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Wednesday, January 24, 2007

Baby won't you park my car

parking2.jpgsitesA couple of the most often asked questions that I hear when showing properties are: "Where's the closest garage?" and "Do you have any idea how much they charge?" Here's a tool that can help answer those two questions with a great level of choice and details. NYC Garages helps find places to park your car on a monthly or daily basis, complete with maps and pricing. You can search by neighborhood, address, cross street, or even by attraction.

continued+

Wednesday, January 24, 2007

Market heats up as temperatures drop

shoes_sm.jpgheadroomAn informal survey of my colleagues today, revealed sustained, strong market activity since my last "shoe-leather" post a couple of weeks ago. More significantly, most agents reported receiving offers as well, so it is not all window shopping. I heard of a few multiple bid scenarios too.

Working agents see the market's momentum first hand. Attendance at open houses, and the number of offers tendered, give us a first reading of the market's temperature; and it's been feeling awfully warm as the weather outside finally gets colder. This is the second shoe-leather report on Open Houses and it will be a semi-regular feature here.

continued+

Wednesday, January 17, 2007

I'm expecting to recieve a nice bonus this year; can it be used to lower my monthly mortgage payment?

bonus2.jpgask_id.gifThe fast and easy answer may not make you too happy! With most existing loan programs, the answer is no. On most self-amortizing loans (each payment contains an interest payment and principal payment component – with sufficient principal payments to pay the loan off at maturity) – prepayments toward principal will shorten the term of the loan, and thus the amount of interest you will pay over the life of the loan.

continued+

Saturday, January 13, 2007

new listings: down-townhouse & up-townhouse

facadeid_sale.gifWe've got a couple here for both downtowners and uptowners. I'm pleased to highlight two new townhouse listings that represent unique value, in their neighborhoods. A huge, 25' wide East Village sanctuary listed at $4,995,000; and for only $1,850,000 a special home just north of Carnegie Hill. Both have charm and original details.

continued+

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