By law, real estate professionals cannot fill out any sellers’ home disclosures unless the agent is the seller or a party to the transaction. If your agent can’t tell you, ask a lawyer if you need to sign every disclosure handed you. Every state has its own laws regarding disclosures, so the forms will be […]Read More What Should Sellers Disclose to Home Buyers?
So you want to be a snowbird… If you’re entering your retirement years, you may be considering buying a second home in a warmer (or cooler) clime. Perhaps your goal is to escape the winter weather. Or, maybe you want a home nearer to the grandkids. Whatever your purpose for wanting that second home, here […]Read More The Lure of the Snowbird Lifestyle
Current Market Report: Hamburg Commercial Real Estate August 29, 2016 There are 22 active listings; the average list price is $296,624, and prices range from $10 per square foot to $1,275,000 There is 1 pending/under contract sales, and in the past 30 days there has been no closed sale Year to date, there have been 5 closed sales; […]Read More Hamburg Commercial Real Estate – Market Report
Home Ownership vs. Renting Those looking for a place to rent may consider these increases in rental costs a disadvantage but if you’re in the market for a home, this may be a better time than ever. The influx in rental costs may transform renters into home buyers based on the costs and benefits owning. […]Read More Home Ownership vs. Renting
Is this a good investment property? I hear that many times. Think about it. How many times have you seen a run down vacant property in Western New York and thought that would be a good investment? But if you never have invested before how does one know?
Let’s talk about that Good Investment. How much profit you should allow whether you are buying a fixer upper or buying an investment property that is already rented or ready to rent or sell in Western New York. There are many factors that go into deciding if a property is a good investment or not. Don’t forget the most important thing to remember LOCATION! LOCATION! LOCATION!
No matter how you calculate it, there is something you need to remember. They all have one thing in common. It is an old computer term called GIGO or garbage in – garbage out. Why is this important to you? Well it will do you no good if you are analyzing the wrong numbers in your Western New York Investment property.Read More Is this a good investment property?
Current Market Report: North Tonawanda Commercial Real Estate August 12, 2016 There are 7 active listings; the average list price is $321,862, and prices range from $2,137 to $997,000 There are 2 pending/under contract sales, and in the past 30 days there have been no closed sales Year to date, there has been 2 closed sale;average sold price was $112,500 […]Read More North Tonawanda Commercial Real Estate – Market Report
It’s one of the hottest trends in real estate market today – buy a house, quickly fix it up then turn around and sell it for a huge profit. There is great potential to make incredible profits here in Western New York. Every day we speak with potential property flippers and those interested in rehabbing […]Read More How to Have a Successful WNY Real Estate Flip
[idx-platinum-widget id=”1875-48628″ ] There are many types of commercial leases: gross lease, net lease, percentage lease, ground lease, index lease and graduated lease. A gross lease is very simple. The tenant pays a set amount of rent and no other expenses associated with the property. The landlord pays all taxes, insurance and any other expenses […]Read More Types of Commercial Leases
Current Market Report: Erie County Commercial Real Estate June 28, 2016 There are 283 active listings; the average list price is $244,054, and prices range from $4 per square foot to $4,000,000 There are 50 pending/under contract sales, and there have been 4 closed sales in the past 30 days; the average sold price was $686,333 after an […]Read More Erie County Commercial Real Estate – Market Report
Current Market Report: Tonawanda Commercial Real Estate May 24, 2016 There are 24 active listings; the average list price is $208,241, and the prices range from $490 per month to $585,000 There are 6 pending/under contract sales, and there have been no closed sales in the past 30 days Year to date, there have been two […]Read More Tonawanda Commercial Real Estate – Market Report