March 17, 2011 011 11
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Committed to the continued growth, prosperity and quality of life in Nassau County E
• The right time to buy or sell • Finding a home: What is a buyer agency and why choose one • Staging a home for sale • The inspection process • Mortgages and what the interest rate means to you
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Carefree Living In Two Convenient Locations Nassau County
Home sales ready to rebound Real estate market springs ahead Now Previewing... New Model
By KAREN BLOOM
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Award-Winning homes, fully appointed with the finest designer finishes, resort lifestyle included.
Homes priced from $460,000 - $1.2 million* .FBEPXCSPPL 1LXZ &YJU . 4UFXBSU "WF t Open Daily 10am - 5pm
MeadowbrookPointe.com 516.843.7646 0HDGRZEURRN 3RLQWH LV D FRPPXQLW\ KRZHYHU XS WR RI KRPHRZQHUV FDQ QRZ EH as young as 48 years old. 7KH FRPSOHWH WHUPV DUH LQ RIIHULQJ SODQV DYDLODEOH IURP WKH VSRQVRU &' &' &' &' &' &' 0HDGRZEURRN 3RLQWH 'HYHORSPHQW &RUS *3ULFHV DQG DYDLODELOLW\ DUH VXEMHFW WR FKDQJH ZLWKRXW QRWLFH
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s we spring forward, the local real estate market is springing ahead. After suffering through the mortgage crisis and the Great Recession, real estate brokers on the south shore are optimistic that better days are ahead in 2011. Activity is picking up in the area, according to local brokers who express optimism that home sales are rebounding from what was – for most – a difficult 2010. “I’m seeing a lot more activity since the beginning of the year,� said Liz Wallace, broker/owner, along with Judy Hart, at Century 21 Sherlock Holmes in
Rockville Centre. “People have a renewed interest in buying right now. “ Wallace attributes the movement in the real estate market to a combination of pricing, low mortgage rates and increasing consumer confidence. “The consumer is feeling a little better now,� she said. Last year people who had jobs still weren’t sure if they would hang on to their jobs, now they are feeling more secure.� Especially those “first-timers,� eager to latch onto a piece of the American dream of home ownership. “We are seeing a real surge in first-time buyers,� Wallace reports. “People are able to get homes now that they were not able to afford previously.� And that has a “trickle up� effect. “We see sales move up as people sell to
Continued on Showcase Of Homes page 4
REST AND RELAXATION AT LAST!
Suffolk County
Semi-attached homes with world-class amenities set the new standard for sophisticated country living
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or the homebuyer who wants to sit back and enjoy. Here is an opportunity to buy a diamond quality Rockville Centre home. Completely remodeled over the past year, this home offers gourmet eat-in-kitchen with granite and cherry cabinets, 2 new bathrooms, beautiful banded wood floors, cof-
Homes priced from $423,000 - $558,000* -PDBUFE NJMF OPSUI PG UIF -*& FYJU t Open Daily 10am - 5pm
Roxbury Realty
MeadowbrookPointeLinks.com 631.696.0300 $ FRPPXQLW\ 7KH FRPSOHWH WHUPV DUH LQ RIIHULQJ SODQV DYDLODEOH IURP WKH VSRQVRU )LOH QR &' &' %HHFKZRRG 0LOO 3RQG %XLOGLQJ &RUS 3ULFHV DQG DYDLODELOLW\ DUH VXEMHFW WR FKDQJH ZLWKRXW QRWLFH
fered ceilings in LR and FDR, dual sided wood burning fireplace for LR and den, all new windows, new architectural roof, new CAC, Wallcoated exterior with full warranty, and lavishly landscaped yard with large brick patio. Many more features. Roxbury’s newest exclusive. Shown by appointment only.
Sheila Lawrence, Broker - Regina Hall, Broker 516-536-3530 www.roxburyrealtyrvc.com 454222
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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Schedule An Appointment To View Our Designer Models
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Home sales ready to rebound Continued from Showcase Of Homes page 2
OPENING THE DOOR TO HOME OWNERSHIP: Area brokers report increased activity in many neighborhoods throughout the south shore, citing renewed interest among buyers looking for homes.
MEADOWBROOK POINTE LINKS
those first-time buyers and then in turn buy a more expensive home themselves,” Wallace said. There is also an increase in activity for the fine homes, those in the $900,000 to $1,000,000 range, according to Wallace. “Wall Street had a better year, bonuses were good, and people are looking to spend.” Home prices are holding steady, according to Carol O’Leary, agent and office manager at Coach Real Estate in Rockville Centre. “Prices are stable, they are not dropping as much as in the past two or three years,” she said. “The market is stabilizing itself.” That means we are now seeing a “new nor mal” in ter ms of home values. “Price will hold steady. We will never see again what we saw before during the housing bubble,” O’Leary said. “What happened was an anomaly, and now we are getting back moderate price increases that will be slow and steady.” For both buyer and seller, this is a reality check. It is the well-priced homes that are currently selling. “Homes that are priced realistically will sell,” said O’Leary. “Those that are not will take longer to sell and have price reductions.” People are starting to be more realistic about pricing on both sides, said Hart, also a broker/owner at Century 21 Sherlock Holmes. “Things have settled to where they probably should be. It was such an inflated market. Now people are more realistic about pricing.” Like her fellow brokers, Hart expresses confidence that real estate here has turned the corner. “I’m optimistic,” she said. “In 20 years in these business I’ve seen a lot of markets and I think the worst is behind us. It’s been tough but we’re on the right track now.” Besides price, interest rates are a big lure. “Rates are low and will probably stay where they are, perhaps inch up,” O’Leary said. “These rates are causing people to get off the sidelines and make a move.” She notes that attendance at open houses has picked up in the past few weeks and expects that to continue. “Now is a great time to buy,” O’Leary said. “Rates are low and inventory is healthy.”
The rules have changed. Buying and selling real estate right requires a different approach with home values in flux and a complicated mortgage process. Here are some keys to maximizing your opportunity in today’s real estate market.
Buyers: ■ Focus on your credit score. “This is extremely important,” advises Judy Hart, with Century 21 Sherlock Holmes. “If you want to qualify for a good interest rate, you need excellent credit. Be aware.” ■ Down payment. Be prepared to come up with a down payment of 10 to 20 percent. FHA loans require less, but requirements are more stringent than with conventional loans. ■ Find a buyer agent. “When you are there as a buyer, you want someone who will represent you and work for you,” says Liz Wallace, also with Century 21 Sherlock Holmes. “You want to build a relationship and become close friends with your buyer agent.”
Sellers:
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uffolk County - Semi-attached homes with world class amenities set the new standard for sophisticated country living. All homes include designer appointed cherry cabinets, granite
■ Set a realistic price. “If you start at the right price, you will get what the market will bear,” says Coach Real Estate’s Carol O’Leary.
countertops, stainless steel appliances, basements, 24/7 manned gatehouse & 7,000 sq.ft. Clubhouse with resort amenities**. Homes Priced From $423,000 - $558,000*. Located 1 mile north of the LIE exit 65.
■ Select an agent carefully. “Absolutely interview an agent and see how the house will be marketed,” advises Wallace. “You’re a hiring someone to do a job and you need to able to trust that person.”
MeadowbrookPointeLinks.com
Open Daily 10am - 5pm • 1 Mile North of the LIE exit 65 631-696-0300 A 55+ community. The complete terms are in offering plans available from the sponsor. File no. CD09-0227, CD10-0058. Beechwood Mill Pond Building Corp.*Prices and availability are subject to change without notice. ** Future Phase. Suffolk County, 24 Hour Gated Community.
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Update those bathroom fixtures. A little change can go a long way when it comes to the look of your bathroom. Updating simple fixtures such as your sink and faucet can give any outdated bathroom style.
FIRST-TIME BUYERS can find good value in the current market, according to local brokers.
■ Show your home so it sells. Your home has to sell itself, your agent will not have luck selling a too worn house for what it could be worth. Make your house look good – clean and sparkling.
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Opening the door
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o your sister just introduced you to her friend Irving, a real estate agent, and now you can’t get rid of him, right? Wrong! Choosing the right person to guide you through the home buying process is a crucial step in finding the right home. Therefore, choose wisely and explore all your options. With so many agents out there, how can you make an intelligent decision? Do you choose a friend, neighbor or coworker? Should you work with an agent at a large firm, a small firm, a franchise, or an independent? The stress of making such a big financial commitment is a struggle for many homebuyers, whether they have purchased a home in the past or are doing so for the first time. One way to make the process a lot less anxiety-ridden is to work with a real estate agent you can trust. Those who have previously purchased a home might already have a strong relationship with a real estate agent. But for those moving out of their current location or buying for the first time, finding the right real estate agent requires some effort. Consider A Buyer’s Agent Find a buyer’s agent. Real estate agents are often affiliated with sellers instead of buyers. This means their primary goal is to help the seller and not the buyer. When shopping around for a real
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estate agent, ask companies about their buyer’s agents. Buyers should always have someone with their interests in mind, and not the interests of the sellers. “Buyer agents are becoming more commonplace,” says Nancy Achstatter, broker/owner of Home and Hearth Real Estate in Oceanside. “You have to understand that agents were traditionally about selling, now we have Generation X people coming in who say “I don’t want to be represented by people working for the other party. Who’s looking out for me?” That’s where buyer’s agent come in. A buyer’s agent has a fiduciary responsibility to negotiate for the buyer, will focuses on services that benefit you, the buyer, and is knowledgeable about the things that are important to a buyer. It’s not just a matter of deciding to represent a buyer rather then a seller. A buyer agent is uniquely qualified to act on the purchaser’s behalf. “Agents who specialize in buyer representation are educated in it,” explains Achstatter. “They have spent hours studying and receive one of two certifications, as a CBR (Certified Buyer Representative) or ABR (Accredited Buyer Representative, a national designation). These two designations mean they understand what it means to be a buyer agent. That means they are doing it properly.” Be sure to inquire about these desig-
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Choosing the right agent for a successful outcome
FINDING A TRUSTWORTHY and experienced real estate agent can help make the process of buying a home much less stressful. nations when choosing a buyer’s agent, Achstatter advises. Agent First, Then Property Find an agent first, then a property. Many times homes remain listed online or in “home for sale” brochures even if they are under contract or sold. These
homes are often luxurious and appealing to a wide array of prospective buyers, and some agencies use them to attract customers. While this isn’t a typical bait and switch, it is a way real estate agencies get customers in the
Continued on Showcase Of Homes page 6
Your New Home 8OnindLong Island With
CoachRealtors.com Whether you are buying or selling, ease your housing search using our user-friendly navigation system. The Coach Realtors web site contains over 30,000 Long Island homes and more than 200,000 property photos.
It’s all just a click away at:
www.CoachRealtors.com www. coachrealtors.com 454168
Serving Long Island for 50 Years
Choosing the right agent for a successful outcome door. It is important to find a real estate agent before looking through home listings. This allows the buyer to choose their agent based on merit and not due to the potentially glitzy houses he or she may have listed previously. Find someone with a track record. Real estate can be an exciting and financially rewarding industry in which to work. As a result, lots of people want to be real estate agents, even though few succeed and last a long time. When interviewing real estate agents, inquire about their history in the business. A more experienced agent will make things far less stressful and easier, and a long career indicates they are good at what they do. A real estate agent with a long history in the business will likely be a fulltime agent as well. Prospective buyers should look for a full-time agent, which is not as common as some buyers might think. Many agents work part-time, and buyers could receive less attention as a result. Don’t place too much emphasis on
agency size. Real estate agencies come in all shapes and sizes. When it comes to ability, the size of the agency should not factor in. A smaller independent agency can be just as qualified and reliable as one of the major franchise agencies. Buyers who find someone they trust should go with that person, regardless of how big or small their agency is. Get a referral. Friends and family members who have been through the buying process before might be great resources. Then conduct interviews. Before your hire an agent to represent you, interview at least three in person.
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Continued from Showcase Of Homes page 5
COURT PLAZA SENIOR APARTMENTS
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pacious apartments ranging in size from 650 to 850 Square Feet, with One Bedroom units renting from $1,136 and Two Bedroom units renting from $1,363. All prices include heat and hot water, and the Grounds Maintenance and Parking are also included.
There are two elevators in the building for easy access to all floors, a large community center on site to allow for a social atmosphere, and laundry facilities and a superintendant on site to keep life at Court Plaza Senior Apartments as carefree as possible. Housing Choice vouchers welcomed. Age and income restrictions apply.
A Wen Management Development 1 Hoppin Drive, Central Islip, NY 11722 (631) 232 -0802
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Little things mean a lot. Loose door knobs or cabinet pulls, sticking doors and drawers, wobbly hinges, stuck windows - all are negative factors. Take a few minutes to check and repair all these seemingly minor flaws, since they do detract from the value of your house.
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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C&L Plumbing Supply Inc. 196 Merrick Road, Lynbrook
516-599-6655
www.candlplumbingsupply.com
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Five Towns Mason Materials Inc.
453796
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Come Visit The Real King Of Mason! We Are The Largest Supplier Of Mason Materials On Long Island
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Ready to buy: Finding your way through the mortgage maze
SPACIOUS TWO FAMILY BEAUTY
By KAREN BLOOM
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his mint condition two family house offers a terrific investment opportunity, OR, the option to reduce your monthly mortgage payment from rental income. The spacious main floor is equivalent to a ranch-style home. There is a living room, dining room, and renovated kitchen. The master bed-
room has an adjoining bathroom with jetted tub and separate shower. Two additional bedrooms and bathroom complete the layout. Upstairs features a bright four room apartment. Relax on the mahogany deck and enjoy park-like surroundings. To view this special home, call Pam at 516-536-8100.
Coach Realtors
314 Sunrise Hwy., Rockville Centre • 516-536-8100
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Don’t be a drip. Fix leaky faucets; dripping water suggests faulty or worn-out plumbing; discolored, rust-stained sinks are also warning signs, so it all should be properly cleaned.
n today’s market, there’s much debate about what type of mortgage to get – a fixed or an adjustable rate– and the hurdles involved in achieving that approval. With stricter lending standards and rising mortgage costs, home buyers have a lot to think about. “The current process of obtaining mortgage financing has become more detailed and extensive than in recent years,” said Brad Knopf, senior mortgage consultant with Lynx Mortgage Bank in Westbury. “Guidelines are more stringent, including two years complete tax returns, a three month history of all assets, and increased credit score requirements. All income, assets, credit, and appraisal information is reviewed with a fine tooth comb by underwriting before issuing loan approvals. The need for an experienced mortgage loan originator to guide purchasers and refinance applicants through the process is greater than ever.” So what’s the good news? Mortgage rates, for one thing. “Current prices and interest rates are at or approaching historic lows,” Knopf said. “It is the perfect time for young families, first-time buyers and the like to find their dream homes this spring and summer.” For now, expect to see rates remain at current levels of 4.5 to 5.25 percent.
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“This is due to uncertainty in the Middle East, climbing oil prices and a slower than expected housing recovery.” The long term outlook, according Knopf, will mean “rates of 6 to 7 percent or higher over the next 12 to 18 months as mortgage giants FNMA and FHMC are phased out and government looks to play less of a role in insuring future mortgage loans. This will increase risk to lenders leading to increased mortgage rates to consumers." As a result, the rush is on to take advantage of the current rates. But be thorough and make sure everything is in order. “My advice to homeowners in the market is to go through a pre-approval process so that they know exactly what they qualify for and what their monthly payment will be and how much money they will need,” said Cristina Hoffman, regional diverse market manager, with Wells Fargo Home Mortgage. “Wells Fargo Home Mortgage offers the Priority Pre-Approval at no cost to borrowers which will give a customer the confidence to submit an offer knowing that their credit application has been approved and knowing exactly what their monthly payment will be and how much in assets they will need. This process can be done without choosing a property first, so it can help work out any kinks or issues encountered along the way before signing a c o n t r a c t t h a t w i l l h ave t i m e constraints.”
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designer for ideas to help improve your home’s appearance s Masonry Division – We’ll supply you with ideas and estimates for patios, outdoor fireplaces, stoops, driveways and walkways from concept to completion s Maintenance Division –Maintenance programs available: clean up, mulch, fertilization and pruning
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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Negotiate your best house buy
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MEADOWBROOK POINTE
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Keep your emotions in check and your eyes on the goal, and you’ll pay less when purchasing a home By G. M. FILISKO
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uying a home can be emotional, but negotiating the price shouldn’t be. The key to saving money when purchasing a home is sticking to a plan during the turbulence of high-stakes negotiations. A real estate agent who represents you can guide you and offer you advice, but you are the one who must make the final decision during each round of offers and counter offers. Here are six tips for negotiating the best price on a home. 1. Get prequalified for a mortgage Getting prequalified for a mortgage proves to sellers that you’re serious about buying and capable of affording their home. That will push you to the head of the pack when sellers choose among offers; they’ll go with buyers who are a sure financial bet, not those whose financing could flop. 2. Ask questions Ask your agent for information to help you understand the sellers’ financial position and motivation. Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell,
WHEN NEGOTIATING A HOUSE SALE, for every concession you make, ask for something in return.
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assau County - Now Previewing... New Model. Stunning new 2,054 Sq. Ft. floor plan features two bedrooms + office/den, two baths, master suite with spa bath, gourmet kitchen and formal dining room. All homes include designer appointed
MeadowbrookPointe.com
the lower your offer can reasonably go. 3. Work back from a final price to determine your initial offer Know in advance the most you’re willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale. Work with your agent to evaluate the
cherry cabinets, granite countertops, stainless steel appliances, basements, 24/7 manned gatehouse & 25,000 sq.ft. Clubhouse with resort amenities. Homes Priced From $460,000 - $1.2 million*.
516-843-7646 • Meadowbrook Pkwy, Exit M3 Stewart Ave. Open Daily 10am - 5pm Meadowbrook Pointe is a 55+ community, however, up to 20% of homeowners can now be as young as 48 years old. The complete terms are in offering plans available from the sponsors. CD05-0148, CD05-0450, CD06-0071, CD06-0484, CD07-0251, CD07-0261. Meadowbrook Pointe Development Corp. *Prices and availability are subject to change without notice.
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Safety first. Keep stairways and corridors clear and clean of clutter. In addition to being unattractive, clutter causes accidents. Light the way to savings and energy efficiency.
Continued on Showcase Of Homes page 11
ROXBURY REALTY The Boutique Experience is the difference!
MINT COLONIAL PROPERTY LOVER'S DREAM This is a meticulously kept home and is perfect for entertaining, A 4 BR, 2 Bth, Vintage Colonial features a fantastic vaulted family room overlooking expansive grounds and a 2 car garage. $649,000
MINT ENGLISH COLONIAL This spacious home boasts 3/5 BR, 2.5 Bth, gourmet EIK, formal dining room, living room with marble fireplace, 2 car garage and a charming front porch. The basement is newly renovated. $699,999
TRADITIONAL COLONIAL
OLD CANT. NORMANDY COLONIAL
FREEPORT- FABULOUS WATERFRONT PROP.
A sun-filled enclosed porch welcomes you into this immaculate home. This 3 BR, 2 Bth home features kitchen w/ separate breakfast room, overlooking deep property. There are many possibilities and is truly move in condition. Dont Miss This Great Buy. $520,000
This 3 BR, 3 Bth brick colonial would make any owner proud. A gracious sunken living room with gas fireplace, large dining room and oversized granite kitchen is perfect for entertaining. Outstanding oversized basement provides recreational space for all. Quality throughout. $999,000
This 5 BR, 2 Bth, features many gracious architectural details dating from a bygone era. Custom wainscoting, coffered ceilings, stone fireplace and magnificent 3 season enclosed front porch add to its wonderful charm. The house faces its own waterfront lot with dock on Randall Bay. Must see. $449,000
Sheila Lawrence, Broker Regina Hall, Broker www.roxburyrealtyrvc.com 516-536-3530 • 322 Sunrise Highway • Rockville Centre
453716
HARVARD AREA BEAUTY A sundrenched 4 bedroom colonial with 2.5 baths is situated mid-block on a very quiet street.The exterior is in mint condition, an updated EIK with family room overlooks deep property & 2 car garage. A walk up attic has many uses and lots of storage space. $729,000
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RENAISSANCE OCEANFRONT PENTHOUSE
ANNUAL SPRING SALE TUES. MARCH 22ND THRU FRI. MARCH 25TH 9AM-6PM SAT. MARCH 26TH 10AM-5PM *Sofas*Tables*Chairs *Ottomans*Curios *Pedestals*Mirrors *Fabrics*Tiling *Mantles*Vanities *Armoires*Lighting *Area Rugs*Accessories and so much more!
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irect Oceanfront Penthouse Unit in Luxury Condo Building. Dramatic South East Exposure. Spacious 3 Bedroom, 2.5 Bath Corner Unit Condo With Enormous 17’ X 35’ Private Terrace,
2 Parking Spots, 24 Hour Doorman, Indoor Heated Pool & Fitness Center w/Sauna. Fantastic Location Close To The Heart Of Town.
Topper Realty
516-889-6677 • www.topperrealestate.com
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Give your home “curb appeal.” When you’re trying to land a potential buyer for your home, landscaping can have a powerful impact on your success. Landscaping contributes to “curb appeal,” the first – and lasting – impression prospective buyers have of your home.
GRACIOUS LADY Contact us to reserve your place for…
DESIGN SEMINAR “Talking Trends, Colors & Concepts” Sat. March 26th, 11am-12pm or 2pm-3pm $20 per ticket or $15 each for 2, Call: 516-377-3440 for reservation Includes: Presentation, Q&A, Goody Bag, Godiva Chocolatier Add’l 5% off Sale Items and Free 1/2hr. Consultation with PS Micaza Interiors, Inc. Designer! (Consultation offer stands through 5/20/11 please contact showroom to schedule appt. at the DDC)
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tunning Turn of The Century Victorian Lovingly Restored With Impeccable Attention to Detail. This Home Boasts Original Custom Designed Hardwood Floors, French Pocket Doors, Period Stained Glass Windows and Traditional Victorian Moldings. The Main Level with Formal Entry, Parlor, Fireside
Dakota Design Center 1565 Merrick Road, Merrick NY 11566
Living Room, Sun Room, Formal Dining Room and Gourmet Chefs Kitchen make Entertaining on a Grand Scale a Breeze. This Home sits on Almost A Half Acre with Two Story Carriage House, Summer Kitchen and Heated Pool. Floor Plan and Video at www.century21sherlockhomes.com.
CENTURY 21 Sherlock Homes
(Just east of the Meadowbrook Parkway)
Liz Wallace - Broker/Owner 43 N. Park Avenue, Rockville Centre • 516-225-0960
Hrs. Tues.-Fri 9am-6pm, Sat.-10am-5pm, Mon. & evening hrs. by appt.
Ph: 516-377-3440, Fax: 516-377-3650 www.psmicaza.com e-mail: psmicazakb@optonline.net
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Dakota Design Center
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Cook up sales with a great kitchen. When prospective buyers view your home, they’ll pay special attention to your kitchen’s cleanliness, layout and storage capacity. That makes this the perfect time to reorganize your cupboards and drawers, get rid of unused items and give your kitchen a fresh, clean look.
Making the right impression
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Shores
Selling your home – from the inside out
O
Top Award Winning Producer
NATURAL SUNLIGHT pours into this bathroom while white millwork surrounding the window adds impact to the room’s design. dow treatment, install decorative corbels or brackets on either side of window tops and drape with lightweight fabrics. Tip #3 - Add a garden window above the kitchen sink. The window, which extends outside the home by 17 inches, is engineered to resist moisture and air infiltration. Once installed, grow herbs or starter plants in the window to showcase the versatility of this mini-greenhouse. Simonton Windows offers a garden window featuring a fusion-welded frame and sash, snap-in sill cover to resist water penetration and one-inch double-strength insulating glass. The one-piece unit installs quickly and can be used to showcase small collections or as a cozy, sunny spot for the family cat. Tip #4 - Play up your windows inside the home and turn them into pieces of wall art. To accomplish this, add a urethane window panel below a single or double Hung window and then surround the entire window and panel with decorative mouldings and a crosshead.
MINT
MINT/LEGAL 2
ADORABLE & AFFORDABLE
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Island Park Mint Split, 3 Bdrms, 2 Fbths, Great Location, Great House, Close to all, Not the Village - its the Town of Hempstead, Great Taxes Asking only $429K
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Negotiate your best house buy Continued from Showcase Of Homes page 9 sellers’ motivation and comparable home sales to arrive at an initial offer that engages the sellers yet keeps money in your wallet. 4. Avoid contingencies Sellers favor offers that leave little to chance. Keep your bid free of complicated contingencies, such as making the purchase conditional on the sale of your current home. Do keep contingencies for mortgage approval, home inspection, and environmental checks. 5. Remain unemotional Buying a home is a business transaction, and treating it that way helps you save money. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating. Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty.
If sellers won’t budge, make it clear you’re willing to walk away; they may get nervous and accept your offer. 6. Don’t let competition change your plan Great homes and those competitively priced can draw multiple offers in any market. Don’t let competition propel you to go beyond your predetermined price or agree to concession – such as waiving an inspection – that aren’t in your best interest. G.M. Filisko is an attorney and awardwinning writer who has to remind herself to remain unemotional during negotiations. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS(r).
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arden apartments with a beautiful park-like setting, with One Bedroom units renting from $1,115 and Two bedroom units renting from $1,330. All prices include heat and hot water, and the Groundskeeping
and Trash Removal are also included. There is abundant parking available, and a laundry hookup in each individual unit. Housing Choice vouchers are welcomed. Age and income restrictions apply.
A Wen Management Development 1400 Aldersgate, Riverhead, NY 11901 (631) 208-3845
HOME TIP P
Store and organize. Ample storage space is a plus, especially when it comes to garages and closets. Efficient closet structures can help keep your clothes organized and can save space.
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n the exterior of the home there are plenty of opportunities to make upgrades that help increase the curb appeal of your home, but what about the inside of the house? Once you get people in the door, what will be their first impression? “First views of the interior set the stage for either a positive or negative selling experience with potential buyers,” says broker Tania Moore. “In today’s competitive selling marketplace, owners need to use every option available to them to make their homes stand out. There are obvious things all sellers do, such as cleaning up the clutter and vacuuming. However, every home should have a few eye-popping ‘wow’ focus items that make potential buyers feel the home is special.” Fortunately for homeowners, the “wow factor” is easy to achieve by adding unique features to the home. Investing in some key focal accents in the home can make the difference between |a “cross off our list” experience for homebuyers and a “must have” memorable visit. “If I were showing a home that had an interior ‘wow factor’ I’m confident the sellers would be impressed,” says Moore. “One trick to selling a home is to add perceived value and style to the house that would bridge over to the buyer. Decorative millwork and accent highlights are a wonderful, yet inexpensive way to make both a positive first impression and a memorable, lasting impression.” Tip #1 - Install lightweight urethane ceiling medallions around ceiling fans and chandeliers to add character and warmth to rooms in the home. Available in more than 25 styles, these decorative two-piece medallions go up in minutes without removing electrical fixtures. Best of all, the medallions come with a white topcoat so that you can faux finish or paint them to accent any room. Tip #2 - Reduce the amount of ornate artwork and window coverings to create an open, airy environment in each room. Let natural sunlight flow through windows to enhance the interior of the home. For a distinctive, yet breezy win-
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
TINA ROSSETTI 516-749-6925
Projects that pay off Investment in home improvements gets results By DIANE SCHLINDWEIN
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FRONT DOORS add to your home’s curb appeal, which is crucial to selling your house. to pay for it, McClelland says. “If you have the savings to pay for the project, that’s great. But maybe that is not an option,” he says. “One choice is to look at the equity that you have in your home. Dividing the amount that you owe by the appraised value of the home will give you the loan-to-value ratio. Having that ratio at 20 percent or higher keeps you from paying private mortgage insurance. Any amount more than the 20 percent is what you can borrow against.” McClelland continues: “Once you know the percentage that you have to work with, you can look at taking out a home equity line of credit. This is the second loan on your property, which you will make a second monthly payment on until you sell your home to pay it back. Call your lender to get all of the details, because the requirements have changed in the past couple of years.” Mendenhall believes that homeowners who are thinking of remodeling and selling their homes should ask a Realtor for an opinion before doing a lot of updating. “Sometimes just changing a few things can increase or maintain the value of a home,” Mendenhall says. “Remember, realtors visit hundreds of homes a year and know what people in that market are looking for.” McClelland agrees. “Whatever you decide, look at all the options and talk to the experts so that you can make the best decision in maximizing the sale of your home.”
Please allow our friendly and expert staff to review your homeowners insurance. You owe it to yourself to make sure that you are protected from all potential hazards. We look forward to meeting all of your insurance needs. Homeowners Insurance
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n today’s housing market, many potential home sellers are wondering whether to update their houses before putting them on the market or to try to sell them “as is.” “As you have heard, remodeling and/or updating your home can be a big contributor in getting you the most money in the shortest amount of time when selling your home,” says Lee McClelland, an associate broker and mortgage loan originator. “Just remember not to put so much money into your home that you overprice it for your neighborhood.” Elizabeth Mendenhall, a sixth-generation Realtor, says home sellers should pay special attention to the exteriors of their homes. “Curb appeal is so important. What they see outside immediately will determine whether they want to go inside,” she says. “A new door is one of the best things a person can do to improve curb appeal,” says Mendenhall, who is vice president of committees for the National Association of Realtors. “A door is important – and a new coat of paint if a home doesn’t have siding. You want to make sure the garage doors work. Replacing windows makes a home energyefficient and is a good investment.” Mendenhall says exterior replacement projects typically pay off in the end. The same is true for updates to kitchens and bathrooms. “For example, the return on adding a sunroom is 48 percent, whereas the return on a minor kitchen remodel is 78 percent,” she says. Fresh paint and nice carpeting can also help sell a home. “Carpet and paint are easy things to do. Be sure to choose a color palette that people can identify with,” Mendenhall says. Historical homes will require different paint colors than modern homes. If you are trying to sell a home that was built within the past 10 years, you will be competing to grab the attention of buyers who are looking at brand-new homes. That’s when you need to make sure newly painted walls aren’t covered with a lot of framed artwork or family photos. “When buyers are going to be comparing an existing home with a new home, it is as if your home is being compared with a fresh canvas,” Mendenhall says. “You should know that.” If you have decided to move forward with a sizable project, be sure you know how best
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8 Verbena Ave. • Floral Park, NY 11001
COLONIAL CHARMER
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rick center hall colonial blends contemporary comfort with yesterday’s charm. Experience for yourself this 4 bedroom, 2.5 bath home, which boasts a complete surround sound system, gourmet kitchen and breakfast room leading to a generous family room with a gas fireplace. Formal living room
and dining room with butler’s pantry. There are sliding glass doors which open to a large travertine patio, perfect for outdoor entertaining. This home is convenient to the village and train to Manhattan, making it an ideal location for the discerning buyer. To view this special home, call Ann or Pat at 516-536-8100.
Coach Realtors 314 Sunrise Hwy., Rockville Centre • 516-536-8100
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HOME TIP P
A warm welcome. Take a close look at your front door. If it’s faded or needs repair, clean it, stain it or paint it. While you’re at it, do the same with the back door and garage door.
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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Liz Wallace
Kathy Durkin
Broker/Owner
Associate Broker
Virginia Eidt
Elise Kornberger
Roberta O’Connell
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
STAGING is more than just cleaning up, de-cluttering and making sure that appliances, plumbing and electrical service are in working order.
Judy Hart
Broker/Owner
Staging your home By G. M. FILISKO
T
he first step to getting buyers to make an offer on your home is to impress them with its appearance so they begin to envision themselves living there. Here are seven tips for making your home look bigger, brighter, and more desirable. 1. Start with a clean slate Before you can worry about where to place furniture and which wall hanging should go where, each room in your home must be spotless. Do a thorough cleaning right down to the nitpicky details like wiping down light switch covers. Deep clean and deodorize carpets and window coverings. 2. Stow away your clutter It’s harder for buyers to picture themselves in your home when they’re looking at your family photos, collectibles, and knickknacks. Pack up all your personal decorations. However, don’t make spaces like mantles and coffee and end tables barren. Leave three items of varying heights on each surface, suggests Barb Schwarz of www.StagedHomes. com. For example, place a lamp, a small plant, and a book on an end table. 3. Scale back on your furniture When a room is packed with furniture, it looks smaller, which will make buyers think your home is less valuable than it is. Make sure buyers appreciate the size of each room by removing one or two pieces of furniture. If you have an eat-in dining area, using a small table and chair set makes the area seem bigger.
4. Rethink your furniture placement Highlight the flow of your rooms by arranging the furniture to guide buyers from one room to another. In each room, create a focal point on the farthest wall from the doorway and arrange the other pieces of furniture in a triangle around the focal point, advises Schwarz. In the bedroom, the bed should be the focal point. In the living room, it may be the fireplace, and your couch and sofa can form the triangle in front of it. 5. Add color to brighten your rooms Brush on a fresh coat of warm, neutral-color paint in each room. Ask your real estate agent for help choosing the right shade. Then accessorize. Adding a vibrant afghan, throw, or accent pillows for the couch will jazz up a muted living room, as will a healthy plant or a bright vase on your mantle. High-wattage bulbs in your light fixtures will also brighten up rooms and basements.
Helen Esposito
Annemarie DeLuca Associate Broker
Quality Service Pinnacle Award 2010 Vincent Bonica
Richard Souto
Chuck Hoffmann
Patti Senita
Susan Gatti
Diane Romanelli
Janet Otis
Carol Warren
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Christine Matarazzo
Debbie Ford
Associate Broker
Jill Wishney
Scan To View Properties
Associate Broker
(516) 764-2601
43 N. Park Avenue, Rockville Centre
OCEAN HARBOR RANCH
6. Set the scene Lay logs in the fireplace, and set your dining room table with dishes and a centerpiece of fresh fruit or flowers. Create other vignettes throughout the home – such as a chess game in progress – to help buyers envision living there. Replace heavy curtains with sheer ones that let in more light. 7. Make the entrance grand Mow your lawn and trim your hedges, and turn on the sprinklers for 30 minutes before showings to make your lawn sparkle. If flowers or plants don’t surround your home’s entrance, add a pot of bright flowers. Top it all off by buying a new doormat and adding a seasonal wreath to your front door.
Buying a new home or comparing your existing policy let me help you protect your most valuable assets. New discounts available for your Home and Auto insurance. For more information, contact me today.
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Make your home warm and inviting to boost your home’s value and speed up the sale process
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ceanside, 4 Bedrooms, 2 Full Baths, Central Air Conditioning, Hardwood Floors, High Ceilings, Full Finished Basement, 1 Car Garage, Large Yard, Low Taxes! Great Home For A Growing Family. Motivated Seller! Asking Only $379K
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Polish off the basement. Rather than adding an additional room, it is more cost-efficient to remodel your basement. This adds value and usable space.
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pacious senior apartments available with One Bedroom units renting from $943, Two bedroom/1 Bath units renting from $1,125, and Two Bedroom/2 Bath units renting from $1300. All units have open floor plans with large kitchens, baths and closet space. Heat and hot water
are included, as well as Grounds Maintenance and Parking. There is a large community center and laundry facilities on site, for carefree living. Housing Choice vouchers are welcomed. Age and income restrictions apply.
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HOME TIP P
Love those big closets. We all love closets and you can make them look even bigger by having them clean, neat and well organized. Get rid of old clothes and cartons that take away from the spacious look.
SIMPLE TWEAKS can make your home more inviting.
Welcome home Give your house an inexpensive facelift
I
f you’re looking for inexpensive ways to freshen your home or smart tweaks to prepare it for sale, looks can be everything. Landscaping and curb appeal play major roles in making your house stand out and can help home sell quickly and at a good price. Since your home’s exterior is the first thing visitors see, an occasional face-lift is always welcome. Plus, exterior updates to homes often cost less than interior renovations and can yield greater returns on investment. Here are some ideas to get you started: De-clutter the front yard. Make sure
there aren’t toys, lawn ornaments or sports equipment in the driveway – they’re unsightly and dangerous. Also, a lighted path makes a home friendlier to visitors. Refresh that deck and outdoor furniture. While a deck or porch may not technically be part of your living room, it can be just as comfortable and welcoming. To increase its appeal, stain your deck and any other woodwork adorning the house. It’s essential that you first clean the wood to remove all dirt and mildew stains with a proper deck cleaner. Stick with more traditional stain colors, such as
Continued on Showcase Of Homes page 15
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
14
Give your house an inexpensive facelift Continued from Showcase Of Homes page 14
MAKE YOUR HOUSE stand out with a well-maintained lawn and pops of color.Plants and flowers add flair and are a cost-effective way to give some pizzazz to your home.
SOLD IN ONE WEEK.. DE MOTT ESTATES
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ne of the most prestigious landmark homes in RVC. Call our office and see how Roxbury Realty’s boutique experience can work for you in today’s market. Experience is the difference! One of a kind gem in De Mott Estates. This house is fit for the most discerning buyer including 6 generous bedrooms, 5 full plus 2 half baths. Gourmet kitchen w/ sep-
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
browns, reds and grays, and choose colors that complement your home’s existing features. You can also stain wooden fences and outdoor wood furniture, like Adirondack chairs and swing sets. Follow the same steps above clean the wood before staining – but consider a non-traditional stain color to give your home personality. “Pops of color can enliven a deck or porch area. Think of staining planter boxes, porch swings and picnic tables in fun colors,” said Susan Uram of Olympic Exterior Stain. “Many people only think of browns when they think of stain, but there are a vast array of stain colors to choose from that can complement any project.” Clean the windows from the outside. This helps make your home seem more welcoming and brighter. To cut time and elbow grease, consider using an extension pole cleaning system or specially-designed garden hose attachment.
A well maintained front door can make all the difference. Start by giving it a new coat of stain or paint and replacing broken or crooked numbers and worn hardware. Then move on to moldings, wooden supports and window shutters that may be peeling, working your way up to the whole exterior, if necessary. And don’t forget to place a new welcome mat at the front door. Unique additions can add contrast and character without major costs. Adding colorful shutters, for instance, can make windows appear larger and complement your home’s base color. Potted plants or lanterns on either side of the front door can also add flair. Pay attention to the details. You may also want to give that old mailbox and garage door a fresh coat of paint. After all, it’s the details that make the difference! Investing in your home’s eye appeal is always a good idea, whether you’re trying to trying to sell now or settle in for a lifetime.
15
arate oversized eating area, breakfast room, library and huge den with second fireplace and private guest suite. Property size 150’ x 196’ accentuating the garden and rolling hills. One of the finest homes in all of Rockville Centre. A Landmark Property, A Roxbury Realty Exclusive Listing Sold in One Week!
Roxbury Realty
Sheila Lawrence, Broker - Regina Hall, Broker 516-536-3530 www.roxburyrealtyrvc.com
HOME TIP P
Outside counts just as much as the inside. An inviting exterior is important because it entices prospective buyers to come into your home. Take a good look at your house. Is the paint peeling or chipping? Are your windows dirty? Is your lawn in need of trimming? The little things that you don’t really notice anymore can cause an otherwise interested buyer to turn away.
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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A Wen Management Development 1 Hoppin Drive, Central Islip, NY 11722 (631) 232 -0802
HOME TIP P
Little things mean a lot. Loose door knobs or cabinet pulls, sticking doors and drawers, wobbly hinges, stuck windows - all are negative factors. Take a few minutes to check and repair all these seemingly minor flaws, since they do detract from the value of your house.
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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Opening the door
S
o your sister just introduced you to her friend Irving, a real estate agent, and now you can’t get rid of him, right? Wrong! Choosing the right person to guide you through the home buying process is a crucial step in finding the right home. Therefore, choose wisely and explore all your options. With so many agents out there, how can you make an intelligent decision? Do you choose a friend, neighbor or coworker? Should you work with an agent at a large firm, a small firm, a franchise, or an independent? The stress of making such a big financial commitment is a struggle for many homebuyers, whether they have purchased a home in the past or are doing so for the first time. One way to make the process a lot less anxiety-ridden is to work with a real estate agent you can trust. Those who have previously purchased a home might already have a strong relationship with a real estate agent. But for those moving out of their current location or buying for the first time, finding the right real estate agent requires some effort. Consider A Buyer’s Agent Find a buyer’s agent. Real estate agents are often affiliated with sellers instead of buyers. This means their primary goal is to help the seller and not the buyer. When shopping around for a real
of
estate agent, ask companies about their buyer’s agents. Buyers should always have someone with their interests in mind, and not the interests of the sellers. “Buyer agents are becoming more commonplace,” says Nancy Achstatter, broker/owner of Home and Hearth Real Estate in Oceanside. “You have to understand that agents were traditionally about selling, now we have Generation X people coming in who say “I don’t want to be represented by people working for the other party. Who’s looking out for me?” That’s where buyer’s agent come in. A buyer’s agent has a fiduciary responsibility to negotiate for the buyer, will focuses on services that benefit you, the buyer, and is knowledgeable about the things that are important to a buyer. It’s not just a matter of deciding to represent a buyer rather then a seller. A buyer agent is uniquely qualified to act on the purchaser’s behalf. “Agents who specialize in buyer representation are educated in it,” explains Achstatter. “They have spent hours studying and receive one of two certifications, as a CBR (Certified Buyer Representative) or ABR (Accredited Buyer Representative, a national designation). These two designations mean they understand what it means to be a buyer agent. That means they are doing it properly.” Be sure to inquire about these desig-
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Choosing the right agent for a successful outcome
FINDING A TRUSTWORTHY and experienced real estate agent can help make the process of buying a home much less stressful. nations when choosing a buyer’s agent, Achstatter advises. Agent First, Then Property Find an agent first, then a property. Many times homes remain listed online or in “home for sale” brochures even if they are under contract or sold. These
homes are often luxurious and appealing to a wide array of prospective buyers, and some agencies use them to attract customers. While this isn’t a typical bait and switch, it is a way real estate agencies get customers in the
Continued on Showcase Of Homes page 8
Your New Home 8OnindLong Island With
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A Wen Management Development 1400 Aldersgate, Riverhead, NY 11901 (631) 208-3845
HOME TIP P
Store and organize. Ample storage space is a plus, especially when it comes to garages and closets. Efficient closet structures can help keep your clothes organized and can save space.
Real estate market springs ahead By KAREN BLOOM
A
s we spring forward, the local real estate market is springing ahead. After suffering through the mortgage crisis and the Great Recession, real estate brokers on the south shore are optimistic that better days are ahead in 2011. Activity is picking up in the area, according to local brokers who express optimism that home sales are rebounding from what was – for most – a difficult 2010. “I’m seeing a lot more activity since the beginning of the year,” said Liz Wallace, broker/owner, along with Judy Hart, at Century 21 Sherlock Holmes in
Rockville Centre. “People have a renewed interest in buying right now. “ Wallace attributes the movement in the real estate market to a combination of pricing, low mortgage rates and increasing consumer confidence. “The consumer is feeling a little better now,” she said. Last year people who had jobs still weren’t sure if they would hang on to their jobs, now they are feeling more secure.” Especially those “first-timers,” eager to latch onto a piece of the American dream of home ownership. “We are seeing a real surge in first-time buyers,” Wallace reports. “People are able to get homes now that they were not able to afford previously.” And that has a “trickle up” effect. “We see sales move up as people sell to
Continued on Showcase Of Homes page 9
Village Plaza Realty, Inc.
MEADOWBROOK POINTE
PHILLIP GREENBLATT Owner/Broker
141 Broadway • Malverne NY 11565
(516) 593-5455 www.villageplaza.com • info@villageplaza.com
Serving our community at the same location for over thirty years!
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assau County - Now Previewing... New Model. Stunning new 2,054 Sq. Ft. floor plan features two bedrooms + office/den, two baths, master suite with spa bath, gourmet kitchen and formal dining room. All homes include designer appointed
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516-843-7646 • Meadowbrook Pkwy, Exit M3 Stewart Ave. Open Daily 10am - 5pm Meadowbrook Pointe is a 55+ community, however, up to 20% of homeowners can now be as young as 48 years old. The complete terms are in offering plans available from the sponsors. CD05-0148, CD05-0450, CD06-0071, CD06-0484, CD07-0251, CD07-0261. Meadowbrook Pointe Development Corp. *Prices and availability are subject to change without notice.
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MALVERNE Cape, 8 Rms, 4 Brs, Fam Rm, 2 Bths, Lg Lot $359K
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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Ready to buy: Finding your way through the mortgage maze By KAREN BLOOM
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ALVERNE WESTWOOD TOTALLY RENOVATED CAPE COD features an entry foyer with a coat closet, a living room with a wood burning fireplace, a dining room, a brand new top of the line eat-in-kitchen with granite counters, cherry wood cabinets and top of the line stainless steel appliances, five bedrooms or four bedrooms and a den with sliders to the private yard, two new full baths, refinished hardwood floors on the main level, a full spotless basement
with a new washer and dryer, newer heating system and sheet rocked ceiling, a one car attached garage with a new door and a private driveway, lots of hi-hats, a front porch, SD#13 with your choice of Central or North High Schools, a newer roof, new windows a freshly painted interior and sided exterior and much more! This great home is located on a very quiet tree lined street that is walking distance to the Westwood Park and Westwood LIRR station! The asking price is $439K.
VILLAGE PLAZA REALTY, INC
141 Broadway, Malverne, NY 11565 (516) 593-5455
HOME TIP P
Don’t neglect the driveway. Driveways show how much you have cared for your home. It is one of the most used part of your house’s exterior, yet it is often one of the most neglected. Asphalt or blacktop driveways need to be sealed every two to three years depending on surface traffic, climate and wear.
n today’s market, there’s much debate about what type of mortgage to get – a fixed or an adjustable rate– and the hurdles involved in achieving that approval. With stricter lending standards and rising mortgage costs, home buyers have a lot to think about. “The current process of obtaining mortgage financing has become more detailed and extensive than in recent years,” said Brad Knopf, senior mortgage consultant with Lynx Mortgage Bank in Westbury. “Guidelines are more stringent, including two years complete tax returns, a three month history of all assets, and increased credit score requirements. All income, assets, credit, and appraisal information is reviewed with a fine tooth comb by underwriting before issuing loan approvals. The need for an experienced mortgage loan originator to guide purchasers and refinance applicants through the process is greater than ever.” So what’s the good news? Mortgage rates, for one thing. “Current prices and interest rates are at or approaching historic lows,” Knopf said. “It is the perfect time for young families, first-time buyers and the like to find their dream homes this spring and summer.” For now, expect to see rates remain at current levels of 4.5 to 5.25 percent.
of
“This is due to uncertainty in the Middle East, climbing oil prices and a slower than expected housing recovery.” The long term outlook, according Knopf, will mean “rates of 6 to 7 percent or higher over the next 12 to 18 months as mortgage giants FNMA and FHMC are phased out and government looks to play less of a role in insuring future mortgage loans. This will increase risk to lenders leading to increased mortgage rates to consumers." As a result, the rush is on to take advantage of the current rates. But be thorough and make sure everything is in order. “My advice to homeowners in the market is to go through a pre-approval process so that they know exactly what they qualify for and what their monthly payment will be and how much money they will need,” said Cristina Hoffman, regional diverse market manager, with Wells Fargo Home Mortgage. “Wells Fargo Home Mortgage offers the Priority Pre-Approval at no cost to borrowers which will give a customer the confidence to submit an offer knowing that their credit application has been approved and knowing exactly what their monthly payment will be and how much in assets they will need. This process can be done without choosing a property first, so it can help work out any kinks or issues encountered along the way before signing a c o n t r a c t t h a t w i l l h ave t i m e constraints.”
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
MALVERNE WESTWOOD
7
Five Towns Mason Materials Inc.
453796
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Come Visit The Real King Of Mason! We Are The Largest Supplier Of Mason Materials On Long Island
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SPACIOUS TWO FAMILY BEAUTY
Choosing the right agent for a successful outcome Continued from Showcase Of Homes page 3
T
his mint condition two family house offers a terrific investment opportunity, OR, the option to reduce your monthly mortgage payment from rental income. The spacious main floor is equivalent to a ranch-style home. There is a living room, dining room, and renovated kitchen. The master bed-
room has an adjoining bathroom with jetted tub and separate shower. Two additional bedrooms and bathroom complete the layout. Upstairs features a bright four room apartment. Relax on the mahogany deck and enjoy park-like surroundings. To view this special home, call Pam at 516-536-8100.
Coach Realtors
314 Sunrise Hwy., Rockville Centre • 516-536-8100
HOME TIP P
Don’t be a drip. Fix leaky faucets; dripping water suggests faulty or worn-out plumbing; discolored, rust-stained sinks are also warning signs, so it all should be properly cleaned.
door. It is important to find a real estate agent before looking through home listings. This allows the buyer to choose their agent based on merit and not due to the potentially glitzy houses he or she may have listed previously. Find someone with a track record. Real estate can be an exciting and financially rewarding industry in which to work. As a result, lots of people want to be real estate agents, even though few succeed and last a long time. When interviewing real estate agents, inquire about their history in the business. A more experienced agent will make things far less stressful and easier, and a long career indicates they are good at what they do. A real estate agent with a long history in the business will likely be a full-time agent as well. Prospective buyers should look for a full-time agent, which is not as common as some buyers might think. Many agents work part-time, and buyers could receive less attention as a result. Don’t place too much emphasis on
agency size. Real estate agencies come in all shapes and sizes. When it comes to ability, the size of the agency should not factor in. A smaller independent agency can be just as qualified and reliable as one of the major franchise agencies. Buyers who find someone they trust should go with that person, regardless of how big or small their agency is. Get a referral. Friends and family members who have been through the buying process before might be great resources. Then conduct interviews. Before your hire an agent to represent you, interview at least three in person.
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March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
8
9
Continued from Showcase Of Homes page 4
OPENING THE DOOR TO HOME OWNERSHIP: Area brokers report increased activity in many neighborhoods throughout the south shore, citing renewed interest among buyers looking for homes.
MEADOWBROOK POINTE LINKS
those first-time buyers and then in turn buy a more expensive home themselves,” Wallace said. There is also an increase in activity for the fine homes, those in the $900,000 to $1,000,000 range, according to Wallace. “Wall Street had a better year, bonuses were good, and people are looking to spend.” Home prices are holding steady, according to Carol O’Leary, agent and office manager at Coach Real Estate in Rockville Centre. “Prices are stable, they are not dropping as much as in the past two or three years,” she said. “The market is stabilizing itself.” That means we are now seeing a “new nor mal” in ter ms of home values. “Price will hold steady. We will never see again what we saw before during the housing bubble,” O’Leary said. “What happened was an anomaly, and now we are getting back moderate price increases that will be slow and steady.” For both buyer and seller, this is a reality check. It is the well-priced homes that are currently selling. “Homes that are priced realistically will sell,” said O’Leary. “Those that are not will take longer to sell and have price reductions.” People are starting to be more realistic about pricing on both sides, said Hart, also a broker/owner at Century 21 Sherlock Holmes. “Things have settled to where they probably should be. It was such an inflated market. Now people are more realistic about pricing.” Like her fellow brokers, Hart expresses confidence that real estate here has turned the corner. “I’m optimistic,” she said. “In 20 years in these business I’ve seen a lot of markets and I think the worst is behind us. It’s been tough but we’re on the right track now.” Besides price, interest rates are a big lure. “Rates are low and will probably stay where they are, perhaps inch up,” O’Leary said. “These rates are causing people to get off the sidelines and make a move.” She notes that attendance at open houses has picked up in the past few weeks and expects that to continue. “Now is a great time to buy,” O’Leary said. “Rates are low and inventory is healthy.”
The rules have changed. Buying and selling real estate right requires a different approach with home values in flux and a complicated mortgage process. Here are some keys to maximizing your opportunity in today’s real estate market.
Buyers: ■ Focus on your credit score. “This is extremely important,” advises Judy Hart, with Century 21 Sherlock Holmes. “If you want to qualify for a good interest rate, you need excellent credit. Be aware.” ■ Down payment. Be prepared to come up with a down payment of 10 to 20 percent. FHA loans require less, but requirements are more stringent than with conventional loans. ■ Find a buyer agent. “When you are there as a buyer, you want someone who will represent you and work for you,” says Liz Wallace, also with Century 21 Sherlock Holmes. “You want to build a relationship and become close friends with your buyer agent.”
Sellers:
S
uffolk County - Semi-attached homes with world class amenities set the new standard for sophisticated country living. All homes include designer appointed cherry cabinets, granite
■ Set a realistic price. “If you start at the right price, you will get what the market will bear,” says Coach Real Estate’s Carol O’Leary.
countertops, stainless steel appliances, basements, 24/7 manned gatehouse & 7,000 sq.ft. Clubhouse with resort amenities**. Homes Priced From $423,000 - $558,000*. Located 1 mile north of the LIE exit 65.
■ Select an agent carefully. “Absolutely interview an agent and see how the house will be marketed,” advises Wallace. “You’re a hiring someone to do a job and you need to able to trust that person.”
MeadowbrookPointeLinks.com
Open Daily 10am - 5pm • 1 Mile North of the LIE exit 65 631-696-0300 A 55+ community. The complete terms are in offering plans available from the sponsor. File no. CD09-0227, CD10-0058. Beechwood Mill Pond Building Corp.*Prices and availability are subject to change without notice. ** Future Phase. Suffolk County, 24 Hour Gated Community.
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Update those bathroom fixtures. A little change can go a long way when it comes to the look of your bathroom. Updating simple fixtures such as your sink and faucet can give any outdated bathroom style.
FIRST-TIME BUYERS can find good value in the current market, according to local brokers.
■ Show your home so it sells. Your home has to sell itself, your agent will not have luck selling a too worn house for what it could be worth. Make your house look good – clean and sparkling.
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
Home sales ready to rebound
Projects that pay off
MEDFORD LANDING SENIOR APARTMENTS
Investment in home improvement By DIANE SCHLINDWEIN
I
S
pacious senior apartments available with One Bedroom units renting from $943, Two bedroom/1 Bath units renting from $1,125, and Two Bedroom/2 Bath units renting from $1300. All units have open floor plans with large kitchens, baths and closet space. Heat and hot water
are included, as well as Grounds Maintenance and Parking. There is a large community center and laundry facilities on site, for carefree living. Housing Choice vouchers are welcomed. Age and income restrictions apply.
A Wen Management Development 500 Addison Place, Medford, NY 11763 (631) 696-1591
HOME TIP P
Love those big closets. We all love closets and you can make them look even bigger by having them clean, neat and well organized. Get rid of old clothes and cartons that take away from the spacious look.
n today’s housing market, many potential home sellers are wondering whether to update their houses before putting them on the market or to try to sell them “as is.” “As you have heard, remodeling and/or updating your home can be a big contributor in getting you the most money in the shortest amount of time when selling your home,” says Lee McClelland, an associate broker and mortgage loan originator. “Just remember not to put so much money into your home that you overprice it for your neighborhood.” Elizabeth Mendenhall, a sixth-generation Realtor, says home sellers should pay special attention to the exteriors of their homes. “Curb appeal is so important. What they see outside immediately will determine whether they want to go inside,” she says. “A new door is one of the best things a person can do to improve curb appeal,” says Mendenhall, who is vice president of committees for the National Association of Realtors. “And a new coat of paint if a home doesn’t have siding. You want to make sure the garage doors work. Replacing windows makes a home energy-efficient and is a good investment.” Mendenhall says exterior replacement projects typically pay off in the end. The same is true for updates to kitchens and bathrooms. “For example, the return on add-
ing a sunroom is 48 percent, whereas the return on a minor kitchen remodel is 78 percent,” she says. Fresh paint and nice carpeting can also help sell a home. “Carpet and paint are easy things to do. Be sure to choose a color palette that people can identify with,” Mendenhall says. Historical homes will require different paint colors than modern homes. If you are trying to sell a home that was built within the past 10 years, you will be competing to grab the attention of buyers who are looking at brand-new homes. That’s when you need to make sure newly painted walls aren’t covered with a lot of framed artwork or family photos. If you have decided to move forward with a sizable project, be sure you know how best to pay for it, McClelland says. “If you have the savings to pay for the project, that’s great. But maybe that is not an option,” he says. “One choice is to look at the equity that you have in your home. Dividing the amount that you owe by the appraised value of the home will give you the loan-to-value ratio. Having that ratio at 20 percent or higher keeps you from paying private mortgage insurance. Any amount more than the 20 percent is what you can borrow against.” Mendenhall believes that homeowners who are thinking of remodeling and selling their homes should ask a Realtor for an opinion before doing a lot of updating. “Sometimes just changing a few things can increase or maintain the value of a home,” Mendenhall says. “Remember, Realtors visit hundreds of homes a year and know what people in that market are looking for.”
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This Grand Center Hall Colonial beautifully set on a quiet street in the heart of Woodmere, features 3400 square feet of traditional living. House includes 6 BRs, 3.5 Bths and a huge granite EIK with a seperate butler's pantry. It boasts a LR w/ Fpl, FDR, and 2 sets of french doors leading out to a large patio. This house is on an O/S property with skylights, alarm system and full basement. Truly a mint condition gracious home that is priced to sell.
MARJORIE HAUSMAN REALTY CO INC. Serving The Community For Over 35 Years 650 CENTRAL AVE., CEDARHURST 516-569-5110 • www.hausmanrealty.com
454238
Please allow our friendly and expert staff to review your homeowners insurance. You owe it to yourself to make sure that you are protected from all potential hazards. We look forward to meeting all of your insurance needs. 452940
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
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11
COLONIAL CHARMER
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
B
rick center hall colonial blends contemporary comfort with yesterday’s charm. Experience for yourself this 4 bedroom, 2.5 bath home, which boasts a complete surround sound system, gourmet kitchen and breakfast room leading to a generous family room with a gas fireplace. Formal living room
and dining room with butler’s pantry. There are sliding glass doors which open to a large travertine patio, perfect for outdoor entertaining. This home is convenient to the village and train to Manhattan, making it an ideal location for the discerning buyer. To view this special home, call Ann or Pat at 516-536-8100.
Coach Realtors
HOME TIP P
454263
314 Sunrise Hwy., Rockville Centre • 516-536-8100
A warm welcome. Take a close look at your front door. If it’s faded or needs repair, clean it, stain it or paint it. While you’re at it, do the same with the back door and garage door.
C&L Plumbing Supply Inc. 196 Merrick Road, Lynbrook
516-599-6655
www.candlplumbingsupply.com
454191
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UNIFIED WINDOWS, DOORS, SIDING AND ROOFING
We he l T a Aremerci -Op o Comdo / C ts! r ConExpe
FULLY INSTALLED! Includes cart away of your old door!
3695 4295 1995 2495
SUPER SAVER!
Timberline 30 Year Architectural
CERTAINTEED
Fully Installed Including: 5 • STAR •Foil Backed Insulation Board Premium .044 Gauge and CONTRACTOR Thicker Center Locking Panels. •Various Lengths/ All Makes •100's Colors and Styles CertainTeed Teed Any Brand...Completely Brand...Completely Installed Installed with Certain •100's Colors and Styles Any with Insulation Insulation Board! Board!
FREE In Home Estimates
TM
All Showrooms Open 7 Days!
HEMPSTEAD N. WHITE PLAINS
299 Peninsula Blvd. 768 North Broadway (rt. 22) Hempstead, NY 11550 N White Plains, NY 10603
BROOKLYN•QUEENS BRONX www.uwds.com
HUNTINGTON
Full Financing with
GE Capital Solutions
PATCHOGUE
373 West Jericho Tpke. 298 Medford Ave. (rt.112) Patchogue, NY 11772 Huntington, NY 11743
(888) 631-2131•(516) 481-3000•(914) 358-9650•(631) 612-2510 BBB Memeber Metro NY Long Island. Some items not available in all areas. As of 11/01/05 $25 fuel surcharge will apply to each contract. Westchester Lic#WC-22934-H10 • Yonkers Lic#5208 • Putnam County Home Improvement Lic#PC5709 • NYConsumer Affairs#0856560 • Nassau#1761650000 • Suffolk#19279
H
452711
March 17, 2011 — HERALD COMMUNITY NEWSPAPERS — SHOWCASE OF HOMES
12 •FREE INSTALLATION•ALL PRICES ARE FULLY INSTALLED•FREE INSTALLATION•ALL PRICES ARE FULLY INSTALLED•