Get new listings emailed daily! SIGN UP LOGIN

Articles Tagged "Mortgage"

Laffey Knows Long Island Living Home

Agent Promotion | 3 Posts
Agent Spotlight | 3 Posts
Awards | 3 Posts
Laffey Knows | 160 Posts
Market News | 1 Posts
Outside the Box | 23 Posts
Recognition | 2 Posts

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Things to Do | Historic Homes | Transportation | Laffey Real Estate | Long Island Real Estate | Suffolk County | Nassau County | Historic Landmarks | Montauk Lighthouse | Buy Luxury Home | Luxury Living | Luxury Lifestyle | Citi Field | New York Mets | Family Fun | Great Neck NY | Forest Hills | Queens Real Estate | Queens homes for sale | Oheka Castle | Realtor | Real estate agent | Golf Courses | Local businesses | Local attractions | Restaurants | Area information | Community Events | Homeowner Tips | holidays | Open house | Home improvement tips | For sellers | Local wineries | Area photographers | For families | Fitness centers | New Year's resolutions | For Buyers | Mortgage | First-time Buyers | Buy a House | REALTORS® | Real Estate Agents | Agent Recognition | Agent Awards | Careers | Top Producer | Oyster Bay | Charitable Events | Curb Appeal | Home Seller Tips | Festivals | Real Trends 500 | T3 Sixty | Mega 1000 | General news | Sell Your Home | Relocation | LeadingRE | Moving | Personal Health | Inherit a House | Senior Community | Downsizing | Luxury Portfolio | Leading RE | Follow The Orange | Social Media | Homebuying tips | Gated communities | Finance a home | Queens County | Landscaping | Online classes | For Owners | Home Tech | Virtual Tour | Gardening | Home Maintenance | Melville | Philip Laffey | Mark Laffey | Fernand Leger | Steve Schappacher | Shappacher White DPC | Donnamarie Chaimanis | Long Island Press | James Gavin | Pauline Conti | Virtual Home Showing | Virtual Open House | Huntington | Bakeries | Northport, NY | Port Washington, NY | Smithtown, NY | Levittown, NY | Rockville Centre, NY | Offers | Farmingdale, NY | Babylon, NY | Astoria, NY | Long Island City, NY | Albertson NY | Atlantic Beach NY | Bayville NY | Bellmore NY | Brookville NY | Carle Place NY | Centre Island NY | East Hills NY | East Williston NY | Glen Cove NY | Glen Head NY | Hempstead NY | Hewlett NY | Hicksville NY | Jericho NY | Lattingtown NY | Laurel Hollow NY | Locust Valley NY | Manhasset NY | Matinecock NY | Merrick NY | Mill Neck NY | Mineola NY | Muttontown NY | North Hills NY | Oceanside NY | Old Westbury NY | Plandome NY | Roslyn NY | Roslyn Estates NY | Roslyn Harbor NY | Roslyn Heights NY | Sands Point NY | Sea Cliff NY | Syosset NY | Uniondale NY | Upper Brookville NY | Westbury NY | Williston Park NY | Woodbury NY | Amityville NY | Asharoken NY | Centerport NY | Commack NY | Deer Park NY | Dix Hills NY | East Northport NY | Fort Salonga NY | Hauppauge NY | Huntington Bay NY | Huntington Station NY | Kings Park NY | Lloyd Harbor NY | Lloyd Neck NY | Nissequogue NY | South Huntington NY | Stony Brook NY | Wheatley Heights NY | Wyandanch NY | Bayside NY | Bellerose NY | Briarwood NY | College Point NY | Douglaston NY | Elmhurst NY | Floral Park NY | Flushing NY | Fresh Meadows NY | Glen Oaks NY | Jackson Heights NY | Jamaica NY | Jamaica Estates | Little Neck NY | Malba NY | Middle Village NY | Queens Village NY | Rego Park NY | Richmond Hill NY | Rockaway Beach NY | Springfield Gardens NY | Sunnyside NY | Whitestone NY | Central Islip NY | Cold Spring Harbor NY | Copiague NY | Saint James NY | Staging | Parades
March
22

Why Pre-Approval Should Come First - Buy a Home - Laffey Real Estate

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.

The Many Advantages of Pre-Approval

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.

Click Here to Read More...

August
19

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. 

August
13

Laffey Real Estate announced the appointment of Donnamarie Chaimanis, Licensed Associate Real Estate Broker, to the position of President of the brokerage effective immediately

In this newly created role, Chaimanis is tasked with maximizing branch productivity; supervise the daily sales operations, branch services, recruiting platforms and growth strategies in the markets served including Long Island and the five boroughs.  She will continue in the role of overseeing the team of branch managers and career leaders.

The announcement was made by Philip C. Laffey, Broker Owner via a senior management Zoom meeting.  "We are very pleased to have Donnamarie work alongside us.  Since joining the firm in 2005, she has been a proven leader, innovator and team player," explained Laffey.  "This offers both Mark and me the opportunity to continue to focus on more strategic initiatives while ensuring that our company is moving forward as we have envisioned." 

Chaimanis, a 15-year residential real estate veteran, has previously served in leadership positions including Branch Manager Brookville Office, Regional Vice President and Luxury Marketing Division Manager.  Before her promotion, she led the company's Luxury Marketing Division instituting training strategy, marketing initiatives and agent mentoring. 

Donnamarie has a real penchant for luxury real estate, as the market on the Gold Coast certainly warrants.  Overall, these legacy sales include the $36.5 Million Searingtown Road, Manhasset land; $20 Million Easton Estate, Muttontown; $19.88 Million Alan King Waterfront Estate, Kings Point; the $9.035 Million, Oyster Bay Cove Cassini residence and many other notable estates.  

In commenting on Donnamarie's appointment, Mark T. Laffey, Broker Owner added that "we've been grooming her for this position for a few years.  She stepped up naturally and efficiently. With her professionalism and knowledge, we are confident that Donnamarie will be an integral part of the strategic growth of Laffey Real Estate for years to come."

With her extensive experience and background in residential real estate, she will continue to work closely with the Broker Owners.  As the firm enters another chapter in their storied and well-regarded history, the vision for expansion will be well served under her guidance.  

December
30

Home Loan Pre-Approval Timing - Laffey Real Estate

Start off your new year with a new home by getting your loan pre-approval and preparing to purchase. A new year means a new start, and a sparkling home awaits.

Our real estate agents understand that the pre-approval process can be rather confusing. To start off your new year right, we're here to help guide you through this first stage of the home purchase process.

Know Your Credit

Knowing your credit score is a great place to start when deciding if you are ready for a pre-approval. Lenders will have varying minimum credit scores, but for the most part, you'll need a score of at least 620 to ensure you are approved for a loan.

Click Here to Read More...

October
28

Inheriting a House - Laffey Real Estate

Inheriting a house often happens quickly and by surprise. You realize it will happen eventually, but many people are still unprepared when it does. Our real estate agents have worked with many people in this situation, and while it may be emotionally difficult, successfully navigating these circumstances is possible.

First Steps

Contact the homeowner's insurance and utilities to make any changes needed to continue coverage and service. While you may not want to pay utility bills for a house that isn't occupied, turning them off isn't practical. If you or others will be spending time in the house cleaning out personal belongings or making repairs, you will need electricity and water. During heating season, gas will need to stay on to prevent possible damage from frozen pipes. You'll also need the utilities on for a house inspection. You can discontinue anything that isn't essential such as TV, internet and phone services.

Click Here to Read More...

January
14

Home Buying Mortgage Tips
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.

  1. Do Your Research
    Taking out a mortgage is a huge commitment, so you'll want to do your research before you make any moves. Begin by checking your credit score and reviewing your credit report to make sure it's accurate. If you notice any problems, you'll want to start working on fixing those right away.

    Decide what type of mortgage you want to apply for and begin researching lenders. Use an online calculator or contact a few lenders for pre-qualification so you have an idea of how much you can afford to borrow.

    Click Here to Read More...

Login to My Homefinder

Login to My Homefinder