March 7, 2013
“What are the property taxes,” asks the diligent buyer. This is a common question and worth getting answered before making an offer. Usually if the house is listed properly the listing agent will provide the tax amounts. As is the case with any information provided by the opposing side, trust but verify. It’s common to [...]
Posted in Albany, Buying, General, Market, Mortgage, Saratoga
March 10, 2012
I’ve just added a new page to the website detailing the Choose Albany program available to homebuyers in the City of Albany. To learn more about the Choose Albany program, click here for the guidelines and application. According to the City: If you are interested in purchasing a home for sale in Albany, NY, you may be eligible [...]
Posted in Albany, Buying, General, Mortgage | Tagged Choose Albany
February 11, 2012
This is a fascinating chart from the Wall Street Journal. We’ve known for awhile the Albany NY real estate market has been relatively insulated from the home foreclosure crisis. New York’s foreclosure rate is roughly 10% of the current homes for sale. By comparison, one of the worst states is Nevada – 50% of all homes for sale are [...]
Posted in Albany, General, Market, Mortgage, Saratoga
January 1, 2012
As we are in the post housing-market-crash era, banks have taken a greater interest in reviewing mortgage applications. Motivated in part to ferret out fraud, banks are looking closer at applications to avoid lending to unqualified buyers. According to the New York Times, banks’ new efforts have lead to a 40% reduction in fraudulent mortgage [...]
Posted in Buying, General, Mortgage | Tagged Application, Home Buying, Mortage