ORANGE COUNTY REAL ESTATE MARKET REPORT 3RD QUARTER | 2011 The Orange County residential market continued to stabilize as a traditional buyer’s market in the 2011 third quarter, with a welcome return of normal cyclical seasonality in both sales and prices. Sales were up 3.6% from last year’s thir
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12/03/2011
ROCKLAND COUNTY REAL ESTATE MARKET REPORT The Rockland County residential market finally found its footing in the third quarter of 2011. Transactions were up 7.4% from last year, a healthy increase from the depressed market in the third quarter of 2011 that followed the surge of activity inspir
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12/03/2011
CNNMoney: Fannie/Freddie foreclosure freeze For homeowners with loans through Fannie Mae and Freddie Mac the moratorium will run from Dec. 19 to Jan. 2. During this time, legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their homes, Fannie
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12/03/2011
RATES There was a slight decrease in the 15- and 30-year fixed rates this week. The best value for qualified buyers is still the FHA mortgage. A loan amount of $300,000 equates to a monthly payment of about $1,410! Contact one of our Rand Mortgage Consultants if you would like a breakdown of a sp
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12/03/2011
News $2,000 first-time homebuyer grants available 11/29/2011 The New York State Association of REALTORS Housing Opportunities Foundation is once again offering $2,000 grants to first-time homebuyers for closing costs and/or down payment assistance. The Housing Opportunities Foundation has en
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11/29/2011
The art of the deal It’s your REALTOR’S® knowledge and experience in the local market that can take the numbers and put them with other market conditions. She or he will help you read the market, and help you choose the right price, based on current trends analysis and news. Her experience with c
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11/26/2011
The appraisal An appraisal is a market analysis performed by a professional appraiser using a variety of sources, including MLS data and conforming loan formulas. Appraisers most often work for lenders to determine market values, so that lenders can weigh the risk of making a loan to a home buyer
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11/26/2011
Your home is probably the biggest purchase your family will ever make, and it involves many decisions that go beyond simply choosing the one you like.. As a Better Homes and Gardens Rand Realty, Hudson Valley area REALTOR®, My experience and expertise can help make your home buying a less stressf
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11/26/2011
1. Get pre-approved Before writing an offer – and ideally before you even begin your search – meet with your bank or other financial advisor; the one who will be giving you your mortgage, and get pre-qualified or pre-approved. When it’s time to put forth an offer, the seller will know it’s seriou
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11/26/2011
First, you need to prequalify for the loan with your financial institution. This involves answering a few simple questions, which in turn begins the application process. The type of home, approximate cost of the home, how much you'll want to borrow, the type of loan, and personal identification i
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11/26/2011