North Shore Homes - March 23, 2023

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631.331.3600

Deer Park Meticulously maintained Ranch Style home w/3Br & 1 FBth w/Electric Skylight. Lovely corner lot w/ fully fenced backyard w/Lg Deck, Gazebo and Hot tub. Lg basement w/tons of potential. Recently updated Roof, Siding and Windows. Shed, 1 Car Gar. ML#3462367

Sound Beach Charming 1Br, 1FBth Cottage set back o the road on tranquil dead end street. New Wide plank Vinyl Flooring, Vaulted Ceilings throughout, recessed lighting & tons of natural light. New Carpet in Br, Updated Bth. Kitchen w/New Refrigerator, Private patio o Kitchen. Un nished Bsmnt w/Washer Dryer hook up & additional storage. Updated Roof & Heating System. ML#3456409 $265,000

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Mount

Middle Island Spacious 4Br, 2.5FBth Colonial in Golf Course Estates on shy, fully fenced ½ Acre. Great yard for entertaining w/IG Heated Saltwater pool. Paver patio & two Pavilions for shade. EIK w/SS appliances. Formal LR w/French Doors, Lg Family Rm, w/Fpl, & FDR. Primary Suite w/New FBth on 2nd Flr. 2 Car Garage w/Belgium Blk. ML#3460794 $650,000

631.331.3600 coachrealtors.com HERE YOU CAN

ACKER/POULOS TEAM Leading Edge Award

TEAM PATEL Gold Award

LISA GODT President’s Circle Award

Stony Brook | $550,000 | #3464883

Framingham Farm Ranch- 5 bedroom 3 bath

ALEXIA POULOS

Licensed R.E. Salesperson 300 Main Street, East Setauket O: 631.246.7877 | C: 631.457.3262

alexia.poulos@elliman.com

CAROL ACKER

Licensed Associate R.E. Broker 300 Main Street, East Setauket O: 631.751.600 0 | C: 631.404.2460 carol.acker@elliman.com

elliman.com

110 WALT WHITMAN RD, HUNTINGTON STA, NY, 11746. 631.549.7401 © 2022

elliman.com/longisland

DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT N OTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

FOR THE NYS HOUSING DISCRIMINATION DISCLOSURE NOTICE & FORM. 110 WALT WHITMAN ROAD, HUNTINGTON STATION, NY 11746. 631.549.7401 © 2023 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY.

©134720

Frequently Asked Questions

Home buying doesn’t have to be a confusing jumble of terms and jargon.

Real estate transactions can seem more complicated than they really are if you don’t understand how they work.

There are lots of decisions to be made, and lots of paperwork to read and sign. But in the end, your closing will come down to a few critical elements that are somewhat complex, but very common.

INTEREST RATES

You will be provided with two numbers from a lending institutions when you secure a loan: an interest rate and an annual percentage rate, commonly referred to as an APR. The interest rate is the amount you pay annually in order to borrow. The APR is everything else that added to your principal, including points and mortgage broker fees, among other

things. Buying points allows a buyer to pay more upfront in order to get a better interest rate, and thus lower their monthly payments.

TITLE COMPANY

The title company works as an intermediary between the seller and the buyer, gathering legal documents and recording them to ensure that the property title has no easements or liens. They also hold escrow money, file the deed with local government officials and oversee the signing of everything by both parties.

CLOSING COSTS

Closing costs run about 3 to 5 percent of the property’s total cost, along with fees charged by the assessor and lender appraiser. The cost also include title service fees, that account for title search, title insurance policy premiums, and other title company costs. The final total also includes processing fees for the lender, prepayment

of insurance, property tax and mortgage insurance, home owner association fees, any charges for credit reports, and any other additional processing fees. These costs are typically paid at closing, though prospective buyers can negotiate for the seller to pay. Just be aware that the overall cost of the purchase may increase.

MORTGAGE INSURANCE

Private mortgage insurance, or PMI, helps lower a lender’s risk when a potential homeowner puts down less than 20 percent for their down payment. Those who can’t afford to meet the full down payment are considered higher risk borrowers. Rates for this insurance are set based on credit scores and the down payment amount, but the number is a percentage of your loan. The bill comes due monthly. PMI is typically required for USDA and FHA loans.

What Influences A Home’s Value?

8 critical factors:

➊ Neighborhood comps

➋ Location

➌ Home size and usable space

➍ Age and condition

➎ Upgrades and updates

➏ The local market

➐ Economic indicators

➑ Interest rates

Making the Best First Impression

They love the location, now seal the deal with smart staging.

The more you help a prospective buyer picture themselves in your home, the easier it will be to sell.

That’s where careful arrangement of furniture helps create room defining first impressions. If you put some thought and value added investment in these decisions, you might even get a higher offer.

Here’s a look at how staging pays off, with valuable tips on how to make the most of the space your home already has.

WHY IT WORKS

Staging has been shown to shorten time on the market, according to the National Association of Realtors. They found than as many as half of surveyed agents said staging impacted their client’s purchasing decisions. More than three quarters

agreed that it helped people imagine the place as their own, according to a study by the Trulia real estate website.

LIGHTING AND CLUTTER

Decluttering and keeping a sale property spotless for buyers while you’re living there can be difficult, but the time and effort are well worth it. Pay close attention to the bathrooms and kitchen, while the rest of the house is kept tidy, dust free and vacuumed. Box up and store personal items elsewhere in order to free up space, in particular in closets. Open curtains and blinds before each showing, and turn on as many lamps as possible. Buyers are looking for bright, airy spaces – and light makes the spaces look larger.

ROOMS AND FURNITURE

If you can’t stage every room in your home, focus on key areas. The National Association of Realtors recommends focusing on the living

room, kitchen and main bedroom to get the most bang for your buck. Arrange furniture in a way that maximizes the rooms usability. That may mean removing one or more pieces, so the space doesn’t seemed crowded. Store them away until you’re ready to move. Some sellers even rent furniture in order to give rooms a modern new look. You may even get some ideas for your new home!

INSIDE AND OUT

The best staged homes add little touches like fresh flowers or fruit. Some people even bake cookies or brownies. But remember buyers will see the exterior of the home first, so don’t forget to polish up the outside, too. Power wash the driveway and clean windows, as needed. Keep greenery and lawns well trimmed, and make sure any outdoor furniture is attractively arranged, clean and neat.

©ADOBE STOCK

The Reality of Fixer Uppers

You might have found a diamond in the rough, or a money pit

Home-renovations shows have made this seem like a breeze, but there are serious considerations.

These are amazing opportunities to customize, to modernize and to hopefully turn a rundown or outdated property into a show stopper. But cost overruns can eat into any profits you may have gotten when you one day sell. Even if you decide to stay, the process itself could be very taxing.

How do you sort through it all? Ask yourself some of these very important questions.

DREAM HOME OR MONEY PIT?

You’ll commonly hear a recommendation to purchase the worst house on the best block when looking for a fixer upper. It’s easy to picture the renovation turning

into your dream home in a great neighborhood – and a valuable flip. But consider how much work you’re willing to take on before your purchase. Sometimes the worst house will turn into a money pit, no matter how attractive the location may be.

Begin by setting a renovation budget, then consult with an inspector to learn if the needed fixes fit within those parameters. Addressing structural issues, wiring and plumbing can quickly add up –and all of those things go unseen. You’ll still have to polish up the living areas on the other side of the walls.

UPDATING OR STARTING OVER?

Some properties are simply in need of some tender loving care. Experienced do-it-yourselfers with key restoration skills might be able to personally take over these kind of low level jobs. In fact, if there

are no substantial required projects, you may even be able to live in the property while it’s being worked on. But should your inspector report back with more extensive issues, your patience and personal budget may be severely tested. They may require you to remain offsite until the property is in a more livable condition.

OPTIMISM VS. PESSIMISM

Everyone should go into these situations with a certain amount of optimism – after all, you’re creating an exciting new space. But at the same time, it’s important to be realistic about how these things unfold. Follow the advice of your financial advisor on what you can afford, and the inspector on how big this job could become. Check references and the Better Bureau before hiring a contractor. Don’t pay for unfinished work.

The number one brokerage in New York

Nissequogue Magni cent Col w/ Country Club yard, 2.04 acres, cul-desac. Meticulously renovated over the years. Co ered ceilings. Hdwd rs. LR w/fplc. Renovated Kit. 6 Burner Viking Stove. A Guest Br w/ensuite. Finished basement w/2 separate gym spaces, entertainment area, o ce, full bath. Too much to list! ML#3446425 $2,699,000

East Setauket Commercial. Excellent Investment or Owner Occupied Opportunity! Award Winning, Free Standing 5800 sq ft Professional O ce/Medical Building. O 25A. Ample Parking. Minutes to Stony Brook Univ. & Hospital, JT Mather Hospital, St. Charles Hospital. Low Maintenance. Close to Major Highways. ML#3456980 $2,500,000

Port Je erson Beautiful home in a tranquil setting o ers an amazing lifestyle opportunity featuring all Port Je erson Village amenities. Home’s exterior renovated 2018. 5 Br, 3Ba. Oak rs throughout. Updated baths. Primary Br with en-suite bath, WIC., New furnace 2021. Full un nished. basement 2 Car garage. ML#3462521 $689,000.

Setauket Opportunity awaits! Charming Bracken built 3 Br, 2 Ba.home features a lovely oor plan and boasts hard wood oors throughout. Partially n. Full basmnt. IGS, Wood burning. Fplc. Flat .36 acre. Near Stony Brook Univ/ Hospital, LIRR, West Meadow Beach. 3VSD. ML##3461731 $$639,000

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Stony Brook Beautiful 5 BR

Stony Brook home located in the Soundview Beach Association. Private beach w/ pavilion for parties/baseball eld/ kayak storage and boat launch. This is a must see of you are looking for a private beach community. Beach Association fees $1,200 annually. ML#3456360

$799,999

Westhampton Beach Rental - See Schedule. Rental - May 26-June 25, $20,000. Memorial Day to Labor Day $50,000, July 1- Labor Day $40,000, August-Labor Day $25,000, July only $25,000, June only $15,000. Spacious 2Br 2Bth Dune Road bayfront. Recently renovated. Views of Moriches Bay. Ocean and bay beach access, chair rack on beach; 3 tennis courts, bay and ocean heated pools Walk to town. ML#3452716

3 BA

Old Field A triumph of Contemporary design! This 3-4Bed,4.5Bath home has been carefully remodeled into a unique property. Exceptional entertaining spaces, chef’s Kit/w Center island, master suite & luxurious bath, 2 Fireplaces, deeded beach rights, cul-de-sac. Enjoy the 2.5 acres of private and tranquil property.

ML#3451039

The Number One Brokerage in New York

Old Field Spacious updated 4 BR Ranch with access to private beach, HW oors, Andersen windows, skylites, oversized 2 car garage, full basement partially nished,3V schools, close to Stony brook Univ. ML#3422211

$950,000

Sound Beach Over 100 feet of waterfrontage, brand new bulkheading and a solid vegetated cli . Open oor plan with waterviews from most rooms. 1st oor bed, 2nd oor master with waterfront balcony. Hwd. rs, FPL, 4 season rm.,full n. Bsmt w/wet bar & full bath. Scotts Beach is a private gated community with 5 Acres of private beach. ML#3457289 $925,000

Mt Sinai Condo. New Gourmet EIK with top of the line SS appl., Granite countertops w/quality cabinetry. Upstairs is completely nished with two large bdrms. & full bath, Main level: master suite w/ master bth. Front Den makes a perfect o ce or Guest suite w/full bath next to it, Beautiful ooring, detailed moldings through out. ML#3458688 $749,000

Rocky Pt Renovated in 2020 Enjoy amazing Waterview’s without the headaches of bulkheading. Top of the line appliances, New Quartz Cou. tops. New Kitchen & Baths. New Roof, siding and windows, New Propane on demand Heat/Hot Water, Radiant heat through out, CAC, Large paver patio. ML#3455285 $659,000

Stony Brook Split level with 4 bdrms. 3 bths. Newer Burner and newer above ground Oil Tank, 200 amp Electric with back up auto Generac generator. All hardwood oors, enclosed 3 season porch and a two car detached garage. Large walk up attic. Bsmt. has an inside entrance. ML#3457290

$625,000

Lake Grove 2 BR- 21/2 Bath Condo. 1st Floor Mstr. Bdrm. w/Large Bth, Beautiful kitchen. FDR, LR w/Large Windows Cathedral Ceilings, Central Air w/Humidi er, Gas Heat, Washer/Dryer, 1 Car Garage Attached. Clubhouse w/Kitchen & Billiards, Gym, Sauna.

ML#3454082 $625,000

E Setauket Lovely Three Village Center Hall Colonial with 4+ bedrooms, 3+ full baths, newer roof, hwd. ooring, gas heat and cooking, nished basement, CAC and 2 MiniSplit systems for basement and two car garage. Beautiful wood deck o the EIK to a private fully fenced yard. ML#*1416373 $599,000

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Sound Beach Colonial w/4 bdrms, hwd. oors throughout. Beautiful Kitchen with Top of the line SS appliances. Beautiful updated Baths w/radiant heated oors, CAC. Full part n. Bsmt. Back yard with 18x30 inground pool w/waterfall and outside Kitchen. ML#3458690 $599,000$625,000