Real Estate Guide 6.29.13

Supplement to the Original Valley Pennysaver and the DollarSaver

Produced by Lee Publications • 6113 St. Hwy. 5 • Palatine Bridge, NY 13428 • 518-673-3237 • 800-218-5586 • www.leepub.com Virginia M. Mackey • Certified GRI - CRS Residential Licensed Real Estate Broker Appraiser 725-3348 • 40 Years Experience • Fulton County & Capital District MLS

Eugene D. Reppenhagen 725-3348 Markie King 774-2717 Karen R. Bischoffberger 727-6484 Salvina Michel 773-3298

773-3298 FAX: (518) 725-8615 (518)

www.vmackey.ihouse2000.com vmackeyrealestate@albany.twcbc.com

226 E Fulton St., Gloversville, NY 12078

Fulton County NY Properties Located in the Foothills of the Adirondack Mountains

MLS 2013156

ORIGINAL COLONIAL (Gloversville): 5.4 acres with a view, just outside of town. 4 bedrooms, 2.5 baths, sun porch, deck, 2-car garage, barn and more. Must see! . . . . . . . . . . . . . . . . . . .$289,000

MLS 2013371

GREAT COTTAGE ON 10 ACRES (Stratford): Near Stewart Landing dam for water access to lakes. 2 or 3 bedrooms, 1 full bath. Full basement, new windows, 2-car garage. . . . . . . . . . . . . . . . . .$100,000

MLS 2013080

ONE-FLOOR LIVING (Gloversville): 2 bedrooms, 1 full bath, family room w/woodstove. Another bedroom, 3/4 bath and den in basement. Patio, fenced yard. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$80,000

MLS 222508

HISTORIC ORIGINAL COLONIAL (Gloversville): Just outside of town on 3.9 acres. 4 bedrooms, 2 full baths, new kitchen overlooking yard. Deck, large barn. . . . . . . . . . . . . . . . .REDUCED TO $210,000

MLS 222835

LAKE FRONT ON EAST CAROGA LAKE - Enjoy the view from the large picture window in this 2 bedroom cottage. Living room & eat-in kitchen. Partial bath. New deck. Storage building. . . . . . . . . . . . . . . . . . .$215,000

MLS 222115

UNIQUE BEAUTY (Gloversville): Avenue home on lovely double lot. 4 bedrooms, 2.5 baths, newly renovated kitchen. Hardwood floors, natural woodwork.

2-car garage. . . . . . . . . . . . . . . . . . . . . . .$145,000

COUNTRY LIVING IN THE CITY (Gloversville): 4 bedrooms, 1.5 baths, lots of living area. Deep lot with apple trees, berries, flowers. Deck, 2-car garage, workshop. . . . . . . . . . . . . . . . . . . .$98,000

MLS 2013012

STARTER HOME (Gloversville): Cute 2 bedroom bungalow w/1 full bath. Large rear deck overlooking deep yard, detached 1-car garage. Very economical to heat! . . . . . . . . . . . . . . . . . . . . . . . . .$76,000

JOCKEYVILLE MOBILE HOME PARK - Lovely two bedroom 14' x 70' mobile home with large enclosed porch. Open living room and kitchen. 1 bath. 1990 Pineview . . . . . . . . . . . . . . . . . . . . . . . . . . .$25,000

MONROE ST. - This 4 bedroom, 1 bath home is ready to make your own. LR, DR, Den and kitchen.

Lovely landscaped back yard, enclosed front porch.

Garage. . . . . . . . . . . . . . .ASKING ONLY $59,900

MORE GLOVERSVILLE MULTI-FAMILY DWELLINGS

MLS 222083

GRAND OLD COLONIAL (Gloversville): 4 bedrooms, 1.5 baths, hardwood floors and natural woodwork, 2 corner fireplaces. Detached 2-car garage. . . . . . . . . . . . . . . . . .REDUCED TO $79,900

MLS 222774

MOVE-IN CONDITION (Gloversville): Large fenced backyard, vinyl siding, replacement windows, freshly painted interior. 3 bedrooms, 1.5 baths, newer kitchen.. . . . . . . . . . . . . . . . . .$71,000

MLS 2013064

INVESTMENT PROPERTY (Gloversville): Older home on narrow lot w/shared drive. Large rooms, 3 bedrooms, 1.5 baths. Currently rented for $800/month plus utilities. . . . . . . . . . . . . . . .$39,900

MLS 2013347

MLS 220684

2-family, close to schools, "as is" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$49,900 2-family, separate utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$65,000 Large 2-family, 9 bedrooms, 2.5 baths . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$69,900 2-family w/many updates . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$69,000 2-family "short sale" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $69,000 2-family, Johnstown, separate utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$65,000 4-family, Gloversville, separate utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$70,000 3-family, Gloversville, separate utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$59,900 2-family, Gloversville, separate utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$29,900 3-bedroom, 2.5-bath Colonial w/separate 2-family in rear (MLS 220357) . . . . . . . . .$90,000

MLS 2013127

WANT A SWIMMING POOL? (Gloversville): Wellmaintained home on quiet street. Beautifully landscaped, fenced backyard, pool and patio. 3 or 4 bedrooms, 1.5 baths. . . . . . . . . . . . . . . . . . . . .$109,000

MLS 2013222

MLS 215985

LAKE FRONT EAST STONER LAKE - This cottage not only has 150' on the lake but 7.3 acres. Small 2 BR cottage with open living space. Shallow lake frontage.

Wooded private site. . . . . . . . . . . . . . . . . . . .$175,000

NICE FAMILY HOME (Gloversville): Well-maintained home in a quiet neighborhood. 3 bedrooms, 1 full bath, newer appliances in kitchen, family room. 2-car garage. . . . . . . . . . . . . . . . . .$79,500

MLS 2013155

COMFORTABLE FAMILY HOME (Gloversville): Many updates. 3 bedrooms, 1.5 baths. Small fenced backyard, 1-car garage. Close to downtown & elementary school. . . . . . . . . . . .REDUCED TO $26,900

MLS 2013175

MLS 2013337

BEAUTIFUL RANCH (Gloversville): Great room w/center fireplace, large windows overlooking deck and pool. 3 bedrooms, 2 full baths. End of road, near woods. . . . . . . . . . . . . . . . . . . . . . . .$190,000

RENOVATED TWO-FAMILY (Gloversville): Many extras, updates. 2 bedrooms, 2 full baths down; 2 bedrooms, 1 full bath up. Circular drive, 4-car garage w/workshop. . . . . . . . . . . . . . . . . .$145,000

MLS 2013339

VERY LARGE TWO-FAMILY (Gloversville): Down has gas fireplace in living room, 2 bedrooms, 2 full baths, office. Up has 5 bedrooms, 1 full bath. 3-car garage. . . . . . . . . . . . . . . . . . . . . . . . . . . .$108,000

COMMERCIAL PROPERTIES

LAND

OFFICE RENTALS (Downtown Gloversville): 2 first-floor offices w/lots of parking, heat and air conditioning included . . . . . . . . . . Call for details

Gloversville: City building lot . . . .$5,000 2 adjacent city lots . . . .$19,900

BEAUTY PARLOR W/1-BEDROOM APT (Gloversville): Completely renovated building w/many unique features. 1-car garage plus off-street parking (MLS 222039). . . . . . . . . . . . . . . . . . . . . .MAKE OFFERS $99,900

Town of Mayfield: 2.14 acres . . .$15,000 2.7 acres . . . . . . . . . . . .$27,000 3.7 acres . . . . . . . . . . . .$35,000

Page 1 • REAL ESTATE GUIDE • June 29, 2013

R E A L E S TAT E G U I D E

June 29, 2013 • REAL ESTATE GUIDE • Page 2

Who is responsible for repairs during a home sale?

Many questions arise during the home-buying process. Buyers looking at homes that require a good deal of TLC may wonder who is responsible for the home’s repairs, particularly if such repairs are needed to secure a certificate of occupancy.

Depending on the situation, there is no clear-cut answer.

There is no perfect home, and things that are acceptable to the current owner may not be acceptable to the buyer who is looking to become the next owner. The home-buying process is typically a careful cooperation between buyer and seller to find a middle ground. The buyer may have to make some concessions, as will the seller. Ultimately, it is this cooperation that often determines if the sale goes through or is terminated.

Before any negotiations can begin regarding repairs, it is adviseable for a buyer to have an independent inspector come out and look over the home and property. Most real estate agents will suggest this be done as a first priority — even before a contract is entered on the home. An inspection will unveil any potential problems in a home and indicate things that the buyer may not be aware of, including items that do not meet with code or could be unsafe. An inspector also may point out problems that could cause a mortgage lender to give pause.

This may mean the lender will deem problems unsafe and refuse to fund the mortgage until repairs are made.

MOHAWK Towne & Country Realty SUZANNE LEAVITT Licensed Real Estate Broker 5696 St. Hwy. 5, Palatine Bridge, NY 13428

518-673-5482

Fax 518-673-5816 Cell 518-332-5887

website: www.mohawk-valley.com

Home buyers may be able to negotiate that sellers repair major structural issues, such as a leaky roof. If not, negotiate a lower sale price.

A copy of this inspection report should be sent to the home seller to review with his or her attorney and real estate agent.

The buyer working with his own real estate attorney and agent can petition for certain repairs to be made. Many sellers will make such repairs to ensure the purchase goes through, or they will accept a lower purchase price to compensate for the needed repairs, which the buyer will then make. Buyers might want to hire a good real estate attorney to write clauses into the contract to protect their interests. This allows the buyer to forfeit the sale and walk away from the contract should an issue arise.

Buyers should know that, for a home that is not in foreclosure, there are some repairs that should ultimately be the responsibility of the seller. If these repairs are not made, a buyer should think strongly about walking away from the deal, according to Why6Percent.com, a real estate marketing site.

Such repairs include: • lender-required repairs that could impact home safety • leaky pipes • water penetration issues, including a bad roof

Local Guide to the Adirondacks

Energy Expertise Experience 518-725-ADKS (2357)

www.ADKSrealty.com MaryEllen Charles, NYS Licensed RE Broker/Owner 101 Washington Square, Caroga Lake, NY 12032

The rules often change when buying a home that is a short sale or in foreclosure. A home that is in distress is typically in this situation because the current owners cannot afford to pay their mortgage, and thusly, are not able to afford repairs. According to Think Glink, a money-management Web site, buyers may try to negotiate repairs with the seller, but they shouldn’t assume that sellers (or lenders in the event of a bank-owned home) are responsible for the repairs. Generally speaking, most short sales and foreclosures are sold “as is” and may even specify that repairs and requirements for the certificate of occupancy are the buyer’s responsibility. A buyer also can ask to have the home price reduced to cover the repairs. But foreclosures are often already deeply discounted.

• unsafe decking or handrails • wet basements or crawl spaces • insecure foundations or obvious structural damage • poorly functioning sewer lines or septic system It is always adviseable for buyers to speak with a reliable real estate attorney and a trusted real estate agent to guide them through the process of buying a home. These people can help buyers navigate the important decisions that can affect the home they’ll be living in for the next several years.

Page 3 • REAL ESTATE GUIDE • June 29, 2013

June 29, 2013 • REAL ESTATE GUIDE • Page 4

Closing costs and points explained One of the great mysteries of home buying, at least to those who have never been through the process, is closing costs.

While nearly everyone has heard of them, few who haven’t had to pay them really understand them. Even some people who have paid them aren’t sure what they spent all that money on.

Closing costs are the various fees that a homebuyer must pay before the mortgage lender will finalize the mortgage. Generally speaking, these costs are about 3 to 6 percent of the amount borrowed. That is in addition to your down payment. Following are some of the components of your total closing costs. The

lender will charge an application fee to cover the costs of completing your mortgage application. This may or may not include the fee for your credit report. They will also charge a loan origination fee, also known as points. This covers the administrative costs of processing your mortgage. One point is equal to 1 percent of the total amount loaned.

Many lenders offer the option to purchase without points, but keep in mind that this will result in a higher interest rate. There are also lenders who will let you pay additional points to lower the interest on your loan.

Title insurance will be required by your lender. This protects you and the mortgage company in case the seller does not have the legal right to sell it. There could be unknown co-owners of the property, or it could have an unpaid lien against it that would prevent the seller from legally selling it.

Taxes associated with the transfer are usually the buyer’s responsibility, unless other arrangements are agreed upon. You may also have to pay for a survey of the property. You will likely be required to pay the interest accrued between the time your mortgage was originated and the due date of your first payment. Attorney and notary fees may also be a part of your closing costs.

Closing costs are comprised of all of the expenses that must be paid before the purchase of your new home is finalized. Points are a fee charged by your lender that may be somewhat flexible and directly affect your interest rate. Knowing what these terms mean and what fees they consist of can help you be more prepared for them when the time comes.

Source: Sir William Johnson Realty

An appraisal is also required by lenders. This is to ensure that the home is worth the amount loaned to you to purchase it. A home inspection is not usually required, but it’s a good idea to have one. The cost of the inspection could also be considered part of closing costs.

Homeowners insurance is a standard requirement of mortgage lenders. They will require proof of it and may require you to pay the first year’s premium before closing. Private mortgage insurance may also be required depending on the amount of your down payment, and part of the fee will be included in your closing costs.

Junell Gray ~ Licensed Real Estate Salesperson “ Because Your” Keller Williams Realty Capital District Move Matters 935 New Loudon Road, Latham, NY 12110 CELL/TEXT (518) 588-5141 • Office (518) 724-5864 www.JunellGray.com • www.UpstateNYRuralHomes.com I am a lifetime resident of Montgomery County and serve clients in Montgomery, Fulton, Saratoga, Schenectady, Albany & Schoharie Counties. I have 15 years experience in real estate. If you are looking to buy a home or sell a home please contact me to discuss your wants and needs. I would love the opportunity to assist you. I am also a member of the Greater Capital District MLS & Fulton County Board MLS.

LISTED AT $119,500, FT. HUNTER, NY

NEW TO THE MARKET!

NEW TO THE MARKET!

$37,000.00 in Town of Ephratah

1 ACRE LOT, Town of Ephratah $20,000.00

FONDA-FULTONVILLE SCHOOL DISTRICT

Looking for a place to build a home or to just call your own? Enjoy this private 1 acre lot with an existing 24 x 48 outbuilding with electric, driveway & septic system. Close to Johnstown, St. Johnsville or Fonda. Owner will consider holding a private note and mortgage for a sale. Call (518) 588-5141.

This house is in move-in condition and priced to sell. Attractive, well maintained, cozy 3 bedroom, 1.5 bath home, located on a quiet side street, landscaped yard, deck, above-ground pool, paved driveway and more. You could be celebrating July 4th with your family and friends here, Call Today!

Nice quiet country setting, 1 acre lot with a Champion mobile home in good condition & a 24 x 24 garage. Garage includes a built in vehicle lift, furnace & cement floor. Home includes furnishing if desired, washer, refrigerator & stainless steel stove. Option to buy the adjoining 1 acre lot. WE HAVE FINANCING FOR QUALIFIED BUYERS.

JUST LISTED IN FONDA!

A LOT OF HOUSE FOR THE $$$

SELLER IS TAKING OFFERS!

SELLER SAYS TO MAKE AN OFFER TODAY!

PRICED AT $45,000.00 254 Kingsboro Avenue, Gloversville, NY Sellers have moved and need to sell this NOW! This is a 3 bedroom, 1 bath home home located across from a Veterans Park in Gloversville. Low taxes, freshly painted inside, original hard wood floors & just needs a buyer to make it a home now.

181 Lakeside Drive, Mayfield, NY Private Dock on Sacandaga Lake Enjoy this well maintained, charming 1,536

MORE ROOM HERE THIS HOME IS A STEAL sq. ft. Lake Front Home immediately with a spacious 34 x 24 garage, shed, screened THAN MEETS THE EYE FOR THE PRICE

porch, large lot, private dock and mooring ball. Don't wait until summer is over, call today and enjoy your summer here!

New Modern Kitchen, Bath & Master BR Come see this updated, elegant 4 BR 1 1/2 BA home today. Fonda-Fultonville School District. $105,000.00. 180 Chapman Drive, New Kitchen, stainless steel appliances, granite Town of Amsterdam counter tops, ceramic tile floor, crown mold3311 ST HWY 30, Mayfield ing throughout, new furnace and so much Cozy 3BR Bungalow on a corner lot with more. Close to NYS thruway, Route 5 & 5S for fenced yard for kids or pets. 1st floor laundry, 3BR stylish cape with custom crown molding new deck, family room and/or kids play room. & a large back yard. an easy commute.

$99,000.00. 10 Ann St., Fultonville Sellers must relocate. Very large, spacious 3BR, 2 full bath home located on the hill in Fultonville so you have the view of the valley & it is Move In Condition.

Page 5 • REAL ESTATE GUIDE • June 29, 2013

June 29, 2013 • REAL ESTATE GUIDE • Page 6

Home Economics Own Your Future Owning a home is the American Dream.

It’s a great way to create wealth and pass it on to your family… to build a nest egg for college or retirement... and to protect against life’s setbacks.

non-profit and business groups. Many are free and on the Internet. If you do not have Internet access, visit your local public library or HUD-sponsored Neighborhood Networks.

It starts with being smart about money.

plans. It will show that you are serious and smart about money.

• FHA — HUD’s Federal Housing Administration insures the mortgage (or loan) your bank may offer you to buy a house. FHA off ers families a safe, fair, and aff ordable alternative to more expensive, complex, and risky loans, 800-CALL-FHA (225-5342). www.fha.gov

The U.S. Department of Housing and Urban Development (HUD) wants all Americans to manage their money and have the option of preparing for homeownership.

• HOPE NOW — Industry-led alliance to help homeowners in distress, 888-995-HOPE (4673), www.hopenow.com

The Key Steps: Organize — Set a goal to save a certain amount of money each month — then stick to it.

• NeighborWorks America Provides foreclosure workshops and counseling to mortgage borrowers, and financial education to those considering buying a home, www.nw.org

Watch Spending and Savings — Prioritize your family’s spending needs so that saving becomes second-nature.

Negotiate — Communicate early and often with companies or banks you owe money to so you can work out problems before they grow larger.

Elevate Your Credit Score — Know your credit score and what it means to banks and credit card companies and your future.

Read (and Understand) the Fine Print — Consider all the options, educate yourself, and be informed before you sign on the dotted line.

Resources are available from the federal government and

Ed Pierpont

NY Lic. #16000022349 NACHI #05122792 104 Reed Street Canajoharie, NY 13317

Gott U Covered • HOME E INSPECTIONS S•

(518) 332-6294 Fax (518) 673-3667 epierpont@ny.nachi.org

GotUCoveredHomeInspections.com

VMM

Virginia M. Mackey, LLC Real Estate 226 E. Fulton St., Gloversville, NY 12078

Marguerite King “Markie” Licensed Real Estate Salesperson (518) 773-3298 • FAX (518) 725-8615 • Cell (518) 774-2717 www.vmackey.ihouse2000.com email: markie@citlink.net sewbusymarkie@yahoo.com

Organize Set money goals, and develop a plan to reach them. Decide what’s important to spend, then save the rest for a rainy day — or a downpayment on a home.

• Buying a Home — Learn the nine key steps to buying a home, www.hud.gov/buying • HUD’s Housing Counselors — They help you manage money, learn about credit, and navigate the homebuying process. To find a HUD-approved housing counselor in your area, call 800-569-4287 or visit our website at www.hud.gov/counseling • Neighborhood Networks — Provide education and job training information. 888-312-2743, www.NeighborhoodNetworks.org • Home Affordability — An online “calculator” helps you learn what it takes to buy a home. Sponsored by the Government National Mortgage Association (“Ginnie Mae”), www.hud.gov/calculator • Federal Reserve Education — Free tools and materials to better understand money and economics, www.federalreserveeducation.org Watch spending and savings Putting a little money aside every month takes hard work and difficult choices. But the rewards are great. Learn about the power of compound interest. Teach your children that a few hundred dollars invested now can turn into thousands of dollars over time.

• MyMoney.gov — The basics of financial education, 888-MyMoney (696-6639), www.mymoney.gov • “Banking on Our Future” — Teaches students aged 9-18 about money matters, www.bankingonourfuture.org (password needed) • National Council on Economic Education — Sponsors “Financial Fitness for Life” (for students) and “EconomicsExchange” (for adults), www.ncee.net • “360° of Financial Literacy” — Money education and weekly savings tips, www.360financialliteracy.org • Native Financial Education Coalition — Promotes financial education in Native American communities, www.nfec.info.

Negotiate Many consumers, including homeowners, feel trapped by debt.

But there may be other options. Contact the people you owe.

They may be willing to work with you to develop new payment

• National Foundation for Debt Management — Its “Right Track” program is designed to help consumers regain control of their money, www.nfdm.org Elevate your credit score The importance of good credit is a fact of life. Banks and credit card companies decide whether to lend you money and what interest rates you will pay based on your credit score. Be prepared to examine past choices and, if necessary, to change your money habits. Decisions you make today will impact your future options.

• Annual Credit Report — Check the accuracy of your credit report annually for free: www.annualcreditreport.com. To obtain your credit score for a fee, contact the three major credit reporting agencies: Equifax (800-685-1111) TransUnion (800-916-8800) Experian (888-397-3742) • ABCs of Homebuying — HUD’s series of Internet videos guides you through the credit and homebuying process, www.hud.gov/webcasts/archives/homeforall.cfm • Resident Opportunities and Self-Sufficiency (ROSS) Homeownership and credit counseling for families in public housing or receiving Housing Choice Voucher (Section 8) assistance. Contact your local public housing agency: www.hud.gov/offices/pih/pha/contacts/index.cfm • Home Loan Learning Center — Information on credit scores and reports, cost comparisons, and steps to take to qualify for a loan, www.homeloanlearningcenter.com Read (and understand) the fine print Consumers have more ways than ever to buy a home. Know your rights. Homebuyers should understand their mortgage contract and be on the look-out for scam artists and predatory lenders. A HUD-approved housing counselor (800-569-4287) can help.

• Borrowers’ Rights — HUD offers a complete list, www.hud.gov/borrowersrights • Predatory Lending — HUD has suggested a variety of ways to protect yourself from predatory lending, www.hud.gov/loanfraud. For resources in your area: www.hud.gov/becareful • Fair Housing — Housing discrimination based on your race, color, national origin, religion, sex, family status, or disability is illegal. If you have been trying to buy or rent a home or apartment and you believe your rights have been violated, you can file a fair housing complaint. Go to: www.hud.gov/complaints

518-673-2820 www.krutz-properties.com

RESIDENTIAL - COMMERCIAL FARMS - INVESTMENTS - ACREAGE

156: CANAJOHARIE: NEW LISTING 103 year old farmhouse located on 40 acres. There is an old barn, a small outbuilding and an old Hop House that stores mowers and small equipment. Would make a nice horse farm. Great view from top of hill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $139,900

994: T/O STARK: charming 1850's home located in the hamlet of Starkville. Wood floors & original woodwork bring this home to life. Spacious DR & LR. 4 bedrooms. Porches, 4 stall garage & patio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $89,900

134: CHERRY VALLEY: Lovely 2-story, 3 bdrm, 2 1/2 bath home. Eat-in kit, formal dining room, living room & garage.

Beautiful hardwood floors throughout home. Located minutes from Cooperstown . . . . . . . . . . . . . . . . . . . . . . .Asking $189,900

SALE PENDING 208: DOLGEVILLE: Very nice location and walking distance to 201: ST. JOHNSVILLE: Constructed in the 1950's but years ahead Main Street. Exquisite private backyard with a flowing stream. of its time. Limestone wall fireplace in the LR & DR. Basement has Many updates to the home include new carpet, tile floor in a family room w/ fireplace, 4 bdrms & 2 baths. Garage under house. bathroom, new windows, electrical entrance and central air . . . .

Plus possible building lots . . . . . . . . . . . . . . . . .Asking $129,500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $84,900

502A: SPRAKERS: A country home with a great floor plan.

Kitchen with island, dining area and living room. Large family room with fireplace. Laundry room and 1/2 bath on 1st floor. 2nd floor 3 bedrooms and 2 full baths including master bath . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $119,000

SALE PENDING

597: Colonial home w/ private setting and view of the Cherry Valley Mountains. Circular drive leads to this custom built home.

4-5 bedrooms, 3 1/2 baths, sunken FR w/ granite fireplace, gorgeous sunroom overlooking mature landscaping & in-ground pool. T/O Palatine 5 acres . . . . . . . . . . . . . . . . .Asking $219,000

953: V/O Canajoharie is this lovely home w/ unique features throughout. Beautiful DR & LR w/ wood floors. Fireplace w/ gas insert. Eat-in kitchen, 4 bedrooms & 2 full baths. 2 bedrooms on first floor. Garage, porch & yard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $89,900

880: NELLISTON: Ranch style home on a double lot w/ views.

3 bedrooms, modern kitchen, 3 season room, finished family room in basement & large deck. 2 stall attached garage, central air & hardwood floors . . . . . . . . . . . . . . . . . . . . . . . .Asking $114,000

592: CAROGA - Custom built house on about 4 acres. LR w/ fireplace, dining area, loft and gas stoves. Beautiful location. Not far drive to Canada Lake . . . . . . . . . . . . . . .Asking $89,000

978: ORISKANY: COLEMAN MILLS RD Oneida County is the location of this 162 acre parcel. 4 Bedroom home, large kitchen and living room. 2 garages. Outbuilding. Pole Barn with 16 x 24 heated shop. Christmas trees, woods and open fields make up the 162 acres. Part of property is along Sutliff Road and is zoned commercial . . . . . . . . . . . . . . . . . . . . . . .Asking $675,000

153: Johnstown Schools: 2-story, 4 bedroom home sits on 1.4 acres in Ephratah. Home is charming and well maintained. Features country kitchen, sliding glass door, ceramic tile, & wood floors. Johnstown School . . . .Asking $135,000

753: Fort Plain. Come take a tour of this historic Victorian home; you will feel as if you have stepped into the past. Fireplaces, grand entry, stained glass, original woodwork & more. 4 bedrooms, den, formal dining room & living room . . . . . . . . . . . . . . . . . . . . . . . . . .Asking $139,900

Page 7 • REAL ESTATE GUIDE • June 29, 2013

59 W. Main St., Canajoharie

June 29, 2013 • REAL ESTATE GUIDE • Page 8

Exceptional Townhouse Living! * NEW LISTING *

9.50 Acres Town of Glen * NEW LISTING *

In this beautiful 3BR, 3 bath townhouse overlooking the 4th hole at Rolling Hills Country Club. No expense has been spared in updating the 2,800 square feet of living area. Inside it has a newer kitchen with granite countertops and glazed maple cabinets, formal dining room, large living with a gas fireplace, master bedroom with bathroom, finished basement family room and exercise room, walk out basement, and to many upgrades too list! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offered at $209,000

If you have been looking for a country location that is close to work and shopping this is it! 9.50 acres of tranquility with a great view looking north and west just off NY 5S. Land has 205.20 feet of road frontage and it is open fields with some woods, Fonda Fultonville Central schools and owner invites offers on . . . . . . . . . . . . . . . . . . . . . . . . . . . . $52,500

Broadalbin Perth School Region * NEW LISTING *

Absolutely Fabulous * NEW LISTING *

With this turn key ready cape on a 1.10 acre lot in the country.

It has a white on white kitchen, one bath, dining room, living room, family room addition with knotty pine walls and fireplace, open back porch, low taxes and a price of only $84,500!

It won’t last long!!

West Caroga Lake Camp * NEW LISTING * Watch the sunset on Sheeley mountain and view the lake from this 4 bedroom, 1 bath with 46’ of lake frontage on West Caroga. Inside it has a very large living room with fireplace, dining room, large kitchen, 1 car garage, and owners want offers on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$225,000

102 Knowlton Avenue, Fonda

Need we say more about this near new 3+ bedroom, 2 bath contemporary ranch situated on an executive cul-de-sac. Of course there is a custom oak kitchen with dining area, an elegant formal dining area with pillars, 26’x35’ great room with amazing built ins and overlooks the professionally landscaped rock gardens and coy pond in the back yard. What makes it special is the feeling of elegance tempered with simplicity.

Offered to those who appreciate the very best at . . .$345,000

Hickory Hill Region Cape * NEW LISTING *

316 Mohawk Drive, Tribes Hill, New York

829-7250 See all our listings at: judithannrealty.com Town of Glen Ranch * NEW LISTING *

Hold Your Horses! * NEW LISTING *

Country living in this 3 bedroom, 2 bath ranch on a 6.10 acre parcel. Home has an oak kitchen with dining area, three spacious bedrooms, a large living room, attached 2 car garage, 16’x30’ pole barn, and it is in the Fonda Fultonville School district. It will sell quickly so call us for a showing! Only $99,000

16.60 acres of clear farmland with 405’ of road frontage in the Town of Glen. Land is just off NY 5S near the shrine and it comes with a HUGE steel Morton style building with a concrete floor. Parcel is in the Fonda Fultonville Central school district and there are public power lines along the road. Great site for your new home and perfect spot for a hobby farm! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Offered at $67,500

Town of Florida Cape * NEW LISTING *

No home improvements needed with this 4 bedroom, 2 bath cape on a 75’x175’ lot in a great setting!

Inside it has a spacious living room, dining room, kitchen and an open family room overlooking the back yard. 4 spacious bedrooms with 2 on the first floor, 2 up, Surrounded by 1000’s of acres of picturesque farmland there’s a 1 car garage, and it won’t last long because owner you will find this sweet 3 bedroom cape with a new wants it sold ASAP and wants offers on . . . . . . . . . .$139,000

bath, new kitchen, cozy living room.

Town of Glen Cottage

Amazing setting surrounded by 1000’s of acres of fields and a panoramic view from every direction! Inside it has stained glass windows, wainscoted cupboards, hardwood floors, 3 bedrooms, 1 bath, living room and dining room with built in’s, and owner wants offers on . . . . . . . . . . . . . . . . . . . . .$75,000

Gillen Road, Town of Charleston

Town of Canajoharie

Hold Your Horses!

2,042 square foot farmhouse just on the edge of the village. It was built in 1870 and has 3+ bedrooms, 1.5 baths, and sits on 3.00 acres. It has been lovingly maintained over the years. It has a carriage house kitchen, pine front foyer, dining room, with a pellet stove, large living room, with a full wall window, ceramic bath, and new windows and doors. Offers wanted on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$225,000

In great condition 3 stall horse barn adjacent to this great condition 3 bedroom, 1.5 bath colonial in the Town of Root. Inside it has a living room with woodstove, sharp updated kitchen with dining area, mudroom, 3 spacious bedrooms, attached garage, turn out area for horses, and you can’t beat the setting! Fonda Fultonville Central school district and offers wanted on . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$149,000

Tribes Hill Cottage * NEW LISTING *

1850’s Town of Florida Farmhouse * NEW LISTING *

135 Acres with House FOR $139,500!! * NEW LISTING *

7.8 Acre Lot Tribes Hill * NEW LISTING *

Sweet and low! Sweet 3BR cottage that is all new inside! It has a new oak eat-in kitchen with appliances, updated 1.5 bathrooms, oversized living room with hardwood floors and pellet stove, formal dining room, detached 1.5 car garage, deck with above ground pool, first floor laundry room, low taxes and a large lot! . . . . . . . . . . . . . . . . . . . . . . . . .Offered at $127,500

Picturesque views of the Mohawk Valley from this 3+BR farmhouse with 2,400 sq. ft. of living area. Inside it has large rooms including the kitchen with Wood Mode cabinets, DR and LR, first floor den area, several 1850’s post & beam barns, pole barn, 2 car garage, 4+ acres of land and it is priced at only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$98,500

Must be sold, good condition 4BR farmhouse in the Town of Charleston with 2,325 ft. of road frontage. Land is covered with sugar maple and hardwoods, abundant deer and turkeys, great setting, and it is a steal again at . . . . . . . . . . . . . . . .$139,500

All you need is your house plans with this country building lot that has a 20’x28’ pole barn, a pond, mature apple orchard with 28 trees, 10 peach trees, 4 cherry, 3 pear trees, a drilled well 138’, and it is almost all cleared and mowed like a golf course! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Offered at $34,500

20 Acres Burtonsville Road, T/Charleston * NEW LISTING *

Town of Glen Manufactured Home * NEW LISTING *

2 story home sits on a really nice 185' x 130' lot as per deed.

Home features 2 bedrooms, 1 full bathroom, kitchen, formal dining room and large living room.

Beautiful wide plank wood floors, den, enclosed front and back porches, large yard and a 1 car garage. . . . . . . .$55,000

Country boy special with 20 acres in a rural setting that backs up to the NYS forest and comes with a 1960’s trailer, a new Quonset hut, a drilled well, and a paved horseshoe driveway, and it must be sold to settle estate. . . . . . .Offered at $42,500

12.3 acres of land and a great condition 2008 manufactured home with 3BRs, 2 baths. It also has an upgraded oak kitchen, large dining room, living room with a stone fireplace, master bedroom with a garden tub, 30’x40’ pole barn, and owner wants offers on . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$149,000

Tribes Hill Ranch

Bring an offer on this sharp 3BR, 2 bath ranch on a quiet dead end street that your kids can ride their bikes on, and it has a fenced in back yard for the dog and little kids. Inside you will find a modern home with a sunken family room with fireplace, formal dining area, new kitchen with maple cabinets, new siding, new deck, attached garage, and so much more! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Offered at $145,000

This historic 1850’s Greek Revival is one of the oldest houses in the Town of Charleston. It sits on 2.66 acres on a dead end road & has seen many recent updates including all new windows, freshly painted exterior, updated electric, furnace and pellet stove. It has 5 bedrooms, 1.5 baths, double living room, formal DR & eat in kitchen. Also wide board floors, authentic woodwork, front and back stairs, insulation and great porches.

This one is well on it’s way to restoration. It just needs your good taste to bring it back to its former glory . . . . .$150,000

Don’t Squeeze, Town of Amsterdam * NEW LISTING * When you can spread out in this 4BR, 2 bath, split level home on a private lot surrounded by woods.

Inside it has an open concept family room, kitchen with hickory cabinets, and dining area. There is a cathedral ceiling and brick fireplace, granite countertops, and stainless appliances. You have to see the private master bedroom with deep walk-in closet, jacuzzi tub, anda sitting area overlooking the family room. Call now if you want a solution to your space problem. . . . . . . . . . . . . . . . . . . . .Offered at $214,500

LANA RUGGIERO, GRI, ASP 11 Forest St., Gloversville (518) 470-4738 www.ruggierorealtyllc.com • mruggier@nycap.rr.com 214 E. Main St., Johnstown

1131 Co Hwy 122, Town of Johnstown

7 Lark St., Gloversville

Stunning! 4BR, 3.5 bath custom built home on 11 acres and just minutes to Saratoga & Albany. Nearly 4000 sq. ft. of living space, newly refreshed kitchen plus attached & detached garages, shed, outdoor fireplace, pond... such a beautiful setting! . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $429,900

Best opportunity for the large family that needs lots of bedrooms!!! 5 bedrooms and plenty of space to sprawl out including a second floor den/computer room/toyroom.

Very well maintained for 50 years! Nice deep lot with privacy, in the city! . . . . . . . . . . . . . . . . . . . . $84,900

Looking out over Phelps St. is this darling expanded Cape. You won’t believe the spaciousness until you see it. Newer kitchen with adjoining family room, so cozy and inviting. Huge living room, formal dining room, beds & baths on both floors. Hot tub house and detached garage all on 4 acres. . . . . . . . . . . . . . . . . . . . . . . . . $224,900

New on the market, Craftsman style home in Gloversville’s East End. New kitchen, adjoining family rm., 2.5 new baths & laundry, master suite, large living rm w/stone fireplace, formal dining rm, two sunporches. ALL NEW SYSTEMS!. . . . . $119,900

462 N. Main St., Gloversville

206 Cape Horn Rd., Johnstown

119 Bertrand Rd., Mayfield

273 Smith Rd., Broadalbin

Enjoy the delightful in ground pool ALL summer, as this real nice 3BR, 1.5 bath is move in ready & easy to maintain. Many conveniences - mudroom, 1st floor laundry, walk in closet, large living space & modern kitchen...........................................$78,500

Wonderful log home on 18.8 acres in the Adirondacks. 3BR, 2 baths, open living area, wood stove, attached garage, deck, porch, full basement.

Many recent updates. Close to skiing, trails, lakes .. ...................................................................$174,900

Lakefront year round ranch with 30 ft. permit on the Great Sacandaga, just across the private road.

Pristine condition inside and out. Views from the deck, lots of storage, well manicured yard. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$289,900

Real cute 3BR/2 bath ranch on 1.5 acres in Broadalbin-Perth School District. Very spacious kitchen with bar, large living room, cathedral ceiling, pellet stove. Private setting off of Smith Rd with just 4 houses... this is a rare find at . . . . . . $124,900!

2132 Donnan Rd., Galway

1007 Co Hwy 122, Town of Johnstown

108 Woodlawn Dr. Town of Johnstown 13 W. Twelfth Ave., Gloversville 505 State Hwy. 29A, Town of Mayfield

5BR country estate on 45 acres. Large office has separate entrance. Sunny family room right off pool area, large eat in kitchen. Barns, milk house, silo, trails, ponds. Great location... owner ready to negotiate . . . . . . . . . . . . . . . . . . . . . . $395,000

Fabulous house in a wonderful location. Under 10 yrs young, modern design, efficient floor plan.

Master suite plus 2 more bedrooms. Family room, game table area and office in lower level. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$269,000

Cozy bungalow on pleasant dead end street, close to shopping, hospital, school. New full bath, doors, roof, furnace...FHA compliant...no work needed.

Tandem garage, fenced in bi-level yard, lots of storage space. . . . . . . . . . . . . . . . . . . . $76,500

A one of a kind, exceptionally well maintained home with GEO Thermal heating & cooling system.

Gorgeous new master suite includes tiled spa-like bath with heated floors, California closet.

Immaculate 4 car garage . . . . . . . . . . $259,900

237 S. Kingsboro Ave., Gloversville

124 Oakland Ave., Gloversville

200 W. Fifth Ave., Johnstown

6 Brant Rd., Johnstown

Modern raised ranch in perfect condition for the buyer who wants to just move in! 3 beds, 2 baths, large family room, eat in kitchen, attached garage.

Close to new shopping area and school $123,900

Oh so adorable Cape Cod...will work so well for those starting out and low, low maintenance for those slowing down. Recently updated and refreshed...this is so ready for new owners! 2 beds, Lovely home, lovely yard, lovely location. 5 beds, full bath on first floor, large 3rd bedroom and den 3.5 baths, in-ground pool, hot tub, wet bar, large on 2nd floor . . . . . . . . . . . . . . . . . . . . .$94,900 attached garage plus huge RV garage .$249,900

Phenomenal split level ranch, wonderful floor plan plus gorgeous back yard with in-ground pool, gazebo, summer room. Attached garage, plenty of storage . . . . . . . . . . . . . . . . . . . . . . . .$225,000

9 Grove St., Gloversville

1932 State Hwy. 29A, Town of Johnstown Clovercrest Dr., Town of Johnstown

418 N. Main St., Gloversville

2.20 acre city lot with much potential. Commercially zoned...great for heavy equipment, storage units, container storage...or build a new business. Directly off Rte 29A (E. Fulton St.) . . . . . . . . . . . .$15,000

A great view of the mountain ranges comes with this 1 acre building lot heading towards Caroga Lake. Level with old well and septic, new survey Just Reduced to . . . . . . . . . . . . . . . . . . . $19,999

2.10 building lot in newer cul-de-sac. Peaceful location within minutes to city amenities. Town approved, paved road, electric. Great spot for a new home! . . . . . . . . . . . . . . . . . . . . . .$38,000

Cream Puff! Just a cute little cottage in the city with 3 beds, 1.5 baths. Great authentic detailing with some modern upgrades to baths & kitchen. Seller will pay 1 full year of taxes! . . . . . . . . . $69,900

Page 9 • REAL ESTATE GUIDE • June 29, 2013

“...for the personal attention you deserve!”

June 29, 2013 • REAL ESTATE GUIDE • Page 10

Time your move right to save money Buying a new home is the most expensive purchase a person is likely to make in his or her lifetime. It also can be one of the more stressful. The Employee Relocation Council states that moving is the third most stressful event in life, following death and divorce. But a well-timed move can reduce stress and save money.

Moving during certain times of the year can result in considerable savings. Moving during the summer, when children are out of school and the weather is nice, can make a move more manageable. Keep in mind that because late spring and summer are the peak moving seasons, they also tend to be more expensive. Many moving companies and truck rental agencies will charge a premium if you use their services during the summer. Furthermore, crews may change in the summer when students on vacation could fill in for regular, more experienced movers.

High prices are not only reserved for those who buy a new house during the spring and summer.

Renters may find spring and summer is also the peak season for rentals. Many apartment managers can attest that the dates between June 2 and August 30 are quite busy in terms of apartment turnover. College students are more likely to move as soon as the academic year ends, and many landlords plan leases to expire in the summer months to ensure that re-renting places will be easier thanks to a flooded apartment market. According to Apartment Wiz, a Houstonbased apartment locating service, although there might be greater apartment availability during the warm-weather months, it also means greater competition between prospective tenants. That greater competition can drive up prices.

when foot traffic has fizzled out. That can make shopping for a home in the fall advantageous to home buyers.

Here are some other tips to reduce stress and save money when moving into a new home or apartment.

• Move mid-week. Weekends are a prime time for truck rentals and moving companies. Pick a Tuesday or a Wednesday to move, and you’re much more likely to find an available moving service (even during peak moving months); you may even be able to negotiate a lower rate.

• Pick a mid-month moving date. Many people move at the beginning of the month when leases are up or after mortgage payments are made. Fewer people move in the middle of the month, so you might find more affordable moving deals if you can wait a few extra weeks.

• Schedule a fall or winter move. The American Moving and Storage Association says half of all moves occur during one-third of the year — between the beginning of May and Labor Day. Beat the rush by moving outside of these dates.

• Get an early start. Many people underestimate the amount of time it takes to actually move their belongings. Try to schedule a moving company to come very early in the morning to give you ample time to pack up the truck and unpack at your new home.

But apartments are harder to fill in the fall or at the onset of winter. That’s because many people do not want the hassle of moving once school has started or the weather has chilled. Landlords who are stuck paying utilities and advertising fees for vacant apartments are far more likely to negotiate rent prices, lease terms and even security deposits during the winter in an effort to fill the apartment quickly.

People sitting with homes on the market are also more likely to negotiate during cooler months D CE DU RE

SHARON SPRINGS, NY Completely renovated 2BR, 1BA home short distance from town. All new appliances, new bath, floors, electric, carpet, windows, garage door, and more. 2+ acres w/barn . . .$145,000

SHARON SPRINGS, NY Looking for a newer home with privacy? This one has it all. Wrap around porch, views, privacy. 3rd floor has master suite w/bath, 2BR, LR, DNA, Kit on 2nd floor, finished den/family room in basement, incl. 1 car garage. 5+ acres of rolling meadows. . . . . . . . . . . . . . . . . . . . . .$169,000

SHARON SPRINGS, NY Seclusion at its finest. Views to enjoy 24/7. Spacious rooms, large window for the Christmas Tree, nice pond, 3BR, 2BA, LR, FDR, eat-in kitchen. A must see for . . . . . . . . . . . . . . . .$149,900

Looking for that Great Get Away?

Look no further with this lovely ranch situated on 8+- acres of beautiful trees and shrubs with a large pond. House consists of covered rear deck, 3BR, 2BA, LR w/woodstove, FDR, breakfast nook, large kitchen w/appliances, wood floors, family room and 1BR in basement. includes 14x70 mobile home for guests, Large two bay barn w/workshop plus the two car attached garage. All this and more for . .$275,000

SHARON SPRINGS, NY COUNTRY LIVING AT ITS BEST! Move in ready, this center hall Large three story home comes with 3BR, 2BA, LR, DR w/sliding door to deck, Eat-in kitchen, Den, several large walk-in closets w/lights. Family/game room and one car garage. Many other features including 2.6+ acres. . . . . . . . . . . . . . . $117,000

home has an up to date eat-in kitchen, DA, LR, computer room, 1 bath/laundry on first floor. Beautiful serene setting with waterfalls in stream. Large 2 story, 2 car garage/workshop, 9 Acres . . . . . . . . . . . . . . . . . . . . . . . . . . . All for $139,900

Mary Ann Larkin, Broker 7078 State Route 10 Sharon Springs, NY 518-284-3200 0 • faxx 518-284-2682 13459 www.larkinrealty.com • malarkin@nycap.rr.com

A well-timed move can reduce stress and save money.

Page 11 • REAL ESTATE GUIDE • June 29, 2013

June 29, 2013 • REAL ESTATE GUIDE • Page 12

Can you afford to buy a house?

by Susan Taylor, Consumer and Family Economics Educator, University of Illinois Extension When you decide to buy a house, one of the hardest things to figure out is how much you can afford. The important thing is only to spend as much as you can comfortably afford.

What do you need to know about home loans?

Most people bxorrow money to buy a home. If you take out a home loan, then you will have a monthly mortgage payment.

This payment has several components. These parts of a mortgage payment are called PITI — principal, interest, tax and insurance.

CAROGA COTTAGE Relax in this summer home with two bedrooms and extra lot. Plus East Caroga Lake rights. . . . . . . . . . . . . . . . . . . . . . . . . .Offered at $87,500

purchase price.

• Interest. The interest is the amount charged for borrowing money.

The percentage depends on the type of loan you get. Lenders usually require 20 percent down payment for a conventional mortgage. Some lenders will finance for as low as 10 percent down payment, but require the buyer to purchase mortgage insurance. FHA (Federal Housing Authority) and VA (Veterans Administration) financing requires even a smaller percentage down payment.

• Real estate taxes. The real estate taxes are collected each month by the lender until the annual property tax bill comes due, and then the lender pays the tax bill.

• Homeowner’s insurance and mortgage insurance. Lenders often require homeowner’s insurance and mortgage insurance as part of your payment. Homeowner’s insurance provides protection if something major happens to your house such as a fire, and the mortgage insurance protects your lender in case you don’t make your payments.

What are the additional costs you will have with home ownership? List your current housing expenses and to estimate

Can next page

What are other costs of home ownership?

Too often people consider only the monthly mortgage payment when deciding if they can afford to buy a home. Other costs are also very important such as loan costs, new housing expenses, and current living expenses. When you borrow money, a lender may charge fees such as an application fee. Another initial cost can be points.

Points are a one-time charge by the lender to increase the loan yield. A point is one percent of the mortgage loan amount. These are some possible closing costs. Closing costs are expenses (above the property price) paid by the buyer and the seller.

ANTHONY CHRISTIANO LICENSED REAL ESTATE SALES PERSON OFFICE: (518) 725-3405 FAX: (518) 725-2663 CELL: (518) 774-4205 EMAIL: gcrtony@gmail.com

• Principal. The principal is the loan amount remaining unpaid.

28 SOUTH MAIN STREET GLOVERSVILLE, NY 12078

You can’t borrow all the money you need to buy a house. You will need some cash for the closing costs and the down payment. A down payment is a percentage of the home’s

48 Church Street, Canajoharie, NY 13317 518-673-3677 • richardeulerrealty.com

194 Canajoharie: 3BR home on 5.4 acres.

Owner loves the tranquility, says it’s peaceful and quiet. It’s also very private. $224,900

176 Cobleskill: Stately brick Victorian is

convenient to downtown amenities and near SUNY. Pristine condition. Carriage house.

NOW $199,999

195 Summit: Situated on 4 acres in a recreational community overlooking Lake Summit. Completely redone. 3BR, 2 baths. $249,000

158 Fort Plain:

A brick 4BR historic jewel is priced to move and recently new assessment for lower taxes. Edge of town. $74,900

288 Palatine: Walk thru the front door of this 248 Oppenheim: A hunter’s dream on 8 acres.

3BR home and all you’ll say is “WOW”.

Remodeled. Relandscaped. View of river. $195,000

5BR log home with an inlaw apt. over two car garage plus large spacious garage out back. $205,000

June 29, 2013 • REAL ESTATE GUIDE • Page 13

Can from previous page your future housing expenses. For example, what is your utility bill now and will it increase if you buy a new home?

Consider changes in the cost of your insurance, taxes, commute, tools, and fees such as condo fees.

You may want a “reserve fund” to cover initial new home expenses such as decorating, window coverings, furniture, lawn care equipment, and unanticipated repairs. Try not to do any major remodeling during the first year. If you stretch yourself too far and you can’t pay your monthly mortgage payments, you may lose your home.

Don’t forget to keep in mind your non-housing expenses. Nonhousing expenses include food, clothing, entertainment, education, car expenses, medical expenses, childcare, savings, etc. These expenses are important to consider as you look at the mortgage payment figures. Can you comfortably afford the monthly mortgage payment if one of your other expenses (such as medical or childcare) increases?

How much money can you borrow?

The lender sets a limit on how much you can borrow. Lenders want to know how much of your gross income (your total income before taxes or any deductions) will go towards your mortgage payment. You must qualify to get a mortgage loan. You may want to pre-qualify for a loan so that you can shop for homes in your price range.

To qualify you for a loan, a lender will look at two major factors: your earnings and your existing debt. To decide if you make enough money for a mortgage payment, most lenders use the housing-expense ratio. Typically lenders will allow you to spend up to 28 percent of your gross income for a mortgage payment.

For example, a family earning $50,000 gross annual income earns $4,167 per month gross income ($50,000 divided by 12 = $4,167). This family would qualify for a loan with a $1,167

monthly mortgage payment ($4,167 multiplied by .28). However, keep in mind this ratio uses gross income not take-home income. You must decide if you can comfortably afford this high of a monthly payment plus your other expenses.

Lenders also use the debt-to-income ratio. This method calculates how much of your gross monthly income is used to pay debt. Payments for the mortgage, car loans, credit card debt, student loan payments and other debt are all considered.

Lenders often use a 36 percent debt-to-income ratio. However, taking on such a large payment obligation isn’t wise unless you feel confident you can live on what remains of your income.

Lenders consider other factors too. A poor credit history, unstable income source, or inadequate cash reserves can disqualify you as a borrower. The lender also must approve the house you want to purchase. Usually this approval requires an appraisal of the property.

What are your options?

Don’t be discouraged if at first it seems you can’t qualify for the loan you would like. There are many programs to help first-time buyers. These programs usually offer loans at low interest rates or with a low down payment. Be sure to check on the availability of these first-time buyer loans and also FHA (Federal Housing Administration) and VA (Veterans Administration) loans.

You may want to reevaluate the home price you thought you wanted. Perhaps you could qualify for a less expensive home.

It may be that it’s important to pay down your current debt or save some cash before you buy a home. Set yourself a goal to save or reduce debt by a certain date. When you’ve met your goal, apply for a loan again.

By carefully considering all the costs of home ownership, you can choose a home that you can comfortably afford.

A&M PROSPECT PROPERTIES LTD. 217 N. Main Street • Gloversville, NY 12078

Kathleen M. Mussi

Tel 518-773-8457 • Fax 518-773-9734

Licensed Real Estate Broker/Owner

www.amprospectproperties.com d

R

Gloversville - 16 West 10th Ave. Quaint 2 family home situated on quiet street that borders walking trails. Close to shopping & schools. Great owner occupied dwelling or extra income. Low taxes!

$69,000

Large single family home . . . well maintained, 4 bdrms, 2 baths, renovated in 2002, fenced yard. $59,900 MLSS 222693

2 Family, 2 Bedrooms each unit.

0 MLSS 222306 Motivated Seller. $54,900

d

ce

ce

u ed

u ed

R

Johnstown 2 family. 4 bedrooms over 2 bedrooms, large yard. Fully rented. Motivated seller. Priced to sell. $69,900 MLSS 220878

RENTALS Gloversville - 3 bdrm Upper, Renovated 2011 - $650

Large 4 bedroom house situated in the beautiful Adirondack Mountains, overlooking a mountain lake. Remodeled in 1994.

Beautiful views year round! Must see!

266 YEARS OF EXPERIENCE IN PROPERTY MANAGEMENT .

2 family, has 3 bdrms each apt... tenants will enjoy large driveway, large rooms updated kitchen. $59,900 MLSS 222838

Wee aree heree forr youu whenn youu can’tt be..

Two family w/two car garage - fully rented.

1st floor large kitchen, 3 bdrms, lge deck in 0 MLSS 222494 back, 2nd floor 2 bdrms. $68,500

July 27, 2013 Issue Deadline Wednesday, July 17, 2013

SERVING HOMES IN THE FOLLOWING COUNTIES:

c Albany c Fulton c Herkimer c Montgomery c Oneida c Otsego c Rensselaer c Saratoga c Schenectady c Schoharie

For More Information Call John Snyder 518-673-0129 Reach Over 110,200 Homes Distributed In:

Page 14 • REAL ESTATE GUIDE • June 29, 2013

RE A L ES TAT E GU I D E

June 29, 2013 • REAL ESTATE GUIDE • Page 15

How to get approved for a mortgage Real estate professionals say the market is rebounding, and many would-be home buyers are eagerly awaiting their opportunities to purchase their own homes. Fresh data indicates that the inventory of properties is quickly drying up and soon the market is poised to point in the sellers’ favor.

According to Allen & Associates, a real estate appraisal, consultant and research firm based in Colorado, properties in the area listed for sale are below the six-month supply of inventory. Now could be the time to get a good deal on a home, provided buyers are able to secure mortgages.

No matter how many affordable homes are available, if a buyer cannot get approved for a mortgage, then his or her chances of owning a home are slim. In the wake of a tumultuous economy, many lenders tightened restrictions on mortgage lending. And even though the economy has rebounded, many lenders have continued to follow strict guidelines before lending money. In order to secure a mortgage with a good interest rate, buyers must take control of their financial situations and fix problems that could lead to loan rejection.

Many things can impact a mortgage application. Here are the ways to overcome liabilities and improve your standing with prospective lenders.

• Know your credit rating. Your credit rating is a score that lenders rely on when deciding whether or not to approve your mortgage application. The higher the credit rating, the more attractive you look to prospective lenders. But the lower your score is, the more difficulty you will have getting a loan. Should you get a loan with a low score, you may have to pay a higher

interest rate than someone with better credit. Prior to making any big financial decisions, such as applying for a mortgage, it is vital to find out your credit score. You can request a free copy of your credit report, which includes your credit score, once a year from the three major credit reporting agencies in the United States and Canada: TransUnion, Experian and Equifax. You also can pay for your credit report.

• Address any issues on your report. Once you know your score, you can take steps to address any issues on the report. Pay down revolving consumer debts, such as credit card balances and auto loans. Report any errors on your credit report so they can be adjusted. Pay bills on time and address any notices of collections before they make it onto your permanent record. If you will be applying for a loan soon, avoid opening any other credit accounts for the time being.

this can backfire. Lenders will want to see a strong credit history that indicates your ability to pay your debts on time.

• Get a cosigner. If you are uncertain about your ability to secure a loan on your own, then consider a cosigner to make you more attractive to prospective lenders. The cosigner helps guarantee the lender that your mortgage payments will be made.

People looking to buy a home in the near future must make themselves attractive to mortgage lenders, many of whom are still reluctant to approve loans for candidates without strong financial backgrounds.

• Maintain steady employment. Having a job is often vital to getting a mortgage. Lenders tend to look for long-term financial stability, which is best illustrated by maintaining steady employment. Jumping from job to job may be a red flag to lenders, so it’s better to make a switch after you have been approved for a loan.

• Save, save, save. Having more money in the bank lowers your loan-to-value ratio, or LTV. This will make you appear less risky to lenders. Individuals who have saved for a considerable down payment on a home are also seen in a better light.

• Make sure you have a credit history. Some people are too cautious with their credit and think closing accounts or avoiding credit entirely will make them more attractive to lenders. But

Mohawk Valley Real Estate LLC 4720 State Highway 30, Amsterdam, NY 12010

518-843-4343 www.MVRELLC.com

NEW LISTING - PULASKI ST., AMSTERDAM Fully rented duplex in excellent condition features spacious rooms and onsite laundry. . . . . . . . . . . . . . . . . Only $80,000.

RIVER RD., FT. PLAIN - COZY HOME ON 6+ ACRES! features updated home with beautiful finishes and finished basement for family room and game room. This is a must see home. The 6 acres are wooded with large yard and nice pond. Deer come right into the back yard . . . . . . . Only $149,900.

NEW LISTING - VALLEY VIEW RD., AMSTERDAM Quiet neighborhood home features 3BRs and 1 1/2 baths in excellent condition! Just the right size at 1,324 sq. ft. . . . . . . . . . . . . . . . . . .Only $145,000

NEW LISTING - ST HWY 29, EPHRATAH Newer 3BR, 2 bath Doublewide on 4 acres, very private location! . . . . . . . . . . . . . . . . . . . . . . . . .REDUCED $99,900

LAKEVIEW AVE., SCHENECTADY - Move-in condition. Great 3 bedroom home in quiet neighborhood. Living room w/wood fireplace, formal DR, HW flooring, kitchen with all new appliances and walk-in pantry, back yard has a large deck and garage . . . . . . . . . . . . . . . . . . . . . . . . . . Asking $105,000.

EAST STATE ST., GLOVERSVILLE - Features 5BRs, 1.5 baths, eat in kitchen, LR, DR, 2 car garage on large city lot. Close to Nathan Littauer Hospital. Close to shopping and Churches. . . . . . . . . . . . . . . . . . . . $78,500

PERTH FITNESS RD., BROADALBIN Great country home, very spacious, bright and inviting located at 130 Perth Fitness Rd., Broadalbin. Features 4 Bedrooms plus finished basement and great school Dist . . . . . . . . . . . . . . . . . .Reduced to $198,000.

ST HWY 162, ESPERANCE - ENERGY EFFICIENT HOME! 3 bedroom, 2 bath Doublewide on 2.3 acres, located in the Schoharie School Dist . . . . . . . . . .$89,900

WADDELL AVE., FORT PLAIN - Wonderful 3BR home features HW floors, fireplace and great yard. . . . . . . . . . . Only $89,500!

FIREFLY MEADOW RD., GLEN - Seasonal log home with 2 acres and spectacular views. Adirondack living at its best . . . . . . . . . . . . . . . . . . . . . . . . . . . . Only $69,900.

LOWER LEPPER RD., AMSTERDAM Spacious 3BR, 2 bath home in quiet location features HW floors, family room and landscaped yard . . . . . . . . Only $100,000.

REED ST., CANAJOHARIE - Updated 3BR home features HW floors, fireplace, claw foot tub and natural woodwork. In beautiful condition and in the Canajoharie School Dist.. . . . . . . . . . . . . . . . . . . Only $86,900.

MaryEllen Charles, NYS Licensed RE Broker/Owner

www.ADKSrealty.com Email:: mel@adksrealty.com 101 Washington Square, Caroga Lake, NY 12032

Spectacular Western E. Caroga Lake Views. 360 ft.

Sandy Beach! Superb 4BR/3BA w/2 car garage.

Inviting open floor plan. Gorgeous Master Suite. WATERFRONT WESTERN VIEWS! 3BR/2BA ranch on 225+ ACRES w/TRAILS. Own 1/2 of pristine private no Lakefront deck & dock for your boat. Includes addi- peaceful Peck Lake. Full basement, 2 car garage, deep motor Newkirk Lake. Luxury living suite BR/3.5BA, 2 tional lot & 2nd garage. $432,000 MLS 222382 fireplaces. $549,000 private south shore lot. $270,000 MLS 220803

Carol Paciolla, Licensed Assoc. Broker • 332-3279 Diane Perrella, Licensed RE Salesperson • 725-8286

E. STONER LAKEFRONT YEAR ROUND HOME! 2 lots!

Borders STATE land! Snowmobile trails, sandy lakefront! 5+ Acres - Beyond Compare! 4BR/2BA Cape. Gourmet Immaculate 2BR/1.5BA. Move in for $385,000. kitchen, deluxe everything inside & out! $255,000 www.ADKSrealty.com MLS 222461

New

New

New

BROADALBIN - Great Sacandaga Lake - Snowmobile BROADALBIN 12 ACRES! Finish this dream cape! Very trails. Beautiful 3BR/2BA with LOTS OF NEW!! Storage EPHRATAH - Very private 2BR, 2BA, 3 acres, private private wooded site. Connect to village water/sewer. for boats, snowmobiles. Eagle Mills Rd. $115,000 stocked pond, immaculate! Custom throughout, on PECK LAKE YR. ROUND - Level lot, sandy beach, dock, OFF LAKE LOG CABIN! Borders state land. Access Canada Lake - very peaceful. Move in & enjoy summer! furnished! Make offer $375,000 Call to view! $174,000 snowmobile trails. $179,000 MLS 222704

New

Reduced

BLEECKER HUNTING LAND! Superb 44+ acres! Deer, 28 ACRES, JOHNSTOWN - Borders airport and golf 1.7 ACRES! Caroga Lake Colonial 4BR/1.5BA, fireBROADALBIN 22+ ACRES - Custom log home. BLEECKER CHALET - 65 acres! Unfinished, add your Deer, Deer! Off the grid hunting cabin in place deer course, 3BR, 1BA, attached garage, 2nd garage for car places inside & out. 1/2 mile to YOUR OWN E. Caroga 2BR/2BA, pond, very private! NO APA $249,900 stands, trails, all ready to go! $135,000 enthusiasts. Immaculate! $179,000 Lakefront Lot for boat dock! $159,900 MLS 222609 style! Trails. Woods. $115,000

Reduced

New

New

New

New

Immaculate Ranch - Johnstown Schools & City Water!

1 acre lot. 3BR/2BA, full basement, sunroom, attached garage w/add’l shed. Country setting minutes to town! 1020 ST HWY 10, Caroga - 2BR/1BA. All redone, even 117 Balsam - $135,000 - 3BR/2BA, walk to Lakeview Rte. 10 & Chapel Rd. - $45,000 - 2BR/1BA, corner lot. 158 Pinnacle Rd - $195,000 - 46 acres, 3-4BR coloAssoc. Beach. 2 garages. Lots of New. nial, new kitchen & bath, heated garage. Trails.

Deck to relax & enjoy lake breezes. $168,000 MLS 222913 central air.

BORDERS STATE FOREST

BORDERS STATE FOREST

$168,000 - SNOWMOBILE TRAILS! 4BR/1.5BA, tucked in $175,000 - NEAR LAPLAND LAKE XC & NORTHVILLE 2 LOTS. WATERFRONT CAMP Sleeps 12 on Mt. Lake is $128,500 CAROGA LAKE! Year round. Meticulous $189,000, QUIET & PRIVATE 150 FT LAKEFRONT E off the road. With DEEDED shared lakefront Lot on peace- PLACID TRAIL - Very private! Low taxes, deluxe off the motor friendly! Docks, furnishings stay! Make Offer! remodeling from the copper plumbing, new kitchen STONER 2BR/1BA Chalet. Fireplace, new kitchen & w/maple cabinets & new floors. MLS 222945 $133,000 MLS 201215491 ful W. Stoner Lake. MLS 201219669 bath. Dock stays! MLS 220803 grid 2BR/1BA year round home. MLS 215503

$159,000 - LAKE PLEASANT, STRATFORD - 95Ft. 128 KNOWLTON RD, FONDA - $90,000 - 3BR/1.5BA, $39,900 - 107 S. PERRY ST. - Less than a car! 523 W. MARKET ST., JOHNSTOWN - $89,900 - OWN THE POINT - $315,000 - Grand camp on E. Caroga, 4BR/1BA. 300+/- ft. waterfront. plenty of room, quiet street.

3BR/2BA, 1 car garage 3BR/1BA, wood floors, reinsulated! waterfront, western views. 2BR/1BA rustic cabin.

Come Play from these Caroga Lake Off Lake & Direct Waterfront Properties!

116 First Ave., E. Caroga . . . . . . . . . . . . . . . . . . . .$52,900 2525 St. Hwy. 10 E. Caroga Deed lakefront . . . .$159,900 127 Balsam Ave., W. Caroga . . . . . . . . . . . . . . . . .$78,000 208 N. Shore W. Stoner - Deeded Lakefront . . . .$168,000 131 Lakeview Ave., W. Caroga . . . . . . . . . . . . . . . .$84,900 224 S. Shore W. Caroga Waterfront . . . . . . . . . .$157,000 112 S. Shore W. Caroga . . . . . . . . . . . . . . . . . . . .$119,000 149 E. Shore W. Caroga Waterfront . . . . . . . . . .$200,000 118 Outlet Road E. Caroga . . . . . . . . . . . . . . . . . .$128,000 229 E. Shore W. Caroga Waterfront . . . . . . . . . .$179,900 118-120 Scott Rd., E. Caroga . . . . . . . . . . . . . . . .$110,000 LAND! Vacant Acreage & Lots AVAILABLE

118-120 SCOTT RD - $110,000 - 2 for 1! Yes 2 houses! 1 block to E. Caroga Assoc. Beach! 3 lots, bring all your friends to the lake this summer!

NEW LISTINGS: www.ADKSRealty.com

Page 16 • REAL ESTATE GUIDE • June 29, 2013

518-725-ADKS (2357)