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Yonkers, NY Real Estate News

By Phyllis Lerner call 914.438.7556, Corcoran Legends Realty
(Corcoran Legends Realty)
JUST SOLF FOR $575,000.... Make it your own! Solid 4 Bed, 3 Bath Cape w/attached 1 car garage situated on a large, flat corner lot in the quiet Bryn Mawr neighborhood of Yonkers. Attractive exterior w/stone, stucco & siding elements, newer architectural roof, gutters & windows. Short stone staircase to spacious covered front porch w/white vinyl banister. Entry foyer opens up to good size living room w/large picture window over looking front porch & yard. Wide opening to generous formal dining room w/door to eat in kitchen. Breakfast area w/ door to large raised deck w/stairs to private patio & yard w/garden shed. First floor is completed by a hallway w/coat closet, full hall bath w/tub & shower combo plus a large bedroom. Hardwood under all carpets except kitchen. Beautiful stucco ceili...
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By Phyllis Lerner call 914.438.7556, Corcoran Legends Realty
(Corcoran Legends Realty)
$559,000 - Solid 4 Bed, 3 Bath Cape w/attached 1 car garage situated on a large, flat corner lot in the quiet Bryn Mawr neighborhood of Yonkers. Attractive exterior w/stone, stucco & siding elements, newer architectural roof, gutters & windows. Short stone staircase to spacious covered front porch w/white vinyl banister. Entry foyer opens up to good size living room w/large picture window over looking front porch & yard. Wide opening to generous formal dining room w/door to eat in kitchen. Breakfast area w/ door to large raised deck w/stairs to private patio & yard w/garden shed. First floor is completed by a hallway w/coat closet, full hall bath w/tub & shower combo plus a large bedroom. Hardwood under all carpets except kitchen.
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2 Bedroom Apartment For Sale at 11 Bronx River Road, Yonkers, NY 10704.Kin Tsui presents the Apartment Tour of this 1200 square feet coop featuring 2 bedrooms, 2 bathrooms with corner balcony of East & North exposure. There is a laundry room in this co-op apartment building.There is a garage & parking lot too, but no space is available yet.It is close to public transportation and shopping. MTA bus Bx16 is at the corner of Nereid Ave & Webster Ave. Subway #2, Metro-North, Bx31, Bx34 are within walking distance.No sublet allowed, must be owner-occupied. Cat & bird is allowed, but no dog.Maintenance $768. Asking $209,000For an appointment please Text 917-923-8838 or leave a message.Kin Tsui, EMC Long Island Realtywww.KinRealEstate.com
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By Grant Schneider, Your Coach Helping You Create Successful Outcomes
(Performance Development Strategies)
The Business Council of Westchester hosts another networking evening.  This time the location will be The Alamo Draft House Cinema in Yonkers.In case you are not aware, The Alamo Draft House is a chain and the Yonkers store is a brand new member of The Business Council.  This is a cinema that is paired with food and drink.This will be a wonderful time to experience this concept.  Mix, mingle and network with current and future Business Council of Westchester members while enjoying cocktails and hors d'oeuvres.  Here are the details:Date and Time: Wednesday, February 6th  5pm to 7pmLocation:          Alamo Drafthouse Cinema                          2548 Central Park Avenue                          Yonkers, NY  10710Admission:        $40 for members   $50 for future members   If you are l...
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By Kin Tsui
(EMC Long Island Realty)
One bedroom in Sadore Lane Gardens Co-op at 1 Sadore Lane, Yonkers, NY 10710. Built in 1962. About 660 square feet. Facing East. On first floor. Laundry room, swimming pool, garage (waiting list). Close to shopping, buses. Maintenance $430 include water, heat & real estate taxes. Ask $133,000.Kin Tsui,Licensed Broker Associate,EMC Long Island RealtyText 917-923-8838
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By Rummy Dhanoa, Rummy Dhanoa Real Estate Experts
(Rummy Dhanoa Real Estate Experts )
                      Finally, you found your dream home! But it is not yet the end of the story. One significant thing (which is commonly taken for granted) in home buying is having it inspected before closing the deal. Why is it important? Generally, agents suggest that you offer contingent on a home inspection. It is an opportunity to renegotiate or create certain conditions that are beneficial to all home buyers. Don’t worry your real estate agents will guide you along the way.Here are some tips on how to choose an inspector: Qualifications – find out what’s included in your inspection and if the age or location of your home may warrant specific certifications or specialties. Sample Reports – ask for a sample inspection report so you can review how thoroughly they will be inspecting...
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By Phyllis Lerner call 914.438.7556, Corcoran Legends Realty
(Corcoran Legends Realty)
 This beautiful English Tudor Home has been nicely maintained but could use some updates to make it really shine. Beautiful hardwood floors throughout. All new paint throughout. Generous entry hall w. coat closet opens up to a generous living room, dining room and den. Large windows. Hallway with pantry leads to kitchen, full bathroom and laundry room. Side door from hallway to walk way leading to front and back yards. Dining room has door out to a balcony overlooking the backyard. Second floor boasts a landing, three bedrooms and a large, well preserved vintage hall bath. Master bedroom has door to large office overlooking front yard. Could also serve as a dressing room/walk in closet. Gorgeous hardwood floors everywhere. Staircase up to huge 3rd floor/attic with full size windows/ceil...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Yesterday, we reported that according to CoreLogic's latest Equity Report, nearly 268,000 homeowners regained equity and are no longer underwater on their mortgage in the first quarter. Homes with negative equity have decreased by 21.5% year-over-year. A study by Fannie Mae suggests that many homeowners are not aware of how their equity position has changed as their home has increased in value. For example, their study showed that 23% of Americans still believe their home is in a negative equity position when, in actuality, CoreLogic's report shows that only 8% of homes are in that position. The study also revealed that only 37% of Americans believe that they have "significant equity" (greater than 20%), when in actuality, 74% do! This means that 37% of Americans with a mortgage fail to...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
 Here is the 2nd Episode of the New York Real Estate Experts Show! In this Episode we talk about how agents and realtors should start and do their business. It is actually easier than you thought! ?#‎nyreex??#‎expertsshow? ?#‎expertadvisor? ?#‎realtor? ?#‎realestate?tweet your questions and follow us at nyexpertcloserwww.NYREEX.com   
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
We want to let you know that "rumors of a new market meltdown" are not based on any reputable data. As proof, we offer you the comments of the following experts who have a totally different view on the current housing market. Lawrence Yun, Chief Economist at NAR:"In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007." Jonathan Smoke, Chief Economist at realtor.com:"We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade."Andrea Riquier, MarketWatch housing reporter:"I'm calling the end of the housing "recovery." On to 'expansion.'" Freddie Mac:"Despite the dis...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Abraham Lincoln failed in business, had a nervous breakdown, and was defeated in eight elections. Steve Jobs was fired from his own company. Oprah Winfrey was publicly fired from her first television job as an anchor in Baltimore for getting "too emotionally invested in her stories." Steven Speilberg snuck his way into success after being rejected by the University of Southern California School of Cinematic Arts multiple times. Vera Wang failed to make the 1968 US Olympic figure-skating team. Then she became an editor at Vogue, but was passed over for the editor-in-chief position.Just as the opening quote states, “Life isn’t about waiting for the storm to pass, it’s learning to dance in the rain!” If we view these times of adversity and failure as an opportunity, it greatly changes our...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let's look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller's market. In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing: A smaller home means less space, but it also means less time, stress and money spent on upkeep. Let's assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1-1.6 million in the bank to get you through your...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Our brains work on a trigger and reward basis—the so-called “habit loop”—which means it is easy to slip into a routine and difficult to fight back when the undesired behavior occurs.Of course, life moves so much smoother when we are able to do certain things on auto-pilot, however, that has definitely had an effect on breaking your bad habits.Identifying that bad habit is a great start. Once you are aware, you can start making a plan.Here are some great tips to breaking that bad habit once and for all! Create a habit diary – remember that awareness thing we talked about? If you really want awareness, journal every time you participated in this bad habit. Chances are you will be surprised to see how bad it really is. You may understand more clearly what triggers your bad habit as well. ...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today's housing market. The study pointed out two major misconceptions that we want to address today.1. Down PaymentThe survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 36% think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less. Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.2. FICO ScoresThe survey also reported that two-thirds of the respondents believe they need a very good credit sc...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide! Other interesting findings in the report include:Interest rates have remained low and even though home prices have appreciated around the country, they haven't greatly outpaced rental appreciation.Some markets may tip in favor of renting if home prices increase at a greater rate than rents and if - as most economists expect - mortgage rates rise, due to the strengthening economy.Nationally, rates would have to rise to...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
 Last week, the inaugural "Homebuyer Insights Report" was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership. Consumer Lending Executive, D. Steve Boland, explained:"Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones."Boland went on to say:"The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ev...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Home of New York Real Estate Experts YONKERS, NY – April 6, 2016 – Mayor Mike Spano this week announced his selection of Yonkers volunteers for the third annual nationwide Mayors Day of Recognition for National Service, spotlighting the impact of national service and thanking those who serve in their communities. Mayor Spano honored nine local volunteers from the Yonkers community, specifically who donate their time to a variety of charitable organizations, sponsored by Volunteer New York. All of the awarded honorees contribute to Yonkers non-profit organizations, assisting those in the local community.“Yonkers is a city of ordinary people who do extraordinary things each and every day – those volunteers who give of themselves to their communities and contribute to making Yonkers a mor...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Some Highlights: Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home. Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings." You're paying for a house whether you own or rent, but owning gives you control over your living space.
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
Every homeowner hopes to accomplish five goals when selling their home:1.    Sell it for the best price2.    Sell it within a predetermined time3.    Sell it with the least amount of hassles4.    Close on the sale the same day they move into their new homeThe fifth reason is the most obvious and the most important:5.    They want to make sure it sells.In order to dramatically increase the chances that the house sells, a homeowner should list with a real estate professional in their market. Why? Because agents have access to the vast majority of the available buyers!! According to the National Association of Realtors’ (NAR) recently released 2016 Home Buyer and Seller Generational Trends Report, 87% of all buyers purchased their home through a real estate agent or broker. And more that 8...
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By Rummy Dhanoa, Rummy Dhanoa
(New York Real Estate Experts)
We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why these concerns are unfounded. The current increase in home values can be easily explained by the theory of supply and demand. Right now, the number of families looking to purchase a home is greater than the supply of homes on the market. Here is a chart that explains how the months’ supply of housing inventory impacts home values: According to the latest Existing Home Sales Report from the National Association of Realtors, there is currently a four-month supply of inventory. That puts us in the blue section of the above graphic. Home prices should be appreciating.The dif...
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