can immediately enhance a room (whether by making the space seem larger, draw attention to some of the home’s unique architecture details, or otherwise). Remember, if your apartment is small, please use cool neural color instead the warm. Because the warm color will make a room looks smaller.
2. Take care of minor repairs. Nothing turns a buyer off more than a tear in the wallpaper or cabinets missing handles as this may lead the buyer to think that the house has been left to neglect. Remember today most buyers don’t wants to deal the wallpaper. It is out of fashion and very difficult to change. It will turn the some buyers off instantly. So please fix the wallpaper problem before sale if you want to sale at very short time. ,

Modern Living Rooms - Andreas Charalambous

Modern Living Rooms - Andreas Charalambous

3. Put personal belongings away. This includes putting away personal photos, trophies, awards, and memoirs. While your nieces and nephews may be the cutest little things, buyers may not care as much. Sometimes personal items can only serve to distract a buyer from the house’s features and you do not want that. You want the buyer to remember the house, not your personal touches.
4. Clean! This is related to #3. Cleaning is VERY important and the simplest thing you can do to quickly enhance a room’s features. No buyer likes to see dusty table tops.
5. Rearrange furniture. Try to move 50% off your furniture away (storage or into your new home) to make the room open, less crowded, and seem bigger. Again, most of apartments in Manhattan area are small. Be careful not to let a big TV or sofa block the outside view or the entrance. You want the room to feel airy and welcoming with plenty of space to move around. In the bedroom, it is a good idea to have only 2 nightstands and bed if the space is not exceptionally large. If you have a fireplace in prewar building, consider placing a sofa in front of it, surrounded by 1 or 2 chairs and maybe 1 coffee table for a clean and contemporary look.

Asian Living Rooms - Elizabeth P. Clarke

Asian Living Rooms - Elizabeth P. Clarke

6. If you have a house or townhouse in NYC, don’t forget the outside. It is crucial that you have street appeal. This is what draws buyers into the home in the first place. Make sure shrubs are trimmed and that the porch is freshly painted. Some fresh flowers won’t hurt either.
7. Details, details, details. Final touches can put a room, or even house, together for a cohesive, warm feel. Make sure to show off all the living spaces. Consider placing some fresh flowers on the tables. Open curtains to let natural light stream in past the window and brighten up a room. Remember, smells are very important too, especially if you have a pet. Taking the pet out and using some lemon or other fragrance before buyers visit the home can make the difference between a “must-have” home and a turn-off. If the house is dated, new floor or new countertops will help to make a high-end sale.

Contemporary Living Rooms - Andreas Charalambous

Contemporary Living Rooms - Andreas Charalambous

One last thing to remember: design the home for buyers, not for you. You must always think in the buyers’ shoes. With this approach, your house will sell at top dollar in half the time.
If you don’t want to hire a professional stager, visit a model room, designers portfolio or watch HGTV for ideas. Simple things can easily add top dollar to your home’s price. Another option is to discuss staging with your listing agent. He or she may be able find professionals in the area to work for you. As always, please feel free to contact me at 516-320-0231 (Diana). As graduate from FIT (Fashion Institute of Technology), I know-how, combined with my keen eye for design and effective staging tips, optimize appeal, my sharp negotiating for any property I market and lists. With my success, I have obtained the trust and satisfaction of many customers, prompting them to become loyal repeat customers and reward me with referrals. I will do the same with you. View my profile and other properties and contract signed listings at: http://www.elliman.com/real-estate-agent/diana-wu/4623. We pride ourselves as specialists in condominium and co-op sales inManhattan. To receive a  free analysis of your property, and discuss our marketing strategy, so please contact me at your convenience at (516) 320-0231 or email me at diana.wu@elliman.com. I have the privilege and pleasure to work with The Voda Group at Prudential Douglas Elliman. The Voda Group has been the top, award winning sales team at Prudential Douglas Elliman since 2003. Our team’s hard working will help your real estate goal extremely successful.

Other useful topical:
What You Can Get For Your Money – The Neighborhoods of Manhattan
5 Tips for Purchasing Real Estate in Manhattan
Manhattan Real Estate Glossary – Types of Rooms
Renting vs. Owning
Manhattan Real Estate – New is the Best Time to BUY