Downsizing can simplify life, whether you're an empty nester or looking to get into the tiny home trend. A smaller house means less upkeep, lower bills, and more time and money to do the things you love.
Bidding wars occur when housing inventory is low in a popular location. It occurs when two or more buyers are interested in the property. As a buyer, it's not advisable to rely solely on the seller's agent when you find yourself in a bidding war; you should have your own home-buying pro. Our real estate agents are ready to negotiate on your behalf to help you navigate this tricky process.
In today's competitive market, houses in all locations and price ranges are receiving multiple offers, and bidding wars are becoming a lot more frequent. Sometimes, a listing can be purposely underpriced to trigger a bidding war. One of the primary reasons longtime home searchers find it difficult to close on a home is because they end up outbid repeatedly.
Home garages are not what they used to be. Homebuyers expect the garage to have adequate space for parking one or two cars, storing tools and household items, building home projects, and pursuing hobbies. According to our real estate agents, buyers expect the garage to be a livable space in the home that serves multiple purposes.
In most newer home developments, the garage is attached to the house. This provides easy access to the house and added safety when parking the car, especially at night. The garage has become an important home feature that prompts home buyers to ask a lot of questions before making an offer on a property.
Real estate markets across the country are booming, with more buyers shopping than there are homes available in many markets. With homes selling so quickly, it's important to consider all options for landing the top choices on your list of potential homes. For buyers in a competitive market, an early offer can be an appealing option for trying to land a home before more buyers get the opportunity to make a bid. There are both positives and potential pitfalls to making an early offer, and our real estate agents are here to help you decide on the best options for purchasing your next home.
Pre-approval. It's the first step every homeowner should take before shopping for a new home. Our real estate agents recommend starting with this step because it helps narrow your search to homes within your price range. It also gives your offer added weight when you find the home you want to purchase. Whether you have excellent credit or a significant down-payment, getting pre-approved for a mortgage is a step you don't want to skip.
We are in a low inventory market, which means that sellers receive multiple offers for their homes. Many times the offers are above the listing price. As sellers consider their options, the knowledge you're serious about and can close the deal gives you an advantage. It also helps you know how high you can go if a bidding war erupts.
Real estate is a financial investment, but it's also an investment in the type of lifestyle you want to enjoy. There are advantages to purchasing a home, and there are advantages to buying a condo. Carefully weighing your options is the key to making the right choice for your future.
A house is more than just four walls and a roof that encloses a large space. It is also a yard, fence, and landscaping that you will need to maintain. And, unlike a condo, all of the maintenance is your responsibility. Unless you have an HOA, the advantage is that as the sole owner, you have full decision-making authority over how to maintain it and what you want to include in the landscaping. In general, you can expect to spend approximately 1 to 2% of the home's purchase price each year on maintenance. Further, if an HOA governs you, you will also need to pay HOA fees to maintain landscaping, parks, pools, etc. within the community.
If you're buying a home in a location that you can't readily commute to, video visits are a perfect way to get up close to a house you may not be able to see in person just yet. Video visits can help you narrow down options, or reduce the risks when you must buy a new home sight unseen. Our real estate agents are highly experienced in helping home buyers in a variety of situations, and we want you to make the best of your visits, whether virtual or in person. You should have a list of questions to ask about the homes you view; you can add these, or use them to start your list.
Laffey Real Estate Welcomes Gavilla to Huntington Office
Greenvale, NY – Laffey Real Estate recently announced the hiring of veteran real estate broker, Hector Gavilla to the position of Branch Manager of the Huntington Office, Laffey Real Estate's easternmost location. Gavilla is a Licensed Associate Real Estate Broker. He is responsible for the office's recruitment, productivity, and daily management of agent success and staff workload.
Gavilla comes to the firm with an extensive background in real estate. As a training instructor and realtor, Hector brings a valuable combination of mentor and agent into his management skill set. His hands-on coaching style and experience in the field has already produced results in the office he leads.
Upon introducing Gavilla to the management team, Donnamarie Chaimanis, President offered this about the appointment, "Hector is a great find and perfect fit for the team in Huntington. His almost two decades of real estate experience, local knowledge and marketing savvy is the trifecta of traits we are looking for in our branch leaders." She added, "We know Hector will be a valuable part of our team."
Gavilla owned and managed his own brokerage for nine years until selling to a competitor in 2019, where he stayed until making the leap to head up the Huntington Branch for Laffey Real Estate.
A resident of Huntington, Gavilla is active in Huntington politics. He serves on the Town of Huntington Affordable Housing Advisory Board, a committee of non-paid Huntington Residents appointed by the Huntington Town Board to make recommendations with respect to the administration of the Affordable Housing Trust and Agency Fund.
Laffey Real Estate, a leading residential real estate broker on Long Island, launched their Virtual Showing Platform in early April to much acclaim. The demand for virtual viewings is still strong. Visit Laffey.com/OpenHouse page to participate. Interested buyers can find homes to preview every Wednesday from noon to 1:00 pm via Facebook Premier and Laffey.com.
This is simple and safe home showings. Go to Laffey.com/OpenHouse page. Choose the property. Click on the Facebook Live button under the listing address. The open houses are scheduled in advance so the date and time is shown on the listing page as well. Visitors will be notified when they are registered and will receive a notification that their Virtual Open House is beginning. It is easy to explore open houses from a desktop, laptop and smart device.
The market is very robust. Nationwide, there was a 20.7 percent increase in existing-home sales — which includes single-family homes, townhomes, condominiums, and co-ops — between May and June of this year, according to the National Association of Realtors.
On Long Island, the number of pending sales spiked by 60.6% in Nassau County and by 55.6% in Suffolk last month, compared with a year earlier, OneKey MLS, the multiple listing service that includes Long Island, reported Thursday.
Prices increased in both counties. In Nassau, closed sale prices ticked up 1.1% annually, to a median $551,250, and pending sale prices rose by 6.4%, to a median $580,000. Suffolk County median closed sale prices jumped by 5.8% to $439,000 and pending sale prices rose by 8.4% to $450,000, the listing service reported.
In July 2020, the median list price of single family homes in Queens County, NY was $750K, and media sale price was $650,000; condos median list price was $638,000 and media sold was $530,000. Homes in Queens County, NY sold for 3.5% below asking price on average in July 2020
Combined with record-low interest rates and high rents, City dwellers are adding another element to the frenzied pace of available home buyers. The average interest rate was 2.96% last week, down 0.64 percentage points from a year ago, mortgage giant Freddie Mac reported Thursday.
"This method of engaging our customers have proven fruitful for everyone", explained Donnamarie Chaimanis, President Laffey Real Estate. "With Zoom, WhatsApp, Google Meets live streaming and showing appointments, the overwhelming number of buyers coming to our website requesting virtual showings and meetings has been awe-inspiring."
Since mid-April, during the height of the pandemic and beyond, Laffey Real Estate débuted more than 500 Virtual Open Houses reaching thousands of potential buyers across Laffey.com, Agent Websites and Facebook.
Laffey Real Estate is proud to be featured in the July 2020 Delta Media Group's industry publication, Real Estate Marketing and Technology Magazine, titled In A Town Full of Apples, Be the Orange. How Long Island's Laffey Real Estate Stands Out from the Competition.
An orange you might say? Well, frankly, yes! In terms of standing out, the metaphor works. Laffey Real Estate has made it their mission to be unique in both brand and business model.
if this pandemic has taught us anything, as a brokerage and as a society, it is that we have to learn to adapt. And, adapt quickly! Once the senior management team realized that the world as they knew it was coming to a screeching halt, they jumped in and, using Delta's Virtual Business Platform, began the training program that gave agents the tools to keep focused and help buyers and sellers once the world reset.
Laffey Real Estate is proud of the team that orchestrated the single most daunting responsibility in recent memory. How could they maintain a safe environment for the agents and employees while keeping the doors open for the clients and customers? Embracing the virtual platform was the answer. Using Facebook Premiere, Zoom, Google Meet and a great technology partner, the months following the shutdown were certainly difficult but the Laffey Real Estate agents didn't miss out on being able to 'get in front of' their sellers and work with buyers and renters alike.
Kudos Team Laffey!
Read the full article here --> In a Town Full of Apples...
When shopping for a new home, most buyers tend to think first about the location and maybe the size. But the layout of a home is one of the most significant parts of the homebuying process. From the shape and size of the home to the number of stairs and the distance between the living room and kitchen, the flow and layout of the home will impact your daily life. Choosing the perfect home layout requires careful consideration because you don't want to regret your choice or outgrow your living situation a few years down the road. To help determine which layout will work best for your family currently and in the future, here are some pro tips from our real estate agents.
New Realtors Are Welcomed
Greenvale, NY – Laffey Real Estate, a leading residential real estate broker on Long Island recognized the last class of 2019 with a formal graduation ceremony and luncheon at their corporate headquarters.
The Laffey Training Academy is the firm's flagship educational resource for real estate agents joining the firm. There is an extensive syllabus ranging from how to properly present offers, identifying personality types, utilizing the agent based lead management system, personal branding techniques, marketing tools and much more.
On hand to present the certificates was Philip Laffey, Broker Owner, and Bettie Meinel, Director of Career Development. In addressing the group, Philip commended the newest graduates on the completion of the immersive training program. "All of you in this room today have the opportunity to succeed. It takes perseverance and hard work but the rewards are quite substantial." He added that "this class was one of our most impressive. In doing a quick review, we found that there was already some very encouraging listing activity including a new to market, under contracts and a few offers. That is truly stellar."
Combined with the award winning Leading Real Estate Companies of the World® Certificate programs and the vast knowledge of the course instructors and corporate trainers, Laffey Realtors enter the market fully prepared.
Academy attendees benefit greatly from the collective knowledge of the energetic trainers comprised of senior leaders in the firm. These mentoring and coaching relationships extend past graduation day and into the daily lives of manager and agent.
The management team wishes all 2019 Training Academy graduates a successful 2020.
Pictured from left to right:
Back Row: Philip Laffey, Manny Rodriquez, Eliott Willis, John Bekiaris, Serge Siena, Sandeep Kumar, Jesse Raspler, Josh Kerben, Robert Strohl, Richard Weiss
Middle Row: Bettie Meinel, Regina Williams, Alyssa Bonilla, Paula Kyriacos, Melissa Roger, Melody Richman, Jacqueline Clancy, Mohammed Khan, Frank Castelli, Pauline Conti, Linda Michael
Third row: Cathy M. Poturny, Neshrita Shrestha, KumKum Majumdar, Diane Leyden
Gated communities offer many amenities for homeowners. From added security to guest services, to shared facilities like pools or tennis, a gated community adds that "something extra" to suburban living. While all of these communities offer different bonuses compared with standard street housing, not each community will have the same offerings. Our real estate agents offer the following advice to help you know what to look for when buying a home and to choose the right community for yourself and your family.
For some communities this may be a simple physical gate with a key or code, in others, this may consist of a robust security system including a staffed security guard. There are benefits and drawbacks to each type of security. If security is simply an automated keypad, this will be less difficult to breach, but personal security may instead be more expensive. Either type of security has a shared safety advantage. However, less traffic in the area means a reduced risk of accidents for both cars and people, as well as less stranger-based vandalism or theft.
Student loan debt is frequently cited as one of the most common reasons that younger generations postpone buying a home, but don't let that stop you from shopping! While it's true that student loan debt can have an impact on the purchasing process, it's far from an insurmountable hurdle.
By taking the time to clean up your credit, investigate assistance programs, work on your debt-to-income ratio, and get pre-approved for a mortgage, you can put yourself in position to purchase a home. Our real estate agents know what it takes to buy a home, and we've got the details on how to navigate the process when you have student loan debt.
As first-time home buyers enter the Long Island real estate market, finding a new home is more of a challenge than they initially expected. Often, house hunters start their search with a "wing it" mentality. That's not always the best way to approach such a significant purchase in your lifetime.
Today, our real estate agents break down seven habits successful home buyers have in common so you can start your adventure in homeownership on the right path.
When it's time to sell your Long Island home, you know you need to get it shaped up and ready to shine. Your first concern should be curb appeal, or how appealing your home is to a potential buyer driving by. Some experts even say good curb appeal can help you get 10% more in the final price.
You might think of asking a friend to give you an assessment of how your home looks. Make sure you get the honest friend; not the one who tells says you look great after that awful haircut.
Our REALTORS® offer these six tips of where to start to make your curb appeal pop:
National Love Your Pet day is coming up on Wednesday, February 20th. Just like you, our real estate agents at Laffey Real Estate love their pets. Whether you're a dog person, a cat person, or anything else, there's one thing we all agree on: Pets are part of the family!
With that in mind, it's vital to take steps to keep them safe and comfortable while you move.
Moving day is an exciting time, but it can be stressful – to pets as well as people. The noise, confusion, and movement can lead to unexpected behavior from overstimulated animal friends. By taking a few quick steps early on, you can make the process more peaceful for your pets.
Let's look at seven quick tips for moving with your pets:
Are you thinking about buying your first home? This is one of the biggest steps you'll ever take.
If you haven't yet found your dream home, our real estate agents can help you along the way. Before you can call that home your own, however, you'll have to pay for it. If you're like most people, that means working with a lender to take out a mortgage.
Although applying for a mortgage requires some effort, it's really not that difficult. These seven steps will help keep you organized and increase your chances of a fast approval.